Tech stocks dropped on the news of investigations a couple of weeks ago, but everything's back to where it was.
Honestly, nothing makes sense, and everything is chaos.
Bad Economic Predictions
Bad Economic Predictions
The 10 year is at 2.0%. We're flirting with war with Iran. China + Trump having talks at the G20. Europe pumping out more stimulus cuz their economy's fucked. Fed might cut rates in July.
Tech stocks dropped on the news of investigations a couple of weeks ago, but everything's back to where it was.
Honestly, nothing makes sense, and everything is chaos.
Tech stocks dropped on the news of investigations a couple of weeks ago, but everything's back to where it was.
Honestly, nothing makes sense, and everything is chaos.
It's not me, it's someone else.
Bad Economic Predictions
Median income by state.
I'll be honest. Seeing NC as 13th worse is a little bit surprising to me. Ohio 4 spots better.
I'll be honest. Seeing NC as 13th worse is a little bit surprising to me. Ohio 4 spots better.
It's not me, it's someone else.
Bad Economic Predictions
Appalachians kill KY and WV. I wasn't surprised. I know they could never get the deer population to take hold in the mountains when they released deer until the food stamp program was implemented.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
Bad Economic Predictions
Stocks drop on good economic news.
There's been a slate of soft economic news, so this was a bit unexpected. Markets had been hoping for a fed rate cut. Much less likely now.
There's been a slate of soft economic news, so this was a bit unexpected. Markets had been hoping for a fed rate cut. Much less likely now.
It's not me, it's someone else.
Bad Economic Predictions
A cost of living graph alongside that one would tell more of the story.TheCatt wrote: Median income by state.
I'll be honest. Seeing NC as 13th worse is a little bit surprising to me. Ohio 4 spots better.
That being said, DC being on the top is all you need to know about our country. DC is a notoriously shitty city. A former "murder capital of the U.S." title holder. Crime and poverty are major issues. Do any major corporations have their HQs there? I doubt it. So why is it at the top? Lobbyists and politicians.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
I picture lobbyists using "donations" to make it rain all over middle aged, white politicians, while the politicians gyrate on the pole.
Tax money then gets rained upon whatever the lobbyist was buying.
Tax money then gets rained upon whatever the lobbyist was buying.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
Minority politicians take bribes too. Who was that black Democrat from...LA?...who got caught a few years back? Let's also not forget Obama who is on his "time to pay me for the favors I did you" tour. A time honored tradition for all veteran politicians.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
My fave thing about Obama was how he wouldn't meet lobbyists in the White House, because he promised to not do that. So his people met them at the coffee shop across the street.
I think of Obama as the "Boyfriend President.". I know several liberals who spoke of him as such.
I think of Obama as the "Boyfriend President.". I know several liberals who spoke of him as such.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
worst offenders of CEO-Median worker pay gap.
A couple of those companies being on the list are interesting considering how bad they're doing.
Bob Iger is definitely one who gets a pass in my book. Is any company kicking ass like Disney currently is?
A couple of those companies being on the list are interesting considering how bad they're doing.
Bob Iger is definitely one who gets a pass in my book. Is any company kicking ass like Disney currently is?
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
I think when you get to that size of a company, they all get a pass. There are really only a handful of people capable of successfully running a business of that size. You are competing for someone in that small pool.Leisher wrote:Bob Iger is definitely one who gets a pass in my book. Is any company kicking ass like Disney currently is?
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
Bad Economic Predictions
2.1% GDP grown in Q2 2019. Better than expected, not great. Big question is Fed decision next week.
It's not me, it's someone else.
Bad Economic Predictions
Fed says there's no firm plans to do more cuts. Stonks get sad and drop 1%
It's not me, it's someone else.
Bad Economic Predictions
Fed says, "No, wait! There might be more!" Stonks recover.
In other news, it kinda suck in the US to not be rich
JFC. Admittedly, we bought a car last on year, and got a loan, but I had reasons.How households earning $61,000 can acquire cars costing half their gross income is a story of the financialization of the economy. Some 85% of new cars in the first quarter of this year were financed, including leases, according to Experian. That is up from 76% in the first quarter of 2009.
