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Everything posted by placeholder
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Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
What don't you understand about the fact that forecasting is only one small part of economics. I already noted this above. It gets an inordinate amount of attention. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Once again, you claimed that most economists are wrong most of the time. This evidence you offered is about only 1 part of economics. So, no, you've proved nothing. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
I questioned your unverifiable claims about your qualifications. Such claims are worthless. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
87.5% wrong in predicting recessions. Economics is a huge field and it's about a lot more than predicting recessions. For one thing, thanks to people like John Maynard Keyes (who, by the way, was a brilliant investor) we do know how to get out of depressions and recessions. We know how to fight inflation. And that's just a small part of what economists do. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
If that's the case then why did Trump say this "“I immediately deployed the National Guard and federal law enforcement to secure the building and expel the intruders.” https://www.factcheck.org/2021/01/timeline-of-national-guard-deployment-to-capitol/ -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
For one thing, there is a whole field now of behavorial economics which address the concerns raised by the author. Which somehow he manages to neglect. But it is significant that the original sinner cited in the article is Milton Friedman. He was and still is the economic god cited by economists. In fact his work led to the founding of the right wing field of economics called rational markets. And yes, they failed big time. But they are only a small section of the markets. And the article you cited offers no numbers, no percentages of how often economists get it wrong. So if you think that this is justification for your assertion that "economists are wrong most of the time", then it's time for you to acquaint yourself with some very basic math. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Economists are academics not investors. Most people work for wages. Scientists mostly work for wages. Are they wage slaves, too? You seem to believe that the purpose of economics is about picking winners and losers in the markets. It's not. And you keep on touting nonsense like economists are wrong most of the time. This seems to be consistent with your utter indifference to back up your assertions with facts. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Such utter nonsense. There clearly weren't enough Capitol police. . His staff was entreating him to order in the guard The VP called to say they were in danger. Members of the Secret Service were saying goodbye to their loved ones. His VP called in to ask for assistance. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Maybe that kind of silliness wins you plaudits in the circles you move in. Just more empty nonsense. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
So someone hacked into your account and called Trump critics "haters"? -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Was it really that unclear? Yes he said that. Now tell me, what did he do to have the rioters evicted from the Capitol? Did he just watch the mayhem and do nothing? -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Not at al. It is usually the case that 2 quarters of GDP decline indicate a recession. But that's because unemployment typically rises as well. Unemployment is actually the most important factor in indicating a recession. Because it's the one the most affects the lives of citizens. But not only is it very low, but there are actually lots of jobs going begging in the current economy. Employers are complaining that they can't find workers. Now, if you're the kind of right winger who puts profits over people, (and is there really in fact any other kind?) maybe the current situation would correspond to your idea of a recession. But I don't agree. And neither do the experts. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Actually, you've got it 100% wrong. Treason is when a citizen of a country betrays their country. I remember being amused when various parties accused Assange of being a traitor to America. As was pointed out by numerous commentators, you can't be a traitor to a the USA if you're a citizen of Australia. You could look this stuff up: the crime of betraying one's country, especially by attempting to kill the sovereign or overthrow the government. https://www.google.com/search?q=treason&oq=treason&aqs=chrome..69i57.3014j0j7&sourceid=chrome&ie=UTF-8 -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
But these referees specifically reject the notion that 2 declines in GDP mean a recession. Especially when the decline in the 2nd quarter was entirely due to decreased inventory which amounted to 2%. It's not a recession when hiring is still so strong. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Trump said a lot of things. But when the rioters invaded the Capitol he did nothing. To your way of thinking what speaks louder action (or in this case inaction) or words? -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
I just cited the people who actually are responsible for declaring a recession. And you come back at me with this. Maybe you should follow the link. You might learn something. For instance that the Democrats and the Fed have changing nothing about how inflation is decided. As for the inflation reduction act of 2022, it's called that because it will collect more in taxes than it will spend. Which is anti-inflationary. (Maybe you should pass the word along to Liz Truss.) Among other things, it will increase the budget for the IRS which will allow more tax cheats to be prosecuted. The chief of the IRS has said tax evasion costs the US 1 trillion dollars per year. Yet for some reason, Republicans have consistently slashed the IRS' budget. They claim that they want the govt to be run more like a business, but they slash funding to a potentially huge profit center. Wonder why? And there are people who accuse the Democrats of being backed by the swamp? -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
False. Recession Referees Reject Idea That Two GDP Drops Spell a Downturn Informal rule of thumb has no merit to NBER recession group US expansion continuing this year, ex-committee members say https://www.bloomberg.com/news/articles/2022-07-28/official-recession-arbiters-reject-gdp-decline-means-a-slump#xj4y7vzkg And it's especially false when employment has been growing at a healthy pace. Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears https://www.cnbc.com/2022/07/08/jobs-report-june-2022-.html -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
More empty predictions. Oh, and accusation of bribery without producing a shred of evidence to support it. You got some kind of allergy to facts? -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
He also said he wanted the metal detectors turned off at the rally since the people who were attending wouldn't be a threat to him. Hmm...now who would they be a threat to? -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
As pointed out previously apparently to no avail, the DA in Georgia previously went after teachers for promoting cheating on standardized exams. She got lots of convictions. The Democratic leaning teachers' union was none too happy about that. You haven't got a shred of evidence about bribery. Stop making things up. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
I guess when you've got nothing you resort to mass personal attacks on people who criticize Trump. How critics of Trump may feel about him is irrelevant.. What is relevant are the facts. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Another instance of I don't like Trump but... Which latest tax and spend bill are you referring to? And, you're wrong. The U.S. is not in a technical recession. A country can't be in a recession when job growth is still so strong. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Nothing bespeaks cluelessness like invoking predictions as an argument. And it's really bizarre to claim that a President who gave so much to the swamp inhabited by big banks, hedge funds, and giant corporations, has anything to fear from it. -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
If you had investigated just a little instead of reacting reflexively you would know that she pursued criminal cases against teachers for helping students to cheat on standardized exams. Their union is a major supporter of Democrats. She took a lot of political flack for that. https://www.ajc.com/news/key-figure-aps-test-cheating-scandal-plead-guilty/5sF7SLq16ETFwl3q2Uq7eK/ -
Trump Booed at Arizona Rally Over His New Endorsement
placeholder replied to Scott's topic in World News
Apparently, someone else who believes that Trump really won the 2020 election.