Obama to Trump: you'll never get 3% growth. We got 3.9% now!

[walrus]

With all due respect we cannot carry gold and silver through the woods and Over The Hills and Dales and across the rivers while we are looking for acorns and wild scallions and freshwater to eat/drink. How are we going to spend the gold and silver and why would anybody honor its value? All we will need at that point is a big stick and to be in great cardiovascular shape so that we can run 10 to 20 miles a day to escape from predators and attackers and to search for food. If you know how to build a fire and swing a 50 pound club for 3 hours straight without getting tired then you will succeed. All the Gold and the silver nuggets in the world are not going to save your ass out in the wilderness when society and civilization breaks down back into the Stone Age Again.
@Beanz @walrus @Kirkland Laing the germ

I can trade my silver and gold for guns and ammunition and a harem of women or transgender. Gold has been used for currency in every civilation throughout . You only need a few ounces so it’s easy to carry it and still outrun the zombies

[brocktonblockbust]

I have to say that walrus has kind of schooled beans and everybody else in this thread

[TitoFan]

How about some real numbers presented in an objective manner? That's probably an oxymoron when talking about the US economy, isn't it.

The economy is growing. Is it all Trump? Were there decisions made before Trump that may have set some of these indicators in motion? Is it cyclical behavior we've seen countless times before?

Economies don't turn on a dime. They have inertia and momentum.

Is there an outfit capable of objective economic analysis without political slant?

Inquiring minds want to know.

Yes I am that outfit and yes it is all trump you may use this as a link

So you have nothing? Not even a crayon-drawn scribble that quantifies Trump's economic triumphs?

I know u are a fraud as I tripped u over a simple word all Americans including the government call a certain monetary body here in the US. You didn’t know what I was talking about despite you saying you worked for that very body. Since then, I knew u were a fraud. Why would I encourage u. #banbrock is internet stalking u as we speak. He is being funded with bitcoin which was converted to monero which is more anonymous @TitoFan tits I’m sorry I answered like that cause I thought you were jerkland Laing. To answer your question my words contain all the info u need. Like I said many use my posts as links when they want to explain something to people

While your response was amusing, it failed to address the point that arguments over the state of the economy are usually best held with objective economic indicators. But I guess you felt it better to throw one of your accustomed wisecracks which came off a bit condescending, which of course prompted my own wiseass response.

That's regarding the 2nd half of your post. The first half I'm puzzled, as it seems to address someone else, unless of course I missed something.

[walrus]

How about some real numbers presented in an objective manner? That's probably an oxymoron when talking about the US economy, isn't it.

The economy is growing. Is it all Trump? Were there decisions made before Trump that may have set some of these indicators in motion? Is it cyclical behavior we've seen countless times before?

Economies don't turn on a dime. They have inertia and momentum.

Is there an outfit capable of objective economic analysis without political slant?

Inquiring minds want to know.

Yes I am that outfit and yes it is all trump you may use this as a link

So you have nothing? Not even a crayon-drawn scribble that quantifies Trump's economic triumphs?

I know u are a fraud as I tripped u over a simple word all Americans including the government call a certain monetary body here in the US. You didn’t know what I was talking about despite you saying you worked for that very body. Since then, I knew u were a fraud. Why would I encourage u. #banbrock is internet stalking u as we speak. He is being funded with bitcoin which was converted to monero which is more anonymous @TitoFan tits I’m sorry I answered like that cause I thought you were jerkland Laing. To answer your question my words contain all the info u need. Like I said many use my posts as links when they want to explain something to people

While your response was amusing, it failed to address the point that arguments over the state of the economy are usually best held with objective economic indicators. But I guess you felt it better to throw one of your accustomed wisecracks which came off a bit condescending, which of course prompted my own wiseass response.

That's regarding the 2nd half of your post. The first half I'm puzzled, as it seems to address someone else, unless of course I missed something.

ya when you asked me the question I thought u were jerkland which lead to this mass confusion. I meant to start a new post explaining that but I got them mixed together

[Kirkland Laing]

Hundreds of billions of dollars have been brought in a loan just on repatriation of funds by slashing the tax rate for repatriation of funds that alone brings this up probably to 2.7 or 2.8% growth. there are hundreds of reasons how Trump instantly turn the economy on a dime but Tito fan does not want to believe it because he is drinking the Kool-Aid that says give Obama credit and take away any credit from Trump. It really is true out there saying he didn't really do it.

Now that is the real sickness right there.

Hundreds of billions have been brought back to the US. And they've been paid out to shareholders and top exwcutives in bonuses or used to buy back shares whichenriches shareholders and top executives. Meanwhile there's no increase in the rate of business investment over the Obama years.

