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Author Topic: US Economy: News & Discussion  (Read 40868 times)

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Online TBideon

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Re: US Economy: News & Discussion
« Reply #4770 on: January 12, 2018, 04:05:58 PM »
Damn, hell of a first two weeks for 2018:

DOW: 25,803.19 (+4.39% YTD)
NASDAQ: 7,264.08 (+5.35% YTD)
S&P 500: 2,787.35 (+4.26% YTD)
NYSE: 13,298.69 (+3.82% YTD)

Online jmecklenborg

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Re: US Economy: News & Discussion
« Reply #4771 on: January 15, 2018, 05:42:40 PM »
Keep in mind that that stock market jumped 52% in 1954.  Back when the top income tax rate was 90% and the corporate rate was 45%. 

Offline KJP

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Re: US Economy: News & Discussion
« Reply #4772 on: January 15, 2018, 07:36:19 PM »
Even with those great index returns, I've kicked the crap out this market. I've withdrawn $20,000 from my portfolio in the last couple of months and my portfolio has actually increased in value.
"Many Americans are willing to die for their country. But pay taxes for it? No way." -- Me.

Online TBideon

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Re: US Economy: News & Discussion
« Reply #4773 on: January 17, 2018, 04:10:55 PM »
Good grief:

DOW: 26,115.65 (+5.65% YTD)
NASDAQ: 7,298.28 (+ 5.68% YTD)
S&P 500: 2,800.14 (+4.79% YTD)
NYSE: 13,359.60 (+4.28% YTD)

Offline YABO713

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Re: US Economy: News & Discussion
« Reply #4774 on: January 17, 2018, 04:17:46 PM »
Good grief:

DOW: 26,115.65 (+5.65% YTD)
NASDAQ: 7,298.28 (+ 5.68% YTD)
S&P 500: 2,800.14 (+4.79% YTD)
NYSE: 13,359.60 (+4.28% YTD)

Love it!

Of the 26 primary industrialized nations, our primary stock exchange is #18 of 26. So, while I'm happy, I wish we'd get to the front of that  line.

Online freefourur

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Re: US Economy: News & Discussion
« Reply #4775 on: January 17, 2018, 04:20:13 PM »
^ so wait a minute - this isn't Trump's magic at work?

Online jmecklenborg

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Re: US Economy: News & Discussion
« Reply #4776 on: January 17, 2018, 07:19:12 PM »
The annual drops in the famous crash years aren't as dramatic as you'd expect because there were huge run-ups in the early part of those years. 

Online TBideon

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Re: US Economy: News & Discussion
« Reply #4777 on: January 22, 2018, 04:04:15 PM »
DOW: 26,214.67 (+6.05% YTD)
NASDAQ: 7,408.03 (+7.19% YTD)
S&P 500: 2,830.88 (+5.88% YTD)
NYSE: 13,457.54 (+5.06% YTD)

Offline KJP

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Re: US Economy: News & Discussion
« Reply #4778 on: January 24, 2018, 07:34:43 AM »
"Many Americans are willing to die for their country. But pay taxes for it? No way." -- Me.

Offline DarkandStormy

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Re: US Economy: News & Discussion
« Reply #4779 on: January 24, 2018, 11:05:44 AM »
https://twitter.com/sam_a_bell/status/955921187514847242

Jerome Powell was confirmed yesterday to replace Janet Yellen as head of the Federal Reserve.

A thread on the sexism that Yellen has faced as the first woman to be Chair of the Fed.

Online freefourur

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Re: US Economy: News & Discussion
« Reply #4780 on: January 24, 2018, 11:12:58 AM »
^ I don;t understand why Yellin was let go to begin with.  If the economy is on fire, then she must've been doing something right.  Powell doesn't seem to be departing from Yellin's policies either.

Offline DarkandStormy

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Re: US Economy: News & Discussion
« Reply #4781 on: January 24, 2018, 11:20:31 AM »
She's a woman and our POTUS won't stand for that.

Offline Gramarye

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Re: US Economy: News & Discussion
« Reply #4782 on: January 24, 2018, 12:21:29 PM »
He actually gave an interview (a surprisingly lucid one for him) early in the primary campaign in which he said he'd do exactly this--replace Yellen with someone of his own choosing just to put his mark on the agency, but that he was actually a loose-money kind of guy and wouldn't look to radically change Yellen's course.

Found at least an article that talks about the article describing the interview (how meta ...) I was talking about.

https://newrepublic.com/minutes/144549/janet-yellen-just-picked-big-fight-donald-trump

Online freefourur

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Re: US Economy: News & Discussion
« Reply #4783 on: January 24, 2018, 01:27:57 PM »
Here's an interesting memo from Dan Gilbert related to Detroit's Amazon bid.  I think he does a good job of really nailing down what likely caused Amazon's rejection.  He refers to it as the elephant in the room.  I think it applies to Cleveland too in some ways.

http://1md1ifcdgpn3hahxo2l2bzt6.wpengine.netdna-cdn.com/wp-content/uploads/2018/01/The-Elephant-in-the-Room.pdf

Online mu2010

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Re: US Economy: News & Discussion
« Reply #4784 on: January 24, 2018, 01:38:04 PM »
That's pretty impressive - that memo might make up for the comic sans lebron memo haha.

Online TBideon

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Re: US Economy: News & Discussion
« Reply #4785 on: January 24, 2018, 01:42:13 PM »
That letter equally applies to dozens and dozens of cities that had submitted RFP bids. With only minor, and I mean very minor, alterations, you could easily substitute Cleveland, Baltimore, Buffalo, Cincinnati, Gary, Youngstown, St Louis, Memphis, Tucson, Kansas City, and on and on and on. It does seem a little too... consoling, handholding, pointless.

