Economist schools Trump: Cheap oil = lower GDP

Ted Frazier

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Nov 12, 2016
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Trump recently thanked Saudi Arabia, which he sees as being key in lowering oil prices.
But as Ian Shepherdson (Chief economist in Pantheon Macroeconomics) noted, this is actually not a good thing for the US GDP:

Oil prices and US GDP growth are now positively correlated. The U.S. now reacts to lower oil prices like Saudi Arabia, ie, badly. This is not how it used to be; shale has changed everything. Someone should tell @realDonaldTrump
Ian Shepherdson on Twitter
 
Trump recently thanked Saudi Arabia, which he sees as being key in lowering oil prices.
But as Ian Shepherdson (Chief economist in Pantheon Macroeconomics) noted, this is actually not a good thing for the US GDP:

Oil prices and US GDP growth are now positively correlated. The U.S. now reacts to lower oil prices like Saudi Arabia, ie, badly. This is not how it used to be; shale has changed everything. Someone should tell @realDonaldTrump
Ian Shepherdson on Twitter
Good Lord!!! Stupidity reaching new lows!
 
When was the last time an economist was right about anything?.....I can't think of a time any of them were right....
 
Higher oil prices increase inflation and lower economic growth. That's Econ 101....seems Shepherdson was absent from class that day.

What a moron

Lower oil (ENERGY) prices lower GDP is possibly the dumbest thing I have heard some stupid shit liberal say all year. These dumb shits have no idea how much energy costs factor into running a business.
 
That's why I had to laugh when Obama talked about gasoline going over $4/gallon during his administration that it was a good thing because it would reduce demand. WHAT A MORON.
 
Trump recently thanked Saudi Arabia, which he sees as being key in lowering oil prices.
But as Ian Shepherdson (Chief economist in Pantheon Macroeconomics) noted, this is actually not a good thing for the US GDP:

Oil prices and US GDP growth are now positively correlated. The U.S. now reacts to lower oil prices like Saudi Arabia, ie, badly. This is not how it used to be; shale has changed everything. Someone should tell @realDonaldTrump
Ian Shepherdson on Twitter

I guess nobody told him higher gas prices makes everything more expensive across the board
 
Trump filed MULTIPLE BUSINESS BANKRUPTCIES for a reason

Now Trump is running the US

haha :26:
 
That's why I had to laugh when Obama talked about gasoline going over $4/gallon during his administration that it was a good thing because it would reduce demand. WHAT A MORON.

Ears was about as economic literate as the moron the OP quoted is. LOL fckn loons
 
That's why I had to laugh when Obama talked about gasoline going over $4/gallon during his administration that it was a good thing because it would reduce demand. WHAT A MORON.

Ears was about as economic literate as the moron the OP quoted is. LOL fckn loons

Obama never worked a real job, had no experience running anything, he's dumb as a post.
 
Trump recently thanked Saudi Arabia, which he sees as being key in lowering oil prices.
But as Ian Shepherdson (Chief economist in Pantheon Macroeconomics) noted, this is actually not a good thing for the US GDP:

Oil prices and US GDP growth are now positively correlated. The U.S. now reacts to lower oil prices like Saudi Arabia, ie, badly. This is not how it used to be; shale has changed everything. Someone should tell @realDonaldTrump
Ian Shepherdson on Twitter

Who trusts "experts" any more? This industrialization of this country was accomplished thanks to cheap fossil fuel energy, and it will continue to thrive and prosper, thanks to cheap fossil fuel energy.
 
Trump filed MULTIPLE BUSINESS BANKRUPTCIES for a reason

Now Trump is running the US

haha :26:

That has what to do with this "economist" putting his foot in his mouth?

read (1) the title & (2) the OP, where it mentions butt boi Trump twice

try paying attention, lately?

Your TDS would have kicked in anyway....."kid" LOL You even post like a petulant kid

Petulant kids are smarter.
 
Trump recently thanked Saudi Arabia, which he sees as being key in lowering oil prices.
But as Ian Shepherdson (Chief economist in Pantheon Macroeconomics) noted, this is actually not a good thing for the US GDP:

Oil prices and US GDP growth are now positively correlated. The U.S. now reacts to lower oil prices like Saudi Arabia, ie, badly. This is not how it used to be; shale has changed everything. Someone should tell @realDonaldTrump
Ian Shepherdson on Twitter

Who trusts "experts" any more? This industrialization of this country was accomplished thanks to cheap fossil fuel energy, and it will continue to thrive and prosper, thanks to cheap fossil fuel energy.

Massive energy reserves are WHY American became the wealthiest most powerful country on earth.
 

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