Economics Thread

chop2chip said:
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This is very real. We have a nice house, nothing crazy 3 BR 2 bath 1/3ish acre on a nice side street. Not the best neighborhood in the sense the trailerpark is within walking distance but a classic working class neighborhood. Our house was pretty fully (and kind of poorly) renovated before we bought it, we dumped a chunk of change into some improvements, we bought our house in 2016 I think maybe it was 2015. It was 130K. Our neighbor is selling their house, which as far as I can tell they haven't put any significant cost into improving in the near decade we've lived here, no new roof, no new garage/shed, driveway in disrepair, landscaping in disrepair, etc. they have less land (about a 1/5th of an acre) and have a smaller house and the issue of a shared driveway and what right of way shit is involved with that. They're trying to sell their house and asking 240K and the house is very very rough and ready needing new paint, new carpet, etc. which means without taking time or effort to fix our house we can probably sell it for 280K meaning our house value more than doubled in about a decade. While housing prices have doubled since then, household income has only increased by about 40%.
 
sturg33 said:
I suppose assets must be valued much less then, right?
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Haha

There’s probably a lot of folks who are less well off than they think. It’s one thing to be price sensitive. It’s entirely another to realize “making $100k was like making $60k 5 years ago”.
 
Ehh. Pharmaceutical corporations are mostly international anyway. With the state of the world I would rather have my meds made here than in east Asia now, or whatever hell Europe is on its way to being in a generation.
 
thethe said:
Again - China has made inroads to diversify their supply chain for their national interests. You’re admonishing US policy for attempting to do the same against China.
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We’ve been stacking so many dubs lately. It’s important to ground ourselves with those pesky externalities.
 
thethe said:
Again - China has made inroads to diversify their supply chain for their national interests. You’re admonishing US policy for attempting to do the same against China.
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You act like this isn’t something that can be seen chronologically, though. If US beef suppliers had a market in China prior to March and don’t now, that’s still something to consider when evaluating the effectiveness of starting a trade war with China.
 
Lukewarm take, the 2019 economy was good, but it was nothing that was drop dead amazing. It was slowing down a little.

Your likely case in a world with no COVID is that Trump does get reelected, but he doesn't get the House back in his favor, and you end the Trump era with 6 straight years of gridlock.

Honestly, COVID may well turn out to be the best thing ever for if you're wanting to see a right wing populist agenda to be fully installed in the US. If there's a recession, it'll be mild and will likely be next year probably, recovered from by 2027-2028, and my dad was a little kid the last time Dems won a general without some kind of recession...
 
Markets love the government shutting down and letting Trump run wild.

Why even open the governemtn at this rate until the left comes crawling on their hands and knees?
 
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