it'll be nice to know we spent 1.5t of potential future stimulus on propping up the tenth year of this business cycle to get good numbers for trump
― officer sonny bonds, lytton pd (mayor jingleberries), Wednesday, 9 May 2018 15:13 (six years ago) link
happy may day 2018!
when was the last time the dow jones industrial stalled for four months straight after the latest biggest republican income tax cut in US history?
― reggie (qualmsley), Tuesday, May 1, 2018 9:21 AM (one week ago) Bookmark Flag Post Permalink
tbf, the market is up 20% since Trump took office. Some of that is probably attributable to the fact that the market anticipated the tax cuts plus more, and we're now stalled out because there's no "plus more." But you can't really say the Trump stock market has been bad so far.
― Fedora Dostoyevsky (man alive), Wednesday, 9 May 2018 15:30 (six years ago) link
I've actually rad that the millenials are prine to nicks and cust in the genital area from to much shaving - flatbush and donger
― Rabbit Control (Latham Green), Wednesday, 9 May 2018 16:16 (six years ago) link
http://money.cnn.com/2018/06/14/news/economy/trump-china-tariffs/index.html
― sleeve, Friday, 15 June 2018 03:18 (five years ago) link
yippe kay ay
https://www.nytimes.com/2018/06/25/business/what-is-yield-curve-recession-prediction.html
― global tetrahedron, Tuesday, 26 June 2018 13:59 (five years ago) link
Trump's economic policies whims are preposterously erratic and self-contradictory. It's like he's deliberately trying to stampede the herd.
― A is for (Aimless), Tuesday, 26 June 2018 17:45 (five years ago) link
Cool that the real economy that was essentially humming along despite this motherfucker is going to start choking on tarrifs
― devops mom (silby), Tuesday, 26 June 2018 17:46 (five years ago) link
I guess we get to find out if feigned toughness towards our trade partners is a potent enough pose to offset the damage done by plunging the country into any unnecessary recession.
― Mario Meatwagon (Moodles), Tuesday, 26 June 2018 17:50 (five years ago) link
The toughness is feigned, but the tariffs involve real honest-to-god money.
― A is for (Aimless), Tuesday, 26 June 2018 18:23 (five years ago) link
Incredibly, Trump's opinions on tariffs are amongst the most unsophisticated opinions that he has.
― Joe Gargan (dandydonweiner), Tuesday, 26 June 2018 18:32 (five years ago) link
wait that implies that he has any sophisticated opinions at all
no it doesn't
― scopin' VARs (Sufjan Grafton), Tuesday, 26 June 2018 18:35 (five years ago) link
Is there anyone behind these tariffs other than Trump? Wilbur Ross or someone like that? Steve Mnuchin? Who the fuck is even left in his administration anymore?
― Fedora Dostoyevsky (man alive), Tuesday, 26 June 2018 20:18 (five years ago) link
I mean is this literally just Trump's own harebrained scheme?
I'm sure someone who knows what a percentage is is helping him pick numbers
― devops mom (silby), Tuesday, 26 June 2018 20:22 (five years ago) link
Trump makes 'decisions' the way a hungry stoner shops for groceries. Except millions of people pay for it when he decides that buying a case of Cadbury eggs is an amazing way to demolish his paycheck.
― A Frankenstein + A Dracula + A Mummy That's Been Werewolfed (Old Lunch), Tuesday, 26 June 2018 21:43 (five years ago) link
63,000 open trucking jobs
― devops mom (silby), Thursday, 28 June 2018 18:18 (five years ago) link
^ not exactly a "shitbin" indicator but it's kind of wild.
― devops mom (silby), Thursday, 28 June 2018 18:19 (five years ago) link
handbasket seats vacant one stop before hell
― aloha darkness my old friend (katherine), Thursday, 28 June 2018 18:20 (five years ago) link
idg that yield curve post, yield curve inverting is a leading indicator it's only flattened now
― flopson, Thursday, 28 June 2018 18:23 (five years ago) link
I think the concern is that the teeter might totter.
