Just fyi, the massive tax cut for corporations is being used for share buy backs rather than "creating jobs" or whatever bs. This should prop up the market for a while. Plan accordingly but we may have 1-2 years before the crash, maybe longer. The market has never been this heavily manupulated, making it less predictable. If history is any guide, the worse the manipulation, the worse the collapse.
The guy that posted this obviously didn't read the article, it goes on to say that the yield curve is not a definitive metric as an economic indicator and has OFTEN been wrong in the past.
Not really, jobs are still just disposable employment, the pre Clinton economy was strong because only a few service jobs were disposables meant for teenagers. Our wages are artificially low due to the number of the people in the job market, unskilled service work has been left so far behind due to shit tier education, over population, too many women in the workforce, and unskilled immigrants. The next step up which is manual labour/low skill is fucked because healthcare, training, and good wages aren't being delivered on in many cases due to the same reasons as above, job stability in such fields only comes from unions, employers are just too disloyal.
Skilled labor/trades are in a bad way for a number of reasons but mostly because the middle class is gone, people can't afford home repairs, remodeling, improvement and that inconsistency in work opportunities has but tradesmen out of self employment and into working salaried for lower pay than they might otherwise make for the sake of consistency. The medical professions are not seeing sufficient wage increases to keep up with inflation and rising cost of living.
What this means is that most urban centers are non-functional today and that de-urbanization is happening so fast it's causing urbanization via suburban to urban creep/sprawl these people who fled high cost of living get run down by it again and again, cities and taxes get bloated, home values stagnate, middle class equity falters.
Trump's economy isn't bad because of Trump, it's bad because America has made all the wrong decisions for 30 years and mostly wrong decisions since the start of the civil war.
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SkepticalEnthusiast ago
Just fyi, the massive tax cut for corporations is being used for share buy backs rather than "creating jobs" or whatever bs. This should prop up the market for a while. Plan accordingly but we may have 1-2 years before the crash, maybe longer. The market has never been this heavily manupulated, making it less predictable. If history is any guide, the worse the manipulation, the worse the collapse.
jc99ta ago
This is BS. We have one of the lowest unemployment rates in the country at the moment. They are investing in jobs.
Titaniumman ago
The guy that posted this obviously didn't read the article, it goes on to say that the yield curve is not a definitive metric as an economic indicator and has OFTEN been wrong in the past.
Obrez ago
Not really, jobs are still just disposable employment, the pre Clinton economy was strong because only a few service jobs were disposables meant for teenagers. Our wages are artificially low due to the number of the people in the job market, unskilled service work has been left so far behind due to shit tier education, over population, too many women in the workforce, and unskilled immigrants. The next step up which is manual labour/low skill is fucked because healthcare, training, and good wages aren't being delivered on in many cases due to the same reasons as above, job stability in such fields only comes from unions, employers are just too disloyal. Skilled labor/trades are in a bad way for a number of reasons but mostly because the middle class is gone, people can't afford home repairs, remodeling, improvement and that inconsistency in work opportunities has but tradesmen out of self employment and into working salaried for lower pay than they might otherwise make for the sake of consistency. The medical professions are not seeing sufficient wage increases to keep up with inflation and rising cost of living.
What this means is that most urban centers are non-functional today and that de-urbanization is happening so fast it's causing urbanization via suburban to urban creep/sprawl these people who fled high cost of living get run down by it again and again, cities and taxes get bloated, home values stagnate, middle class equity falters.
Trump's economy isn't bad because of Trump, it's bad because America has made all the wrong decisions for 30 years and mostly wrong decisions since the start of the civil war.