Trump Sets Another All-time Economic Record!!

[CID1990]

Well recessions are a bit born from self-fulfilling prophecies.

Theoretically, you can have an indefinitely strong economy without ever running across a recession (as long as good economic practices are maintained). Of course human irrationality makes it nearly impossible. We see "signs" of a recession, horde money, stop investing, sell assets, not hiring, etc...and create a recession.

I believe a recession will happen not because of the inverted yield curve or any other "sign," but companies, investors, and even regular people are beginning to act like a recession is going to happen.

Holy SHIT. Treep and I agree on something!!!

That’s because Howard Zinn didn’t write anything instructive about recessions


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[CitadelGrad]

Well recessions are a bit born from self-fulfilling prophecies.

Theoretically, you can have an indefinitely strong economy without ever running across a recession (as long as good economic practices are maintained). Of course human irrationality makes it nearly impossible. We see "signs" of a recession, horde money, stop investing, sell assets, not hiring, etc...and create a recession.

I believe a recession will happen not because of the inverted yield curve or any other "sign," but companies, investors, and even regular people are beginning to act like a recession is going to happen.

This is entirely wrong. Recessions (and expansions) don't occur because of irrationality. Markets are generally quite efficient and rational. That's why markets move in cycles. It is all quantifiable and has been quantified. Volumes and volumes have been written about market cycles and their causes.

[CAA Flagship]

Well recessions are a bit born from self-fulfilling prophecies.

Theoretically, you can have an indefinitely strong economy without ever running across a recession (as long as good economic practices are maintained). Of course human irrationality makes it nearly impossible. We see "signs" of a recession, horde money, stop investing, sell assets, not hiring, etc...and create a recession.

I believe a recession will happen not because of the inverted yield curve or any other "sign," but companies, investors, and even regular people are beginning to act like a recession is going to happen.

This is entirely wrong. Recessions (and expansions) don't occur because of irrationality. Markets are generally quite efficient and rational. That's why markets move in cycles. It is all quantifiable and has been quantified. Volumes and volumes have been written about market cycles and their causes.

I think you are both right. Recessions START for structural reasons, but fears of the consumers can exacerbate the problem. Especially since we have become an increasingly consumer-driven economy.

[kalm]

This is entirely wrong. Recessions (and expansions) don't occur because of irrationality. Markets are generally quite efficient and rational. That's why markets move in cycles. It is all quantifiable and has been quantified. Volumes and volumes have been written about market cycles and their causes.

I think you are both right. Recessions START for structural reasons, but fears of the consumers can exacerbate the problem. Especially since we have become an increasingly consumer-driven economy.

[AZGrizFan]

This is entirely wrong. Recessions (and expansions) don't occur because of irrationality. Markets are generally quite efficient and rational. That's why markets move in cycles. It is all quantifiable and has been quantified. Volumes and volumes have been written about market cycles and their causes.

I think you are both right. Recessions START for structural reasons, but fears of the consumers can exacerbate the problem. Especially since we have become an increasingly consumer-driven economy.

Dems have been BEGGING for a recession for months. They have stoked the fears and rang the bell trying to generate the public fear....lets see if it works.

[Ivytalk]

I think you are both right. Recessions START for structural reasons, but fears of the consumers can exacerbate the problem. Especially since we have become an increasingly consumer-driven economy.

Dems have been BEGGING for a recession for months. They have stoked the fears and rang the bell trying to generate the public fear....lets see if it works.

Led on CS by that coonass scaremonger HSO.

[Ivytalk]

I think you are both right. Recessions START for structural reasons, but fears of the consumers can exacerbate the problem. Especially since we have become an increasingly consumer-driven economy.

Classic case of insider trading!

[Skjellyfetti]

And the year long Trade War has had no negative effect on the economy. Democrats wishes made the economy tank!!

[Chizzang]

Republicans after 8 years of record growth under Obama:
"There's no way the president effects the economy..."

Republicans 2 years later:
OMG ! Greatest Economic President ever OMG !

[CitadelGrad]

Republicans after 8 years of record growth under Obama:
"There's no way the president effects the economy..."

Republicans 2 years later:
OMG ! Greatest Economic President ever OMG !

Not really. Most Republicans pointed out that economic growth during the Obama years was historically low and job creation was largely in low paying service sector jobs.

[AZGrizFan]

And the year long Trade War has had no negative effect on the economy. Democrats wishes made the economy tank!!

Yeah. That’s exactly what we’re saying.

[AZGrizFan]

Republicans after 8 years of record growth under Obama:
"There's no way the president effects the economy..."

