Essential Economics for Politicians

[messy]

Because you’re sloppy.

It’s funny because I’m sloppy? And you still can’t piece enough of what I’m saying, loan amount, equity value, price of house, to advise what I did wrong, if anything?
I’ve tried to explain to you to see the forest, not just the trees. So accept the essentials of hat I’ve told you and please instruct how I could have done a better deal.

 

[Bruddah IZ]

It’s funny because I’m sloppy? And you still can’t piece enough of what I’m saying, loan amount, equity value, price of house, to advise what I did wrong, if anything?
I’ve tried to explain to you to see the forest, not just the trees. So accept the essentials of hat I’ve told you and please instruct how I could have done a better deal.

Tell me more about the traditional 7 year loan. And tell us how you got a traditional loan for 2.11% when traditional banks are lending to each other for more than that. Oh I pieced it together alright. You didn’t do anything wrong. You didn’t do anything you said you did from the start. The better deal is cheaper money that also cash flows.

 

[nononono]

nope I don’t own a coffee shop. But besides my 3 houses I do have an interest in a large house being built in Pasadena. I have to wait until it sells to see if I get my money back though and it’s been 2 years already...gulp. I’m expecting 10% per year yield though.
You’ll have my statement end of week or early next.

You represent the worst of the liberal liars who frequent this forum........

 

[nononono]

It’s funny because I’m sloppy? And you still can’t piece enough of what I’m saying, loan amount, equity value, price of house, to advise what I did wrong, if anything?
I’ve tried to explain to you to see the forest, not just the trees. So accept the essentials of hat I’ve told you and please instruct how I could have done a better deal.

If what you post is honest/truthful then supporting the HONEST TRUTH should
have been easy.......but you struggle each and every time with more lies that spew
from your pie hole.....you’re a failing forum flea infested fool.".

 

[Hüsker Dü]

Tell me more about the traditional 7 year loan. And tell us how you got a traditional loan for 2.11% when traditional banks are lending to each other for more than that. Oh I pieced it together alright. You didn’t do anything wrong. You didn’t do anything you said you did from the start. The better deal is cheaper money that also cash flows.

You are a great example of "a little knowledge is a dangerous thing".

 

[Booter]

Trump's washing machine tariffs are costing Americans almost $100 more per appliance
American manufacturers have also jacked up the cost of their appliances, in order to match the higher price of their competitors.

The researchers found that the price of clothes dryers rose in tandem with washing machine price increases, even though dryers weren’t impacted by the tariffs. The study also found that domestically manufacturers raised prices on their washing machines, as well. All the big brands studied raised their prices by a range of 5 percent to as much as 17 percent.

“Firms are operating in competitive markets and they’re going to try to charge what they can,” Dollar said. When that competition is stifled, companies don’t have to worry as much about being priced out of a market if their products are more expensive. “Free trade is a great anti-monopoly policy,” he said.

Despite the president’s contention that the import tariffs on washing machines would create more American jobs, the new study found that the number of jobs created was very small, only around 1,800, but at a cost of $815,000 per job. And although Trump has said that the revenues are collected by the U.S. government from import tariffs, the researchers also found that this is not the case. The tariffs on imported washing machines and machine parts brought in a mere $82 million over the course of a year.

Tariffs can give a boost to the profits of domestic producers, but Dollar said ordinary workers rarely see those gains. “In most companies, it’s primarily benefiting the shareholders. The actual employment generation is usually very small. Firms expect these to be temporary, so they raise prices but they don’t employ more people,” he said. “It’s not an efficient way to create employment.”

https://www.nbcnews.com/business/co...iffs-are-costing-americans-almost-100-n999461

This is why Bruddah Iz loves Trump, but it's clear that Izzy doesn't understand how tariffs work and how they interfere with Markets.

 

[nononono]

Trump's washing machine tariffs are costing Americans almost $100 more per appliance
American manufacturers have also jacked up the cost of their appliances, in order to match the higher price of their competitors.

Despite the president’s contention that the import tariffs on washing machines would create more American jobs, the new study found that the number of jobs created was very small, only around 1,800, but at a cost of $815,000 per job. And although Trump has said that the revenues are collected by the U.S. government from import tariffs, the researchers also found that this is not the case. The tariffs on imported washing machines and machine parts brought in a mere $82 million over the course of a year.

