From Zero hedge article.


"They Just Got Handed Fraudulent Books" - Ed Dowd Confirms Our Warning That Trump Is 'Inheriting A Turd Of An Economy'

Former Wall Street money manager Ed Dowd is a skillful financial analyst who said in May the economy was skidding. Now, Dowd predicts the economy is poised to “roll over” and soon.

"I have never seen such blatant manipulation of government statistics.

There is government spending and government hiring to paper over what is truly a bad economy for the average man. When I was asked prior to the election who do you think will win the election, I said Trump has already won, according to the economic statistics. That’s why he won. Bobby Kennedy helped along with Elon Musk, Joe Rogan, lots of people switching and what have you. What really got Trump in was the economy, the real economy, not the stock market.

It was not the ‘everything is hunky-dory’ pablum from the mainstream media.

The real economy has been rolling over, and we are just waiting for the financial markets to figure this out.

When they do, Trump is going to inherit a turd of a financial market crisis.

Government statistics will be updated, and it will show we started a recession sometime this year...

https://www.zerohedge.com/political/they-just-got-handed-fraudulent-books-ed-dowd-warns-trump-inheriting-turd-economy

TLDW- I wouldn’t believe anyone who’s going to pre-blame Biden for next summers planned recession/depression anyway.

The people who will be in charge like Elon and Trump say their plans will likely cause a depression next summer….believe them.
If they deport 10% what they say they will, it will cause a depression, and explode the debt.
If they enact the tariffs they say they will, it will cause a depression and a trade war.
If they end the ACA without a replacement (but we have a concept of a plan for thinking about a replacement…in two weeks) it will cause a depression and public health crisis.

Markets rode consistent record highs under Biden. America decided it was tired of winning.

You have said for a while that Bidenomics failed America despite the amazing positive economic numbers that outpaced every other economic covid recovery in the world, and have predicted a crash since Jan 21 2021…
…but have been saying “ The next POTUS will be hit hard with failing economy, thanks to Bidinomics.” for only 6 days now, followed by ridiculous fake economic numbers like a fake loss of 28000 jobs in October when there was an addition of 12000 in reality (still the worst since Trump), and comparing that to pre-pandemic numbers because you need to forget Trump’s entire last year to make his numbers acceptable or superior….Biden only created 12000 this one month, his worst….how many did Trump LOSE in his worst month? He lost around 9 million in 2020, and 3.5 million over his presidency. THE WORST JOBS RECORD IN HISTORY. Even if you forget the over 9 million Trump lost in 2020, Biden still created 2 1/2 times as many jobs in 4 years at 14-16 million to Trump’s just over 6.
Then there’s GDP , which again is no contest unless you forget 2020.
Previously you have claimed only a Trump presidency would avert a recession/depression, and a Biden, then Harris administration was a guaranteed depression and market crash….exactly the same as you said in 2020. Now that he has a second term with full control of all 3 branches of government, you say of course he can’t avert a depression and the economy will do a full 180 from the consistent positive growth numbers under Biden and when he takes over it will crash fast, but it will be Biden’s fault. I’m not surprised even a little. You never once have accepted reality or a whit of responsibility.
Reality is the economy crashed badly under Trump and the debt ballooned, the worst economic crash in our lifetimes by far with most jobs lost and biggest deficit and a million dead, and rebounded under Biden with half the added debt despite being handed the already crashed and sinking fast economy. Now Trump gets a second shot with a healthy economy and numbers trending up, I bet he turns it around again.

It seems you agree, he’s going to tank the currently very healthy economy and put us in a depression, you just want to blame someone else who is not in charge when it happens.

Bwaaahahaha! That’s absolutely not what you said, you said it will be great under the felon, booming all the time, everything will be amazingly better in every way…or crash immediately under Harris (just like you said in 2016 and 2020)….hypocritically hilarious that now you admit he will tank it. 😂

Also hilarious you want zero responsibility despite having 100% control….or it would be hilarious if your party wasn’t led by an infantile fascist with unregulated power and immunity for ignoring the constitution on a vendetta against over half the country.

