Oooops, there goes the DOW

lotstodo

aka "The Jackal"
#3
The yield curve inverted. This is historically a 100% accurate recession signal. But....

I believe that the bond situation is being led by trade fears, not recession fears, and bonds are attracting a ton of equity cash. I look for 10 year treasury yields to turn negative within a month if Trump doesn't STFU.
 
#4
Nothing would thrill the left more than an economic downturn and Yes, we're hitting a few bumps in the road right now which hurts Trump and helps democrats. But Democrats have already promised to raise your taxes and promised to roll back many of Trump's policies.

The way I see it, folks would be wise to manage their finances, especially debt right now. As this market continues to pull back, which may be for some time, it would also be wise to put a more money into bonds and attempt to capture some better pricing when the markets go lower.
 

lotstodo

aka "The Jackal"
#9
No crickets here. Dow has nothing to do with the real economy, and is reacting to geopolitical and Central Bank cues instead of fundamentals. Hint: fundamentals always win in the end.
There are plenty of forward looking indicators that are screaming recession. It will happen soon enough, and this market volotility is not out of character for a late stage equity bubble.
 

J-man

This post will self-destruct in 5, 4, 3, 2, 1....
Staff member
#11
As
No crickets here. Dow has nothing to do with the real economy, and is reacting to geopolitical and Central Bank cues instead of fundamentals. Hint: fundamentals always win in the end.
There are plenty of forward looking indicators that are screaming recession. It will happen soon enough, and this market volotility is not out of character for a late stage equity bubble.
As you know, economies run in cycles and never in one direction long. The trick is to not panic during change and make money in both directions.
 

Boss 302

Pursuit Driver
#12
One of the problems people still face is full-time employment. More people are working two part-time jobs now than 50 years ago. The cause of this is Obamacare. Many companies are not hiring people to work full-time because of the cost of providing health care insurance for them went up under Obamacare. Target is hiring only part-time at $13 an hour and Walmart part-time at $12 an hour, but are saving a ton by not providing benefits. All the liberals think these two employers are great because of what they're paying, but it's not that great when you're only part-time and want a full-time job.

Job growth has increased in large numbers over the last three years, but wages haven't increased all that much. Employers who are hiring full-time are not increasing wages much because of the cost of providing health care benefits. Before Obamacare, employers could split the cost of premiums with employees 50/50. Now the employer has to pay most of it while the employee only pays 10% of their paycheck towards it. Premiums also went up after Obamacare was signed into law. The insurance companies took advantage of Obamacare by increasing premiums, co-pays, and annual deductibles.

Eliminate Obamacare and reform health care to more like it was back before the Carter administration, and we will see more full-time job growth and wages increasing.
 

Far West

Honolii Beach
#13
One of the problems people still face is full-time employment. More people are working two part-time jobs now than 50 years ago. The cause of this is Obamacare. Many companies are not hiring people to work full-time because of the cost of providing health care insurance for them went up under Obamacare.

Eliminate Obamacare and reform health care to more like it was back before the Carter administration, and we will see more full-time job growth and wages increasing.
Yep.

I have a security guard who works nights for us.

He was poached by another company to work nights for them, offering more money. He basically said if we paid him the same he would stay.

We also use a security company who will provide a guard for us if someone calls in sick, we need more coverage, or we can't find the right person to hire. I pay $19.90 an hour for the security company to provide someone.

When I went to the owners, and said I would like to keep him, and increase his pay (which was more than $5 below below the security company cost of $19.90 an hour,) they basically said, when we use the security company we have no other obligations like healthcare, state and federal taxes workers comp and the rest so that costs us less.
 
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