Usa in weakest recovery since 1949...

MickeyW said:

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era
Despite longevity, total growth during this economic expansion is lower than for much shorter business cycles

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era - Real Time Economics - WSJ

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MickeyW said:

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era
Despite longevity, total growth during this economic expansion is lower than for much shorter business cycles

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era - Real Time Economics - WSJ

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This deregulation produced two systemic outcomes: finance has been freed to become the motor of the economy while the pursuit of greater equality of citizens, as was the focus after the second world war, has been abandoned.

Instead, the notion that an unrestrained pursuit of wealth would trickle-down from rich to poor has been embraced in the mainstream political and economic arenas.

Financial markets, products, and firms now play a much larger role in many areas; from pensions and social insurance to homes and public infrastructure.

Privatisation and the doctrine of maximising value for shareholders have increased the amount of economic activity focused on extracting the largest possible short-term profit. These trends are referred to collectively as ‘financialisation’.

Until now the connections between this increasing prevalence of financial activities and the steady increase in economic inequality have not been clear. But when these two trends reached boiling point in the mid-2000s they fuelled a global collapse of financial systems.

The polarisation of wealth and incomes fed asset bubbles, risky financial activity and necessitated vast levels of household debt – resulting in the 2008 financial crash. With little done since to address these interconnected drivers, the threat of another crisis is very real.

Increasing inequality depresses demand since consumption levels depend more on the wages of those at the lower end of the income scale, than the profits of the wealthy
In the face of stagnating wages, households rely increasingly on debt to maintain their lifestyles with rising asset prices, especially in residential housing, worsening this.
Financial liberalisation allows money to flood into countries with trade deficits, such as the USA and the UK, providing the funds for debt-led consumption.
Snowballing wealth at the top increases risky financial speculation.
Inequality doesn’t bring growth, it brings economic instability

In recent years there has been a marked slowing of growth across the world’s wealthiest economies, with none returning to the growth trends experienced before the crisis. Many have begun to speculate that this stagnation could, in fact, be a permanent development – meaning that wealthy economies are fundamentally unable to create enough demand to keep growing.

The mainstream political consensus has for decades now suggested that inequality is a price worth paying for economic growth.

But new research from the Organisation for Economic Co-operation and Development (OECD) shows definitively that this inequality/growth trade-off is false – adding to a growing body of research showing that inequality actually prevents economies from growing. This points to a fundamental structural flaw in the economy: if the proceeds of growth are not shared, the pie stops growing.
The pursuit of higher returns for the already wealthy within this dwindling pie cannot persist forever. With wealth refusing year on year to trickle down, debt has been used to plug the wage-consumption gap for the rest.
The signals are showing quite plainly that this pursuit of growth, via inequality, is ineffective and unsustainable.

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Master PO said:

oh! you better watch out, you just opened a can of leftist worms.

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iguanaman said:

The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.

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MickeyW said:

Income inequality? Would that be because we have so many inept citizens who can't hold down a job because the most important things to them are their I-phones, sneakers and dope?

Mutts get paid less, a lot less. Some are overpaid.

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MickeyW said:

Income inequality? Would that be because we have so many inept citizens who can't hold down a job because the most important things to them are their I-phones, sneakers and dope?

Mutts get paid less, a lot less. Some are overpaid.

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MickeyW said:

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era
Despite longevity, total growth during this economic expansion is lower than for much shorter business cycles

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era - Real Time Economics - WSJ

Click to expand...

iguanaman said:

The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.



Why inequality is an economic problem | New Economics Foundation

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DA60 said:

the middle class is shrinking. It's been over 8 years with this policy...that is long enough to show that it is FAILED and IT is causing the misery.

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MickeyW said:

Income inequality? Would that be because we have so many inept citizens who can't hold down a job because the most important things to them are their I-phones, sneakers and dope?

Mutts get paid less, a lot less. Some are overpaid.

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MickeyW said:

I do it all the time ..........and when they bitch...........I keep pointing out their denials and hypocrisy.

Leftist worms are canned routinely, all over the the US. :lamo

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DA60 said:

Sooo..your defence of the near-stagnation of the U.S. economy is - 'well, it's better then Europe's which is REALLY lousy'.

Okaaaaay.

That's like bringing a report card home with nothing but 'd's' and telling your parents; 'Well, I am doing a lot better then the dumb kid'.

Somehow, I don't think your parents would reply; 'Oh, well, that is different. Then well done, son'.


