We’re in a full blown trade war

[Thomas]

8 minutes ago, Akkula said:

So what are we just the abusive spouse country now?  Kicking the dog because we can so he can remember who is boss?

Screwing with Canada and Mexico was really dumb if we wanted to take on the EU and/or China.  Canada and the EU would probably be delighted to work more closely together and exclude the USA if necessary.

Canada has even talked about alignment or joining EU, but it's gone nowhere.

They are quite simply totally dependent trade-wise on the US, and the feeling isn't mutual.

They'll drop their anti-NAFTA tariffs and deal with the damn Quebec Farmers' Mafia, or pay a heavy price and end up caving anyway.

Trudope is a fool.

 

[mugtang]

23 minutes ago, TheBigAwesome said:

That worthless piece of shit is already done. The premature retirement of a right-wing Supreme Court Justice tells you that the Republican Party has conceded that the fat, stupid prick will not have a second term and it did what it needed to do to hold on to a seat on the SCOTUS rather than risk having that judge retire in the (likely) next 8 years when the Democratic Party will have control of the decision.

 

Your post has been edited because the last thing I need or want is the secret service poking their heads around here.  

I hid all the posts in reference to that discussion as I’m not taking the legal risk for that discussion.  Reign it it. 

[halfmanhalfbronco]

6 minutes ago, TheBigAwesome said:

Disagree.

Fück that peace of shit.

Blues is spot on with the moniker of emotional cripples.  Perfect example above. 

Oh and piece*

[TheBigAwesome]

2 minutes ago, mugtang said:

Your post has been edited because the last thing I need or want is the secret service poking their heads around here.  

LOL.

[Thomas]

1 minute ago, TheBigAwesome said:

LOL.

You really just don't get it.

It is anything but "funny".

They take all of that sh!t seriously.

[TheBigAwesome]

8 minutes ago, Thomas said:

You really just don't get it.

It is anything but "funny".

They take all of that sh!t seriously.

You don't get it.

I never said it was funny. I never said it was a joke.

The "LOL" you quoted was a reaction to the CENSORSHIP, not the original statement.

[soupslam1]

42 minutes ago, SJSUMFA2013 said:

Ever since Jodie Foster came out as a lesbian, the air has really been taken out of that balloon...

Not very smart to make those comments. 

[Thomas]

12 minutes ago, TheBigAwesome said:

You don't get it.

I never said it was funny. I never said it was a joke.

The "LOL" you quoted was a reaction to the CENSORSHIP, not the original statement.

Even worse.

I'd quit, before you get even further behind.

 

Do us all a favor and don't hang Mug's ass out in a sling over your own issues.

[bluerules009]

5 hours ago, happycamper said:

Yeah, that crisis was more or less responsible for the 1999 crash...

No the 1999 crash was caused by a bubble in the tech sector.  Asia had been suffering since 91 it had nothing to do with that crash.

[happycamper]

1 hour ago, bluerules009 said:

No the 1999 crash was caused by a bubble in the tech sector.  Asia had been suffering since 91 it had nothing to do with that crash.

?? the East Asia financial crisis started in '97 and it was Japan's double dip in late '99/early 00 that got the ball rolling...

[bornontheblue]

2 hours ago, bluerules009 said:

No the 1999 crash was caused by a bubble in the tech sector.  Asia had been suffering since 91 it had nothing to do with that crash.

There was no crash in the U.S in 1999. 

By 2000 The US economy was facing headwinds from the Asian Financial Crisis, and the tech stocks being way overvalued. 9/11 exacerbated the problem and there was mild recession in 2001. 

 

[bluerules009]

13 minutes ago, happycamper said:

?? the East Asia financial crisis started in '97 and it was Japan's double dip in late '99/early 00 that got the ball rolling...

