Sheriff Joe
DA
Oh, we're used to it alright.
I think you just helped me figure out why Obama spent his 2 terms bent over, he likes it.
The Inevitable New The Inevitable Trump Mocking Thread
- Thread starter Nonononono
- Start date
I think you just helped me figure out why Obama spent his 2 terms bent over, he likes it.
Bruddah IZ
DA
QE is the protectionism you're railing about, genius.
Uh... no. It's not. Quantative easing is not directed the way tarrifs and import duties (and the retaliation) are, genious. Quantitative easing is, in the long run, a "tax", but it is a very different type of tax with a very different effects.
But what is most important to this discussion, QE (or the omnibus bill that "signaled" QE is over - even though it's been clear it's over for at least a year now) is not what moved the market on the day you and racist Joe claimed it did. Yet, you persist in that stupidity because... I have no idea.
Bruddah IZ
DA
QE was not directed? Do tell? Do tariffs and duties distort the market? Did QE distort the market?
Bruddah IZ
DA
QE is debt genius. With the same effect that debt always has. And what "different effects" are you claiming that QE has as opposed to tariffs.
Bruddah IZ
DA
That's been my point all along. You have no idea. You see only what pops out in front of you in the daily news, as most do. The easy albeit wrong, conclusion, that the market is only reacting to tariffs and duties, is all the news or newspapers have time for. You're drawn, like most, to a single industry (steel) as a singular causal mechanism . This is where you people always tend to want to expand the discussion to fit your narrative that the effect of tariffs is larger than the effects of debt. The bond market, a.k.a. debt markets, dwarfs the steel industry. You also fail to realize the similarities in intent of QE and tariffs. Not to mention the outcomes. Just to be clear, I am not a fan of either policy knowing that their effects are the same. They both distort the market by manipulating prices and thus supply and demand.
Sheriff Joe
DA
I was just thinking the same thing.
You sure about the wage claim?
America gets a raise: Wage growth fastest since 2009
by Patrick Gillespie @CNNMoneyFebruary 2, 2018: 10:35 AM ET
http://money.cnn.com/2018/02/02/news/economy/january-jobs-report-2018/index.html
BUSINESS NEWS
JANUARY 31, 2018 / 6:31 AM / 4 MONTHS AGO
U.S. private payrolls rise strongly, wage growth picking up
https://www.reuters.com/article/us-...strongly-wage-growth-picking-up-idUSKBN1FK228
Disneyland Resort offers 36 percent increase in starting wages over three years for Master Services cast members -- one of the most significant increases in its history
Resort offers $15 per hour, two years ahead of California's minimum wage and continues to drive So Cal economy, creating more than 10,000 jobs in last decade
https://www.prnewswire.com/news-rel...icant-increases-in-its-history-300657978.html
Of course, I said none of those things. "You people" actually like to make up things other people said so you can scold. You're a petty pedant who invents positions to rail against. If you think import duties and quotas affect the economy in exactly the same way as quantitative easing, well, you run with that. "They both distort the market by manipulation prices and thus supply and demand" is first week econ 101a. It's like saying HIV and HPV are the "the same, they're viruses that cause the bodies immune system to react." Ok, Dr. Genious. That will save a lot of lives... You're point is too broad to be interesting or informative. ALL national economic policy "distorts the market" - whether it's subsidies, differing tax rates, rebates, immigration/work visa restrictions, tax exclusions, or even simply the contracting policy (for big enough countries and big enough departments) of government departments. This fantasy of some "pure" market, outside of some souk in Raqqa or your local swap meet, maybe, is academic. Now, in the real world, tarrifs don't act "just like" QE anything. That's wrong and you will make stupid economic decision in the short to medium term if you believe it.
Hüsker Dü
DA
First thing that popped up (like always when debunking your cherry picked, individual examples) when I googled average wages (but, once again, nice try):
Slow wage growth is a key sign of how far the U.S. economy remains from a full recovery.
On some fronts, the economy is steadily healing from the Great Recession. The unemployment rate is down, and the pace of monthly job growth is reversing some of the damage inflicted by the downturn. But the economy remains far from fully recovered.
A crucial measure of how far from full recovery the economy remains is the growth of nominal wages (wages unadjusted for inflation). Nominal wage growth since the recovery officially began in mid-2009 has been low and flat. This isn’t surprising–the weak labor market of the last seven years has put enormous downward pressure on wages. Employers don’t have to offer big wage increases to get and keep the workers they need. And this remains true even as a jobs recovery has consistently forged ahead in recent years.
Despite the incomplete nature of the recovery, influential voices are already calling for the Federal Reserve to guard against inflation by raising interest rates to slow the economy. The stakes in this debate are high. Macroeconomic policy (including monetary policy) that prioritized very low rates of inflation over low rates of unemployment is a key reason why real wages have stagnated for the vast majority of American workers in recent decades (as we have shown through our Raising America’s Pay initiative). Widespread wage growth will not occur over the coming years if the Federal Reserve prematurely slows the recovery in the name of fighting prospective inflation.
The following charts–which will be updated regularly when new data are released–help explain why the Fed should hold off on raising interest rates until nominal wages are growing at a much faster pace. Until nominal wages are rising by 3.5 to 4 percent, there is no threat that price inflation will begin to significantly exceed the Fed’s 2 percent inflation target. And it will take wage growth of at least 3.5 to 4 percent for workers to begin to reap the benefits of economic growth–and to achieve a genuine recovery from the Great Recession.
https://www.epi.org/nominal-wage-tracker/
Bruddah IZ
DA
Nobody’s interested in making .20 cents an hour more every year for a decade.
Hüsker Dü
DA
Funny that a government worker like yourself that self-admittedly couldn't make a dime investing during the O admin is fixated on my situation. Worry about yourself, you are the one who has cried about personal finance woes, not me, I'm fine.
Sheriff Joe
DA
Can you even imagine if he gets this done?
Talk about a blood bath in November.
ON AGAIN!
'NOW WE'RE GOING TO DEAL'
Talk about a blood bath in November.
ON AGAIN!
'NOW WE'RE GOING TO DEAL'
Hüsker Dü
DA
You think the Korean vote will be enough to replace those he has lost?Can you even imagine if he gets this done?
Talk about a blood bath in November.
ON AGAIN!
'NOW WE'RE GOING TO DEAL'
Hey, did North Korea denuke yet?
He's no libtard, but you all might want to check out Noah Rothman on the whole NK dance... Or just read this: Trump calls Kim Jong Un's letter to him a "very interesting letter." Then, after a few minutes, says he hasn't opened it yet, and that he could be in for a "big surprise."
He's no libtard, but you all might want to check out Noah Rothman on the whole NK dance... Or just read this: Trump calls Kim Jong Un's letter to him a "very interesting letter." Then, after a few minutes, says he hasn't opened it yet, and that he could be in for a "big surprise."