It’s Official: This Is Now the Longest Economic Expansion in US History
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It’s Official: This Is Now the Longest Economic Expansion in US History
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Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#2Money is strange, right? It literally doesn't exist yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns? It's almost as if we simply just get angsty all at once, see a global therapist and the economy recovers.
Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#3Is it real growth or just inflation showing up primarily in asset prices?
At the street level it looks as if some recovery has occurred, but you certainly can't compare it to the "roaring 90s." The average person has not felt much of this.
Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#4Money is strange, right? It literally doesn't exist yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns? It's almost as if we simply just get angsty all at once, see a global therapist and the economy recovers.
It doesn’t run out. It just gets stuck.
Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#5Money is strange, right? It literally doesn't exist yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns? It's almost as if we simply just get angsty all at once, see a global therapist and the economy recovers.
Before the 2008 GFC, Bernanke said something like recessions are in the past. Or that they had "solved" economics.
Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#6Money is strange, right? It literally doesn't exist yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns? It's almost as if we simply just get angsty all at once, see a global therapist and the economy recovers.
It is not possible to disable downturns. It sounds different if framed as the longest economic bender in history. The hangover is likely to be brutal.
Alternatively one might argue that what is happening is a kind of bifurcation. The wealthy and well measured get an ongoing expansion while the poor, shiftless, and unrecorded fall through the cracks at alarming rates. We didn't have homeless families in significant numbers when I grew up and now they are pervasive. That is pretty poor real performance for a best ever economy.
Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#7Is it real growth or just inflation showing up primarily in asset prices? At the street level it looks as if some recovery has occurred, but you certainly can't compare it to the "roaring 90s." The average person has not felt much of this.
Both contribute to higher prices. Corporate profits are up a ton too, over the past 5 years.
Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#8Money is strange, right? It literally doesn't exist yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns? It's almost as if we simply just get angsty all at once, see a global therapist and the economy recovers.
Persuasion is the most powerful force in the world. You can literally create money out of nothing, if you can persuade the masses of an optimistic future.
Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#9Money is strange, right? It literally doesn't exist yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns? It's almost as if we simply just get angsty all at once, see a global therapist and the economy recovers.
It is not possible to disable downturns. It sounds different if framed as the longest economic bender in history. The hangover is likely to be brutal. Alternatively one might argue that what is happening is a kind of bifurcation. The wealthy and well measured get an ongoing expansion while the poor, shiftless, and unrecorded fall through the cracks at alarming rates. We didn't have homeless families in significant nu…
By that same logic, you might also argue it's not possible to stifle success. The very formation of the central bank was (besides self enrichment) made to stabilize the economy. So in that sense you're quite wrong.
Re: It’s Official: This Is Now the Longest Economic Expansion in US History
#10Money is strange, right? It literally doesn't exist yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns? It's almost as if we simply just get angsty all at once, see a global therapist and the economy recovers.
It is not possible to disable downturns. It sounds different if framed as the longest economic bender in history. The hangover is likely to be brutal. Alternatively one might argue that what is happening is a kind of bifurcation. The wealthy and well measured get an ongoing expansion while the poor, shiftless, and unrecorded fall through the cracks at alarming rates. We didn't have homeless families in significant nu…
Right, the fix would be some form of govt regulation to break the bifurcation or maybe more social net support.