Geeko Sportivo
Verified User
LET'S HEAR YOUR SOLUTIONS TO THE PROBLEMS- NOT JUST THE PROBLEMS!
You want influence with others? That would be a great start!
Recession?
- Thread starter cawacko
- Start date
LET'S HEAR YOUR SOLUTIONS TO THE PROBLEMS- NOT JUST THE PROBLEMS!
You want influence with others? That would be a great start!
cawacko
Well-known member
I’m still not following why you are so upset that the topic is the economy and its current condition/performance. Whether it’s good, bad, or just putzing along in neutral the economy is always going to be at/near the top of people’s minds. (Maybe you are independently wealthy and therefore the topic is irrelevant to you. A tip of the cap to you if you’ve reached that position.)
Geeko Sportivo
Verified User
No- I am not wealthy!
I have lived 70 years of watching both good and bad economic times, and trust me- I have been a victim and benefactor to many of them.
Economies eventually work their way through all Bad economic times. There are millions of factors and dynamics that have to do with how good or how bad an economy can be.
It's not a switch a president has- he can flick to fix a bad economic time- it often times is not even a switch at the voters booth that fixes bad economies.
Sometimes- it is patience- Sometimes it's perseverance- sometimes it's making the right decisions for you and your family- SOMETIMES IT'S JUST BLIND LUCK!
But Pointing fingers does not help economies. Remaining disgruntled over losing an election doesn't help anything! Constantly blaming your political rivals doesn't resolve anything!
Now again- Tell us what you would do to help resolve the inflation problems we are experiencing!
Let me assure you- You want influence with others?- STOP THE FINGER-POINTING AND TELL US WHAT YOU WOULD DO TO HELP RESOLVE ISSUES.
Constantly nagging about your political adversaries is just politics as usual. Political fights end up as Farting contests!
You want a farting contest! Go ahead- You go first! Let's see how our farting contest helps our economy!
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cawacko
Well-known member
Jesus dude, did you actually read my OP? Where did I name a politician? Where did I name a political party? Where did I blame anyone?
It’s like you’re responding to some other post.
Geeko Sportivo
Verified User
Yes, I read your OP!
Looked like the usual pissing and moaning Trumptards are using to blame Biden for everything imaginable!
What was your purpose for the thread? Be honest! What? Do you think if the country goes into recession that that would automatically be bad for Biden- or the Democrats?
Why did you feel as if you had to point out that the author of the source you used was a liberal!
Does that make a difference?
You know I have read economists points of views all my life- I never even questioned their political affiliations.
Of course that would become clear if economist blamed a president for the Recession.
Did this so called Liberal economist blame Biden for anything?
Should he?
The jist of what he said is we could be heading into a recession!
WHOOPTY DO- I COULD HAVE TOLD YOU THAT!
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The U-3 (the unemployment rate) means little.
It was modified in 1994 to deliberately make the U-3 look better (though few will admit the latter).
https://www.bls.gov/osmr/research-papers/1994/cp940090.htm
It does NOT mean the same now as it did pre-1994.
In fact, it is a joke.
It completely ignores ALL persons who have no job, want a job and are available to work...but (for whatever reasons) have given up looking for work.
That is nuts.
You cannot expect people to look for work forever.
Eventually, they have to make other arrangements - work part time, work under the table, go back to school, etc.
The U-3 used to count these people as unemployed...not any longer.
Now?
If America had only one person working and 200 million people looking for work and ready to work...but had given up working because there was no jobs available?
The official U-3 - in this case - would be 0.0%.
That is utterly ridiculous.
1 person working in ALL of America and the U-3 can be 0.0%.
The U-3 is pathetic.
Even the U-6 is flawed...for various reasons.
The best measure now is the Employment-population ratio.
It is a relatively, pure statistic with no exemptions or alterations.
https://www.bls.gov/charts/employment-situation/employment-population-ratio.htm
As you can see from the above link to the bls, the ratio is still way below what it was before the Great Recession (higher is better).