[Kirkland Laing]

It's cycles Brock. Anything Trump does is only going to be seen on a longer timeline. He has been President two years only. Plus I fully anticipate another global meltdown and I am not going to cry too much about it.

If US interest rates do keep going up it's going to blow things up. There are trillions of dollars of corporate/business debt in other countries denominated in dollars. If those loans start failing due to the dollar going up due to interest rates then it's going to cause big problems. Then everybody will be saying that the great economy of the late 2010s was actually illusory. And it is really. Heading for ten years into an economic expansion, rock bottom interest rates, first-in-history combination of low interest rates and high unemployment, previously central banks have always started banging rates up and creating recessions once unemployment hits 5%. This time because the recovery has been so poor they've kept them low and we now have less than 4% unemployment and everybody is talking about how strong the economy is. Well it isn't. It's still fragile as hell and it won't take much to fuck things up. We should have 4-5+% growth at this point in the cycle with these conditions and we can't crack three without cutting taxes and blowing the deficit up. And the US is currently running trillion dollar deficits in the middle of it. Just wait till the next recession.

[walrus]

It's cycles Brock. Anything Trump does is only going to be seen on a longer timeline. He has been President two years only. Plus I fully anticipate another global meltdown and I am not going to cry too much about it.

If US interest rates do keep going up it's going to blow things up. There are trillions of dollars of corporate/business debt in other countries denominated in dollars. If those loans start failing due to the dollar going up due to interest rates then it's going to cause big problems. Then everybody will be saying that the great economy of the late 2010s was actually illusory. And it is really. Heading for ten years into an economic expansion, rock bottom interest rates, first-in-history combination of low interest rates and high unemployment, previously central banks have always started banging rates up and creating recessions once unemployment hits 5%. This time because the recovery has been so poor they've kept them low and we now have less than 4% unemployment and everybody is talking about how strong the economy is. Well it isn't. It's still fragile as hell and it won't take much to fuck things up. We should have 4-5+% growth at this point in the cycle with these conditions and we can't crack three without cutting taxes and blowing the deficit up. And the US is currently running trillion dollar deficits in the middle of it. Just wait till the next recession.

U r almost good at pretending you know what u r talking about

[walrus]

If Kirkland knew what he was talking about he would bring up the true possible economic disaster with our fed raising rates and that is interest paid on the national debt. As the rates goes up, so does the interest we pay on our 20 trillion dollar national debt you know, the one Obama’s campaigned on saying it was an outrage when it was around 9trillion when Obama took office. Thanks Barry.

[walrus]

I could lay down ten much better possibilities for economic meltdown for Kirk issue is I know I’m not always right. I think Kirkland reads kiplingers I’m more at investors business daily level

[brocktonblockbust]

Kirkland's middle name at Birth was "quantitative easing to Infinity"

[Kirkland Laing]

If Kirkland knew what he was talking about he would bring up the true possible economic disaster with our fed raising rates and that is interest paid on the national debt. As the rates goes up, so does the interest we pay on our 20 trillion dollar national debt you know, the one Obama’s campaigned on saying it was an outrage when it was around 9trillion when Obama took office. Thanks Barry.

Every Democratic president since before Reagan has reduced the deficit, in Obama's case by a dramatic percentage despite inheriting the greatest economic collapse since the Great Depression. Every Republican president since Reagan has dramatically increased the deficit. Reagan trebled the national debt. Trump has slashed taxes (with nearly 90% of the tax cut going to the top 1%, the lowest 25% of earners get a $60 a year tax cut, Warren Buffeet got $30 billion) and is now running trillion dollar deficits in the middle of an economic expansion.

Let's see what you actually know about debt and deficits and this potential great disaster for America. This could be a teachable moment. Have a look at the graph.





Firstly, how come America is paying much less in interest on the debt compared to the end of the nineties, a time when Bill Clinton and the Democratic congress turned a then record deficit inherited from the GOP into an actual surplus with the entire national debt projected to be paid off by 2010, at a time when the current guy is running trillion dollar deficits in the middle of an economic expansion?

[Kirkland Laing]

I could lay down ten much better possibilities for economic meltdown for Kirk issue is I know I’m not always right. I think Kirkland reads kiplingers I’m more at investors business daily level

I don't read anybody at all. If they're so smart why aren't they making money?

What are these ten better possibilities?

[brocktonblockbust]

#PorklandLaing

Bacon Boy

[walrus]

I could lay down ten much better possibilities for economic meltdown for Kirk issue is I know I’m not always right. I think Kirkland reads kiplingers I’m more at investors business daily level

I don't read anybody at all. If they're so smart why aren't they making money?

What are these ten better possibilities?

Ten, dude I said thousands

[walrus]

Oh I forgot everything Obama’s did wrong was bushes fault. Clinton didn’t balance shitz that was Newt Gingrich