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Wages and interest rates are a good start.
Posted on: November 30, 2017 at 14:47:29 CT
Badird MU
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We have seen a stagnation in wages and low interest rates.
Consumer confidence is a big piece of the pie. The government cant legislate consumer confidence directly, but it should tell you the weight of the President's word. His word that he should probably be more judicious with, IMO.
However, there are a few things the government can do. Increasing the minimum wage would increase wages, which would give consumers more confidence and money to spend, so long as inflation can be kept in relative check.
Keeping interest rates low reduces the cost of borrowing money. You said the Fed. Who's Fed was it that dropped interest rates and kept them low?
Housing prices and property value have a big impact on confidence (which have been increasing for 5-10 years depending on where you live).
Infrastructure, one of the things I agreed with Trump about, would have a positive impact.
Thats my take on the primary drivers of GDP. Im sure there are more. So what legislature has been passed to improve confidence or any of these factors? Cutting regulations is a great buzzword. Though there is undoubtedly a tradeoff in the form of public health, consumer protection, and impact on the environment.
Consumer confidence is a big piece of the pie. The government cant legislate consumer confidence directly, but it should tell you the weight of the President's word. His word that he should probably be more judicious with, IMO.
However, there are a few things the government can do. Increasing the minimum wage would increase wages, which would give consumers more confidence and money to spend, so long as inflation can be kept in relative check.
Keeping interest rates low reduces the cost of borrowing money. You said the Fed. Who's Fed was it that dropped interest rates and kept them low?
Housing prices and property value have a big impact on confidence (which have been increasing for 5-10 years depending on where you live).
Infrastructure, one of the things I agreed with Trump about, would have a positive impact.
Thats my take on the primary drivers of GDP. Im sure there are more. So what legislature has been passed to improve confidence or any of these factors? Cutting regulations is a great buzzword. Though there is undoubtedly a tradeoff in the form of public health, consumer protection, and impact on the environment.
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Wages and interest rates are a good start. - Badird MU - 11/30 14:47:29