Economy is roaring

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Is part of the strength of the stock market Trump's complete dismantling of environmental regulations? Because if that's the case then he should get some 'credit'.


Reducing immigration. That caused wages to rise


[url]https://www.pewresearch.org/fact-tank/2019/06/12/5-facts-about-illegal-immigration-in-the-u-s/[google]

Illegall immigration has been falling since 2010. Wage growth has surpassed inflation for low wage workers only in the last 6 months.



Thank you Mr. Trump.

+1 My fear is that the Dems will succeed in seating a "give, give, give" socialist-type president and bring everything to a halt. I predict the market will drop by 20% within months after a Warren or Sanders gets elected, businesses will slow down hiring, unemployment will start creeping back up, and wage growth will cease.

I'm not sure how to play it, personally. Probably a topic for the financial forum, but I could either move largely into cash as we approach the election, thereby avoiding a big loss should a socialist Dem win, but also not enjoying the relief rally should Trump be re-elected. My sense is that if the economy is still this strong going into the summer, a Trump win will already be baked in (meaning that a surprise Dem upset will bring on an even bigger crash).

Unless you are planning to cash out after the election, I would stay in. Long term is not going to be a big problem. You overestimate the changes that will occur.

Thanks for the feedback. I actually am managing two portfolios: mine, which, as you say, should be fine for the long term, but I am also managing my 91-year-old mother's, whose "long-term" isn't, realistically speaking, all that long-term. So I might stay the course for my own, but move more into cash for my mother in the event a socialist Democrat wins. We cannot afford for her to absorb a crash, just as she is now in her expensive care years. Right now we have her 60% cash, 40% stocks. We might move more over to cash in the upcoming months.

Here's my additional thinking: If Biden is the nominee, it's not as critical because he's actually moderate. But if it's Sanders, there's a real risk, and it's cash out time (for mom).

[Anonymous]

Economy ain’t roaring for the 2800 workers just laid off in Wichita because of the Boeing fiasco.

https://www.cbsnews.com/news/boeing-737-max-supplier-spirit-aerosystems-laying-off-2800-employees/

[Anonymous]

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Is part of the strength of the stock market Trump's complete dismantling of environmental regulations? Because if that's the case then he should get some 'credit'.


Reducing immigration. That caused wages to rise


[url]https://www.pewresearch.org/fact-tank/2019/06/12/5-facts-about-illegal-immigration-in-the-u-s/[google]

Illegall immigration has been falling since 2010. Wage growth has surpassed inflation for low wage workers only in the last 6 months.



Thank you Mr. Trump.

+1 My fear is that the Dems will succeed in seating a "give, give, give" socialist-type president and bring everything to a halt. I predict the market will drop by 20% within months after a Warren or Sanders gets elected, businesses will slow down hiring, unemployment will start creeping back up, and wage growth will cease.

I'm not sure how to play it, personally. Probably a topic for the financial forum, but I could either move largely into cash as we approach the election, thereby avoiding a big loss should a socialist Dem win, but also not enjoying the relief rally should Trump be re-elected. My sense is that if the economy is still this strong going into the summer, a Trump win will already be baked in (meaning that a surprise Dem upset will bring on an even bigger crash).


Unless you are planning to cash out after the election, I would stay in. Long term is not going to be a big problem. You overestimate the changes that will occur.

Thanks for the feedback. I actually am managing two portfolios: mine, which, as you say, should be fine for the long term, but I am also managing my 91-year-old mother's, whose "long-term" isn't, realistically speaking, all that long-term. So I might stay the course for my own, but move more into cash for my mother in the event a socialist Democrat wins. We cannot afford for her to absorb a crash, just as she is now in her expensive care years. Right now we have her 60% cash, 40% stocks. We might move more over to cash in the upcoming months.

Here's my additional thinking: If Biden is the nominee, it's not as critical because he's actually moderate. But if it's Sanders, there's a real risk, and it's cash out time (for mom).

Frankly I would wait to see if the Senate changes. If Senate is still R, it doesn't matter who is president.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Is part of the strength of the stock market Trump's complete dismantling of environmental regulations? Because if that's the case then he should get some 'credit'.


Reducing immigration. That caused wages to rise


[url]https://www.pewresearch.org/fact-tank/2019/06/12/5-facts-about-illegal-immigration-in-the-u-s/[google]

Illegall immigration has been falling since 2010. Wage growth has surpassed inflation for low wage workers only in the last 6 months.



Thank you Mr. Trump.

