Topaz Posted November 13, 2016 Report Share Posted November 13, 2016 I just read one person's view of the future of the US economy and it not looking good but then were does it look good in the global economy? The article thinks that some very wealthy person will lose half of their investments and this could cause more un rest in the economy, since the middle-class tax payer is disappearing and maybe the 1% as well. Thoughts? http://www.craigrsmith.com/newsart.php Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 14, 2016 Report Share Posted November 14, 2016 The U.S. economy will continue to have boom and bust cycles just as it always has. Long term debt has actually been monetized down to reduced levels of significance. More debt can still be purchased for a bargain. Middle class wages in the U.S. improved the most in 2015 since records have been kept (1960's). Countries that choose to depend too much on the U.S. economy instead of diversifying will get more of the same. Quote Link to comment Share on other sites More sharing options...
Topaz Posted November 14, 2016 Author Report Share Posted November 14, 2016 Yeah, keep on printing and printing and printing...... Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 15, 2016 Report Share Posted November 15, 2016 U.S. currency is the most popular in the world....need to keep printing ! Quote Link to comment Share on other sites More sharing options...
?Impact Posted November 15, 2016 Report Share Posted November 15, 2016 9 hours ago, bush_cheney2004 said: U.S. currency is the most popular in the world....need to keep printing ! It certainly has a history as being the most popular reserve currency, approx 60% compared to the Euro at about 25%. The Chinese Yuan is a new reserve currency for about a year, it will be interesting to see if it gains a sizeable share. Other major reserve currencies are the Japanese Yen (4%), Pound Sterling (4%). While still small, at just under 2% each, the Canadian dollar and Australian dollar have been the fastest rising reserve currencies over the past 5 years. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 15, 2016 Report Share Posted November 15, 2016 1 minute ago, ?Impact said: ... While still small, at just under 2% each, the Canadian dollar and Australian dollar have been the fastest rising reserve currencies over the past 5 years. It is very easy to get dramatic percentage increases when the basis is very small. Quote Link to comment Share on other sites More sharing options...
?Impact Posted November 15, 2016 Report Share Posted November 15, 2016 3 minutes ago, bush_cheney2004 said: It is very easy to get dramatic percentage increases when the basis is very small. Agreed, that is why I mentioned the Chinese Yuan first. There has been a concerted global effort since 2010 to diversify global reserves. The fast rise of the Canadian and Australian dollar demonstrate how quickly that happened. The relatively flat Euro, GBP, and Yen show that there is a limit, based on the economy of the country/region. I don't see much more upside for the Canadian or Australian dollar because they too are now being limited by the size of their economies. The Yuan however has a long ways to go, and it is just starting, so that will be the interesting one to watch. Quote Link to comment Share on other sites More sharing options...
Wilber Posted November 17, 2016 Report Share Posted November 17, 2016 One (but a big one) bond managers opinion of Trump's economy and what investors should expect. Bill Gross Quote Link to comment Share on other sites More sharing options...
Moonlight Graham Posted November 18, 2016 Report Share Posted November 18, 2016 (edited) America's #1 export the next few years is going to be Mexicans. HA! Edited November 18, 2016 by Moonlight Graham Quote Link to comment Share on other sites More sharing options...
H10 Posted November 28, 2016 Report Share Posted November 28, 2016 The economy will do well under trump for the first 2 years because he will inherit the democrats good economy, then he will destroy it like republicans have always done since they created the great depression the last time they controlled all levers of national government. Bye bye america, can't wait to buy properties in manhattan for $1 like detroit. Quote Link to comment Share on other sites More sharing options...
Bonam Posted November 28, 2016 Report Share Posted November 28, 2016 3 hours ago, hernanday said: The economy will do well under trump for the first 2 years because he will inherit the democrats good economy, then he will destroy it like republicans have always done since they created the great depression the last time they controlled all levers of national government. How is it "the Democrat's good economy" given that the Republicans have controlled the House for the last 5 years and the Senate for the last 2 years? Almost any economy-related action by the government, including all legislation, has to go through the House and Senate, it's not just diktats from the president. It's just the business cycle, which has continued apace for decades regardless of who is in office. Quote Link to comment Share on other sites More sharing options...
H10 Posted November 29, 2016 Report Share Posted November 29, 2016 9 hours ago, Bonam said: How is it "the Democrat's good economy" given that the Republicans have controlled the House for the last 5 years and the Senate for the last 2 years? Almost any economy-related action by the government, including all legislation, has to go through the House and Senate, it's not just diktats from the president. It's just the business cycle, which has continued apace for decades regardless of who is in office. The dems made the good economy from when they had a majority in house, senate and controlled the white house back in 2009-2011, you know when they fixed the economy from the bush crisis and when they passed obamacare. No it is not just the business cycle. Bush, Reagan, Bush sr, Nixon, Great depression, didn't all just happen to have bad economies due to cycles, their bad econonmic policies lead to their corresponding crisises. Gore lost because Clinton was immoral and he was boring. McCain lost because the economy was wrecked. Bush lost because the economy was wrecked. Carter won because the economy was wrecked he lost because Reagan was charming, The republicans always ruin the economy, it is their hall mark. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 29, 2016 Report Share Posted November 29, 2016 (edited) 5 hours ago, hernanday said: The dems made the good economy from when they had a majority in house, senate and controlled the white house back in 2009-2011, you know when they fixed the economy from the bush crisis and when they passed obamacare. Actually, President Obama continued many of the Bush administration's economic policies, including Bush bail outs (e.g. TARP), stimulus, so-called Bush tax cuts, Medicare Part D, record deficits and a rising national debt (Oabama added more than Bush). Edited November 29, 2016 by bush_cheney2004 Quote Link to comment Share on other sites More sharing options...
