I think the Economy will be okay, despite Trump
- Thread starter PartyGirls
- Start date
There will be a slowdown. The Fed has kept rates high to almost guarantee this result. Soft landings are very difficult to engineer.
What surprises me is how long it has taken to get inflation down further. First, there has objectively been a lot of government spending. Secondly, the affluent have been spending because their homes and stocks went up in value quite a bit the last few years.
The economy hasn't been ok for 10 years FOR THE MASSES.
The elite business class has done very well for themselves.
Pretzel away Wyatt. LOL
Trump's tariffs risk economic turmoil - and voter backlash
Trump is making a high-stakes bet that could either reap major political dividends, or seriously undercut his second term.
www.bbc.com
Squeeze, you don't much about the economics. You strenuously objected a year or two back that the Canadian economy was not in structural decline. The numbers don't lie. We can't help Trudeau on that front.Pretzel away Wyatt. LOL
Trump's tariffs risk economic turmoil - and voter backlash
Trump is making a high-stakes bet that could either reap major political dividends, or seriously undercut his second term.
If you follow the discussions, I have been saying right here throughout 2024 that you can't keep interest rates high without a slowdown. A slowdown I've been seeing take shape before the election.
I always welcome discourse, but don't resort to trolling to oppose me in some hostile manner.
Last edited:
I'm not sure anyone would wish for a Canadian economy that stopped growing relative to population a long time ago.
It doesn't take an economics degree to understand structural stagnation limits opportunities for almost everyone and limits the ability of the government to do all those wonderful things you want it to do.
Last edited:
That's the irresistible force throughout the West. The challenge is how do you make life better for lower income people without significantly impacting the economy.
Giving people government benefits and protections can help, but if it disincentivises people you wind up with the stagnation loop that much of Western Europe is trapped.
Last edited:
Canada's interest rates are dropping and I'm sure we will have another drop in a couple of weeks, so I don't know what you're talking about. You keep trying to preztel yourself into defending an all-out tariff war brought on by your cult leader Trumputin and I'm the one who doesn't know much about economics? Okay there Wyatt, whatever you say. LMAO
I'm not defending anything. I'm presenting information that some might find discomforting.
Anyone who actually reads the text can see I noted the Federal Reserve and interest rates they control in the second post in the thread. The OP seemed to be referring to what was going in in the U.S.
"The real power in the USA is the elite business class.
They won't let Trump destroy the economy."
Last edited:
Trump needed to fixed US economy, because of
$37 trillions dollars in federal debt and every 100 days an increase of 1 trillion dollar added to the debt! Social Security is expected to be underwater by 2040. $200 Trillion dollars in unfunded liabilities. Has Federal huge budget deficits. Spending is out of control
Trump has no choice ! Trump is playing the long games. short term pain ( tariffs ) for long term gain ( forces manufacturers business to relocate back to USA ( or suffer tariffs) . Car manufacturers will build in USA instead of Canada , Mexico. Just announce yesterday Honda will build car in USA,
South Korea announced
Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday.
$100 billion of dollars in chips manufacturer plant in USA.
Canadian economy will be ok as soon as Trudeau leaves.President Trumps fucking hates woke feminists Justin Trudeau ( 3x blackface / drama teacher ) ! Once Trudeau leaves office and there a new leader .Then President Trump and the new leader will talk and negotiate.
And things will return back to semi normal or hopefully normal. But Canadian will have a wake up call that you have to built new pipeline all to west and to east to expand new market for our oil and commodities. And they need kill Carbon tax or Carbon scam!
PS. Trump playing the long game. Try to get manufacturers to build in USA instead aboard!!! Short term pain for long term gain. Any short term pain, he probably will give out grant or subsidies to offset the pain. Question is can Canada hold out longer then USA before they give in!
Our progressive friends are too sworn to ideology to understand that a strong U.S. economy is good for Canada. Sure, it's possible selling commodities to China is the play. The problem is both the U.S. and Europe are closing their markets to more and more Chinese finished product. The Europeans are more reserved in their actions than the U.S., but this is what is happening. So the selling commodities to China play is overplayed. Just ask Brazil. Lula (Brazilian President) made a deal with the devil over twenty years ago and China overran the Brazilian industrial base. (Lula is a socialist fool.)
Last edited:
Let`s face it Canada has never had a canadian identity.
The companies will not bring back their production in the US. Because, worldwide, the US is a relatively medium market. Producing in the US is way too costly. Apple cannot produce an iPhone in the US. It's the same for a whole lot of products. So Trump is under a completely different agenda and fooling you all. No wonder Trump as been a fraud since the early 80's.
It does not take an economics degree to see that what Trump is doing makes zero sense economically.
The companies will not bring back their production in the US. Because, worldwide, the US is a relatively medium market. Producing in the US is way too costly. Apple cannot produce an iPhone in the US. It's the same for a whole lot of products. So Trump is under a completely different agenda and fooling you all. No wonder Trump as been a fraud since the early 80's.
Surely, you understand that wages are a much smaller cost than Western value costs such as environmental and safety costs applied to domestic production. That's before you consider that China and other countries that subsidize local production directly or indirectly. (Think Steel and Aluminum.) These were Bernie Sanders' bread and butter issues before Trump took them up.
Listen to me now and believe me later, Canada's economy beyond merely being a commodity producer for China and the rest of Asia depends on a strong, diverse U.S. economy.
PS- Please stop dwelling on Iphones. There is an entire production portfolio that the U.S. has to consider.
PS2- I'm not sure what your point is about Canadian identity. Seems like a domestic quarrel.
Last edited:
So are you arguing that american wages should be cut to the level of Chinese workers and safety protections removed to the same levels as well?
Is that the MAGA plan for prosperity?
Historically, we always depend on the market of the US because Canada has always considered the US a close friend. Why Canadians are so pissed now is the realization that we are not. We got betrayed. We are just learning that the GOP has absolutely no friends. Everything is an asset. Lesson learned I guess.
In Canada, we are loaded with natural resources. In Quebec alone, we have more natural water than the whole world combined. We need to take the next few years to open up all our resources to other markets.