Sorry son, the 97 crisis and the continuing Japanese economic problems to this day all originate in the late 80's and early 90's

They have tried over 16 increases in government spending over the last 30 years trying to recover their economy, all have failed just like they always do.

https://www.thebalance.com/japan-s-lost-decade-brief-history-and-lessons-1979056

https://en.wikipedia.org/wiki/Economic_history_of_Japan

Deflation in Japan started in the early 1990s. On 19 March 2001, the Bank of Japan and the Japanese government tried to eliminate deflation in the economy by reducing interest rates (part of their 'quantitative easing' policy). Despite having interest rates near zero for a long period, this strategy did not succeed.^[18] Once the near-zero interest rates failed to stop deflation, some economists, such as Paul Krugman, and some Japanese politicians spoke of deliberately causing (or at least creating the fear of) inflation.^[19] In July 2006, the zero-rate policy was ended. In 2008, the Japanese Central Bank still had the lowest interest rates in the developed world and deflation continued.^[20]

Systemic reasons for deflation in Japan can be said to include:

• Fallen asset prices. There was a large price bubble in both equities and real estate in Japan in the 1980s (peaking in late 1989).
• Insolvent companies: Banks lent to companies and individuals that invested in real estate. When real estate values dropped, many loans went unpaid. The banks could try to collect on the collateral (land), but due to reduced real estate values, this would not pay off the loan. Banks have delayed the decision to collect on the collateral, hoping asset prices would improve. These delays were allowed by national banking regulators. Some banks make even more loans to these companies that are used to service the debt they already have. This continuing process is known as maintaining an "unrealized loss", and until the assets are completely revalued and/or sold off (and the loss realized), it will continue to be a deflationary force in the economy.
• Insolvent banks: Banks with a large percentage of their loans which are "non-performing" (loans for which payments are not being made), but have not yet written them off. These banks cannot lend more money until they increase their cash reserves to cover the bad loans. Thus the number of loans is reduced sooner and less funds are available for economic growth.
• Fear of insolvent banks: Japanese people are afraid that banks will collapse so they prefer to buy gold or (United States or Japanese) Treasury bonds instead of saving their money in a bank account. People also save by investing in real estate.

The Economist has suggested that improvements to bankruptcy law, land transfer law, and tax law will aid Japan's economy. In October 2009 the Japanese government announced plans to increase tobacco and green taxes while reducing rates for small and medium-sized companies, according to NHK.

In 2011 Japan under Yoshihiko Noda decided to consider joining the Trans-Pacific Strategic Economic Partnership.

The global economic recession of the late 2000s significantly harmed the economy of Japan. The nation suffered a 0.7% loss in real GDP in 2008 followed by a severe 5.2% loss in 2009. In contrast, the data for world real GDP growth was a 3.1% hike in 2008 followed by a 0.7% loss in 2009.^[21]

[SleepingGiantFan]

19 hours ago, soupslam1 said:

Look at our trade deficits. 

I would have agreed with you not all that many months ago. However, having since read most economists to say that having trade deficits is highly misunderstood as meaning an economy is not doing well, I agree with happycamper.

Actually, reading what economists say is one reason. The other is Trump is an uneducated blithering idiot so it has to be presumed that anything he fully supports is a bad idea.

[happycamper]

15 minutes ago, bluerules009 said:

Sorry son, the 97 crisis and the continuing Japanese economic problems to this day all originate in the late 80's and early 90's

They have tried over 16 increases in government spending over the last 30 years trying to recover their economy, all have failed just like they always do.

https://www.thebalance.com/japan-s-lost-decade-brief-history-and-lessons-1979056

https://en.wikipedia.org/wiki/Economic_history_of_Japan

Deflation in Japan started in the early 1990s. On 19 March 2001, the Bank of Japan and the Japanese government tried to eliminate deflation in the economy by reducing interest rates (part of their 'quantitative easing' policy). Despite having interest rates near zero for a long period, this strategy did not succeed.^[18] Once the near-zero interest rates failed to stop deflation, some economists, such as Paul Krugman, and some Japanese politicians spoke of deliberately causing (or at least creating the fear of) inflation.^[19] In July 2006, the zero-rate policy was ended. In 2008, the Japanese Central Bank still had the lowest interest rates in the developed world and deflation continued.^[20]

Systemic reasons for deflation in Japan can be said to include:

