Can a person that actually understands economy, explain if America is doing great under Trump?
It seems like one side is claiming that it's doing great, and the other is claiming the opposite.
I'm no economist, so I don't know what the truth is.
Can a person that actually understands economy, explain if America is doing great under Trump?
Evan Davis
Carson Rodriguez
it's all a meme
things economists look at are so large scale that it doesn't even matter
you don't need to be an economist to see if your local businesses are doing well
Gabriel Young
I’m at university studying economics, final year undergraduate student but by no means am I an “economist” yet, but trump is going against a lot of what popular economic theory espouses, such as being openly protectionist in some of his policies. He is also, due to his twitter use, prone to making financial markets freak the fuck out. The US economy is so powerful however that these things won’t have huge short term negatives, but long term I don’t know.
Colton Wilson
Its not exploding like Trump is claiming but the sky isn't falling either. The markets are very reactionary now, or as buffet puts its like a popularity contest in the short term. Jobs numbers look ok, but wages are stagnant and costs are increasing. It's a rich's man game and the average American inst really benefiting from any of it.
Ian Williams
warning: da jooooos
Justin Long
This, but also the reverse.
The underlying fundamentals (unpaid liabilities, debt of all sorts) are completely out of control and will be impossible to pay off.
The overall impending problems are too big for anyone to think about and remain sane, also too shocking for economists to report on honestly because they'd lose their jobs/respect and would be put in the "kook Ron Paul lol" category.
Within the system as we're allowed to talk about in normal discourse, Trump is doing very good. That doesn't really matter all that much, though, because of greater concerns that will eventually need to be reckoned with. This idea of "growing our way out of debt"--well, okay, but you need more than 4% growth for that, especially if you want to keep public spending at anywhere near the current levels.
Jayden Jackson
As well as this can someone explain how gdp rising is a good thing by itself? Same as the stock markets rising? Doesn't this mean wealthy people are doing better?
Josiah Collins
He's only started to have any effect on the economy in the last few months. Going to take longer than that to see what happens. So far he has only really set up tariffs on canada and China.
Ethan Bennett
I work in a factory that builds $30k-$300k a/c units.We are running assembly lines on Saturday's and Sunday's,which is time and a half and double time.
I'm getting paid $46/hr right now,shitposting.
Henry Gray
>agreed
It will be Obama's economy till at least early 2021
Zachary Wood
The regulation cuts are great, the tax cuts are bad if we do not cut spending, and him increasing the debt is really bad.
The one thing he has is fracking. If America starts to become the number one oil seller, America will get out of debt fast.
Luis Mitchell
a important buercrat engaged with the internett cutting edg man
Eli Hernandez
Too early to tell.
Charles Hughes
tradingeconomics.com
We are doing good. I would like to see our YoY growth hit 5% with the way we are spending money. The real issue is in a few years when we balance the budget and our growth falls back down. Not too much has changed from Obama to Trump. We should get our debt/GDP below the 100% mark.
Levi James
it will be downgraded. its like that time obama had the fed lie and say we had a 6 . trump is just shilling for the republicans while he shits the bed
we wont have factories and we wont have much in the way of trade partners while retail dies. hard to larp as the number one global economy with growing unemployment. hell homelessness is to common to pretend unemployment is below 5%
Jeremiah Bennett
What is debt ceiling these days?
Cameron Green
The unemployment numbers are real but misleading. Checkout labor participation: .
tradingeconomics.com
Our normal unemployment numbers do not cover long term unemployed people or people with short term part time jobs. We have still not recovered from the 2008 crash and there is a whole labor force from 08-12 that are years behind where they should be and are struggling to catch up. Add to that the next crash will have people stop retiring and we have a shit show to come.
Nathan Lee
Corporate America is doing better than it ever has.
Easton Hall
Good goy, keep studying (((Keynesian Economics)))
Kevin Martinez
dunno, but I hear trump's planning on defaulting on it
Michael Barnes
how come every country that developed always protected its own resources and interest?
did they even teach you how countries became rich or do you just learn meme libertarian kikenomics?
you wanna check?
see south korea, see japan, see usa, see the uk, see taiwan.
Samuel Brown
Look at the actual numbers. It is clear that the economy is doing better than it ever has. 4.1% GP increase is insane and not long ago every "economist" was saying how preposterous even 3% was. Not to mention all of the effects from the recent tax cuts and other business-friendly moves have even begun to show in the data. Yes, a businessman that is pro-business is good for the economy.
Aiden Scott
Well, it is true the recovery started long before Grumpf and he just allowed offshored money to come back without taxes ( which is only harmful long term ). I'm convinced a retarded car salesman like Drumpf can crash it yet.
