Economists See Lower Recession Risk and Stronger Job Growth: WSJ Survey

Grokmaster

Grokmaster

Well-known member
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The "experts" forced to admit that they are wrong, while still trying to foment "gloom and doom" .


Economists See Lower Recession Risk and Stronger Job Growth: WSJ Survey​



The economic fallout from President Trump’s policies may prove less dire than feared.

Economists expect stronger growth and job creation, lower risk of recession and cooler inflation than they did three months ago, according to The Wall Street Journal’s quarterly survey of professional forecasters.


~
“Despite numerous headwinds, the U.S. economy is proving stubbornly resilient,” said Chad Moutray, chief economist at the National Restaurant Association. “Consumers are continuing to spend, but the mood has clearly shifted from bold to careful.”

The survey gathered responses from 69 economists at outfits ranging from Wall Street banks to universities to small consulting firms from July 3 to July 8. Not every forecaster answered every question.

The improved outlook follows three months of generally encouraging economic data. Job growth averaged 150,000 in the past three months, better than projected in April, and the unemployment rate dipped to 4.1% in June from 4.2% in May, staying within its range of the past year.





 
Grokmaster said:
The "experts" forced to admit that they are wrong, while still trying to foment "gloom and doom" .


Economists See Lower Recession Risk and Stronger Job Growth: WSJ Survey​



The economic fallout from President Trump’s policies may prove less dire than feared.

Economists expect stronger growth and job creation, lower risk of recession and cooler inflation than they did three months ago, according to The Wall Street Journal’s quarterly survey of professional forecasters.


~
“Despite numerous headwinds, the U.S. economy is proving stubbornly resilient,” said Chad Moutray, chief economist at the National Restaurant Association. “Consumers are continuing to spend, but the mood has clearly shifted from bold to careful.”

The survey gathered responses from 69 economists at outfits ranging from Wall Street banks to universities to small consulting firms from July 3 to July 8. Not every forecaster answered every question.

The improved outlook follows three months of generally encouraging economic data. Job growth averaged 150,000 in the past three months, better than projected in April, and the unemployment rate dipped to 4.1% in June from 4.2% in May, staying within its range of the past year.





Click to expand...
For now.
We all have to sit back and see just what Trump's Tariffs do to it they all aren't in place yet.
As for the ones that are you can see prices of some items already going up, and people getting laid off.
 
Tbird19482 said:
For now.
We all have to sit back and see just what Trump's Tariffs do to it they all aren't in place yet.
As for the ones that are you can see prices of some items already going up, and people getting laid off.
Click to expand...
Yes, for now...Relax...things will be fine...
prices always fluctuate...people get laid off...
Changes absolutely needed to happen, and that's why President Trump was elected...
 
TOP said:
Yes, for now...Relax...things will be fine...
prices always fluctuate...people get laid off...
Changes absolutely needed to happen, and that's why President Trump was elected...
Click to expand...
Keep believing that , as it has been said NOT all of Trump's tariffs are in place yet and when we work through the supply chain most of them will be passed on to the US consumer and prices will start going up and in some cases already have.
IT is the US consumer that will be paying most of the tariffs, the manufactures and exporters may eat some of them but with as high as Trump's tariffs are most of them will be passed on.
And then as I said a lot of importers and retailers will add a percent or two to pad their bottom line raising prices even higher.
 
Tbird19482 said:
Keep believing that , as it has been said NOT all of Trump's tariffs are in place yet and when we work through the supply chain most of them will be passed on to the US consumer and prices will start going up and in some cases already have.
IT is the US consumer that will be paying most of the tariffs, the manufactures and exporters may eat some of them but with as high as Trump's tariffs are most of them will be passed on.
And then as I said a lot of importers and retailers will add a percent or two to pad their bottom line raising prices even higher.
Click to expand...
i will keep believing...so far, things are working well...
 
Grokmaster said:
The "experts" forced to admit that they are wrong, while still trying to foment "gloom and doom" .


Economists See Lower Recession Risk and Stronger Job Growth: WSJ Survey​



The economic fallout from President Trump’s policies may prove less dire than feared.

