Elections DNC today in Chicago

[Limbo Pete]

That's not an argument

Correct, it's senior care

 

[CantCucktheTuck]

DNC Didn’t Widen Harris’ Lead Over Trump: Poll

More voters said they view Democrats as united after the convention, but the sentiment hasn’t translated to a polling boost for Harris.

www.forbes.com

No post DNC bump.....lol

 

[Rob Battisti]

So again setting aside the hyperbole you do agree that the economy is currently strong?

Yes.

Not sure when ITT I suggested otherwise.

We have turned the corner on inflation and the people who complain about it never acknowledge the strong indicators like unemployment, stock values, business formation etc.

Turning the corner on inflation is one thing. It hasn’t gotten us out of the hole. I’ve shown that.

I’m not ignoring the stock market. I addressed it.

Business formation is a good indicator.

You're arguing that when Americans were poorer and owned fewer things the economy was better, to me that makes no sense. Its like saying Guyana has a stronger economy than the US because its projected to grow over 30% this year, no reasonable person would argue that. And like I said the unemployment rate of the last few years is roughly comparable if not lower in some years when compared to the period you're looking at.

Setting aside the subjective GOAT discussion you're harping here no reasonable person can deny that the economy is very strong right now based on key indicators and compared to our peers.

You’re changing the discussion.

I’m not arguing that.

 

[jefferz]

DNC Didn’t Widen Harris’ Lead Over Trump: Poll

More voters said they view Democrats as united after the convention, but the sentiment hasn’t translated to a polling boost for Harris.

www.forbes.com

No post DNC bump.....lol

We're back to believing in polls again.

 

[Islam Imamate]

Yes.

Great and so we basically agree but nonetheless you'll consistently nitpick posts that argue that point on the matter while ignoring so called centrists and right wingers who cry about the sky falling.

Turning the corner on inflation is one thing. It hasn’t gotten us out of the hole. I’ve shown that.

Wage growth surpassed inflation a year ago and the economy is still going strong, all indicators point to a stronger than expected recovery that keeps chugging along.

I’m not ignoring the stock market. I addressed it.

By dismissing it as an indicator.

Business formation is a good indicator

And not the only one.

You’re changing the discussion.


I’m not arguing that.

You're arguing the economy of the 1960s was stronger and you're basing that largely off their GDP growth(unemployment across those years is comparable to the last four). But of course they have higher growth rates, mature economies grow at slower rates so when the US had more room to grow it grew faster. Hence Guyana growing over 30% this year.

 

[Rational Poster]

Great and so we basically agree but nonetheless you'll consistently nitpick posts that argue that point on the matter while ignoring so called centrists and right wingers who cry about the sky falling.

Wage growth surpassed inflation a year ago and the economy is still going strong, all indicators point to a stronger than expected recovery that keeps chugging along.

By dismissing it as an indicator.

And not the only one.

You're arguing the economy of the 1960s was stronger and you're basing that largely off their GDP growth(unemployment across those years is comparable to the last four). But of course they have higher growth rates, mature economies grow at slower rates so when the US had more room to grow it grew faster. Hence Guyana growing over 30% this year.

Obviously he's cherry picking here and ignoring historical context.

A bit of contextual analysis you can see why he's narrowed on 1962...

There was a bit of a recession, they called it the "flash crash" and the "Kennedy slide".

So of course in that context, there's more room for growth from the bounce back. Similar to how Obama had some killer growth years post 2008 recession. I bet Japan and Germany had some insane growth periods in the 1950s after we deleted their civilization off the map in the 1940s.

GDP growth as a percentage begs the question, percent of what?

But most people just think big number equal better.

What's a bigger number?

5% of 700B or 2% of 27T

 

[Rob Battisti]

great and so we basically agree but nonetheless you'll consistently nitpick posts that argue that point on the matter while ignoring so called centrists and right wingers who cry about the sky falling.

I said the sky was falling ITT? I have argued one point.

Wage growth surpassed inflation a year ago and the economy is still going strong, all indicators point to a stronger than expected recovery that keeps chugging along.

A year ago. Not out of the hole, why ignore that? I said it was a recovery worth commendation.

By dismissing it as an indicator.

Yes. As it should be. I’ve explained why.

Look at the S&P/M2

And not the only one.

As I’ve said.

You're arguing the economy of the 1960s was stronger and you're basing that largely off their GDP growth(unemployment across those years is comparable to the last four). But of course they have higher growth rates, mature economies grow at slower rates so when the US had more room to grow it grew faster. Hence Guyana growing over 30% this year.

Thats one of the multiple factors I’ve used.