So no, the employment situation in America is not good.
It NEVER, fully recovered from the Great Recession.
It was modified in 1994 to deliberately make the U-3 look better (though few will admit the latter).
https://www.bls.gov/osmr/research-papers/1994/cp940090.htm
It does NOT mean the same now as it did pre-1994.
In fact, it is a joke.
It completely ignores ALL persons who have no job, want a job and are available to work...but (for whatever reasons) have given up looking for work.
That is nuts.
You cannot expect people to look for work forever.
Eventually, they have to make other arrangements - work part time, work under the table, go back to school, etc.
The U-3 used to count these people as unemployed...not any longer.
Now?
If America had only one person working and 200 million people looking for work and ready to work...but had given up working because there was no jobs available?
The official U-3 - in this case - would be 0.0%.
That is utterly ridiculous.
1 person working in ALL of America and the U-3 can be 0.0%.
The U-3 is pathetic.
Even the U-6 is flawed...for various reasons.
The best measure now is the Employment-population ratio.
It is a relatively, pure statistic with no exemptions or alterations.
https://www.bls.gov/charts/employment-situation/employment-population-ratio.htm
As you can see from the above link to the bls, the ratio is still way below what it was before the Great Recession (higher is better).
So no, the employment situation in America is not good.
It NEVER, fully recovered from the Great Recession.
Attachments
Yeah I don't think so.
cawacko
Well-known member
Did I insult a family member in a previous life? Kind of fascinated by this visceral anger in your responses here.
Here’s a thread I started in 2019, while Trump was President, entitled Recession Signs Everywhere. Discussing current economic conditions is relevant to me but wonder if you would have flown off the handle at me as well if you were posting then?
https://www.justplainpolitics.com/s...ssion-Signs-Everywhere&highlight=John+mauldin
Lightbringer
Loves Me Some Souls
You think cawacko is a Trump guy?
He's not and in a thread about economics you might want to pay attention to what he has to say.
it's gonna get worse. a recession brings lay offs.
Interest rates are going to have to equal inflation numbers to tame inflation
People are going to lose jobs, the economy contracts, we produce less and import more because we are consumers. I dont know where this ends. but a contracting economy is a death spiral
Interest rates are going to have to equal inflation numbers to tame inflation
People are going to lose jobs, the economy contracts, we produce less and import more because we are consumers. I dont know where this ends. but a contracting economy is a death spiral
Lightbringer
Loves Me Some Souls
We don't have "inflation." We have supply problems.
ya ya. we have a contracting economy if the Atlanta Fed is correct
Lightbringer
Loves Me Some Souls
Supply and Demand. It's a real bitch amirite? But there is no magical money fairy changing the value of our currency. It's all supply and demand.
interest rate hikes will monetize debt service.
our cheaper dollars will be needed more not to default = less for production
Hawkeye is actually right. Buckle up. this one is gonna be a hard landing
Lightbringer
Loves Me Some Souls
The dollars aren't cheaper and hawkeye is an idiot. You may be too.
Tell me how this works. And if you say anything about gold I'm going to laugh at your dumbass forever.
gemini104104
Verified User
Try and understand this troll as an apparent economic ignoramus, inflation and recessions are not limited to specifically the U.S but a global issue, and to which that lawlessly hacked in creature tRump and the un-American and un-U.S. GQP got the COVID-19 conspiracy ball rolling at killing off over 800,000 Americas and killing businesses in particular with global implications, and at being within the gutter with the internal and external enemies to wage war on all of humanity who are working with the devil and its fallen angels. Yet, to the God Almighty be the glory!
