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Wed Apr 24, 2019, 12:03 AM

good economy fact or fiction?

I think the economy is getting bad. Stores closing every day gas prices spiking
car sales way down. I am a business owner and I am not buying it.

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Response to larwdem (Original post)

Wed Apr 24, 2019, 12:09 AM

1. Boomers are retiring so jobs are opening up. High employment used to mean

rising wages but with anti union activity, globalism and automation wages are not rising. Wages not rising means inflation is not rising. So booms can go on longer. But booms for who is the question.

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Response to larwdem (Original post)

Wed Apr 24, 2019, 12:11 AM

2. There's no doubt a good bit of hype around the economy

Most of it from Cheeto and the GOPee, sure.

But another factor behind the hype is Wall Street.

They're happy with Cheeto's laissez-faire-for-us-police-state-for-the rabble approach, and for them cajoling Big Media into spinning things their way is almost second nature.

The reality on the economy, as you pointed out, is a lot more nuanced.

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Response to larwdem (Original post)

Wed Apr 24, 2019, 02:53 AM

3. Red Don et al took the regulations away, of course the economy is over heating. Watch DOW...

... for next two weeks should show a triple top (a high hit 3 times) and a run past that high around 5% if its going to go up.

The last 2 times that run up failed and the DOW "adjusted" ... yes, twice in less than 10 years ... "adjusted" my ass.

These bastards

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Response to larwdem (Original post)

Wed Apr 24, 2019, 04:20 AM

4. "good" for whom?

it probably feels pretty good right now if you're a big-time corporation, or a stock market investor.

If you're a small business owner or one or the other of 1) a participant in the "gig economy" model or 2) an average exploited worker who is busting ass harder than ever and yet struggling to keep up with debt, etc., then you may have a different perspective.

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Response to larwdem (Original post)

Wed Apr 24, 2019, 05:22 AM

5. The stock market is a mystery. I still think the Orange King is manipulating the market with

his words and deregulation. He tweets negatively about a company and their stock plummets. Fat cats buy. Then Don "revises" his previous statement. Stock goes up. Rinse and repeat.

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