The Biden economy is the envy of the entire world and far better than the first Trump economy unless you erase all his losses and only count successes. It is growing, not shrinking, manufacturing, gdp, jobs, wages, and earning power are ALL growing, deficit, inflation and interest shrinking..and every other metric is moving in a positive direction under Biden including the deficit. That will not continue under the bankrupter in chief. Hide and watch. He will double the debt and we will have nothing to show for it but another negative gdp.

GDP, stock markets, profits, jobs stupid, infrastructure, all measurably and significantly better under Biden than the felon, all better under Biden even erasing the omnibus disaster that was 2020 under Trump.

I blamed Trump for year 1 of Bidenomics because he kept most Trump policies, just as I will blame Bidenomics for the first 6 months to 1 year of Trumpenomics (depending on what he changes and how fast).

I just gave you the clear undisputed starting point numbers. Just like in 2016. I would bet whatever you want that, again, they will be worse after 4 years, but you Welch on bets so I’ll just make you a gentleman’s bet, those and all other economic numbers (except the personal wealth of the top 1%) will be worse in 4 years.

If he follows through with the mass deportations, that will trigger a depression.
If he kills the ACA with just a concept of a replacement, it will trigger a recession.
If he enacts 20% tariffs on imports, it will trigger a recession, followed by a trade war, followed by a global depression.
If he withholds federal funding from blue states as he has threatened, it will trigger a civil war.
The first tump administration was a slow train wreck (with a few actual train wrecks thrown in), the Biden administration has been a slow cleanup of that wreck…admittedly far too slow. The next 4 years are poised to be an ELE size meteor strike, making us wish for those halcion days of deregulated chemical train wrecks.

Yes. Never bet against the prejudices and stupidity of the average voter. Think how stupid the average person is, then realize fully half are actually stupider than that.

Downvote based purely on the description, which is insanity. Could only make it 30 seconds into this delusional masturbatory fantasy. “Everyone's getting fired across all industries, says Danielle. U.S. recession is here and the housing market is crashing.” She actually said this recession started last October. The economy is falling the economy is falling!…the MAGA mantra since Biden took office and never true.
(Edit…gave it another try only to find out it’s at least in part a commercial for real estate agents from a real estate agency! LOL)

The market is at record highs and rocketing up, unemployment still at (near) record lows, gdp up 3.4% 4th quarter 23, inflation 3% and falling (-.1% in May-June), yearly wage growth 4.7% in April (last #s), manufacturing steadily on the rise, profits are record highs, oil production at record highs and rising, and the 100% guaranteed deep recession/depression we had coming after 2020 was averted.
Even immigration is getting drastically better since Biden sidestepped the obstructionist MAGA congress and acted unilaterally like he should never have to if congress functioned.

The current state of the economy is not good, it’s GREAT!

Compared to the last year of the felon’s administration, 2020, it’s impossibly amazingly stupendous, the Trump administration failed in every way and left the next administration holding the bag…this administration turned the failed economy 180 degrees around to become the envy of the world economically, created more jobs than every Republican president in my lifetime combined (the last guy lost more than anyone ever) created more manufacturing jobs than the last guy lost (and that’s a lot) took a negative gdp to a healthy positive, turned record high unemployment into record low unemployment for a record long time period, saved democracy and NATO in Europe, avoided the guaranteed recession/depression we were headed into in Jan 21, and never sold state secrets or policy for personal or familial gains (despite all the myriad of false never proven claims).
More projection from the party that nearly ended America in 2020, then tried again on Jan 6 21.

“Fined for mishandling the payment “?
She hired a law firm and classified the payment as legal fees. Isn’t that something your side says isn’t a crime? 😂
The dossier was bought and paid for by Republicans, then sold to the Clinton Campaign. I know you hate that fact, but it’s there.

The laptop contents are fantasy, as is the diary. Half truths and pure fiction. Shouldn’t have tampered with it if you wanted anyone to pay attention….not that it would matter anyway, Hunter is nobody.

The economy crashed under the felon, it got better under Biden. Trump can get credit for the first 6-12 months of the next president’s economy which were not good, but absolutely not last 12 which so far are amazing, far better than the last guy’s best year.

Michael Flynn was convicted of treasonous activity and the felon Trump pardoned him because he did the treason for Trump, namely negotiating with Russia in December before his administration started then lying about it to the FBI.

