brenthutch 444 #251 December 11, 2019 (edited) No economy has, it is called the business cycle. Edited December 11, 2019 by brenthutch Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #252 December 11, 2019 On 12/11/2019 at 7:22 PM, brenthutch said: No economy has, it is called the business cycle. I thought it was the result of trickle down economics? Quote Share this post Link to post Share on other sites
brenthutch 444 #253 December 11, 2019 On 12/11/2019 at 8:44 PM, SkyDekker said: I thought it was the result of trickle down economics? No the record long growth and record low unemployment are a result of lower taxes and less burdensome regulation. The party will probably come to an end if it looks like the Dems will win the White House Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #254 December 11, 2019 On 12/11/2019 at 9:02 PM, brenthutch said: No the record long growth and record low unemployment are a result of lower taxes and less burdensome regulation. The party will probably come to an end if it looks like the Dems will win the White House Then it isn't a business or economic cycle, since they are not defined by political party in power. You want to play both sides. Claim victory for the good and blame others for the bad. Quote Share this post Link to post Share on other sites
brenthutch 444 #255 December 12, 2019 Ultimately it is psychology, not party. Booms and busts have occurred under Ds and Rs. Quote Share this post Link to post Share on other sites
kallend 2,043 #256 December 12, 2019 On 12/11/2019 at 9:02 PM, brenthutch said: No the record long growth and record low unemployment are a result of lower taxes and less burdensome regulation. The party will probably come to an end if it looks like the Dems will win the White House Borrowing a $TRILLION a year helps to make things appear good, too. Quote Share this post Link to post Share on other sites
kallend 2,043 #257 December 12, 2019 On 12/11/2019 at 9:22 PM, SkyDekker said: Claim victory for the good and blame others for the bad. It's called "Trumpism". Quote Share this post Link to post Share on other sites
brenthutch 444 #258 December 12, 2019 On 12/12/2019 at 2:21 AM, kallend said: Borrowing a $TRILLION a year helps to make things appear good, too. Not always, just ask Obama. 1 Quote Share this post Link to post Share on other sites
billvon 3,015 #259 December 12, 2019 On 12/12/2019 at 2:25 AM, brenthutch said: Not always, just ask Obama. Ah, the usual progression. 1) He's not gonna do it 2) OK he did it but it's not that bad 3) Obama did it first Quote Share this post Link to post Share on other sites
kallend 2,043 #260 December 12, 2019 On 12/12/2019 at 4:52 AM, billvon said: Ah, the usual progression. 1) He's not gonna do it 2) OK he did it but it's not that bad 3) Obama did it first Actually the first $trillion deficit was the result of GWB's last budget and the GWB Great Recession. Quote Share this post Link to post Share on other sites
brenthutch 444 #261 December 12, 2019 (edited) On 12/12/2019 at 9:25 AM, kallend said: Actually the first $trillion deficit was the result of GWB's last budget and the GWB Great Recession. What about the subsequent eight trillion dollars? Who's fault was that? Edited December 12, 2019 by brenthutch Quote Share this post Link to post Share on other sites
kallend 2,043 #262 December 12, 2019 On 12/12/2019 at 12:57 PM, brenthutch said: What about the subsequent eight trillion dollars? Who's fault was that? Bush's. Recovery from a the worst recession in generations doesn't happen instantly. Reagan/GHWB - deficit goes UP Clinton - deficit goes DOWN GWB - deficit goes UP bigly Obama - deficit goes DOWN Trump - Deficit goes back UP Even a blind man could see a pattern here. Quote Share this post Link to post Share on other sites
brenthutch 444 #263 December 13, 2019 On 12/12/2019 at 2:25 PM, kallend said: Bush's. Recovery from a the worst recession in generations doesn't happen instantly. Reagan/GHWB - deficit goes UP Clinton - deficit goes DOWN GWB - deficit goes UP bigly Obama - deficit goes DOWN Trump - Deficit goes back UP Even a blind man could see a pattern here. Same can be said about the budget deficit. Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #264 December 13, 2019 Lowest number of stocks in circulation in 20 years. Tax cut has resulted in largest debt for equity swap ever. With almost no re-investment. Inverted yield curve QE isn't having corresponding growth in GDP Record low unemployment. Recession before Q2 2020. Quote Share this post Link to post Share on other sites