― Josh in Chicago, Thursday, 28 June 2018 18:27 (five years ago) link
i don't think flattening is a leading indicator tho
― flopson, Thursday, 28 June 2018 18:30 (five years ago) link
What kind of an indicator is the 87,000+ people on LinkedIn referring to themselves as "thought leaders"?
― Joe Gargan (dandydonweiner), Thursday, 28 June 2018 20:29 (five years ago) link
meme infection indicator?
― A is for (Aimless), Thursday, 28 June 2018 20:31 (five years ago) link
I miss the days of the beginning of this shitbin thread where I had some semblance of an idea on how the economy worked. Now its all just endless sock market gains.
― officer sonny bonds, lytton pd (mayor jingleberries), Thursday, 28 June 2018 21:33 (five years ago) link
The actual economy seems to anecdotally be fairly strong depending on where you are, unemployment is low, people are spending money on stuff, more of them have health insurance, the minimum wage is higher in multiple cities and states. Tech startups are the preferred speculative bubble of the coke-fueled investor class right now, and that generates gentrification and real estate speculation as an externality, but man maybe like…stock market gains are tracking with the real economy??
― devops mom (silby), Thursday, 28 June 2018 21:44 (five years ago) link
NB: I don’t know a damn thing
lol nope
― maura, Thursday, 28 June 2018 21:47 (five years ago) link
i mean those gains aren't tracking with the real economy, although a lot of smoke and mirrors are being used to make one think it might be
I can well believe that
― devops mom (silby), Thursday, 28 June 2018 21:50 (five years ago) link
I don't know, my impression is that macro economic indicators - hiring/employment/spending/profits/corporate earnings, etc. - are strong. What's not strong are wages, debt is high, income inequality is terrible and getting worse, health care costs are rising, etc. I suppose the question is how to join those two threads. Toss in a flat market following years of sustained growth and record highs, the general instability of trade/politics and the like, and I think people who know are nervous. And yet, it's unclear what to do with that uncertainty. It's like the entire US economy is holding its breath.
― Josh in Chicago, Thursday, 28 June 2018 21:56 (five years ago) link
smoke and mirrors are essential parts of the economy
― Hazy Maze Cave (Adam Bruneau), Thursday, 28 June 2018 21:56 (five years ago) link
Shell game for sure.
― Josh in Chicago, Thursday, 28 June 2018 21:57 (five years ago) link
smoke and mirrors are essential parts of the economy― Hazy Maze Cave (Adam Bruneau), Thursday, June 28, 2018 9:56 PM (sixteen minutes ago) Bookmark Flag Post Permalink
― Hazy Maze Cave (Adam Bruneau), Thursday, June 28, 2018 9:56 PM (sixteen minutes ago) Bookmark Flag Post Permalink
hah I feel the same way when people talk about 'waste' in the insurance and heathcare industries. if it was a totally efficient system there'd be hundreds of thousands of layoffs.
― officer sonny bonds, lytton pd (mayor jingleberries), Thursday, 28 June 2018 22:14 (five years ago) link
yeah I mean everybody knows most of the white collar workforce doesn't do anything important
― devops mom (silby), Thursday, 28 June 2018 22:15 (five years ago) link
Don't tell that to the GOP, they'll try to shrink the size of government.
― Josh in Chicago, Thursday, 28 June 2018 22:31 (five years ago) link
https://res.cloudinary.com/s8/image/fetch/c_scale,d_missing_imx2hb.png,f_auto,q_auto,w_350/https://cdn.waterstones.com/bookjackets/large/9780/2412/9780241263884.jpg
― mookieproof, Thursday, 28 June 2018 22:57 (five years ago) link
ayo Im a paralegal I resemble this remark. well my added value to this place is do things that people who charge $450-$800/hr shouldn't be doing.
