While the elderly has seen the biggest increases in mortality rate since 2020, on a percentage metric, 25-44 year olds have seen the biggest increases. While most age groups are now close to pre-Covid levels, these two age groups remain elevated, mostly due to external causes such as drug ODs, alcohol related, and homicides.
@gestalt_j@FlannelMeatball@literaryeric@stlouisfed You think if he did these two things (and he has cut regulations) that we would have avoided the back and forth you describe? Seems unlikely to me, political philosophical debates will always be around
I’m not a fan of tarrifs from an economic viewpoint, although I think they have national security value. However, your post shows how complex this issue is. On the one hand you think debt is a bad thing because interest rates will rise. On the other hand you claim tarrifs were one of the biggest tax hikes in modern history, which I assume you think is a bad thing, even though it reduces the deficit and therefore the debt, which may lower interest rates. Economics is about tradeoffs.
Seems like we both would agree that government spending is much too high. And you gotta admit his big beautiful bill kept taxes much lower than what would have happened if it didn’t pass.
I still think the GDP growth will be positive over the next year or so, and that contraction is not likely for my reasons in my previous post.
There’s where we differ. I think Economic contraction is unlikely. I think productivity is going to be the key to economic growth and high interest rates the biggest threat. And jobs growth might not be a great indicator of economic health in a low unemployment environment and slowing population growth. I’d be more interested in the employment participation rate. On the positive side, inflation is declining, interest rates have been dropping, taxes have been lowered and productivity is set to rocket because of AI. The headwinds might be loss of jobs due to AI, slow population growth limiting demand, high government debt causes higher interest rates, and the continued contraction of government jobs. Time will tell.
Agreed. And digging deeper shows that most of the jobs over the past few years has been in health care. But I’m also sure you would agree that drawing a line at inauguration day is meaningless because it takes a while for a change in policy for any president to ripple through the economy. This year will tell way more about his policies than 2025 data.