Economics Thread
- Thread starter sturg33
- Start date
sturg33
I
You don't put out a fire by replacing it with another fire.
We need less government, not more.
I do not care at all that Republicans don't have a replacement. I don't want a replacement
57Brave
Well-known member
sturg33
I
Also, please do remember this sentiment jn the future when you try to discredit sources
sturg33
I
I remember posting a tweet from CBS news that you discredited as Fox news.
That was a strange one... I guess you got your days mixed up.
Krugman is a fool by the way. If you find yourself agreeing with him, you may want to evaluate things
nsacpi
Expects Yuge Games
says the Ron Paul acolyte
lots of people, including myself, disagree with Krugman about various things...but a fool he aint
57Brave
Well-known member
It's origins were Fox News sponsored reports -- yet another aspect of current events where you've lost track
kinda like HRC having pneumonia and at deaths door 9/11/16.
Or rampant corruption at the Clinton foundation
etc
etc
etc
"it is being reported"
might want to take a look at a WSJ report from last night .
You'll know which one when you see it
kinda like HRC having pneumonia and at deaths door 9/11/16.
Or rampant corruption at the Clinton foundation
etc
etc
etc
"it is being reported"
might want to take a look at a WSJ report from last night .
You'll know which one when you see it
sturg33
I
I frankly cannot even follow your sentence structure to know what you are talking about
sturg33
I
Krugman has pages full of winners of idiotic predictions.
My two favorites were that the internet is a fad and that governments should destroy their own citizens in order to create jobs to rebuild them.
nsacpi
Expects Yuge Games
huh...well i know a little more about his scientific contributions as an economist and was lucky enough to be a student of his many years ago...your characterization of him as being a fool is a tad off the mark
nsacpi
Expects Yuge Games
causality is a devilish thing and not to be confused with correlation...with respect to the above there are several possibilities
1) economic freedom contributes to higher incomes
2) higher incomes contribute to economic freedom
3) the feedback is in both directions
4) there is a third factor (or several other factors) that are the deep structural causes of both more freedom and income...Max Weber famously nominated the protestant work ethic...for those impressed by how well certain Asian countries do, Confucian values is a useful alternative to the protestant work ethic
5) other (and there are quite a few other possibilities deserving of serious consideration)
Imo the country most deserving of study for unlocking the secrets of rapid economic, political and social modernization is South Korea. Hong Kong and Singapore are relatively small city states and special cases that probably don't have as many useful lessons for larger countries. South Korea on the other hand was backward, ravaged by war, coming out of a period of brutal occupation by the Japanese, and governed by a military dictatorship. And yet they managed to leapfrog so many other countries in terms of both economic and political progress. They are not perfect, but still an amazing success story.
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nsacpi
Expects Yuge Games
have you been? I'm a big fan...but I have certain mild authoritarian tendencies (Lee Kuan Yew style)...plus the food (both Indian and Chinese) is fabulous
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cajunrevenge
Well-known member
https://www.nbcnews.com/business/ma...-worst-christmas-eve-trading-day-ever-n951661
Dow drops 600 points again. Worst Christmas Eve drop of all time to cap off the worst December since 1931. We have already established this was Trumps economy from day 1. Those 8 years of Obama that started right after the housing markey bubble burst and ended with the economy going strong apparently means nothing. Reality is Trump took an already good and improving economy and made a bunch of short term moves designed to inflate the economy to mask how disastrous his other policies were. Now that great economy is nose diving.
Where are the people who told me I dont understand this ****. How this was Trumps economy on day 1. Its still ridiculous to say any President has a significant impact on day 1. Its kindergarten level stupid.
Dow drops 600 points again. Worst Christmas Eve drop of all time to cap off the worst December since 1931. We have already established this was Trumps economy from day 1. Those 8 years of Obama that started right after the housing markey bubble burst and ended with the economy going strong apparently means nothing. Reality is Trump took an already good and improving economy and made a bunch of short term moves designed to inflate the economy to mask how disastrous his other policies were. Now that great economy is nose diving.
Where are the people who told me I dont understand this ****. How this was Trumps economy on day 1. Its still ridiculous to say any President has a significant impact on day 1. Its kindergarten level stupid.
sturg33
I
What's wrong with the economy?
cajunrevenge
Well-known member
I suppose you think the tanking Dow Jones isnt going to have serious negative impact on the economy? It dropped over 4k in less than a month. Dropped 3% just yesterday alone.
But let me know what you want to use to measure the economy.
But let me know what you want to use to measure the economy.
sturg33
I
Well the market is not the economy.
I do think a tanking market can affect the economy if people start losing confidence, etc.
The market just hates uncertainty, and it clearly no longer believes there's a steady hand at the top of our government (and I agree with that)... so we're seeing a ton of selling first, ask questions later. Trump can't shut his mouth and that hurts the market.
But economy is truly doing great. 3% GDP growth this year for the first time in over a decade. All time lows in unemployment, business earnings, etc. 7 millions job openings with only 3 million people to fill them.
The expectation is that growth will slow next year, but still grow at a pretty healthy rate on a high base.
As I tried to explain 1,000 times over the last few years... Obama got a 0% federal reserve for his entire presidency... the market got drunk with free money and now as we are trying to stabilize, the market can't handle it. Trump is right that the biggest problem with the market right now is the Fed... but I 100% agree with the Fed raising rates because we have to get back to normal at some point and Trump is the one facing that now.
cajunrevenge
Well-known member
The rate is a low as it has ever been outside of after the housing market crashed in 2008. Only other time its been this low is after 9/11 for a few years. I just wanted to know what the goalposts are now. Lets see how things shake out in 2019. The stock market losing 20% in a little over a month is a very bad sign.