yeah I mean everybody knows most of the white collar workforce doesn't do anything important― devops mom (silby), Thursday, June 28, 2018 10:15 PM (forty-seven minutes ago) Bookmark Flag Post Permalink
― devops mom (silby), Thursday, June 28, 2018 10:15 PM (forty-seven minutes ago) Bookmark Flag Post Permalink
― officer sonny bonds, lytton pd (mayor jingleberries), Thursday, 28 June 2018 23:04 (five years ago) link
The big tax cut bill the R's rammed through now allows megacorporations to repatriate nearly a trillion in profits currently parked overseas at heavily discounted tax rates. The supposed idea was they'd invest it in US expansion and employees, but the open secret is that they'd be more likely to use it for massive stock buy-backs to inflate their stock prices -- and possibly absorb a lot of executives' stock options getting cashed out.
My imagination wonders if, after the big stock buybacks happen at bubble prices, the market will crash and all those corporate profits get turned into dust and ashes.
― A is for (Aimless), Thursday, 28 June 2018 23:45 (five years ago) link
If you look at the market for the time pre 09/2008 until now, yeah smoke and mirrors. Nothing drastically changed with the broader market after the election except that a criminal got elected and people decided to stop caring even more about fundamentals. Oddly enough gold has stayed really wishy washy this year.
― Yerac, Friday, 29 June 2018 07:56 (five years ago) link
I am dying for the market to crash. Sorry. But it's super inflated right now and it's not healthy for anyone longterm.
― Yerac, Friday, 29 June 2018 07:57 (five years ago) link
The current unemployment rate is 3.8! TRUST ME, we’re not having a recession any time soon. And we should all be very very thankful for that.
― Mr. Snrub, Friday, 29 June 2018 09:51 (five years ago) link
I’m certainly making no significant investments anytime soon.
― Jeff, Friday, 29 June 2018 10:04 (five years ago) link
From a strictly cut and dry investment perspective, market "corrections" are actually good for the portfolio if - and this is important - you're relatively young, or at least nowhere near retirement age. The market will (historically) eventually rise back up, and funds/401Ks and the like in particular will have snagged a whole bunch of stuff at fire sale (or, you know, recession) prices. The people who really get screwed are the ones the need their money *now*, people about to cash out or who have cash flow issues and suddenly learn their investments are worth half as much as they were. So yeah, obviously it's more important to have enough cash/liquidity to carry you through hard times, to pay the rent/bills/food. That's the first luxury. But on average investing long-term is still the best tried and true method of generating wealth, smoke and mirrors and all. Isn't that what they call the Rule of 72?
― Josh in Chicago, Friday, 29 June 2018 12:38 (five years ago) link
I mean it goes without saying that *if* you are worried about your 401k or IRA right now at these high levels you can always redistribute your 401k into something less equity heavy for the near term and if you have an IRA at a regular brokerage you could always start moving to cash. But if you don't care or need the money anytime soon, hey let it ride. But yeah a lot in in the market is expensive. I don't know how individual buyers feel safe buying up there. But besides the overnight crash when Trump got elected there really hasn't been any real pull back besides one off days. It's stupid. Nothing matters.
― Yerac, Friday, 29 June 2018 13:59 (five years ago) link
Yes, I mean I wouldn’t touch my current investments or stop normal contributions. Just nothing new and significant.
― Jeff, Friday, 29 June 2018 13:59 (five years ago) link
"what are these mysterious luxuries you call 'investments'" - the entire millennial generation
― aloha darkness my old friend (katherine), Friday, 29 June 2018 14:02 (five years ago) link
i would look at the quality of employment rolled into that rate mr. shrub before making any grand proclamations (and yes, i thought this throughout the obama years as well)
― maura, Friday, 29 June 2018 14:53 (five years ago) link
Flat market is just as worrying, sometimes, as downs. It's like being stuck at the top of a rollercoaster. Nobody knows anything.
― Josh in Chicago, Friday, 29 June 2018 15:06 (five years ago) link
The market could also just stagnate for years, it's happened before
― Fedora Dostoyevsky (man alive), Friday, 29 June 2018 15:13 (five years ago) link