Tariffs can give a boost to the profits of domestic producers, but Dollar said ordinary workers rarely see those gains. “In most companies, it’s primarily benefiting the shareholders. The actual employment generation is usually very small. Firms expect these to be temporary, so they raise prices but they don’t employ more people,” he said. “It’s not an efficient way to create employment.”

https://www.nbcnews.com/business/co...iffs-are-costing-americans-almost-100-n999461

This is why Bruddah Iz loves Trump, but it's clear that Izzy doesn't understand how tariffs work and how they interferre with Markets.

Obviously you're in the market for a washing machine, complaining on a soccer forum
won't find you a deal....

Just shop around like a big boy.

 

[Booter]

Obviously you're in the market for a washing machine, complaining on a soccer forum
won't find you a deal....

Just shop around like a big boy.

Whether or not I am in the market for a washing machine is irrelevant! These tariffs have got to go!

And for your information I am not in the market for a washing machine - a friend of mine is. So please let me know if you hear of any sales.

 

[messy]

You are a great example of "a little knowledge is a dangerous thing".

Tell me more about the traditional 7 year loan. And tell us how you got a traditional loan for 2.11% when traditional banks are lending to each other for more than that. Oh I pieced it together alright. You didn’t do anything wrong. You didn’t do anything you said you did from the start. The better deal is cheaper money that also cash flows.

30-yr mortgage, first 7 fixed is quite normal. Do you not know anything?
I will send you my statement. It's a really nice house. I don't cash flow it.

 

[messy]

You represent the worst of the liberal liars who frequent this forum........

You like to think I'm lying, don't you?
I scare you, obviously.

 

[Sheriff Joe]

Trump's washing machine tariffs are costing Americans almost $100 more per appliance
American manufacturers have also jacked up the cost of their appliances, in order to match the higher price of their competitors.

The researchers found that the price of clothes dryers rose in tandem with washing machine price increases, even though dryers weren’t impacted by the tariffs. The study also found that domestically manufacturers raised prices on their washing machines, as well. All the big brands studied raised their prices by a range of 5 percent to as much as 17 percent.

“Firms are operating in competitive markets and they’re going to try to charge what they can,” Dollar said. When that competition is stifled, companies don’t have to worry as much about being priced out of a market if their products are more expensive. “Free trade is a great anti-monopoly policy,” he said.

Despite the president’s contention that the import tariffs on washing machines would create more American jobs, the new study found that the number of jobs created was very small, only around 1,800, but at a cost of $815,000 per job. And although Trump has said that the revenues are collected by the U.S. government from import tariffs, the researchers also found that this is not the case. The tariffs on imported washing machines and machine parts brought in a mere $82 million over the course of a year.

Tariffs can give a boost to the profits of domestic producers, but Dollar said ordinary workers rarely see those gains. “In most companies, it’s primarily benefiting the shareholders. The actual employment generation is usually very small. Firms expect these to be temporary, so they raise prices but they don’t employ more people,” he said. “It’s not an efficient way to create employment.”

https://www.nbcnews.com/business/co...iffs-are-costing-americans-almost-100-n999461

This is why Bruddah Iz loves Trump, but it's clear that Izzy doesn't understand how tariffs work and how they interfere with Markets.

Fake News.

 

[Booter]

Fake News.

I know you are too fucking stupid to understand any of this but I'll post it anyway.

A recent study by economists from the New York Federal Reserve Bank and Columbia and Princeton Universities, entitled “The Impact of the 2018 Trade War on U.S. Prices and Welfare,” found that the principal victims of Trump’s tariff war were American consumers.

“[We] find that the full incidence of the tariff falls on domestic consumers, with a reduction in U.S. real income of $1.4 billion per month by the end of 2018,” it said.

This is an unintended, but certainly not an unanticipated, effect. Trade sanctions always victimize consumers.

And farmers.

When other countries react to what they consider unfair trade practices by the United States, they almost always hit back where it hurts – in farm country. Since China imposed a retaliatory tariff of 25% on American soybeans, farmers who had been exporting most of their beans to China are now storing them in grain bins, where they’re in danger of spoiling. China has made up for the loss by buying more soybeans from Brazil.

 

[nononono]

Whether or not I am in the market for a washing machine is irrelevant! These tariffs have got to go!

And for your information I am not in the market for a washing machine - a friend of mine is. So please let me know if you hear of any sales.

