Goldman Sachs predicts U.S. economy will grow 8% this year

[Mk-313]

The government guarantees/subsidizes bad investments and then the advocates for these bad investments try to get the government to write off their debts. This is true in student loans, housing mortgages, and too big to fail corporations.

True, new people turn 18 everyday, but more and more of their income goes into paying for higher rents/mortgages, student loans, and other expenses, leaving less for discretionary spending. A reform to the education system (less college more trade schools, etc.) could allow young people to get a better ROI on their time and finances, as well as the government’s subsidy. The government is propping up failing universities. In housing, the government bailout of lenders that offered mortgages to people they knew couldn’t pay led to the 2008 economic crisis. Ultimately, it required legislation to stop these practices, but the damage had been done.

Ultimately, the rising debt will need to be paid back with higher taxes, which will eat away at the productivity of the average taxpayer. Perhaps the government expects population growth to outpace the debt burden.

thats not even remotely true or how it works. and this discussion is going to be so long that i am not ready to write paragraphs over paragraphs. but US is the issuer of its own debt and the debt is issued in US dollars. the government can always print its money to pay off its debt. does require to raise taxes all the way

and even if the taxes are raised what do u think govts going to do twith the taxes? its going to spend and its spending becomes someones incomes and that income is going to be spent somewhere which becomes someones elses income. and so liquidity flows in the system again

 

[F-22Raptor]

Average American is getting poorer. I have read horror stories from middle class and working class Americans that are now basically in poverty. The wealthy are getting richer through massive money printing. America will be like India soon with mass poverty and extreme wealthy. No middle class.

The average American is wealthier and has more opportunities than at any point in history. It’s very difficult to truly be poor in this country. Even the “poor” have smartphones, the latest gaming consoles and Nike Air Jordan’s.

America is the land where dreams come true. Its why millions immigrate here.

 

[Yongpeng Sun-Tastaufen]

China has over 600 million poor with $140 monthly income: Premier Li Keqiang - CNBC TV18

Business News: Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

www.cnbctv18.com

chinas economy has started to deleverage. their state enterprise are defaulting on their debt left and right. their banks are running out of cash to the point their putting withdrawals limits in Hebe. they opened up their bond markets to take more debt from foreign investors

normally it wouldnt bother me what a foregin economy is doing but now theyre tied to the world and how they do effect how the world economy does

1,000 yuan is considered minimum wage in China. However in China 1,000 yuan can buy more than 1,400 USD can in the US. Plus China has free housing, medicare, which means minimal wage in China has better quality of life in China compared to minimal wage in the US.

America is the land where dreams come true. Its why millions immigrate here.

The land without a single km of high speed rail. Meanwhile in China:

 

[Mk-313]

1,000 yuan is considered minimum wage in China. However in China 1,000 yuan can buy as much as as 1,400 USD can in the US considering low prices in China. Plus China has free housing, medicare, which means minimal wage in China has better quality of life in China compared to minimal wage in the US.

do you get barrel of oil cheaper than we do in US? PPP measures are fine when your talking about local services in a country but on international level and on commodities that matter nominal prices are what matters. US and china are gona pay same prices to the arabs for oil for example

Take a piece of vegetable for example. it might cost less labor to grow but it uses petrol to be trasnported to the market petrol for you to drive your car to go to the market. petrol when the seeds are delivered to the farmer and so on and so forth. and this is just 1 example.

US has free housing as well, free lunch, free school, free healthcare (medicaid, medicare) if you are poor or over 65.pretty mcuh every big nation has social services for the poor

 

[Yongpeng Sun-Tastaufen]

do you get barrel of oil cheaper than we do in US? PPP measures are fine when your talking about local services in a country but on international level and on commodities that matter nominal prices are what matters. US and china are gona pay same prices to the arabs for oil for example

Take a piece of vegetable for example. it might cost less labor to grow but it uses petrol to be trasnported to the market petrol for you to drive your car to go to the market. petrol when the seeds are delivered to the farmer and so on and so forth. and this is just 1 example

China does not use USD. 140 USD convert to 1,000 yuan but in China 1,000 yuan buys more than 1,400 USD can buy in the US.

America is the land where dreams come true. Its why millions immigrate here.

The land where dreams come true? How about the land without a single km of high speed rail. Meanwhile in China:

 

[Mk-313]

China does not use USD. 140 USD convert to 1,000 yuan but in China 1,000 yuan buys more than 1,400 USD can buy in the US.


