Forget About The Market For A Second, And Remember The US Economy Is Kicking Butt

BI ^ | 8-26-2015 | Bob Bryan

[blam]

Bob Bryan
August 26, 2015

The stock market has been on a wild ride the past few days, but if you look beyond that, the US economy is doing just fine.

There are numerous explanations for the sell-off in the markets, but none of them are because of the American economy.

Unemployment is still down around its pre-recession levels, the housing market is still improving with more being built and increasing values, consumer confidence is very healthy, and gross domestic product is still growing.

None of that has changed.

In trying to explain the chaos, most analysts have noted that, for the most part, the economy is healthy.

"There are no signs of any major downturn in the US economy," Paul Ashworth at Capital Economics said in a note to clients on Monday. He said the volatility didn't "reflect any genuine economic slump."

(snip)

[blam]

There you go....jump right into the market.

[blam]

Here We Go Again...

[Nep Nep]

if you think the US economy is doing well, you must work on Wall Street, in the media, or for the federal government

[Little Pig]

I wonder what color the sky is in his world. That much delusion is incredible in someone who’s actually allowed out in public.

[VanDeKoik]

I have too much dignity to ever write for a business publication. I just can’t BS people in a way that could lead them to go broke.

[Old Retired Army Guy]

Who is writing this crap? Unemployment down to pre-recession levels???Has the writer forgotten about the number of people who have dropped out of the Labor Force and those working in part time jobs? “Economy Kicking Butt”???? This guy must live in Colorado and is smoking that Legal weed.

[Mr. Jeeves]

Unemployment is still down around its pre-recession levels, the housing market is still improving with more being built and increasing values, consumer confidence is very healthy, and gross domestic product is still growing.

"We have always been at war with Eastasia."

[Dilbert San Diego]

In the Era of Obama, we are not allowed to talk about indicators such as the number of people who dropped out of the labor force, or those working only part time.

We are supposed to chant the mantra that bin Laden is dead and GM is alive.

Also in the Era of Obama, any bad economic news, or any bad news at all, is blamed on someone else or some outside force. In the economic area, a bad winter storm has been blamed for economic slowdowns. The way the unemployment rate is calculated has been manipulated to yield better results.

[Lorianne]

The US economy certainly is kicking a lot of people in the butt.

[nathanbedford]

Unemployment is still down around its pre-recession levels, the housing market is still improving with more being built and increasing values, consumer confidence is very healthy, and gross domestic product is still growing.

The market is worse than the classic ingrate who always asks, "yeah but what have you done for me lately?" The market asks, "what are you going to do for me in six months?"

To indulge another cliché, the author is telling us that the good news is already out, a classic sell signal.

The American stock market is no longer a creature of the American economy but a cog in the global wheel and the wheels in China are going off the wagon.

[Paladin2]

Yep, up and down Main Street all day long...

[DuncanWaring]

Unemployment is still down around its pre-recession levels,...

But "em"ployment is down around the level it was during the dying days of the Carter administration.

[steve8714]

Stocks go up, stocks go down, the sucker suffers and the carny prospers.

[steve8714]

Such an expert.
Bob Bryan

Bob Bryan is a Finance and Markets Intern for Business Insider. He graduated from the University of North Carolina at Chapel Hill, with degrees in Journalism and Political Science.

Read more: http://www.businessinsider.com/author/bob-bryan#ixzz3jvu1xTPB

[PATRIOT1876]

The government always finds way to lie about the unemployment rate.

This administration has kicked lying into overdrive. Perhaps an ugly modern art form is a better analogy.

They are STILL trying to convince us that man made global warming is real despite all the evidence against showing that it's Socialist nonsense.

“’There are three kinds of lies: lies, damned lies, and statistics”
~ Mark Twain

[crz]

The sucker who wrote this needs a hard slap across the back of his head.

[Uncle Miltie]

Feral Government.

[glorgau]

Let’s not forget all the people who are now living off of Social Security Disability and not working.

[JRandomFreeper]

All these articles about the market deal with large groups.

You are as significantly impacted by a small personal changes as by massive market shifts. That gets ignored.

I lost my shorts in 2008. Not everyone did.

My only advice is that I'll take care of my own stuff and leave the big market stuff to those that can afford food.

/johnny

[jsanders2001]

Yeah where is the economy kicking butt? I’m not seeing it. The trouble with perpective is that one man’s line of sight is not the others. You may be oing great while the rest are homeless so claims like this mean nothing...