Economy added 263,000 jobs in April, unemployment falls to 3.6%, new 50-year low

Boat Guy said:
@M Prod

BTW - Your profile says "BC" but you say "we".... Do you have a dog in this fight?

Where would you put your money if not USD? EUR, RUB, HUF?
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Yes, I am a US citizen born and raised. I was relocated to BC 7 years ago for work. (Film business)

I'm not suggesting anyone bet on another currency, only that the USD is overvalued which is a bad sign for the global economy.

Golfman25 said:
That's funny. Govt. revenue is up significantly - due to growth from the tax cuts. Spending is up significantly more.

https://www.wsj.com/articles/tax-revenue-keeps-rising-11557691166
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That's an interesting opinion piece, but it's just that. Opinion. The economy does not exist in a vacuum. There are a myriad of factors that affect what happens to it. We are not seeing the kind of broad shared growth that many of the proponents of the bill had hoped for. It's likely that the tax cuts did inject a one time stimulus that we have already felt the effects of. The gov't went and borrowed a bunch of money, used that to cut everyone a check (mostly the wealthy) and much of that has been spent. Something has to give.
 
M Prod said:
Yes, I am a US citizen born and raised. I was relocated to BC 7 years ago for work. (Film business)

I'm not suggesting anyone bet on another currency, only that the USD is overvalued which is a bad sign for the global economy.



That's an interesting opinion piece, but it's just that. Opinion. The economy does not exist in a vacuum. There are a myriad of factors that affect what happens to it. We are not seeing the kind of broad shared growth that many of the proponents of the bill had hoped for. It's likely that the tax cuts did inject a one time stimulus that we have already felt the effects of. The gov't went and borrowed a bunch of money, used that to cut everyone a check (mostly the wealthy) and much of that has been spent. Something has to give.
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Actually they cite several facts, unless you don believe the numbers. And sorry but low tax rates show up year after year after year. Since my corp the tax rate is now lower I have x dollars per year to spend. And they have been whining about the dollar for infinity. You're listening to the same fools who said Trump would tank the economy.

You ain't taxing your way to prosperity. You want to solve the deficit problem you need to look at mandatory entitlement spending. Politicians know that. But once you do that people loose their freaking minds.
 
M Prod said:
Yes, I am a US citizen born and raised. I was relocated to BC 7 years ago for work. (Film business)

I'm not suggesting anyone bet on another currency, only that the USD is overvalued which is a bad sign for the global economy.



That's an interesting opinion piece, but it's just that. Opinion. The economy does not exist in a vacuum. There are a myriad of factors that affect what happens to it. We are not seeing the kind of broad shared growth that many of the proponents of the bill had hoped for. It's likely that the tax cuts did inject a one time stimulus that we have already felt the effects of. The gov't went and borrowed a bunch of money, used that to cut everyone a check (mostly the wealthy) and much of that has been spent. Something has to give.
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Actually they cite several facts, unless you don believe the numbers. And sorry but low tax rates show up year after year after year. Since my corp the tax rate is now lower I have x dollars per year to spend. And they have been whining about the dollar for infinity. You're listening to the same fools who said Trump would tank the economy.

You ain't taxing your way to prosperity. You want to solve the deficit problem you need to look at mandatory entitlement spending. Politicians know that. But once you do that people loose their freaking minds.
 
I think much of this banter criticizing the debt and doom on the horizon is single minded.

Prior to the dollar being on the gold standard there was no debt per se in modern terms.

The implementation of fractional banking, the Federal Reserve, currency manipulation and the present state of M3, as well as a myriad of other factors influence what most economists refer to as “ the economy”.

For purposes of this discussion I think the OP has a far more simplistic perspective focused on the national debt.

The micro scoping on this debt is misleading and many misunderstand it because they equate it to personal or consumer debt mechanisms which is an error.

The national debt and federal borrowing are levered by many far more complex dynamics.

In the end, if you look at any modern economy ie US, UK, etc and research their central banks role in deficit spending you will prove that the layman application of personal, consumer, or even corporate debt principles do not apply.

Therefore the OP’s premise is severely flawed.
 
