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Old 10-07-2018, 04:41 AM
 
Location: Macon, Georgia
461 posts, read 181,507 times
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Sound good but for centuries every boom creates a bust.
https://www.wsj.com/articles/u-s-une...969-1538742766
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Old 10-07-2018, 05:58 AM
 
788 posts, read 786,917 times
Reputation: 1308
Quote:
Originally Posted by the tiger View Post
Sound good but for centuries every boom creates a bust.
https://www.wsj.com/articles/u-s-une...969-1538742766
Post you WSJ username and password so we can login to read the article!
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Old 10-07-2018, 02:06 PM
 
Location: Ohio
17,986 posts, read 13,233,625 times
Reputation: 13765
Quote:
Originally Posted by the tiger View Post
Sound good but for centuries every boom creates a bust.
Booms do not automatically result in busts. There have always been other factors in each and every single instance.

At 109 months, you are now in the second longest economic expansion in history. In theory, you could tie the longest economic expansion in history at 120 months in August 2019 and eclipse that, setting a new record in September 2019.

There's no evidence of structural unemployment now, nor is there any on the horizon. In spite of the protestations of many, the implementation of automation will be so boringly slow as to be imperceptible.

There's no evidence of Capital reallocation now or on the horizon, either. It might be another 10 years before India moves into its 2nd Level Economy and takes more of your jobs.

The most likely culprit will be the Federal Reserve, who keeps raising interest rates to combat "Inflation" despite the fact that there's no evidence of Monetary Inflation. There is evidence of Demand-pull Inflation, but increasing interest rates, or reducing the money supply, or increasing taxes or reducing spending have absolutely zero impact on Demand-pull Inflation.

At least twice in history, the Federal Reserve has caused a recession through higher interest rates, which increases the cost of continued business operations and the expansion of businesses, and that puts the brakes on expansion, and negatively impacts continuing operations.
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Old 10-08-2018, 07:13 AM
 
Location: Boston
5,097 posts, read 1,453,831 times
Reputation: 3733
anybody that wants to work can find a job.
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Old 10-08-2018, 07:34 AM
 
3,526 posts, read 1,985,593 times
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How is this in conjunction with the labor participation rate?
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Old 10-08-2018, 11:27 AM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,381 posts, read 50,562,503 times
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Quote:
Originally Posted by SWFL_Native View Post
How is this in conjunction with the labor participation rate?
That's currently average, at 62.7%. I haven't found what it was in 1969, but between 1950 and 2018 it has averaged 62.99, with the highest in January 2000 at 67.3 and lowest in December 1954 at 58.1%.



https://www.thebalance.com/labor-for...amples-3305805


https://tradingeconomics.com/united-...icipation-rate
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Old 10-08-2018, 12:26 PM
 
Location: Aurora Denveralis
2,961 posts, read 1,007,246 times
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Quote:
Originally Posted by skeddy View Post
anybody that wants to work can find a job.
...if they're under 40 and will take anything that's offered.
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Old 10-08-2018, 02:07 PM
 
Location: The Triad (NC)
26,829 posts, read 57,830,396 times
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Quote:
Originally Posted by Quietude View Post
...if they're under 40 and will take anything that's offered.

https://www.youtube.com/watch?v=Pb6wehjPJ1s
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Old 10-09-2018, 01:52 PM
 
27,436 posts, read 44,934,740 times
Reputation: 14033
Quote:
Originally Posted by skeddy View Post
anybody that wants to work can find a job.
That is akin to saying if you are very thirsty you can drink from a run-off ditch...
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Old 10-09-2018, 02:18 PM
 
64,507 posts, read 66,075,955 times
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not everyone is cut out for a "good job" under any conditions .

many have to filter the ditch water and make it work .
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