economy

Daily Economy Thread

Started by Economy with 528 replies so far

I think with Republicans taking control of Congress, there will also be efforts with Obama to pass more trade deals and corporate tax reform. Things that will be a boon for corporate growth and GDP growth in the coming years.

Elections have consequences, and a divided government can be really good for the economy when compromises are struck. Republicans are too tax cut crazy and irresponsible, Dems too spending crazed and regulation-happy. Balance is good.

both democrats and republicans take their views to the extreme :coffee:

But i think Democrats are worse tbh... But thats my opinion :MANiCURE:

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That leaves gold as a safe-heaven.

Gold seems too volatile for me to consider as a safe haven.

Why is Russia restricted in their access to international financial markets?

Edited by Computer

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Gold seems too volatile for me to consider as a safe haven.

Why is Russia restricted in their access to international financial markets?

gold is volatile. But it does best when things are bad and uncertain because its an alternative to equities or corporate bonds (which are at higher risk of default during bad times)

Gold cant loose its value completely like a stock if a company goes bankrupt, or a bond if theres a default

As such gold is a safe-heaven during bad economic times and tends to have the opposite trend of the general markets

When things are good gold drops (unless theres lots of physical demand by jewlery to compensate for it), and goes up when things are bad

Its also tends to rise when inflation is high because over the long term it follows inflation and ppl invest more in gold when inflation ticks up

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So according to an article the US gov will spend 550 billion on defense and military next year. That's 1000x more than my country with a population only 20 times bigger :rip:

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So according to an article the US gov will spend 550 billion on defense and military next year. That's 1000x more than my country with a population only 20 times bigger :rip:

thats 5X more than second biggest spender (China).., and more than the rest of the top 10 combined :rip:

Now theres an economic and financial drain :fail:

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thats 5X more than second biggest spender (China).., and more than the rest of the top 10 combined :rip:

Now theres an economic and financial drain :fail:

howw do they manage to keep debt around 60% like that :rip: dont they have better things to spend it on like education, infraatructure and integration projects for immigrants, etc.?

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howw do they manage to keep debt around 60% like that :rip: dont they have better things to spend it on like education, infraatructure and integration projects for immigrants, etc.?

60%? Their debt is more like 107% of GDP

Unless ur talking about foreign debt or debt balance (debt in relation to debt US investors have of other Countries)

In any case their infrastructure is bad in many parts and their business taxes and corporate taxes are not as competitive as they once were

I made a comparison the other day and i was shocked to see how theres like no gap between the US and Canada tax wise anymore

Our income taxes are roughly the same overall (although Canada has higher Provincial taxes and the US higher Federal taxes). Only the top income bracket is higher in Canada

Canada has much lower Corporate taxes (15% in Canada, over 30% in the US), lower investment taxes and general business taxes

Canada does still have higher import taxes and sales tax over-all

But basically the US is suppostu be the Capitalist one and Canada the socialist one and theres like no gap anymore (probably cuz weve had conservatives for almost 10 years and the US has had democrats for some time)

Needles to say, Burger King moved their headquarters to Canada out if the US for a reason. They are becoming very business unfriendly :shrug:

Edited by Economy

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60%? Their debt is more like 107% of GDP

Unless ur talking about foreign debt or debt balance (debt in relation to debt US investors have of other Countries)

In any case their infrastructure is bad in many parts and their business taxes and corporate taxes are not as competitive as they once were

I made a comparison the other day and i was shocked to see how theres like no gap between the US and Canada tax wise anymore

Our income taxes are roughly the same overall (although Canada has higher Provincial taxes and the US higher Federal taxes). Only the top income bracket is higher in Canada

Canada has much lower Corporate taxes (15% in Canada, over 30% in the US), lower investment taxes and general business taxes

Canada does still have higher import taxes and sales tax over-all

But basically the US is suppostu be the Capitalist one and Canada the socialist one and theres like no gap anymore (probably cuz weve had conservatives for almost 10 years and the US has had democrats for some time)

Needles to say, Burger King moved their headquarters to Canada out if the US for a reason. They are becoming very business unfriendly :shrug:

The US is doing so well right now, but I am sure it will not last that long.. hello new worldwide crisis.

 

I thought that the US debt was around the 60~70% range, but if it's 107% :deadbanana: that's almost as bad as Ireland or Italy. They could easily cut about 50% of their defense budget and lower taxes or make the education/infrastructure better. I think that the US will not grow as fast as it is right now for a long time tbh...

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The US is doing so well right now, but I am sure it will not last that long.. hello new worldwide crisis.

 

I thought that the US debt was around the 60~70% range, but if it's 107% :deadbanana: that's almost as bad as Ireland or Italy. They could easily cut about 50% of their defense budget and lower taxes or make the education/infrastructure better. I think that the US will not grow as fast as it is right now for a long time tbh...

