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Thread: Economic News to Start 2018

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    Economic News to Start 2018

    US factories close out 2017 with a surge as the Manufacturing Index rose last month again.

    Manufacturing has been expanding for the past 16 months due to a sold global economy and the decline in the dollar's value, which makes our exports more competitive abroad.

    New factory orders jumped in December to the highest level since January 2004.

    Also, oil prices continue to climb, approaching $62 bbl for the first time in three years.

    Some new shale drilling is expected if prices hold above $61.

    If prices get to $66 bbl, even more corporate chiefs indicated they would start exploring again.

  2. #2
    The Republican Agenda HadEnough2's Avatar
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    Quote Originally Posted by Miller47 View Post
    US factories close out 2017 with a surge as the Manufacturing Index rose last month again.

    Manufacturing has been expanding for the past 16 months due to a sold global economy and the decline in the dollar's value, which makes our exports more competitive abroad.

    New factory orders jumped in December to the highest level since January 2004.

    Also, oil prices continue to climb, approaching $62 bbl for the first time in three years.

    Some new shale drilling is expected if prices hold above $61.

    If prices get to $66 bbl, even more corporate chiefs indicated they would start exploring again.
    They say oil will go as high as $80 a barrel. There goes the middle class tax break.

    148,000 jobs created in December was lower than expected. This coming after Trump claimed he's the greatest job President God ever created. Not impressed at all.

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    Member Claudius the God's Avatar
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    I think we are in the final stages of a bull market myself. The only reason the DOW is strong is due to no place else to park money. Now if real estate starts dropping due to the new tax law, we might see money coming in to swoop up properties at a discount though. I am going to wait and see, give this another six months. If the stock market is still on a tear, I may sell into cash and wait for the inevitable. Trump could set off a financial crisis though if he starts a war or is impeached or resigns. One never knows with this guy.
    Thanks from HayJenn

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    Southern Strategy Liberal OldGaffer's Avatar
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    And wages rose the same shitty 3% they did in 2016...

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    Good news for a change... no wonder so many are angry.
    Thanks from carpe diem

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    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by bmanmcfly View Post
    Good news for a change... no wonder so many are angry.
    Yeah, inflation of 2% and wage increases of 3%, here come the glory days...

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    Quote Originally Posted by HadEnough2 View Post
    They say oil will go as high as $80 a barrel. There goes the middle class tax break.

    148,000 jobs created in December was lower than expected. This coming after Trump claimed he's the greatest job President God ever created. Not impressed at all.
    They say lots of things.

    When oil was about $140 bbl a few years back "they" said oil would never go back below $100 bbl.

    Then oil went down to below $30 bbl.

    "They" often do not know what "they" are talking about.

    No one knows...no one EVER knows for sure.

    "They" make their best guess, that's all...
    Thanks from bmanmcfly

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    Quote Originally Posted by Claudius the God View Post
    I think we are in the final stages of a bull market myself. The only reason the DOW is strong is due to no place else to park money. Now if real estate starts dropping due to the new tax law, we might see money coming in to swoop up properties at a discount though. I am going to wait and see, give this another six months. If the stock market is still on a tear, I may sell into cash and wait for the inevitable. Trump could set off a financial crisis though if he starts a war or is impeached or resigns. One never knows with this guy.
    I think that's very possible.

    Then again, the so called "experts" have been saying that for the last two or three years.

    It may crash this month, or run wild for years to come.

    No one knows...

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    You can park your money in Bitcoin.

    Or better yet, as the cost of doing business in Bitcoin can be a bit high, extortionists are increasingly demanding payment in Litecoin when they have encrypted all of the files on your computer. Which may mean it's time to invest in Litecoin...?? It was about $250 last time I checked.

    Of course, since ultimately these coins are tracked on servers, which are on the Internet, and are liable to simply wake up gone into somebody else's wallet one day without a trace, I'm not sure that's a great alternative...

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    Quote Originally Posted by splansing View Post
    You can park your money in Bitcoin.

    Or better yet, as the cost of doing business in Bitcoin can be a bit high, extortionists are increasingly demanding payment in Litecoin when they have encrypted all of the files on your computer. Which may mean it's time to invest in Litecoin...?? It was about $250 last time I checked.

    Of course, since ultimately these coins are tracked on servers, which are on the Internet, and are liable to simply wake up gone into somebody else's wallet one day without a trace, I'm not sure that's a great alternative...
    Yeah, criminals just LOVES them some BitCoin, or LiteCoin, or DogCrapCoin, or any other alternative currency.

    I'll be staying mostly in good ole US dollar bills, for the time being, anyway.

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