Economy
In this section you will be able to follow the discussion regarding the US economy, unemployment and jobs, US budget deficit, US debt burden, Government entitlements (Social Security & Medicare), and government impact on the economy (financial reform, government regulations, housing markets, and crumbling infrastructure -transportation). Since Trump's tax cut of 2017, much criticism has been about corporate stock re-purchases. These occur all the time, by the way, so it is not some unusual occurrence. In 2016, before Trump was elected, Disney bought back $7.5B of its stock. So, other than greed, why would a company buy back stock that it had sold?

Storm Cycles

6/10/23
from Maudlin Economics,
6/9/23:

Neil Howe's theory of cycles says we are now in a “Fourth Turning.” It will hurt but ultimately give way to better times.

Here is a quick taste of an excerpt from Neil’s forthcoming book. “When did America’s most recent Fourth Turning begin? I reckon about 2008, with the eruption of the Global Financial Crisis--just as the previous Fourth Turning was triggered by the Great Crash of 1929, about 80 years before. “Before 2008, the old Third-Turning America, while not in robust health, still functioned. In the mid-2000s, most voters still read the same news and trusted their government, the two parties still conferred on big issues, Congress still passed annual budgets, and most families remained hopeful about the nation’s future. “Then came the GFC, the rise of populism, and the pandemic. These were three hits that a healthy democracy could have withstood but that caused ours to buckle and give way, revealing pillars and beams that had been decaying for decades. “When will America’s Fourth Turning end? Not until the early 2030s. Yet beware: History teaches that, before it ends, the nation must undergo a phase transition and experience a mood of national urgency, probably involving national conflict, on par with that of earlier Fourth Turnings—the era of the Great Depression and World War II; the era of the U.S. Civil War; or the era of the American Revolution. By the time it’s over, the old American republic will disappear. And a new American republic, as yet unrecognizable, will take its place.” Neil says this with high confidence because it’s a cycle that happened before, repeating itself for at least the last 500 years and not just in the US. And he’s not the only one who sees it, although others see different rationales for their version of cyclical history.

More From Maudlin Economics:



365 Days Page
Comment ( 0 )