Luis Nelson
Its status quo, we had quarters with the same and in some cases higher numbers
Its all just status quo not any real change, maybe some already wealthy just made even more, 110% you havent noticed anything different in the real world.
Liam Kelly
Electrician here. Crazy busy and here in Dallas construction is going on everywhere.
Wyatt Russell
Cite actual facts and numbers. You are full of shit.
Michael Thomas
Incorrect, it will be Obamas economy till something hugely negative happens, then it'll be Trumps
Cooper Russell
Always a shill behind every meme flag. Don't hate them too much though, they get $0.05 deposited into their shareblue account for each post.
Jayden Gonzalez
>Can a person that actually understands economy, explain if America is doing great under Trump?
>It seems like one side is claiming that it's doing great, and the other is claiming the opposite.
>I'm no economist, so I don't know what the truth is.
The economy is doing the BEST ever! Trump has lowered taxes on corporation and the corporations used that to give money back to employees in bonuses. Also, with less taxes corporations are bring back money to america and reinvesting in more business.
Jobs are best ever! Wages are going higher! Growth was 4.1% which is AWESOME! Confidence in the future business is ALL TIME HIGH!
All because Trump lowered taxes, got rid of regulation that starved business growth.
TRUMP IS ECONOMIC GOD!
That is the truth....
Isaac Reed
Trump has already made so many low-key, fundamental alterations to organizational and regulatory Govt policy/procedure that America will be on solid footing for generations... if the country doesn't immediately elect a fuckwit socialist that ruins it with bullshit utopian fantasy beaurocratic expansion the moment he steps down. Of course, you would need to read all the EO's and incestigate the outcomes yourself because absolutely zero Fake News outlets give him any credit for these positive changes.
Alexander Miller
>The regulation cuts are great, the tax cuts are bad if we do not cut spending, and him increasing the debt is really bad.
There is something called Static Economics and Dynamic Economics. In static economics if you lower taxes 10 percent you lower taxes collected by 10 percent. This is NOT true in REAL life. In real life there are many reactions to an action which changes all the dynamics. The real economic truth is that when you lower taxes 10 percent there is a chain reaction of events which can actually lead to MORE tax collected revenue.
The tax cuts are actually bringing in MORE taxes collected...NOT LESS!
Bentley Harris
Cnc machinist in the north east and I can pull $30-35/hr at the drop of a hat right now. Been doing this almost 15 years and never seen anything like it.
Brandon Mitchell
We need workers so bad that they hired a midget and gave him a little step ladder for him to climb up on and shoot screws.No shit.
Aiden Lewis
Isaiah Peterson
Lurk Less, Study More
Trump is hitting all the right notes on the economy. Is he smart or lucky, I am going to have to go with Lady Luck
Isaiah Cruz
This must be important
Elijah Parker
If you ever thought about going to graduate school but could not get in, now is the time to apply. The employment shortage has created alot of empty seats. A low GPA, from spending your undergraduate years stoned, is no longer a strike against you
Jace Cox
>but wages are stagnant and costs are increasing.
That’s exactly the opposite of what’s happening.
Jayden Mitchell
This is just false. Under trump the economy has hit consecutive quarters higher than any president after ww2
Oliver Howard
GDP in and of itself is just an indicator. It’s
>consumption+investment+government spending+(exports-imports)
Consumption is end point of sale. The shit you buy.
Investment can take all forms, such as investing in the stock market or in capital (equipment and buildings n shit).
And then government spending. When sweden’s GDP went up in spite of mass immigration it was because the government bought out IKEA’s entire stock of beds (government spending plus consumption) to give the refugees.
Exports minus imports is probably the best part of this equation as our imports have slowed and exports have risen.
A much better indicator of our strengthening economy is the 600,000 who have reenteres the workforce and the bulk of that being prime age males (24-52) rather than the Obama’s years when it was prime age males dropping out and retirees going back to work. That’s the indicator to me that we’re actually reversing course.
Jackson Jenkins
>school economics
>economic busts cant/never happen
Dylan Jones
Funny.
Adrian Nguyen
Yes, the economy is improving.
The stock market is over-valued and long overdue a correction.
The yield curve is flattening, which means people in finance are worried about interest rates rising in the future. (A sign the economy is overheating)
Business confidence and consumer confidence are high.
Cameron Cooper
>The stock market is over-valued and long overdue a correction.
The stock market is correctly valued. It was undervalued by 25% when Trump got elected.
>The yield curve is flattening, which means people in finance are worried about interest rates rising in the future.
Or...investors have more options other than the market now that bond yields have finally risen, deregulation has allowed businesses to open and grow, and the tax code is finally allowing growth.
>Business confidence and consumer confidence are high.
Correct. And the market is built on hopes and dreams.