Posted on 04/05/2016 6:09:10 PM PDT by Lorianne
Donald Trump's prediction that the U.S. economy was on the verge of a "very massive recession" hit a wall of skepticism on Sunday from economists who questioned the Republican presidential front-runner's calculations.
In an interview with the Washington Post published on Saturday, the billionaire businessman said a combination of high unemployment and an overvalued stock market had set the stage for another economic slump. He put real unemployment above 20 percent.
"We're not heading for a recession, massive or minor, and the unemployment rate is not 20 percent," said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.
The official unemployment rate has declined to 5 percent from a peak of 10 percent in October 2009, according to government statistics. But a different, broader measure of unemployment that includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment is at 9.8 percent
(Excerpt) Read more at reuters.com ...
So which experts do we want to believe?
Most of America’s “economists” have been “puzzled” for quite a while now.....
The official unemployment rate has declined to 5 percent from a peak of 10 percent in October 2009, according to government statistics
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And we all believe that, right.......?
“...Harm Bandholz, chief U.S. economist at UniCredit Research in New York ....”
Fool doesn’t realize that he has been “punked” by the Fed. and the Gov’t!
When 70 resumes are received for a $10.00 an hour state park ranger job that I am aware of, I can’t comprehend why so called “economists” are puzzled about Trump’s prediction? Can you?
The unemployment figures are not accurate, and never have been. The figures that count are the employment figures. I’ve heard that the number of people working has not been this low since the 1970s. Considering we have a lot more people now, that is a real problem. Another problem is that many of the employed only work at part-time jobs.
This economy needs fixing.
Economists think that because THEIR jobs are safe, there's no problem.
I don’t remember economists predicting the Global Financial Crisis of 2007-8...
I heard Trump on the radio, talking about the coming oil glut, 4 years ago.
So these economists think we can go on deficit spending $6 BILLION dollars every day?
Anyone else tired of hearing the word "unexpectedly"?
Are these the same wizards of smart who turned the word unexpected into a meme?
“It may turn out the economy did not grow at all in the first quarter”
From another posted article....
Once the Magic-Negro hype is gone, this overstimulated thing will likely fall flatter than a flitter... Trump is there to warn about that so when it happens we don’t get the immediate hoots about oh sure, if this is making America great I’d sure hate to see making America terrible.
But again, maybe it won’t.
Only puzzles “economists” who think we can create near-infinite amounts of money out of thin air without any negative consequences.
Rational economists, like those of the Austrian School, can clearly see what a disaster awaits us.
see for example:
Federal Reserve Policies Cause Booms and Busts
https://mises.org/library/federal-reserve-policies-cause-booms-and-busts
And: Austrian Business Cycle Theory.
https://wiki.mises.org/wiki/Austrian_Business_Cycle_Theory
Note the concept: “Malinvestment”.
https://wiki.mises.org/wiki/Malinvestment
Are these the same economists who claim the US unemployment rate is 4.9%?
Well, Trump was right about Belgium...
Trump predicts a massive recession. He also predicts he will be elected President. Hmmmmm.
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