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Doesn't Seattle have Boeing, Microsoft, and Costco? Plus a cool funkiness.
Quote:
Originally Posted by Hemlock140
Another case where the location makes a huge difference. Here the commercial real estate market is booming, with many big cranes in Seattle, new shopping centers and upscale stores being built on the eastside. Somebody must be buying things.
A higher interest lending rate will deter people from buying homes when they are not ready or they cannot afford it in the long run. It is much better to gain higher interest rates on our low-risk investments and IRAs. People that save money with a better return can actually see their balance grow into possibly a hefty down payment on a family home in due time or send the kids to college and take the cash out from under the mattress into a retirement fund that actually makes a good return (more than 2% anyway!).
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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Quote:
Originally Posted by ColoGuy
Doesn't Seattle have Boeing, Microsoft, and Costco? Plus a cool funkiness.
Exactly, in places where there are many good jobs the retailers are thriving, despite the percentage of tech-savvy people that buy much of their goods online.
This is why trickle down economics has been a failure every time it's been tried. The tax breaks to the rich are not impacting the 99% in a meaningful way
Which tax break(s) are you referring to? Can you name some?
They're swimming in cash so they've been buying back their stock to prop up stock prices.
Corporations do not buy back stock to prop up stock prices.
Corporations initiate stock buy-back programs as a vehicle to return earnings to shareholders. Either they issue cash dividends or buy-back stock. Cash dividends are not a great way to return earnings, as they are immorally taxed twice. Instead, stock buy-backs are subject to capital gains taxes.
Retail pays me, so, I want retail to do gangbusters!
That being said, I see a decline on my end of the business that has a lot of people worried right now. Christmas should help boost that, but, what about Q1?
On a personal note, I have decreased consumption big time, and others I talk to are in the same boat. How much stuff can one have? The people on the lower end of the totem pole aren't making any more.
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