Announcement

Collapse
No announcement yet.

Do you remember the collateralized debt obligations (CDOs)? Welcome today's CLOs

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • wolfhnd
    replied
    The title of the original post sets up the question of who goes into financial services instead of being entrepreneurs. That leads to the question of how imagination is related to merit. If the rewards in society are too closely tied to manipulation not invention how can the meritocracy be maintained?

    Leave a comment:


  • wolfhnd
    replied
    Originally posted by craven View Post

    um way to toss out a redherring to start leading from behind is a foreign policy issue not an economic one
    Remember the cold war and how that was won? Capitalism crushed socialism.

    These forums are the perfect environment for floating new ideas but when the same old arguments are made over and over, especially those from the establishment, which the left now represents, it gets boring.

    I'm not shy about my support for Trump because he represents the new counter culture. If you have strong tendencies towards risk avoidance you probably lean neo con or neo liberal. It's the safe bet so to speak. Very few people get out of their respective boxes. Even the radical left is really just conformist non sense of ideas that are long overdue for confinement to the dust bin of history. I hated the hippies because they were the most group think bunch of conformists I had ever encountered. They dressed the same talked and behaved the same. Disagreeableness is a virtue that comes with age in my estimation. That is not to say that anyone who isn't a fool would disperse with conventional wisdom. It's just you have to be old enough to put change in perspective.

    Leave a comment:


  • craven
    replied
    Originally posted by wolfhnd View Post
    Well we certainly know where leading from behind was getting us. These things are extremely complicated and partisan or even conventional analysis are unlikely to break through to solutions. Trump is dangerous the establishment path even more so.
    um way to toss out a redherring to start leading from behind is a foreign policy issue not an economic one

    Leave a comment:


  • wolfhnd
    replied
    Well we certainly know where leading from behind was getting us. These things are extremely complicated and partisan or even conventional analysis are unlikely to break through to solutions. Trump is dangerous the establishment path even more so.

    Leave a comment:


  • pamak
    replied
    Originally posted by wolfhnd View Post
    The myth of the Obama recovery

    https://www.investors.com/politics/c...covery-at-all/

    I'm well aware of the exaggeration by Trump of his economic "miracle" but my liberal counter parts seem unable to be equally critical of Obama. Obama not only had the advantage of starting with a economy that had no where to go but up he also had the help of the FED.

    A better indicator of Trump's performance may be a comparison with other economies.


    https://data.oecd.org/gdp/real-gdp-forecast.htm

    While projections for the U.S. are not stellar they still top other nations.

    More important is the strategic importance of Trump's focus. While Obama was focusing on leading from behind and creating a dangerous vacuum in deterrents Trump is bring manufacturing back something Obama said was impossible.


    https://www.forbes.com/sites/chuckde.../#a2a401f58508

    The decline of the U.S. manufacturing sector has been a strategic disaster and restoring it will be neither cheap nor economically advantages in the short term.





    Your liberal counterparts recognize that it does not make sense to criticize Obama when Trump's is president. And it also does not make sense to talk about manufacturing coming back to the US before you actually see the results. Superficial changes in trade agreements will not bring manufacturing jobs back just because trade agreements get new names. Nor do we know yet the end result with China. And if you want to see the strategic objective, you should give us a strategic vision regarding how we will avoid see the debt crushing us because if we continue to increase deficits at the rate we do now despite the fact that the economy is supposedly good (at least regarding the numbers) then I do not see how we can avoid bankruptcy.

    Leave a comment:


  • wolfhnd
    replied
    The myth of the Obama recovery

    https://www.investors.com/politics/c...covery-at-all/

    I'm well aware of the exaggeration by Trump of his economic "miracle" but my liberal counter parts seem unable to be equally critical of Obama. Obama not only had the advantage of starting with a economy that had no where to go but up he also had the help of the FED.

    A better indicator of Trump's performance may be a comparison with other economies.

    https://data.oecd.org/gdp/real-gdp-forecast.htm

    While projections for the U.S. are not stellar they still top other nations.

