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How's the economy doing?
Message
From
27/09/2018 15:37:52
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
 
To
27/09/2018 10:48:55
General information
Forum:
Politics
Category:
Economics
Miscellaneous
Thread ID:
01662222
Message ID:
01662366
Views:
28
>>I had no idea the economy could turn with the agility of a sports car. IMO an improvement now is to do with the recovery put in place by the previous administration.

I think that's why the chairman wanted to present the graphs showing what he called an "inflection" coinciding with this administration. Seems that the party line on everything from tax cuts to tariffs needs to be reassessed. Did you look at those graphs that I agree seem to show sudden chenges with the agility of a sports car? If that's down to a previous administration, it was a foolish mistake to time the improvements as an inflection like that.

>> Whoever follows Trump will have to deal with a huge deficit and the fallout from protectionism and the new World order created by the following of America first. Challenging times ahead I think.
>>oh also I regard the republicans as largely responsible for the descent into conflict which is now American politics. Their opportunist piggy backing now on a racist xenophobe is shocking.

Time will tell. I'm of a nation whose PM is described as the anti-Trump and many local policies are opposite his- but I'm not sure he's the demonized disaster some would hold him out to be. Especially if you're a black inner city unfortunate and suddenly there's jobs where there were none for decades. In addition, US consumer confidence is the highest for 18 years and if that translates to spending over the holidays, the boom my US business buddies describe to me is only the start.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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