Economy grew at slowest rate in 3 years.

[Cyberfx1024 7,980]

Just now, OriZ said:

I wouldn't hold my breath, and if I knew you personally I'd also be willing to put money on it

 

I always pay on my bets IF I lose. 

[spookyturtle 9,466]

Too early to make any judgments on Trump's effect on the economy. 

[ready4ONE 5,400]

On ‎4‎/‎28‎/‎2017 at 5:20 PM, OriZ said:

Anddddd...I will say what I already said before, this is expected, baked in the cake and has nothing at all to do with Trump. I fully expect a recession during his term regardless of what he does or doesn't do. For that matter, had Obama (hypothetically of course) gotten a third term, there would be one under him as well. Not saying Trump can't make things slightly better, or much worse(protectionism isn't going to help), but that's about it.

This would go over better, as it is true, had Trump not already taken claim for making the economy strong again. I think you can say Trump won't be making the economy better for all but the richest of the rich, don't be coy now.

[CaliCat 3,957]

On 4/28/2017 at 9:05 PM, cyberfx1024 said:

I think it will happen by the end of the year so let's just give it time. He is trying to loosen up the reins to let business and the economy grow.

 

He can't make the economy grow without also running the risk of a double dip recession. That is another promise he can't fulfill, and that it not on him alone - that's on the state of the economy. The tax cuts he is proposing will make things well for a few months, but we risk inflation and unemployment, if things get out of hand. It happened in the 70s. It can happen again. Fortunately, Yellen seems intent on doing her job. 

Edited April 30, 2017 by CaliCat

[OriZ 3,157]

9 minutes ago, CaliCat said:

 

He can't make the economy grow without also running the risk of a double dip recession. That is another promise he can't fulfill, and that it not on him alone - that's on the state of the economy. The tax cuts he is proposing will make things well for a few months, but we risk inflation and unemployment, if things get out of hand. It happened in the 70s. It can happen again. Fortunately, Yellen seems intent on doing her job. 

There is nothing fortunate about Yellen. Not a single damn thing.

[CaliCat 3,957]

2 minutes ago, OriZ said:

There is nothing fortunate about Yellen. Not a single damn thing.

She's is the only one that can and must say no, if things go wrong. Where do you disagree with her?

[OriZ 3,157]

20 minutes ago, ready4ONE said:

This would go over better, as it is true, had Trump not already taken claim for making the economy strong again. I think you can say Trump won't be making the economy better for all but the richest of the rich, don't be coy now.

Yeah, hence why I said he will end up with egg on his face. He is shooting himself in the foot by continuously touting the stock market and jobs and what a great economy we will have. What is he going to say when, not if, we enter a recession? Should be interesting, for sure. I look forward to it. And I don't think even the richest of the rich will be enjoying the ride, as stock market collapses tend to wipe out many trillions.

[OriZ 3,157]

1 minute ago, CaliCat said:

She's is the only one that can and must say no, if things go wrong. Where do you disagree with her?

Oh where do I start

 

For one, I disagree with most anybody involved with the Federal Reserve, as their policies do nothing but promote wealth disparity. As mentioned before I am opposed to ZIRP and QE. Granted, rates aren't at 0% anymore but they are raising them way too slow. Yellen and the rest of them also completely miss the mark each and every time they try to make a prediction. Not for nothing I had her in my signature not long ago, with a meme that says "2018: book deal and paid speeches suckas". She did nothing to deserve it. Neither did Bernanke. They're a bunch of coocoos.

[IAMX 3,055]

27 minutes ago, OriZ said:

Oh where do I start

 

For one, I disagree with most anybody involved with the Federal Reserve, as their policies do nothing but promote wealth disparity. As mentioned before I am opposed to ZIRP and QE. Granted, rates aren't at 0% anymore but they are raising them way too slow. Yellen and the rest of them also completely miss the mark each and every time they try to make a prediction. Not for nothing I had her in my signature not long ago, with a meme that says "2018: book deal and paid speeches suckas". She did nothing to deserve it. Neither did Bernanke. They're a bunch of coocoos.