World Economic Situation and Prospects: June 2022 Briefing, No. 161
Global growth prospects have weakened significantly amid the war in Ukraine
The World Economic Situation and Prospects as of mid-2022 warns that the global economy may be on the cusp of a new crisis, while still recovering from the pandemic. The war in Ukraine has upended the fragile global recovery, triggering a devastating humanitarian crisis in Europe, pushing up food and commodity prices, slowing growth globally and exacerbating inflationary pressures worldwide. Geopolitical and economic uncertainties are dampening business confidence and investment and further weakening short-term economic prospects. Against this backdrop, the world economy is now projected to grow by only 3.1 per cent in 2022 and 2023 (figure 1), marking substantial downward revisions of 0.9 and 0.4 percentage points, respectively, from our previous forecasts released in January 2022. Our baseline outlook faces major downside risks from further intensification of the war in Ukraine, new waves of the pandemic, and faster-than-expected monetary tightening by developed country central banks.
The downgrades in growth prospects are broad-based. Growth in the United States is forecast to slow to 2.6 per cent in 2022 due to high inflationary pressures, aggressive monetary tightening by the Federal Reserve and a strong US dollar, which is weighing on net exports. In China, GDP is projected to expand by 4.5 per cent, a downward revision of 0.7 percentage points, with stringent zero COVID-19 policies adversely affecting growth prospects. Meanwhile, there is an exceptionally heavy toll on the economy of the European Union: its GDP is projected to expand by 2.7 per cent in 2022, 1.2 percentage points lower than expected in January.
The economic prospects for the Commonwealth of Independent States and Georgia are also sharply downgraded. The Russian Federation’s economy is projected to contract by about 10 per cent in 2022. Amid massive destruction of infrastructure, population displacement and disruption of economic activities, the Ukrainian economy is projected to contract by 30 to 50 per cent in 2022:
https://www.un.org/development/desa...onomy is facing,highest level in four decades.
Yet, I would not suggest with a President Biden hater and dumbass attitude to miss the mark on the following:
The Biden Boom: Economic Recovery in 2021
President Joe Biden took office one year ago amid one of the worst economies in generations, but the U.S. economy has since made tremendous progress toward recovery, and workers are benefiting.
January 20 marks one year since President Joe Biden took office: It’s time to take stock of the historic economic boom under his leadership.
Though the United States faces serious economic challenges amid the ongoing global pandemic, 2021 was an extraordinary year of economic growth and recovery. The country saw record job gains and an unprecedented drop in unemployment. The economy likely grew faster than in any year since 1984, as measured by real gross domestic product (GDP). In 2021, the economy not only regained all pandemic-related GDP losses—it also surpassed pre-pandemic levels. Despite elevated inflation, Americans’ disposable incomes were higher in 2021 in real (inflation-adjusted) terms than they were in 2019 and 2020. Additionally, by many important measures such as savings and bank balances, Americans are more financially secure. The United States also made dramatic progress in lowering its exceptionally high rate of child poverty.
None of this was inevitable. Rather, it was the result of bold policies that bolstered the recovery and provided direct aid to households, most importantly the American Rescue Plan Act (ARPA) and the COVID-19 vaccine program. Much of this aid was disbursed to families hit hardest by the devastating economic impact of the pandemic: the unemployed, the poor, and families struggling with the high costs of raising children. Bold federal action helped families make ends meet through additional stimulus checks; expanded unemployment insurance benefits; expanded monthly child tax credit payments; and other policies. These policies addressed weaknesses in the social safety net that became more acute during the pandemic but existed well beforehand. And many of these interventions were temporary. Much work remains to not only ensure a strong recovery but also to extend progress beyond the pre-pandemic status quo toward an economy that works for all."
https://www.americanprogress.org/article/the-biden-boom-economic-recovery-in-2021/
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nothing about gold. im logging off,
modern economies are controlled by how much money is "printed" (digitally created ).
whatever the actual GDP is vs how many dollars are "in print" (circulation)
determines the value of the currency. and currency are traded against one and another
Dollars arent backed by gold, they are backed by how much we can produce (GDP)
More dollars or less GDP ( or a disastrous combination of both) make the money have less purchasing power
Lightbringer
Loves Me Some Souls
You are wrong about the dollars but you are right about logging off because I was about to spank your ignorant ass.
Noking
Fight authoritarianism support Noking
What do you plan on doing about your ignorant ass????????????????????