Panda1
Banned
another insightful post! slow down cowboy there is too much for us to take in
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Trump triumphant: 'We're going to go a lot higher' than 4.1% GDP growth
- Thread starter TheLaughingStock
- Start date
another insightful post! slow down cowboy there is too much for us to take in
Panda1
Banned
So you come to a thread called 4.1% GDP - what are you thoughts on why this happens and record high optimism? and why dont you think its hilarious when most 'experts' made you look like a clown telling you he is gonna TANK the economy.
You have to change the subject (typical TDS) to personal insults! (this is a sign you have lost an argument)
I'm surprised you did not throw in Russia and impeachment too! Wonder why?
Mate all your posts are just 'everyone is saying everyone on the right is a nazi' repeated a dozen times. At a certain point there's not much to reply to your incoherent and rambling posts. In that sense you definitely mirror a certain US president.
Vicetrailia
Banned
Economists, the experts, weren't saying that the economy was gonna tank, son. That was regular people expressing their general optimism for Trump being president, saying that the country will blow up in flames. It's hyperbole expressing their utter disgust. And note, trying to measure the worst case scenario under the max results of a trade war isn't saying that we're fucked.
There's so much to the trade war that you aren't condsidering like how Trump pushed the burden of paying for the war onto us citizens. Dude tried to sell a cost-benefit analysis when some people are losing their companies and jobs, meanwhile I didn't see much change, okay.
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Panda1
Banned
http://dailycaller.com/2017/12/27/media-predicted-economic-collapse-under-trump-it-didnt-happen/
Stop with your lies, we all have google. Why do you need to make things up - you can make your pint without lying! People were selling stock and telling you to buy gold due to TDS.
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Vicetrailia
Banned
According to the content of that shit article I'm still good on my assessment.
Spheyr
Banned
I love it
Cauliflower of Love
Banned
You know what's a good thing to spur economic growth?
https://www.cnbc.com/2018/07/29/tru...hutdown-over-immigration-border-security.html
https://www.cnbc.com/2018/07/29/tru...hutdown-over-immigration-border-security.html
Spheyr
Banned
You know what's a good thing to spur economic growth?
https://www.cnbc.com/2018/07/29/tru...hutdown-over-immigration-border-security.html
His inner democrat shines through at times
DeepEnigma
Gold Member
Sure does.
Or all the elite are just FOS when it comes to the country dividing "party lines".
I bet him and Billy had a few Eiffel Towers in their day.
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DeepEnigma
Gold Member
ChuckeRearmed
Member
You know what's a good thing to spur economic growth?
https://www.cnbc.com/2018/07/29/tru...hutdown-over-immigration-border-security.html
Merit based immigration system looks good.
I mean if it works in "liberal paradise" aka Canada, why not introduce it in USA?
Cauliflower of Love
Banned
The US already has a merit based system.
People crossing the border fall under refugee and asylum seeking immigration.
Corrik
Member
You can't have a lottery and a merit system. They are contradictory.
Cauliflower of Love
Banned
Um
Those co exist in the immigration system already. Along with asylum/refugee/worker/petition conditions.
You don't think there's only one way to immigrate into the US, do you?
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TheShadowLord
Member
https://www.dw.com/en/us-economic-numbers-are-good-but-are-they-sustainable/av-44858833
I thought the video was very informative and I wanted to share with others as I felt it suitable for the thread(skip to 00:53). This not meant to be a knerrjerk so I hope others will watch too. As mentioned in the DW video, the federal reserve is expected to raise interest rates several more times this year. And here's what Trump had to say about the interest rates with cnbc:
https://www.reuters.com/article/us-usa-trump-dollar/trump-and-dollar-friend-or-foe-idUSKBN1K933P
In an interview with CNBC that aired in part on Thursday, Trump also said he was concerned that interest rate hikes would put the United States at a disadvantage. Higher interest rates and a strong dollar typically go hand-in-hand, because better yields attract foreign investment.
