JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
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Sometimes the old models become obsolete and their textbooks based on them also.
Warren Buffett says no textbook could have predicted the strange economy we have today
Buffet needs to throw out those textbooks.
We have a great economy because:
1) Regulations that once smothered economic growth are being slashed.
2) The US is right now the most promising market to invest in and so we are bringing in more capital from outside, and those tax cuts are helping as well.
3) Obama, quite rightly for the time, focused on bringing our financial industry from the brink of destruction by doing everything possible to recapitalize it. But now that the economy is in full roar, the old Keynesian approach is too slow and stifling. Trump has tossed that old economic model aside.
4) All the Doom prophesied has failed to manifest, sending investors into a one in a million self-fulfilling confidence march to prosperity.
5) The Hire American policies have expanded our consumer market to dramatic levels, and that has brought economic expansion with it and an upwardly moving recursive spiral.
Warren Buffett says no textbook could have predicted the strange economy we have today
Buffet needs to throw out those textbooks.
We have a great economy because:
1) Regulations that once smothered economic growth are being slashed.
2) The US is right now the most promising market to invest in and so we are bringing in more capital from outside, and those tax cuts are helping as well.
3) Obama, quite rightly for the time, focused on bringing our financial industry from the brink of destruction by doing everything possible to recapitalize it. But now that the economy is in full roar, the old Keynesian approach is too slow and stifling. Trump has tossed that old economic model aside.
4) All the Doom prophesied has failed to manifest, sending investors into a one in a million self-fulfilling confidence march to prosperity.
5) The Hire American policies have expanded our consumer market to dramatic levels, and that has brought economic expansion with it and an upwardly moving recursive spiral.