All the major western economies (and Japan) are following the same failed economic model - keep interest rates at or below zero and throw as much government/central bank money at the economy that they can. It's been over 8 years and still these economies are not strong enough to stand on their own feet...AND THEY NEVER WILL BE UNDER THIS POLICY; I (and others) said that years ago.

These policies are FAILING...miserably.

And all you have to say is 'well, at least we are doing better then the dumb kid'.


Oh, and some news for you...these failed policies are what is accelerating the income disparity as the rich are getting richer, the poor are growing in numbers and the middle class is shrinking. It's been over 8 years with this policy...that is long enough to show that it is FAILED and IT is causing the misery.

Food stamp usage is over 40 million in America, housing ownership rates are the lowest they have been since the 60's and the M2 money velocity is the LOWEST ON RECORD and still falling (which means people are not spending) and yet the stock market is hitting new record highs.



United States Home Ownership Rate | 1965-2016 | Data | Chart | Calendar



Food Stamps Charts | Matt Trivisonno's Blog

https://fred.stlouisfed.org/series/M2V


It's right in front of your face - and yet still you refuse to look at the plain facts...the economy is stagnating and the cause is too low interest rates and cheap money being dumped on everyone who is rich.


And once again, I despise both parties...I have zero political agenda.

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DA60 said:

Sooo..your defence of the near-stagnation of the U.S. economy is - 'well, it's better then Europe's which is REALLY lousy'.

Okaaaaay.

That's like bringing a report card home with nothing but 'd's' and telling your parents; 'Well, I am doing a lot better then the dumb kid'.

Somehow, I don't think your parents would reply; 'Oh, well, that is different. Then well done, son'.


All the major western economies (and Japan) are following the same failed economic model - keep interest rates at or below zero and throw as much government/central bank money at the economy that they can. It's been over 8 years and still these economies are not strong enough to stand on their own feet...AND THEY NEVER WILL BE UNDER THIS POLICY; I (and others) said that years ago.

These policies are FAILING...miserably.

And all you have to say is 'well, at least we are doing better then the dumb kid'.


Oh, and some news for you...these failed policies are what is accelerating the income disparity as the rich are getting richer, the poor are growing in numbers and the middle class is shrinking. It's been over 8 years with this policy...that is long enough to show that it is FAILED and IT is causing the misery.

Food stamp usage is over 40 million in America, housing ownership rates are the lowest they have been since the 60's and the M2 money velocity is the LOWEST ON RECORD and still falling (which means people are not spending) and yet the stock market is hitting new record highs.



United States Home Ownership Rate | 1965-2016 | Data | Chart | Calendar



Food Stamps Charts | Matt Trivisonno's Blog

https://fred.stlouisfed.org/series/M2V


It's right in front of your face - and yet still you refuse to look at the plain facts...the economy is stagnating and the cause is too low interest rates and cheap money being dumped on everyone who is rich.


And once again, I despise both parties...I have zero political agenda.

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SenorXm/Sirius said:

It is funny how these Trump supporters who say they hate both parties, and say they hate the establishment GOP as much as the Dems only go after and daily attack Obama(who isn't even running in Nov.) and attack the Dems. They never start threads criticizing the GOP, or the GOP failed policies. Actually they still defend those tire old failed establishment GOP policies.

Not only are most Trump supporters less educated, they're also liars.

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iguanaman said:

The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.



Why inequality is an economic problem | New Economics Foundation

Click to expand...

iguanaman said:

The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.



Why inequality is an economic problem | New Economics Foundation

Click to expand...

Fletch said:

So, liberals are educated liars, then? Is that your point? And let me help you through your confusion here. A Trump supporter who is a conservative who has grown tired of the establishment, is still a conservative, and likely still supports a basic conservative agenda. So why would they attack it? They wouldn't. And if you were to pose as an objective critic for a moment, you would see Sanders supporters do exactly the same thing your narrow vision only allows you to see Trump supporters as doing. Hope that help.

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Fletch said:

So, liberals are educated liars, then? Is that your point? And let me help you through your confusion here. A Trump supporter who is a conservative who has grown tired of the establishment, is still a conservative, and likely still supports a basic conservative agenda. So why would they attack it? They wouldn't. And if you were to pose as an objective critic for a moment, you would see Sanders supporters do exactly the same thing your narrow vision only allows you to see Trump supporters as doing. Hope that help.

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