    More important is the strategic importance of Trump's focus. While Obama was focusing on leading from behind and creating a dangerous vacuum in deterrents Trump is bring manufacturing back something Obama said was impossible.

    https://www.forbes.com/sites/chuckde.../#a2a401f58508

    The decline of the U.S. manufacturing sector has been a strategic disaster and restoring it will be neither cheap nor economically advantages in the short term.



    Leave a comment:


  • pamak
    replied
    Originally posted by wolfhnd View Post
    All of which is nullified by the starting point for Obama.

    The starting point for Obama was when the economy was threatened with total collapse. Spending to support the jump-start of the economy is what saved the banks, your IRA and your 401K. The problem with Obama's spending is that he did not make sure to link it with demands to have the fat cats resign or even in some cases prosecuted But the spending was necessary and the deficit would not have been avoided.

    Leave a comment:


  • craven
    replied
    Originally posted by wolfhnd View Post
    The argument that the Trump economy is simply a continuation of what it was under Obama is destroyed by Obama's own words. He didn't just say that Trump would ruin the economy but that we would never see the current rate of growth again. The man is either lying or horribly misinformed. Keep in mind that Trump's economy is performing well despite a hostile federal reserve, congress and press. If the press had pilloried Obama as they have Trump the necessary confidence for a recovery would never have existed.
    um once again same argument Obama does not speak for me nor did I support him

    I using the same arguments against Trump that I used against Obama

    You did not pay enough attention during Obama time did you once again. same arguments used by the press against Obama are being used against Trump by the press

    Stock market kicking ass where money for the little guy.
    questions about why rich are getting richer

    and at least Obama was on a positive track for budget.

    Leave a comment:


  • wolfhnd
    replied
    All of which is nullified by the starting point for Obama.

    Leave a comment:


  • pamak
    replied
    but it gets even worse...

    https://www.nytimes.com/2018/10/15/u...-tax-cuts.html

    Budget Deficit Jumps Nearly 17% in 2018


    WASHINGTON ó The federal budget deficit swelled to $779 billion in fiscal year 2018, the Treasury Department said on Monday, driven in large part by a sharp decline in corporate tax revenues after the Trump tax cuts took effect.

    The deficit rose nearly 17 percent year over year, from $666 billion in 2017. It is now on pace to top $1 trillion a year before the next presidential election, according to forecasts from the Trump administration and outside analysts. The deficit for the 2018 fiscal year, which ended Sept. 30, was the largest since 2012, when the economy and federal revenues were still recovering from the depths of the recession.

    Leave a comment:


  • pamak
    replied
    Originally posted by wolfhnd View Post
    The argument that the Trump economy is simply a continuation of what it was under Obama is destroyed by Obama's own words. He didn't just say that Trump would ruin the economy but that we would never see the current rate of growth again. The man is either lying or horribly misinformed. Keep in mind that Trump's economy is performing well despite a hostile federal reserve, congress and press. If the press had pilloried Obama as they have Trump the necessary confidence for a recovery would never have existed.

    You are actually misinformed! You confuse quarterly results which sometimes can give very high numbers with annual growth

    https://www.cbsnews.com/news/us-gdp-...ally-standard/

    While Mr. Trump praised the 4.1 percent annual growth rate in the second quarter, the economy exceeded that level four times during the Obama presidency: in 2009, 2011 and twice in 2014.


    But quarterly figures are volatile, and strength in one quarter can be reversed in the next. President Obama never achieved the 3 percent annual growth that President Trump hopes to see, though he came close. The economy grew 2.9 percent in 2015.


    The facts show less impressive numbers

    http://www.latimes.com/business/hilt...126-story.html

    Trump didn't get his 3%-plus economic growth for 2017, after all

    For the whole year, the increase in real GDP is 2.3%. That's better than the 1.5% growth rate in 2016, the last year of Barack Obama's second term, but only a tiny hair better than the average over Obama's full second term.

    Leave a comment:


  • wolfhnd
    replied
    The argument that the Trump economy is simply a continuation of what it was under Obama is destroyed by Obama's own words. He didn't just say that Trump would ruin the economy but that we would never see the current rate of growth again. The man is either lying or horribly misinformed. Keep in mind that Trump's economy is performing well despite a hostile federal reserve, congress and press. If the press had pilloried Obama as they have Trump the necessary confidence for a recovery would never have existed.

