I'm going to quote myself:TheCatt wrote:Yes, but are tariffs the answer for that?Leisher wrote: Trying to find the silver lining in these tariffs, which are always a stupid idea, I guess one could say Trump isn't wrong in trying to get China to stop stealing from us. Not just IP either. Most corporate espionage is done by China, which is troubling when you look at their Made in China 2025 plan.
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“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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Right, so....
tariffs have nothing to do with that. Although, I guess at some point, we wouldn't manufacture stuff there, so it'd be harder to steal.I guess one could say Trump isn't wrong in trying to get China to stop stealing from us.
It's not me, it's someone else.
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Yeah, I really sort of think his cries about IP are just an excuse to enact tariffs. It's one of the few issues he's been consistent in his entire public life.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
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I don't think you're following what I wrote.
It's important you don't throw out this part:
I am CLEARLY against the tariffs, but trying to find ANY sort of good in them I then say the rest of the statement.
Point being my opinion is: He's 100% right that China needs to stop stealing IP and pretending they aren't doing anything wrong. He's also 100% wrong that tariffs are the solution.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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Well, there's no basis (at the moment) for his statements, other than fantasy.
He's not wrong that our debt load is insane. But... no one seems to give a shit at the moment.
He's not wrong that our debt load is insane. But... no one seems to give a shit at the moment.
It's not me, it's someone else.
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“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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I remember people giving a shit about the deficit under W, but then they forgot it under Obama. I guess no one wants to think about it any more. We've got deficit fatigue.
"Be bold, and mighty forces will come to your aid."
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The economy is really good right now: https://money.cnn.com/2018/07/25/news/e ... index.html
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Good news
Less good newsSecond-quarter economic growth came in at an annual rate of 4.1%, the government said Friday. That was the best showing since the third quarter of 2014.
Economists are generally predicting slower growth in the second half of the year, as the effects of the tax cut wear off and rising interest rates depress consumer spending.
Already announced tariffs are forecast to be only a slight drag on economic growth, unless more are imposed. And it seems that corporate executives are treading carefully, as surveys of business confidence and hiring expectations begin to flag.
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I'm skeptical.The US economy grew at a 4.1% annual rate in the second quarter of the year, a figure Trump touted as "amazing" and sustainable -- even as economists caution economic growth for the second half of the year will likely be slower.
"These numbers are very, very sustainable -- this isn't a one-time shot," Trump said on Friday, speaking from the South Lawn of the White House.
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Why it's different this time (people agreeing with me)TheCatt wrote:Only until the recession is declared... not until it starts. That being said, historically the recession has followed 6 to 17 months later: https://en.wikipedia.org/wiki/Yield_cur ... ield_curve
https://www.wsj.com/articles/widely-wat ... 1?mod=e2fbThe conventional wisdom surrounding an inverted yield curve stems from two different paths coming together. Investors see longer-term bond yields climbing during strong growth and shorter-term ones rising when monetary policy tightens. When the gap narrow, questions are raised about whether the expansion has run its course.
Several analysts say the recent flattening of the yield curve has mostly been driven by monetary policy and continued growth—and not by fears of an imminent slowdown in expansion.
“The bond market isn’t flashing yellow or red yet,” said Brian Nick, chief investment strategist at Nuveen. “The prevailing story here is still that the U.S. is growing pretty nicely.”
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Yeah, I think there's a good chance this gets wrecked with all this tariff nonsense.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
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I'm wondering if there's another huge housing market crash on the horizon. All the baby boomers are going to be dying off or selling to relocate. Meanwhile, millennials can't get jobs or don't want to be home owners.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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One of the big influences to the housing market has been the rise of the Asian rich, buying home in North America (and Europe, to a lesser extent). The housing market isn't just local any more.
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Also the price of lumber jumping by 30% or so.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
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It's not me, it's someone else.
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“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
It's not me, it's someone else.