Economists expect stronger growth and job creation, lower risk of recession and cooler inflation than they did three months ago, according to The Wall Street Journal’s quarterly survey of professional forecasters.


~
“Despite numerous headwinds, the U.S. economy is proving stubbornly resilient,” said Chad Moutray, chief economist at the National Restaurant Association. “Consumers are continuing to spend, but the mood has clearly shifted from bold to careful.”

The survey gathered responses from 69 economists at outfits ranging from Wall Street banks to universities to small consulting firms from July 3 to July 8. Not every forecaster answered every question.

The improved outlook follows three months of generally encouraging economic data. Job growth averaged 150,000 in the past three months, better than projected in April, and the unemployment rate dipped to 4.1% in June from 4.2% in May, staying within its range of the past year.





Click to expand...
Your own article even says the pessimism has been tempered because Trump chickened out on his global trade war and many of his tariffs.

Previous estimates of economic damage were based on the assumption that one could actually believe the words that Trump says and tweets.

Trump took the advice of liberals and retreated from his plans for global trade war.
 
Grokmaster said:
The "experts" forced to admit that they are wrong, while still trying to foment "gloom and doom" .


Economists See Lower Recession Risk and Stronger Job Growth: WSJ Survey​



The economic fallout from President Trump’s policies may prove less dire than feared.

Economists expect stronger growth and job creation, lower risk of recession and cooler inflation than they did three months ago, according to The Wall Street Journal’s quarterly survey of professional forecasters.


~
“Despite numerous headwinds, the U.S. economy is proving stubbornly resilient,” said Chad Moutray, chief economist at the National Restaurant Association. “Consumers are continuing to spend, but the mood has clearly shifted from bold to careful.”

The survey gathered responses from 69 economists at outfits ranging from Wall Street banks to universities to small consulting firms from July 3 to July 8. Not every forecaster answered every question.

The improved outlook follows three months of generally encouraging economic data. Job growth averaged 150,000 in the past three months, better than projected in April, and the unemployment rate dipped to 4.1% in June from 4.2% in May, staying within its range of the past year.





Click to expand...
:yayaseesathreadban: :yayaseesathreadban: :yayaseesathreadban: :yayaseesathreadban: :yayaseesathreadban:
:grokmaster:
 
Grokmaster said:
The "experts" forced to admit that they are wrong, while still trying to foment "gloom and doom" .


Economists See Lower Recession Risk and Stronger Job Growth: WSJ Survey​



The economic fallout from President Trump’s policies may prove less dire than feared.

Economists expect stronger growth and job creation, lower risk of recession and cooler inflation than they did three months ago, according to The Wall Street Journal’s quarterly survey of professional forecasters.


~
“Despite numerous headwinds, the U.S. economy is proving stubbornly resilient,” said Chad Moutray, chief economist at the National Restaurant Association. “Consumers are continuing to spend, but the mood has clearly shifted from bold to careful.”

The survey gathered responses from 69 economists at outfits ranging from Wall Street banks to universities to small consulting firms from July 3 to July 8. Not every forecaster answered every question.

The improved outlook follows three months of generally encouraging economic data. Job growth averaged 150,000 in the past three months, better than projected in April, and the unemployment rate dipped to 4.1% in June from 4.2% in May, staying within its range of the past year.





Click to expand...
The economists saw a better economy outlook because Trump Always Chickens Out.

The reason: The Journal’s previous survey was conducted at the height of the president’s threats to impose eye-watering tariffs on America’s biggest trading partners. He paused some of the tariffs shortly thereafter.
 
TOP said:
I don't think I've ever seen him post anything positive...well, maybe two or three times...lol...but most the same "sky is falling" stuff...;)
Click to expand...
And MAYBE if you would pay attention to what Trump's tariffs have already done to the price of things you buy you would see prices have ALREADY started going up and NOT ALL of the tariffs he says he wants in place are in place YET.
And If you had a brain in your head you would know exporting countries and manufactures are NOT going to pay all of them and will be passing those increases on to the US consumer. ( some already have, )
And when his tariffs are all in place IF he doesn't back down AGAIN prices of just about everything you buy will be going up.
Heck if he keeps the tariff on Copper and rare earth metals alone the price of everything electronic / electrical / Autos and more will be sky rocketing.
But NO you just stay hidden under your rock and keep thinking everything is going to be okay.
In time when prices do go up and start to hit you in your pocketbook you might wake up.
 
