Trump's economy

The Off-Topic forum for anything non-LDS related, such as sports or politics. Rated PG through PG-13.
Post Reply
_Kevin Graham
_Emeritus
Posts: 13037
Joined: Fri Oct 27, 2006 6:44 pm

Trump's economy

Post by _Kevin Graham »

Just so we're clear.

Image
_EAllusion
_Emeritus
Posts: 18519
Joined: Tue Dec 04, 2007 12:39 pm

Re: Trump's economy

Post by _EAllusion »

Trump's economy is mostly just a continuation of the economy under Obama, only with better wage gains due to sustained low unemployment that are being wiped out by comparable inflation increases.

The best thing you can say about Trump here is there were liberals who were predicting that the economy would implode upon Trump taking office and that didn't happen.
_honorentheos
_Emeritus
Posts: 11104
Joined: Thu Feb 04, 2010 5:17 am

Re: Trump's economy

Post by _honorentheos »

The criticism of the Trump economy that I think sticks is that it is being juiced even as it is doing well such that there are very few economic tools left in the box that could be used if (when some would say) it cools down. The Fed rate increase yesterday will inevitably have some cooling effect, the trade wars are likely to have repercussions, and the Fed's forecasting predicted GDP growth in 2020 to have slowed to under 2%...all while we are racking up bigger deficits.
The world is always full of the sound of waves..but who knows the heart of the sea, a hundred feet down? Who knows it's depth?
~ Eiji Yoshikawa
_aussieguy55
_Emeritus
Posts: 2122
Joined: Sat Nov 18, 2006 9:22 pm

Re: Trump's economy

Post by _aussieguy55 »

I notice in the debt clock there is a figure i do not understand
deficit/surplus to GDP ration It is now 4.459 In 2010 it was 8.967 Is it better now?
Hilary Clinton " I won the places that represent two-thirds of America's GDP.I won in places are optimistic diverse, dynamic, moving forward"
_subgenius
_Emeritus
Posts: 13326
Joined: Thu Sep 01, 2011 12:50 pm

Re: Trump's economy

Post by _subgenius »

aussieguy55 wrote:I notice in the debt clock there is a figure i do not understand
deficit/surplus to GDP ration It is now 4.459 In 2010 it was 8.967 Is it better now?

GDP ratio is the Deficit (or Surplus) divided by the GDP. (the green means it was a surplus divided by GDP, red is for Deficit divided by GDP).
Seek freedom and become captive of your desires...seek discipline and find your liberty
I can tell if a person is judgmental just by looking at them
what is chaos to the fly is normal to the spider - morticia addams
If you're not upsetting idiots, you might be an idiot. - Ted Nugent
_Kevin Graham
_Emeritus
Posts: 13037
Joined: Fri Oct 27, 2006 6:44 pm

Re: Trump's economy

Post by _Kevin Graham »

subgenius wrote:
aussieguy55 wrote:I notice in the debt clock there is a figure i do not understand
deficit/surplus to GDP ration It is now 4.459 In 2010 it was 8.967 Is it better now?

GDP ratio is the Deficit (or Surplus) divided by the GDP. (the green means it was a surplus divided by GDP, red is for Deficit divided by GDP).


Explain for us again how the GDP has been affected in such a spectacular way since Trump took office?

Image
_Doctor CamNC4Me
_Emeritus
Posts: 21663
Joined: Mon Jun 15, 2009 11:02 am

Re: Trump's economy

Post by _Doctor CamNC4Me »

I'm wondering how long we can sustain infusing cheap money into the system without either serious inflation. Just watch the first 30 seconds of this Joe Rogan interview (with the hopes it'll hook you into watching the whole thing):

https://www.youtube.com/watch?v=-phSXvHq3Zk

- Doc
In the face of madness, rationality has no power - Xiao Wang, US historiographer, 2287 AD.

Every record...falsified, every book rewritten...every statue...has been renamed or torn down, every date...altered...the process is continuing...minute by minute. History has stopped. Nothing exists except an endless present in which the Ideology is always right.
Post Reply