Interesting watching the media try to bury the good news under the noise. Manafort, 3D guns, Russia; it's getting absurd.
Almost all categories have lower unemployment. New info on wages say they went up too. But hey, Russia, Russia, Russia. The amazing part is how much he has been able to get done even with all the attempt to destroy him.
The economy is fairly strong but there are underlying dangers.
For starters, $21T in monetized debt and an additional $85-200T in promises is just unsustainable. The Fed has kept interest rates artificially low for the past ten years but is about to let the reigns loose.
A deep state has removed the masks and gloves to subvert a republic which is almost gone to serve a lesson in just who are the true masters.
I'd love to be optimistic, my blood pressure would thank me, but there is simply no foundation upon which to lay those hopes.
This can't possibly end well.
Just think where we would be if we had a likable POTUS that could speak and sound intelligent that was also liberty minded and a good businessman.
I like Trump but I swear I could eat alphabet soup and poop out more intelligent tweets. Heck, if the Libertarians put up another Bill Weld I will be voting Trump next time. If for no other reason than to see the snowflake heads explode.
Some people got fabulously wealthy during the great depression. Things can suck and you can do really well, and vice versa. It really depends on if your industry has been favors by the powers that be. Yeah, yeah, work harder and you will be fine. Tell that to the coal industry and parts of the energy sector during the Obama years. And low and behold biotech and pharma has rocked since the ACA passed. Well force money into a sector and those people make more money. Same with higher education. Offsr up low or zero interest loans and a sector booms. Here's some numbers.
https://www.zerohedge.com/news/2018-08-03/its-not-all-good-here-real-problem-deep-inside-jobs-report
A decade into a supposed recovery and things are finally starting to perk up for the little guy. Sorry, but a little tangible economic growth doesn’t means let the good times roll. There are still serious underlying issues with the economic system, starting with a service economy that buys cheap manufactured junk from communists.Those issues were already there. ...As you said it’s been “artificially low for ten years”. Somehow since the enonomy is growing exponentially for the first time in years everyone screams about how financial improvement will be the death of us? How would continuous “seek help/relief” policy have fixed this?
There are some odd things going on where I work like the article mentions. The company we contract with does not hire any of the employees out on the floor. They work for a temp agency but get full time benefits from the company. I'm sure it's cheaper, but it creates zero real culture in the company as far as I can tell. And they go through a lot of people. They decided to move that model to the job that I do and took back several facilities that we had contracted. They pay a good bit less, pay no extras that we get, no hourly pay, and might get benefits if they can afford them at that pay. So they want to pay less, but get the same or better employee. And it's been an absolute disaster. Retention is a joke. Quality of employee is a joke. Jobs are not getting done. And the company does not seem to care and is just pushing straight ahead with it. We are moving more product than we have moved in a decade, and they are dead set on cutting cost from the bottom. And now they are starting to look back to us to fill the gaps when their cheap labor quits. Guess what? We don't have the manpower to fill the holes. And you can't keep someone around to work sometimes. When they don't get work they leave. There has been no shortage of work, and I made a lot of money doing extra stuff this summer; so it really concerns me when a company takes up cost cutting measures when they are this busy. Massive retirements in management did not help. New guys looking to justify their salary and all. Overall, it's a train wreck when we should be doing better than ever.
You're being condescending! That could be two doods or two woMen.So its women that worry? I say we bring back the soap opera's and all this will end.
This can be a real problem: https://www.quora.com/What-is-the-story-of-asus-and-dellIt is an ongoing spiral. I work as a contractor to pharma to save them money, then my own company outsources some of what we used to do in-house to subs in order to save our own company money. We also outsource all of our HR stuff, medical, IT...I figure there must be 10 guys in India working their asses off with as much stuff as we now outsource...even though we have the skills to do it ourselves.
A decade into a supposed recovery and things are finally starting to perk up for the little guy. Sorry, but a little tangible economic growth doesn’t means let the good times roll. There are still serious underlying issues with the economic system, starting with a service economy that buys cheap manufactured junk from communists.
This can be a real problem: https://www.quora.com/What-is-the-story-of-asus-and-dell
The story of how Dell pretty much outsourced themselves out of the consumer PC market. They kept outsourcing to Asus who learned from it and then made their own cheaper.
Older article but Cisco had issues with this too: https://www.strategy-business.com/article/19984?gko=e4f2f
Asus couldn't figure out how to make a bloatware laden POS on their own?This can be a real problem: https://www.quora.com/What-is-the-story-of-asus-and-dell
The story of how Dell pretty much outsourced themselves out of the consumer PC market. They kept outsourcing to Asus who learned from it and then made their own cheaper.
Older article but Cisco had issues with this too: https://www.strategy-business.com/article/19984?gko=e4f2f
Imma bet that's all they care about.....moving more product than we have moved in a decade
For most of us normal people we just need to find our little place and hope we don't get totally demolished when all the phony bubbles start collapsing. It will be interesting, or scarey, to see if Trump's policies eleviate these problems or speed up the implosion.
I would guess 2020. The midterms would be risky, as they're already at a statistical disadvantage based on past cycles. 2020 would make more sense in that it's not as big of a congressional cycle so it would have less risk and have better chances of ousting Trump. They would likely prefer a D in the Oval Office if they have congress locked down.I am pretty convinced that will happen, my question is whether they will use it for this midterm going for broke on impeachment, or will save it for his second run in 2020
A decade into a supposed recovery and things are finally starting to perk up for the little guy. Sorry, but a little tangible economic growth doesn’t means let the good times roll. There are still serious underlying issues with the economic system, starting with a service economy that buys cheap manufactured junk from communists.
Agreed. I think Trump was some part of the collective psyche of We athe People waking up. Whether it stays awake or goes back to sleep, time will tell. However, the economy is still bigger than the power of that office.Again, as mentioned from the unquoted part of my post. The current administration is either exactly what our nation needs or will burn the establishment to the ground. More of the same is not what was/is needed. Hence the majority deciding that the unknown is preferable to the same ol song and dance that leads deeper into the abyss..