Trump Threatens Canada ‘Ruination’ on Autos Amid Nafta Talks

Can't present the evidence yourself? Please stop--my sides are aching from laughing.

 

Wrong. They lent the money because they could get away with flogging the IOUs as commercial paper.

 

It was far worse in Bush's first term. The question is why they did it.

The question ... why would they make loans to people with no job, no income, and no equity?

Still no answer.

Correct, except the rating agencies were part of fraud. It allowed the securities to be represented to naïve investors as AAA commercial paper.

The 90% figure wasn't going to last as housing prices collapsed.

Why lend to losers? Because they were alowed to palm off the garbage paper.

 

A self acclaimed economist who has not read Reynolds ?? That is too funny.

 

Here's my reading list which will answer your ill informed questions:


Here is a Reading list for you - The top 8 are in my unofficial order of importance:



Engineering the Financial Crisis - Friedman & Kraus - 2011

Fannie Mae & Freddie Mac - McDonald - 2012

Senseless Panic - William Isaac - 2010

Bad History, Worse Policy - Peter Wallison - 2013

“Government Housing Policies in the Lead-up to the Financial Crisis: A Forensic Study” - Pinto
http://www.aei.org/wp-content/uploa...-to-the-Financial-Crisis-Word-2003-2.5.11.pdf


What Caused the Financial Crisis - Edited by Friedman - 2011

Reckless Endangerment - Morgenson - 2011

Bull by the Horns - Sheila Bair - 2012

Lehman Brothers - A Crisis of Value - McDonald - 2015

Back to Work - Bill Clinton - 2011

All the Devils are Here - McLean - 2010

The Housing Boom and Bust - Dr. Thomas Sowell - 2009

Getting Off Track - Taylor - 2009

Bail Out Nation - Ritholtz - 2009

The Great American Bank Robbery - Sperry - 2011

Shakedown - Malanga - 2010

A Capitalism for the People - Zingales -

Debacle - Norquist - 2012

America's Ticking Bankruptcy Bomb - Ferrara - 2011

 

Can't do anything other than name-drop?

 

And yet you never share the wisdom you gained from reading the references. Oh, my...

 

What's wrong with

More WebMD medicine but economics?

So many uploads.
So many personal attacks, writing a reference off as trivial and barely evidence of scholarship - if any.

One can only wonder, why.


Moi

​

 

You don't bother to read my posts with Federa Reserve graphs and references on the economy. The Dumbo you're defending has one-line responses saying they're fake news.

 

And yet you never do your suggested homework. As a skilled economist and dedicated academic it is surprising that you would not be grateful for these references.

 

I have read the books and learned from them. And now I am sharing those references. Those with initiative and curiosity would be thankful for the opportunity to expand their knowledge base.

 

The Fed graphs are meaningless with regard to the state and trajectory of the Trump supply side economy.

 

you seem awfully reluctant to share that knowledge you have obviously worked so hard to acquire. Where's the meat?

 

I’m sharing the source of my knowledge. What could be more valuable than that Grasshopper ??

 

Alas, Trudeau has apparently decided to bow to Trump within 48 hours.
He has rejected our advice that he "stand firm".

https://www.yahoo.com/news/mexico-says-us-canada-could-reach-nafta-deal-012127951.html

I am as disappointed in him as I am sure you are.

 

Keys to the car?

 

That's "impossible". "Experts" say.

"These documents frame the economic debate between Trump and his detractors. "The (Trump) economic forecast ... is the most absurd I've ever seen," Harvard economist Jason Furman, chairman of President Obama's CEA, told Vox's Dylan Matthews. Trump's economists estimate the economy will grow 3% annually for the next decade; Furman and others say about 2%t. The difference is huge."
INVESTORS BUSINESS DAILY, Trump Economy: Is 3% GDP Growth Realistic?,
BY ROBERT J. SAMUELSON 2/25/2018.
https://www.investors.com/politics/columnists/trump-economy-3-percent-growth-forecast-realistic/

 

Oh, please. Who are you kidding?

 

We can make the economy grow faster, but it means training our workers, increasing investment, fixing our infrastructure, and so on. Trump and the Republicans aren't walking the talk.

 

.CANADIAN CITIZEN MODE ON
I am disappointed. No doubt on that score
.CANADIAN CITIZEN MODE OFF

 

Yes I do read your uploads complete with Federal Reserve Graphs.
But, similar to my HOA, I wish an independent audit of the Federal Reserve (graphs).
I would not accept them as gospel anymore than I believed Vietnam was about Communist containment in 1964! Maybe '63 but I'm not sure. as my gov't advertised. I got my independent audit of Vietnam after so much blood, bone and lives fooled or drafted. But, that was the audit of history. I want the Federal Reserve audited by Wharton School of Business and maybe a more proletariat School of Business to counter balance. 2 independent audits.


PLEASE NOTICE: Although I diss @LangleyMan references, I express why.
Not merely a diss.
And I hope it was a minimally scholarly diss. Not just a write off. THANK YOU.




Moi 30 years to the finish line. 100 year plan
"What Me Worry".
It's the youngsters who are gonna get screwed more and more and I got none.

Beware The Cat.
They can pass as normal cats.​

 

Sad when a self described economist with a thirst for knowledge is exposed.

 

I have no issue with the graphs but the interpretation by LM is absurd as I’ve pointed out.

 

It's not like it's rocket surgery.
This looks like this:


Because this looks like this:

 

Read Reynolds book and you will understand why this analysis is bogus.

What is the average residence time that an individual/household spends in the lower quintiles ??

BTW you don’t appear to understand the difference between income and wealth.