Author Topic: America's Bubble Economy (Read 6414 times)

Palumboism · « **on:** October 22, 2019, 08:19:05 PM »

Pretty accurate assessment of America's economy.

hardgainerj · « **Reply #1 on:** October 22, 2019, 08:47:45 PM »

invest in my precious metals or ill shoot this kitten-peter schiff

FitnessFrenzy · « **Reply #2 on:** October 23, 2019, 01:05:27 AM »

these perma bears bore me.

gib · « **Reply #3 on:** October 23, 2019, 07:01:46 AM »

Bitcoins.

loco · « **Reply #4 on:** October 23, 2019, 08:00:37 AM »

IroNat · « **Reply #5 on:** October 23, 2019, 09:05:48 AM »

Bogle, an honest man.

US MUSL · « **Reply #6 on:** October 23, 2019, 09:19:40 AM »

Quote from: FitnessFrenzy on October 23, 2019, 01:05:27 AM

these perma bears bore me.

This!!

R.A.M. · « **Reply #7 on:** October 23, 2019, 09:23:00 AM »

Quote from: loco on October 23, 2019, 08:00:37 AM

Bogle is / was a legend!

oldtimer1 · « **Reply #8 on:** October 23, 2019, 09:27:02 AM »

Our economy is going to get even stronger if we get this one way trade with China corrected. Nope, our economy is fine. Liberals are hoping for bad economy.

Palumboism · « **Reply #9 on:** October 23, 2019, 07:23:50 PM »

Quote from: oldtimer1 on October 23, 2019, 09:27:02 AM

Our economy is going to get even stronger if we get this one way trade with China corrected. Nope, our economy is fine. Liberals are hoping for bad economy.

Have wages gone up?

DanielPaul · « **Reply #10 on:** October 23, 2019, 08:23:59 PM »

Conspiracy in the days of Noah by Mark Goodwin. Audiobook on YouTube, give it a listen.

sync pulse · « **Reply #11 on:** October 23, 2019, 11:48:19 PM »

I still believe the next bubble popping will be high rise apartments...They are obscenely expensive and unpleasant to live in...and the number of people with the money to live in them as a percentage of the population is declining.

loco · « **Reply #12 on:** October 24, 2019, 04:03:52 AM »

Quote from: Palumboism on October 23, 2019, 07:23:50 PM

Have wages gone up?

Yes.

At a 10-year high, wage growth for American workers likely to keep accelerating

Hourly pay earned by the typical employee rose sharply in February, pushing the increase in wages over the past year to a 10-year high of 3.4%.

https://www.marketwatch.com/story/at-a-10-year-high-wage-growth-for-american-workers-likely-to-keep-accelerating-2019-03-08

IroNat · « **Reply #13 on:** October 24, 2019, 04:32:45 AM »

Quote from: Palumboism on October 23, 2019, 07:23:50 PM

Have wages gone up?

Yes, demand for labor is high.

Employers are scrambling to find workers.

Hypertrophy · « **Reply #14 on:** October 24, 2019, 06:56:56 AM »

Every time the US economy is doing well, the doomsday prophets come out in full force. It's a thing you know. Every economy since the beginning of time cycles up and down . Sitting in an ivory tower predicting an economy will eventually cool off is like predicting winter in the Northeast. Yes- eventually it will snow...

MAXX · « **Reply #15 on:** October 24, 2019, 07:43:44 AM »

Trump has done alot of Changes to help the US economy, which obviously helps. Pushing back China and Japan with trade wars, cutting back on costs etc.

But the economy is also psycological to an extent. With Trump alot of highly productive individuals would see optimism. Over-optimism causes bubbles.

So it's probably abit of a bubble aswell and it will even out abit in coming years. If Trump doesn't get re-elected highly productive individuals will see pessemism and the economy will sink like a stone as result.

Palumboism · « **Reply #16 on:** October 26, 2019, 03:45:45 PM »

Quote from: IroNat on October 24, 2019, 04:32:45 AM

Yes, demand for labor is high.

Employers are scrambling to find workers.

No, they just say that so they can load up on H1B visas from India and China. Pay more and you'll find all the workers you need.

Rambone · « **Reply #17 on:** October 26, 2019, 03:46:49 PM »

Quote from: Hypertrophy on October 24, 2019, 06:56:56 AM

Every time the US economy is doing well, the doomsday prophets come out in full force. It's a thing you know. Every economy since the beginning of time cycles up and down . Sitting in an ivory tower predicting an economy will eventually cool off is like predicting winter in the Northeast. Yes- eventually it will snow...

This!

IroNat · « **Reply #18 on:** October 26, 2019, 06:09:01 PM »

To sell gold you need to preach doom.

Dokey111 · « **Reply #19 on:** October 26, 2019, 06:11:55 PM »

Whatever Bogle says you can believe. That is all.

SOMEPARTS · « **Reply #20 on:** October 26, 2019, 07:36:56 PM »

Quote from: gib on October 23, 2019, 07:01:46 AM

Meth.

Palumboism · « **Reply #21 on:** October 26, 2019, 08:06:01 PM »

Quote from: oldtimer1 on October 23, 2019, 09:27:02 AM

Our economy is going to get even stronger if we get this one way trade with China corrected. Nope, our economy is fine. Liberals are hoping for bad economy.

Federal Debt: $22.9 Trillion

Corporate Debt $9.4 Trillion

Small business Debt $5.5 Trillion

Student Loans: $1.5 Trillion

Auto Loans: $1.2 Trillion

Credit Card Debt: $1.07 Trillion

Seriously, America is swimming in debt. Eventually that debt will have to be paid off, but to pay off debt you have to spend less than you earn. America's not very good at doing that. $:-\$

karasan · « **Reply #22 on:** October 27, 2019, 12:30:02 AM »

He says house ownerships is lower than 10 years ago but individual debt gone up...
Also university loans gone throught the roof which makes new graduates spend less.
He also says all those flashy job numbers are mostly minimum wage part time jobs, most people need to extra art time jobs to make ends meet.
Also FED's resistance to raise interest rates are actually diminishing security funds against inflation on the long run (in 25 years healthcare, pension and other social security will not be servicable)
Trump is trying to control trade deficit against China (over 300B a year but it is not possible to produce all those goods in homeland (there is not enough labor force and also it is not possible to produce that much without exploding inflation, as prices would triple with US wagesagainst low cost China)
Agening population is another problem for all the world including China.
Japan has 400B deficit in its social security spending every single year.
So not only USA's, all the world's future is rather bleak...

IroNat · « **Reply #23 on:** October 27, 2019, 04:19:02 AM »

Quote from: Palumboism on October 26, 2019, 08:06:01 PM

Seriously, America is swimming in debt. Eventually that debt will have to be paid off, but to pay off debt you have to spend less than you earn. America's not very good at doing that. $:-\$

No, it never has to be paid off.

denarii · « **Reply #24 on:** October 27, 2019, 04:31:51 AM »

Schiff is a table thumping idiot.