Wealth Should Trickle Up, Not Down

[zdave83]

Pro business environment is a slogan.

Is GDP just a slogan? Is unemployment rate just a slogan? Is employment participation rate just a slogan? Is making US business taxes competitive with the rest of the world just a slogan? Get real.

I do agree that the Fed's monetary policy is the biggest component and has been for a decade. Won't last forever? Tell that to the MMT crowd. To Japan. To the ECB. To the rest of the world banks as each one tries to stay competitive with the other. Not saying it's the right thing to do.

 

[zdave83]

He lives in Boca Raton. You might wanna look that up. Could have something to do with it? Who knows? He doesn’t like Mr T and odds are never will.

Got it. And arguing with TDS really is a waste of time.

 

[themickey]

Ain t gonna read crapolio long posts, but what call should we be fading today?
And yeah, what about those puts? .....

 

[SunTrader]

Is GDP just a slogan? Is unemployment rate just a slogan? Is employment participation rate just a slogan? Is making US business taxes competitive with the rest of the world just a slogan? Get real.

I do agree that the Fed's monetary policy is the biggest component and has been for a decade. Won't last forever? Tell that to the MMT crowd. To Japan. To the ECB. To the rest of the world banks as each one tries to stay competitive with the other. Not saying it's the right thing to do.

One final try for you to get it. Paraphrasing Bush Sr read my lips p o l i c y. Repeat policy.

GDP <> policy. Unemployment rate <> policy. Employment participation rate <> policy.

Business taxes being competitive with the rest of the world while putting tariffs on imports that hurt the poor and middle class in both countries (us and them) is genius ... not. Note also the trade deficit, just like the budget deficit tRump "promised" to lower, continues growing and growing.

 

[Stockolio]

One final try for you to get it. Paraphrasing Bush Sr read my lips p o l i c y. Repeat policy.

GDP <> policy. Unemployment rate <> policy. Employment participation rate <> policy.

Business taxes being competitive with the rest of the world while putting tariffs on imports that hurt the poor and middle class in both countries (us and them) is genius ... not. Note also the trade deficit, just like the budget deficit tRump "promised" to lower, continues growing and growing.

Actually advanced economies will have to implement tariffs on certain products, and Europe will join the bandwagon shortly... I expect the next Conservative PM in Canada to implement a few as well. In a globalized environment, the only way to be competitive is to cut real wages like Germany did since 03 or depreciate currency like Asian countries do... Depreciating currency is the exact same as tariffs, it's protectionism by making imports much more expensive then local production. Globalization only benefited the currency manipulators and wage exploiters, of course Multi Nationals were very happy about Globalization, that's why you see Multi Nationals crying in the US on Tariffs... Trump didn't slap tariffs out of strategy, he doesn't know what he's doing, he did them so he could claim he brought china to the table. But what he did opened the eyes of Economists in Stagnating economies, it was a wake up call of things to come.

Asia has been putting huge tariffs on the rest of the world through depreciating currencies, the rest of world will follow not necessarily with depreciation but tariffs... The good thing about tariffs is that Capex stays locally, 3D Printing and Robotics will be huge in the years to come

 

[ironchef]

You're puzzled alright. The bottom line of the post to which you're replying reads, "Borrowing is a use of credit. Credit = Debt + time. Credit *eventually* must be repayed. "MMT" be damned."

So far USG hasn't paid a penny towards reducing their debt.

 

[zdave83]

One final try for you to get it. Paraphrasing Bush Sr read my lips p o l i c y. Repeat policy.

bla bla bla

One final try for you to get it. Paraphrasing Bush Sr read my lips.

TDS ... seek help.

 

[ElCubano]

Exactly. Money is not the root of our evil, Being broke and poor is the the root of our evil.

This statement is so wrong I don’t want to be right.

Poor don’t cause wars, pollution, fraud, cartels, gang bangers, politicians taking bribes, etc.. It’s often the attachment to material things that cause most of our woes. The fanjul brothers fucking up the Everglades for big sugar, Tabbaco companies hiding evidence they are killing people ( I know don’t smoke I get it), big pharma turning a blind eye to side effects that cause more harm than the good, Car companies hiding evidence of defects that have cost lives, the list goes on papo.

 

[Buy1Sell2]

It is impossible for wealth to trickle up. Thank you for your time.

 

[SimpleMeLike]

This statement is so wrong I don’t want to be right.

Poor don’t cause wars, pollution, fraud, cartels, gang bangers, politicians taking bribes, etc.. It’s often the attachment to material things that cause most of our woes. The fanjul brothers fucking up the Everglades for big sugar, Tabbaco companies hiding evidence they are killing people ( I know don’t smoke I get it), big pharma turning a blind eye to side effects that cause more harm than the good, Car companies hiding evidence of defects that have cost lives, the list goes on papo.

You are right and I agree. I was wrong. You right.