Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

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1989TransAm
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Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by 1989TransAm » Wed Feb 07, 2018 11:38 am

"Despite this week’s stock market tumble, faith and optimism in the U.S. economy has hit a 13-year high, according to a leading poll on economic confidence.The IBD/TIPP Economic Optimism Index jumped in February to 56.7 from 55.1, marking the 17th consecutive month in positive territory. A reading below 50 indicates pessimism while a reading above 50 signals optimism. It’s not far from the all-time high of 62.9 in March 2002.“The overall Economic Optimism Index reached its highest level since October of 2004, while the sub-index for the 6-month outlook stood at its highest since October of 2012,” said IBD’s Terry..."

http://www.washingtonexaminer.com/roari ... le/2648275

GO TRUMP GO

dirtracr5
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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by dirtracr5 » Wed Feb 07, 2018 12:05 pm

Thats good to hear. I wonder if the recent stock market dives will affect it negatively.

The poll was done from jan 25th-feb 2nd which was before the big dip on mondays stocks.

1989TransAm
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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by 1989TransAm » Wed Feb 07, 2018 12:42 pm

dirtracr5 wrote:
Wed Feb 07, 2018 12:05 pm
Thats good to hear. I wonder if the recent stock market dives will affect it negatively.

The poll was done from jan 25th-feb 2nd which was before the big dip on mondays stocks.
The underlying fundamentals are good. The stock market rose to all time highs so a pull back would be natural. A 1000 point drop when the market was at 12,000 is one thing and another when the DOW was at 26,616.

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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by In-Tech » Wed Feb 07, 2018 5:39 pm

1989TransAm wrote:
Wed Feb 07, 2018 12:42 pm
dirtracr5 wrote:
Wed Feb 07, 2018 12:05 pm
Thats good to hear. I wonder if the recent stock market dives will affect it negatively.

The poll was done from jan 25th-feb 2nd which was before the big dip on mondays stocks.
The underlying fundamentals are good. The stock market rose to all time highs so a pull back would be natural. A 1000 point drop when the market was at 12,000 is one thing and another when the DOW was at 26,616.
None of this matters, duly noted though. Look at the percentage, not that 1000+ points dropped.
Heat is energy, energy is horsepower...but you gotta control the heat.
-Carl


1989TransAm
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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by 1989TransAm » Thu Feb 08, 2018 6:12 pm

"Go Figure: Tax Revenues Climbed $18 Billion In First Month Of GOP Tax Cuts"

"Wait, weren’t the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves.
That wouldn’t be fair, either. As the CBO notes, the new payroll withholding scheduled hadn’t fully taken effect in January; companies don’t have to update their employee tax withholdings until the middle of this month. When that happens, monthly revenues from individual income taxes will likely slip.
But the latest CBO report does show how a growing economy can make up a lot of the difference between the advertised price of a tax cut and the actual impact on revenues."

https://hotair.com/headlines/archives/2 ... -tax-cuts/

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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by Firedome8 » Thu Feb 08, 2018 6:34 pm

1989TransAm wrote:
Thu Feb 08, 2018 6:12 pm
"Go Figure: Tax Revenues Climbed $18 Billion In First Month Of GOP Tax Cuts"

"Wait, weren’t the tax cuts supposed to bankrupt the country to benefit the rich? It almost looks like the tax cuts — which took effect in January — are paying for themselves.
That wouldn’t be fair, either. As the CBO notes, the new payroll withholding scheduled hadn’t fully taken effect in January; companies don’t have to update their employee tax withholdings until the middle of this month. When that happens, monthly revenues from individual income taxes will likely slip.
But the latest CBO report does show how a growing economy can make up a lot of the difference between the advertised price of a tax cut and the actual impact on revenues."

https://hotair.com/headlines/archives/2 ... -tax-cuts/
I hope it all works out

j-c-c
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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by j-c-c » Thu Feb 08, 2018 7:50 pm

1989TransAm wrote:
Wed Feb 07, 2018 11:38 am
"Despite this week’s stock market tumble, faith and optimism in the U.S. economy has hit a 13-year high, according to a leading poll on economic confidence.The IBD/TIPP Economic Optimism Index jumped in February to 56.7 from 55.1, marking the 17th consecutive month in positive territory. A reading below 50 indicates pessimism while a reading above 50 signals optimism. It’s not far from the all-time high of 62.9 in March 2002.“The overall Economic Optimism Index reached its highest level since October of 2004, while the sub-index for the 6-month outlook stood at its highest since October of 2012,” said IBD’s Terry..."

http://www.washingtonexaminer.com/roari ... le/2648275

GO TRUMP GO
13? Years?
10/05 peak?
Great recession started 12/07?
That means historically we have maybe 2 years till the music stops? =D>

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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by pdq67 » Fri Feb 09, 2018 12:36 am

Can we look at this, this way??

$18,000,000,000 a month.

I read that in ten years, the cuts will cost us $1,000,000,000,000, so if this is right.

We need to divide $1,000,000,000,000/120 months = ten years to figure out what needs to be brought in to balance everything out.

Right??

About $8,333,333,333/month, right??

Looks OK to me IF my math is right??

Please check me here??

pdq67

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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by In-Tech » Fri Feb 09, 2018 6:34 am

Paul, why would you ever think impedance, capacitance or resistance is close to being similar? :wink:
Heat is energy, energy is horsepower...but you gotta control the heat.
-Carl

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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by j-c-c » Fri Feb 09, 2018 9:10 am

pdq67 wrote:
Fri Feb 09, 2018 12:36 am
Can we look at this, this way??

$18,000,000,000 a month.

I read that in ten years, the cuts will cost us $1,000,000,000,000 MORE, so if this is right.

We need to divide $1,000,000,000,000/120 months = ten years to figure out what needs to be brought in MORE to balance this out.

Right??

About $8,333,333,333/month, right??

Looks OK to me IF my math is right??

Please check me here??

pdq67
checks Hypothetically disregarding I believe an already negative imbalance

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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by RevTheory » Fri Feb 09, 2018 9:29 am

More static calculations from the left.

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Re: Roaring: Economic Optimism Index hits 13-year high, credit to tax cuts

Post by sanfordandson » Fri Feb 09, 2018 10:25 am

Its officially a "correction" now. Stocks down 10% from peak.

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