It Ain’t Over, Folks

[Marypoza]

(11-12-2016, 07:41 AM)Galen Wrote:

(11-12-2016, 07:29 AM)Marypoza Wrote:

(11-11-2016, 11:32 PM)disasterzone Wrote:

(11-11-2016, 10:50 PM)Marypoza Wrote: -- maybe, like l said earlier, we'll have to see how this rolls.

Were 1T attitudes common in 1937 or 1938?
If our 4T started in 08, we're in the equivalent of 1937, about to be 1938.

-- l don't go back that far so l couldn't say,  but I believe there was a recession in the middle of the Depression around that time. Economists claim another recession is due to hit in a couple yrs. otoh, the TPP is now DEAD ( boo-yeah!) & the Donald wants to reintroduce  tariffs (which the 1930 Congress enacted in 1930) so that may save jobs & ward off a recession.That may, in turn,  morph into a 1T, to be honest l dunno

I suggest that you review the effects of the Smoot-Hawley tariff.  As bad as TPP is it still seems unwise to be so optimistic.  I would also recommend reviewing the Austrian School of Economics theory of the Business Cycle.  It will give you a better handle on where the US is than the Keynesian or Monetary School of Economics will.

-- ok maybe Smoot Hawley was a little over the top.  What about something less extreme, a moderate tariff?