The Biden’s did no such thing and your multiple investigations have found zero evidence of any payoffs nor a single time Biden changed policy to help China, that was Don and Ivanka who were given millions in patents then the next morning changed policy to favor China, then were gifted more million dollar patents. You can’t point to any untoward or even questionable payment after 4 full years of investigations. At best you just refuse to hear the verified explanations and make up crimes.

Trump lost jobs. He left a negative gdp and recession. Shelves went bare under the felon. Over 1 million Americans died due to his policy according to his own CDC. He added more to the debt and deficit in one term than any listed president did in two. The wannabe dictator left the nation more divided than any time since the 1850s and continues to sew division constantly. Trump was worse than any you listed by any measure. You simply deny the facts.

Nice pedophile fantasy you have there, every accusation is an admission, but not smart especially since Trump definitely fucked his daughter and has bragged about it publicly for decades, Barron is definitely her son, the resemblance is there but not with Melania. Trump is on the Epstein list more than anyone else but Maxwell who he still wishes well…know who isn’t? Biden. Trump is an adjudicated rapist with now 40 accusers. Know who isn’t? One has 34 felony convictions…which one was that? 😂

BTW- the first few post debate polls are out…Biden gained a few points after the debate. Enjoy!

😂 You keep claiming you are doing excellent, have become rich raking in all that Tesla cash and DJT earnings…and the skyrocketing value of your Convicted Felon Trump NFTs and golden sneakers. I guess that was all bullshit? 😂

Many are broke because they did work for convicted felon DJT and he stiffed them on the bill, putting them out of business. Some are broke because they gave everything to convicted felon, rapist, and business fraud disgraced convict Trump or invested in him and he gives nothing back EVER. Some are because the 2020-21 Trump recession hurt them badly and they haven’t recovered fully yet. Some because they divested in anything “woke” before realizing they now own nothing but worthless anti woke stocks, some because they went “all in” on Tesla as you suggested right before it crashed and burned, some because they attacked the federal government and their defense is expensive. Companies continuing to reap record profits doesn’t help. Derp.

Most Americans are doing quite well, I am, WAY better than during the Trump slump when my investments made under 5% per year, this year I’m already over 10% growth in under 6 months…sadly some only watch propaganda outlets that hammer in daily that they aren’t doing well, don’t trust economic numbers, your paycheck, jobs numbers, your bank account, the gdp, or your recent purchase history, or $3 gas, just trust them you are poor. Sadly they also don’t grasp that they were infinitely worse off in 2020, your memories were wiped front to back, full wipe, to forget the entire last year of the last administration, forget the negative gdp, the millions of lost jobs, the hundreds of thousands of closing businesses, the empty shelves, the fear mongering, the race riots, the million + deaths, the skyrocketing inflation from outrageous and useless spending sprees (like the PPP free money handout program) ballooning the debt, and have been told to not believe the amazing gdp, 13+ million jobs created, hundreds of thousands of new businesses, plunging inflation, record market numbers, etc.

THIS IS MAGA REALITY….


Also “We are here in Sunset Park to worship the greatest president in U.S. history.” Convicted felon Trump’s introduction at his cult meeting….i mean political rally.

10th criminal contempt conviction comes with a warning that #11 will be jail time, as will #12-200.
Yes, Trump has been convicted of 10 serious crimes this week, and his release conditions say ANY crime should have his release from the other 3 cases revoked. Most defendants would have gone to jail after the first hearing and conviction, not Diaper Don.
Most defendants get one contempt charge before jail even when they haven’t violated other release orders.
More biased judges…but all biased in Trumps favor giving him special kid glove treatment that any other defendant would not enjoy. Blows the lie that the courts are being unfair to Trump out of the water for those who don’t have water on their brains like yourself…his special treatment has all been to his benefit not his detriment, never getting it worse than an average citizen would get at best, not once. I’m sure it won’t change your brain cell. It must be so lonely.

