Economics Thread

thethe said:
And the scaling means nothing to you?

Also, how are their economies doing in relation to the US now that we have an actual pro business administration?
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You do realize our GDP hasn't significantly risen under Trump correct? 2017 was 2.2%, 2018 was 2.9% so far this year is staying in line with those.

ooking at 2017 which is the newest data I have from World Bank.

USA 2.2
Canada 3.0
Germany 2.1
France 2.1
Japan 1.7

Anyway, that's of course just one metric. The USA is doing fine. But what I want to know is why would it be bad to eminate Germany or Canada? What if we had a growing economy and! healthcare.
 
zitothebrave said:
You do realize our GDP hasn't significantly risen under Trump correct? 2017 was 2.2%, 2018 was 2.9% so far this year is staying in line with those.

ooking at 2017 which is the newest data I have from World Bank.

USA 2.2
Canada 3.0
Germany 2.1
France 2.1
Japan 1.7

Anyway, that's of course just one metric. The USA is doing fine. But what I want to know is why would it be bad to eminate Germany or Canada? What if we had a growing economy and! healthcare.
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2.2 to 2.9 is very significant
 
It is but it's all basically in line with our GDP since 2010. Now if Trump has us back to Clinton era 4.5+% I'd believe you.
 
zitothebrave said:
It is but it's all basically in line with our GDP since 2010. Now if Trump has us back to Clinton era 4.5+% I'd believe you.
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We were told this type of growth was not possible and yet here we are with no signals of a recession.

Clinton economy was the dot com bubble which you aware of. Not sure how much policy implemented had anything to do with that.
 
thethe said:
We were told this type of growth was not possible and yet here we are with no signals of a recession.

Clinton economy was the dot com bubble which you aware of. Not sure how much policy implemented had anything to do with that.
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Clinton Economy was on a bubble, as is Trump's as was Obama's. But the question is can the bubble be softened. I mean I could point to growth under FDR, Kennedy, Johnson, so on so forth.
 
zitothebrave said:
Clinton Economy was on a bubble, as is Trump's as was Obama's. But the question is can the bubble be softened. I mean I could point to growth under FDR, Kennedy, Johnson, so on so forth.
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Yes and those democrats are not rhe democrats of today so bringing their economies up would be irrelevant.

Whats Trumps bubble? Low tax rates? Low regulation? Protection of American workers?
 
thethe said:
Yes and those democrats are not rhe democrats of today so bringing their economies up would be irrelevant.

Whats Trumps bubble? Low tax rates? Low regulation? Protection of American workers?
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Right now it's the loan debt bubble. SImilar to the housing bubble at some point those loans will default leading to a big old economic scare. Our own federal debt bubble. Also we were on a rising housing market that the seems to now be crashing out. We have a large issue of unfunded state pensions. Healthcare spending is through the roof, at some point that will bottom out. ALso consider that 2018 was the most volatile year for the stock market since 2009 which means we could be vulnerable for another crisis.
 
Housing prices are still increasing - the rate of increase is slowing.

We have been on a federal debt bubble for 2 decades now. Not sure why its soley contributing to this economy.

The uptick is based on pro business policies. Not sure why you cant admit that.
 
Except that the issue is the GDP to debt ratio. Until Obama and Trump we were consistently under 60%. Under Trump in 2018 we are at about 104% debt to GDP. At some point that will be a huge issue. It's at levels higher than ever and Trump has only grown the debt more and more.
 
zitothebrave said:
What I'm saying is that there's a heavy risk to our economic stability if our economic growth doesn't outpace our debt growth.
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Of course there is but you said this economy is based on a debt bubble. Its semantics but the gdp performance is not due to debt levels
 
thethe said:
Of course there is but you said this economy is based on a debt bubble. Its semantics but the gdp performance is not due to debt levels
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It's one of a few bubbles going on right now. I'm more concerned about the Student Loan debt bubble myself. I think we could have another subprime type of issue.
 
sturg33 said:
How on earth is the student loan debt bubble fueling the economy?
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Artificial spending and job creation. I would go into the full aspect of it. But basically when people aren't making enough money to pay down their student loan debt, there's a huge risk for big money loss.
 
thethe said:
2.2 to 2.9 is very significant
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Federal deficit went from 580 billion in 2016 to 985 billion in 2018. By blowing a 400 billion hole in federal finances we got growth to go up from 2.2 to 2.9. That's a nifty trick. Do it again? What's 400 billion between friends.
 
nsacpi said:
Federal deficit went from 580 billion in 2016 to 985 billion in 2018. By blowing a 400 billion hole in federal finances we got growth to go up from 2.2 to 2.9. That's a nifty trick. Do it again? What's 400 billion between friends.
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So you think the deficit is whats fueling an economic revival?
 
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