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Old 08-29-2020, 01:20 PM
 
5,449 posts, read 2,290,054 times
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https://www.youtube.com/watch?v=AlSHz7RRyzI


Joseph Stiglitz : protectionism will backfire
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Old 08-29-2020, 01:36 PM
 
5,760 posts, read 11,061,418 times
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Talks. So. Slow. Bump. The. Speed. To. 1.5.

Overall just silly political nonsense.

Not a Trump Fan, and wish Covid or a Meteor would take BOTH Trump and Biden out. HOWEVER . . . .

US needs to slowly ramp up Broad, General, Reasonable, and Universal Tariffs -- on Everything from Everywhere, no exceptions -- ramp it up slowly from (about) Zero now to about 10%, and hold them there for the next 50 to 100 years to pay down the debt incurred by the last 40 years of Neo-Lib-Hayek-Reaganomics Mass Stupidity.
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Old 08-29-2020, 02:10 PM
 
18,136 posts, read 6,657,374 times
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Let me guess. Paul Krugman and Robert Reich?
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Old 08-29-2020, 02:17 PM
 
16,153 posts, read 14,664,062 times
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Joe Stiglitz is a socialist.
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Old 08-29-2020, 02:49 PM
 
16,153 posts, read 14,664,062 times
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Quote:
Originally Posted by Philip T View Post
Talks. So. Slow. Bump. The. Speed. To. 1.5.

Overall just silly political nonsense.

Not a Trump Fan, and wish Covid or a Meteor would take BOTH Trump and Biden out. HOWEVER . . . .

US needs to slowly ramp up Broad, General, Reasonable, and Universal Tariffs -- on Everything from Everywhere, no exceptions -- ramp it up slowly from (about) Zero now to about 10%, and hold them there for the next 50 to 100 years to pay down the debt incurred by the last 40 years of Neo-Lib-Hayek-Reaganomics Mass Stupidity.


That would be illegal/WTO violation just for starters.
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Old 08-29-2020, 03:04 PM
 
16,153 posts, read 14,664,062 times
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Quote:
Originally Posted by Grlzrl View Post
Let me guess. Paul Krugman and Robert Reich?
Sachs, Krugman, Stiglitz representing the extreme left. Mark Zandi representing the left but a good bit closer to the center. Mo El-Erian nominally representing bond investors, the vid. crapped out before I heard much of what Jim O'Neill said.

Five of the six hate Trump for sure. The other, O"Neill, probably does.
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Old 08-29-2020, 03:15 PM
 
12,026 posts, read 10,613,421 times
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Antagonism toward China started before Trump and will continue after Trump. He just happens to a bubble head. He speaks his mind like a cartoon character with bubbles showing every thought he has. Preventing the rise of a competitive power is codified in US policy. The US reached its limit on how far they could go against Russia since Ukraine and Syria are practically at their doorstep where they were forced to act. US won't go so far as to take them where it could pose an existential crisis for all parties. They've since turned their attention to Iran and China.

I don't watch economists' videos. They generally are employed to represent the interests of some business or political group. I wouldn't necessarily call them left or right. All business and political groups want to be at the front of the line in a recession to make sure they get their bailout because it'll be much harder to get follow-on spending as we've seen. Wall Street is at the very font since the Fed deliberates on its own. Usually, the QE is launched with the initial spending and tax cut bill. Subsequent stimulus becomes much harder to come by since Wall Street interests don't want interest rates rising in spite of QE and ruining their party.

El-Arian is probably the worst and doesn't have any particularly insightful observations. He made his name being second behind William Gross at Pimco when they were in demand for bond commentary. He provided basic commentary on the economy. Stiglitz made his name on identifying bubbles. Big deal. The others generally work for NY money center banks' interests.

Last edited by lchoro; 08-29-2020 at 03:40 PM..
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Old 08-29-2020, 03:22 PM
 
5,449 posts, read 2,290,054 times
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Quote:
Originally Posted by EDS_ View Post
Sachs, Krugman, Stiglitz representing the extreme left.
you don't know what extreme left is
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Old 08-29-2020, 04:53 PM
 
Location: 0.83 Atmospheres
11,382 posts, read 10,440,189 times
Reputation: 11755
Quote:
Originally Posted by Philip T View Post
Talks. So. Slow. Bump. The. Speed. To. 1.5.

Overall just silly political nonsense.

Not a Trump Fan, and wish Covid or a Meteor would take BOTH Trump and Biden out. HOWEVER . . . .

US needs to slowly ramp up Broad, General, Reasonable, and Universal Tariffs -- on Everything from Everywhere, no exceptions -- ramp it up slowly from (about) Zero now to about 10%, and hold them there for the next 50 to 100 years to pay down the debt incurred by the last 40 years of Neo-Lib-Hayek-Reaganomics Mass Stupidity.
Tariffs don’t work the way you think they do.
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Old 08-29-2020, 06:30 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
21,258 posts, read 22,164,931 times
Reputation: 18658
Gloomy, if Trump wins, the Democrat states get angrier and push to "eradicate" covid
via deeper shutdowns.

Biden wins, well, basically the same as if Trump wins....gloomy.
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