That’s a very general article without any detail. The tariffs are a Mechanism to get our trade partners to trade fairly and or bring back manufacturing here. If you add a tariff to in coming goods we will pay for it so that’s no surprise... will the tariffs work to get other countries to enter into a fair trade deal?...well that has yet to be seen ... so we take an increase and a bit of pain in the short term

I buy a mill run of high speed steel from China every 6 months and warehouse it.... last month it cost 20% more due to tariffs and scrap steel surcharge. The material percent in the end product is only 10% so the 20% increase has a small impact.... the increase got passed on to the customer with no resistance.
What I am seeing is companies like CAT, Cummins, Mack and others are on shore sourcing from China due to the uncertainty more than anything else.
 
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susanandlance said:
I read that earlier too, what say you TRUMPER'S??
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The headline is dramatized and misleading,
'A new government study shows how Trump’s tariffs have backfired
Trump promised to revive manufacturing with tariffs. A Federal Reserve study finds he did the opposite.'

NOTE: Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminary materials circulated to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors of the Federal Reserve.


 
Blueone said:
That’s a very general article without any detail. The tariffs are a Mechanism to get our trade partners to trade fairly and or bring back manufacturing here. If you add a tariff to in coming goods we will pay for it so that’s no surprise... will the tariffs work to get other countries to enter into a fair trade deal?...well that has yet to be seen ... so we take an increase and a bit of pain in the short term

I buy a mill run of high speed steel from China every 6 months and warehouse it.... last month it cost 20% more due to tariffs and scrap steel surcharge. The material percent in the end product is only 10% so the 20% increase has a small impact.... the increase got passed on to the customer with no resistance.
What I am seeing is companies like CAT, Cummins, Mack and others are on shore sourcing from China due to the uncertainty more than anything else.
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The article links a 33 page government document that details the areas that the tariffs have hurt farming, manufacturing, imports and exports.
 
Iprof said:
The article links a 33 page government document that details the areas that the tariffs have hurt farming, manufacturing, imports and exports.
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Iprof, Some of these guy's are just Trump sheep, they'd take a long walk off a short dock if trump said there was no danager of getting wet or drowning...….LOL
 
susanandlance said:
Now that's funny coming from you...
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That’s an interesting comment... I agreed with the article from Iprof ... but it’s premature... it’s just telling you the result of the first round of negotiations.... I gave you an example of how it effects my company in present time.... prices are up.
You call me Trump sheep and I can’t get wet walking off a dock?.. I tell you that’s causing division....and you blame me for causing division?
It’s all good... respect each other’s position and we can all get along
 
Blueone said:
That’s an interesting comment... I agreed with the article from Iprof ... but it’s premature... it’s just telling you the result of the first round of negotiations.... I gave you an example of how it effects my company in present time.... prices are up.
You call me Trump sheep and I can’t get wet walking off a dock?.. I tell you that’s causing division....and you blame me for causing division?
It’s all good... respect each other’s position and we can all get along
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I didn't blame you for division at all, your President has done a FINE job of that all by himself!! It's all good brother......
 
Blueone said:
That’s an interesting comment... I agreed with the article from Iprof ... but it’s premature... it’s just telling you the result of the first round of negotiations.... I gave you an example of how it effects my company in present time.... prices are up.
You call me Trump sheep and I can’t get wet walking off a dock?.. I tell you that’s causing division....and you blame me for causing division?
It’s all good... respect each other’s position and we can all get along
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Tariffs did not work in the 30's they won't work now either they actually extended the depression. Cost of goods is up, farm bankruptcy are at record highs the government has been spending since 2017 at a worse pace than the last administration, 5 trillion has been borrowed since he was elected would you call that MEGA?
 
Iprof said:
Tariffs did not work in the 30's they won't work now either they actually extended the depression. Cost of goods is up, farm bankruptcy are at record highs the government has been spending since 2017 at a worse pace than the last administration, 5 trillion has been borrowed since he was elected would you call that MEGA?
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If you have the right answer vote for it... it is a democracy. If your vote doesn’t work do what you can by talking to your senator or rep to make it work.
I lived with Obama for 8 years.... go look for a single post I made on this forum when he was president. Arguing or putting people down that voted for the other guy does nothing but divide us....
 
Blueone said:
If you have the right answer vote for it... it is a democracy. If your vote doesn’t work do what you can by talking to your senator or rep to make it work.
I lived with Obama for 8 years.... go look for a single post I made on this forum when he was president. Arguing or putting people down that voted for the other guy does nothing but divide us....
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Take a look at trump twitter for just a week and you'll see who's dividing us plain and simple...…. And it's not me either...….
 
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