+1 My fear is that the Dems will succeed in seating a "give, give, give" socialist-type president and bring everything to a halt. I predict the market will drop by 20% within months after a Warren or Sanders gets elected, businesses will slow down hiring, unemployment will start creeping back up, and wage growth will cease.

I'm not sure how to play it, personally. Probably a topic for the financial forum, but I could either move largely into cash as we approach the election, thereby avoiding a big loss should a socialist Dem win, but also not enjoying the relief rally should Trump be re-elected. My sense is that if the economy is still this strong going into the summer, a Trump win will already be baked in (meaning that a surprise Dem upset will bring on an even bigger crash).


Unless you are planning to cash out after the election, I would stay in. Long term is not going to be a big problem. You overestimate the changes that will occur.

Thanks for the feedback. I actually am managing two portfolios: mine, which, as you say, should be fine for the long term, but I am also managing my 91-year-old mother's, whose "long-term" isn't, realistically speaking, all that long-term. So I might stay the course for my own, but move more into cash for my mother in the event a socialist Democrat wins. We cannot afford for her to absorb a crash, just as she is now in her expensive care years. Right now we have her 60% cash, 40% stocks. We might move more over to cash in the upcoming months.

Here's my additional thinking: If Biden is the nominee, it's not as critical because he's actually moderate. But if it's Sanders, there's a real risk, and it's cash out time (for mom).

Frankly I would wait to see if the Senate changes. If Senate is still R, it doesn't matter who is president.

Thanks again for the feedback. The problem is that we will learn if the Senate changes at the same time we learn who the president will be. So if Sanders is the nominee (OMG), we can't chance it (for my mother) in case the Senate flips. Then there will be a BIG sell-off. One possibility is to buy puts for protection in case Sanders/Warren win (but of course that comes at a big expense). Just not sure.

[Anonymous]

Anonymous wrote:Economy ain’t roaring for the 2800 workers just laid off in Wichita because of the Boeing fiasco.

https://www.cbsnews.com/news/boeing-737-max-supplier-spirit-aerosystems-laying-off-2800-employees/

Please. Do liberals hunt down to find a glimmer of bad news among all the good? We are still at 3.5% unemployment, a 50-year-low, so if you have to be laid off, now's the time. Not like in '81, and the aftermath of the Carter years, when I graduated from college into an 11% unemployment rate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My family is doing better than we ever have. This economy is hot. Those who disagree are ignoring facts.

This.

My brother who lost his job because of cancer has not been able to get another job tye past year. And the Republikans are threatening to do away with the pre-existing conditions clause in the ACA meaning he would be screwed with his health care coverage which is already too expensive.

My cousin lost his IT job (17 years at same place) when it went overseas and he has not managed to find a new one in 10 months.

2800 workers just lost their manufacturing jobs in Wichita.

These are facts you are ignoring.

[Anonymous]

Anonymous wrote:Economy ain’t roaring for the 2800 workers just laid off in Wichita because of the Boeing fiasco.

https://www.cbsnews.com/news/boeing-737-max-supplier-spirit-aerosystems-laying-off-2800-employees/

Boeing should make a plane that doesn’t crash so easily. A good economy means that these people will be picked up elsewhere.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My family is doing better than we ever have. This economy is hot. Those who disagree are ignoring facts.

This.

My brother who lost his job because of cancer has not been able to get another job tye past year. And the Republikans are threatening to do away with the pre-existing conditions clause in the ACA meaning he would be screwed with his health care coverage which is already too expensive.

My cousin lost his IT job (17 years at same place) when it went overseas and he has not managed to find a new one in 10 months.

2800 workers just lost their manufacturing jobs in Wichita.

These are facts you are ignoring.

Your brother has cancer. He’s going to be a difficult hire for ANY company. Those are just facts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Economy ain’t roaring for the 2800 workers just laid off in Wichita because of the Boeing fiasco.

https://www.cbsnews.com/news/boeing-737-max-supplier-spirit-aerosystems-laying-off-2800-employees/

Please. Do liberals hunt down to find a glimmer of bad news among all the good? We are still at 3.5% unemployment, a 50-year-low, so if you have to be laid off, now's the time. Not like in '81, and the aftermath of the Carter years, when I graduated from college into an 11% unemployment rate.

“Hunt down”?? You think these workers’ lives and livelihoods are so minuscule they don’t warrant media attebtion?

You just go ahead and ignore people who are struggling and pretend they don’t exist. Really, please do. It’s better for Democrats when you do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My family is doing better than we ever have. This economy is hot. Those who disagree are ignoring facts.

This.

My brother who lost his job because of cancer has not been able to get another job tye past year. And the Republikans are threatening to do away with the pre-existing conditions clause in the ACA meaning he would be screwed with his health care coverage which is already too expensive.

