I dunno. Following a president who says job reports are fake but then believing in them when your side says it sound pretty deranged to me.
There are a lot of signs that we're near the top, but I don't think we're on the cusp of downturn just yet. So long as money is free flowing I do not see any reason for a recession. The dangers are going to be feds raising interest rates too high contracting money supply, consumers tightening their wallets and not spending, or future government having to raise taxes to plug the budget gap, and raising them on the middle class causing them to slow down spending. I don't see any of these three happening right now, so I think the party will go on for a while longer.Back in 2005/6 Bushies bragged about the real estate market and decried the liberal chicken littles warning of a bubble.
-I cashed out my starter home bubble money and bought a modest condo. Waited out and resold when RE market stabilized and interest rates nearly bottomed out.
In 2009, conservatives freaked out about Obama, deficits, hyperinflation, the destruction of the us economy and rushed to buy gold and survivor seeds.
-I heavily invested in growth stocks non stop. Gold if down and market is up multiples.
In 2018 conservatives are saying $1T structural defcits don't matter, trade wars are ready to win, and we'll see annual 4% GDP growth.
-hmmm. Watching my investments carefully knowing whenever conservatives start bragging how awesome their guy is, you better watch your wallet
There are a lot of signs that we're near the top, but I don't think we're on the cusp of downturn just yet. So long as money is free flowing I do not see any reason for a recession. The dangers are going to be feds raising interest rates too high contracting money supply, consumers tightening their wallets and not spending, or future government having to raise taxes to plug the budget gap, and raising them on the middle class causing them to slow down spending. I don't see any of these three happening right now, so I think the party will go on for a while longer.
Question is, will we see something coming fast enough to react before it hits us? Are we acting smart enough to be confident we'll get out of the way?
Not sure of that right now.
I find it funny that people like Spidey continually demand that Trump be feted for continuing a trend in employment that preceded him by several years.
Congratulations?
I think Obama doesn't get enough credit for turning around a bad situation he was handed from GWB.
In other news, 90% of workers are still making less than they did in 2007 in terms of real dollars.
Lol Ok. GWB just happened to be there... lol. And if not for trump and protectionism the economy would be nosediving. Lol. Funniest thing I've read in a while. Next you'll say trump deserves some sort of civil rights award or something.Obama did nothing to improve the economy. The federal reserve stimulated the economy with low interest rates. However, history shows low interest rates will take the nation only so far.
Trump is working to balance trade and help companies based in the United States be more competitive with fair and balanced trade. Thus helping to create jobs and continue grow the economy past what low interest rates would have carried us.
Please be honest. The road to the financial crash was put in place by Bill Clinton and his banking deregulation. It was just a matter of time before the system crashed, and GWB "just happened" to be president at the time. GWB did not hand Obama a bad economy, Bill Clinton did.
The bail out and low / zero interest rates given to banks by the federal reserve stimulated the economy, not Obama.
If it were not for Trumps protectionist tariffs and tax breaks, the economy would have taken a nose dive a long time ago.
Low interest rates are only part of the picture. We have to have deregulation, and people willing to take the risk to create jobs. Creating jobs in China does not help our economy. Thus we need tariffs to ensure fair and balanced trade, which is part of the Trump agenda.
This whole idea that we are under Obamas economy is a bunch of BS. Obama did nothing, zilch, zero, nada... to balance trade and grow the economy.
Yes, let's be honest. The work to repeal Glass Steagall act started in 1987 under president Reagan. It was sponsored by 3 republic Senators Sen. Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), and Rep. Thomas J. Bliley, Jr. (R, Virginia). It was voted in favor by veto-proof majority. But yeah, totally Bill Clinton fault.Please be honest. The road to the financial crash was put in place by Bill Clinton and his banking deregulation. It was just a matter of time before the system crashed, and GWB "just happened" to be president at the time. GWB did not hand Obama a bad economy, Bill Clinton did.
Obama did nothing to improve the economy. The federal reserve stimulated the economy with low interest rates. However, history shows low interest rates will take the nation only so far.
Trump is working to balance trade and help companies based in the United States be more competitive with fair and balanced trade. Thus helping to create jobs and continue grow the economy past what low interest rates would have carried us.
Please be honest. The road to the financial crash was put in place by Bill Clinton and his banking deregulation. It was just a matter of time before the system crashed, and GWB "just happened" to be president at the time. GWB did not hand Obama a bad economy, Bill Clinton did.
The bail out and low / zero interest rates given to banks by the federal reserve stimulated the economy, not Obama.
If it were not for Trumps protectionist tariffs and tax breaks, the economy would have taken a nose dive a long time ago.
Low interest rates are only part of the picture. We have to have deregulation, and people willing to take the risk to create jobs. Creating jobs in China does not help our economy. Thus we need tariffs to ensure fair and balanced trade, which is part of the Trump agenda.
This whole idea that we are under Obamas economy is a bunch of BS. Obama did nothing, zilch, zero, nada... to balance trade and grow the economy.
Lol Ok. GWB just happened to be there... lol. And if not for trump and protectionism the economy would be nosediving. Lol. Funniest thing I've read in a while. Next you'll say trump deserves some sort of civil rights award or something.
I suppose GWB just happened to be there during 9/11 and he just happened to be there when the costliest war in US history ever was launched, a war we still are fighting today. Or did the Obama start the iraq war too?
If you want to be actually historically accurate, the economy under clinton was doing pretty well pretty much throughout. People got fat, started getting selfish and then voted for Bush. Then the economy sucks, they get hungry and want government to bail them out and then vote for a democrat. Then the economy gets good under the democrat, they get selfish again and vote for a republican who promises to cut their taxes.
