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unseen1
@unseen1_unseen
, 7 tweets, 2 min read Read on Twitter
I find it funny that the "free traders" never ask what caused the housing bubble in the early 2000's. Sure some say it was easy credit. Some say it was government policy. But think about it some more. What cause everyone to all of a sudden build homes, become real estate agents?
What was the impluse for the construction boom? Why did Wall Street, pension funds and other invest in homes? Why was the government pushing home ownership so hard? Why were the banks desperate to give out subprime loans?
Could it be due to the fact that real estate was the only thing that couldn't be offshored? That construction jobs was the industry of last resort for millions that lost their jobs to NAFTA and China WTO entry? Could it be that the government wanted to hide the impact of their...
...."free trade" policies destroying our manufacturing sector? Could it be that banks and Wall Street needed a new cash stream to replace the one lost to the stupid trade policies pushed by the government? While we are thinking about that possibility it comes to mind that.....
.....the dot com bubble preceded the housing boom. Funny how all these people rushed into these sectors all at once. It's almost like they were in need of jobs or something. Then when those sectors crashed and burned and there were no jobs left, it's funny how we suddenly got...
...a massive drug crisis on our hands as people couldn't find jobs in Obama's crappy economy. But hey we do get some cheap crappy products in the exchange. Who needs jobs for a large section of the population? What's the worse that could happen?
We have the technology....we can just retrain them for the next bubble..🙄🙄
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More from @unseen1_unseen see all

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unseen1
@unseen1_unseen
Most people know that the USA economy is powered by the US consumer. In fact over 70% of the US GDP is due to consumer spending. What many do not know is that the world economy is fueled by the USA consumer. Almost 27% of the world's consumer market is because of the US consumer
While the rest of the countries make up 73% of the world's consumer market, individual countries are all below 8% of that market. China is the second largest at 7.72% of the consumer market. In other words, the world needs access to the US market.
Even if you take the entire EU as one country, it doesn't add up to the US consumer market. It's close at around 24%. If you take the USMCA we beat the EU with 31% of the consumer market. Combined the EU and USMCA make up about 55% of the consumer market in the world.
Read 17 tweets
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unseen1
@unseen1_unseen
Suppose we had a great gathering of Tribes once every couple years. These Tribes numbered say 30. The gathering would discuss issues that impact all Tribes. Some of these Tribes are very big Tribes(the hunt went well for them, their ranges are filled with Buffalo).....
Some Tribes are very small (their Chief taxes the hunt) anyway all of these Tribes come together to discuss the important issues of the day like if the tax on the hunt should be increased from 2 Buffalo skins to four or if the great glaciers melting will form into 5 great lakes.
Now those tritbes are all hip so they allow all a say within their individual Tribes on how their internal policies and paths should go. However, due to the size differences between the Tribes this can't be allowed at the gathering. If it was, the big Tribes would rule over all.
Read 12 tweets
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unseen1
@unseen1_unseen
Trump understood, unlike the rest of the idiots in DC, that OPEC was one group that would control our economy and limit our growth. Whenever we grew OPEC would decrease supplies pushing up prices. No more. Trump broke OPEC's control over our economy.

cnbc.com/2019/08/27/the…
The high gasoline prices under Bush was the Domino that started the great recession. People couldn't pay their loans because it went into the gas tank, defaults rose, the whole house of cards collapsed. Obama got elected...
That won't happen with Trump's economy. Cheap energy, low unemployment, the FeD deranged somewhat. China exposed. The only thing I can see that might cause a problem in the near future is qualified labor shortage. This is why Trump's merit based immigration is so important.
Read 6 tweets

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