You do realize our GDP hasn't significantly risen under Trump correct? 2017 was 2.2%, 2018 was 2.9% so far this year is staying in line with those.Originally Posted by thethe
ooking at 2017 which is the newest data I have from World Bank.
USA 2.2
Canada 3.0
Germany 2.1
France 2.1
Japan 1.7
Anyway, that's of course just one metric. The USA is doing fine. But what I want to know is why would it be bad to eminate Germany or Canada? What if we had a growing economy and! healthcare.
Stockholm, more densely populated than NYC - sturg
2.2 to 2.9 is very significant
Germany plummeted to 1.4 and canada to 1.8 while the US grew substantially
France came in at 1.5.
So something right is happening in the US
It is but it's all basically in line with our GDP since 2010. Now if Trump has us back to Clinton era 4.5+% I'd believe you.
Stockholm, more densely populated than NYC - sturg
Or there's minor market fluctuations that effected them first then they will be better other years.
Stockholm, more densely populated than NYC - sturg
We were told this type of growth was not possible and yet here we are with no signals of a recession.
Clinton economy was the dot com bubble which you aware of. Not sure how much policy implemented had anything to do with that.
Clinton Economy was on a bubble, as is Trump's as was Obama's. But the question is can the bubble be softened. I mean I could point to growth under FDR, Kennedy, Johnson, so on so forth.
Stockholm, more densely populated than NYC - sturg
Yes and those democrats are not rhe democrats of today so bringing their economies up would be irrelevant.
Whats Trumps bubble? Low tax rates? Low regulation? Protection of American workers?
Right now it's the loan debt bubble. SImilar to the housing bubble at some point those loans will default leading to a big old economic scare. Our own federal debt bubble. Also we were on a rising housing market that the seems to now be crashing out. We have a large issue of unfunded state pensions. Healthcare spending is through the roof, at some point that will bottom out. ALso consider that 2018 was the most volatile year for the stock market since 2009 which means we could be vulnerable for another crisis.
Stockholm, more densely populated than NYC - sturg
Housing prices are still increasing - the rate of increase is slowing.
We have been on a federal debt bubble for 2 decades now. Not sure why its soley contributing to this economy.
The uptick is based on pro business policies. Not sure why you cant admit that.
Except that the issue is the GDP to debt ratio. Until Obama and Trump we were consistently under 60%. Under Trump in 2018 we are at about 104% debt to GDP. At some point that will be a huge issue. It's at levels higher than ever and Trump has only grown the debt more and more.
Stockholm, more densely populated than NYC - sturg
Are you making the argument that the devt levels are prompting the increase in GDP?
What I'm saying is that there's a heavy risk to our economic stability if our economic growth doesn't outpace our debt growth.
Stockholm, more densely populated than NYC - sturg
Of course there is but you said this economy is based on a debt bubble. Its semantics but the gdp performance is not due to debt levels
It's one of a few bubbles going on right now. I'm more concerned about the Student Loan debt bubble myself. I think we could have another subprime type of issue.
Stockholm, more densely populated than NYC - sturg
How on earth is the student loan debt bubble fueling the economy?
Artificial spending and job creation. I would go into the full aspect of it. But basically when people aren't making enough money to pay down their student loan debt, there's a huge risk for big money loss.
Stockholm, more densely populated than NYC - sturg
Federal deficit went from 580 billion in 2016 to 985 billion in 2018. By blowing a 400 billion hole in federal finances we got growth to go up from 2.2 to 2.9. That's a nifty trick. Do it again? What's 400 billion between friends.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
So you think the deficit is whats fueling an economic revival?
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