Economics Thread

[thethe]

https://www.nytimes.com/2019/08/09/b...8E8zCSfz9i9des

Long game - These people will run away after UK makes bilateral trade deals with other major economies.

Expect the US/UK to sign a massive deal in the next year.

[Krgrecw]

Long game - These people will run away after UK makes bilateral trade deals with other major economies.

Expect the US/UK to sign a massive deal in the next year.

The EU will fall if the Uk comes out of Brexit relatively unscathed. Rightfflly so.

[cajunrevenge]

So funny to hear people praise Obama for job growth after a major recession. No grasp of economic cycles trying to speak to performance. Comical.

Right. I remember when the recession hit and everyone, especially the right, was saying there's no need to panic. These things go in cycles. It will just be a small blip on the radar then nothing but good times ahead.

[57Brave]

John Harwood
@JohnJHarwood
·
14h
if you like to keep score, here's the change in Dow Jones Industrial Average from Inauguration Day to Aug 12 of their 3rd year in the White House:

GHWB: +34.2%
Clinton: +42.4%
GWB: -11.9%
Obama: +41.7%
Trump: +30.1%

[sturg33]

How many times does this point need to be dismissed as irellevant before you stop thinking it is smart

[nsacpi]

42% of women's and girl's clothing and 26% of men's and boy's come from China. Hope all the parents out there accelerate their back to school shopping before it gets more expensive. And the soybean farmers find some new markets to sell to.

[sturg33]

42% of women's and girl's clothing and 26% of men's and boy's come from China. Hope all the parents out there accelerate their back to school shopping before it gets more expensive. And the soybean farmers find some new markets to sell to.

Luckily all of Trumps opposition supports higher taxes

[nsacpi]

Luckily all of Trumps opposition supports higher taxes

what can I say, he is a man of the people who is doing his best to unite the country

[nsacpi]

The White House on Tuesday said it would delay imposing tariffs on Chinese imports of cellphones, laptop computers, video game consoles, and certain types of footwear and clothing until Dec. 15, significantly later than the Sept. 1 deadline President Trump had repeatedly threatened.

The announcement, which came from the Office of the U.S. Trade Representative, likely ensures that Apple products and other major consumer goods would be shielded from the import tax until at least December, potentially keeping costs on these products down during the holiday shopping season.

https://www.washingtonpost.com/busin...f08_story.html

Glad to see this. Ordinary people don't need to be paying more based upon a poor understanding of the causes and implications of the U.S. trade deficit and the bilateral deficit with China.

[57Brave]

How many times does this point need to be dismissed as irellevant before you stop thinking it is smart

Funny how metrics that counter your assertions are to be -by your standard -dismissed as irrelevant.

[sturg33]

[57Brave]

honest question, how much are we now spending ?

I read a Fortune article that estimated $3.75T for 2018
is that an accurate figure ?

https://fortune.com/2019/02/21/us-health-care-costs-2/

[sturg33]

Funny how metrics that counter your assertions are to be -by your standard -dismissed as irrelevant.

Once again, to compare a post recession with 0% interest rates to a peak employment period with rising interest rates is insanity. But maybe a more objective analysis would be looking at the market cap gained.

Care to take a shot?

[57Brave]

i can move statistics and definitions/conditions of statistics to show Folty had a good game Sunday.
Reality says otherwise.
The numbers say what the numbers say
We could take the same set of stats under your conditions to make the point Trump inherited a growing economy and has under performed
I dont view either as all that smart or otherwise, just a sign post.

the rest an interpretation based on personal bias

[sturg33]

You are clueless with anything that deals with numbers

[57Brave]

and how is your interpretation not clouded/muddied by your bias ?

The numbers are crystal clear
if you like to keep score, here's the change in Dow Jones Industrial Average from Inauguration Day to Aug 12 of their 3rd year in the White House:

GHWB: +34.2%
Clinton: +42.4%
GWB: -11.9%
Obama: +41.7%
Trump: +30.1%

The context of the numbers is crystal clear
no more no less

If you would like to add further context, feel free. But please explain and, show your math
I'm listening

[sturg33]

I did.

But you dont understand math

[57Brave]

math is not your point ---

[nsacpi]

The OECD is a good place to start if you are looking for data on health care spending.

Here is a little blurb I found at their website.

WHAT’S NEW - LATEST TRENDS IN OECD HEALTH SPENDING

OECD spending on health care grew by an average of 1.8% in 2017 - a marked decrease from the 3.5% growth observed in 2015 and 2016 and significantly below the rates experienced before the crisis. Preliminary OECD estimates for 2018 point to growth having picked up to around 2.5% in 2018.

Health spending as a share of GDP was 8.8%, on average, in 2017 - the same level since 2013 as overall growth in health spending has closely followed overall economic growth. The share of GDP is expected to have stayed at 8.8% in 2018. At 17.1% of GDP, health spending in 2017 was highest in the United States, and significantly more than Switzerland (12.3%) and France (11.3%), the second and third highest spenders. At the other end of the scale, Turkey (4.2%), Luxembourg (5.4%) and Mexico (5.4%) were the lowest spenders in terms of share of GDP.

In per capita terms, health spending in 2017 is estimated to have reached USD 3 854 (adjusted for differences in price levels) on average across the OECD. In the United States, the average spend per person at USD 10 206 was more than double the OECD average. Per capita spending was also significantly above the OECD average in Switzerland (USD 7 147) and Norway (USD 6 064).

Around three-quarters of health spending on average in OECD countries is paid through government or compulsory insurance arrangements, with around 20% of health spending covered by user fees and out-of-pocket payments. The direct financial burden on households can have implications on access to care and financial protection.

https://www.oecd.org/els/health-syst...xpenditure.htm

There is more for those interested in poking around and finding the information.

[acesfull86]

Is there a significance to “Aug 12th of 3rd year of 1st term” that I’m not aware of?