Well, Mass is a deep blue state, and its infrastructure is one of the worst in the nation.What do you think a map of that study might look like? Think there might be some correlation to this one?
The Economy (2019?)
- Thread starter rideit
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I'mma gonna guess mortality, obesity and educational maps show similar patterns.What do you think a map of that study might look like? Think there might be some correlation to this one?
"bUt tHE sToCk MarKEt iS at An AlL tIMe hIgH!"
I try to explain economy /= market every day. I don't always succeed with the Brian crowd. They will learn... It's a reason why I max out my tax advantage savings, but am paying down my cars, house full pace with bonuses and extra cash flow. I want to minimize my overhead mandatory demand asap.
Americans Pay for Roughly ‘100 Percent’ of Tariffs: Report | Law & Crime
Based on a working paper authored by economist at the Federal Reserve Bank of New York Mary Amiti, Columbia University professor David E. Weinstein, and Stephen J. Redding of Princeton, the trio’s research concluded that American buyers paid for “approximately 100 percent” of the Trump...
For the math-challenged - that means we paid for ALL of the tariffs. Which is generally how tariffs work.Americans Pay for Roughly ‘100 Percent’ of Tariffs: Report | Law & Crime
Based on a working paper authored by economist at the Federal Reserve Bank of New York Mary Amiti, Columbia University professor David E. Weinstein, and Stephen J. Redding of Princeton, the trio’s research concluded that American buyers paid for “approximately 100 percent” of the Trump...lawandcrime.com
We’re going to pay for all the taxes/penalties levied against the big, bad corporations if Warren or Sanders get elected too. The consumer always shoulders the burden of higher cost of business.For the math-challenged - that means we paid for ALL of the tariffs. Which is generally how tariffs work.
IMO, it’s too early to evaluate the true costs or benefits of the tariffs. They very well may eventually result in tangible benefits for our economy. Short term pain is a given in any trade war and it may take years to see any upside, if it materializes.
Or it could be worse than we ever imagined.
We should get something in return for that, though. Like some semblance of a rational healthcare system?
One would hope.
Trump admits tariffs against China may cause U.S. economic pain
President Donald Trump acknowledged Tuesday his aggressive China trade policies may mean economic pain for Americans but insisted they’re needed for more...
www.marketwatch.com
The large corporations, including financial institutions, need to be broken up over a period of perhaps twenty years in order to allow systems to adjust to the change. Over the same period, insurance, essentially a tax imposed on us all by corporations, should be eliminated.
How is health insurance a tax imposed by corporations? IMO, unburdening businesses completely from healthcare is easiest way to even the playing field for them versus international competition, who doesn’t carry that cost.
Before health care was deemed a ‘human right’ (and I’m not arguing against that concept) health care benefits from business existed as competitive advantage to attract workers. Just like pensions/401k etc. It sweetened the compensation package so how did that become a tax?
I see zero reason why an employer should be responsible for the healthcare of an at-will employee.
Regardless, back to what you quoted of my post, the fact remains: Any influence on the cost of business will always be passed to end consumer.
That’s how business works. It’s not evil but rather a necessity in order to keep the lights on.
Insurance companies are corporations. Like all corporations at this point they are not focused on providing other than minimal value to customers; their main focus is to maximize profit.
Same applies today to corporations in general. Profit maximization is not "a necessity in order to keep the lights on". It's part of the evil inherent in the current system.
growth for the sake of growth.
I disagree re profit.
As long as you aren't crushing souls in its pursuit, there is nothing inherently wrong with it.
I treat my clients great, pay my employees above market rate and do everything possible to maximize profit.
Human nature being what it is, of course there are endless examples of profit chasing gone wrong as Liz and Bernie remind us hourly.
That doesn't mean it's always the case or even the standard and certainly doesn't mean profit=bad.
Both of them have profited well over the years (not a negative in my eyes), unless you're suggesting their wealth was ill-begotten?
Restructuring the health industry and punishing 'corporations' in general are really two separate issues.
I completely agree the health care industry is FUBAR at the moment.
I also think the government running it will continue that tradition but it will at least be an attempt to improve things so I support giving it a go.
yes but when we're talking about for-profit health insurance, "soul crushing" is a metaphor that's surprisingly on point
Yep - it's kind of unfortunate that we had to get to this point (things being completely FUBAR) before recognizing that something needed to be done.
Agreed.
Having grown up in one of those commie countries that has government provided healthcare, it's not perfect. But at the same time you're not going to lose your house if you have to walk into the emergency room and you don't need half a mill saved for retirement just towards being able to afford healthcare as you age out into fertilizer.
To be completely honest, if I didn't have to worry about covering my health insurance from today until age 65, I'd be retired NOW. Even with kids in college.