 

[Rational Poster]

The other thing about the conversation he's leaving out about the 1960s is a more practical question if you're evaluating for what makes an economy "good".

Who did the economy actually serve?

I think it's pretty clear the economy served less of society than today, by a lot.

Not just domestically for uh.. obvious reasons but internationally. More people have access to all our markets in any state and from any place on earth than ever before.

Hey guys we built the most complex self enforcing self enriching money printing machine in human history but you know the GDP growth when we did bartering was better for 3 years so we better roll back the clock. lmao

 

[CantCucktheTuck]

The other thing about the conversation he's leaving out about the 1960s is a more practical question if you're evaluating for what makes an economy "good".

Who did the economy actually serve?

I think it's pretty clear the economy served less of society than today, by a lot.

Not just domestically for uh.. obvious reasons but internationally. More people have access to all our markets in any state and from any place on earth than ever before.

Hey guys we built the most complex self enforcing self enriching money printing machine in human history but you know the GDP growth when we did bartering was better for 3 years so we better roll back the clock. lmao

You sound poor

 

[Rational Poster]

You sound poor

Let me know when you form actual thought.

 

[Rob Battisti]

Obviously he's cherry picking here and ignoring historical context.

A bit of contextual analysis you can see why he's narrowed on 1962...

There was a bit of a recession, they called it the "flash crash" and the "Kennedy slide".

So of course in that context, there's more room for growth from the bounce back. Similar to how Obama had some killer growth years post 2008 recession. I bet Japan and Germany had some insane growth periods in the 1950s after we deleted their civilization off the map in the 1940s.

GDP growth as a percentage begs the question, percent of what?

But most people just think big number equal better.

What's a bigger number?

5% of 700B or 2% of 27T

LOL there was a little thing in 2020 called Covid. That’s not a bounce back? Spare me.

 

[Rob Battisti]

The other thing about the conversation he's leaving out about the 1960s is a more practical question if you're evaluating for what makes an economy "good".

Who did the economy actually serve?

I think it's pretty clear the economy served less of society than today, by a lot.

Not just domestically for uh.. obvious reasons but internationally. More people have access to all our markets in any state and from any place on earth than ever before.

Hey guys we built the most complex self enforcing self enriching money printing machine in human history but you know the GDP growth when we did bartering was better for 3 years so we better roll back the clock. lmao

I told you the indicators I used.

GDP
Wage Growth Minus Inflation
Unemployment

 

[Rational Poster]

LOL there was a little thing in 2020 called Covid. That’s not a bounce back? Spare me.

I mean, even in that context, we bounced back better than almost every other country near our scale.

 

[Rational Poster]

I told you the indicators I used.

GDP
Wage Growth Minus Inflation
Unemployment

Yeah, and what everyone has been doing is trying to point out how those aren't the best indicators on their own.

 

[CantCucktheTuck]

Let me know when you form actual thought.

its just funny to me to hear people say the economy is something that should "serve" the people. You don't even understand that the "economy" is just a way to track and calculate the actives of the people.

 

[The Diplomat]

The other thing about the conversation he's leaving out about the 1960s is a more practical question if you're evaluating for what makes an economy "good".

Who did the economy actually serve?

I think it's pretty clear the economy served less of society than today, by a lot.

Not just domestically for uh.. obvious reasons but internationally. More people have access to all our markets in any state and from any place on earth than ever before.

Hey guys we built the most complex self enforcing self enriching money printing machine in human history but you know the GDP growth when we did bartering was better for 3 years so we better roll back the clock. lmao

True. But it also seems like we had more money to spend in space exploration for the sake of beating the commies. By 73, nobody cared that we went to the moon multiple times, so now us never going there is considered probable by a good chunk of the populace.

My point being, we may be doing better, but we may also be dumber in practice.

 

[Rational Poster]

its just funny to me to hear people say the economy is something that should "serve" the people. You don't even understand that the "economy" is just a way to track and calculate the actives of the people.

I see the word serve has triggered a script in your subverted brain.

 

[Rob Battisti]

Yeah, and what everyone has been doing is trying to point out how those aren't the best indicators on their own.

And the other indicators I’ve seen are house size.

Give me your top 3 economic indicators?

 

[Jack V Savage]

LOL there was a little thing in 2020 called Covid. That’s not a bounce back? Spare me.

What does that have to do with anything? You were just ignoring levels and focusing on rate changes, and people called you out on it and also pointed out that the level change was misleading for a couple of reasons.

 

[Jack V Savage]

And the other indicators I’ve seen are house size.

Give me your top 3 economic indicators?

The main things are real wages, asset holdings, and prime-age employment to population ratio. It's not like some cherry-picked thing. Look at the things that people look at to gauge the strength of the economy.