3.3% GDP !

[anatta]

The economy doesn't operate in a vacuum. It doesn't stop and restart when there's a new President.

Yes the President matters but there is more to the economy than that.

3.3% growth is great. But for Trump supporters I'd be careful giving him all the credit because we are sitting on a massive bubble and if you take credit now you take blame when it pops.

jeese. what are you Debbie Downer?
I realize you hate Trump, but you know de-regulation coupled with tax reform is driving this?

We've had a bubble since quantitative easing..the best way to get around it is real growth

 

[archives]

over ten years? that's peanuts.
any debt will get mitigates by dynamic growth -as opposed to the CBO static scoring that showed the $1.5t

( Obama added like $10t and you're worried about $1.5t??)

https://taxfoundation.org/economic-growth-drives-level-tax-revenue/
People often think of tax revenue as a function of tax rates. If you want to raise more tax revenue, raise tax rates. If you don’t want to lose revenue, don’t cut tax rates.

Reality isn’t so simple. Instead, economic growth is often the key driver of tax revenues.

Here we go, dynamic growth, another trickle down, voodoo economics argument, and in case you were asleep, Obama began his Administration facing a historic economic recession, stimulus was needed to get money into circulation, however if the economy is as good as you previously described why do we need the stimulus now, like adding unnecessary burden on the debt

 

[Cancel 2020.1]

It was a weak recovery that is now a massive bubble. Should we send Obama flowers?

I haven't seen as much on the "bubble" thing over the past few months. Are you still hearing that we're headed for a major correction?

 

[countryboy]

Truth be told, it is a continuation of the Obama economy, economic indicators aren't reset at zero every time a new President takes office, the only thing this President has done is not screw it up, yet

Wait, a continuation of the O'Bama economy? Is that the same O'Bama economy that never saw 3% GDP growth in eight years? THAT O'Bama economy?

 

[anatta]

Here we go, dynamic growth, another trickle down, voodoo economics argument, and in case you were asleep, Obama began his Administration facing a historic economic recession, stimulus was needed to get money into circulation, however if the economy is as good as you previously described why do we need the stimulus now, like adding unnecessary burden on the debt

that is from the Tax Foundation.
It's basic economics that growth drives tax revenues!

who said anything about Obama?
Obama gets credit for quantitative easing and getting us out of the recession.

Trump is the ideal extension. Obama recovery's was job rich but GDP and wage poor.
he clogged it up with spurious regs. That's gone. Now for tax reform ..and BOOM! off we go !

Business in INVESTING - not sitting on profit..that leads to productivity and wage gains (etc.)

 

[cawacko]

I haven't seen as much on the "bubble" thing over the past few months. Are you still hearing that we're headed for a major correction?

(I preface this by saying even smart people are very often wrong). I saw through a Cal Berkeley real conference last week with some high power players and multiple people kept saying we are in an asset bubble. (They pointed to Bitcoin as a prime example).

They said valuations on stocks have little to do with earnings. And there were multiple graphs that showed economic indicators today are at the same point where bubbles have burst previously.

I don't know if there was a consensus but most felt a recession wasn't coming in 2018 (baring some geo-political event) but did see it in '19 or '20.

Obviously if I had the answers I'd be a rich man but I don't. But it was fun/interesting to hear these people say what they did above

 

[archives]

jeese. what are you Debbie Downer?
I realize you hate Trump, but you know de-regulation coupled with tax reform is driving this?

We've had a bubble since quantitative easing..the best way to get around it is real growth

If one has been in office eleven months how does deregulation kick in so fast? Did you think the change happens over night because the President has a photo op?

And the tax reform you are attributing has even made it out of the Senate yet but you got it driving the economy?

As said, the economy is continuing the path set by the previous Administration, it would have been the same regardless of who got elected last year

 

[countryboy]

Here we go, dynamic growth, another trickle down, voodoo economics argument, and in case you were asleep, Obama began his Administration facing a historic economic recession, stimulus was needed to get money into circulation, however if the economy is as good as you previously described why do we need the stimulus now, like adding unnecessary burden on the debt

I'm still waiting for that example of a federal tax cut which has resulted in a decrease in revenue.

Also, when did libs become concerned with the national debt? You're messing with me, right? Ha! Good one.

 

[anatta]

(I preface this by saying even smart people are very often wrong). I saw through a Cal Berkeley real conference last week with some high power players and multiple people kept saying we are in an asset bubble. (They pointed to Bitcoin as a prime example).

They said valuations on stocks have little to do with earnings. And there were multiple graphs that showed economic indicators today are at the same point where bubbles have burst previously.

I don't know if there was a consensus but most felt a recession wasn't coming in 2018 (baring some geo-political event) but did see it in '19 or '20.

Obviously if I had the answers I'd be a rich man but I don't. But it was fun/interesting to hear these people say what they did above

i can't believe that.
While stock valuations are probably higher on speculation ( predicated on corporate tax reform)
then fully real -everything shows business is now going to increase production, and consumer/industrial/commercial spending will follow

 

[Sailor]

If one has been in office eleven months how does deregulation kick in so fast? Did you think the change happens over night because the President has a photo op?

