The Trump Effect

#279
#279
Not sure where this fits, but this is,quite scary. Not a surprise but scary nonetheless
 
#281
#281
dalton_vol said:
The Dems Are Climbing that millions of people will die. How does one die when they can't watch a play or some show with trans puppets? How does that affect their lives?
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why stop at 14 million.....why don't they claim 50 million deaths..or a hundred million deaths...

 
#287
#287
McDad said:
2% ain't gonna happen, jmac. I would love it but that is fantasyland.
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Is it possible the they’re attempting to use limiting the available work force to moderate runaway growth instead of interest rate increases? Seems like we would still have high inflation if businesses are having to compete harder for labor? Need to figure out some way to get interest rates down to manage the debt.
 
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#288
#288
walkenvol said:
Is it possible the they’re attempting to use limiting the available work force to moderate runaway growth instead of interest rate increases? Seems like we would still have high inflation if businesses are having to compete harder for labor? Need to figure out some way to get interest rates down to manage the debt.
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I don't have any resources to be able to answer the first questions. My gut is leaning toward employment as a inefficient way to regulate growth.
I do know, higher wages contributes to inflation.

Isn't the historical norm for interest about 6-7%?

eta: I checked the chart at fed st louis. our current rate is on par with the late 90s early 2000s, lower than the 70s and early 80s. higher than the 50s and 60s. Except for the mid century the fluctuations up and down were always related to something consequential happening (economy, pandemic, boom / busts)
 
#291
#291
McDad said:
I don't have any resources to be able to answer the first questions. My gut is leaning toward employment as a inefficient way to regulate growth.
I do know, higher wages contributes to inflation.

Isn't the historical norm for interest about 6-7%?

eta: I checked the chart at fed st louis. our current rate is on par with the late 90s early 2000s, lower than the 70s and early 80s. higher than the 50s and 60s. Except for the mid century the fluctuations up and down were always related to something consequential happening (economy, pandemic, boom / busts)
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Higher wages do not necessarily mean inflation. If productivity increases commiserate or better, prices do not have rise. But that typically can result in some workers finding out the actual minimum wage is Zero.
 
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#292
#292
GroverCleveland said:
Higher wages do not necessarily mean inflation. If productivity increases commiserate or better, prices do not have rise. But that typically can result in some workers finding out the actual minimum wage is Zero.
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I am going to restate to make sure I understand. Correct me where necessary.

Wages can increase and as long as the goods produced increase which keeps the cost to consumer on par, then the wages alone will not have an inflationary affect because the cost to purchase goods and services doesn't change.

Correct?
 
#293
#293
McDad said:
I am going to restate to make sure I understand. Correct me where necessary.

Wages can increase and as long as the goods produced increase which keeps the cost to consumer on par, then the wages alone will not have an inflationary affect because the cost to purchase goods and services doesn't change.

Correct?
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Yes.
 
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#296
#296
Oh, no, I cannot think of a time off the top of my head. I think there has been times it occurred overall, although individual pockets in the economy did not see that. My post was that it is not necessarily a foregone conclusion prices will rise.

When I was the managing partner in cotton warehouse back in the 90s we had a massive increase in individual wages, overall decrease in total wages, a phenomenal growth in productivity and a substantial increase in profit.
 
#300
#300
McDad said:
I don't have any resources to be able to answer the first questions. My gut is leaning toward employment as a inefficient way to regulate growth.
I do know, higher wages contributes to inflation.

Isn't the historical norm for interest about 6-7%?

eta: I checked the chart at fed st louis. our current rate is on par with the late 90s early 2000s, lower than the 70s and early 80s. higher than the 50s and 60s. Except for the mid century the fluctuations up and down were always related to something consequential happening (economy, pandemic, boom / busts)
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Outside of war or the depression, we’ve never seen how our economy operates with such a huge debt being serviced so I’m not sure statistical norms apply fully? Google says 39% of individual taxes are currently servicing the debt, but those same taxes only fund 49% of the total budget - there’s a lot of misleading data online to get the accurate numbers which I think are now over 15% of the entire budget. Drive interest rates down to 2.5% and we will lower spending by 10% if I understand the data correctly. To be successful in this term, Trump has to figure out how to lower interest rates without heavy inflation - not an easy task. JMO
 
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