Yes, let's be honest. The work to repeal Glass Steagall act started in 1987 under president Reagan. It was sponsored by 3 republic Senators Sen. Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), and Rep. Thomas J. Bliley, Jr. (R, Virginia). It was voted in favor by veto-proof majority. But yeah, totally Bill Clinton fault.
In January 2016, Trump said “we have a president that can’t get anything done so he just keeps signing executive orders all over the place”.The issue with Obama, he did not know how to make deals. That is why he signed so many executive orders rather than getting congress to work together.
In January 2016, Trump said “we have a president that can’t get anything done so he just keeps signing executive orders all over the place”.
7-30-2018
President Trump has signed 77 executive orders since taking office, 11 more than signed by Obama during the same time frame.
You were saying...
Well obviously the right idea is that if you tax the rich less, they will take their profits and raise wages and take care of people they could care less about as well as personally fund public schools, roads and hospitals that they would never be caught dead stepping for in.Welcome back, Texashiker. I strongly encourage you to question what you believe & to re-evaluate, simply because a lot of it really isn't true. I'm not trying to be adversarial in saying that, either.
What's happened to America since 1980 is that a very significant share of national income has shifted away from the lower 75% & into the top 1%. The share of the lower 50% of earners fell by a third, and the share of earners in the 50-75% range fell by a fifth. At the same time, the share of the top 1% doubled to 20%. Mere fact. See table 5-
https://taxfoundation.org/summary-latest-federal-income-tax-data-2015-update
There are a lot of different reasons for that, technological progress being the biggest part of it. It also has to do with our concept of ownership & civic responsibility. The job creators don't see creating jobs as their responsibility, at all, especially out in smaller communities. There's more profit to be had elsewhere. And when automation lets them eliminate a lot of jobs, it just means more profit. They exploit that further in terms of wages. If you don't like that, tough, because there are plenty of guys who'll do it for what they offer. If you think hedge fund management gives a fuck about their employees, you're delusional. If you think trickle down economics has done anything but beat down working people you have it really bad, because the guys at the top put your headset right where they want it.
Meanwhile, taxes at the top are actually very regressive, with people making $60m/yr paying about the same federal tax rate as guys making $85K. That's before the recent round of GOP tax cuts.
As the rich become super-rich, they pay lower taxes. For real. - The Washington Post
What's wrong with America is that we've enabled greed at the to for 40 years. Practically worshipped it. Remember when Trump told us that he doesn't pay federal income tax because he's smart? That's not indicative of him giving a damn about this Country at all.
Ultimately it's not risky unless you need to retire in the next 5-10 years (in which case you already should have shifted most of your assets from stocks to bonds for more security).Yeah, that's the question. I know someone (ironically a Trump supporter too) who sold right after Trump was elected because he was afraid Trump would crash the markets. He lost out on some nice gains. I'm sure there were people who sold after correction early this year too and lost when market went up again. On the other hand whoever sold before 2008 crash and bought 9 months later made out like a bandit.
95% of my money is in some form of stock ETFs/mutual funds. I figure that I have to be aggressive with my investments if I ever want to retire "on time" and in relative comfort, and since I'm relatively young I can afford to be all stocks. However, it does present a lot of risk. Personally I don't fret about market noise, it's just that, noise, if even Trump's antics can't move the markets, then we have to focus on the basics. So I'm focusing on fundamentals. For now I'm staying put, but I'm watching basic economic stats such as yield curves, unemployment rate, hiring, consumer spending, trade numbers, manufacturing numbers, and house sales/construction. If these start slowing down or turn unfavorable, then that would be a signal for me to sell.
Ultimately it's not risky unless you need to retire in the next 5-10 years (in which case you already should have shifted most of your assets from stocks to bonds for more security).
At the end of the day even if you don't sell before the market falls, it will rise again... no doubt about it. If it doesnt rise again, you have FAR more important things to worry about than money and retirement. So consider that.
Trying to time the market - while sounding awesome on paper - is historically difficult.
True to a certain extent...Timing the market is a fool’s errand for a regular person. If someone on here is genuinely able to do it they should quit whatever job they currently have and get into finance because they will make more than enough money to retire in short order with those kinds of skills.
we put an aggie in charge of the banks, we shouldn't have been surprised at what happenedYes, let's be honest. The work to repeal Glass Steagall act started in 1987 under president Reagan. It was sponsored by 3 republic Senators Sen. Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), and Rep. Thomas J. Bliley, Jr. (R, Virginia). It was voted in favor by veto-proof majority. But yeah, totally Bill Clinton fault.
Please be honest. The road to the financial crash was put in place by Bill Clinton and his banking deregulation. It was just a matter of time before the system crashed, and GWB "just happened" to be president at the time. GWB did not hand Obama a bad economy, Bill Clinton did.
The bail out and low / zero interest rates given to banks by the federal reserve stimulated the economy, not Obama.
If it were not for Trumps protectionist tariffs and tax breaks, the economy would have taken a nose dive a long time ago.
Low interest rates are only part of the picture. We have to have deregulation, and people willing to take the risk to create jobs. Creating jobs in China does not help our economy. Thus we need tariffs to ensure fair and balanced trade, which is part of the Trump agenda.
This whole idea that we are under Obamas economy is a bunch of BS. Obama did nothing, zilch, zero, nada... to balance trade and grow the economy.
Lagging wages & asset inflation just make that worse for young families. The collapse of the Ownership Society changed everything-
http://www.cpr.org/news/story/denve...sell-their-houses-the-rents-are-just-too-good
Well obviously the right idea is that if you tax the rich less, they will take their profits and raise wages and take care of people they could care less about as well as personally fund public schools, roads and hospitals that they would never be caught dead stepping for in.