Quote:
Originally Posted by manaboutown
Turning the economy is like turning an aircraft carrier. It does not turn on a dime. I am very, very happy with the direction things are now starting to turn and am looking forward to further prosperity for our great country.
Unemployment has been brought down. New jobs have been created. Better foreign trade deals are ahead. We have been supporting much of the rest of the world, (many of whom are envious and resentful of us and actually hate us for our prosperity) for many years and being screwed by high tariffs on our exports. China, just as an example, has always ignored our intellectual property laws, infringing patents, trademarks and copyrights right and left. Hopefully those days are coming to an end.
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GOOD FOR YOU.....AGAIN....this
Trade deficit at 10 yr high.
Tax cut will add $1.5 trillion to deficit.
Deficit grew 77% in ONE YEAR last year.
Now I come upon this...
"Americans' net worth fell at the highest level since the financial crisis in the fourth quarter of 2018 as sliding stock market prices ate into the household balance sheet.
Net worth dropped to $104.3 trillion as the year came to an end, a decrease of $3.73 trillion, according to figures released Thursday by the Federal Reserve. The fall amounted to a drop of 3.4 percent."
US households see biggest decline in net worth since the financial crisis
I am not market guy at all, and do not understand much, but all of this is government supplied numbers.....something does not make sense to me, but as I say, I am the dummy here.
Hope you are correct and everyone gains but boy, the official news just sounds gray to me. Not black but surely gray