Oso planning to go pro
many have short memories-people made on average up to $5k more. less regulation, lower taxes, median household incomes hit all time high~$66k people could afford stuff, then covid hit
In order to retain employees, wages have risen. Those are permanent increases . Employees don't go backward in wages once raises are made. Material costs have risen and combined with labor there is an inflationary cost spiral. Corporations need to sell their products and services at greater than the cost to produce. From 2017 up until Covid shutdown in 2020 we had an excellent economic environment . Low inflation, Real wage and GDP growth with low interest . Was a winning scenario for Corporations , Their Customers , Consumers , Employees, Pensioners,Homeowners and Renters.
Corporate profits drove 53% of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic, the report found, analyzing Commerce Department data. That’s a massive jump from the four decades prior to the pandemic, when profits drove just 11% of price growth.
The economy is stronger now. If Trump and his cultists were in charge and the exact same economic conditions existed, they'd be calling it The Best Economy Ever.But sure, it was mostly good during his administration, too. That didn't stop him from calling Powell the enemy of the American people and threatening almost daily to fire Powell if he didn't reduce interest rates that didn't need to be reduced during a strong economy.
At the end of the day, the President has very little to do with the economy, for better or worse. The United States will always have a robust economy, with the occasional down cycle, regardless of the party in power. This is due to many reasons that go beyond politics.
Brainwashed fool.
A 10% tariff on any and all imported goods has been proposed, ostensibly to encourage more manufacturing in America. How would this affect your business and your portfolio?
Not speaking to a portfolio, but for business it hurts. Especially something like 10%. Cause realistically, that's a 10% tax on businesses, maybe 5% if you're fortunate enough to be able to pass some of it on.10% isn't enough to shift manufacturing stateside because, even taking out the upfront costs to make a move, the discount for manufacturing abroad is far higher than 10%. So you're not going to enact real change and instead just add a new cost for businesses to bear. Some products/businesses have the room to pass that cost along, but higher up the chain, costs are so tight right now that expecting a 10% increase for the same product to be absorbed is not realistic.
Does anyone own single stocks for dividends? I am all index funds right now but thinking about branching out with some dividend stocks. Just curious if anyone is also doing this.
Plus, do we really have the infrastructure to simply move more manufacturing here? Don't we have a shortage of skilled trades workers?It sounds more like an appeal to what America once was rather than what it should be.
What should it be?
I think by and large it's fine now.But the larger point is that people should stop appealing to the past, but articulate what they think the future should look like.
I don't disagree about looking at the past.I disagree with things are "fine" now. Lots of folks in severe economic hardship across the country through no fault of their own.