There's been some, one of the issues (which i believe is due to it being passed under the reconciliation process) was that it was enacted immediately. and companies are more deliberate than that, they have already planned for the current fiscal year so it was essentially an unexpected profit, and treated as such. You'll see forward planning occurring which will have an impact though. However there was a shift in the unemployment trend as it had began to stick around 4.3%, but the deregulation agenda and overall confidence probably had the more immediate effect there Demand is essentially infinite, we'd consume the sun if we could, and one day we just may. Practical demand though is a subset of your productivity, ie you consume what you produce (work -> get paid -> buy stuff, sure you can borrow but even that's constrained by your productivity), the faster growing economy, you have to get pretty high up the totem pole (like top 0.0001%) before you reach the point where your demand curve ends, and realistically you probably need to be in the real top 1% before its growth even slows down noticeably (side note here - the statistical top 1% in any given year is about half populated with one off windfall profits from an asset sale, they're not really the top 1%). I'm not sure how strong the economy was, it had 2% growth and 0% interest rates, that's not the signs of a strong economy, it was on life support after the GFC, it had no room at all to absorb any shock of any kind. The Fed is probably the biggest problem in the whole thing (but thats for another place and time), but no matter who controlled it, that economy was skating on thin ice, luckily it never cracked. And honestly, given the global nature of the economy, the demand pull-inflation you're describing would be self correcting to the point it could never get out of control even without the fed's intervention, as any increased productivity would be filled immediately with offshore produce. At least with the current fiscal direction it can, on top of that, it's given leeway to absorb the costs of taking on probably the most important economic factor for the next generation, China, which is probably more important long term than every other factor combined. There's some risk of cost push inflation there, but while the Saudis are running their plea bargain for murder, won't be soon.
Medicare has lowest overhead cost of any insurance company in america (2%). It also gets the best rates of any insurance company in america. So please explain to me how its not working?
You should back up your claims with some numbers because this is trickle down economics which has been debunked already many times over. Most of the corporate tax cuts got paid out to investors - it did not translate into savings. Companies had already had more cash on hand than any point in US history. This idea that the tax cuts by giving them more cash is helping them weather the storm just like someone who loses their job is just...nonsense. Companies don't weather storms by keeping their labor force and losing money - they are in the business of making profit. So when the economy goes south, they cut labor to maximize profit NO MATTER HOW MUCH CASH THEY HAVE. Do you understand that?
The issue with your ideology is that America isn’t in a vacuum. Other countries will use their governments to promote their industries and their growth. While the GOP promoted free markets, industries followed the growth overseas. The race to the bottom has led to outsourcing and a large increase in equality. While the government has grown considerably, so has the power of the private sector.
I don't he actually understands how the economy works, sounds like he is making up something based on his values
Presidents can't really control the economy and magically create GDP or wage growth, they can, however, mess it up in a number of ways. Guess which one we have now. There is not a single thing that Trump can touch that he doesn't damage or destroy. It's going to take decades to rebuild from this ****, if we are ever even able. And Republicans are just as guilty as Trump for enabling it. All for a dumb corporate tax cut bill that had no economic impact and some standard issue federalist society judge hacks on the bench.
Anybody good at reading charts or a believer in wave theory, specifically in a Fibonacci 50% retracement of the Nasdaq from the recent highs of about 8,000, which would set the downward trend to 4,000? I'm thinking about going all in at that low.
Thanks trump! STOCK MARKET TODAY Stocks Collapse As Dow Jones Heads For Worst Month In A Decade https://www.investors.com/market-trend/stock-market-today/stock-futures-stocks-dow-jones-apple-2/
If we can get over 2008 recession which was the biggest financial crisis since great depression we will make it over this. I think the markets were over valued. A correction is not going to hurt. I don't think trumps tax cuts will help for the recovery portion. The government can cut taxes to simulate economy, but when taxes are already low I don't know how you can cut more. Also interest rates are low too which is something else you can cut, but are already low.
So 2008... What you just quoted was the manifestation of an incurable hate-fetish that could not be held back any further. I would not quote an individual in such a state if I were not a licensed psychiatrist.
it appears that this has back-fired---pushing down the market more----w the market plummeting another ~ 460 on Xmas eve. Yet, another self-inflicted wound by the Trump admin, it has stoked more fear
It's almost if as it was planned. No doubt these ****s are shorting the market then tanking it with their antics.