• Fallen asset prices. There was a large price bubble in both equities and real estate in Japan in the 1980s (peaking in late 1989).
• Insolvent companies: Banks lent to companies and individuals that invested in real estate. When real estate values dropped, many loans went unpaid. The banks could try to collect on the collateral (land), but due to reduced real estate values, this would not pay off the loan. Banks have delayed the decision to collect on the collateral, hoping asset prices would improve. These delays were allowed by national banking regulators. Some banks make even more loans to these companies that are used to service the debt they already have. This continuing process is known as maintaining an "unrealized loss", and until the assets are completely revalued and/or sold off (and the loss realized), it will continue to be a deflationary force in the economy.
• Insolvent banks: Banks with a large percentage of their loans which are "non-performing" (loans for which payments are not being made), but have not yet written them off. These banks cannot lend more money until they increase their cash reserves to cover the bad loans. Thus the number of loans is reduced sooner and less funds are available for economic growth.
• Fear of insolvent banks: Japanese people are afraid that banks will collapse so they prefer to buy gold or (United States or Japanese) Treasury bonds instead of saving their money in a bank account. People also save by investing in real estate.

The Economist has suggested that improvements to bankruptcy law, land transfer law, and tax law will aid Japan's economy. In October 2009 the Japanese government announced plans to increase tobacco and green taxes while reducing rates for small and medium-sized companies, according to NHK.

In 2011 Japan under Yoshihiko Noda decided to consider joining the Trans-Pacific Strategic Economic Partnership.

The global economic recession of the late 2000s significantly harmed the economy of Japan. The nation suffered a 0.7% loss in real GDP in 2008 followed by a severe 5.2% loss in 2009. In contrast, the data for world real GDP growth was a 3.1% hike in 2008 followed by a 0.7% loss in 2009.^[21]

Inverted demographic pyramid is the cause of pretty much all of this isn't it?

[HR_Poke]

5 hours ago, mugtang said:

Your post has been edited because the last thing I need or want is the secret service poking their heads around here.  

I hid all the posts in reference to that discussion as I’m not taking the legal risk for that discussion.  Reign it it. 

Take it to the best buy parking lot!

[Extra Mayo]

Ask Jeves(SP?)

[bluerules009]

56 minutes ago, happycamper said:

Inverted demographic pyramid is the cause of pretty much all of this isn't it?

Several problems of which that and no immigration at all combine to have a very few supporting very many.

They continue to do the same thing over and over which is to try to spend their way out of recession which always has the same outcome.  A very short term limited gain followed by long term pain as the spending is always accompanied by borrowing so a year down the road you are worse off than you were at the bottom of the original recession.

Our 2009 recession is a grand canyon style example of the same problem.  Taking on over 4 trillion in debt didn't do much for the economy, although you could argue it softened the landing.  Yet no one can argue that our country is not long term worse off because of that spending.

[bornontheblue]

3 hours ago, SleepingGiantsFan said:

I would have agreed with you not all that many months ago. However, having since read most economists to say that having trade deficits is highly misunderstood as meaning an economy is not doing well, I agree with happycamper.

Actually, reading what economists say is one reason. The other is Trump is an uneducated blithering idiot so it has to be presumed that anything he fully supports is a bad idea.

You know that president Trump has his masters degree from the Wharton school of business at the University of Pensylvania. They are one of the most prestigious business schools in the world. They don’t just hand out degrees to anyone who is willing to pay tuition. Calling president Trump uneducated, makes you look like a an uneducated fool.  

[DestinFlPackfan]

16 minutes ago, bornontheblue said:

You know that president Trump has his masters degree from the Wharton school of business at the University of Pensylvania. They are one of the most prestigious business schools in the world. They don’t just hand out degrees to anyone who is willing to pay tuition. Calling president Trump uneducated, makes you look like a an uneducated fool.  

I know plenty of educated people who are total fools.

[Akkula]

4 hours ago, bluerules009 said:

Sorry son, the 97 crisis and the continuing Japanese economic problems to this day all originate in the late 80's and early 90's

They have tried over 16 increases in government spending over the last 30 years trying to recover their economy, all have failed just like they always do.

https://www.thebalance.com/japan-s-lost-decade-brief-history-and-lessons-1979056

https://en.wikipedia.org/wiki/Economic_history_of_Japan

 

Japan's problem is they hate immigrants and sex so they are spending all that stimulus on Depends for old people.