The premise of the left praising Yellen is she isn't Trump. Has nothing to do with economics.

[OriZ 3,157]

3 minutes ago, IAMX said:

The premise of the left praising Yellen is she isn't Trump. Has nothing to do with economics.

I can't comprehend why people that claim they want to narrow wealth inequality support policies that destroy average people's savings and help their rich banker buddies via capital gains.

[IAMX 3,055]

6 minutes ago, OriZ said:

I can't comprehend why people that claim they want to narrow wealth inequality support policies that destroy average people's savings and help their rich banker buddies via capital gains.

As I said in another thread, the left would praise their own deaths if it meant Trump failed at saving them.

 

Anyone with a brain knows the Fed and government conspiring to monetize the debt, combined with debt financed consumption, is not sustainable. Yellen is the latest in a series of FC's who prop up this short term recklessness. In the end, it will completely screw the middle class.. those who have wealth will know to invest in tangible assets as the dollars value goes to ####### .

Edited April 30, 2017 by IAMX

[OriZ 3,157]

1 minute ago, IAMX said:

As I said in another thread, the left would praise their own deaths if it meant Trump failed at saving them.

Well I mean I'm not just blaming the left. I think there is severe lack of and flawed understanding of how things really work on both sides. Yellen is going to be leaving us in shambles when the bubble she helped encourage collapses, and while she's selling books and getting paid loads of money to make speeches(honestly not sure whose speeches would be worse hers or Hillary's) half of America will be blaming Trump. If it wasn't so sad I'd be laughing my behind off.

[IAMX 3,055]

3 minutes ago, OriZ said:

Well I mean I'm not just blaming the left. I think there is severe lack of and flawed understanding of how things really work on both sides. Yellen is going to be leaving us in shambles when the bubble she helped encourage collapses, and while she's selling books and getting paid loads of money to make speeches(honestly not sure whose speeches would be worse hers or Hillary's) half of America will be blaming Trump. If it wasn't so sad I'd be laughing my behind off.

Exactly, but look at how people praise "job creation". Yay more McJobs! $15/hour! The mere fact that the US economy has to be propped up with ZIRP and repeated stimulus just to attain sub-normal "numbers" says a lot about how fragile the US economy really is. 

 

People are indeed clueless, but there's no sense in giving legitimacy to the left's arguments in this case, they aren't arguing anything with understanding of macro or finance, it's all "I hate Trump" politics.

Edited April 30, 2017 by IAMX

[CaliCat 3,957]

40 minutes ago, OriZ said:

Oh where do I start

 

For one, I disagree with most anybody involved with the Federal Reserve, as their policies do nothing but promote wealth disparity. As mentioned before I am opposed to ZIRP and QE. Granted, rates aren't at 0% anymore but they are raising them way too slow. Yellen and the rest of them also completely miss the mark each and every time they try to make a prediction. Not for nothing I had her in my signature not long ago, with a meme that says "2018: book deal and paid speeches suckas". She did nothing to deserve it. Neither did Bernanke. They're a bunch of coocoos.

 

If they raise the rates much too fast, they may stall the economy, and promote more unemployment. Rates will go up, if the so-called president succeeds with his tax cuts plan. At some point all this money will come rushing into the economy and reignite inflation.

 

The job of the fed is to control the supply of money.

 

How do you equate their monetary with favoring the wealth? Granted, banks will always benefit from low rates, but banks always win anyway.  

[CaliCat 3,957]

6 minutes ago, OriZ said:

Well I mean I'm not just blaming the left. I think there is severe lack of and flawed understanding of how things really work on both sides. Yellen is going to be leaving us in shambles when the bubble she helped encourage collapses, and while she's selling books and getting paid loads of money to make speeches(honestly not sure whose speeches would be worse hers or Hillary's) half of America will be blaming Trump. If it wasn't so sad I'd be laughing my behind off.

 

I don't think Trump will be entirely to blame, but we'll need to see what economist will have to say if/when the cows come home.