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It seems you are missing the point. Why would the job market self correct? Under normal trade theory this job losses are covered by growth in other sectors and in the economy in general caused by capital inflows (trade deficits), in a world with excess capital and low interest rates trade deficits don't add anything useful to the economy , quite the opposite, they are a drag to it.
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That website only displays trade of physical goods.
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Expecting products to usable is normal, its something that is basically guaranteed if you buy your product at an official store.
Last edited by Mittens; 2017-12-11 at 02:00 PM.
The point that I made is that the trade deficit is not something new. If you have a trade deficit this year, it does not necessarily mean anything at all changed, if you've had one last year as well. It is quite possible that jobs were only lost decades ago, but the loss was absorbed by growth since then. That is why data is needed to make any statement. As such, you need to present data if you want to stipulate that job loss is caused by the deficit today.
We are bilingual in schools in austria for more than 30 years now and the result is that 70+% of austrians are able to hold a discussion in another language. There is no reason why one language would automatically replace the other. Again, the dialects are still around, heck i'm speaking two dialects even.
I did get your point. Excess capital and low interest rates implies that investment is stagnating, which has adverse effects on job creation and growth. A trade deficit lowers GDP.
I do get your point that a sudden trade deficit can cause job loss. That is not missed. The problem is that you are only observing a single data point and make deductions based on that, while I am arguing about a longer period of time.
Since we are now going for relatively complex shit, this is the Identity for GDP:
GDP = consumption + investment + government spending + (exports − imports).
They are deducted from the total, while still accounting for economical activity in excess.What role does imports play in it?
Excess capital leads to increased FDI, Low interest rates lowers the value of the currency.How does this role get affected in times of excess capital and low interest rate?
Theresa M. wrote a letter to EU Citizens within UK:
https://twitter.com/theresa_may/stat...11813563723776
if the UK courts fail to secure the rights of those EU citizens, UK will be blamed for breaking the deal.
"They don't invite me because I am handsome but because of what I did for the Balkans!"
"Let's see it, I told her. I had read about the English tea and I wanted to drink it."
"When she comes to Bulgaria I will give her yoghurt."
Our Prime Minister, visiting the UK's Prime Minister. Remember those cultural differences I was harping on about?
Remember kiddies, hope was the last evil in Pandora's box.
How... can you be this stupid. So they hammer out a last minute compromise deal that is super flaky to begin with. And then Davis goes on to say that it's not binding...
Now EU officials are considering to insist putting it into law, as in actually ratifying the first part into UK legislation. As if the UK had time to do that... sheesh.
https://www.theguardian.com/politics...ys-verhofstadt
Is this what the UK considers "professional negotiation"? Good luck with that kind of attitude when trying to make deals with third parties. This isn't a child's game. When you say silly things like that on TV, be mindful that other nations do have free access to the footage and will take you seriously. This type of commentary isn't a joke that you can play off later.EU ministers are meeting in Brussels on Tuesday to discuss the text to be put before leaders on Friday morning.
“As someone said, it’s an own goal,” Verhofstadt said. “It is clear that the European council will be more strict now. It is saying: ‘Yeah, OK, these are our intentions, our commitments, we want these commitments translated into legal text before we make progress in the second stage.’ That is now the position of the council. I have seen a hardening of the position of the council and there will be a hardening of the position of the parliament.”
The European parliament is to vote on a draft resolution on Wednesday and this will also be amended so as to condemn the comments and demand swift legal assurances from the UK, he added.
The proposed amendments claim that in “calling the outcome of phase one of the negotiations a mere ‘statement of intent’”, Davis’s intervention threatened “to undermine the good faith that has been built during the
negotiations”.
In other words, sooner or later you will have to tell the truth, the stark naked truth. And you will have to face the British electorate about what you promised and what you actually can deliver. The EU won't save you from that.
Last edited by Slant; 2017-12-12 at 12:17 PM.
Users with <20 posts and ignored shitposters are automatically invisible. Find out how to do that here and help clean up MMO-OT!
PSA: Being a volunteer is no excuse to make a shite job of it.