U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 08-29-2018, 09:10 AM
 
Location: Oregon, formerly Texas
5,242 posts, read 3,393,710 times
Reputation: 8783

Advertisements

Threre's certainly a boom in spin.
Quick reply to this message

 
Old 08-29-2018, 10:20 AM
 
64,517 posts, read 66,075,955 times
Reputation: 42970
The ny fed sees 1.96%... the feds rarely agree with their forecasting and all tend to weight different parameters differently. The St. Louis fed will likely have something different too
Quick reply to this message
 
Old 08-29-2018, 11:02 AM
 
8,504 posts, read 2,387,119 times
Reputation: 8123
SS is going up a bigger amt this year than usual - that means higher COL and inflation, of course.

Yes, for sure anyone who thinks we are in boom times is off their rocker. I have my investment records which reflect a diverse portfolio (thousands of companies and many indexes and bonds) for 30+ years.

Economics is a complex subject. But some others are easier to understand.....

1. Record Health Care Costs
2. Wages - gone nowhere in the last year (and relatively nowhere in 40 years!).
3. Life spans stable or actually decreasing among the middle and lower classes (whites) due to what might be called "hopelessness".
4. The vast majority of any "gains" going to those who don't need them (myself included)....
5. Record overdoses - high suicides - rage related gun violence.
6. Record deficits and debts with no reductions planned or even on the horizon

IMHO, these are "everyday" economic indicators that most people can get their heads around.

As far as the world falling apart....well, some always say it is, some say it isn't. But one thing is for certain. Depressions and Recessions either caused by or set in motion by an administration don't happen quickly. The Great Depression was years in the making and only happened at the end of the "good times" terms. the GWB Great Recession happened after many years of bad economic policy (including "booms").

When the "world falls apart" for YOU, then the prediction is true. More people are starting to file for bankruptcy due to medical costs and many more will do so as the current health care policies are put into place. Their world "ends".

Many other millions - or tens of millions - are "sentenced" to a lifetime of debt, including student debt. People are now being told they shouldn't retire until 70 - a cruel joke!

As bother a futurist and history (and many other things), I have long known that we COULD make things much better in this country. But I liked it to a married couple who live in hell because they fight, argue, spite each other, etc. - they both end up vastly worse off than they could.

We could have much more happiness "of the people". But we'd have to want to do it. As it stands it's not part the plan.
Quick reply to this message
 
Old 08-29-2018, 12:40 PM
 
3,529 posts, read 1,985,593 times
Reputation: 6109
Again with any GDP # you need to look at the changes in inflation and the relative proportions to get the whole story.
Quick reply to this message
 
Old 08-30-2018, 11:36 AM
 
121 posts, read 37,584 times
Reputation: 239
Quote:
Originally Posted by okcthunder1945 View Post
....is labor participation important again? I can't keep up.
It should have been.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top