@Stockolio does not live in the US. He lives in Canada, a progressive country, e.g., Canadian immigration policy uses a point system, points are given if you are well educated, have a lot of assets... but they won't take in the illegals that enter the US.
Wealth Should Trickle Up, Not Down
- Thread starter Stockolio
- Start date
Not trying to argue since I am puzzled by it:
I don't know, US, EU and Japan can just print their way out of debt without any ill effects like inflation, recession and unemployment? Can you explain that to us plebs, professor @tommcginnis.
Why not ain’t they progressive?
He is setting the country up to implode when he in no longer in office. I feel he has been purposely trying to sabotage the next president's term. I suspect he has been planning on this to happen in 2025.
I also suspect that the moment he feels that he may lose next year's re-election, we are going to see some RADICAL policy decisions by him that will rival even Obama's late-term cash dump to Iran.
His narcissism is so full-on loud now it is amazing not many others see (hear) this.
What might you presume the inflation rate to have been the past few years? Less than 2% as the Fed says?
In a more general addressing of some comments in this thread - govt stats are utter BS. Inflation is much higher than 2%, and true unemployment is higher than 3.5% (or 4% as it was mentioned here). That's a non-partisan fact. Lies, damned lies, and statistics. But yea, everyone keep drinking the beltway Kool Aid.
People commenting in this thread are dumb as fuck. Don't bother with them, I lol'd reading comments, dozu says Dow is heading to 40k next year and bone still thinks Oil prices are dictated by Supply/Demand and not Algo's... I wrote about increasing wages to boost Consumption GDP and it turned into democrats vs republicans ? You can raise Consumption through Wage Increase or Debt, that's it... I specifically wrote stagnating Advanced Economies, obviously the US can take a page from it, but they already have highest Consumption GDP in the world, so it's not urgent for them. It would help the US to increase wages across the board, not just minimum wage but it's not as urgent yet, they can push their debt a little further until they become the next china.
For Europe or Japan, Wage growth has to increase without a doubt, implement wage increases of 10 % over 4 years, while reducing Corporate Taxes 10 % over 4 years, reduce a little bit social benefits, and slowly move away from Globalization through Tariffs, by increasing innovation in 3D Printing and Manufacturing Robotics... Legalize weed collect tax revenues and collect more revenues from online gambling and casinos, it's clear as day Monetary Policy is becoming pretty useless and just sky rocketing Inflation, the world doesn't need 5-6 % a year Inflation anymore, it needs better Fiscal Policy in Advanced Economies, better government initiatives.
U3 Unemployment is what they parrot for the Media to feed the sheep's with, if you are out of a job and haven't looked for work in 4 weeks, you aren't considered part of the work force anymore, you suddenly disappear and don't count in data anymore... U6 is a better measure cause it's the total unemployed without that 4 weeks scam, U6 for June 2019 was 7.20 % Unemployment... Full Time employment has been on a decline this year in the US, at a decent pace as well, and they count all those Mickey Mouse part time Uber/Lyft bs jobs as full time employment, imagine if they didn't ? On top of that, don't forget 1 Trillion a year deficit and highest Corporate debt of all time... Employment numbers have become political tools
https://www.google.com/search?q=jap...hUKEwii-I_m8tjjAhXJ5lQKHUVUD14Qth8wAXoECBIQBA
In 2012 Japan's GDP Per Capita was 48K USD equivalent... In 2017 it was 38K USD equivalent, and yet they complain their economy is sagging and lagging, what are they smoking. It's lagging cause nobody has any fucking money to spend except the top tax payers... Is it better to have 1 guy with 100 Million, or 100 guys with 1 Million, in terms of Consumption and economic growth ?
They might be constrained by so much debt and so low interest rates they can't move from a High Savings Surplus Exporting economy, but if they don't move into the US style of High Wage economy, I see Japan economy and GDP withering away... Brain drain is likely to happen and started already, same as Europe, just a useless Zombie holding on to the status quo by controlling Global Monetary resources, and printing it's way to becoming china... Instead of facing issues head on through Fiscal reform, they double down on Monetary policy, which is useless in the medium or long run
In 2012 Japan's GDP Per Capita was 48K USD equivalent... In 2017 it was 38K USD equivalent, and yet they complain their economy is sagging and lagging, what are they smoking. It's lagging cause nobody has any fucking money to spend except the top tax payers... Is it better to have 1 guy with 100 Million, or 100 guys with 1 Million, in terms of Consumption and economic growth ?
They might be constrained by so much debt and so low interest rates they can't move from a High Savings Surplus Exporting economy, but if they don't move into the US style of High Wage economy, I see Japan economy and GDP withering away... Brain drain is likely to happen and started already, same as Europe, just a useless Zombie holding on to the status quo by controlling Global Monetary resources, and printing it's way to becoming china... Instead of facing issues head on through Fiscal reform, they double down on Monetary policy, which is useless in the medium or long run
There is something I would never ever do on this site, and that is to question @bone take/opinion on CL issues. He knows his shit on fossil fuels, man. And YES, crude oil prices ARE dictated by supply an demand, as they have been since the 1800s.
I posted in a different thread before... the CPI is about 70% accurate as the gov does have incentive to fudge.. and yes true unemployment should consider the labor participation rate, which has also been discussed in a recent thread.. was a disaster during the Obama years... but has been stead in the Trump years... but currently, there is so much work out there...
so what is the problem again..
PLEASE tell us which Algos have deeper pockets than the physical trading desks at Saudi Aramco, Sinopec, CNPC, Exxon Mobil, Royal Dutch Shell, Kuwaiti PC, BP, Total, and Lukoil. All the Algo desks in Chicago, Greenwich, Manhattan, London, and Singapore combined wouldn’t have the capital to make up Saudi Aramco’s petty cash ledger