Tbird19482 said:
And MAYBE if you would pay attention to what Trump's tariffs have already done to the price of things you buy you would see prices have ALREADY started going up and NOT ALL of the tariffs he says he wants in place are in place YET.
And If you had a brain in your head you would know exporting countries and manufactures are NOT going to pay all of them and will be passing those increases on to the US consumer. ( some already have, )
And when his tariffs are all in place IF he doesn't back down AGAIN prices of just about everything you buy will be going up.
Heck if he keeps the tariff on Copper and rare earth metals alone the price of everything electronic / electrical / Autos and more will be sky rocketing.
But NO you just stay hidden under your rock and keep thinking everything is going to be okay.
In time when prices do go up and start to hit you in your pocketbook you might wake up.
Click to expand...
I am paying attention...i gave you good advice...It's your choice to take it or not...
 
Sammy Jankis said:
not all.

but many.

why do you reject goodness and light?
Click to expand...
I reject running our economy into a recession by driving up the cost of just about EVERYTHING we buy.
And I agree NOT all of his tariffs are in place YET but if you look at the ones that ARE you can already see the price of the goods they effect are going up.
And when / IF he puts the rest of the ones he says he is going to prices are going to go up sales are going to go down . Like it has already happened in the auto industry . causing people to be laid off .
As I said the tariffs on COPPER and rare earth materials alone effects just about EVERYTHING electrical and that also is driving up the cost of a lot of things autos are just one , cost of wire and copper pipe to build homes will go up and that will drive up the cost of new homes and that market hasn't been doing to good in a lot of areas.
Again the point is it is the American consumer that pays most of the tariffs and if you take money out of the economy because of tariffs the economy will slow down.
And IF and when Trump's tariffs are all put in place it will be the American consumer paying most of them and getting hurt financially.
 
Sammy Jankis said:
not all.

but many.

why do you reject goodness and light?
Click to expand...
And one more thing some people on here don't seem to understand it is going to take some time for Trump's tariffs to work through the system and for prices to start going up. From what I read economists are saying they could really start kicking in about mid/ end of AUG.
We will have to wait and see.
 
Tbird19482 said:
And MAYBE if you would pay attention to what Trump's tariffs have already done to the price of things you buy you would see prices have ALREADY started going up and NOT ALL of the tariffs he says he wants in place are in place YET.
And If you had a brain in your head you would know exporting countries and manufactures are NOT going to pay all of them and will be passing those increases on to the US consumer. ( some already have, )
And when his tariffs are all in place IF he doesn't back down AGAIN prices of just about everything you buy will be going up.
Heck if he keeps the tariff on Copper and rare earth metals alone the price of everything electronic / electrical / Autos and more will be sky rocketing.
But NO you just stay hidden under your rock and keep thinking everything is going to be okay.
In time when prices do go up and start to hit you in your pocketbook you might wake up.
Click to expand...
Auto manufacturing is moving back to the US.
 
Tbird19482 said:
I reject running our economy into a recession by driving up the cost of just about EVERYTHING we buy.
And I agree NOT all of his tariffs are in place YET but if you look at the ones that ARE you can already see the price of the goods they effect are going up.
And when / IF he puts the rest of the ones he says he is going to prices are going to go up sales are going to go down . Like it has already happened in the auto industry . causing people to be laid off .
As I said the tariffs on COPPER and rare earth materials alone effects just about EVERYTHING electrical and that also is driving up the cost of a lot of things autos are just one , cost of wire and copper pipe to build homes will go up and that will drive up the cost of new homes and that market hasn't been doing to good in a lot of areas.
Again the point is it is the American consumer that pays most of the tariffs and if you take money out of the economy because of tariffs the economy will slow down.
And IF and when Trump's tariffs are all put in place it will be the American consumer paying most of them and getting hurt financially.
Click to expand...
Calm your hormones down Nancy. There will be a period of adjustment but prices will level out and more AMERICANS will have good jobs and salaries will grow.
 
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