Biff_Poindexter
Diamond Member
GDP numbers have been better under Biden than Trump but don't let that distract youWe will be lucky to eek-out 2% growth again this quarter.....The new normal under dem "leadership".
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GDP numbers have been better under Biden than Trump but don't let that distract youWe will be lucky to eek-out 2% growth again this quarter.....The new normal under dem "leadership".
For Grifty rubes, turd is like oxygen...I defer to your expertise in this area.
The economy so on fire that the Fed has been trying to choke it out for a year...
Again, I defer to your expertise.
But yeah - Democrats are continuing to burn the country down, including the economy.
Let me just make a blanket deferral; you seem to be pretty kinky...For Grifty rubes, turd is like oxygen...
^ More kink.The economy so on fire that the Fed has been trying to choke it out for a year...
I’ve got a hot tip for you...You don't handle your own investments, do you?
Let me just make a blanket deferral; you seem to be pretty kinky...
^ More kink.
I’ve got a hot tip for you...
Vote Trump in 2024.
You're telling me that people defer food purchases, medical expenses, gas purchases for their car to get to work, purchases of utilities, etc. because the price might go down?Cigarette, or Kleenex?
Deflation isn't the falling of prices as Q increase, it is a SUSTAINED FALL in the general price level. This is the consequence of a drop in aggregate demand.
As prices fall, consumers anticipate further reductions and defer purchases.
That is EXACTLY what a deflationary spiral is.You're telling me that people defer food purchases, medical expenses, gas purchases for their car to get to work, purchases of utilities, etc. because the price might go down?
That's absurd. No one ever stopped eating because food was too cheap. No one shuts off the lights and TV because electricity is too cheap. No one refuses to take a vacation because hotels and plane tickets are too cheap. Real people, not Keynesian cartoons of people, but more stuff when it's cheap, not less. Deflation causes an increase in aggregate demand.That is EXACTLY what a deflationary spiral is.
In a deflationary context, your necessities are relatively cheap.....but you wouldn't buy a house, or a car, which means that there is no price signal for.financial assets....this is where Rational Expectation actually applies.That's absurd. No one ever stopped eating because food was too cheap. No one shuts off the lights and TV because electricity is too cheap. No one refuses to take a vacation because hotels and plane tickets are too cheap. Real people, not Keynesian cartoons of people, but more stuff when it's cheap, not less. Deflation causes an increase in aggregate demand.
There's no rational expectation that prices will keep declining.In a deflationary context, your necessities are relatively cheap.....but you wouldn't buy a house, or a car, which means that there is no price signal for.financial assets....this is where Rational Expectation actually applies.
Deflation doesn't have to be rational, only the response to it.There's no rational expectation that prices will keep declining.