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Old 06-07-2019, 08:39 AM
 
Location: Florida
63,031 posts, read 34,328,004 times
Reputation: 10462

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Quote:
Originally Posted by workingclasshero View Post
the dow is currently (as of 1031hrs) UP 234 points...seems that market thinks the news is not all that bad
LOL. Investors expect the poor jobs report will trigger the Feds to take action to stimulate the economy.
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Old 06-07-2019, 08:49 AM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,322 posts, read 14,041,763 times
Reputation: 6504
Quote:
Originally Posted by Tonyafd View Post
On what facts are you basing your conclusion?

Is it possible that this escalating tariff on Mexico is causing a wait and see among CEOs. There are 700,000 boomers getting to retirement age every month. At least one third of the 700,000 are retiring from jobs.
actually the number is more like 240,000 getting to the age...with about 1/3 actually retiring


the boomers are putting off retiring


and as the boomers retire... about 7000k per day

.........................there are about 13-14,000 18-21 yr olds per day ENTERING the workforce to pay for the boomers retiring.




FACT: number of americans turning 65 (average age most people retire) daily.....6,000-8,000
number of americans turning 18 (the average age for people ENTERING the workforce(BLS uses 16)) daily...... 13,000

and the "'millennials " are a BIGGER generation than the boomers, or gen x



there are 20,219,890 that are 15-19 in the usa

even http://en.wikipedia.org/wiki/Rock_th...emocracy_Class states that 13,000 turn 18 every day

so the fact that 6,000-8,000 turn 65 everyday is NULLIFIED by the fact that =/=13,000 turn 18 every day


'many' 18yr olds go to college...62%...and many of those are also within the workforce...working their way through college 71% of college student are also working
More students working (a lot) in college - CBS News

fact is the avergage retirment age is about 65 (64 to be exact)
The Average Retirement Age
yes many can retire early...but most dont

yes many can retire more than once...(I already have one pension, and and WORKING on my second) aka STILL WORKING


and BTW...most boomers are putting retirement off
http://www.washingtonpost.com/blogs/...unger-workers/

Baby Boomers Are Pushing Off Retirement for 5 Years, says BoA Merrill Lynch | Von Aldo

http://www.cnbc.com/id/45683607/Amer...llstate_Survey

Why are Americans putting off retirement? - CBS News

I used 4 different sources, so you cant say ''biased like faux"
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Old 06-07-2019, 08:52 AM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,322 posts, read 14,041,763 times
Reputation: 6504
Quote:
Originally Posted by Finn_Jarber View Post
LOL. Investors expect the poor jobs report will trigger the Feds to take action to stimulate the economy.
oh, so then you admit the economy is not credited/blamed to congrees, or potus...so neither Obama, nor Trump, nor either party in congress gets the blame for the economy...only the federal reserve...


thanks for playing Finn my friend
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Old 06-07-2019, 08:54 AM
 
6,742 posts, read 6,550,322 times
Reputation: 5059
Quote:
Originally Posted by Scooby Snacks View Post
US added 75,000 jobs in May, a sharp decline from previous months, suggesting the economy may be slowing. Unemployment rate remained steady at 3.6% however.

http://nyt.et.e.sparkpost.com/f/a/eL...wuY29tWAQAAAAA
Nicht gut mein fuhrer!
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Old 06-07-2019, 08:57 AM
 
993 posts, read 170,453 times
Reputation: 572
This economy has a "Just getting by" feel to it. People are working, unemployment is low, but people don't seem to "feel" like its working. The stock market has been great, the coverage from day-to-day makes it sound like money is raining on the streets of every major city.


But for most of America the boom missed us. We are all working but there is not much to show for it after taxes, utilities, healthcare, insurance, housing, and other required fixed cost are taken care of. This economy feels like it remained in a "spiritual" recession where the numbers and the "feel" don't match.


My investments are doing well but I have been nervous about this economy for 4 years now wondering if the "Real economy" is actually healthy. Because I learned in 2008 that years of gains can be wiped out in a single bad quarter and it takes years to recover.
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Old 06-07-2019, 09:29 AM
 
Location: Florida
63,031 posts, read 34,328,004 times
Reputation: 10462
Quote:
Originally Posted by workingclasshero View Post
oh, so then you admit the economy is not credited/blamed to congrees, or potus...so neither Obama, nor Trump, nor either party in congress gets the blame for the economy...only the federal reserve...

thanks for playing Finn my friend
No, that is not what I said at all. I was not even talking about the economy, but only the stock market today. Please make an effort to understand what you read.
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Old 06-07-2019, 10:54 AM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,322 posts, read 14,041,763 times
Reputation: 6504
Quote:
Originally Posted by Finn_Jarber View Post
No, that is not what I said at all. I was not even talking about the economy, but only the stock market today. Please make an effort to understand what you read.
you said:
Quote:
Investors expect the poor jobs report will trigger the Feds to take action to stimulate the economy

how am I supposed to read that...


you were talking about the economy...and who controls it...the feds


the feds action helps/hurts the economy
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Old 06-07-2019, 11:14 AM
 
Location: New Jersey
978 posts, read 620,654 times
Reputation: 418
Quote:
Originally Posted by KayAnn246 View Post
Hang on for the wild ride America. Trump destroys anything he inherits. He inherited a robust economy from President Obama who worked for 8 years to repair the economic destruction of the GOP president before him.
If the Obama economy was really good, Hillary would have won.

She ran a bad campaign, could not win the EC like her baby-boomer friend Al Gore in 2000.


The Reagan economy was great in the 1980s, and that's why Bush the Elder won in '88 until it slowed in the early '90s.
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Old 06-07-2019, 12:26 PM
 
Location: Near Falls Lake
2,788 posts, read 1,913,564 times
Reputation: 2609
Quote:
Originally Posted by Eli34 View Post
Anything can happen to this economy when a chicken with it's head cut off is running the show.
Things can and do happen is every economy....regardless of who is running the show!
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Old 06-07-2019, 12:28 PM
 
Location: Florida
22,297 posts, read 9,474,932 times
Reputation: 18200
In other good news, wages went down.
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