Liberals want a recession

[Mycroft]

You are sort of correct. Right now not much of the tariff costs are making it to the end user. But that is changing rapidly. Right now, profits are being squeezed and some folks are going under. In some areas the extra cost is already making it to market. In 2020, all costs will be passed on.

It is redistributing upward in the sense that profits will not be affected, the non working investor class will not lose income over this but the masses will be paying more for the same products so they will have less.

I suspect you already understand all this and are just being annoying????

Please show me data on the highlighted statement.

Regarding what you are saying about "redistributing upwards", two things:

1. You seem to be talking about Wall Street gamblers when you mention "non working investor class". Don't be too sure they won't lose their shirts, especially if they keep thinking THEY are the US economy. They aren't anymore. Main Street is the US economy.

2. You are making predictions. You should know that, since Trump, predictions based on the Wall Street economy that we've had for the past 30 years or so are very shaky predictions nowadays. That's why the "experts" are getting their predictions wrong so often lately.

 

[imagep]

Because a recession is necessary to be able to have continued growth. If we keep putting it off when it happens....and it will....all the over expansion will come down very fast. That makes for a very big crash.

Why is a recession necessary to have continued growth? Exactly what is necessary about it? How does a temporary decline in GDP increase growth? What's the mechanism that would cause a recession to result in growth that wouldn't have happened otherwise?

 

[WillyPete]

A recession is inevitable because they happen every so many years to correct the stock market. Anyone that has studied the stock market knows this. All you have to do is look at a long term chart of the stock market and see that it has gone up and down from the start until present. WOW! What an amazing revelation revealed. The stock market has been going up and down since it's inception. Can't be. Without Bush or Trump how could this have happened in the past. They must have a time machine and went back in time to cause all the downturns.

No argument from me, except to say that policy has some impact on the frequency and scale of the recessions.

 

[vegas giants]

And you are an economist?

Explain to me how recessions are cyclical.

Oh God. Economies always expand beyond what the market should allow because of over enthusiasm by business in good times. They then must contract for a while to return to normal supply and demand forces. That is the purpose of a recession

 

[vegas giants]

Why is a recession necessary to have continued growth? Exactly what is necessary about it? How does a temporary decline in GDP increase growth? What's the mechanism that would cause a recession to result in growth that wouldn't have happened otherwise?

You find me one economist anywhere in the world that says a free market economy can expand forever

 

[Mycroft]

GDP forecast down a percentage point in Qtr 3 after massive stimulus of tax cut failed to elicit the massive growth Trump predicted.
Stock market crashing because the Treasury bond yields are inverted.
Housing construction down.
Massive increase in Government spending and deficits are not stimulating the economy

The outlook isn't bad but it certainly is not good.

"forecasts" haven't proven to very accurate lately. Dismissed.
Stock market gamblers losing money...I don't give a rat's ass. Manufacturing, jobs, wages...that's what I care about and that's doing very well. Dismissed.
Housing construction down. So what? Dismissed.
I don't want the government to stimulate the economy by spending taxpayer money. I want the government to get out of the damned way. Blame Congress. Dismissed.

 

[Scorps2000]

"forecasts" haven't proven to very accurate lately. Dismissed.
Stock market gamblers losing money...I don't give a rat's ass. Manufacturing, jobs, wages...that's what I care about and that's doing very well. Dismissed.
Housing construction down. So what? Dismissed.
I don't want the government to stimulate the economy by spending taxpayer money. I want the government to get out of the damned way. Blame Congress. Dismissed.

The one thing I worry about is the media "talking" us into a recession.

 

[vegas giants]

The one thing I worry about is the media "talking" us into a recession.

They cant. That is not how it works.

 

[imagep]

You find me one economist anywhere in the world that says a free market economy can expand forever

**** always goes wrong, but with good planning it doesn't have to go wrong very often and what does go wrong can be overcome. Australia has has 27 years of increasing GDP. We could very well go for decades more before something goes so wrong that we are forced into a recession.