My cousin lost his IT job (17 years at same place) when it went overseas and he has not managed to find a new one in 10 months.

2800 workers just lost their manufacturing jobs in Wichita.

These are facts you are ignoring.

Your brother has cancer. He’s going to be a difficult hire for ANY company. Those are just facts.

So millions of Americans who have had cancer don’t matter and we can ignore their economic plight. I guess that’s the Republican platform.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Economy ain’t roaring for the 2800 workers just laid off in Wichita because of the Boeing fiasco.

https://www.cbsnews.com/news/boeing-737-max-supplier-spirit-aerosystems-laying-off-2800-employees/

Boeing should make a plane that doesn’t crash so easily. A good economy means that these people will be picked up elsewhere.

So you agree regulation is a good thing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Economy ain’t roaring for the 2800 workers just laid off in Wichita because of the Boeing fiasco.

https://www.cbsnews.com/news/boeing-737-max-supplier-spirit-aerosystems-laying-off-2800-employees/

Boeing should make a plane that doesn’t crash so easily. A good economy means that these people will be picked up elsewhere.

Yup. I'd rather be laid off into a 3.5% unemployment economy than a 10% unemployment economy. Companies are having a hard time finding qualified workers these days.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economy ain’t roaring for the 2800 workers just laid off in Wichita because of the Boeing fiasco.

https://www.cbsnews.com/news/boeing-737-max-supplier-spirit-aerosystems-laying-off-2800-employees/

Please. Do liberals hunt down to find a glimmer of bad news among all the good? We are still at 3.5% unemployment, a 50-year-low, so if you have to be laid off, now's the time. Not like in '81, and the aftermath of the Carter years, when I graduated from college into an 11% unemployment rate.

“Hunt down”?? You think these workers’ lives and livelihoods are so minuscule they don’t warrant media attebtion?

You just go ahead and ignore people who are struggling and pretend they don’t exist. Really, please do. It’s better for Democrats when you do.

No. But thanks to Trump's economy, these workers will have an easy time finding a new job. Companies are begging for workers.

And yes, hunt down. Boeing builds a crappy plane, so you are quick to point out that some workers lost their jobs. Thank G-d that they'll be able to find new ones soon. (And if they can't, that's their fault. Jobs are going begging.)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My family is doing better than we ever have. This economy is hot. Those who disagree are ignoring facts.

This.

My brother who lost his job because of cancer has not been able to get another job tye past year. And the Republikans are threatening to do away with the pre-existing conditions clause in the ACA meaning he would be screwed with his health care coverage which is already too expensive.

My cousin lost his IT job (17 years at same place) when it went overseas and he has not managed to find a new one in 10 months.

2800 workers just lost their manufacturing jobs in Wichita.

These are facts you are ignoring.

Your brother has cancer. He’s going to be a difficult hire for ANY company. Those are just facts.

So millions of Americans who have had cancer don’t matter and we can ignore their economic plight. I guess that’s the Republican platform.

DP. I see you can't keep the sanctimonious snark out of your answer, but that poster was correct: A man with cancer will be a difficult hire for any company. Nobody said ignore him.

Here's what Democrats like you do: In an economy where the vast majority are doing better, come up with exceptions. Of course there will always be exceptions. That's life. But in an economy with a 3.5% unemployment rate, the vast, vast, VAST majority of people who want a job will be able to get one. I know that upsets Democrats, since they are depending on a bad economy to win the election and thus will hype any bad news they can find, but decent people are happy that the economy is doing so well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economy ain’t roaring for the 2800 workers just laid off in Wichita because of the Boeing fiasco.

https://www.cbsnews.com/news/boeing-737-max-supplier-spirit-aerosystems-laying-off-2800-employees/

Please. Do liberals hunt down to find a glimmer of bad news among all the good? We are still at 3.5% unemployment, a 50-year-low, so if you have to be laid off, now's the time. Not like in '81, and the aftermath of the Carter years, when I graduated from college into an 11% unemployment rate.

“Hunt down”?? You think these workers’ lives and livelihoods are so minuscule they don’t warrant media attebtion?

You just go ahead and ignore people who are struggling and pretend they don’t exist. Really, please do. It’s better for Democrats when you do.

No. But thanks to Trump's economy, these workers will have an easy time finding a new job. Companies are begging for workers.

And yes, hunt down. Boeing builds a crappy plane, so you are quick to point out that some workers lost their jobs. Thank G-d that they'll be able to find new ones soon. (And if they can't, that's their fault. Jobs are going begging.)

+1