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There's an army of people out there trying to de-legitimize Trump. Reminds me of the economists and "experts" who ALL said the stock market was gonna crash if Trump got elected.
QE has indeed reinflated our markets, but what option was there? Austerity was a disaster for the EU, they had to abandon it after several years of pain and are now in QE....
Obama did not make the mess, and he did what could be done to fix it. If i were to pick out his biggest error it might be not fully acknowledging the pain QE put upon the asset and cash poor. Those with assets enjoyed the improved values and those with access to cash were able to load up.
Obama's admin should have explained the problems better, they should have explained who was being hurt and why, and most importantly they should have laid out a plan to make those people whole again.
Perhaps (i am not sure at all) the best plan would be find ways to make ownership cheaper for lower income people and less attractive to high net worth people. maybe make corp etc have higher holding costs and lower transaction costs to encourage them to sell. But there are smarter folks than me who could figure that out.
hahaha You think the EU tried austerity? In no way shape or form did the EU practice prosperity. The debt to GDP ratio grew, especially in the PIIGS nations. That's the opposite of austerity!!!
I'll make it simple for you. If you cut spending by $1 and revenues drop by $3 that isn't being austere.
Although government expenditure in the PIIGS nations has fallen in 2009-2012, it remains far too high relative to revenues. Accordingly, as their budget deficits have ballooned, governments have borrowed increasingly heavily, and the PIIGS and U.S. Government have borrowed most heavily of all. As a result, since 2009 the average PIIGS government’s debt as a percentage of GDP has risen from ca. 75% to almost 120%, which is only slightly greater than America’s. That’s evidence of profligacy and an even more bloated state―not of genuine austerity and a leaner and fitter state.
You memorized what someone said and didn't look into it.
No doubt those investing bear responsibility. But the cause is bypassing the free market. Don't bypass the free market with easy lending then people don't get "enticed".
Exactly. And it goes to my point, it's always about policy and the ones we should listen to are the ones who've been correct on policy. If you do A, B will be the end result.
Someone you don't know says someone or an entity you don't know, is good on economics. Listen to the ones who have been correct is all I ask. Not saying you're saying differently.
It's made up like trickle down and you fell for it hahahahaha Hey look at me, I use terms like everything bubble.
I asked for proof, you didn't provide any. You could have given one example that I left out. It is something you've danced all around but couldn't name it because that wasn't something you memorized. The stock market bubble maybe?
Again it's very simple. It's called easy credit.
i explained it clearly to you, your just upset and are now acting out. You were directed what to do and you failed to carry out your instructions.
I am sorry you feel the need to be irrational just because you put your foot in it.
hahaha You think the EU tried austerity? In no way shape or form did the EU practice prosperity. The debt to GDP ratio grew, especially in the PIIGS nations. That's the opposite of austerity!!!
I'll make it simple for you. If you cut spending by $1 and revenues drop by $3 that isn't being austere.
You memorized what someone said and didn't look into it.
sure mate and yet it appears the entire world AGREES with ME so hard luck, try harder.
here are some links, i am sure you will cry stamp your feet and pretend austerity is not the term used and pretend somehow you are magically right.
Why should I listen to you? You just made the an absurd economic comment about the EU practicing austerity when in fact they did the opposite.
"Failed to carry out my instructions", beautiful absolutely beautiful.
"put my foot in it" hahaha
dont be upset, nobody is mocking you , just making it clear you are very mistaken. Maybe it was a comprehension issue, you could go back and read my post again, it might help..
I just showed you with FACTS that debt to GDP ration grew in those places. They spent more than they took in. That is the opposite of austerity.
Your "proof" is because someone said. Your posts are becoming more and more absurd.
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