gowlerk 2,216 #265 December 13, 2019 On 12/13/2019 at 6:56 PM, SkyDekker said: Lowest number of stocks in circulation in 20 years. Tax cut has resulted in largest debt for equity swap ever. With almost no re-investment. Inverted yield curve QE isn't having corresponding growth in GDP Record low unemployment. Recession before Q2 2020. Maybe in Canada. There is no reason I can see to expect two quarters of negative growth in the US economy in that time frame. But hey, I'm just a truck driver. To be clear, just which quarters are you predicting will be negative growth? Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #266 December 13, 2019 On 12/13/2019 at 7:03 PM, gowlerk said: Maybe in Canada. There is no reason I can see to expect two quarters of negative growth in the US economy in that time frame. But hey, I'm just a truck driver. To be clear, just which quarters are you predicting will be negative growth? I am predicting that the start of a recession will occur prior to Q2 2020. 1 Quote Share this post Link to post Share on other sites
brenthutch 444 #267 December 13, 2019 On 12/13/2019 at 7:55 PM, SkyDekker said: I am predicting that the start of a recession will occur prior to Q2 2020. In Canada ;-) The last five recessions were preceded by a spike in oil prices. Given our relative independence on foreign oil, due to the fracking revolution, I think we are going to be ok. Trade war looks like it might be abating, doesn't look like we are going to have a government shutdown and peoples bank accounts are flush with money. The financial guys are even predicting the first TRILLION dollar holiday shopping season. Canada on the other hand is probably in trouble, given a loss of 70,000 jobs in November. Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #268 December 13, 2019 On 12/13/2019 at 8:16 PM, brenthutch said: In Canada ;-) No US. Though I do think Canada will follow this time. Quote Share this post Link to post Share on other sites
brenthutch 444 #269 December 13, 2019 On 12/13/2019 at 8:28 PM, SkyDekker said: No US. Though I do think Canada will follow this time. The US spits Canada swims. Quote Share this post Link to post Share on other sites
gowlerk 2,216 #270 December 13, 2019 On 12/13/2019 at 9:18 PM, brenthutch said: The US spits Canada swims. Well, not last time. Canada did quite well with strong banks and no housing crash after the US suffered the misfortune of uncontrolled capitalism called the great recession in 2008. About the most damaging thing that happened to us was the strengthening of the Loonie against Greenback. It was a party for a while but it damaged our exports. 1 Quote Share this post Link to post Share on other sites
SkyDekker 1,465 #271 December 13, 2019 On 12/13/2019 at 9:18 PM, brenthutch said: The US spits Canada swims. Gowlerk already explained how this is bullshit. Typical American arrogance though, thank you for stepping up and presenting a stereotype. Quote Share this post Link to post Share on other sites
brenthutch 444 #272 December 13, 2019 A Canadian shared that little quip with me. Quote Share this post Link to post Share on other sites
brenthutch 444 #273 December 13, 2019 On 12/13/2019 at 10:32 PM, brenthutch said: A Canadian shared that little quip with me. Quote Share this post Link to post Share on other sites
JoeWeber 2,753 #274 December 14, 2019 On 12/13/2019 at 10:37 PM, brenthutch said: You aren't, and I would never say you are, but there are people who can be absolute insufferable asses, but not you. Thank you for providing that low level brain dead video so I can see positively what you are not. For my part I have no idea what you guys are talking about even though I ran a company the did 100% of it business in Canada between 2009 and 2015 and made bank. Thanks for the heads up. Quote Share this post Link to post Share on other sites
brenthutch 444 #275 December 14, 2019 Joe, it is called humor. Get some. Quote Share this post Link to post Share on other sites