LolIf you want a mature discussion maybe you shouldn't look on a gaming forum
LolIf you want a mature discussion maybe you shouldn't look on a gaming forum
I'm going to fix this for you because after a day of NPR I need to correct someone on it;
Let's wait and see what happens 6 months to a year from now.
I have grown really tired of the mainstream media yelling the sky is going to fall after these numbers were revealed. We all know the tariffs are going to have an impact, that's the obvious point and no one is going to disagree. No one.
The United States economy is cruising right now, and is the largest in the world. This means we can throw our considerable weight around and just wait out countries to fall into line. They may hold out longer then expected, but some of them will not.
Unless they want to wreck their own economies of course.
Not attacking you personally, it just seems some folks are waiting for the second something bad comes from these tariffs when the mid-game is in play here, not the short term.
I'm going to fix this for you because after a day of NPR I need to correct someone on it;
Let's wait and see what happens 6 months to a year from now.
I have grown really tired of the mainstream media yelling the sky is going to fall after these numbers were revealed. We all know the tariffs are going to have an impact, that's the obvious point and no one is going to disagree. No one.
The United States economy is cruising right now, and is the largest in the world. This means we can throw our considerable weight around and just wait out countries to fall into line. They may hold out longer then expected, but some of them will not.
Unless they want to wreck their own economies of course.
Not attacking you personally, it just seems some folks are waiting for the second something bad comes from these tariffs when the mid-game is in play here, not the short term.
I disagree, our economy isn't strong enough at this point to stir up trade wars. It's literally the same mistake Obama made, just on the opposite side.
When Obama took office, the economy recovered 5% growth. Obama figured the economy was strong enough to take on something like Obama care and and it caused economic stagnation for businesses. Trump sees these gains which naturally occur and thinks, " I fixed the economy, I can make any rules I want". That's the problem, stop throwing wrenches into the US economy and let the wounds heal before you stir the pot again. Trade Wars are just one example of what you don't throw at a recovering economy.
I'd like to know why you feel that's a poor analogy.I'm sorry, but that is a really poor anaolgy.
Either explain yourself and say something of value or take a walk.
No room for pseudo-intellectuals with nothing of worth to contribute here.
I'd phrase it more as - I'd like to know why you feel that's a poor analogy.
I'd like to know why you feel that's a poor analogy.
Obamacare =/= tariffs.
That's exactly the point! Economic instability always has a cost, its just whether our growth will outpace it.I mean, I am not by any stretch an economist, but I think it's fair to assume that any additional tariffs will have to have a cooling effect *somewhere*; right? So, isn't more the question - by the end, who will enact what tariffs and retaliatory tariffs, and after all the dust settles, how much economic slowdown will the U.S. end up absorbing (and by extension every other country as well) and how will the balance sheet of gains and losses tally up?
I suppose that's the BIG QUESTION, isn't it?
So, you would prefer to see more immediate investment in, something, rather than action being taken now to improve economic prospects in the future. If I am understanding your point correctly, what is your something, and why? Or, am I misunderstanding?
I disagree, our economy isn't strong enough at this point to stir up trade wars. It's literally the same mistake Obama made, just on the opposite side.
When Obama took office, the economy recovered 5% growth. Obama figured the economy was strong enough to take on something like Obama care and and it caused economic stagnation for businesses. Trump sees these gains which naturally occur and thinks, " I fixed the economy, I can make any rules I want". That's the problem, stop throwing wrenches into the US economy and let the wounds heal before you stir the pot again. Trade Wars are just one example of what you don't throw at a recovering economy.
I don't know about that, Trump seems to be handling this rather well so far. That $12B relief for farmers looks like a quick admission that short term sacrifices have to be made and he's got their backs. He seems to be on the right track with the EU, has been making claims that talks with Mexico are going well and I don't see how Trudeau can possibly win this game of chicken. Analysts are predicting the Canadian economy will be in recession in a little over a year's time if auto tariffs go into play, right before the 2019 federal election. The conservative party here is probably salivating all over itself at the idea of that happening.
China's the big question mark, how that plays out will likely wind up having a big influence on the 2020 election. The US will be on much stronger footing if Trump can somehow manage to secure a favorable trade deal there. I'll be extremely impressed if he can pull it off because that's no easy task, but it seems the light he's shined on the matter is starting to deliver dividends as the mainstream media is reporting on cases of stolen IP from America by the Chinese (NBC News: "How a Chinese student allegedly stole Duke University tech to create a billion dollar empire") - if that gains any traction the court of public opinion will start to better understand what Trump's been complaining about and China will lose any sympathy it may have in this particular dispute.
Except where is that 12 Billion coming from??? We just cut a trillion in taxes remember?
His verbal deal with the EU is the essentially the same as TPP. Which the effects of which would have kicked in in 2030. Right now he's pulled out and negotiating the same deal that was already made. Is it possible he will get a better deal? Sure, but we could also end up with the same exact deal of tariff cuts and such and his people will claim any economic losses we incurred in a trade war were to get us to that point while being wholly ignorant to the fact that this was part of TPP.
Everything I've seen of Mexico and Canada looks like appeasement, just like the EU and all global leaders look to be playing hard ball then they realistically should given our economic power. The entire argument is that if TPP didn't happen, China would pursue agreements of their own which is what is already happening. China, in my opinion will out last Trump in this war and we may end up with trade deals which do not protect our IP as well as TPP which is my fear. I'm all about IP protections and believed something needed to be done, that why I'm against a trade war on physical goods because the use is a net exporter of services, not goods. Trade wars on goods do nothing for our future as IP based economy.
