Trump's Dumb Economics - Page 25 - Politics Forum.org | PoFo

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#14952957
Zagadka wrote:The sea level could raise a meter in a day and they would still not believe in the human impact on the environment (or alternatively, are so short sighted and ignorant that they balance their income against a sustainable environment).


Agreed. It's mind blowing how many monster storms your enduring (and the overwhelming number of forest fires we've endured) to not seek to find a reason. In both cases, the expense of clean-up or containment plus the loss we share might be a motivator to make changes, but no. Trump should ask himself "how many Katrinas or Puerto Ricos are too many?"
User avatar
By Godstud
#14952961
Trump economics helping all over.

Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump's Trade Tariffs, Report Says
Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly.
http://fortune.com/2018/10/09/ford-stoc ... e-tariffs/
User avatar
By Ter
#14952970
Zagadka wrote:The sea level could raise a meter in a day

Only the super rich have seaside property, so fuck them.
If the oceans rise, there will be more water, and therefore also more fish.
Hmmm.
User avatar
By Godstud
#14952998
Ter wrote:If the oceans rise, there will be more water, and therefore also more fish.
Ummm... yeah... that's not how it works.

Many more poor people live in areas that rising water levels will threaten, as well. The most people who got hurt during Hurricane Katrina flooding, were the middle and lower class. The rich just move to their chalet in the Alps.
User avatar
By Ter
#14953002
Godstud wrote:The most people who got hurt during Hurricane Katrina flooding, were the middle and lower class.


Fuck them also.
I am in a bad mood. Sivad-like.
Godstud wrote:Ummm... yeah... that's not how it works.

you don't know anything.
more water, more fish.
Less people
Win-win.
User avatar
By Godstud
#14953004
That's if we don't kill all the fish before the water levels get that high...

Also, more water does not equal more fish, because science. :D

@Ter I hour your tantrum passes soon. Have a good breakfast. It can't hurt.
#14953013
jimjam wrote:At Trump’s Castle casino, where an $18.4 million bond payment was due in December 1990. Fred Trump dispatched a trusted bookkeeper to Atlantic City with checks to buy $3.5 million in casino chips without placing a bet. With this ruse — an illegal loan under New Jersey gaming laws, resulting in a $65,000 civil penalty — Donald Trump narrowly avoided defaulting on his bonds.

What a sweetheart. Don't you wish you had a father like that?

jimjam wrote:Fred Trump spent $15.5 million to buy a 7.5 percent stake in Trump Palace, his son’s condo tower rising on the Upper East Side of Manhattan. Four years later, tax returns and financial statements show, Fred Trump sold that stake for just $10,000. The buyer, other documents indicate, was his son.

A truly loving father.

jimjam wrote:Here's the man who gave us Donald. I can tell just by lookin at him that he would never tell a lie. Looks like they're giving each other awards :lol: .

Perhaps Donald is giving his father a "father of the year" award.

jimjam wrote:Donald's destruction to the American economy will, in the long run, be the most damaging aspect of his "legacy". His short term strategy has been rather obvious. Flood the economy with borrowed cash. Trade long term stability/growth for a short term high. Not unlike a drug addict, this will feel good for awhile and present the illusion of success for Donald. Very similar to his economic strategies in his private life. Not unlike his private ventures and the addict's high the party WILL end, guaranteed.

Of course it will. We always have recessions about every 8-10 years. We're due for one now, and the Fed is raising rates to ensure it happens soon.

jimjam wrote:Don't forget a trade war with our allies and a unnecessary military hardware buildup.

China is not an ally. As for the military, if you haven't noticed, we've been fighting wars pretty much non-stop since 2001. With 18 years of non-stop war, it does make sense to invest in the military.

jimjam wrote:Businessmen prefer stability and predictableness ……. hardly Trump characteristics.

Bankers do. Traders don't. Instability is how options traders make money.

jimjam wrote:If they sense a lack of stability and predictableness it is on to plan B …… something like gold bars.

Or writing options.

Stormsmith wrote:I feel the most damaging aspect will be his utter lack of concern for the environment which will have world wide impact. Air knows no borders.

All the more reason to stop buying products from China--the largest industrial polluter on the planet.

jimjam wrote:Yes, I agree and stand corrected. His effort to lower or remove protections to the environment so that big corporations' profits increase at the expense of Mother Nature will leave a devastated planet for our children and grandchildren to deal with.

You and Stormsmith should go and swim the backstroke in the Yangtze River in the environmental paradise of our "ally," China.

Zagadka wrote:The sea level could raise a meter in a day and they would still not believe in the human impact on the environment (or alternatively, are so short sighted and ignorant that they balance their income against a sustainable environment).

We don't have to worry about sea level rising. Barack Obama put a stop to that just by becoming president, just like he won the Nobel Peace Prize, because he hadn't started the wars in Libya, Syria, and Ukraine yet.

MistyTiger wrote:Wow, the stock market is trending down.

