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  #1  
Old 07-11-2019, 10:33 AM
"One with my 71"
 
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Democrats Can't Destroy This

Dow jumps more than 100 points to break above 27,000 for the first time ever

Market expectations for a rate cut in July are at 100%, according to the CME Group’s FedWatch tool. Powell testifies again on Thursday in front of U.S. Senate members.

Lower rates, booming economy. TRUMP / PENCE 2020! KAG!

https://www.cnbc.com/2019/07/11/stock-market-fed-chief-signals-a-rate-cut.html
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  #2  
Old 07-11-2019, 11:16 AM
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love all animals
 
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all that means is the tax cuts for the wealthy worked,now they can gamble more on stocks.for economy to last min.wage needs to be $20. a hour min.Then people can afford $1200 rents,and $400 car payments.But no repukes are to stupid, and Dems worry about non citizens and their healthcare.
A higher wage also collect more taxes,and social security,less debt.
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  #3  
Old 07-11-2019, 11:28 AM
"One with my 71"
 
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Quote:
Originally Posted by oldsinner111 View Post
all that means is the tax cuts for the wealthy worked,now they can gamble more on stocks.for economy to last min.wage needs to be $20. a hour min.Then people can afford $1200 rents,and $400 car payments.But no repukes are to stupid, and Dems worry about non citizens and their healthcare.
A higher wage also collect more taxes,and social security,less debt.
The most expensive places to live are BLUE CITIES. 600 Sq Ft condo rents for $3,200.00 a month in San Francisco (that's a cheap one). Is it any wonder Dems want to force companies to raise the minimum wage to help fund their rents?

Fact is there will NEVER be a satisfactory minimum wage... unless you really think rents will stop going up.

As for cars... better options for the poor buying a USED vehicle.

Trump Tax Cuts really helped the poor and everyone who doesn't itemize deductions. But all Dems focus on is how they effected the rich.

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  #4  
Old 07-11-2019, 11:32 AM
A Talent for Obfuscation
 
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Quote:
Originally Posted by 1971 250/8 View Post
Dow jumps more than 100 points to break above 27,000 for the first time ever

Market expectations for a rate cut in July are at 100%, according to the CME Group’s FedWatch tool. Powell testifies again on Thursday in front of U.S. Senate members.

Lower rates, booming economy. TRUMP / PENCE 2020! KAG!

https://www.cnbc.com/2019/07/11/stock-market-fed-chief-signals-a-rate-cut.html
TRUMP / PENCE 2020! GAG!
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  #5  
Old 07-11-2019, 11:58 AM
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love all animals
 
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highest suicides rates
red states
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  #6  
Old 07-11-2019, 07:00 PM
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Do you even know how to Dow is calculated or what that number actually means?
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  #7  
Old 07-11-2019, 10:28 PM
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Quote:
Originally Posted by tjts1 View Post
Do you even know how to Dow is calculated or what that number actually means?
I would hope most do know what the daily closing figure means, but it's not really all that relevant to Everyday Joe. I'm more concerned with happens within what I trade and what the quarterly statements show. A few up days and a few down days are a given. For me personally, the past few years have been a comfortable net positive. I am also aware of how that can change quickly. I learned the hard way early on...don't keep all the eggs in one basket, so to speak.

In my state of ILLinois, the graduated minimum wage hike is doing exactly the opposite of what those pushing for it expected. It's hitting small businesses pretty hard. We are toeing the line trying to keep costs in check. Does that mean we can't hire those 2-3 extra high school kids for a part-time summer or after school job? You can bet your ass it does. Bump a part-timer into a full time role with benefits? Nope. Eliminate a position here and there? Yep. And we're just in the first stages. It will get much worse over the next few years.
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Last edited by Lance Allison; 07-11-2019 at 10:38 PM.
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  #8  
Old 07-12-2019, 01:59 AM
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To the OP title "democrats can't destroy this". they are feverishly trying to destroy it , and will continue to praise it in the debates
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  #9  
Old 07-12-2019, 09:06 AM
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Quote:
Originally Posted by Lance Allison View Post
I would hope most do know what the daily closing figure means, but it's not really all that relevant to Everyday Joe. I'm more concerned with happens within what I trade and what the quarterly statements show. A few up days and a few down days are a given. For me personally, the past few years have been a comfortable net positive. I am also aware of how that can change quickly. I learned the hard way early on...don't keep all the eggs in one basket, so to speak.

In my state of ILLinois, the graduated minimum wage hike is doing exactly the opposite of what those pushing for it expected. It's hitting small businesses pretty hard. We are toeing the line trying to keep costs in check. Does that mean we can't hire those 2-3 extra high school kids for a part-time summer or after school job? You can bet your ass it does. Bump a part-timer into a full time role with benefits? Nope. Eliminate a position here and there? Yep. And we're just in the first stages. It will get much worse over the next few years.
I can only hope all of those low level, excluding new to the work place that voted for higher minimum wage increase stay there and not relocate to the great state of Indiana.
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  #10  
Old 07-12-2019, 11:32 AM
A Talent for Obfuscation
 
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Originally Posted by sloride View Post
I can only hope all of those low level, excluding new to the work place that voted for higher minimum wage increase stay there and not relocate to the great state of Indiana.


Someone who works the counter at an Arby's would have the same sentiment...
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  #11  
Old 07-12-2019, 12:44 PM
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Minimum wage increases out of reason, say rapidly doubling it as proposed now, has a number of ill effects. Before you all stand up and start shouting, I won't address any potential "job losses".

What DOES happen is shortening Hours Worked and in some cases workers replaced by automation. Shorter work weeks benefit no-one except the employers. Shorter work weeks relieve the employers from the necessity to provide benefits and result in an overall productivity increase.

Automation requires investment in process which will stay in the future. Workers displaced by automation will not come back to work in their same capacity. True, many can be retrained in other fields but the entry level jobs will be gone forever. Those that feel the pinch will be the least educated, the poorest and for those of you professing to "care so much" the immigrants escaping the tyranny of lower wages in their home countries.

Of course wage increases are a given but such increases must be measured, not slugged.
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  #12  
Old 07-12-2019, 01:29 PM
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Quote:
Originally Posted by P.C. View Post
Someone who works the counter at an Arby's would have the same sentiment...
The problem is Blue States, and what they charge for housing.
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  #13  
Old 07-12-2019, 01:35 PM
t walgamuth's Avatar
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Join Date: Apr 2005
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Quote:
Originally Posted by 1971 250/8 View Post
The problem is Blue States, and what they charge for housing.
So you think there should be rent control then?

Also I am failing to see how high cost of living is a political issue. Businesses will always charge what the market will bear, we have free enterprise here right?

High prices is a sign of a strong economy, right?
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  #14  
Old 07-12-2019, 01:45 PM
t walgamuth's Avatar
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Join Date: Apr 2005
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Quote:
Originally Posted by 1971 250/8 View Post
The problem is Blue States, and what they charge for housing.
So you think there should be rent control then?

Also I am failing to see how high cost of living is a political issue. Businesses will always charge what the market will bear, we have free enterprise here right?

High prices is a sign of a strong economy, right?
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.
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  #15  
Old 07-12-2019, 02:52 PM
A Talent for Obfuscation
 
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Quote:
Originally Posted by 1971 250/8 View Post
The problem is Blue States, and what they charge for housing.
You think that the rent in an underpopulated, underdeveloped portion of a blue state is significantly more than that of a comparable area in a red state?
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