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U.S. Is World’s Most Competitive Economy for First Time in a Decade

wsj.com

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Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#31

Post by spork12 »

geofft wrote: post #21

Is it just me or has the HN front page been more overtly political in the last few days? This is #1, some fear-mongering about China from Bloomberg is #2 (as if we forgot their technical fear-mongering about China the other day), and both of the stories are mainstream news (explicitly discouraged in the Guidelines) and have no particular "hacker" angle, except insofar as many hackers participate in the world economy…

How is this stuff getting upvoted?

I dunno... prob because it's popular and people want to read it.

Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#33

Post by Covzire »

threeseed wrote: post #8
tjr225 wrote: post #7

Earlier quoted context omitted.

I wonder who will be left to pay for the deficit when all is said and done?

There is news about this today. McConnell is demanding that the Democrats work with Republicans to cut entitlement programs. Even though they control all three branches and are the ones who passed the very expensive tax cuts.

Isn't it too early to say what the cost of the tax cuts were? If the Republicans are right, they'll spur enough economic growth to be a net gain across the board in both new economic activity (wealth). I don't know if there's a proper name for it, but I'd much prefer a dollar spent in the private sector so the government doesn't have to spend two just to accomplish the same thing.

Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#34

Post by xeroaura »

arama471 wrote: post #24
geofft wrote: post #21

Is it just me or has the HN front page been more overtly political in the last few days? This is #1, some fear-mongering about China from Bloomberg is #2 (as if we forgot their technical fear-mongering about China the other day), and both of the stories are mainstream news (explicitly discouraged in the Guidelines) and have no particular "hacker" angle, except insofar as many hackers participate in the world economy…

Isn't the Bloomberg thing literally about hacking? Or are you talking about a different China Bloomberg article than I am

I think they mean the one that is #2 right now about China's hidden debt.

Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#35

Post by codexon »

40acres wrote: post #18
threeseed wrote: post #8

Earlier quoted context omitted.

There is news about this today. McConnell is demanding that the Democrats work with Republicans to cut entitlement programs. Even though they control all three branches and are the ones who passed the very expensive tax cuts.

There has been a clear trend for decades now showing that the defecit grows under Republican presidents and shrinks under Democratic ones. Aside from cultural issues like abortion the Republican agenda seems so far removed from what their constitancy needs it's hard to fathom. The next time Democrats are in control you'll be sure to see GOP complaints that the defecit is a problem and entitlements should be on the ch…

It does makes sense from their standpoint though. In their mind, everything they want to spend money on is necessary, while everything the other party wants to spend money on is wasteful.

Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#36

Post by NTDF9 »

paulpauper wrote: post #14
tjr225 wrote: post #7

Earlier quoted context omitted.

I wonder who will be left to pay for the deficit when all is said and done?

Japan has run much bigger deficits relative to GDP for a long time and yet inflation and bond yields are rock-bottom.

But their GDP hasn't been growing much either. They've been fighting deflation (or non-wage inflation) for a long long time.

I'm not sure a deflation is good for us.

Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#37

Post by soperj »

paulpauper wrote: post #14
tjr225 wrote: post #7

Earlier quoted context omitted.

I wonder who will be left to pay for the deficit when all is said and done?

Japan has run much bigger deficits relative to GDP for a long time and yet inflation and bond yields are rock-bottom.

Don't know why they don't try increasing minimum wage there, since everyone seems to think that leads to inflation.

Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#38

Post by sxates »

paulpauper wrote: post #22
kevmo wrote: post #9

Meanwhile, household debt is at it's all-time high, $13.3 trillion... surpassing its previous peak in 2008. https://www.newyorkfed.org/microeconomics/hhdc.html This article seems like fluff/propaganda.

when ppl think of household debt, they think big screen TVs and other discretionary items, but it's actually mostly mortgages and student loans https://www.valuewalk.com/wp-content/uploads/2017/05/US-Hous...

Cost of houses and education are both way up, so it would make sense. Does this stat get calibrated against inflation or wages?

Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#39

Post by cprayingmantis »

geofft wrote: post #21

Is it just me or has the HN front page been more overtly political in the last few days? This is #1, some fear-mongering about China from Bloomberg is #2 (as if we forgot their technical fear-mongering about China the other day), and both of the stories are mainstream news (explicitly discouraged in the Guidelines) and have no particular "hacker" angle, except insofar as many hackers participate in the world economy…

I’ve been noticing this for some time as well. Either HN is becoming more political or someone is manipulating the voting. I honestly think HN is at its best when it’s apolitical.

Re: U.S. Is World’s Most Competitive Economy for First Time in a Decade

#40

Post by spork12 »

tjr225 wrote: post #7
threeseed wrote: post #5

That economic growth came at a pretty severe cost though. The budget deficit blew out by 17% in 2018 as a result of the tax cuts.

I wonder who will be left to pay for the deficit when all is said and done?

No one, we can default to the federal reserve if we need to they are our own central bank.
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