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Replies: 33 / Views: 2,136 |
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Bedrock of the Community
 United States
12011 Posts |
Economic news looks increasingly sour as U.S. jobs numbers were revised downward eliminating over 1 million previously reported jobs. This is now a three quarter increasingly negative trend. Wonder if and how the market tomorrow. The worst year in the last 20 years for downward revisions.  
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com
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Bedrock of the Community
 United States
12011 Posts |
Well it looks like GDP growth came in at a highly disappointing 1.4% while personal consumer expenditures came in at an alarming 3%. This means that as a nation, we produced just 1.4% more goods and services but consumed 3% more of the same. The difference is imports which showed in a report published yesterday that we ran a trade deficit of $900 billion in 2025. A terrible year for our finances which also saw our national debt approach $39 trillion. 
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com
Edited by numismatic student 02/20/2026 08:49 am
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Moderator
 United States
198174 Posts |
Quote: A terrible year for our finances which also saw our national debt approach $39 trillion. 
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Replies: 33 / Views: 2,136 |
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