Business, Economics & Tax Policy 7: Workers of the world unite!

[5mn_Major]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

What's interesting to me is we've become to accept tepid as the norm.

We haven't seen a real quarterly GDP number over 5% since the 1980s; we're supposed to think going over 3% is time for parades.

The problem with that? Be we get 5s or 3s, the bottoms still are ugly as ever. And it takes a lot more 3s than 5s to recover from those -8s and -10s.

The broader point is - don't push for 5s when those are faar more likely to cause the -8s and -10s. This push for getting all the results this quarter is a major reason why the GOP - read W and Trump - are terrible at managing the US economy.

[joecct]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Odds that he is still employed by FB by Columbus Day??

https://www.nytimes.com/2018/08/28/t...tics&smtyp=cur

[RaceBoarder]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Has anyone here held a job in an industry when things really started to slide downhill and you could sense that things would be drastically different in the next 5-7 years within said industry?

I currently work for a "big box" retailer and it's becoming blatantly clear why this sector is failing from my perspective on the ground floor. Just curious if others went through this process in whatever industry and what insight you walked away with. Also curious how you dealt with people that were taking a "step back" because they failed elsewhere? (In my case it's seeing a "Regional Manager" from a failed "big box" trying to be a store manager and not really having a clue how to work at this level since it's been years since they've been at said level)

It really is fascinating (while also frightening) to watch. At least until my job becomes threatened, which could probably be sooner than later

[MissThundercat]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

My plant had to fight like hell for a paid time off incentive program for new hires. Before this, you got no time off until year one. With this plan, if your attendance is perfect, you have the chance to earn time off.

[5mn_Major]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Trump threatens to pull the US out of the WTO. His complaint is that the US too often gets the short end of the stick - some analysis shows the US wins about 90% when it is the complainant. This would damage the organization enough to hamper its ability to enforce much of anything.

But the international chaos plays into the GOPs hands - who else is better to fight in newly created global conflict than the GOP?

[FadeToBlack&Gold]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

But the international chaos plays into Putin and Jinping's hands

Fixed

It's all about subversion. The right has been subverted into thinking that their precious white, Xtian, Western way of life is under siege, and they are slowly descending into madness.

This is the "destabilization" phase.

[joecct]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

@TIME: "A sad day." Alternative paper The Village Voice shuts down after 63 years and 3 Pulitzer Prizes https://ti.me/2C4QaJl

[FlagDUDE08]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Some insight into the executive order regarding retirement plans, and potential changes to required distributions: https://www.whitehouse.gov/president...urity-america/

[FlagDUDE08]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Trump threatens to pull the US out of the WTO. His complaint is that the US too often gets the short end of the stick - some analysis shows the US wins about 90% when it is the complainant. This would damage the organization enough to hamper its ability to enforce much of anything.

But the international chaos plays into the GOPs hands - who else is better to fight in newly created global conflict than the GOP?

Newly created? This has been in the works for a lot longer than you think. It's only been forced out to the open in the past couple of years; those who were sounding the alarm for many years prior were dismissed as "conspiracy theorists".

[FlagDUDE08]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

And who says we should be "overjoyed". Provide the source.

Otherwise, 3% is a sign of good steady economic growth. Growth that can be maintained over a long period of time. Not boom and bust like you Republicans like to do.


If your stocks grew 3%/quarter, you'd be overjoyed too.

Based on how things have been going, and how the 4.1% previous quarter growth was just recently revised to 4.2%, 3 would be a disappointment.

[rufus]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Based on how things have been going, and how the 4.1% previous quarter growth was just recently revised to 4.2%, 3 would be a disappointment.

And as I said, Obama had at least four of five quarters better than that. But his economy was "terrible".


Don't blow a wad in your pants based on one good quarter.

[French Rage]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

And as I said, Obama had at least four of five quarters better than that. But his economy was "terrible".


Don't blow a wad in your pants based on one good quarter.

Especially given the last year averages to slightly under 3%, 3% would be par for the course, so Flaggy is making **** up.

[5mn_Major]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Its been awhile since we've had tariff news. And this should have some play...

Ford Cancels Focus Crossover For U.S. Consumers After Trump’s Trade War Tariffs

“Given the negative financial impact of the new tariffs, we’ve decided not to import this vehicle from China,” Kumar Galhotra, Ford president of North America, said in a Friday conference call with reporters.

https://www.huffingtonpost.com/entry...b0cf7b003629ae

[rufus]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Its been awhile since we've had tariff news. And this should have some play...

Ford Cancels Focus Crossover For U.S. Consumers After Trump’s Trade War Tariffs

“Given the negative financial impact of the new tariffs, we’ve decided not to import this vehicle from China,” Kumar Galhotra, Ford president of North America, said in a Friday conference call with reporters.

https://www.huffingtonpost.com/entry...b0cf7b003629ae

Originally to be built in Mexico, but Red Don whined and beetched and bullied thinking Ford would cower down to him and build it in Detroit, and they took it overseas to China instead.

[aparch]

Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Great. That was the *ONLY* car that Ford was going to have in their lineup that didn't have a pony on the badging.

So, Ford will effectively have in the 2019/2020 vehicle lineup:
Cars -

Performance Cars -
Mustang (and it's variants)

SUV's -
Ecosport
Escape
Edge
Flex
Explorer
Expedition

Trucks & Vans -
F150 (and it's variants)
Ranger (and it's variants)
Transit Connect
Super Duty (and it's variants)