Name:	Shortbus -	Reply
Subject:	It da ecominy
Date:	4/18/2016 8:20:09 AM (updated 4/18/2016 8:25:38 AM)

http://www.ronpaul.com/2016-04-18/what-did-fed-chairman-yellen-tell-obama/

I stood up in class and told my macro economics prof that the book was wrong on this Keynesian stuff back in 1980.
I said why don't you explain the Laffer curve instead? 
He used the last half of class time explaining the Laffer curve.

French millionaire exodus

Name:	Talullahhound -	Reply
Subject:	It da ecominy
Date:	4/18/2016 1:30:07 PM

An awful lot of "secret meetings".  In fact, it is not that unusual for 'closed door' meetings, which are not "secret", but no official notes are forthoming.  Sometimes it is "principals only" which means that there are no additional staff permitted and no official record is recorded. 

Regarding the defaulting on student loans - I would argue that many students may chose to just default on the loans, having obtained the service for which the loan was intended (education) and it is not able to be repo'd, nor the debt discharged by bankruptsy.  If, during the housing crisis, people thought it was okay to just stick the key in the door and walk away, I don't think it is too much of a stretch that students are capable of doing the same with their student loans. 

But, yes, it is the economy, and I don't think it  matters who is elected President with regard to the economy.  My simple observation is that the price of everything is up.    One thing I know for sure is that Trickle down economics doesn't work.  Even David Stockman who was Reagans Budget guy knows it doesn't work and has said as much.  I certainly don't know the answer to how to fix the economy, but I suspect there is a lot of truth in getting Congress to cut spending across the boards and pass a budget. 

Name:	architect -	Reply
Subject:	It is the economy
Date:	4/18/2016 1:53:57 PM (updated 4/18/2016 1:56:34 PM)

"Secret" meetings between the Fed Chair and just about anybody is and must be the norm and has been since 1916!  I suspect they were discussing the weakness of the rest of the world economy and how it threatens the strong US economy.

Ron Paul and the rest of the Laissez Faire bunch have predicted 12 of the last 8 recessions.

I am fully aware that very few people on this forum will ever admit the economy is anything but a disaster as long as a Democrat is in the WH. Anybody on this forum with the balls to do so will admit that if the current occupant had an R after his name they would be praising the current economy to high heaven!

The facts are, the U.S. economy is in a pretty strong position...certainly best in, most aspects, since the fading of the Clinton years boom during the early W days.  I walk my Intown neighborhood at least 4 times a week and there are more "help wanted" signs in storefronts than I have seen in at least 15 years! That may not be something that means anything to the Fed or Bernie Sanders or Ted Cruz  and it may not be the situation in Montgomery or B'ham, but it is in Atlanta and it, along with the return of bidding wars in residential sales, speaks loud and clear to me!

Name:	Talullahhound -	Reply
Subject:	It is the economy
Date:	4/18/2016 2:50:08 PM

No economic analysis like JohnC does on real estate, but I pick up the "Home and Land" real estate catalogue of houses in the area for sale, and it appears to me that house prices are up over all.  And Russell Lands hasnn't stopped building $1M properties.  And I have been casually shopping for a 2nd home, and prices seem to be up.  Most of the beach condos in Alabama seem to be in the $600K plus market.  Just a few years ago, I couldn't picked one up for about $200K (wish I had...)