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02-03-2018, 10:01 AM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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"We have met the enemy and he is us."
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02-03-2018, 10:22 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
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Quote:
Originally Posted by nailer
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I'd say it is, if you define full employment as the level below which inflation starts to rear its ugly head.
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02-03-2018, 10:54 AM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by finnbow
I'd say it is, if you define full employment as the level below which inflation starts to rear its ugly head.
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Thank you, General Mainstream. The labor force participation rate section of the article is quite interesting. Did you read it?
Another perspective: The Fed's Long-Awaited Wage Inflation Is at Hand. https://www.bloomberg.com/view/artic...ion-is-at-hand
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"We have met the enemy and he is us."
Last edited by nailer; 02-03-2018 at 11:24 AM.
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02-03-2018, 12:10 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,916
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Quote:
Originally Posted by nailer
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From the article:
At this late stage in the economic cycle, it’s difficult to envision a wholesale reacceleration in economic activity. It’s wholly plausible, however, for a spike in inflation to alarm Fed policy makers grappling with the biggest issue of 2018.
It begs the question as to why the GOP would think that $1.5 trillion in additional deficit spending is the right prescription for these economic times.
__________________
As long as the roots are not severed, all will be well in the garden.
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02-03-2018, 12:36 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by finnbow
From the article:
At this late stage in the economic cycle, it’s difficult to envision a wholesale reacceleration in economic activity. It’s wholly plausible, however, for a spike in inflation to alarm Fed policy makers grappling with the biggest issue of 2018.
It begs the question as to why the GOP would think that $1.5 trillion in additional deficit spending is the right prescription for these economic times.
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This would depend on what the GOP's goal is.
__________________
"We have met the enemy and he is us."
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02-03-2018, 12:38 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,916
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Quote:
Originally Posted by nailer
This would depend on what the GOP's goal is.
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Their goal is clear to me - large tax cuts for the rich and corporations in an effort to stimulate a short term sugar high that they hope will last through November, without regard to inflation or deficits.
__________________
As long as the roots are not severed, all will be well in the garden.
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02-03-2018, 12:47 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by finnbow
Their goal is clear to me - large tax cuts for the rich and corporations in an effort to stimulate a short term sugar high that they hope will last through November.
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The high can last for years, but I doubt it will affect the midterms.
__________________
"We have met the enemy and he is us."
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