Atlanta Federal Reserve Bank Predicts 5.4% gdp growth for Q1 2018

The U6 figure has been going down since 2010 and your LFPR figure just confirms what I stated

 

And the difference between U6 and U3 has been higher than the historical norm. The LFPR is also very low which is exactly what I stated.

 

The difference has been reducing since 2008!

 

Sorry. I assume some people here had an idea of what and how I believe on these issues. If they knew that, they would have seen the last of my post differently than you did. It was a joke, although we do have some on the right who would be fine with competing heads up with slave labor. They would call it the global free market. I would call it the newest ploy to generate the greatest income disparity possible in favor of those few at the top. And that is one reason our Founders did not set up slave labor globalism, but instead protected this nation from the insanity. And the destruction such a system would create, never enabling america to become strong and healthy. But only enriching a few at the top.

 

Of course it has.

 

Dude... YOU brought up the JTC model as a source that the economy is going great.
Fact is, that is that you're wrong.


lol

 

Where did I do that ??

 

You brought the JTC up in post 41. And I disputed your argument of it.
And you now are joining me ripping on the JTC.....
/facedesk

 

Karl Marx was a pseudo-scientist?

 

Political Economy is what Economics would be if it was an actual science. It's a different body of study.

 

That's hilarious. Read the article you linked to in post 48. The link states that the JCT indicated that the cost of the Senate tax plan would be $1.63T and the addition to the national debt would be $1T. It's $1T over ten years. That's ~ $100B per year. That's common knowledge to those who keep up.

Ripping you ?? Come'on man. Read you own links with understanding.

And where did I claim that "the JTC model as a source that the economy is going great."

 

You might consider another view...

https://www.newyorkfed.org/newsevents/speeches/2018/dud180111​

It may be difficult for the Fed to engineer a soft landing, especially if Trump's trade policies disrupt the economy.

 

You probably think supply-side economics is about cutting taxes.

 

What trade policies ??

 

Cutting personal income taxes is Keynesian. The objective of supply side economics is to reduce the gov imposed costs on production/wealth creation.

 

That's news to economists.

 

Says the Obama lover.... what did B-Rock the Kenyan Skidmark do for America, Americans or the economy . I got time , I will wait.

 

i don't like obama, you're going to wait for a longass time

 

Partly. More generally, it's about anything that improves output per input. Reducing government costs are part of it, but improved government infrustructure (roads, bridges, airports, sewers, flood control, etc.) can improve output. Better trained workers, and healthier workers, can help. Tax cuts that encourage private investment in R&D, infrastructure, and job training help.

Trump and Republicans seem inclined to cut red tape, but fall short in areas that involve government spending.

 

You seem to be dismissing it.

 

Your article post 41 predates it. Ergo... YOU brought this up.
And your claim in post 41 is false.

 

The JCT model has been common knowledge for those of us who follow tax reform policy. Your link clearly shows the JCT model output and confirms everything I’ve said.

 

How does gdp affect wages and prices ??

 

That’s ridiculous. Trump is focused on education and infrastructure.

Have you read the Ryan Roadmap yet ??

 

I do have to be honest, bringing manufacturing back IS IN FACT something that could and will start to happen as the rest of the world catches up. I do think Trump can/could bring some of it back, will be interesting to see.

I own a business that makes rubber gloves for a specific industry.

Almost all of the natural rubber is in Malaysia/Indonesia (SE Asia) and all of the companies who make the gloves, including the factory I own a part of, are over there.

I remember getting a call from a company in the MidWest in 2008 for the first time and they showed me their product and wanted an investor. Back then, it was about 110% more expensive overall. I do have to say it was a NOTICEABLY better product however, like, night and day difference in quality. This is an INCREDIBLY price sensitive market however, so in the deals I do even a nickel per case can be the difference in closing a deal.

In 2012 they called me again, they were about 70% more expensive. Last year I talked to them and they were about 40% more expensive.

If Trump put a tax on me making and then bringing gloves over, and that gap continues to close, I could easily see me bringing my manufaucturing plan to the United States.

I am not a huge Trump fan, but on a macro economic level I do think people need to understand HOW mfg could and can be brought back to the US.