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In other world news, Iwog needs to let it go.
2015, 2016,2017 economic prediction articles all had lower monthly job growth predictions .... Population growth matters, labor force growth matters,
total debt is going higher, my model shows 6.2 trillion after 10 years
That is the low point of the range yes, the high point is 13.7 trillion ...variables in that are how long the recession and at what period over the next 10 years since mandatory payouts grow out much larger each year
Who ever came up with the 3% GDP is going to pay for itself model... give that guy a drug test
lol at the OP and the downvote conversation. Someone likes the down arrow.
Try $16-20 trillions over 8 yrs 2017-2024.
Ummmm... You sure? :)
Trump hasn't dropped the Debt to GDP ratio from over 100% back to 60% in a year? What a failure.
I'd suggest you and Patrick go out, have a beer, then decide if you want to contribute on the site anymore. Bury the hatchet. But whining about all the injustices isn't going to get you any sympathy - maybe a face to face RATIONAL constructive conversation about realistic improvements, might be better. Half the time you comment now, I just ignore it because you're always ranting or throwing someone under the bus. You sound like a deranged old man. I think you have a lot of good things to say, but trying to filter through the junk lately is hard to do.
If Mueller had anything, if Trump was guilty of anything, Mueller would be standing in Congress with Trump's severed Balls right now.
Boosh's/Obummer's improvement was 80%+ built on QE/bailout. It is much harder to improve the economy if your rates can't go much lower anymore and are expected to go up instead. Trump has done remarkably so far (mostly by removing red tape). We will see if it holds up now that you can hardly drop rates anymore on every major crack.
Trump became President when the unemployment rate was already running low
Trump brought it down to a remarkable 4.1% in one year.
My fear is, having an unprecedented economic boom, which will cause very high rising wages and inflation, followed by high interest rates.
No different than 100% of typists losing their jobs because of word processors.
How will that impact bonds in your opinion? (NAC etc)
What you wrote is only partially true, Iwog, because wages have not been keeping up with productivity, at least since the 80's.
Does not make sense. If you have a cheap self driving car, the demand will go up. Older people will prefer this to paying for a car and insurance.
So let them go out of business. The money you save will be spent elsewhere, and jobs will be created there.
The same can be true with software as service. More automated, no one has to install anything.
Especially when he's wrong.
Home prices do not have to be more affordable for people to spend more on housing. They will always buy the most they can in an area they want. Just look at Planet Bay Area.
It's not the need, it's the Want. There is no such thing as a peak production economy. Human nature always wants more.
Why not capitalize on the last leg up here, the stock bubble seems inevitable - calls on SPY and QQQ's?
Anyone who took this idiot's advise must be bankrupt by now.
50,000,000 x 1,000= 50,000,000,000 =50 billion. Only need less than half that much at most generous estimates.
Or we could just annex Mexico and build a shorter wall on its southern border to keep out all the MS13 and watermelons.
November 2016: If Trump is elected, market will crash.
However Trump's new tax policy or some sick Congressional-Trump hybrid will cause great damage to our long term economic prospects. Congress is very likely to insert "reforms" to both Social Security and Medicare which will ultimately be nothing more than cutting benefits or putting retirement money at risk in the stock market. The deficit and national debt, OH SO IMPORTANT just a few years ago, will now disappear as an issue and add trillions to misguided citizens who will be told our economy will grow out of it. (worked like that in Kansas) When I say trillions, I mean trillions on top of the debt that continues to accumulate.Should most or all of this occur, expect a boom economy over the next few years. You can't simply inject that much cash into the economy and not expect growth so the stock market should rally for now.
January 2018: Past year boom in stock market - nothing to do with Trump
2. You said this after Trump was elected and the market started moving upwards.
and merely adding a trillion or so over a decade.
What's really stunning is how much debt was run up and yet it did so little.