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I voted false, because the POTUS (regardless of party) has much less of an impact on the economy than people believe, but it sure makes a heck of a tool to trick people into their extreme political corners.
Well, then, they've done a great job of convincing virtually every economists, stock market expert and even the members of the Fed...who at their last meetings blamed trade tensions, etc. for much of the risk......
Not extreme at all...in fact, very intelligent to note that Trump is causing chaos in the markets...and has been for well over a year.
This too will pass...but meanwhile it does real damage to a lot of people. It may be a tweet to you, but it makes vastly amounts of work for millions the world over.
The truth is that people who study hard and work hard make more money.
And people who do not study hard and work hard make less money.
That is the game called life.
I've got to sign off now, but before I do...
First thanks to you and anyone who might "weigh in" one way or another with respect to what's happening with our economy today and why. First thing is to separate the truth from the nonsense as it were...
As for your comment more specifically, I think it is far too simplistic and not really any sort of answer with respect to the health of our economy. Simple, because some people get to study hard at a young age, get a decent job at a young age and do well generally speaking just as I did. Probably you too is my guess.
On the other hand there are millions of Americans not finding it so easy to access even those simple opportunities. I helped hundreds of people get their degrees later in life because they had to drop out of high school for countless of reasons; to help a sick parent, needed to make money to help pay the family bills, bad influence, never really given the direction or inspiration to continue on in school...
Just for starters, and then later they realize what a problem lack of education can be, with not enough blue collar job to help either, they figure getting a GED or college degree as older adults will help. Mostly just helps them get student debt to add to their already bad credit picture.
No doubt the numbers show a very strong correlation between higher levels of income with higher levels of education, but "the game of life" is about much more than simple parables. Please...
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by craigiri
Wasn't this what happened like 130 or more years ago???
Of course capital is more valuable than labor. I am sitting here collecting dividends watching fellas 70 feet in the air outside with chain saws......I'd rather be here.
Everyone can't be a capitalist, otherwise no work would get done
Here's the one basic economic fact that everyone should hardwire into their brains. Economics is governed by the sine wave. It goes up, and goes down, and it goes up, and it goes down. And it will be that same sine wave, with a dampening here and an attenuation there, until the end of time.
Presidents have almost nothing to do with it outside driving minor daily, maybe weekly moves in the stock market that the natural cycle always corrects right after the President shuts up for more than an hour or so. Same thing for all "force applied to natural occurrences" issues. While the force is being applied, it may seem like some guiding hand is driving, but take away the force, and nature excels at resetting and getting right back to sine waves, entropy, quantum mechanics and uncertainty, etc.
And almost all of the points listed in LearnMe's Big List of Subjective Stuff is actual government meddling or a direct result of government meddling, and can most times only be measured via political relativities.
It's political games being played so we ca all discuss how to play political games.
Another rather myopic take I'd say, but no doubt there is lots we might all do well to learn more about when it comes to economics (and before we give Trump credit for anything that looks shiny).
Here's the one basic economic fact that everyone should hardwire into their brains. Economics is governed by the sine wave. It goes up, and goes down, and it goes up, and it goes down. And it will be that same sine wave, with a dampening here and an attenuation there, until the end of time.
Presidents have almost nothing to do with it outside driving minor daily, maybe weekly moves in the stock market that the natural cycle always corrects right after the President shuts up for more than an hour or so. Same thing for all "force applied to natural occurrences" issues. While the force is being applied, it may seem like some guiding hand is driving, but take away the force, and nature excels at resetting and getting right back to sine waves, entropy, quantum mechanics and uncertainty, etc.
And almost all of the points listed in LearnMe's Big List of Subjective Stuff is actual government meddling or a direct result of government meddling, and can most times only be measured via political relativities.
It's political games being played so we ca all discuss how to play political games.
Well said, very few people are able to digest the big picture through their politically biased lenses.
Not to mention the fact that they completely throw by the wayside things like the impact of investors, entrepreneurs, individual companies (small to large), environmental impacts, innovations, and a laundry list of other factors that are all bigger than the block-head we put in power every 4 years.
"Most" Americans is tough to sort out, but with - for example - 46% of Floridians not making it (can't keep head above water) and similar numbers in many other places, we surely are not in any sort of "economic miracle"...
I see chaos mostly sowed by the Orange One...just at the time when we would have finally been recovering from the GWB Recession fully (Real Estate, etc.)....
Now the Fed has confirmed no increases...in other words, they changed their plans from what they were (what they were considered the existing growth before Trump).....
70% of the Trump Harm will occur either after he leaves office or further in (ala GWB). We have seen nothing yet.
Good point about how to measure all these facts in general, but still we must...
I think Trump has done plenty enough harm already and of course things can always get worse, but whether the economy improves or doesn't, at a minimum Americans really do need to properly "connect the dots" with respect to cause/effect that leads us toward better or worse.
I thought this short "laundry list" of what to think about was a good primer for the sort of evaluation more Americans need to better consider and understand, just for starters...
Before we say true or false, we have to separate facts from opinions.
On the facts, well facts are facts. On the opinions, well, you can offer up any opinion you like and it doesn't make it true or false, just an opinion. And you have one push.
So overall, the opinions outweigh the facts, so the "analysis" in total is primarily false or at least non-factual.
Well put, and nicely done in red, but...
Needless to say, opinion is largely based on facts or something else. We all express opinion based on what we THINK are the facts, and as such it is more important to determine whether an opinion is true or not. So, in all these cases that may or may not be opinion far as you are concerned. Okay, fine, opinion, but is the opinion valid? Supported by facts? That's the important question. Is it not?
The economic system in this country mainly works to benefit those in power. - Opinion
Opinion. Yes of course. Call it what you will but true or false? Why or why not?
That's the question. Right?
"So overall, the opinions outweigh the facts, so the "analysis" in total is primarily false or at least non-factual." - Opinion as well (yours). Okay. Fine, but true or false? I think false, but I'm without time to further explain...
I have an opinion that is rooted in evidence, that capital is becoming more valuable than labor. The goods and services that employees are providing are costing more and more relative to their incomes
"Opinion rooted in evidence." I like it...
What I'm talking about!
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