July 9, 20186 yr I dunno, employers are just adamant about not raising wages under any circumstance. God forbid they pay what the market dictates. They can resist for a while. But the market cannot be resisted forever. Of course, they can try to exit or change the stage of the market (outsourcing, shipping jobs overseas), but that's getting harder than people think simply because emerging markets also aren't as cheap as they used to be. China, in particular, is nowhere near as cheap a place to do business as it used to be. Vietnam and Africa are the new "China." But I assume that even these places will get more expensive too.
July 9, 20186 yr The difference is that China, AFAIK, has a much greater infrastructure to support manufacturing, not just manpower. Power. Water. Internal transportation. Ports. Though perhaps I need to go check in on China and Southeast Asia more, I'm sure they've been working on building their infrastructure up, too.
July 9, 20186 yr I dunno, employers are just adamant about not raising wages under any circumstance. God forbid they pay what the market dictates. They can resist for a while. But the market cannot be resisted forever. Of course, they can try to exit or change the stage of the market (outsourcing, shipping jobs overseas), but that's getting harder than people think simply because emerging markets also aren't as cheap as they used to be. China, in particular, is nowhere near as cheap a place to do business as it used to be. In some cases, they can also try to leverage their sob stories into tax-payer subsidies.
August 14, 20186 yr US economy in trouble -- CBO says GDP growth will slow for rest of year and crater in 2019. Slowdown is direct result of Trump policies https://t.co/Tnpad9Qbh3 "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 14, 20186 yr US economy in trouble -- CBO says GDP growth will slow for rest of year and crater in 2019. Slowdown is direct result of Trump policies https://t.co/Tnpad9Qbh3 That's not what the article said, at all. The 2019 projection of 2.4% still holds true. And that decline from 3.3% is due to Trump's asinine trade policies, but no where in there does it say the economy is projected to crater.
August 14, 20186 yr Slowdown doesn't = crater "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 14, 20186 yr Oh yeah, so it did. From a tweet. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 14, 20186 yr US economy in trouble -- CBO says GDP growth will slow for rest of year and crater in 2019. Slowdown is direct result of Trump policies https://t.co/Tnpad9Qbh3 That's not what the article said, at all. The 2019 projection of 2.4% still holds true. And that decline from 3.3% is due to Trump's asinine trade policies, but no where in there does it say the economy is projected to crater. More unvetted tweets!
August 14, 20186 yr The economy may not crater in 2019, but does it matter? -- most workers are already in the crater. After adjusting for inflation, however, today’s average hourly wage has just about the same purchasing power it did in 1978 . . . . http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
August 14, 20186 yr I chuckle at reports that the economy might crash soon. It's like, have you been outside? The economy crashed so long ago there's trees growing out of it.
August 14, 20186 yr I chuckle at reports that the economy might crash soon. It's like, have you been outside? The economy crashed so long ago there's trees growing out of it. Because it could never happen again, right? This time it won't be subprime mortgages but a toxic mix of flat incomes, massive student loan defaults, and overvalued collateral. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 14, 20186 yr don't forget all the corp debt issued to bail out from the last recession....that money needs to come from somewhere
August 17, 20186 yr U.S. consumer sentiment unexpectedly fell to the lowest level in almost a year amid less favorable views on purchasing big-ticket items and persistent concerns about trade tensions, a University of Michigan report showed. http://www.crainscleveland.com/government/us-consumer-sentiment-declines-lowest-level-almost-year "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 18, 20186 yr In America, wage growth is getting wiped out entirely by inflation http://www.chicagotribune.com/business/ct-biz-wages-inflation-20180810-story.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 2, 20186 yr Amazon to Raise Minimum Hourly Wage to $15 for All U.S. Workers Image https://www.nytimes.com/2018/10/02/business/amazon-minimum-wage.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 2, 20186 yr Am I the only one who thinks the Amazon wage increase will be offset by less available positions after the holiday season?
October 2, 20186 yr Amazon to Raise Minimum Hourly Wage to $15 for All U.S. Workers Image https://www.nytimes.com/2018/10/02/business/amazon-minimum-wage.html This seems like a pretty big deal for the Cleveland area (and I assume the rest of Ohio).
October 2, 20186 yr It still sucks to work there and $15 an hour isn't that much. Minimum wage between midnight and 6 am should be $25 an hour to discourage those hours.
October 2, 20186 yr Amazon to Raise Minimum Hourly Wage to $15 for All U.S. Workers Image https://www.nytimes.com/2018/10/02/business/amazon-minimum-wage.html This seems like a pretty big deal for the Cleveland area (and I assume the rest of Ohio). I think this is a good move by Amazon and they should be commended for it. But they still have some improvements they could do for their working conditions. I also like that Bezos is calling on others to raise their minimum wage.
October 2, 20186 yr It still sucks to work there and $15 an hour isn't that much. Minimum wage between midnight and 6 am should be $25 an hour to discourage those hours. Encourage*?
October 2, 20186 yr For work that Actually, Really, Truly does need done at those times, sure. It would discourage no-shows -- which are a chronic problem during those hours.
