Current Events > Why do you think our economy is so good right now?

(+) Yeah! (+)

?
---

Trump

Dont mind me, just needed something entertaining to watch while eating this popcorn.
---

end of an expansionary economic cycle

was also like this 1999-2000
---

Trump, his policies are driving progress.
---

Fewer regulations and lower taxes encouraging more people to spend.
---

Sephiroth1288 posted...

Fewer regulations and lower taxes encouraging more people to spend.

so thankful for my extra $50 a year thanks to Trump's tax cuts
---

Good for who?
---

Because now that a republican is in office, those same numbers that were Fake News are somehow legitimate.
---

It isn't.
---

The economy is good in the same way vegetarians love steak.
---

If these are supposed to be the good times, were going to hate what the inevitable bad times are going to look like
---

Antifar posted...

Good for who?

Damned-near everyone.
---

A bubble is always at its biggest before it pops
---

Antifar posted...

Good for who?

Certainly not federal employees. Their cost of living 2% raise has been cancelled this year and further wage increases frozen. Seems the Gov't hasn't got the money.
---

Kineth posted...

It isn't.

From a corporate profit standpoint it definitely is--I think you are perhaps posing the question "Who is actually seeing/enjoying the benefits of the present economy?" and the answer is pretty clearly "investors."
---

Antifar posted...

Good for who?

Most everyone, given how we have record low unemployment.
---

Obama
---

thanks, obama
---

Darkman124 posted...

Kineth posted...

It isn't.

From a corporate profit standpoint it definitely is--I think you are perhaps posing the question "Who is actually seeing/enjoying the benefits of the present economy?" and the answer is pretty clearly "investors."

This is valid. A lot of economic theorems overlap on the notion that a strong middle class is the sign of a healthy, stable economy. So you understand why I said what I said, regardless.

Still though, the overall lack of investment and unkempt infrastructure are also signs of a bad economy.
---

Kineth posted...

This is valid. A lot of economic theorems overlap on the notion that a strong middle class is the sign of a healthy, stable economy. So you understand why I said what I said, regardless.

TBH, many of those theorems are proving somewhat outdated, as the global economy cares less how the middle class of one single country is doing, and more how the middle class of the entire world is doing, since an American company can sell to the middle class anywhere on the planet. And they're actually doing pretty good. The trouble is, the mark of 'global middle class' is way below that of the American middle class, so ours is losing ground.

https://www.brookings.edu/research/whats-happening-to-the-world-income-distribution-the-elephant-chart-revisited/

The global upper middle class has seen its income stagnate with zero growth over two decades for the 80th This appears to corroborate data showing stagnant real wage growth and other frustrations fueling populist politics in rich countries. This can be seen in the depth of the trough at the base of the elephants trunk.
The global middle class has risen rapidly as select developing countries have begun to converge toward rich countries. Countries like China have lifted large impoverished populations into the middle class. This can be seen in the graphs peak at the elephants torso.

Kineth posted...

Still though, the overall lack of investment and unkempt infrastructure are also signs of a bad economy.

Infrastructure is mostly a government spending problem, though.
---

Darkman124 posted...

Kineth posted...

This is valid. A lot of economic theorems overlap on the notion that a strong middle class is the sign of a healthy, stable economy. So you understand why I said what I said, regardless.

TBH, many of those theorems are proving somewhat outdated, as the global economy cares less how the middle class of one single country is doing, and more how the middle class of the entire world is doing, since an American company can sell to the middle class anywhere on the planet. And they're actually doing pretty good. The trouble is, the mark of 'global middle class' is way below that of the American middle class, so ours is losing ground.

https://www.brookings.edu/research/whats-happening-to-the-world-income-distribution-the-elephant-chart-revisited/

The global upper middle class has seen its income stagnate with zero growth over two decades for the 80th This appears to corroborate data showing stagnant real wage growth and other frustrations fueling populist politics in rich countries. This can be seen in the depth of the trough at the base of the elephants trunk.
The global middle class has risen rapidly as select developing countries have begun to converge toward rich countries. Countries like China have lifted large impoverished populations into the middle class. This can be seen in the graphs peak at the elephants torso.

Kineth posted...

Still though, the overall lack of investment and unkempt infrastructure are also signs of a bad economy.

Infrastructure is mostly a government spending problem, though.

I agree with all of this though I don't agree with the notion that the global middle class supersedes the health of an individual nation's middle class; in fact, I would think that the collection of nations fostering their own middle class would lead to better results on the global scale.

If nothing else though, if we're supposed to return toward the median, which makes no sense as an economic goal, imo, it would suggest that our economy is fucked on how exorbitant the prices of goods are relative to other such countries.

As for infrastructure being a government problem, I'd agree. It suggests that our tax dollars are being used inefficiently, at best.
---

Because Trump and MAGA of course.
---

Federal Reserve easy money.
---