This weekend he spent whining and throwing a public tantrum to a room full of donors saying that he would rather be at the wedding next door because those people paid him, don’t expect any photos with him they didn’t give him enough money.
Why is a multi billionaire so apoplectic that people aren’t giving him money? He can fund his own campaign using the money he claimed to have ready but didn’t spend in 2016 or 2020, can’t he? Or ask his billionaire son in law. Oh wait…they could barely make a down payment on his judgements against him and he’s claiming poverty now, that’s right, I forgot. 😂

He’s freaking out to find himself losing in most new polls by well over the margin of error and he hasn’t even been convicted of secretly paying for sex repeatedly while married and with a mistress yet, committing business and tax fraud in the coverup, but the secrets are being aired, the others in the room are finally telling the truth now that they’re under oath.

Er-mer gerd! The defense has asked for another adjournment/delay because they are not prepared to question the Trump Org Controller…a long time Trump employee on the witness list. He has the notes confirming the fraud to hide the payment to Daniels, the extra payments to pay Cohen’s taxes since he falsely called it income, basically the entire business record fraud scheme on paper written at the time by those involved and kept hidden in a safe to ensure no one found out. He also proved that only Trump could have personally made the payment from the account it came from, only he had access to it. (If you don’t know, his latest story is Cohen paid Daniels on his own without Trump’s knowledge, and that Trump only paid her off to protect Melania not to protect his election chances so not election interference…too dumb to realize they’re contradictory positions that have both been debunked in court with corroborating evidence already.).
Despite knowing years ago what he would testify to, the defense doesn’t know what to ask him or how to deny the records and is begging for a recess to figure it out. This is the non-defense they’re putting on? The delay was denied, so they will be questioning him unprepared. Not good….for Chump. 😂

Oh, sorry….i must have imagined all that because as you know, I’m not following the felony trials (and tribulations) of the disgraced cheater, rapist, dog hater, and multiple convicted fraud ex president/candidate. Absolutely do not google any of the information I gave you.

Oh…Trump’s failed VP pick is just falling apart, not just over her penchant for murdering puppies but also lying about her credentials and history in her book SHE WROTE and blaming others claiming she didn’t know these lies were added but she herself read the audio version before release and read those lies aloud herself…but takes no responsibility for them being in her autobiography. 😂 This was going to be our president when Trump and company gets their blanket pardons and he leaves office? What if she was a liberal? Should we be electing viscous lying zealots like her?

STILL WAITING!

Triggered much?! 😂
I get why. Your reality is crashing down, your savior is going to prison, the economy is BOOMING, we are the envy of the entire Western world again after losing that title under Chump, and the plans to sell America’s assets to the highest bidder are failing.
The plan to become a fascist, Christian, white, male dominated nation is failing. Women and minorities are going to vote you out of power and rightly so, your plans to strip their rights are coming back to haunt you. Do you even know how you’ve been doing in early elections so far? Enjoy, suckers! 😂

Btw- your time was wasted, I don’t bother with your idiotic propaganda videos unless I’m looking to laugh at stupid people being moronic, not one in 15 years was honest, they’re just morons like Mensa member Joe Rogan being utterly moronic trying to think (and failing) and/or regurgitating the party lie, pretending the economy is crashing when it’s the best in the world and the best it’s been in over 50 years, just lying about anything and everything because reality isn’t good for you…you’re so delusional you don’t or so dishonest you won’t see it but we all do.

Bidenomics is the envy of the world, friendo. Going from the worst economy in our history with negative gdp and record high unemployment (Trump LOST jobs) to the longest low unemployment period and fastest growing gdp in our history. If Trump had had Biden’s economic record there would be tens of trillions more in the treasury today. If Biden had continued Trump’s economic record we would have defaulted on our debts and be a bankrupt nation without international credit today. If Trump had continued Trump’s economic record we would have sold Alaska back to Russia (who with China would be the only economic super powers left) and have Puerto Rico on the market just to keep the lights on. We were near a depression in 2020 with 100% of economists predicting at least a severe recession in 21…didn’t happen and we are in a serious long term boom in 2024.

