Quote:
Originally Posted by xoxoxoBruce
Market forces happen instantly.
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Obviously not true. In the 1990s, we stopped buying crap Fords. So Nasser was replaced by William Clay Ford. William Clay started fixing problems in 2000. In 2007, Ford had never lost more money - because of what Nasser did. In 2008 and 2010, the work started by William Clay in 2000 resulted in massive profits. Where is this instant response? Never happens.
Kennedy created tax cuts in the early 1960s. So a recession resulted in the mid 1960s.
Obama administration in 2008 started fixing economic disasters created by George Jr (ie tax cuts, massive government debts) after 2000. As a result, four and ten years later (which includes now), we reaped one of a most robust economy.
Anyone can learn from history. Nixon spent money we did not have on Vietnam. When did that create a recession? Mid 1970s. Ford refused to fix this problem. Carter did at the end of the 1970s )ie 20% interest rates). Economic recovery then occured in mid 1980s.
Market forces only occur instantly when one is indoctrinated by myths and lies from business school graduates. History suggests that changes today appear in economic report four and ten years later.
GE was stifling innovation 20 years ago in most divisions. Economic reports (GE's spread sheets) are now reporting the resulting destruction. It takes that long for the money to finally report what happened.
Michael Powell's 2002 attack on net neutrality meant on the largest internet provider could survive. The last of free market competitors dies around 2010. That is when internet that should have been $20 per month for 100 Mb instead became $50+ per month for 20 Mb.
New FCC rules will only entrench the duopoly. Economic numbers should start reporting the resulting damage in four or more years.
Whereas it takes at least four years for economic growth to be reported, sometimes gross economic mismanagement can start appearing earlier - in a year.
With the 1929 stock market crash, Hoover made things worse by putting up restrictions (like Trump is doing) and tightening the money supply. As a result, massive job losses were in 1933.