Supply-Side Economics

[whell]

Originally Posted by finnbow

"U.S. wage and price inflation are rising briskly, putting intense downward pressure on financial markets," Edwards said in the note, adding that "the post-mortem will identify President Trump's ludicrously timed fiscal stimulus as a key trigger for the collapse."

https://www.cnbc.com/2018/02/15/expe...d-unsound.html

There's no universal agreement on that. Here's a more balanced view.

https://www.npr.org/2018/02/19/58702...l-of-inflation

To paraphrase Ms. Green: Inflation will likely move higher in the next couple of months, but then level off and likely stay below the Fed's target inflation numbers.

[finnbow]

Originally Posted by whell

There's no universal agreement on that. Here's a more balanced view.

https://www.npr.org/2018/02/19/58702...l-of-inflation

To paraphrase Ms. Green: Inflation will likely move higher in the next couple of months, but then level off and likely stay below the Fed's target inflation numbers.

Your two-sentence retort to the broadly-supported conclusion that the tax package was unneeded and undesirable stimulus at the wrong time in the economic cycle starts with "The whiff of inflation sent the stock market tumbling recently." Very weak tea.

[whell]

Originally Posted by finnbow

Your two-sentence retort to the broadly-supported conclusion that the tax package was unneeded and undesirable stimulus at the wrong time in the economic cycle starts with "The whiff of inflation sent the stock market tumbling recently." Very weak tea.

Its weak only if you listen to the first 10 seconds of the 3:45 minutes, which seems to be part of your M.O. No wonder you only seem to understand little snippets of larger issues and topics. And I even presented the clip as a "balanced perspective". What a tool you are!

[Chicks]

Poll: Few voters report seeing bigger paychecks after tax changes

Oops.

https://www.politico.com/story/2018/...aw-poll-417884

[whell]

Originally Posted by Chicks

Poll: Few voters report seeing bigger paychecks after tax changes

Oops.

https://www.politico.com/story/2018/...aw-poll-417884

Probably the same polling outfit that predicted Clinton would win the 2016 presidential election.

[Chicks]

Originally Posted by whell

Probably the same polling outfit that predicted Clinton would win the 2016 presidential election.

You mean the one where she actually won the popular vote in a landslide?

[whell]

Originally Posted by Chicks

You mean the one where she actually won the popular vote in a landslide?

A 2.8 million vote difference out of nearly 129 million votes cast is considered a "landslide"? Wow, who knew?

[finnbow]

Originally Posted by whell

A 2.8 million vote difference out of nearly 129 million votes cast is considered a "landslide"? Wow, who knew?

It is every bit as much a landslide as Trump's electoral vote victory (neither are). But your Dear Dotard can't shut up about the magnitude of his electoral landslide (that wasn't).

[Chicks]

Originally Posted by whell

A 2.8 million vote difference out of nearly 129 million votes cast is considered a "landslide"? Wow, who knew?

It’s called irony. Using hyperbole in a claim almost as ridiculous as your hero Trump’s. You clearly missed it.

[whell]

Originally Posted by Chicks

Poll: Few voters report seeing bigger paychecks after tax changes

Oops.

https://www.politico.com/story/2018/...aw-poll-417884

And if we're being really honest here - and don't worry, I'd never accuse you or Politico of being honest - most Americans are paid bi-weekly or semi monthly. The poll that Politico references: The POLITICO/Morning Consult poll was conducted February 15-19, surveying 1,989 registered voters.


Since the revised tax tables didn't take effect until Feb 1, folks paid weekly and folks paid semi-monthly current would likely be the only folks who would have received a paycheck taxed using the new tax tables during the time the survey was conducted. The survey would likely not have included folks who were paid under semi-monthly in arrears, biweekly in arrears, and monthly payroll schedules. That's a pretty damn big swath of folks who would not yet have received a paycheck yet under the new tax tables. The survey results can't help but be skewed as a result.

I'm included in that group, by the way, that hasn't received a paycheck yet that would have been taxed under the new tax tables. I won't receive my first check under the new tables until Friday. I'll be able to see it electronically tomorrow. I'll let you know if the change is noticeable or not.