And the tax reform you are attributing has even made it out of the Senate yet but you got it driving the economy?

As said, the economy is continuing the path set by the previous Administration, it would have been the same regardless of who got elected last year

It has nothing to do with that. Businesses and people feel better about who is in office right now compared to who was, and who might have been. All those monies that has been sitting on the sidelines is now being put back into the economy. It really is that simple.

 

[cawacko]

If one has been in office eleven months how does deregulation kick in so fast? Did you think the change happens over night because the President has a photo op?

And the tax reform you are attributing has even made it out of the Senate yet but you got it driving the economy?

As said, the economy is continuing the path set by the previous Administration, it would have been the same regardless of who got elected last year

Is there a set length of time businesses need once they believe deregulation is coming until results are seen?

 

[archives]

that is from the Tax Foundation.
It's basic economics that growth drives tax revenues!

who said anything about Obama?
Obama gets credit for quantitative easing and getting us out of the recession.

Trump is the ideal extension. Obama recovery's was job rich but GDP and wage poor.
he clogged it up with spurious regs. That's gone. Now for tax reform ..and BOOM! off we go !

Business in INVESTING - not sitting on profit..that leads to productivity and wage gains (etc.)

Ah, your point was that "any debt will get mitigates by dynamic growth," same "point" the GOP is employing to rationalize its efforts, but that is conjecture, the growth part is assumed, as I noted, another voodoo economics argument, been there, done that, recall "Reagon proved deficits don't count"

 

[anatta]

If one has been in office eleven months how does deregulation kick in so fast? Did you think the change happens over night because the President has a photo op?

And the tax reform you are attributing has even made it out of the Senate yet but you got it driving the economy?

As said, the economy is continuing the path set by the previous Administration, it would have been the same regardless of who got elected last year

most of those Executive Orders were done in the first month.
They were repeals of Obama's over-regulation

You can 't look at the economic in a vacuum of course -they all work together.

Tax reform is driving the markets for sure - it's "baked in" -but there is also a healthy business climate..

The YUGE mistake now would be NOT TO PASS tax reform -that would snuff out all inertia

 

[FUCK THE POLICE]

Thanks Obama! Now it's time for Trump to ruin your success. Don't worry, we'll fix it again come 2020. It's the Democrats job.

 

[cawacko]

i can't believe that.
While stock valuations are probably higher on speculation ( predicated on corporate tax reform)
then fully real -everything shows business is now going to increase production, and consumer/industrial/commercial spending will follow

You can't believe that the Fed keeping rates at zero for years and now planning to raise rates while reducing their balance sheet would have no effect? Come on man. If money were free why wouldn't rates stay at zero forever?

It's easy to get caught up when times are good and not see the forest for the trees.

 

[FUCK THE POLICE]

most of those Executive Orders were done in the first month.
They were repeals of Obama's over-regulation

You can 't look at the economic in a vacuum of course -they all work together.

Tax reform is driving the markets for sure - it's "baked in" -but there is also a healthy business climate..

The YUGE mistake now would be NOT TO PASS tax reform -that would snuff out all inertia

Inertia = bubble

 

[countryboy]

If one has been in office eleven months how does deregulation kick in so fast?

I'll tell you how. Businesses see that Trump is not going to saddle them with onerous regs, so they are less reluctant to reinvest. It's really that simple.

 

[Cancel 2020.1]

(I preface this by saying even smart people are very often wrong). I saw through a Cal Berkeley real conference last week with some high power players and multiple people kept saying we are in an asset bubble. (They pointed to Bitcoin as a prime example).

They said valuations on stocks have little to do with earnings. And there were multiple graphs that showed economic indicators today are at the same point where bubbles have burst previously.

I don't know if there was a consensus but most felt a recession wasn't coming in 2018 (baring some geo-political event) but did see it in '19 or '20.

Obviously if I had the answers I'd be a rich man but I don't. But it was fun/interesting to hear these people say what they did above

Thanks. In a way, I'm glad they don't see anything for a few years. A lot can happen to change the course of things.

One thing I'd like to see Trump more committed to is the debt. I have always seen that issue as a silver lining when a Republican is elected, but they always let me down, and Trump doesn't look to be any different. They always talk such a big game on it, but I think donors still hold all of the cards in DC.

 

[FUCK THE POLICE]

Businesses and people feel better about who is in office right now compared to who was

If a business honestly feels safer with a lunatic at the head of their country, they deserved to die.

 

[archives]

It has nothing to do with that. Businesses and people feel better about who is in office right now compared to who was, and who might have been. All those monies that has been sitting on the sidelines is now being put back into the economy. It really is that simple.

If it only was "that simple," and if "all those monies that have been sitting on the sidelines is now being put back into the economy" why do we need a tax cut?