Inflation's not so bad..
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@Jolly said in Inflation's not so bad..:
@taiwan_girl said in Inflation's not so bad..:
@Doctor-Phibes said in Inflation's not so bad..:
We had a meeting with a number of big European customers last week, and the consensus from their management was that overall the US is likely to do a lot better than they will.
Spin that how you will, but there are worse places to be right now.
How can that be? I thought President Biden controlled the worlds economy. LOL
No, but he has quite an effect upon the U.S. economy.
And as I pointed out, the prevailing opinion seemed to be that the US is likely to do a lot better in the oncoming crisis than most, if not all, of Europe.
Despite Biden, or because of him, depending on which particular flavour of Koolaid you prefer.
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Despite Biden.
Think where we would be at, if we had opened the economy up sooner (example, Florida and Texas) and spent a little less money.
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Right leaning:
Good things happen = IN SPITE of president
Bad things happen = BECAUSE of presidentLeft Leaning
Good things happen = BECAUSE of president
Bad things happen = IN SPITE of president -
There's a global problem with inflation, supply chain and other issues most likely caused by the pandemic and Russia's imperialist behaviour.
Could the US President impact this? Obviously to some extent, but not that much if we're honest.
And I'll say it again, the US is in better shape than Europe right now.
Proud supporter of Plan 2525. Everything you think, do and say will be in the pill you took today.
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@Doctor-Phibes said in Inflation's not so bad..:
There's a global problem with inflation, supply chain and other issues most likely caused by the pandemic and Russia's imperialist behaviour.
Could the US President impact this? Obviously to some extent, but not that much if we're honest.
And I'll say it again, the US is in better shape than Europe right now.
I agree. Look back to March 2020. The reason President Trump lost the election was largely(?) because of his (perceived) response to COVID.
Would the US have been in the same position in Dec 2020 if a Democrat would have been in office all of 2020? I think so.
To hear democrats say it, it was all Presdient Trump's fault.
To hear republics say it, there was nothing he could have done, etc.Again, it basically comes down to the fact that people are biased and move the narrative to make their guy look good (or at least less bad). The other side does the opposite.
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We've already spoken at length about this.
I'm sorry, but you're just flat-ass wrong. Anybody who follows markets, knows that sentiment plays a part in the movement of money.
The President has the biggest megaphone in the largest economy on the planet. He can and does, move the economic needle by his actions and his words. That's true, no matter what party he represents. One can argue how much effect he has, but he does have an effect.
To think otherwise is naive, stupid, or both.
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It's a fine observation that people are biased politically and tend to see what they want to see. It is an unfortunate leap into disrespectful nonsense to go from there, to a relentless assumption that all opinions having to do with politics are vacuous tribal bias, based on nothing.
Education is extremely important.
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@Horace said in Inflation's not so bad..:
disrespectful nonsense
Disrespectful nonsense is what the people in HR refer to as one of my core skills.
While you're busy saving the world from leftist pop culture, here I am, recklessly engaging in disrespectful nonsense!
Oops, I just did it again, as Ms. Spears once said.
Proud supporter of Plan 2525. Everything you think, do and say will be in the pill you took today.
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@Doctor-Phibes said in Inflation's not so bad..:
@Horace said in Inflation's not so bad..:
disrespectful nonsense
Disrespectful nonsense is what the people in HR refer to as one of my core skills.
While you're busy saving the world from leftist pop culture, here I am, recklessly engaging in disrespectful nonsense!
Oops, I just did it again, as Ms. Spears once said.
I’m happy to take conversations on a case by case basis. I think you will find that when I use ideas or words that trigger you, I am using them in a context beyond just using a hammer to treat every issue as a nail.
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@taiwan_girl said in Inflation's not so bad..:
Right leaning:
Good things happen = IN SPITE of president
Bad things happen = BECAUSE of presidentLeft Leaning
Good things happen = BECAUSE of president
Bad things happen = IN SPITE of presidentDoeesn't your butt get sore from sitting up on that pole so much?
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@Mik 555 Sometimes it is tough to be the only sane voice in the crowd!!!! But I am willing to do the challenge!!
@jolly Yup, you are right, we have talked about this quite a bit. I remember going back and forth with @Larry on this. He never answered my question, so I will ask you.
What are your to five indicators of strength/weakness of the United States economy?
growth?
inflation?
unemployment?
interest rates?
stock market return?
job growth?
trade balance?
optimism?
etc etc etcI am (semi LOL) confident that whatever five QUANTATIVE data point you pick, you will find that historical, there is not much difference between the times a Democrat and Republic were president. In fact, it may be that things actually go better under a Democrat president.
If I am wrong and I am in Louisiana, i will buy you lunch! LOL
Obviously, it is impossible to measure the QUALATIVE things. That is where I have said before that the President is like a cheerleader. He can sometimes help move things by optimism and force of personality.
Just like why some sports teams do better under a certain coach vs. another even with the same players. Or certain military leaders have soldiers under them much more willing to do things.
To beat the horse, I have never say that the president does not effect the US economy. Only that their role is not as much as people seem to believe.
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Moderate growth, low inflation, low unemployment with decent wages, reasonable interest rates and high optimism.
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“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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@Axtremus said in Inflation's not so bad..:
@Mik said in Inflation's not so bad..:
… the prime mover of markets - confidence. …
Do you have an objective measure for “confidence”, or is it just your personal feeling?
Jon might. But if you don't understand the concept, you don't understand people.
OTOH , we already knew that...
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
@Jolly said in Inflation's not so bad..:
@Axtremus said in Inflation's not so bad..:
@Mik said in Inflation's not so bad..:
… the prime mover of markets - confidence. …
Do you have an objective measure for “confidence”, or is it just your personal feeling?
Jon might. But if you don't understand the concept, you don't understand people.
OTOH , we already knew that...
I was gonna say, is that even up for debate?
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@Mik said in Inflation's not so bad..:
TG, you discount the prime mover of markets - confidence. That is where the criticism of Biden comes in. He talks a strong economy and pro business, but his actions say otherwise.
I agree. That is where the "cheerleader" part comes in.
So, I believe that my original point still holds.
The Republics do not automatically have better economic "cheerleaders" then the Democrats (and opposite is true also).
So saying that economic life under a Democrat president is always going to be better/worse than if it were a Republic president doesn't work for me. Especially now - the US is a smaller and smaller part of the world economy and yet, the US economy is more woven into the world economy.
US 1990's - tremendous economic growth. President Clinton's credit? Probably not.
China goes to zero COVID and locks down their country ( and supply chains) and 2020 economy tumbles. President Trump fault? Absolutely not.
China remains in zero COVID with continued lock downs and supply chain disruptions. President Biden fault? Not really.
Russia invades Ukraine and causes that situation. President Biden fault? No. (I know some people will say that .....if only President Trump were in power, Putin never would have done that. I dont believe that, and it is impossible to prove a negative, so it is a discussion nobody can win.)
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You may be selling it, but most of us ain't buyin'. In your worldview, the President makes no difference. If that be the case, we waste a lot of time and money on elections.