October 12, 20186 yr I'm waiting until Summer 2019 to really put some money into the market (still continuing my steady bi-weekly 401k deduction just in case I'm off). My bet is that by then the market will have bottomed out due to all backlash from the disastrous Republican taxing decisions combined with the trade war fallout hopefully hitting its peak. "Someone is sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett
October 12, 20186 yr I am continuing my normal contributions in my retirement accounts and my kids' college funds. But I have some cash I've been keeping on the sideline just waiting for either the stock market to decline or for housing to decline. Either a big stock purchase or an income property. We'll see. Edited October 12, 20186 yr by freefourur
October 12, 20186 yr I pulled all of my money out of the market until things settle down. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 12, 20186 yr 1 hour ago, KJP said: I pulled all of my money out of the market until things settle down. You missed, like, 2% gains today. Very Stable Genius
October 13, 20186 yr I did. And I'll accept that until the market stabilizes. September is usually a bad month for the stock market and it was again this year, especially in tech. So if this is a short-term correction like the one in February, then I'll be back in again soon. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 13, 20186 yr 20 hours ago, KJP said: I pulled all of my money out of the market until things settle down. A decent strategy in this case is to pick a price at which you're willing to get back in, and then short puts at that price. If the stock (or index) declines to your price, you get in at your price. If it doesn't, you pocket whatever you sold the puts for. It saves having to watch the market constantly. Remember: It's the Year of the Snake
October 13, 20186 yr Unless you enjoy watching the market constantly, which I do. ? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 16, 20186 yr I got back into the stock market this morning, although not all the way. Glad I dipped in my toe; but wished I had jumped in! "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 16, 20186 yr You can't time the market. And to do it successfully, you need to be right twice. Very Stable Genius
October 16, 20186 yr Just now, freefourur said: ^ this is why investing in index funds long term beats professionals. http://fortune.com/2017/12/30/warren-buffett-million-dollar-bet/ Quote In 2007, Warren Buffett bet a million dollars that an index fund would outperform a collection of hedge funds over the course of 10 years. This week he won that bet, but the big winner in the wager is a charity called Girls Inc. When he placed the bet a decade ago Buffett said he would hand over any proceeds from the victory to charity. The charity he chose was his local Girls Inc. affiliate, The Wall Street Journal reports. The charity provides after-school care as well as summer programs for girls ages 5 to 18. Buffett officially “won” the wager on Friday, but said throughout 2017 that he was confident that he would win. Over the course of the bet the S&P 500 index fund returned 7.1% compounded annually, significantly more than the basket of funds selected by an asset manager at Protégé Partners. That basket only returned an average of 2.2%. Warren Buffett's instructions for his kids (or whoever ends up managing his money after he dies) - 90% S&P 500 index, 10% in 10-year U.S. Treasuries. Very Stable Genius
October 16, 20186 yr Just now, freefourur said: ^ this is why investing in index funds long term beats professionals. Not trying to invest long term right now. I'm just playing because it's fun. Well, mostly fun. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 23, 20186 yr Another rough day on the stock market. The tariffs are taking their toll. I'm sure we will start winning the trade war soon.
October 23, 20186 yr Just now, freefourur said: Another rough day on the stock market. The tariffs are taking their toll. I'm sure we will start winning the trade war soon. Isn't Trump's go-to line, "How's your 401k doing?" Not good, dude. Very Stable Genius
October 23, 20186 yr Just now, DarkandStormy said: Isn't Trump's go-to line, "How's your 401k doing?" Not good, dude. Now he'll just say that the stock market is not the economy. His hardcore supporters aren't smart enough to see that the emperor is not wearing clothes.
October 24, 20186 yr So one-fourth of my money was in equities and the rest in cash until yesterday afternoon. I took half of money out of cash yesterday and put it into equities, thinking maybe we were past the worst of this correction. Oops. I saw the charts this morning and dumped everything before things got worse. Nasdaq is now down 3.5 percent! S&P and Dow are also way down. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 24, 20186 yr On 10/23/2018 at 11:47 AM, freefourur said: Now he'll just say that the stock market is not the economy. His hardcore supporters aren't smart enough to see that the emperor is not wearing clothes. It's really not though. I'm glad when anyone is saying that, even if it's Trump.
October 24, 20186 yr ^ he tries to have it both ways. That's why I dont give him credit for saying it.
October 25, 20186 yr Trump tries to have it both ways on basically everything. Just put out two contradictory statements and then point to whichever one is more convenient in any given situation, like "this is what I've been saying all along." It's one of his key strategies.
October 29, 20186 yr What a day on the stock market today. The DOW started up about 300 points and is now down 350 points. The tax cut is working.
October 29, 20186 yr Just now, freefourur said: What a day on the stock market today. The DOW started up about 300 points and is now down 350 points. The tax cut is working. https://finance.yahoo.com/news/stocks-drop-report-us-impose-tariffs-china-192444181.html Quote Stocks drop on report US could impose more tariffs on China Edited October 29, 20186 yr by DarkandStormy Very Stable Genius
October 29, 20186 yr And yes, I've continued to stay out this market despite my desire to do some bargain hunting. I was reading a stock trading forum this morning and read too many comments that today would probably start out well but then take a plunge in the afternoon. I want to know how people know that. They got it right today. EDIT: the same people said they were staying away from the market for a while. They still think the DOW is headed for the same correction that NASDAQ has entered. Edited October 29, 20186 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 29, 20186 yr My gut feeling is that the stock market still has a fair amount of down left in it. If you're a consistent investor just keep putting in your regular amount and you'll do plenty well. We're going to hold on to a little cash we've accumulated until I feel like the market has hit bottom some time mid next year. We're hedging our bets by doing the regular 401K payroll deduction in case I'm wrong. "Someone is sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett
October 31, 20186 yr I'm just glad this October is over (Apple earnings tomorrow). What a mess, very reminiscent of the large drops after the first quarterly earning reports this year - and those weren't bad either despite the large-scale fluctuations during and after. A good balance of owning tech stocks, Dow 30, mutual funds (let's say Blackrock to be conservative), fully funded Roth IRA and 401k,, and above all PROPERTY, and you should be in decent shape. Unless you look at international bonds, meh, I wouldn't bother holding money there.
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