Yet the remarks, in an interview with CNBC that aired in part on Thursday, in which Trump said he was concerned that interest rate hikes as well as a strong dollar, would put the United States at a disadvantage, are not a break with his own practices.
From what I am getting, the short term will be good but it is unclear of if it will be good in the long term.
I thought the video was very informative and I wanted to share with others as I felt it suitable for the thread(skip to 00:53). This not meant to be a knerrjerk so I hope others will watch too. As mentioned in the DW video, the federal reserve is expected to raise interest rates several more times this year. And here's what Trump had to say about the interest rates with cnbc:
https://www.reuters.com/article/us-usa-trump-dollar/trump-and-dollar-friend-or-foe-idUSKBN1K933P
In an interview with CNBC that aired in part on Thursday, Trump also said he was concerned that interest rate hikes would put the United States at a disadvantage. Higher interest rates and a strong dollar typically go hand-in-hand, because better yields attract foreign investment.
Yet the remarks, in an interview with CNBC that aired in part on Thursday, in which Trump said he was concerned that interest rate hikes as well as a strong dollar, would put the United States at a disadvantage, are not a break with his own practices.
From what I am getting, the short term will be good but it is unclear of if it will be good in the long term.
Corrik
Member
They again are contradictory. Thus, him saying he wants an only merit system, and you ridiculing the comment makes no sense.
Death Dealer
Member
Paul Krugman said something to the effect of "If Trump wins, the economy will crash and the markets will never recover." I believe the market is up over 40% since he was elected.
The question is though - what does that GDP number actually tell us?
GDP growth is a fairly poor measure of general wealth, quality of life and happiness of a country.
Speaking in extremes, it's possible the entire GDP growth may be attributed to a single person in the US - which would arguably have little positive, maybe even negative effects for everyone else.
I haven't followed this too closely / if it's 4.1% real or nominal growth, but either way as a bottom floor, feel free to compare this to other countries as e.g. given here: https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate . Looking at the countries with higher real growth rates (Uganda, Niger, Turkmeinstan, China, Iraq, Ethiopia, Libya etc. etc.) there just underlines how questionable it'd be to try arguing about how people are doing in a country based on GDP growth.
So don't get me wrong, most countries are striving for a reasonable high (but explicitly not too high, by the way) GDP growth, it's usually not a bad thing. But I'd be very careful trying to argue like "everyone's doing fine" or such based on this.
GDP growth is a fairly poor measure of general wealth, quality of life and happiness of a country.
Speaking in extremes, it's possible the entire GDP growth may be attributed to a single person in the US - which would arguably have little positive, maybe even negative effects for everyone else.
I haven't followed this too closely / if it's 4.1% real or nominal growth, but either way as a bottom floor, feel free to compare this to other countries as e.g. given here: https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate . Looking at the countries with higher real growth rates (Uganda, Niger, Turkmeinstan, China, Iraq, Ethiopia, Libya etc. etc.) there just underlines how questionable it'd be to try arguing about how people are doing in a country based on GDP growth.
So don't get me wrong, most countries are striving for a reasonable high (but explicitly not too high, by the way) GDP growth, it's usually not a bad thing. But I'd be very careful trying to argue like "everyone's doing fine" or such based on this.
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Death Dealer
Member
That's corrleation without causation. Just because you named several high GDP growth countries that are questionable places to live, doesn't mean it's related. I think GDP growth on a year to year basis within the same country is generally always good. Even if you want to argue about equity of the distribution of the gain. The only exception I can think of is a major shooting war, which would boost GDP, but kill a lot of people.
We've just had one quarter at >4%. If we start getting yearly averages like that, which I think is possible. Trump will be hailed as an economic genius. Obama and the media have been telling us for years that it's not possible to have the same amount of growth as used to be the norm.. I think it was an excuse for his poor numbers. His entire 8 years in office the GDP annual growth rate averaged about 2%.
ChuckeRearmed
Member
As far as I remember it differs. As far as I remember Canada allows to migrate without job as long as you are eligible. Why USA require a job offer.
But I don't remember already.
Phew, glad you cleared that up with an anecdote.
recma12
Member
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