    Leave a comment:


  • craven
    replied
    Originally posted by wolfhnd View Post

    The one dimensional view of Trump is self delusion. The idea that he is stupid is fairly absurd. His IQ is probably in the mid 130s but he also has good animal instincts from years of "street fighting" in the real estate business in NY.

    It seems that many people cling to convention as the world around them changes. The experts were wrong about Trump's chances for election, the wizards on wall street made colossal errors in judgment leading to their failure to predict the timing of the subprime bubble burst, Obama said that Trump couldn't bring jobs back and 4 percent GDP would never happen, the federal reserve chairman broke down in tears admitting that his life long philosophy was wrong, an empirical examination of the evidence suggests Trump is smarter than the experts. BTW what is your IQ?

    Of course Trump knows he is risking a bubble. He's a risk taker by trade which makes him dangerous. On the other hand we just had eight years of establishment sober and judicious, well spoken ivy league presidential, multicultural, anti patriot wisdom that left the world a more dangerous place.

    If you think you are smart because you can eloquently opine conventional wisdom you are always going to be behind the curve.

    What really makes Trump so offensive to many is that they thought they were the end of history. Hillary was a given, socialism was inevitable, globalism was insurmountable, the culture war had been won, nationalism was confined to the dust bin of history, global warming would force the energy sector into submission to environmental regulation, family values would forever be equated with bigotry, that the tech giants represent an end to the industrial revolution, and that they were always going to be immune from the consequences of leftist policies.

    The real problem with Trump is that like most business people he has no long term plan. The great thing about Trump is he represents a pause in the slow spiral into dystopian left wing hell.
    Ahhh the dumb leftist are stupid argument when argueing with a conservative. Oh and when has iq had anything with being dumb.

    If you cant see that Trump is fairly ignorant on various issues then that a reflection on you. Trump does have the skills to be a great con man and though I do appreciate that skill in him. For example where he going with the IBM treaty could be fairly interesting.

    fyi go back look at the numbers pre trump and you will notice that the numbers would be where they are now in the economy even if Hillary would of been in office.

    Leave a comment:


  • slick_miester
    replied
    Originally posted by craven View Post

    Not sure trump is smart enough to realize he risking a bubble. He not very good at the basics or has some very unique views on them.
    Remember, Trump was a real estate developer. To him, low interest rates are like candy. Conversely, high interest rates are as broccoli. Guess which one Trump likes more, even if too much of it causes diabetes.

    Leave a comment:


  • wolfhnd
    replied
    Originally posted by craven View Post

    Not sure trump is smart enough to realize he risking a bubble. He not very good at the basics or has some very unique views on them.
    The one dimensional view of Trump is self delusion. The idea that he is stupid is fairly absurd. His IQ is probably in the mid 130s but he also has good animal instincts from years of "street fighting" in the real estate business in NY.

    It seems that many people cling to convention as the world around them changes. The experts were wrong about Trump's chances for election, the wizards on wall street made colossal errors in judgment leading to their failure to predict the timing of the subprime bubble burst, Obama said that Trump couldn't bring jobs back and 4 percent GDP would never happen, the federal reserve chairman broke down in tears admitting that his life long philosophy was wrong, an empirical examination of the evidence suggests Trump is smarter than the experts. BTW what is your IQ?

    Of course Trump knows he is risking a bubble. He's a risk taker by trade which makes him dangerous. On the other hand we just had eight years of establishment sober and judicious, well spoken ivy league presidential, multicultural, anti patriot wisdom that left the world a more dangerous place.

    If you think you are smart because you can eloquently opine conventional wisdom you are always going to be behind the curve.

    What really makes Trump so offensive to many is that they thought they were the end of history. Hillary was a given, socialism was inevitable, globalism was insurmountable, the culture war had been won, nationalism was confined to the dust bin of history, global warming would force the energy sector into submission to environmental regulation, family values would forever be equated with bigotry, that the tech giants represent an end to the industrial revolution, and that they were always going to be immune from the consequences of leftist policies.

    The real problem with Trump is that like most business people he has no long term plan. The great thing about Trump is he represents a pause in the slow spiral into dystopian left wing hell.

    Leave a comment:

Latest Topics

Collapse

Working...
X