Still surprised about Charlotte, Minneapolis and Salt Lake City, but they all have strong economics with educated population growth and reasonable costs of living.
« Last Edit: January 24, 2018, 01:46:54 PM by TBideon »

Online freefourur

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Re: US Economy: News & Discussion
« Reply #4786 on: January 24, 2018, 01:45:15 PM »
^ True comment but I think Gilbert touches on something important especially for rust belt cities. Perception matters.

Online taestell

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Re: US Economy: News & Discussion
« Reply #4787 on: January 24, 2018, 01:45:39 PM »
Here's an interesting memo from Dan Gilbert related to Detroit's Amazon bid.  I think he does a good job of really nailing down what likely caused Amazon's rejection.  He refers to it as the elephant in the room.  I think it applies to Cleveland too in some ways.

http://1md1ifcdgpn3hahxo2l2bzt6.wpengine.netdna-cdn.com/wp-content/uploads/2018/01/The-Elephant-in-the-Room.pdf

Perception is reality. They still have a long way to go before the average American has positive connotations when they hear the word Detroit.

Online TBideon

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Re: US Economy: News & Discussion
« Reply #4788 on: January 26, 2018, 04:28:12 PM »
Not too shabby:

DOW: 26,616.71 (+7.68% YTD)
NASDAQ: 7,505.77 (+8.73% YTD)
S&P: 2,872.87 (+7.45% YTD)
NYSE: 13,637.01 (+6.46% YTD)

Offline KJP

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Re: US Economy: News & Discussion
« Reply #4789 on: February 02, 2018, 02:40:07 PM »
Good thing I sold off all of my Apple stock a few days ago. Even though APPL was already under-performing, I'll probably still get a phone call from the SEC wondering if I had some insider knowledge of what would be a 10 percent drop in share price!
"Many Americans are willing to die for their country. But pay taxes for it? No way." -- Me.

Offline DarkandStormy

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Re: US Economy: News & Discussion
« Reply #4790 on: February 02, 2018, 03:14:24 PM »
Good thing I sold off all of my Apple stock a few days ago. Even though APPL was already under-performing, I'll probably still get a phone call from the SEC wondering if I had some insider knowledge of what would be a 10 percent drop in share price!

Did you sell it to put it in some crypto that's lost 40% value?

Offline KJP

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Re: US Economy: News & Discussion
« Reply #4791 on: February 02, 2018, 03:43:10 PM »
Did you sell it to put it in some crypto that's lost 40% value?

Nope. I put it in Amazon (up 3.5 percent today). You mean the crypto ELF that gains 50 percent one day, loses 20 percent the next and gains 30 percent another day?
"Many Americans are willing to die for their country. But pay taxes for it? No way." -- Me.

Offline 327

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Re: US Economy: News & Discussion
« Reply #4792 on: February 03, 2018, 10:21:17 AM »
https://www.theatlantic.com/magazine/archive/2018/03/stealing-from-self-checkout/550940/

Eliminating cashiers has led to widespread theft, and people feel justified doing it.

Offline Cleburger

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Re: US Economy: News & Discussion
« Reply #4793 on: February 03, 2018, 10:35:03 AM »
https://www.theatlantic.com/magazine/archive/2018/03/stealing-from-self-checkout/550940/

Eliminating cashiers has led to widespread theft, and people feel justified doing it.

Thank god.  I hope they get rid of all of them.  If I want a part time job, I'll apply thanks.  And I certainly don't want to wait in line behind a bunch of amateur cashiers.

Offline GCrites80s

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Re: US Economy: News & Discussion
« Reply #4794 on: February 03, 2018, 10:48:00 AM »
So that's why the U-Scan says "bananas" so loudly when I buy bananas but doesn't say the name of more money-dense produce I buy.

Online mu2010

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Re: US Economy: News & Discussion
« Reply #4795 on: February 03, 2018, 10:49:57 AM »
I always go to self checkout haha. I find I can do the job better and I enjoy not having to make small talk.

Offline GCrites80s

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Re: US Economy: News & Discussion
« Reply #4796 on: February 03, 2018, 10:54:37 AM »
It's usually the customers that initiate small talk nowadays

Online mu2010

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Re: US Economy: News & Discussion
« Reply #4797 on: February 03, 2018, 10:58:32 AM »
Oh I always do but I feel bad if I don't. Self checkout I don't have to worry about it. It's just a personal preference.

Offline GCrites80s

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Re: US Economy: News & Discussion
« Reply #4798 on: February 03, 2018, 11:05:14 AM »
You don't have to feel bad. Most cashiers have had enough small talk to last them the rest of their lives. Except maybe in a small town where people want to hear the latest gossip.

Offline KJP

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Re: US Economy: News & Discussion
« Reply #4799 on: February 04, 2018, 02:19:01 PM »
“There’s this way in which Amazon’s warehouses are perceived to be a good thing for a community, but that’s only because the context in which they are being proposed and built is so devoid of better opportunities”

What Amazon Does to Poor Cities
The debate over Amazon’s HQ2 obscures the company’s rapid expansion of warehouses in low-income areas.
https://www.theatlantic.com/business/archive/2018/02/amazon-warehouses-poor-cities/552020/
"Many Americans are willing to die for their country. But pay taxes for it? No way." -- Me.