Republicans 2 years later:
OMG ! Greatest Economic President ever OMG !

What direction was the economy going to go when Obama took office? Seriously?

[Chizzang]

Republicans after 8 years of record growth under Obama:
"There's no way the president effects the economy..."

Republicans 2 years later:
OMG ! Greatest Economic President ever OMG !

Not really. Most Republicans pointed out that economic growth during the Obama years was historically low and job creation was largely in low paying service sector jobs.

Most Republicans as in Economists..?
Or most republicans as in these guys

[AZGrizFan]

LOL. Love the “Handgun Production figure.

Well done, Obama!

[Chizzang]

LOL. Love the “Handgun Production figure.

Well done, Obama!

It's there to refute claims... each one of the stats is there for a reason
To refute pro and anti Obama rhetoric

The handgun stat shows that guns were readily available and still are a growing business in America



Gun production is up and violent crime is down
These things refute much of the Liberal misunderstanding of guns

[Chizzang]

dupelicate

[CAA Flagship]

The 2018 Cleveland Browns won 7 more games than the 2017 Cleveland Browns.

[BDKJMU]

Not really. Most Republicans pointed out that economic growth during the Obama years was historically low and job creation was largely in low paying service sector jobs.

Most Republicans as in Economists..?
Or most republicans as in these guys

I count 17 positives things and 8 negative. One HUGE negative that outweighs many others is median household income only up 5.3% (2016) according to the chart. Note it didn’t say ‘Real’ noting inflation adjusted. Looking at an inflation calculator, 2009-2016, cumulative inflation was 11.9%.

Also the chart doesn’t show the anemic economic GDP #s 2009-2016, which one of the top economic measurements.

[Skjellyfetti]

The household income number is adjusted for inflation. It just doesn't say it on the chart.

And, I don't think outside of 2009 GDP growth was anemic, but I guess we can disagree.

[AZGrizFan]

dupelicate

*duplicate

[AZGrizFan]

LOL. Love the “Handgun Production figure.

Well done, Obama!

It's there to refute claims... each one of the stats is there for a reason
To refute pro and anti Obama rhetoric

The handgun stat shows that guns were readily available and still are a growing business in America



Gun production is up and violent crime is down
These things refute much of the Liberal misunderstanding of guns

Gun production is up because the “we’re gonna take your guns” mantra drives skyrocketing gun sales.

[BDKJMU]

The household income number is adjusted for inflation. It just doesn't say it on the chart.

And, I don't think outside of 2009 GDP growth was anemic, but I guess we can disagree.

Well then the FactCheck chart is a shitty chart. Because it says “Median Household Income (2016)” in one block, and in the block right beside it it says “Real Weekly Earnings”. So have the ‘Real ‘ in the latter, and not the former, implies that the latter is inflation adjusted, and the former isn’t. So FactCheck.org failed to fact check their chart for misleading statements. So what else did they fuck up on?

As far as the 8 year annual GDP growth under Obama:
09’ -2.8%
10’ 2.5%
11’ 1.6%
12’ 2.3%
13’ 2.2%
14’ 2.4%
15’ 2.4%
16’ 1.6%
Avg: About 1.5% annually over 8 years. Even if you excluded the recession year its only about 2.3%. That is ANEMIC. And regardless, that would have been 1 of the top 3 economic factors to include in chart whether you think its anemic or not.

Also the chart included the increase in the # of employed, the decrease in the unemployment rate, and ‘job openings’, but not the labor force participation rate, which is a far more common employment report stat that ‘job openings’.

[Skjellyfetti]

Avg: About 1.5% annually over 8 years. Even if you excluded the recession year its only about 2.3%. That is ANEMIC.

You think 2.3% is anemic. Ok.

2017 GDP growth was 2.4%.

I guess that's where you draw the line between anemic and strong? Or, I'm sure you were on here complaining about the anemic GDP growth in 2017?

[AZGrizFan]

Avg: About 1.5% annually over 8 years. Even if you excluded the recession year its only about 2.3%. That is ANEMIC.

You think 2.3% is anemic. Ok.

2017 GDP growth was 2.4%.

I guess that's where you draw the line between anemic and strong? Or, I'm sure you were on here complaining about the anemic GDP growth in 2017?

Lol. And higher than every year but one of obama’s. What was 2018?

[dbackjon]

I think you are both right. Recessions START for structural reasons, but fears of the consumers can exacerbate the problem. Especially since we have become an increasingly consumer-driven economy.

Dems have been BEGGING for a recession for months. They have stoked the fears and rang the bell trying to generate the public fear....lets see if it works.

OK ExpandWa-Griz