STILL WAITING Bawby. It’s looking like those little BBs won’t ever drop, and you’ll never become a man. I wish I could say I’m surprised, but I would have to ignore who you are to be surprised. I’m actually STILL WAITING for the charges coming against Clinton, something you insisted would happen shortly in 2016 but could never say for what, then couldn’t discuss at all when no charges ever came. Just one of dozens of cases when you assert something salacious with zero evidence then go silent when pressed for details or follow-up because you are a coward that hides from his (constant) mistakes and can never admit he was tricked (even though it’s a constant). A baby boy. A total joke. 😂

Still 3.8% unemployment, sucker. 4 years ago it was nearly 15%! Choke on it. (Like over a million Americans choked on their last breath thanks to Trump’s mismanagement.)

Month after month after month after month of exceeding predicted jobs GROWTH you moron. Often by double.
That includes lost jobs and new jobs.
Wages are RISING much faster than inflation. Not only are jobs plentiful, at historical low unemployment for a record time, but earnings are higher…the new jobs pay more than the lost jobs.

Eat it. The economy is going gangbusters, so fast and hard the fed won’t lower interest. We recovered at double the rate of other nations. In March we ADDED OVER 300000 MORE JOBS that average better pay, same in Jan, Feb, and probably April. Those alleged 200000 didn’t even register, even with the lost jobs counted the jobs numbers are consistently near double expectations!

Really? Where do you get those insane numbers? Not the department of labor. Probably Trump, who would have simply made them up.

The labor market continues to be stiff and hard like a teenager on viagra at a strip club. The recovery is wide, long, and veiny. I know that sucks for Trump who is clear he wants a recession to help his poll numbers. Maybe you don’t see it because you’re invested in stupidity like Tesla and Trump Media. 😂

STILL WAITING! 😂

😂 even Murdoch publications like Wall Street Journal call the US economy “the envy of the world expected to keep powering higher” and the IMF reports the US economy is growing at double the rate of G7 nation averages, violent crime and murders are down by double digits, unemployment is down by double digits.
Going back to where Trump left off, 2020, returns us to the worst year in living history with the highest violent crime and murder rates and worst economy and biggest deficit ever from the greatest recovery in US history or the world.

Don took a boom and created a recession/depression. Biden took a recession and created a major boom. Maga is a clown show that keeps pretending they’re not the ones throwing pies.

You are incapable of accepting reality because of your cult status that demands you take Don Poorleon’s dishonest self serving word over any obvious indisputable fact.

PS- Still waiting little boy.

To my “the fool”-
Again you lie. Point to when I ever said that you fucktard. I have ALWAYS said deficit matters, so does intelligent spending, so does overall debt, so does our national credit rating. All went to shit faster than ever before or since under your dementia riddled crime boss.

Your brain is mush. You just make up nonsense constantly, then contradict yourself.
It was you who said for 4 years that deficits don’t matter while your idiot ran up the deficit and debt faster than ever before and I shouted daily that he was bankrupting the nation and not getting anything for it, at least Biden invested his spending in America, didn’t waste it on useless trade wars, tax breaks for the ultra rich (that didn’t trickle down or stimulate the economy) and PPP handout loans to business “owners” (that didn’t have to be repaid and were ripe with fraud because there were no standards, no vetting, because it was in fact designed to be easy to defraud and was the most fraudulent assistance program in history) and other ego driven stupidity that gained nothing, all this at America’s expense with no benifits.

I have never once said anything nearly so stupid. You have often. Let me ask (for you to ignore the question because you hate the answer)…who had the last balanced budget…who last paid down the debt? Hint- it rhymes with Minton. Which party presided over the last 3 major recessions? Hint- they all wear red ties.

You denied spending mattered when it was out of control under maga leadership, you have absolutely not been saying this all along you liar. When I said starting in early 2020 that Trump’s out of control spending spree and crashed economy in 2020 would result in high inflation… you denied it was related, then blamed Biden when the predicted inflation spike hit.

Government needs to spend wisely, not for ego and spite like Trump spent. Biden spent a lot, but it revived the economy much faster than any other Western nation after Covid and improved GDP significantly….after Trump’s Covid response was the worst in any Western nation by far making killing Americans at 5 times the percapita average worldwide and turning our GDP to a negative for the first time in history in peace time.

The Republicans have blocked a balanced budget for decades, but we do have a budget, moron. Their obstruction, trying to shut down the government out of spite has lowered our credit rating costing billions or trillions for absolutely no gains.

