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Post subject: Re: Does anyone care about the economy?
Posted: Sat January 27, 2024 5:46 am
mXn
Joined: Thu January 24, 2013 4:32 am Posts: 20935 Location: Surrounded by Wokes. Please send help.
Vitalogist wrote:
I’m still getting used to the personalities on this site, but it seems like Bammer is just saying stuff to mess with people? Is that right? I feel like I might be missing something.
Both Japan and the United Kingdom said Thursday their economies likely weakened during the final three months of 2023. For each, it would be the second straight quarter that’s happened, which fits one lay definition for a recession.
Yet in the United States, the economy motored ahead in last year’s fourth quarter for a sixth straight quarter of growth. It’s blown past many predictions coming into last year that a recession seemed inevitable because of high interest rates meant to slow the economy and inflation.
Give much of the credit to U.S. households, who have continued to spend at a solid rate despite many challenges. Their spending makes up the majority of the U.S. economy. Government stimulus helped households weather the initial stages of the pandemic and a jump in inflation, and now pay raises are helping them catch up to high prices for the goods and services they need.
On Thursday, a report showed that fewer U.S. workers filed for unemployment benefits last week. It’s the latest signal of a remarkably solid job market, even though a litany of layoff announcements has grabbed attention recently. Continued strength there should help prop up the economy.
Post subject: Re: Does anyone care about the economy?
Posted: Fri February 16, 2024 7:07 pm
See you in another life, brother
Joined: Thu December 20, 2012 4:45 pm Posts: 6669
McParadigm wrote:
Government stimulus helped households weather the initial stages of the pandemic and a jump in inflation, and now pay raises are helping them catch up to high prices for the goods and services they need.
This sentence is rough with basic economic misunderstanding.
_________________ "I want to see the whole picture--as nearly as I can. I don't want to put on the blinders of 'good and bad,' and limit my vision."-- In Dubious Battle
Post subject: Re: Does anyone care about the economy?
Posted: Fri May 03, 2024 5:01 pm
Looks Like a Cat
Joined: Wed April 20, 2016 7:11 pm Posts: 14323
BurtReynolds wrote:
I almost posted that. amazing clip
Seems like there is some context missing. Was he trying to explain MMT?
_________________ "The fatal flaw of all revolutionaries is that they know how to tear things down but don't have a f**king clue about how to build anything."
Post subject: Re: Does anyone care about the economy?
Posted: Fri May 03, 2024 5:04 pm
Future Drummer
Joined: Tue February 12, 2013 5:03 pm Posts: 2413
BurtReynolds wrote:
I almost posted that. amazing clip
"Why does the government borrow in a currency it can print?" is a good question with a straightforward answer:
They borrow in a currency they can print because fiscal policy isn't monetary policy, and each is a tool with a purpose different from the other. The treasury "borrows" to meet fiscal needs, and primary dealers/member banks need not be a part of the transaction (though they can be, as potential buyers of the treasury notes). The Federal Reserve "prints" - conducts open market operations - to manage inflation. "Printing" takes the form of providing liquidity to intermediaries - the primary dealers/member banks - and the fractional reserve nature of our banking system expands (or contracts, as need be) the money supply 10x to meet whatever the current goals of monetary policy may be.
In fairness, it's confusing because at base, bonds and dollars are both debt-based. The fiscal and monetary waters are very muddy.
Post subject: Re: Does anyone care about the economy?
Posted: Fri May 03, 2024 5:06 pm
Future Drummer
Joined: Tue February 12, 2013 5:03 pm Posts: 2413
Bi_3 wrote:
BurtReynolds wrote:
I almost posted that. amazing clip
Seems like there is some context missing. Was he trying to explain MMT?
Yeah, that's what it looks like it to me.
MMT: spending isn't a problem because we can borrow, borrowing isn't a problem because we can print, printing isn't a problem because we can tax, and taxing isn't a problem because we can spend.
Post subject: Re: Does anyone care about the economy?
Posted: Fri May 03, 2024 10:33 pm
NEVER STOP JAMMING!
Joined: Sun September 15, 2013 5:50 am Posts: 22666
yellen gonna sweep the treasury floor soon
pump our bags, baybayyyyyyyyy
_________________ All posts by this account, even those referencing real things, are entirely fictional and are for entertainment purposes only; i.e. very low-quality entertainment. These may contain coarse language and due to their content should not be viewed by anyone
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