My goodness, it's now clear to me that you are so incredibly unfamiliar with the economy that you do not know what the Wealth Effect is. It is a very common term that I assumed everyone knew... but I was wrong -- because you did not know it. Allow me to educate you: The Wealth Effect The “wealth effect” is the premise that consumers tend to spend more when broadly held assets like real estate and stocks are rising in value. https://www.nber.org/digest/aug19/new-estimates-stock-market-wealth-effect When the stock market rises due to expectations of economic growth -- as it has during Trump, then the wealth effect kicks in and delivers further stimulus and growth to the economy. The stock market under Biden rose because of the vast increase in money supply and excessive fiscal stimulus (gov't spending). Under Trump, it's rising for all the right reasons -- growth in profits. Your understanding of finance and the economy is probably lower than a high school level. In contrast, I am a global industrialist. GOOD DAY
Yes the "wealth effect" is just a more academic euphemistic term for "supply side economics". A lot of economists have tunnel vision that often ignores the realities of the day to day lives of a median wage worker as most economists come from privileged backgrounds. I wish the right would have the same respect for economics as a science the same way they view social sciences as a "science". The math of economics makes so many autistic level assumptions about human behavior and they try to disguise it as a science because of math but social sciences use a **** ton of math also. So I wonder why right wing people don't view economics in the same light as "social sciences" and disparage it as a group of people overzealous about how objective their field of study is. The fact that they claim rising real estate evaluations has a downstream positive effect for wealth shows the bubble most economists live in. It's as if most of these people weren't raised in a household struggling to pay rent in their upbringing.
Do you want poors giving you information on the direction of the economy? Doesn't that seem counterintuitive? You want titans of industry, like myself, advising on matters of finance and economics.
Yes absolutely. First we have to delete the idea that there is a intelligence correlation between the poor and the wealthy. Humans are self interested. That means the wealthy will disguise their self interest as beneficial to all. If the goal of sound economic policy from your perspective is that allowing the wealthy elite to accumulate wealth and capital increases the standard of living of the poor, then the poor voting is a good litmus test of whether your theory of economics is accurate because if the poor feel comfortable with their living situation as in the can comfortably afford their basic needs like housing, food, transportation, utilities then they will express that through their vote.
Yea I know people are morons and dont have any financial literacy so they all blame Biden think Trump(whos also a moron) is gonna fix all the problems he caused.
LMAO YEA ITS BECAUSE DEMOCRATS WERE FIXING THE **** AFTER REPUBLICANS CRASHED IT EVERY GOD DAMN TIME. You guys arent good..YOU ARE BAD. https://www.wsj.com/finance/investing/us-deficit-stock-market-presidents-compared-2013d93c
Trump told the world what he wanted to do … raise tariffs/ start trade wars, deport 20 million illegals … and the low information voters heard that Trump would bring back 2019 prices. When will the low information voters fix their “hearing”?
They’ll find out next year when prices don’t come down but rise as tariffs kick in and labor shortages hit agriculture and construction.
The new tariffs haven't even been implemented yet and the liberals at Morgan Stanley in Manhattan are saying we have inflation... Post the whole story, Sam, not just the headline... if you can go beyond the surface on an economic conversation (and I haven't seen that you are capable of such). As an aside, Biden kept a large part of the Trump tariffs in place, and at one point even called for new ones... They are a foreign policy instrument... and if tariffs can stop the unbridled flow of illegals and drugs across the Southern border, then let's do it. Illegals from 97 countries have crossed in the last year. It's a national security problem (invasion of military aged men with limited to no information as to who they are) that voters agree is severe.
I wonder how this will be Nancy Pelosi’s fault. Zero chance that The Convicted Felon does not blame someone else for his ****ups.
as did the Wharton School of Business, Donald Trump's alma mater. Trump Failed 'Trade Tariffs 101' At Wharton
You guys are committing a tactical error by arguing with the sore winner miserable troll folk now that most liberals have left Twitter, it kind of shows how much they are sustained by these fruitless endeavors The point of this thread is not to argue with dead souled Internet losers incapable of feeling joy or having an inner life - it's to document & popularize TRUMPFLATION
So when Trump isnt in office and the stock market is high, that's because of him, but when companies/countries are anticipating the tariffs from Trump, that's different? Also do you even data bro? Have you looked at data on immigration..AT ALL? But you know what Sam is right, I'm done here.
Is there anything better than reading an emotional, passive-aggressive projection from Sam? Nope! GOOD DAY