Maga would prefer no government at all and is actively working against the government functioning, but these idiots can’t see past their “freedom” (freedom to be horrifically evil, racist, uncivil, and inhumane) to understand that we would become Russia or China in a week, and their little home protection guns and fake “militia” clubs won’t kill a single soldier in the invasion.

Still waiting you ballless wonder. Such a whining little cowardly infant…DJ really turned you into a petty, uneducated, idiotic pansy boy. Must be all that fantasizing about sucking the mushroom tip. It’s hilarious your insecurity forces you to keep displaying your insecurity publicly, incapable of admitting you’ve ever been w-w-w-wrong (despite your never actually being right, especially when it comes to speaking English) because you’re so insecure you are certain that if you admitted you made a mistake no one will love you. 😂

And more great Bidenomics news. Jobs double expectations, unemployment didn’t go up, stock markets hitting record highs, great gdp numbers, no recession, low and dropping inflation, waiting for the crash Trump hopes for isn’t making it happen.
Ready to admit you were W-W-W-W-W-Wrong on that one? You’ve been saying “just give it time” for a year now, didn’t collapse. 😂

But I get it, admitting your mistakes is hard…if you’re insecure.

More economic news proving Bidenomics has been great for America. GDP beat all expectations. Unemployment remains at record lows. Inflation is still below 3.5%. Wage growth is above 4.6% (5.1% last year). Stock markets are hitting record high after record highs. The guaranteed recession and likely long term depression forecast for 2022-2023 was avoided completely.
I’m still waiting to hear something that’s not great, and I don’t mean complaining about 2021’s high inflation.

The economy doing great is terrible for Trump, that’s why he’s repeatedly said he hopes our economy crashes and we slide into a depression so maybe he could finally get more votes than his opponent (something that has never once happened in his lifetime).

😂
Trump has a new defense….he didn’t declassify the documents he stole but that’s fine, because he still has full top secret clearance and once Mar a Lago was a temporary SCIF (with now removed security measures and personnel), so leaving the top secret classified state secrets in ballrooms and hallways open to the public, photographed by the public, is a nothingburger. The problem, 1) he does NOT still have presidential level clearance, he lost it on Jan 20 and 2) the temporary SCIF designation was dissolved well before 2020. Might work with Cannon, his lackey, but will fall flat on appeal.
His only lawyer is happy to say she’s glad she’s pretty instead of smart because she’s so dumb she thinks she can fake being smart, but she can’t. Not good when your lawyer stands up in court and says “Your Honor, I don’t know how to try this case.” Her objections are nonsensical, not on topic, and have already annoyed the judge, on cross she just started reading tweets that had not been entered as evidence, and when asked what she was doing she answered “I’m trying to get it in.” (but Trump was too small to find under his gut) at which point the judge recessed the case so Trump’s lawyer could remind herself of how to enter evidence in a court, because she has no idea how courts work! After the recess she did the exact same thing, then begged the judge “well, what do I do?” And he had to stop the trial and explain the procedure for presenting evidence in a court to Trump’s legal team…BECAUSE THEY HAD NO IDEA HOW! THEN SHE DID IT AGAIN…JUST STARTED READING A TRANSCRPIT NOT IN EVIDENCE! He is livid at this lack of competence, decorum, knowledge, and intelligence coming from the entire defense side, not smart to make the judge an enemy….and it doesn’t create an automatic appeal just because you made the judge dislike you. Imagine if that was all it takes.
She’s going to be disbarred, but she got the fame she was after and her legal career was non existent before Trump so she won’t care…but will try to make you care enough to send her cash. You probably will. 😂

“We’re going to stop banks and regulators from trying to debank you from your, you know, your your political beliefs is what they do…they want to debank you and we’re going to debank think of this, they want to take away your rights, they want to take away your country the things they’re doing all electric cars, give me a break if you want an electric car good but they don’t go far they’re very expensive.” -Trump

Can you tell me what he said? What was the topic of that run on sentence? What is debanking? Why is it ok for you to debank but not ok for banks to debank? Shouldn’t they be the ones with the most right to debank? Can you convince yourself that is a functioning brain stringing those words together and not one ravaged by the late stage syphilis he obviously has?
What?