5 ms·

Didn't the Laffer curve on bond markets invert recently?

by inflatableDodo 7y ago

piker 7y ago
> Laffer curve on bond markets Yield curve, Laffer curve unrelated
- inflatableDodo 7y ago
  That's the one, I screwed up my terminology (not an economist, just dated one for a while).
ThomPete 7y ago
Inflation is not up even though it was supposed to be. Lots of things are changing because Trump doesn't follow the "experts" but have his own way of approaching China for better or worse. Right now mostly for the better.
- inflatableDodo 7y ago
  Really? Could you send a note to the soy and corn farmers? 'Trump Trade Tweets Send Grain Markets Diving to 42-Year Low' - https://www.bloomberg.com/news/articles/2019-05-06/grains-soy-trump-tariff-threat-to-china-drives-ag-prices-lower https://www.bloomberg.com/news/articles/2019-05-06/grains-so...
  - AnimalMuppet 7y ago
    "Mostly for the better" does not imply totally for the better. Of course you can find counterexamples, but that totally fails to answer the point. If you want to actually argue the point, you need some statistics about the economy as a whole, not about one sector.
    - inflatableDodo 7y ago
      >"Mostly for the better" does not imply totally for the better. Of course you can find counterexamples, but that totally fails to answer the point. If you want to actually argue the point, you need some statistics about the economy as a whole Really? Lets look at the context; >'Lots of things are changing because Trump doesn't follow the "experts" but have his own way of approaching China for better or worse. Right now mostly for the better.' How would looking at the economy as a whole reflect on the way Trump approaches China? If I want to keep to that subject, I look at the situation with the sectors of the economy being impacted by the trade war with China and not the economy as a whole.
      - ThomPete 7y ago
        And I look at 4 million jobs being lost to China because Wallstreet, big companies and politicians on both sides of the political spectrum decided to trade American jobs for cheaper flatscreens, decided to introduced competition IN America through things like H1Bs and lax immigration rules both providing plenty of cheap labour and hurting ex. young black men the most because of extremely low wages. It's not serious to take one thing and pull it out of the whole ESPECIALLY when the goal of tariffs is not to make it the new normal but to force China to give us better access to their markets. If you can't see that we have no base for a rational discussion.
        jayd16 7y ago
        You're confusing China losing with the US winning. We both lost.
        ThomPete 7y ago
        How can the strongest economy for more or less everyone especially minorities, increasing salaries, increasing jobs in blue collar industries be the US loosing? I think you are the one who is confusing what the trade war is about with what is economic theory. The tarrifs is not economic policy it's a tool to win the tradewar with china and give us better terms. How anyone can be against that is beyond me unless they working in the tech industry and don't really feel the reality of the last 30 years of destroying the american middle class.
- jayd16 7y ago
  Nothing has been better yet. So far it has only been not-catastrophically worse.
  - leereeves 7y ago
    Lowest unemployment since 1969. That's better.
    - jayd16 7y ago
      It's the same trajectory it was before the current policies. The trend is hitting the floor as we're at full employment. (But I can't complain he's not taking us lower than that)
      - ThomPete 7y ago
        So when the economy is turning bad its also obamas fault i take it?
  - Fjolsvith 7y ago
    GDP above 3%. As in above the 2% that the last administration forecast it to never get, ever again.

Didn't the Laffer curve on bond markets invert recently?

piker 7y ago

> Laffer curve on bond markets Yield curve, Laffer curve unrelated

inflatableDodo 7y ago
That's the one, I screwed up my terminology (not an economist, just dated one for a while).

ThomPete 7y ago

Inflation is not up even though it was supposed to be. Lots of things are changing because Trump doesn't follow the "experts" but have his own way of approaching China for better or worse. Right now mostly for the better.

inflatableDodo 7y ago
Really? Could you send a note to the soy and corn farmers? 'Trump Trade Tweets Send Grain Markets Diving to 42-Year Low' - https://www.bloomberg.com/news/articles/2019-05-06/grains-soy-trump-tariff-threat-to-china-drives-ag-prices-lower https://www.bloomberg.com/news/articles/2019-05-06/grains-so...
- AnimalMuppet 7y ago
  "Mostly for the better" does not imply totally for the better. Of course you can find counterexamples, but that totally fails to answer the point. If you want to actually argue the point, you need some statistics about the economy as a whole, not about one sector.
  - inflatableDodo 7y ago
    >"Mostly for the better" does not imply totally for the better. Of course you can find counterexamples, but that totally fails to answer the point. If you want to actually argue the point, you need some statistics about the economy as a whole Really? Lets look at the context; >'Lots of things are changing because Trump doesn't follow the "experts" but have his own way of approaching China for better or worse. Right now mostly for the better.' How would looking at the economy as a whole reflect on the way Trump approaches China? If I want to keep to that subject, I look at the situation with the sectors of the economy being impacted by the trade war with China and not the economy as a whole.
    - ThomPete 7y ago
      And I look at 4 million jobs being lost to China because Wallstreet, big companies and politicians on both sides of the political spectrum decided to trade American jobs for cheaper flatscreens, decided to introduced competition IN America through things like H1Bs and lax immigration rules both providing plenty of cheap labour and hurting ex. young black men the most because of extremely low wages. It's not serious to take one thing and pull it out of the whole ESPECIALLY when the goal of tariffs is not to make it the new normal but to force China to give us better access to their markets. If you can't see that we have no base for a rational discussion.
      - jayd16 7y ago
        You're confusing China losing with the US winning. We both lost.
        ThomPete 7y ago
        How can the strongest economy for more or less everyone especially minorities, increasing salaries, increasing jobs in blue collar industries be the US loosing? I think you are the one who is confusing what the trade war is about with what is economic theory. The tarrifs is not economic policy it's a tool to win the tradewar with china and give us better terms. How anyone can be against that is beyond me unless they working in the tech industry and don't really feel the reality of the last 30 years of destroying the american middle class.
jayd16 7y ago
Nothing has been better yet. So far it has only been not-catastrophically worse.
- leereeves 7y ago
  Lowest unemployment since 1969. That's better.
  - jayd16 7y ago
    It's the same trajectory it was before the current policies. The trend is hitting the floor as we're at full employment. (But I can't complain he's not taking us lower than that)
    - ThomPete 7y ago
      So when the economy is turning bad its also obamas fault i take it?
- Fjolsvith 7y ago
  GDP above 3%. As in above the 2% that the last administration forecast it to never get, ever again.