There's always a chance this could all pan out, just like there is a chance mana could rain from heaven. What he is doing is incredibly risky and the actual gains, even in the best case scenarios do not seem to be worth the risk we are incurring.
Investors are in a state of flux right now due to trade wars and shifting policies.
No interest rate increase, but talk of it all over the place.
Pulling out of TPP to negiotiate a similar deal which may or may not be better.
All of this isn't worth the risk long term if we a country are evolving from manufacturing to services anyway. The real question is in the end, even in the best case scenario was it worth it for the instability we caused even as our economy shift from its present to a future state.
Was hoping the market would respond super positive about this news today but it isn't. =/
Why is that? What's good for the stock market and what's good for the avg Joe often diverges...
Make fun of stupid people? Hit too close to home or something?
Well, we'll just have to stop paying welfare to illegals, that ought to get us more than $12b pdq
The US could reach a much greater rate than that if they properly invested in itself.
This GDP growth is largely on the back of the stock market, market capitalization of US multinationals has been stimulated by tax reforms and by news that the Us government is seeking to create favourable trade conditions for Us firms. This may drive growth for another year or two and provide a hefty annual growth figure. But eventually (i.e very soon) there will be a ceiling, tariff pressures will kick in and growth will normalize again to the decades long average of ~2%.
US government has little direct opportunity for this, the US is not a State Capitalist single party state like China. The Us economy has relied on its corporations investing at home. As they grow a little more, you may see some increased investment domestically. You may also see Chinese and European firms move some of their key US directed operations into the US itself to sidestep tariffs.
Despite growth, since it is concentrated in the corporate sector, the average salary will continue to stagnate. This will stay true even if unemployment continues to plummet-it just means more people are settling for more shitty jobs. Like I said if a Chinese multinational is going to open a prefab steel truss factory in the US, it's not going to pay the workers very much. Certainly at or close to minimum wage.
oh shit the smart guy showed up. Why are you spreading the lie that the little opportunity for this?
The US is not a state capitalist. However, as of this moment, the US is still in control of monetary value across the world through it's consumerism.
The US has the upper hand as of today to put a stand still to the growing china market.
trump & co sure as shit are making sure to minimize it. Giving inches an inches to the energy market helmed by russia.
The US can pay workers $20 an hour for manual labour, right now. They can dump trillions into self sustaining energy, right now.
It would simultaneously help the lower class of people in the US and recover the grounds being lost.
The US funds billions of dollars on fucking corn that is killing people. Give me a fucking break that they can't create industries to help people.
So no, the US is not in control of the consumer market. Nor even the luxury goods market (eg china's is bigger).
The US could reach a much greater rate than that if they properly invested in itself.
The problem here is that trump & co want to reach this gdp under the guise of giving away to pay back debts.
In a normal non corrupt administration, a 4.1 GDP would entail massive investments into infrastructure, tech, health, straight stimulus. (all of which as STILL doable today).
I have zero faith in the operatives in congress moving on this, but having congress and the whitehouse in control, they could do something, if they wanted to.
Shame about all of them being compromised and their self preservation is more important than the good of the country they were elected to do.
But I digress.
That being said, 4.1% growth pretty standard between administrations. like I said Obama's presidency generated a net 5.3% increase in 2010, but the key is sustained growth not individual growth point. Only a fool would think we're out of the woods or trumpet this as a success.
Just for reference:
Pretty damn quickwhat's pdq?
HAHA I knew it was too good to be true - Trump just got fact checked the dirty liar!!
Calling someone smarter than you “idiot” isn’t a good look.As someone already pointed out a good portion of the growth is soybeans due to his absurd tariffs that will be put into place later this year unless by some miracle the idiot changes his mind. Those tariffs will likely do alot of damage to the numbers we are seeing now. So yeah I am gonna wait and see how long this growth can be maintained with him levying tariffs on allies and enemies alike.
I have zero confidence in his ability to maintain this growth if he continues doing what he is doing. But I have every confidence in his ability to be foolish enough to let his fragile ego get in the way of what little common sense he has.
Calling someone smarter than you “idiot” isn’t a good look.
The guy can't even send 3 tweets in a row without misspelling a word and can't give a speech without reading it directly off the piece of paper in front of him.
But yeah the guy is CLEARLY intelligent right? lol
If Trump isn't dumb he sure as hell is ignorant as fuck, willingly or not.
Man, Trump's defense force gets triggered easily.Exactly he is so dumb he has made the economy rise when he is trying to crash it. He is such a fucking idiot he cant even kill blacks and jews as the racist anti-semite he is!! he has not even build any concentration camps yet the fucking incompetent idiot - how is he gonna gas the jews ?
He cant even manage to create more wars! the dumb fuck is talking about peace with North Korea! what a cuck!
And the best is - he is such a retard he is gonna lose the net election by a LANDSLIDE!
Man, Trump's defense force gets triggered easily.
Alright, let's go by this trainwreck of a post point by point.
Trump hasn't actually done much that has *direct* impact on the economy so it's pretty much going at the same pace it was during the last handful of years during Obama's presidency. Tariffs will probably affect it, but not in the short-term and only really if they keep up with it.
I honestly don't you know what the hell you're talking about black people and Jews, but I'm guessing you've been on Tumblr too much again. Also, the camps with children at the border make this a bit of an awkward point to make.
I will give Trump credit for his meeting with No- NEVER, EVER THREATEN THE UNITED STATES AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE. WE ARE NO LONGER A COUNTRY THAT WILL STAND FOR YOUR DEMENTED WORDS OF VIOLENCE & DEATH. BE CAUTIOUS!
We'll see about the elections I guess.
Hey buddy, I think youre confusing me with someone else. I never said any of those things
!Well your musing were no real points so i guess you can ignore it!