Economics Thread

[sturg33]

The recent indicators are going positive.

Which ones?

 

[thethe]

Ahh

All data pointing to negative indicators doesnt count

And that we havent had a great depression yet is proof that the tariffs are good policy

Cool

And you think the economy is currently on a downward trajectory?

 

[sturg33]

How did we have such great economies with high tariffs before globalization happened?

How does the Braves win 95 games with a bad starting pitcher

 

[thethe]

How does the Braves win 95 games with a bad starting pitcher

Can you win 95 games while starting a 10 era guy for 35 games?

 

[Garmel]

Which ones?

Real wages are higher than inflation.

Over 4% growth of the economy.

It will take time for unemployment to go down. You can't cut 9% of the government workforce and expect them to be absorbed immediately.

 

[Tapate50]

over $1,000 per family of four

that's the bottom line cost of the tariffs

you can deflect with "other things trump has done" if you want

but the bottom line is the average family of four ends 2025 with over $1,000 less in their bank account than if they hadn't had to pay higher prices directly due to the tariffs

that's why they are so grumpy

the stock market (largely due to the enthusiasm for AI) has done very well and generated a lot of wealth...that has helped keep the economy going...but that wealth is very concentrated...which is why you have such a divergence between how people feel and how the overall economy is doing

the average family of four has been hurt quite a bit by trump's tariffs

this is not complicated or mysterious

The last democrat president cost us all a lot more than that per year.

I’m not sure I’d be so hard on year 1 and then give Joe Puddin head such a pass

 

[thethe]

Real wages are higher than inflation.

Over 4% growth of the economy.

It will take time for unemployment to go down. You can't cut 9% of the government workforce and expect them to be absorbed immediately.

American employment is doing ok.

 

[nsacpi]

American employment is doing ok.

The unemployment rate of native-born workers is almost half a percentage point higher than it was a year ago.

 

[Garmel]

How does the Braves win 95 games with a bad starting pitcher

Oh, so we went from a podunk country to dominating the world's economy in a century or so by carrying a bad pitcher?

 

[thethe]

The unemployment rate of native-born workers is almost half a percentage point higher than it was a year ago.

Federal workers - they’ll privatize soon.

 

[sturg33]

Real wages are higher than inflation.

Over 4% growth of the economy.

It will take time for unemployment to go down. You can't cut 9% of the government workforce and expect them to be absorbed immediately.

And you believe those are *because* of tariffs?

Explain to me how tariffs are driving those numbers?

 

[chop2chip]

Also, a reminder.

Trump only initiated about half the tariffs he promised because markets responded so negatively. And he has also undone many of the tariffs he put on *specifically* to lower the costs on those items

… I’d rather chew on tin foil than argue with vacation boy who takes every bad news cycle off.

Merry Christmas to y’all. Even the pagans like nascpi

 

[thethe]

And you believe those are *because* of tariffs?

Explain to me how tariffs are driving those numbers?

Tariffs are more of a long term positive impact but its short term negative impacts the doomsayers foretold haven’t come true

 

[nsacpi]

How did we have such great economies with high tariffs before globalization happened?

I think the American economy has a huge number of strengths. Enough to survive and even thrive with bad tariffs policy. It shouldn't make us indifferent to bad policy, which do have real effects.

 

[thethe]

… I’d rather chew on tin foil than argue with vacation boy who takes every bad news cycle off.

Merry Christmas to y’all. Even the pagans like nascpi

What’s a bad news cycle? Ones you guys think?

Markets still puking?

 

[sturg33]

Tariffs are more of a long term positive impact but its short term negative impacts the doomsayers foretold haven’t come true

Every single negative data point you dismiss away

 

[thethe]

Every single negative data point you dismiss away

What have I dismissed. That costs have increased at a modest rate in comparison to tariffs issued?

 

[Garmel]

And you believe those are *because* of tariffs?

Explain to me how tariffs are driving those numbers?

You asked for positive indicators.

You said nothing about positive indicators because of tariffs.

 

[sturg33]

You asked for positive indicators.

You said nothing about positive indicators because of tariffs.

You are arguing in favor of tariffs are you not?

 

[Garmel]

I think the American economy has a huge number of strengths. Enough to survive and even thrive with bad tariffs policy. It shouldn't make us indifferent to bad policy, which do have real effects.

It's impossible to dominate the world economically if tariffs are such a burden.