U.S. Spending..military and social welfare to be specific are the problem...

Leaders take advantage of the dollars benchmark position in the international markets... China specifically buying up a majority lof the bonds that pay for the debt... What's scarey to me is that spending cuts will hurt the economy as several manufacturing and comodity markets depend on gov. Military contracts,,,


like a cat in a sil, I watch life, moving&still, proceed across my face, I leave no trace.My words give a clue,look inside to see whats true

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I think the drop in oil prices is more political and driven by Soviet and Iranian aggressive stance against NATO countries.... Ukrain and Israel are the two centeral conflicts here ... saudi's recognize their own peril if Israel is defeated and are using their huge financial reserves to ride out the price drop in in oil


like a cat in a sil, I watch life, moving&still, proceed across my face, I leave no trace.My words give a clue,look inside to see whats true

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I think the drop in oil prices is more political and driven by Soviet and Iranian aggressive stance against NATO countries.... Ukrain and Israel are the two centeral conflicts here ... saudi's recognize their own peril if Israel is defeated and are using their huge financial reserves to ride out the price drop in in oil

its also OPEC related... their power has dropped because of the oil boom in non-opec Countries (Canada, Brazil and especially the US) and there is this glut now with eccess production

 

OPEC would have to cut production more than they have in the past to lift prices since they make up a smaller percentage of market share than they used to... and if they lift prices by making cuts they will just continue to support the recent boom in non-conventioanl reserves (oil sands and shale)

 

OPEC doesnt have much power so all they can do is let prices drop and hope that kills teh North American energy boom

 

in my opinion its more than than anything else :shrug:

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The US is doing so well right now, but I am sure it will not last that long.. hello new worldwide crisis.

 

I thought that the US debt was around the 60~70% range, but if it's 107% :deadbanana: that's almost as bad as Ireland or Italy. They could easily cut about 50% of their defense budget and lower taxes or make the education/infrastructure better. I think that the US will not grow as fast as it is right now for a long time tbh...

 

U.S. Spending..military and social welfare to be specific are the problem...

Leaders take advantage of the dollars benchmark position in the international markets... China specifically buying up a majority lof the bonds that pay for the debt... What's scarey to me is that spending cuts will hurt the economy as several manufacturing and comodity markets depend on gov. Military contracts,,,

u can make cuts to military and allocate it somehwere else like infrastructure which also helps the economy and creates jobs

 

if ur gonna overspend, it might as well be in an investment not a financial drain (military)... if they dont wanna make cuts, then simply re-allocate where they spend it

 

and the cuts to military dont have to be sudden. it can be gradual cuts over a period of a few years

 

If the US slashed military spending in half they would still have the largest military by far

 

Also military is less important than it once was. In the modern world economy is more important. With Russia we did economic sanctions by making trade bans and freezing accounts, we didnt bomb the crap out of them.

 

As the world becomes more civilized and military becomes more dangerous... military will be kept on reserve more and more while using the economy as a weapon will be used more and more :coffee:

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u can make cuts to military and allocate it somehwere else like infrastructure which also helps the economy and creates jobs

 

if ur gonna overspend, it might as well be in an investment not a financial drain (military)... if they dont wanna make cuts, then simply re-allocate where they spend it

 

and the cuts to military dont have to be sudden. it can be gradual cuts over a period of a few years

 

If the US slashed military spending in half they would still have the largest military by far

 

Also military is less important than it once was. In the modern world economy is more important. With Russia we did economic sanctions by making trade bans and freezing accounts, we didnt bomb the crap out of them.

 

As the world becomes more civilized and military becomes more dangerous... military will be kept on reserve more and more while using the economy as a weapon will be used more and more :coffee:

Very true.. military is needed gor missions like Mali and Eritrea, which dont need that much military. Russia indeed can be destroyed with sanctions. But things likr the North Korean border (20000 US militaries) are quite important.

I wonser where all the defense money goes to tbh. Mexico could use some.

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Very true.. military is needed gor missions like Mali and Eritrea, which dont need that much military. Russia indeed can be destroyed with sanctions. But things likr the North Korean border (20000 US militaries) are quite important.

I wonser where all the defense money goes to tbh. Mexico could use some.

yeah. But the US likes their big military. Indont think they will ever give it up.

Speaking if US, i just updated the thread with new news

They starting to push mortgages with little downpayment again!!!

Here in Canada we have insurance too for lower downpayments but its a minimum of 5% downpayment and theres a limit to how many mortgages banks can offer this to and even then ppl think its a bad idea

In the US its 3% downpayment and no limit :omg:

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I'm excited about the risky US lending because I wanna buy another house :rofl:


Jane Fonda cured my vaginal arthritis | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ

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