H10 Posted November 29, 2016 Report Share Posted November 29, 2016 10 hours ago, bush_cheney2004 said: Actually, President Obama continued many of the Bush administration's economic policies, including Bush bail outs (e.g. TARP), stimulus, so-called Bush tax cuts, Medicare Part D, record deficits and a rising national debt (Oabama added more than Bush). 18% of the bush tax cuts were allowed to expire, but 82% of them were kept. Given that Bush just ruined the economy, raising taxes in a large amount was viewed as a bad idea in general. Obama inherited large deficits and a failing crisis economy spinning out of control, to reduce the deficit, would require increased taxes on failing businesses in a major financial crisis. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 29, 2016 Report Share Posted November 29, 2016 (edited) 3 minutes ago, hernanday said: 18% of the bush tax cuts were allowed to expire, but 82% of them were kept. Given that Bush just ruined the economy, raising taxes in a large amount was viewed as a bad idea in general. Obama inherited large deficits and a failing crisis economy spinning out of control, to reduce the deficit, would require increased taxes on failing businesses in a major financial crisis. Perhaps, but the point is that President Obama continued Bush's economic and tax policies. The Democrats continued Bush policies. TARP was signed into law by President Bush, not Obama. Edited November 29, 2016 by bush_cheney2004 Quote Link to comment Share on other sites More sharing options...
H10 Posted November 29, 2016 Report Share Posted November 29, 2016 23 minutes ago, bush_cheney2004 said: Perhaps, but the point is that President Obama continued Bush's economic and tax policies. The Democrats continued Bush policies. TARP was signed into law by President Bush, not Obama. Then your point is wrong. Obama stopped the bad 18% of Bush tax cuts and put a ceiling on them. Obama passed the ARRA, TARP was signed in by Bush but passed by a democratic congress and democratic senate. This was a policy democrats agreed on. Government bailouts are not really anti-democratic. How would the dems, who have tons of bankers and auto businesses going to let the banks and autos fail when the headquarters are all in new york and Pelosi (house speaker) district in Cali or detroit for the autos? It was the American Recovery and Reinvestment Act passed by the dems that staved off the great recession, not tarp. Republicans largely opposed this bill and voted against it, and it wasn't passed until, Feb 2009 when Obama was firmly in office with dems in senate and house. Obama increased the min wage (bush opposed) and passed harp and hamp to save homeowners, somehting republicans opposed. Further affordable healthcare act has nothing to do with bush and is a tax policy and economic policy that Obama is most known for. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 29, 2016 Report Share Posted November 29, 2016 2 minutes ago, hernanday said: Further affordable healthcare act has nothing to do with bush and is a tax policy and economic policy that Obama is most known for. Correct...and it is failing miserably. Good job Democrats ! Please see related thread on a Democratic Party in big trouble: http://www.mapleleafweb.com/forums/topic/26262-democrats-are-in-disarraynot-gop/ Quote Link to comment Share on other sites More sharing options...
H10 Posted November 30, 2016 Report Share Posted November 30, 2016 21 hours ago, bush_cheney2004 said: Correct...and it is failing miserably. Good job Democrats ! Please see related thread on a Democratic Party in big trouble: http://www.mapleleafweb.com/forums/topic/26262-democrats-are-in-disarraynot-gop/ Not at all, obamacare is doing well and many people are signing up and even trump had to back track on repeal and replace. Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 30, 2016 Report Share Posted November 30, 2016 Obamacare is doing just as well as the Democrats are doing at the federal and state level. The U.S. economy is doing better than Canada's. Quote Link to comment Share on other sites More sharing options...
?Impact Posted November 30, 2016 Report Share Posted November 30, 2016 3 minutes ago, bush_cheney2004 said: Obamacare is doing just as well as the Democrats are doing at the federal and state level. The U.S. economy is doing better than Canada's. Not in the 3rd quarter this year, but they both did fairly well (US 3.2%, Canada 3.5%). Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted November 30, 2016 Report Share Posted November 30, 2016 (edited) 42 minutes ago, ?Impact said: Not in the 3rd quarter this year, but they both did fairly well (US 3.2%, Canada 3.5%). Canada's economy actually went into recession last year....the U.S. didn't. Edited November 30, 2016 by bush_cheney2004 Quote Link to comment Share on other sites More sharing options...
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