About that 'Trump Bump'

[BallardWA]

Don't believe it. We own and operate a small, construction based business. In our 29 years of operation we have weathered myriad economic downturns. We lost our home in the Great Recession, sold to save the business. This past year is the first time we can honestly say we may see a profit.

I've gotten pretty good at predicting when things are about to go south. We are artisans, and our products are mostly installed in high-end homes and businesses. Our work is always included in the initial budgeting of a job, and jobs are usually priced anywhere from three to six months out.

At this time of the year, we produce about five or six bids a week. We are currently producing maybe one a week. We have subcontractors we use that are reporting the same thing. Make no mistake, the people who spend money are not spending money. We are in for it.

[littlemissmartypants]

1. My prediction...

China and the derivatives markets will both crash simultaneously. Thanks for the post BallardWA.

[elleng]

2. Thanks for this interesting post.

Please keep us informed. We so seldom hear about 'boots on the ground.'

Then there's this: Steady U.S. Job Growth Sets Stage for Fed to Raise Interest Rates. https://www.nytimes.com/2017/03/10/business/economy/february-unemployment-jobs-report.html?

Always a 'follower,' by nature.

Dow's heading down, by drips and drops now. Down 8 points @ noon today.

[Warpy]

3. The bump was only in the stock market and the air is leaking out of that bubble.

It's leaking because confidence is down and spending is down, but you knew that. Republicans, even the smarter ones, always crash the economy because they don't understand how it works and everybody knows it but the fools who buy into the supreme confidence that total ignorance bestows.

IOW, even if Dolt45 weren't barking mad, this would be happening.

The DJIA topped 21,000. Whoopee. The rest of the economy is in trouble and everybody with a brain knows it.