Economy in 2017

  • FrankN
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Replied by FrankN on topic Economy in 2017

4% is just unrealistic. I would love to see it, but our economy is too mature. I just don't see how that can happen.
2 years 4 months ago #1

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Replied by Goldbug on topic Economy in 2017

CNN are saying growth in 2017 will be higher than 2016, with Trump promising 4%, but the problem is how is it going to be funded? I don't know that the economy can take more debt financing or if it is just storing up a time bomb and driving up inflation at the same time. The one thing we don't need in a couple of years is growth slowing or stopping at the same time inflation goes up.
2 years 4 months ago #2

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Replied by FrankN on topic Economy in 2017

inflation is going to be a big problem. Too much free money and too low of interest rates for a long period of time.
2 years 5 months ago #3

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Replied by FrugalFran on topic Economy in 2017

I think unemployment is pretty low right now. What is it? A little over four percent? Incremental wage growth is fine, but prices have been rising at an alarming rate over the past five years and I can't imagine things like groceries going up even more.
2 years 6 months ago #4

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Replied by Lexie on topic Economy in 2017

Goldbug wrote:

FrankN wrote: That is absolutely true we need wage growth on an aggregate basis with no impact on unemployment.

Personally I'd like to see unemployment stable or reducing, and an increase in wages. There's a nasty debt cycle going on at the moment, and a disturbing growth in consumer borrowing despite the Fed's rise in rates in 2016. I'd prefer to see people able to pay off debts and pay cash for purchases, or when the interest rates rise again there's going to be a lot of bankruptcies.


I totally agree! Don't forget that in the debt cycle, if salaries go up, the price of goods will rise as well. Can't have one without the other. And, companies are hiring more part time workers now rather than full time so they don't have to pay benefits. But that's a whole other conversation.
2 years 6 months ago #5

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Replied by Goldbug on topic Economy in 2017

FrankN wrote: That is absolutely true we need wage growth on an aggregate basis with no impact on unemployment.

Personally I'd like to see unemployment stable or reducing, and an increase in wages. There's a nasty debt cycle going on at the moment, and a disturbing growth in consumer borrowing despite the Fed's rise in rates in 2016. I'd prefer to see people able to pay off debts and pay cash for purchases, or when the interest rates rise again there's going to be a lot of bankruptcies.
2 years 6 months ago #6

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Replied by FrankN on topic Economy in 2017

That is absolutely true we need wage growth on an aggregate basis with no impact on unemployment.
2 years 6 months ago #7

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Replied by Moneyes on topic Economy in 2017

Wage growth will only work if it's incremental and other jobs keep trickling in at the same time. Otherwise, you're going to be seeing a lot of lay-offs as companies cannot afford to pay the increases if their profit margin is already slim.
2 years 7 months ago #8

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Replied by Breakinger on topic Economy in 2017

Wage growth would be one of the first things on my list, too. It would be great if more jobs would offer competitive wages too because there is still such a wage gap between different industries that isn't fair. It would also be nice if the Stock Market would increase a little bit too.
2 years 7 months ago #9

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Economy in 2017 was created by FrankN

What would like people to see for the economy in 2017? I would like to see strong wage growth and stable unemployment.
2 years 7 months ago #10

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