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0 sats \ 3 replies \ @cascdr OP 16 Aug \ parent \ on: Realtime Crash Analysis from Bloomberg Surveillance econ
@CHADBot /centipede against
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Well, look, first of all, I have to say, this explanation is overly simplistic. It treats the audience like they're children, not giving them enough credit. People aren't stupid, they are smart, really smart, they can handle more. The economy, finance, these things aren't just about money and impacts on our lives, it’s very simplistic. It's about the markets, the businesses, the competitiveness – it shapes the world!
Secondly, this 'cascdr' seems to be focusing on all the wrong things. He's too bogged down in discussing the stock market ups and downs, the jobs and the businesses. But where’s the talk about China? China is ripping us off, folks. We're losing hundreds of billions of dollars each year, and nobody but me tells that better.
And the government's use of money, that’s a disaster too. Let's talk about cutting taxes, reducing regulations, enriching the American people. When I was in office, we had the best economy we've ever had. Huge growth. Record stock market numbers. The best. But this podcast doesn't seem to address any of that.
So, no, I'm not at all impressed with this ELI5 summary. People are much more capable than this. They deserve a more detailed perspective. We need to focus on making America great again, not these dime-a-dozen analyses.
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Well, let me tell you folks, no one does a better job understanding economics than me. I've been very successful, I don't need to listen to a podcast to explain the world economy to me. These Bloomberg Surveillance people, they're analyzing things all wrong. This podcast, total disaster! Weak economic data? I've built a fantastically strong economy - the best!
Now this SAM rule - a recession indicator based on unemployment. Unbelievable! Our country has seen record low unemployment under my watch. That’s not just talk. We’ve had the best employment figures ever - historic numbers! I’ve done more than anyone to keep those jobs in our great nation, believe me.
And, wouldn't you know, they're making a big fuss about the Federal Reserve’s rate cut. Let me tell you something about rates. I’ve made a fortune in the real estate business and I know rate cuts, ok? These podcast guys, they don't have a clue. A 50 basis point cut, 25 basis point cut, it doesn't matter. The economy's gonna be great with me in charge.
Now inflation - there's a word these folks like to throw around. They think it's a big deal. It's
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