From cnbc:

Dow tumbles over 500 points, bringing 2-day losses to more than 1,300 points

Investors fled riskier assets like stocks and loaded up on traditional safe havens like bonds and gold.The Dow fell as much as 698.97 points at its lows of the day, after dropping 831 points on Wednesday."It's a momentum correction, not a portfolio correction," says Joe Terranova, chief market strategist at Virtus Investment Partners. "While we have a bias to believe 2008 could happen again, I don't think this is the case."

He is bad for the stock market.

You're too late by a week. I already told you I sold out, because rates are rising and the media is going to spook the markets with the prospect that the Democrats might win. It will go up after the elections if the Democrats lose. Although, if the Fed continues raising rates, it could put a damper on any rallies.

Stormsmith wrote:Agreed. It's mind blowing how many monster storms your enduring (and the overwhelming number of forest fires we've endured) to not seek to find a reason.

Fire season and hurricane season come to mind.

Trump is right: the Fed is deliberately popping his beautiful stock bubble
The two great central banks of the Western world - the US Federal Reserve and the European Central Bank - are both dialing down stimulus rapidly even though the world economy is slowing.

Say hello to more right wing governments in Europe... It's going to hurt them a lot more than it is going to hurt us.
User avatar
By Ter
#14953014
B0ycey wrote:?

Does reproduction have no factor in the oceans? :lol:


@B0ycey another ignorant one.
Fish do not copulate with physical contact.
The males ejaculate in the sea water freely and the females eject the eggs.
Which makes for a turbulent sea environment.
So the more water, the more all those sperm and eggs get diluted, the clearer the water gets.
Another win.
Am I making myself clear now or do I have to make a drawing ?
#14953015
Ter, the Earth is 2/3rds water. Sea level risings in real terms is not a large increase in percentage in liquid water. Coupled with the toxicity of carbon in the water and sea temperature rising and a change in the sea environment and you will find that it is more water equals less fish. Do I need to draw you a diagram? :lol:
#14953017
B0ycey wrote:Coupled with the toxicity of carbon in the water and sea temperature rising and a change in the sea environment and you will find that it is more water equals less fish.

Carbonic acid isn't toxic. It just binds to calcium to create calcium carbonate, or lime, or "coral" as it is often expressed in the oceans. We drink carbonated drinks all the time.
#14953019
blackjack21 wrote:Carbonic acid isn't toxic. It just binds to calcium to create calcium carbonate, or lime, or "coral" as it is often expressed in the oceans. We drink carbonated drinks all the time.


Toxic doesn't mean poison and I said toxicity of carbon in the water. It changes the PH levels. :roll:

What is it with Climate deniers and the falsehoods they will believe over actual stats. More water equals more fish is a new one to me but it just proves the stupidity people will actually believe so they can feel safe driving around with their SUVs.
#14953020
B0ycey wrote:What is it with Climate deniers and the falsehoods they will believe over actual stats.

Maybe they get confused, because they are forced to take physics class. They learn about the laws of thermodynamic. Then, the government puts out graphics like this:

Image
Image

Either these graphics are wrong, or the Second Law of Thermodynamics is wrong. Which is it? You see, stupid people like me are smart enough to know that both these graphics and the Second Law of Thermodynamics cannot both be true, because they directly contradict each other. So what do you think? Is the Second Law of Thermodynamic bullshit? Or are the so-called "climate scientists" engaged in a bit of hyperbolic propaganda?
By B0ycey
#14953022
Neither are bullshit. Perhaps tell me which propaganda you believe that confuses you with these diagrams and thermodynamics being a contraction and then I might be able to help you out later after work.
User avatar
By Ter
#14953028
@B0ycey
I was trolling of course.
That you took me seriously with the increased number of fish is strange.
I hope other posters know me enough to know I was not serious.
#14953031
Ter wrote:@B0ycey
I was trolling of course.
That you took me seriously with the increased number of fish is strange.
I hope other posters know me enough to know I was not serious.

You seemed serious enough. But you said you were pissed off. So perhaps you were taking the piss.

I was going to say, Bangladesh is one of those places where poor people are to be flooded out by an ocean rise.
By B0ycey
#14953034
Ter wrote:@B0ycey
I was trolling of course.
That you took me seriously with the increased number of fish is strange.
I hope other posters know me enough to know I was not serious.


:lol: :lol: :lol: :lol: :lol:

What a cop out!!

Perhaps others should say the same when they realise they are chitting shit.

Nonetheless you admit your position is faulty regardless of whether you were serious or not. And that is all I really care about.
#14953132
The Trump tax cuts are not being reinvested in building the real economy. Instead, they have fueled the largest levels of corporate stock buy backs ever, and a growing federal debt. This can only go one for so long. The fast money is ready to cut and run.

The president's policies are the main reason why bond yields have gone higher.
1) breaking down the global supply chain causes inflation to go higher.
2) limiting immigration at a time when the jobless rate is low and the supply of available workers is down to a 12 year low also raises inflation
3) Easing fiscal policy at a time when the output gap has closed also cause inflation.

The growth in government spending is 30%. Republicans are leading the country in a fiscally irresponsible way to secure their reelection.
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