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Thread: Economics Thread

  1. #641
    It's OVER 5,000! cajunrevenge's Avatar
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    Yeah, I am sure the mega corporations like McDonalds will be fine. It's the small businesses that will go under. Like the one AoC worked at.


    If you really want to see what Democrats version of America looks like economically look at France. Absolute **** show over there. They have everything American liberal dream of and they are still protesting. They should be protesting against themselves for voting for that crap in the first place but voters never blame themselves for voting for bad policies.
    "State power feeds on crisis and enemies"

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  2. #642
    It's OVER 5,000! 57Brave's Avatar
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    Abdul El-Sayed
    ‏Verified account @AbdulElSayed
    11h11 hours ago

    $1,560,000,000,000.

    1.56 trillion dollars. That's the total student

    loan debt in the United States.

    We have a crisis on our hand — and predatory loan

    companies are profiting off of it. We need bold ideas:

    we need free college for all.
    “Reject the logic that says someone else’s gain necessitates my loss, and that my gain must come at the cost of another person.”

  3. #643
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    Quote Originally Posted by 57Brave View Post
    Abdul El-Sayed
    ‏Verified account @AbdulElSayed
    11h11 hours ago

    $1,560,000,000,000.

    1.56 trillion dollars. That's the total student

    loan debt in the United States.

    We have a crisis on our hand — and predatory loan

    companies are profiting off of it. We need bold ideas:

    we need free college for all.
    Why would you imagine we have this much debt?

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  5. #644
    **NOT ACTUALLY RACIST
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    Quote Originally Posted by 57Brave View Post
    Abdul El-Sayed
    ‏Verified account @AbdulElSayed
    11h11 hours ago

    $1,560,000,000,000.

    1.56 trillion dollars. That's the total student

    loan debt in the United States.

    We have a crisis on our hand — and predatory loan

    companies are profiting off of it. We need bold ideas:

    we need free college for all.
    Would do you think would happen if college was free?

  6. #645
    It's OVER 5,000! Runnin's Avatar
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    Will Trump Trade the Future for a Hill of Beans?

    The outlines of a potential trade deal with China suggest President Trump once again is prioritizing superficial gains over America’s long-term economic interests.

    It’s easy to sell soybeans to China. The Chinese are voracious consumers of the world’s raw materials. Until 2018, shiploads of soybeans from the American Midwest streamed to the processing plants that dot the Chinese coast. So there is no reason to applaud the news that the Chinese government has offered to guarantee large purchases of American soybeans as part of a potential trade deal with the United States that the Trump administration is pushing to complete by late March or early April.

    Instead, it is a worrying sign that the administration may settle for an ephemeral victory at the expense of America’s long-term economic interests.
    FF - BB, BB, 2B, HR, 2B, HR, 1B, BB, BB, 1B, BB, BB, HR

  7. #646
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    Quote Originally Posted by 57Brave View Post
    Abdul El-Sayed
    ‏Verified account @AbdulElSayed
    11h11 hours ago

    $1,560,000,000,000.

    1.56 trillion dollars. That's the total student

    loan debt in the United States.

    We have a crisis on our hand — and predatory loan

    companies are profiting off of it. We need bold ideas:

    we need free college for all.
    People just need to be smarter and realize that college for the most part is a scam.

  8. #647
    Expects Yuge Games nsacpi's Avatar
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    Quote Originally Posted by thewupk View Post
    People just need to be smarter and realize that college for the most part is a scam.
    the education system has been captured by its stakeholders and largely functions in their interests, which not infrequently diverge from the interests of the students
    “It's a shame the White House has become an adult day care center. Someone obviously missed their shift this morning.” Senator Bob Corker

  9. #648
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  10. #649
    A Chip Off the Old Rock Julio3000's Avatar
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    I would like someone to walk me through how that would work.

  11. #650
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    Quote Originally Posted by nsacpi View Post
    the education system has been captured by its stakeholders and largely functions in their interests, which not infrequently diverge from the interests of the students
    The textbook industry has essentially destroyed the second hand market. They require you to buy a code to even participate in the class. And some teachers who have tried to go around this by printing their own textbooks have gotten in trouble by the uni's.
    Forever Fredi


  12. #651
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    https://markets.businessinsider.com/...rce=reddit.com




    Marijuana is the fastest growing industry adding 65k jobs in 2018. 300k people in total are now full time employees for marijuana companies. No doubt thanks to Trump....
    "State power feeds on crisis and enemies"

    John T. Flynn 1944

  13. #652
    Arbitration Eligible
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    Heather Long

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    The key takeaway today: The Fed is getting more worried about the economy.

    -It sees 2.1% GDP in 2019 and 1.9% in 2020
    -It is now planning ZERO rate hikes in 2019
    -It did exactly what market wanted on balance sheet (i.e. stopping in September and slowing in May)
    "You show your bias against me with your consistently negative reaction to my brazen lies."

  14. #653
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    Fed has been making this mistake for 10 years.

    Doesn't let the market set the rates... Creating a bubble for a disaster down the road

  15. #654
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    John Harwood
    ‏Verified account @JohnJHarwood

    BLOOMBERG NEWS: “The U.S. posted its biggest monthly budget deficit on record last month, amid a 20% drop in corporate tax revenue and a boost in spending so far this fiscal year.”
    “Reject the logic that says someone else’s gain necessitates my loss, and that my gain must come at the cost of another person.”

  16. #655
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    Quote Originally Posted by 57Brave View Post
    John Harwood
    ‏Verified account @JohnJHarwood

    BLOOMBERG NEWS: “The U.S. posted its biggest monthly budget deficit on record last month, amid a 20% drop in corporate tax revenue and a boost in spending so far this fiscal year.”
    Tax receipts down 1%

    Spending up 38%

    Tell me which is the problem

  17. #656
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    The Treasury data show tax receipts declined for both corporations and individuals in the five-month period, while revenue from customs duties almost doubled, boosted by income from tariffs imposed by the Trump administration.

    The 2017 tax law slashed the corporate tax rate from 35 percent to 21 percent.

    Corporations have so far this fiscal year paid $59.2 billion, compared to $73.5 billion at the point in 2018, when the tax law was only partially in effect for some corporations. In 2017, however, the year before the law was enacted, corporations had paid $87.4 billion at this point in the year.



    https://www.bloomberg.com/news/artic...rd-in-february
    .............................

    and your suggestions for "getting spending under control
    I dont see where spending went up 38%.
    That seems a huge spike for a 5 month period
    .................................................. .......


    I dont know nor will I pretend to know which is the problem.
    All I know is people were assured this wouldn't happen
    “Reject the logic that says someone else’s gain necessitates my loss, and that my gain must come at the cost of another person.”

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