Economy 52,835 Posted August 21, 2019 Share Posted August 21, 2019 https://www.bnnbloomberg.ca/u-s-is-very-far-from-a-recession-trump-says-1.1304540 President Trump says the White House is looking into tax cuts to help stimulate the economy and compensate some of the short term damage from the trade wars particularly China Trump says any short term pain from trade war with China is on quote "irrelevant" because it's necessary Nevertheless despite rising projections for a recession in 2020 among economists, Donald Trump refuses to admit economic indicators are forecasting a recession and claims the tax cuts are just part of policies he planned anyway, despite reports to the contrary Link to post Share on other sites More sharing options...
gagarox 1,495 Posted August 21, 2019 Share Posted August 21, 2019 He is so getting re elected. Honestly Trump is far better than Obama . He is keeping Americans first and that is what obama failed to do. Link to post Share on other sites More sharing options...
Mister G 10,512 Posted August 21, 2019 Share Posted August 21, 2019 4 minutes ago, oyeavi said: He is so getting re elected. Honestly Trump is far better than Obama . He is keeping Americans first and that is what obama failed to do. Too early for sarcasm but love it either way. Link to post Share on other sites More sharing options...
Economy 52,835 Posted August 21, 2019 Author Share Posted August 21, 2019 10 minutes ago, MrG1087 said: Too early for sarcasm but love it either way. Sad thing is many ppl won't pay attention to his huge deficits and unsustainable fiscal policies to keep economy hovering from his damaging policies... If unemployment stays low ppl will just hail him for keeping economy strong regardless of how he does it Until the US ends up like Japan with a debt so huge they can't get out of it cuz the interest alone takes up like a third of the budget Link to post Share on other sites More sharing options...
Mister G 10,512 Posted August 21, 2019 Share Posted August 21, 2019 4 minutes ago, Economy said: Sad thing is many ppl won't pay attention to his huge deficits and unsustainable fiscal policies to keep economy hovering from his damaging policies... If unemployment stays low ppl will just hail him for keeping economy strong regardless of how he does it Until the US ends up like Japan with a debt so huge they can't get out of it cuz the interest alone takes up like a third of the budget He’s trying anything and everything at this point because he knows if we end up with another recession, it’ll royally screw over his chances at a re-election. Even more sad; his brainwashed, uneducated supporters (not all just the obvious ones that have blind loyalty) will stand by him regardless and somehow blame Obama or Hillary’s emails for the recession. Link to post Share on other sites More sharing options...
xKorix 156 Posted August 21, 2019 Share Posted August 21, 2019 Trump doubled the deficit in just 2 years. It's back to over a trillion. So much for "fiscal responsibility". Link to post Share on other sites More sharing options...
Economy 52,835 Posted August 21, 2019 Author Share Posted August 21, 2019 Just now, xKorix said: Trump doubled the deficit in just 2 years. It's back to over a trillion. So much for "fiscal responsibility". He's doing everything different from campaign Not just the deficit Just look at his constant criticism of the Fed before he got elected... Saying low rates were causing asset bubbles and unsustainability Now that he's president he's interfearing in the Fed (which he's not supposed to do) and insisting on lower rates to boost economy He even sounded like a kid "the fed should lower rates to put a rocket ship under US economy" Link to post Share on other sites More sharing options...
Mister G 10,512 Posted August 21, 2019 Share Posted August 21, 2019 3 minutes ago, Economy said: He's doing everything different from campaign Not just the deficit Just look at his constant criticism of the Fed before he got elected... Saying low rates were causing asset bubbles and unsustainability Now that he's president he's interfearing in the Fed (which he's not supposed to do) and insisting on lower rates to boost economy He even sounded like a kid "the fed should lower rates to put a rocket ship under US economy" He’s ultimately going to drive us to the point where we file bankruptcy as a country because that seemed to work so well for him. Link to post Share on other sites More sharing options...
Lilmonzter 2,864 Posted August 21, 2019 Share Posted August 21, 2019 Don't nobody care anymore! He does what he wants! Waiting for 2020! When the good people of America elect him again! Sing C'est la vie Link to post Share on other sites More sharing options...
Economy 52,835 Posted August 21, 2019 Author Share Posted August 21, 2019 3 minutes ago, MrG1087 said: He’s ultimately going to drive us to the point where we file bankruptcy as a country because that seemed to work so well for him. Given were in an era of lower interest rates and that the US also has the reserve currency, the US can probably take on a debt load of at least 150% to 160% of GDP (that's over $30 Trillion) if not more before a meltdown... Currently the debt is around 110% of GDP So a crisis would still be years away at the current pace of debt accumulation but it wouldn't make it any more pleasent Government bonds (debt) are kind of the floor for the rest of the bond market. The Governments interest on debt affects the cost of credit for Corporate Bonds including banks indirectly A Country who rates start to surge because they are having a hard time getting enough investors and lenders to fill their hole, results in credit costs for companies and consumers to surge up with it For example, mortgage rates tend to surge if a country can't pay it's debt because the government's demand for bonds makes it harder for companies like banks to attract their own investors for their bonds For example here in Canada last time I checked, 10 year government bonds were 1.8% but most Corporate Bonds were over 3.5% because Corporate Bonds always trade at a premium (usually) Link to post Share on other sites More sharing options...
Guest Posted August 21, 2019 Share Posted August 21, 2019 1 hour ago, oyeavi said: He is so getting re elected. Honestly Trump is far better than Obama . He is keeping Americans first and that is what obama failed to do. I would agree he is much better than Obama, but no they are both bad and do not put America first. Link to post Share on other sites More sharing options...
Born To Slay 10,996 Posted August 21, 2019 Share Posted August 21, 2019 41 minutes ago, Faysalaaa said: I would agree he is much better than Obama, but no they are both bad and do not put America first. He’s better then Obama? Link to post Share on other sites More sharing options...
Born To Slay 10,996 Posted August 21, 2019 Share Posted August 21, 2019 2 hours ago, oyeavi said: He is so getting re elected. Honestly Trump is far better than Obama . He is keeping Americans first and that is what obama failed to do. This is a joke I assume? Link to post Share on other sites More sharing options...
Mythos 3,199 Posted August 21, 2019 Share Posted August 21, 2019 He is so gonna get re-elected... Link to post Share on other sites More sharing options...
Guest Posted August 21, 2019 Share Posted August 21, 2019 25 minutes ago, Born To Slay said: He’s better then Obama? As someone from the Middle East, yes to me hes way better than Obama because I care about foreign affairs. I mean, Obama is even worse than everyone even Bush, specially regarding foreign affairs, terrorism, torture, wars, whistle blowers, spying on people. Also, when someone like Obama is president, everyone goes to sleep and ignore crimes but when Trump is president, everyone talks about government crimes which is a good thing. But truthfully, none of them are better than the other, they all work for the same people and serve the interest of the Military industrial complex, wall street, banks, and corporations. Link to post Share on other sites More sharing options...
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