And 32% of new-car loans were for six to seven years. A decade ago, only 12% were that long. The shorter-term loans of the past gave many owners several years of driving without car payments.
Now, a third of new car buyers roll debt from their old loans into a new one. That’s up from roughly 25% in the years before the financial crisis. The average amount rolled into the new loan is just over $5,000, according to Edmunds, an auto-industry research firm.
It's not me, it's someone else.
Bad Economic Predictions
Trump makes stocks sad
WASHINGTON—President Trump said the U.S. would impose an additional tariff of 10% on $300 billion in Chinese goods and products beginning on Sept. 1, after trade talks this week failed to yield any significant results.
In a series of tweets, Mr. Trump, who received a briefing from his trade team Thursday, said that negotiators still planned to resume their discussions, as scheduled, next month, and expressed his interest in reaching “a comprehensive Trade Deal” with China.
However, he said that China’s promise to increase its purchase of U.S. agricultural products, as well as its promise to stop the sale of fentanyl to the U.S. have fallen short.
“China agreed to...buy agricultural products from the U.S. in large quantities, but did not do so,” he said. “Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States—this never happened, and many Americans continue to die.”
Unlike previous rounds of tariffs, which have focused largely on industrial goods, the $300 billion tranche is set to include a host of consumer products, from electronics and cellphones to apparel.
It's not me, it's someone else.
Bad Economic Predictions
Was coming to post that. Fucking tariffs...
If he was smart he'd wrap this trade war in the climate change argument and force the left and other nations to his side.
"China is still making CFCs despite signing treaties saying they wouldn't. They are literally helping to kill the planet and humanity. It has to stop and they need to be punished. The world constantly looks the other way as China allows other countries' IP to be stolen and pirated. This isn't something we can look away from. So I'm drawing the line in the sand on trade. We'll allow the trade deficit to continue if China immediately clamps down on pirating, stops gold farmers, stops manufacturing CFCs, and stops demanding trade secrets from companies trying to do business within their borders. I invite other nations of the world concerned about their own IPs and the damage climate change is doing to join me."
If he was smart he'd wrap this trade war in the climate change argument and force the left and other nations to his side.
"China is still making CFCs despite signing treaties saying they wouldn't. They are literally helping to kill the planet and humanity. It has to stop and they need to be punished. The world constantly looks the other way as China allows other countries' IP to be stolen and pirated. This isn't something we can look away from. So I'm drawing the line in the sand on trade. We'll allow the trade deficit to continue if China immediately clamps down on pirating, stops gold farmers, stops manufacturing CFCs, and stops demanding trade secrets from companies trying to do business within their borders. I invite other nations of the world concerned about their own IPs and the damage climate change is doing to join me."
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
I'd read somewhere (maybe even here somewhere) that businesses are putting the brakes on a lot of plans because Trump's been so erratic with trade policies. It's the same thing that happened under Obama with environmental policies. A lot of businesses that had to deal with the EPA just went into a holding pattern.
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
Bad Economic Predictions
Yeah, it really fucks your plans when your supply chain has so many question marks.Vince wrote: I'd read somewhere (maybe even here somewhere) that businesses are putting the brakes on a lot of plans because Trump's been so erratic with trade policies. It's the same thing that happened under Obama with environmental policies. A lot of businesses that had to deal with the EPA just went into a holding pattern.
On the other hand, the slowdown caused by tariffs, assuming they go into effect, may give him that 2nd or 3rd rate cut he wants :\
It's not me, it's someone else.
Bad Economic Predictions
Jobs report inline with expectations. Interestingly, the labor force grew 370k people, despite only 164k more jobs. Labor force participation of 63% still well below pre-recession values, but up from recently lows. In theory there's still more slack in the employment force if more people come off the sidelines. In reality, who knows
It's not me, it's someone else.
Bad Economic Predictions
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell