DOW down over 800 points as world markets fall.

market always drops off 3rd quarter, nuthin to see here, move along...

 

So a social conservative who hates economic conservatism and wants to pretend it doesn't exist because it is too inconvenient to address. Got it. We've got a lot of those running around these days. That's what's running the GOP.

 

You’re not listening, my friend. I attach no labels to the word Conservative. If you’d like me to, I can spell out what my version of Conservatism is, but you won’t like it still.

 

No you are wrong, recession is not caused by unemployment, the result is unemployment. First recession and than the lay offs.

The stock market is just a indicator nothing more, completely unimportant when it comes to economic realities.

Germany saving money and having a balanced budget law is rather good, not stupid. If times are good you save and invest, save for the usual, predictable bad times and invest, but you do not ad to the debt, you try to reduce your debt.
When the crap hits the fan, you have money ad are able because of your superior credit rating to get cheap money if needed. Its pretty much like in real live.
Right now the discussion in Germany, should Germany go on the market an get money. It would get payed to do so, negative interest rates and continue its current financial politics. Just take out a whooper, which produces money.
A loan which produces money, not costing money.
Which country has that ability.
I would take out that whooper, its free money and pays interest, balance it to my savings, same amount and let her rip.

Nope Germany has played it rather smart, got very cash rich. Used the good times properly and has created the ability to get money for nothing, well even get payed for taking loans.
Very smart.

 

Show me we're the tariffs brought back jobs to America. Hell you cannot even find cases were any Trump trade policy brought a net gain in American jobs.

 

I don’t have to. I like our unemployment rate.

 

I do not like unemployment. We should strive for a system where anyone able and willing to work should have the possibility of getting a job.

 

What are you talking about? You can’t get much better than 3.7% unemployment.

 

Under President Trump we have it. Try and find yourself a good employee... you can’t.

 

Our markets are fully dependent on the fifth plank of Marx's manifesto, the FED and its non free market pricing of currency.

 

So you do not think that we can get better? You do not think that we should stop the flow of American jobs to foreign countries?

 

When I was in college we were taught that 5% and lower is considered full employment. There isn’t really much you can do. Has unemployment ever been lower than what it is now in the history of the Us?

 

It has buy they cost. In Germany, don't mistake me with Sobo please, you have a free education system. The trade education system is free and you will get payed for learning a job. Sobo made around 1100 to 1200 Euro while he was in training, to be a cop..
That is not to bad, if you consider average retirement draw of 650 Euro, not taxed. Living cost are different.

I am a German certified Master, I am Export und Einzelhandel und Produktion, Import and Export, Retail and Production.
To become a Tradesman, Geselle, I had not to pay for my education, I was payed, very little, even at that time, I was just 15 years old.

Tradesman means you are a fully educated employee and you will get payed accordingly.
Free education, including pay till here. Fully insured, no worries pampered all the way, considering the US its pampered.
Master is a different story, cost about 50,000 Euro. It is the highest level of education in a trade. Its not university.
You have to know your trade insight and out, every thing, not theory, real knowledge and than the theories and there is one more thing, A Master has to have the ability and knowledge to teach.
I made my Master, living in the US and having my own businesses. Did I need it no, but I wanted it, it just finished of my Tradesment.
In Germany Master, Meister, is huge, in the trades far more important than a college degree or going to university.
This blue collar for free education and certification does not exist in the US, even payed during education, a simple tradesman costs thousands in the US

 

We were all exposed to certain economic opinions in college that may or may not stand the test of reality. Furthermore how we measure unemployment has changed over time. The unemployment rate is based on the number of people looking to find work not all who are not working.

This thread is about the stock market. The level of the stock market and unemployment is not parallel. In the early 1990's there were crazy times that when companies announced layoff their stock would rise. So unemployment rate and stock market did not rise and fall in the same direction.

 

When Americans start paying the same price for products coming from China or made in the US then manufacturing jobs will most likely return to the US. That is what tariffs are designed to do. If Americans want manufacturing jobs to return then they should also expect to pay more for the product. But it seems Americans, who I still hear complain about finding only cheap Chinese goods in the stores get angry when a president tries to level the playing field. Americans will never be able to compete with low wage Chinese labor so either tariffs are put on Chinese imports or China will raise the wages of their workers. If I was a Chinese employee making a low wage I'd be secretly applauding the tariffs.

 

He is claiming this about the bond yield and all it tells us is that short term rates are too damned high. There are lefties professing in public a wish for a recession to hurt Trump. How sick is that?

 

Not just low wages, but China has a long term plan, the Belt and Road policy to undercut manufacturing to make other countries dependent on China. China subsidizes it's companies to help undercut other countries.

 

He is claiming its the feds fault, or anyone else fault except but his own idiotic economic policies.

This is what trade wars always do. They hurt all sides, and bring upon global recessions, where everyone hurts.

 

Trump economic policies are not idiotic

Liberals in china and on wall street may engineer a recession just to keep trump from getting reelrcted

 

There is nothing you can do with people who are not on the job market short of putting a loaded gun to their heads.
Unemployment under 5% is considered normal because that rate is representative of people normally being laid-off / fired who seek immediate reemployment. When you go lower then 5% you create an upwards pressure on wages (which we observe now), but this pressure can also result in higher inflation.
So, as far as I’m concerned, when unemployment is under 5% I’m happy. Anyone who wants to rejoin the workforce can easily do that when unemployment is so low.

 

The consequence of your post is that the Chinese employees would be out of a job so why would they applaud

 

Trade colleges are not expensive. You can get a 2 year degree and owe less than $10k. That’s not even the cost of a new car.
While it’s still pricier than “free”, it’s not much of a burden. The US population is more obsessed with academic degrees - those are pricier, but almost anyone can get a shot at it. This education also incorporates 2 years worth of liberal arts studies, which I find is great at developing critical thinking skills, something that I noticed many European counterparts are lacking.

The most important thing is - if everything in Germany was so great then their GDP per capita would be at least equal to the GDP per capita in the US. Their welfare state puts limits on their growth and earning power. High taxes, over regulation, making it difficult to hire/fire will always result in stagnant growth at best. Even mandatory vacation hurts everyone because companies are forced to hire additional staff that should cover when some employees are gone for extensive vacations. That’s why their wages are low when compared to the US wages.

 

That is the anti Trump narrative but the recent dip was caused by the latest announcement about the bond yield curve which has nothing to do with trade.

 

I do not believe that what you think about tariffs will accomplish what you think. I agree that American labor costs are higher than Chinese that is obviously that is the main reason why American companies went to China. This entire deal of trade inbalance has a multitude of reason to happen and tariffs may bring attention to the problem but tariffs alone is not the answer.

I knoe that Trump supporters think that Trump is using tariffs as a tools to get the Chinese attention but I never trust him. He lied about Mexicompaying for the wall ( yes us intelligent people knew he was lying) so why should I believe him when he says that he will fix the trade fiasco.

I lost respect and faith in almost anything that guy says or does. I agree with some of his immigration and census policies but not necessarily for the reasons he says they are for.

 

Yoy can remove able bodied people from welfare

Right now government is paying them not to work

Deporting illegals will create job openings for Americans

As will bringing fack production from china