Economics Thread

mqt said:
After 12 years of Trump and Biden I’d frankly just be okay with someone *competently* destroying the economy.
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Trump willl just continue what he did in his first term. Actually make the lives better for the non laptop class. Figured you’d be for that.
 
thethe said:
Trump willl just continue what he did in his first term. Actually make the lives better for the non laptop class. Figured you’d be for that.
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I don’t think you even remotely understand how much that class depends on goods not being more expensive.
 
thethe said:
Trump willl just continue what he did in his first term. Actually make the lives better for the non laptop class. Figured you’d be for that.
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Can’t he serve both?

Someone has to pay for my air conditioner and afternoon coffee after all.
 
Thethe, people are having to put off retirement so that we can take textile manufacturing back from China.
 
mqt said:
I don’t think you even remotely understand how much that class depends on goods not being more expensive.
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More than offset by reduced energy costs / tax refunds / yuan devaluation.

Not sure what you think happened before the ccp virus but non laptop class was doing great under trump. Yeah - that was with increased tariffs on China.
 
mqt said:
Thethe, people are having to put off retirement so that we can take textile manufacturing back from China.
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Hahahah - ok.

If you haven’t rebalanced hiur 401k as you get into age buckets then you need more help and I doubt you have anything material there without knowing to do this.
 
thethe said:
More than offset by reduced energy costs / tax refunds / yuan devaluation.

Not sure what you think happened before the ccp virus but non laptop class was doing great under trump. Yeah - that was with increased tariffs on China.
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Tax relief for the lower brackets isn’t really coming yet, and I dare you to ask your local grocery store cashier how the devaluation of the yuan has impacted her today.
 
mqt said:
Tax relief for the lower brackets isn’t really coming yet, and I dare you to ask your local grocery store cashier how the devaluation of the yuan has impacted her today.
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how has the cashier been negatively impacted by anything so far?
 
thethe said:
Hahahah - ok.

If you haven’t rebalanced hiur 401k as you get into age buckets then you need more help and I doubt you have anything material there without knowing to do this.
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The people who need more help and don’t have anything material need to retire too.
 
mqt said:
The people who need more help and don’t have anything material need to retire too.
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Good thing they are getting reduced energy costs and with the yuan tanking goods won’t cost much more than current levels.
 
Nobody going to answer the question on who pays the tariffs with a devalued yuan eh?

Telling….
 
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You all are going to pretend that China isn’t in a significantly worse position now than they were a few months ago?
 
thethe said:
Nobody going to answer the question on who pays the tariffs with a devalued yuan eh?

Telling….
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The Yuan would need to drop commensurate with the tariffs. You and I both know Xi will never let that happen. It’s 7.3 today and it will be 7.3 in July.
 
chop2chip said:
The Yuan would need to drop commensurate with the tariffs. You and I both know Xi will never let that happen. It’s 7.3 today and it will be 7.3 in July.
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But this still goes back to what I’ve been saying for a while.

Tariffs will be mostly offset by many factors to the point the end result for families will be neutral or they may end up having even more purchasing power.

Ultimately - the increase in costs to goods as a result of tariffs is not the bogeyman the experts would have people believe.
 
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