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Thread: Economics Thread

  1. #861
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    Quote Originally Posted by thethe View Post
    Economies arent bound for a downturn. They go in cycles becaude they are triggered by an event. What weakness exists currently that will crash?

    There is no dot.com or housing bubble ready to burst.

    Trump not getting re-elected?

  2. #862
    Shift Leader thethe's Avatar
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    Quote Originally Posted by Krgrecw View Post
    Trump not getting re-elected?
    One of these socialists would crush the economy.
    Warm feelings guy!

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    I <3 Ron Paul + gilesfan sturg33's Avatar
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    Quote Originally Posted by thethe View Post
    Economies arent bound for a downturn. They go in cycles becaude they are triggered by an event. What weakness exists currently that will crash?

    There is no dot.com or housing bubble ready to burst.
    Easy money cycle

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    Quote Originally Posted by sturg33 View Post
    Easy money cycle
    This has been escalating for decades though.

    Only thing on the horizon is unfunded pension obligations. Thats the real scare.
    Warm feelings guy!

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    Quote Originally Posted by thethe View Post
    This has been escalating for decades though.

    Only thing on the horizon is unfunded pension obligations. Thats the real scare.
    Asset prices have gotten way out of hand in relation to GDP... all fueled by easy money bubble that is bound to pop.

    Will be worse than housing. Not trumps fault. Not Obama's fault. But its gonna happen and it will be ugly.

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    No.


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    Weird to see no talk of the market rebound

  8. #868
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    Quote Originally Posted by thethe View Post
    Weird to see no talk of the market rebound
    Rebound? Arenít we going through a recession? I read all about it on here last week

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  10. The Following User Says Thank You to thethe For This Useful Post:

    Jaw (08-21-2019)

  11. #870
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    Quote Originally Posted by thethe View Post
    That's good news and it's great to see some results from the tariffs.
    I was disappointed to see Trump's comments on his talk with Tim Cook a few days ago, saying that changes may have to be made because the tariffs hurt Apple in their competition with Samsung due to Samsung manufacturing in South Korea. I had hoped he at least understood that it's a goal to discourage manufacturing in China for export to the US.
    Last edited by Jaw; 08-21-2019 at 07:13 AM.
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    The reconfiguration of the supply chain was always the #1 priority. We simply cant function relying on one nation as much as we do with china.

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    A lot of retailers reporting earnings beats. This means that consumers are spending even more than expected.

    How is this happening? Wage growth and tax cuts.

    Those rooting for a recession are going to be very dissapointed.

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    Growth is slowing. There is no denying that.

    The tax increases disguised as tariffs are a negative

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    Not sure how it’s good news that business are going somewhere more expensive to manufacture while they try to pass on the costs to Americans consumers

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    Quote Originally Posted by acesfull86 View Post
    Not sure how itís good news that business are going somewhere more expensive to manufacture while they try to pass on the costs to Americans consumers
    Because China will be losing power.

    What are some products that have increased in price to consumers?
    Warm feelings guy!

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    Found this from a couple of months ago from Goldman Sachs.

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    Expects Yuge Games nsacpi's Avatar
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    A summary of the effects of the Trump tariffs.

    https://reason.com/2019/03/05/trumps...economy-14-bi/

    It has a link to a more technical paper by a group of economists that has a lot more detail.
    ďIt's a shame the White House has become an adult day care center. Someone obviously missed their shift this morning.Ē Senator Bob Corker

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    Quote Originally Posted by acesfull86 View Post
    Not sure how it’s good news that business are going somewhere more expensive to manufacture while they try to pass on the costs to Americans consumers
    I'm assured it isn't, and that economic theory always shows free trade to be the best trade. Along with ignoring things like unethical labor conditions and ecological impact, this also ignores the distribution of monetary resources.
    The shareholders will undoubtedly make more in the free trade environment. The employees that go from working in the sevice industry to working in manufacturing will do better in the tariffed environment. I don't know how the correlation between the decline of the middle class and the rise of free trade can be dismissed as coincidental.
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    Quote Originally Posted by Jaw View Post
    I'm assured it isn't, and that economic theory always shows free trade to be the best trade. Along with ignoring things like unethical labor conditions and ecological impact, this also ignores the distribution of monetary resources.
    The shareholders will undoubtedly make more in the free trade environment. The employees that go from working in the sevice industry to working in manufacturing will do better in the tariffed environment. I don't know how the correlation between the decline of the middle class and the rise of free trade can be dismissed as coincidental.
    The middle class hasn't declined. It's gotten richer

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    Quote Originally Posted by sturg33 View Post
    The middle class hasn't declined. It's gotten richer
    Not in comparison to the upper class, which is the only realistic way to measure it.
    I could've been six feet under
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    Yeah I should be in that fire
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