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Sunny days for the
economy can´t last forever

CNN Money, by Matt Egan and Danielle Wiener-Bronne

Original Article

Posted By:NorthernDog, 2/18/2018 11:26:04 AM

1. It´s getting late: The recovery from the Great Recession is already one of the longest economic expansions in American history. And recently the economic cycle has gone from humming along to booming. Unemployment is down to a 17-year low, small business sentiment is roaring, and economic growth hit the 3% mark twice last year. But economic expansions don´t last forever. A recession comes along eventually and ruins the party. Wall Street is already pondering the demise of this recovery, which in May would become the second-longest in history. Most economists and investors believe the U.S. economy is either in

How long before liberals are out walking around with ´´The End is Near´´ signs around their necks?


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Reply 1 - Posted by: Patchy Groundfog, 2/18/2018 11:31:24 AM     (No. 11547798)

Including the Obama years in the recovery is like calling a packet of Tang an astronaut because it rode along in the Apollo spacecraft but so-called economists continue to do it.

If, technically, there was expansion it was solely due to Obama pouring ink and paper into the printing presses and handing cash to Wall Street. Meanwhile, businesses left and right closed up across the nation.

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Reply 2 - Posted by: Hybernicus, 2/18/2018 11:32:13 AM     (No. 11547801)

Recovery? While Obama was president, my income went down every year. And then I was laid off in 2016. Now I´m 60 and not employable in my field. Thanks, democrats. The economy´s best hope is under Trump.

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Reply 3 - Posted by: uno, 2/18/2018 11:32:42 AM     (No. 11547803)

It must be "Take a Dump on Optimism Day" over at the Clownfart News Network (where the "news" always smells funny).

Anyone wanna bet their personal investing habits don´t track with their diatribe?

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Reply 4 - Posted by: Hawgguy, 2/18/2018 11:37:42 AM     (No. 11547808)

What a Debbie Downer. Channeling his inner Krugman.

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Reply 5 - Posted by: ida lou pino, 2/18/2018 11:57:59 AM     (No. 11547829)

Idiot, ignorant socialists disguising themselves as ignorant, idiot socialists.

Yup - - fooled me!

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Reply 6 - Posted by: stablemoney, 2/18/2018 12:02:51 PM     (No. 11547835)

I am optimistic, think things are so much better than under Obama. CNN asks how long it will last? As long as Trump is President.

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Reply 7 - Posted by: Natpock1, 2/18/2018 12:03:29 PM     (No. 11547836)

None of the current growth in the economy is due to Obummer. Less regulation and impending tax cuts (crumbs) are driving this economy. Measuring inflation has been a joke for the past ten years, we had it but didn’t report it! The economy will grow with trump there will be bumps but lord knows it’s better than what we would have had!

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Reply 8 - Posted by: dvc, 2/18/2018 12:15:33 PM     (No. 11547853)

CNN is DESPERATE for bad economic news, they pray for it (if they pray at all) and the are hoping to prove that tax cuts are a bad idea.

They are political animals, extreme leftists, and they are completely ignorant about economics. Actually, it is worse than lack of knowledge, they are Marxists, so what they "know" is dead wrong.

The tax cut will but a boost into the economy for quite some time, probably at least 10 years, basically as long as it takes the stupid little grabbers in Congress to nibble it away with "improvements" in the future which raise tax rates again.

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Reply 9 - Posted by: Amereagle-redux, 2/18/2018 12:19:19 PM     (No. 11547857)

I do this professionally. #1 is correct.

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Reply 10 - Posted by: Nevadadad46, 2/18/2018 12:41:17 PM     (No. 11547882)

I gave a speech once to a Lion´s Club meet about this very thing- The ups and downs of the stock market and the overall economy.

I drew a parabolic chart on the board and asked how many people know what that chart might represent. Some knew about from from long ago math classes but, in relation to the economy, they did not connect a meaning. I said, "This represents a nuclear chain reaction, a dam bursting, a discharge of a fire arm, an explosion- it is also a cancer chart- how the disease would progress if the patient did not eventually die of it. And it represents a stock market that wins all the time. It is runaway inflation, melting markets, and $6,000.00 apiece cigarettes."