At this point, I'm just not seeing any expansion that is abnormal. Inflation is low, job growth is strong but not incredible (has actually marginally slowed down since Trump took office), the stock market isn't flying upwards, actually had a small loss last year and only average growth during the 2.5 years that Trump has been POTUS, no obvious risk of mass mortgage defaults, no obvious risk of a fuel shortgage, or any of the other factors that have resulted in recessions during my lifetime.

So I ask you again, are you an economist?

 

[noonereal]

Please show me data on the highlighted statement.

Regarding what you are saying about "redistributing upwards", two things:

1. You seem to be talking about Wall Street gamblers when you mention "non working investor class". Don't be too sure they won't lose their shirts, especially if they keep thinking THEY are the US economy. They aren't anymore. Main Street is the US economy.

2. You are making predictions. You should know that, since Trump, predictions based on the Wall Street economy that we've had for the past 30 years or so are very shaky predictions nowadays. That's why the "experts" are getting their predictions wrong so often lately.

To the highlighted, I am in business and see it daily.

I so not sit in my basement making chart and bar grafts.

When tariffs hit, I could not pass along the cost increase this represented as I had already sold in (at an agreed price, I was ****ed). It came out of profits and planned expansion. Now, I am selling in at prices that reflect the tariffs and help to recoup some of that lost margin. The retailer needs his margin so he will attach his normal mark up. This ,means the cost of good to the end user will rise or already has. Each product has a different time line from sell in to end user.

 

[imagep]

They cant. That is not how it works.

Potentially it could. Negative attitudes can spread, which could lead to a decline in spending, which would result in business contraction and loss of jobs, which is by definition a recession.

 

[notquiteright]

Conservatives? Who, where are these, conservatives? Conservatism and Trump is are nothing close to teh same. We need to start understanding this.

The rep from the Great state of Iowa, who no matter how racist his rants the wonderful people of that state send him back... Newt Gingrich, Sarah Palin, Karl Rove, pick any birther idiot to include Arpio. Hell no less a Republican- Colin Powell, is on record there are many racists in the GOP.

Tactics like voter roll 'purges' that often eliminate valid voters, claims of illegal voting when often it is a simple address change.

Conservatives voted for Trump, pass his cuts, sit and watch his trade 'wars', don't do a damn thing about the YUGE deficit...

Conservatives have dropped all pretense of fiscal responsibility to keep power, use race and 'nativism' to fire up a white base.

tRump is the cancer produced by the conservative base- we need to start understanding this... eace

 

[vegas giants]

**** always goes wrong, but with good planning it doesn't have to go wrong very often and what does go wrong can be overcome. Australia has has 27 years of increasing GDP. We could very well go for decades more before something goes so wrong that we are forced into a recession.

At this point, I'm just not seeing any expansion that is abnormal. Inflation is low, job growth is strong but not incredible (has actually marginally slowed down since Trump took office), the stock market isn't flying upwards, actually had a small loss last year and only average growth during the 2.5 years that Trump has been POTUS, no obvious risk of mass mortgage defaults, no obvious risk of a fuel shortgage, or any of the other factors that have resulted in recessions during my lifetime.

So I ask you again, are you an economist?

Then you are the only one not seeing it. This is the largest expansion on record. It can not go on forever. Trump could be God himself and he can not stop recession. But he could postpone it by manipulating the Fed.

Then when the recession does come they will have no tools to fix it.....and it will be long

 

[dairyair]

Are the liberals so scared that Trump is going to be re-elected, they want to see the US economy to collapse?
No media bias here, but NBC reporter Richard Engel and idiot Bill Maher want people to loss their jobs and have businesses close if it defeats Trump. They don’t care, they make millions a year.
These two idiots on Friday said they hoped an economic recession would happen in the US so Trump would not be re-elected.
Instead of wishing for a recession try going to the ballet box and vote him out of power if he is so horrible.

