without explicitly saying Trump is good for economy or SJWs would have demanded him fired ๐๐๐ โI think that [strong spending] has to do with the inspiration for many people provided by our motivational speaker president who models luxurious living,โ said Shiller. This is so non-sensical it has to be him walking that thin line between praising Trump and enraging the leftists. https://www.cnbc.com/2019/10/20/shiller-recession-likely-years-away-due-to-bullish-trump-effect.html
Because Trumpโs gaudy lifestyle fools morons into spending more? ๐ yea I guess thatโs a plus for the economy.
He was trying to say Trump is good for consumer confidence. If he said so though liberals would be enraged. So he used an obviously wrong explanation counting on the facts that liberals canโt read between the lines and you just proved he was right ๐คฃ
Would it be the conservatives who would go out and spend more...?
The US is literally considering trying modern monetary theory and pushing interest rates to 0 to keep employment at full capacity and economy from crashing. Could be the biggest economic experiment in recent centuries that could either actually work or blow up spectacularly. Tldr, argument is that the US can always borrow more money and never go bankrupt because it can print money to pay back debtors. How this impacts inflation is not proven. Theory is that inflation will be controlled through pushing aggregate supply outwards given capital injection to fuel innovation that drives up production efficiencies, and if that fails, govt can increase taxes to tame inflation. And if other countries b*tch about it, the almighty us military will be around to tell people to quiet down. Yeah, I'm not so sure how this one is going to go.
higher highs = lower lows
I doubt Shiller cares anything about praising Trump or enraging leftists.
You seriously think people buy more stuff to copy Trumpโs lifestyle? You think an economist would believe in that explanation? ๐คฆโโ๏ธ
Have you heard of Shiller? He would absolutely not say that if he didn't believe it. Look him up, he's a fascinating guy.
That article is ridiculous. Come on. Spectacular reach for a legitimate reason for a Trumper like Shiller to try and convince the ignorant masses to keep spending. Smart ppl are preparing for a recession by reigning in spending. I know I am by paying off all debt. Way too many indicators going in the wrong direction.
Trump is horrible for the USAโs long term economy
Heโs also just awful for the US. No more of this corrupt clown show. Economic factors aside. We need a better leader with a decent administration who arenโt working day and night to end democracy.
Short term? YES Long term? HELL NOOOOOOOOOOOOOOO
Humans only think about the short term so thatโs all that matters
No one can predict long term in economy