Awwww.....someone else is washing your poopy diapers.
How nice of them.

 

[Bruddah IZ]

You are a great example of "a little knowledge is a dangerous thing".

I can some bubble wrap on.

 

[Bruddah IZ]

Trump's washing machine tariffs are costing Americans almost $100 more per appliance
American manufacturers have also jacked up the cost of their appliances, in order to match the higher price of their competitors.

The researchers found that the price of clothes dryers rose in tandem with washing machine price increases, even though dryers weren’t impacted by the tariffs. The study also found that domestically manufacturers raised prices on their washing machines, as well. All the big brands studied raised their prices by a range of 5 percent to as much as 17 percent.

“Firms are operating in competitive markets and they’re going to try to charge what they can,” Dollar said. When that competition is stifled, companies don’t have to worry as much about being priced out of a market if their products are more expensive. “Free trade is a great anti-monopoly policy,” he said.

Despite the president’s contention that the import tariffs on washing machines would create more American jobs, the new study found that the number of jobs created was very small, only around 1,800, but at a cost of $815,000 per job. And although Trump has said that the revenues are collected by the U.S. government from import tariffs, the researchers also found that this is not the case. The tariffs on imported washing machines and machine parts brought in a mere $82 million over the course of a year.

Tariffs can give a boost to the profits of domestic producers, but Dollar said ordinary workers rarely see those gains. “In most companies, it’s primarily benefiting the shareholders. The actual employment generation is usually very small. Firms expect these to be temporary, so they raise prices but they don’t employ more people,” he said. “It’s not an efficient way to create employment.”

https://www.nbcnews.com/business/co...iffs-are-costing-americans-almost-100-n999461

This is why Bruddah Iz loves Trump, but it's clear that Izzy doesn't understand how tariffs work and how they interfere with Markets.

Did someone say QE?

 

[Bruddah IZ]

30-yr mortgage, first 7 fixed is quite normal. Do you not know anything?
I will send you my statement. It's a really nice house. I don't cash flow it.

Yes I know. It’s your collateralized debt Bozo.

 

[Bruddah IZ]

I know you are too fucking stupid to understand any of this but I'll post it anyway.

A recent study by economists from the New York Federal Reserve Bank and Columbia and Princeton Universities, entitled “The Impact of the 2018 Trade War on U.S. Prices and Welfare,” found that the principal victims of Trump’s tariff war were American consumers.

“[We] find that the full incidence of the tariff falls on domestic consumers, with a reduction in U.S. real income of $1.4 billion per month by the end of 2018,” it said.

This is an unintended, but certainly not an unanticipated, effect. Trade sanctions always victimize consumers.

And farmers.

When other countries react to what they consider unfair trade practices by the United States, they almost always hit back where it hurts – in farm country. Since China imposed a retaliatory tariff of 25% on American soybeans, farmers who had been exporting most of their beans to China are now storing them in grain bins, where they’re in danger of spoiling. China has made up for the loss by buying more soybeans from Brazil.

Chump change compared to 6 straight years of QE.

 

[Hüsker Dü]

Chump change compared to 6 straight years of QE.

. . . and? Where is the damage?

 

[Sheriff Joe]

I know you are too fucking stupid to understand any of this but I'll post it anyway.

A recent study by economists from the New York Federal Reserve Bank and Columbia and Princeton Universities, entitled “The Impact of the 2018 Trade War on U.S. Prices and Welfare,” found that the principal victims of Trump’s tariff war were American consumers.

“[We] find that the full incidence of the tariff falls on domestic consumers, with a reduction in U.S. real income of $1.4 billion per month by the end of 2018,” it said.

This is an unintended, but certainly not an unanticipated, effect. Trade sanctions always victimize consumers.

And farmers.

When other countries react to what they consider unfair trade practices by the United States, they almost always hit back where it hurts – in farm country. Since China imposed a retaliatory tariff of 25% on American soybeans, farmers who had been exporting most of their beans to China are now storing them in grain bins, where they’re in danger of spoiling. China has made up for the loss by buying more soybeans from Brazil.

Really Fake News.

 

[messy]

Yes I know. It’s your collateralized debt Bozo.

Sure is.
I could be really stupid like you and, what was it you said again? Pay more equity into the house so I’d have more equity to borrow against?
You did say that.
All-timer!