Can't always suck to be living in Canaderp.
capitalism, u so crazy!
re: health insurance...fuck saving for that shit to stretch it all out. i have no qualms about lights-outing myself as soon as quality of life is gone. hopefully that can become a less stigmatized option in the future. the whole boomer generation spending billions trying milk out that stupidly-expensive extra few months of life in a hospital bed is fucking terrible.
My family jokes about an eskimo funeral for me.
Just push me out into the atlantic on a hunk of ice with a bottle of bourbon and a handgun.
Works for me, other than fact I suspect timing will be related more to my insurance policy than general health.
But what if you suffer a stroke and aren't physically able to off yourself...?
My desire for after death disposal is to be trussed up naked like an Incan mummy, dropped into a pit, and have a burr oak planted above, no other marker.
In another world:
washingtonmonthly.com
In another world:
Why We Started Paying Our Interns | Washington Monthly
It all began with a disastrous job interview.
washingtonmonthly.com
I ran the numbers that retiring at 60, which is later than wanted, will require and additional $150k+ in today's dollars for us to make it to Medicare at 65, given my need for expensive drugs. That's a painfully large amount when our walkaway could be realistic by then. We'd likely have to leave the country to be able to afford our healthcare costs to retire that early.To be completely honest, if I didn't have to worry about covering my health insurance from today until age 65, I'd be retired NOW. Even with kids in college.
Earnings Are Set to Drop Again. Investors Seem Fine With That https://www.bloomberg.com/news/articles/2020-01-11/earnings-anguish-at-saturation-point-amid-signs-of-a-bottoming
Nothing to see here. Don't worry, move along.
Nothing to see here. Don't worry, move along.
If you can give me about 48 hrs head's up before the impending crash, that would bre great. Kthx.
Low unemployment isn’t worth much if the jobs barely pay
We should look at individuals—not national averages—as the unit of analysis, and ask: Are wages adequate for full-time workers?
www.brookings.edu
That just means so many more opportunities for bootstrap pulling!Low unemployment isn’t worth much if the jobs barely pay
We should look at individuals—not national averages—as the unit of analysis, and ask: Are wages adequate for full-time workers?
Something......something......stock market........something......
WOW! That's a weird coincidence. The article was on Bloomberg and there is a Michael Bloomberg running for president. Any relation here?
The market is always and will always hit peaks & valleys, just as the real estate market. Can't always have the steady climb, though it would be really nice if it worked that way. However it doesn't.
The Next Recession Won't Be Triggered by a Housing Market Crash: Economist
The Fed's recession risk model has downgraded, but this economist says record consumer credit and household debt will crash the economy soon.
www.ccn.com
I'm at a complete fucking loss here. That's pulled off raw financial data. In any rational financial market, two quarters of dropping earnings would be reason for concern and you would expect to see slowdown.WOW! That's a weird coincidence. The article was on Bloomberg and there is a Michael Bloomberg running for president. Any relation here?
You might be older than me and have gone through one more market cycle with the tech bubble than me, but I eat, breathe, and sleep this shit. Not even at the financial advisor down the street way, coming from working at Bloomberg where my clients were investment banks and hedge funds to then going to the investment bank.
This is NOT FUCKING NORMAL when this goes, and it will, it won't be like 2008. In the financial markets in 2008, the banks themselves took the hits and in large part got extensive loans from the Fed to support them while the credit swaps and mtge bonds settled. There will be none of that - the people holding stock positions are in majority, retail investors. Boomers being the largest portion of those by a very large amount.
We are going farther and farther over a precipice with no justification the growth. A huge portion of the earnings in 2017/18 we're based solely on stock buybacks. If you don't know what those are, I put an educational video up above a few weeks ago. Last year we saw heavy cuts to company expenses and automation with layoffs in manufacturing driving earnings by lowering costs to adjust for lower revenues.
This stock market growth is not built on a sustainable base. When there is nothing left to cut, no more shares to buyback (they've slowed down substantially), and the revenues reduce to the point they can't be hidden in cost cutting, it will be a damn spotlight that the king has no clothes on - where the king is the market.
While there is incredibly lower unemployment, wage growth is sitting below inflation last time I checked. That means people's money is worth less than how much prices are going up. There is a threshold point when people stop buying discretionary goods because they are struggling to buy staples. The tariffs have been taken on 100% by the US populace, meaning that we (as a whole) have less money to spend, pushing that point closer, faster.
I might not like Trump, but this is basic fucking economics; the stock market is not the economy. A better indicator is the bond market and it's been cooling down a lot over the last 6 months. Your rose colored glasses loving Trump are blinding you from raw economic data that is throwing red flags and blowing whistles like a 4y/o with one.
