The Economy

[Noitall]

1. Argentina is not what we were discussing.
2. Argentina’s economy has changed but not entirely for the better.
3. Argentina’s poverty rate increased to 53% in the first half of 2024.
4. Argentina’s inflation rate is still very high (84% for the 12 months ending in January).
5. Argentina’s central bank benchmark interest rate is currently 29%. Not exactly the low rate you advocated for. Why is their rate so high? Because they’re using it to lower inflation, exactly as I explained to you.

Noitall/moOHmo is desperately trying to prove a point … but he doesn’t even understand what that point is.

Idiot

 

[Rotadom]

 

[Noitall]

Idiot

 

[Rotadom]

 

[DeluxAuto]

BREAKING: 30-Year Mortgage Rate at 7.50%, near its highest level in 25 years, per Barchart

 

[DeluxAuto]

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[MajorRewrite]

Last week Doddering Donnie was all excited about reciprocal tariffs, but he’s abandoned that already and now wants to tax the shit out of cars and other high-profile stuff. He has the attention span of a toddler.

Trump to introduce 25% tariffs on autos, pharmaceuticals and chips

A recap of Donnie’s wandering tariff fetish:

Since his inauguration four weeks ago, Trump has imposed a 10% tariff on all imports from China, on top of existing levies, over China's failure to halt fentanyl trafficking. He also announced, and then delayed for a month, 25% tariffs on goods from Mexico and non-energy imports from Canada.

He has also set a March 12 start date for 25% tariffs on all imported steel and aluminum, eliminating exemptions for Canada, Mexico, the European Union and other trading partners. Trump also announced that these tariffs would apply to hundreds of imported downstream products made of steel and aluminum, from electrical conduit tubing to bulldozer blades.

Last week, he directed his economic team to devise plans to impose reciprocal tariffs that match the tariff rates of every country product-by-product.

He’s so eager to start a trade war, but is apparently still terrified of upsetting Wall Street.

 

[MajorRewrite]

The delinquency rate on credit card debt is well below the rate throughout the 1990s and 2000s.

 

[LLCox]

 

[Noitall]

Leading economist NoItAll said this​

Now minor people like Trump n Warren are in lockstep

https://www.marketwatch.com/story/w...0-4dba-ad04-12f2d16d5025&mod=djem_mwnbulletin

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By Mark Hulbert​

Why both Donald Trump and Elizabeth Warren may be right about interest rates​

Recent research suggests that interest rates are higher than they should be​

 

[MajorRewrite]

View attachment 2497810

Memes: for when you have nothing factual to contribute to a discussion.

 

[LLCox]

Memes: for when you have nothing factual to contribute to a discussion.

YOU are the only one that knows anything according to you so fuck you,son.

 

[MajorRewrite]

The number of new homes under construction has dropped from its recent peak, but is higher than in the 1980s, 1990s, 2000s or 2010s.

 

[Noitall]

Memes: for when you have nothing factual to contribute to a discussion.

Major DimWit the Karen of the thread

 

[MajorRewrite]

YOU are the only one that knows anything according to you so fuck you,son.

I just share official government data. If you can prove the Biden and Trump administrations both lied, then I’d love to see the proof.

Otherwise “fuck you, son.”

 

[Noitall]

According to Statista, in the United States, imports and exports of goods and services represent 25% of GDP.

[n China, it's 37%.

In Canada, it's 67%.

In Mexico, it's 73%

.Who's got the most leverage in the trade war?

 

[Noitall]

I just share official government data. If you can prove the Biden and Trump administrations both lied, then I’d love to see the proof.

Otherwise “fuck you, son.”

but you never ONCE posted the downward revisions of the GimpCunt numbers

why is that, Son?

 

[Noitall]

but you never ONCE posted the downward revisions of the GimpCunt numbers

why is that, Son?

why is that, Son?

 

[Noitall]

why is that, Son?

View attachment 2497896

 

[MajorRewrite]

but you never ONCE posted the downward revisions of the GimpCunt numbers

why is that, Son?

The revisions were actually included in the data I shared. Revisions that were upward and downward.

Leading economist NoItAll said this​

Now minor people like Trump n Warren are in lockstep

https://www.marketwatch.com/story/w...0-4dba-ad04-12f2d16d5025&mod=djem_mwnbulletin

​

​

By Mark Hulbert​

Why both Donald Trump and Elizabeth Warren may be right about interest rates​

Recent research suggests that interest rates are higher than they should be​

Are Trump and Warren economists? No. That’s why politicians don’t control Federal Reserve policy.

 

[Noitall]

The revisions were actually included in the data I shared. Revisions that were upward and downward.



Are Trump and Warren economists? No. That’s why politicians don’t control Federal Reserve policy.

Powell isnt an economist

 

[MajorRewrite]

Powell isnt an economist

He’s smart enough to follow the advice of the Fed’s many economists.

Have you found anyone other than you who thinks lowering the Federal Reserve rate would lower inflation?

 

[Noitall]

I have a PhD in economics and consult for many Fortune 500 and even The Fed (in the past)

When rates were near zero inflation was near zero

and read

YOU BIG DUMMY

https://www.intereconomics.eu/conte...n-low-interest-rates-cause-low-inflation.html

 

[LLCox]

I just share official government data

And there is your problem, son

 

[MajorRewrite]

I have a PhD in economics and consult for many Fortune 500 and even The Fed (in the past)

When rates were near zero inflation was near zero

and read

YOU BIG DUMMY

https://www.intereconomics.eu/conte...n-low-interest-rates-cause-low-inflation.html

Noitall/moOHmo is literally mentally disabled, but pretends to have a PhD.

That is the funniest thing you’ve written yet, mental gimp. Just awesome. Your stupidity is always good for a laugh.

And the paper you linked makes the opposite argument that you apparently think it does:

This paper argues that it is not the low central bank policy rate which causes low inflation but rather the low equilibrium real interest rate.