The land where dreams come true? How about the land without a single km of high speed rail. Meanwhile in China:

china defines its poverty level as someone earing less than 2200 yuan

China: poverty ratio 2020 | Statista

Since 2000, the share of people living in extreme poverty in rural China has been constantly decreasing.

www.statista.com

 

[FuturePAF]

thats not even remotely true or how it works. and this discussion is going to be so long that i am not ready to write paragraphs over paragraphs. but US is the issuer of its own debt and the debt is issued in US dollars. the government can always print its money to pay off its debt. does require to raise taxes all the way

and even if the taxes are raised what do u think govts going to do twith the taxes? its going to spend and its spending becomes someones incomes and that income is going to be spent somewhere which becomes someones elses income. and so liquidity flows in the system again

Don’t worry, save the paragraphs but I thank you for the discussion, food for thought. The take away I get is that as long as the US is the issuer of its own debt, us Americans should be fine. Good night.

 

[GumNaam]

I'm no republican but take it with a whole lotta salt...most of these "independent" economists are outwardly very pro democrat & anti republican. everytime dems come to power, the economy automagically starts booming but as soon as the reps come to power, their projections start going down the toilet.

 

[Yongpeng Sun-Tastaufen]

china defines its poverty level as someone earing less than 2200 yuan

2,200 yuan in China buy as much as 2,200 USD buy in the US. Different countries have different standards. China has fairly low unemployment rate compared to the US, only 3.6%.

 

[Mk-313]

I'm no republican but take it with a whole lotta salt...most of these "independent" economists are outwardly very pro democrat & anti republican. everytime dems come to power, the economy automagically starts booming but as soon as the reps come to power, their projections start going down the toilet.

well if youre gona give $2 trillion of tax breaks to the rich thats $2 trillion dollar taken out of the economy that would otherwise be spent and increases GDP.... i wonder why economy automatically starst doing better

 

[GumNaam]

well if youre gona give $2 trillion of tax breaks to the rich thats $2 trillion dollar taken out of the economy that would otherwise be spent and increases GDP.... i wonder why economy automatically starst doing better

it doesn't. just typical u.s. media magic management.

2,200 yuan in China buy as much as 2,200 USD buy in the US. Different countries have different standards. China has fairly low unemployment rate compared to the US, only 3.6%.

what can 2200 yuan get you in China? please explain? in the u.s. 2200 usd barely pays your rent unless you're living out in the boonies in the middle of no where.

 

[Mk-313]

it doesn't. just typical u.s. media magic management.

Ahhh. and here i thought the entire world, their leaders, their corporations, and their economist were doing meaningful work when they would put estimates out. when foreign investment would pour into US, central banks would hold treasuries and the dollar. but i guess all we needed to do was get a degree in media magic

 

[FairAndUnbiased]

Strange, I’ve always heard most of the people coming in, once they become citizens will vote Democrat. Don’t get me wrong, many are the hard working type that would vote for the republicans for the lower taxes if it was for the xenophobia (which is why a higher percentage of Latinos votes for Trump this election then last).

Depending on if they make comfortably into the middle class, they will stay voting Democrat or move over to voting Republican. Second generation and third generation citizens usually don’t hold on to the baggage of their immigrant ancestors and tend to vote their interests.

Do you deny that ex Muslims, Felon Goons, Iranian monarchists, Vietnamese refugees, etc. are basically more Republican than Republicans? Have you heard what ex Muslims say about Islam and compared it to neo Nazis?

 

[FuturePAF]

Do you deny that ex Muslims, Felon Goons, Iranian monarchists, Vietnamese refugees, etc. are basically more Republican than Republicans? Have you heard what ex Muslims say about Islam and compared it to neo Nazis?

How many of the over immigrant population do they make up. Also, many of the younger Vietnamese and Cubans vote Democrat. I can assume disenchanted people say, and that they will side with whomever opposes their opponents. This is why the democrats try to get new voters; to offset those they lose to the republicans.

 

[GumNaam]

Ahhh. and here i thought the entire world, their leaders, their corporations, and their economist were doing meaningful work when they would put estimates out. when foreign investment would pour into US, central banks would hold treasuries and the dollar. but i guess all we needed to do was get a degree in media magic

yup, tellin' ya man...that's where its at...media magic. perception is reality and...