1 reporter and a TV show host are 'the liberals'?
I figure, they are just 2 people who happen to be liberal.

 

[Mycroft]

The one thing I worry about is the media "talking" us into a recession.

That's the bulk of the "non-stupid liberals" I was talking about.

 

[noonereal]

The one thing I worry about is the media "talking" us into a recession.

You should thank God every night before you go to sleep for the Main Stream Media.

They are all that separate us from a dictatorship right now.


and yeah, teh media does not cause recession, that is ridiculous.

 

[vegas giants]

Potentially it could. Negative attitudes can spread, which could lead to a decline in spending, which would result in business contraction and loss of jobs, which is by definition a recession.

Or we could just have a recession because we are due

 

[Mycroft]

To the highlighted, I am in business and see it daily.

I so not sit in my basement making chart and bar grafts.

When tariffs hit, I could not pass along the cost increase this represented as I had already sold in (at an agreed price, I was ****ed). It came out of profits and planned expansion. Now, I am selling in at prices that reflect the tariffs and help to recoup some of that lost margin. The retailer needs his margin so he will attach his normal mark up. This ,means the cost of good to the end user will rise or already has. Each product has a different time line from sell in to end user.

So. Anecdotal data.

Never mind.

 

[imagep]

You find me one economist anywhere in the world that says a free market economy can expand forever

Can Economic Growth Continue Forever? Of Course! - Freakonomics Freakonomics

 

[dairyair]

I think it's become or becoming SOP for the R party to put the country into recession.
Bush was the king and tRUMP, per some of his policies, is trying to be the new king in terms of putting the country and world into recession.

Party 1st, seems to be all that matters.

 

[Checkerboard Strangler]

The one thing I worry about is the media "talking" us into a recession.

 

[noonereal]

Then you are the only one not seeing it. This is the largest expansion on record. It can not go on forever. Trump could be God himself and he can not stop recession. But he could postpone it by manipulating the Fed.

Then when the recession does come they will have no tools to fix it.....and it will be long

Exactly.

Thank you.

There is a reason the Fed is independent. It is so politicians can;t cause all hell. I am seriously worried that Trump will somehow wrestle hold of the Fed as he has so many other institutions.

 

[manofknowledge]

"forecasts" haven't proven to very accurate lately. Dismissed.
Stock market gamblers losing money...I don't give a rat's ass. Manufacturing, jobs, wages...that's what I care about and that's doing very well. Dismissed.
Housing construction down. So what? Dismissed.
I don't want the government to stimulate the economy by spending taxpayer money. I want the government to get out of the damned way. Blame Congress. Dismissed.

You can dismiss all you want, it doesn't change the facts.

GDP should have gone up after the tax cuts. That's what Trump predicted. So yes predictions are not very accurate when made from ignorance.

The stock market is way more than gamblers. You do know that shares of a company are what determines the company's value and that value affects their ability to invest and expand don't you?

Trump signed the budget agreement. He brags that he got the spending he wanted.

You do know the government can't be in the way since it creates the economy and provides the infrastructure that makes it work. When the government doesn't do its job as happened in 2007 the economy suffers.

 

[vegas giants]

Exactly.

Thank you.

There is a reason the Fed is independent. It is so politicians can;t cause all hell. I am seriously worried that Trump will somehow wrestle hold of the Fed as he has so many other institutions.

That is my concern too. If he bullies the fed to keep cutting rates we are screwed when the recession does hit

 

[dairyair]

It almost seems that way, doesn't it? Back in the day, conservatives were hoping Obama would flop, now it is liberals. Don't worry, sides will change again eventually. Unless we find out spine and demand more than the party 2 step.

I wish the American people could. There are more Independents now than partisan hacks.
But the system is so corrupt, 3rd or more parties can't get a foothold. R's and D's are really good at working together to keep our system at 2 corrupt parties. Both on the same coin. Behind the curtain, they do a lot together.