Unemployment Rate matches lowest point in half a century

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@ProVobis
Are you questioning our trade statistics that show a persistent imbalance that has been negative for many decades, but was previously in balance?
 
Well, since you put it that way, I recall a recent controversy we had concerning our trade with Canada. They think we have a surplus while Trump thinks it’s a deficit. As it turns out, it all depends whether you count the service sector. I suppose we can go country by country and really analyze this, but is it worth the fight when we can just let the free markets decide what’s balanced?
 
ProVobis said:
Well, since you put it that way, I recall a recent controversy we had concerning our trade with Canada. They think we have a surplus while Trump thinks it’s a deficit. As it turns out, it all depends whether you count the service sector. I suppose we can go country by country and really analyze this, but is it worth the fight when we can just let the free markets decide what’s balanced?
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The thing I find interesting is that with Trump you now have a bunch of people who on one hand like to argue that the government can’t do anything right and on the other hand think that the government ought to pick winners and losers in international trade.
 
stinkcat_14 said:
The thing I find interesting is that with Trump you now have a bunch of people who on one hand like to argue that the government can’t do anything right and on the other hand think that the government ought to pick winners and losers in international trade.
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It’s a negotiation, mostly about commodities. Steel is just another commodity
 
I wouldn’t doubt it. Trump could probably convince his followers that all the interest payments we make to foreigners are unfair.
 
Theo520 said:
It’s a negotiation, mostly about commodities. Steel is just another commodity
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Negotiation is best left to the market. We don’t need a command economy where the government is picking winners and losers.
 
stinkcat_14 said:
Negotiation is best left to the market. We don’t need a command economy where the government is picking winners and losers.
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Yup that’ free trade theory, which only works in papers and models
In the real world the govt maniplates currencies and restricts imports.
If China etal ascribed to the free market, we wouldn’t have a persistent deficit in the US.

I assume we bear some responsibility by having our currency as the defacto base currency of international commerce.
 
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Theo520 said:
Yup that’ free trade theory, which only works in papers and models
In the real world the govt maniplates currencies and restricts imports.
If China etal ascribed to the free market, we wouldn’t have a persistent deficit in the US.
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You act like there is a problem with a persistent trade deficit. Yet you have never been able to articulate why that is a problem.
 
stinkcat_14 said:
You act like there is a problem with a persistent trade deficit. Yet you have never been able to articulate why that is a problem.
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As I clearly recall, you could only supply economists that said it wasn’t a problem for rapidly growing economies. In fact, a deficit was expected for such an economy.

I supplied material that supported my position, but obviously you ignored it. To now say I’ve never articulated the position only proves your penchant is for deflection, not discussing a topic.
 
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Read an article, I believe it was a government study by the Department of Labor, that there are currently .95% people for every job available in the USA. That is, less than one person to fill every job in America. And it is only going to get worse. I’m willing to bet, short of massive immigration, that in ten years there will only be 85 to 90 people to fill 100 jobs.
Don’t believe any politician or any party. The unemployment rate is a function of available job seekers, and they are disappearing as a whole.
 
Nothing is wrong with several years of a tight labor market, businesses will adapt, more long term unemployed will be back at work, and wages for workers at the bottom will increase.

Instead being just ‘pro business’ try being a little pro-employee. We can benefit them without mandating increased wages or benefits, just let the market forces work.
 
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@stinkcat_14
You never did respond
Theo520 said:
As I clearly recall, you could only supply economists that said it wasn’t a problem for rapidly growing economies. In fact, a deficit was expected for such an economy.

I supplied material that supported my position, but obviously you ignored it. To now say I’ve never articulated the position only proves your penchant is for deflection, not discussing a topic.
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Theo520 said:
@stinkcat_14
You never did respond
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Theo520:
As I clearly recall, you could only supply economists that said it wasn’t a problem for rapidly growing economies. In fact, a deficit was expected for such an economy.

I supplied material that supported my position, but obviously you ignored it. To now say I’ve never articulated the position only proves your penchant is for deflection, not discussing a topic.
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You will have to produce the exact post for me to make a relevant comment.
 
Nope, we’ve had the discussion multiple times
And you denied we’d every traded links on the topic of trade.

I know you are deflecting, I don’t waste time with you anymore
 
Well nobody else in this world has ever done that without getting consent first, right???
 
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