If you take a look at the October to late December BitCoin chart, you will see this very type curve. When I saw it- I gasped also in astonishment and a bit of fear. If it continued much longer, it would quickly consume all the currency in the world! Obviously, someone big, probably a government, saw that, too and severly wounded the BitCoin market.

The rise and fall of any market is a good thing. Of course, you do not want a "crash" but you certainly want healthy growth. So, this stupid CNN article is merely that relaying a healthy market is a good thing. Sunny days in markets should not last forever. Healthy markets must always seek adjustment.

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Reply 11 - Posted by: Pearson365, 2/18/2018 12:56:35 PM     (No. 11547892)

FTA: S&P Global Ratings said in a recent report that the current expansion has a "good chance" to stay alive until the summer of 2019 and become the longest ever.
"Barring a shock, this expansion has staying power," the firm wrote.

CNN provides this & other positive quotes about the economy but then twists its headline into a negative. No investor and no rational adult believes that the economy has straight line, uninterrupted growth. If Mueller had issued indictments of PDT, Melania and Baron on Friday rather than 14 Russian trolls who Mueller knows will never be extradited, CNN would have not had to struggle to turn a mediocre economic article into an anti Trump headline.

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Reply 12 - Posted by: Petronius, 2/18/2018 12:59:22 PM     (No. 11547898)

They will last, until next the democrat takes office.

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Reply 13 - Posted by: NessunDorma, 2/18/2018 1:23:29 PM     (No. 11547932)

The economy was humming along? Under Obama?? The only thing that "hummed" during Obama´s reign was qualitative easing. The so-called recovery on Main Street was stuck in first gear.

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Reply 14 - Posted by: Hotrod, 2/18/2018 1:25:34 PM     (No. 11547933)

The democrat crepe-hangers just can´t stand that President Trump is making good things happen for America. They long for the days of massive government corruption and fraud against the taxpayer, which was assured- should Herself get elected.

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Reply 15 - Posted by: Bur Oak, 2/18/2018 1:28:57 PM     (No. 11547939)

They must be consulting with Paul Krugman.

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Reply 16 - Posted by: JHHolliday, 2/18/2018 1:34:12 PM     (No. 11547945)

The stock market always adjusts. It might dip or, in the event of some huge shock, drop precipitously. The economy itself is different. With the momentum it has under Trump, it won´t slow down for years.

Any number of things could derail us....a nuke attack, a giant asteroid, etc. All we can do is trust the Lord and keep our powder dry.

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Reply 17 - Posted by: earlybird, 2/18/2018 1:56:16 PM     (No. 11547973)

What OP said. Bearded, scruffy, wearing hair shirts and/or burlap bags. Haggard expressions. Drama Queen. That’s CNN.

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Reply 18 - Posted by: Philipsonh, 2/18/2018 3:13:34 PM     (No. 11548022)

I started to read the article until `I reached the word " economist " , and then gave up. Most economists don´t live in the real World, nor do they forecast the future very well; some, in fact, are just plain wrong much of the time.

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Reply 19 - Posted by: mickturn, 2/18/2018 3:40:43 PM     (No. 11548045)

It will last until Libs are in charge again then it all goes down the tubes!

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Reply 20 - Posted by: John56, 2/18/2018 4:42:11 PM     (No. 11548080)

As the old joke goes, economists have predicted seven of the last three recessions.

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Reply 21 - Posted by: Tsquare, 2/18/2018 5:51:48 PM     (No. 11548144)

Longest....and slowest

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Reply 22 - Posted by: Rumblehog, 2/18/2018 7:38:19 PM     (No. 11548224)

I´ll never forget that quote of the Obamunist when asked why the market tanked after his first election win. He said, "I have more important things to do than worry about the fits and starts of the stock market."

Really? OK, so in 8 years, what did he do?

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Reply 23 - Posted by: rolfnader, 2/19/2018 7:07:44 AM     (No. 11548446)

I remember CNN , now. They´re the sages that told us Hillary would win in a landslide.

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