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I've always been in the camp that higher GDP isn't always good, and that our government considering higher spending and lower savings as a measure of success is irresponsible, so I think we are in agreement here.
I mean the best way to protect the every day people from hard economic times is to ensure they aren't overspending, but instead are saving extra cash to get through hard times. However by pushing consumption with every lever they have, and simultaneously keeping interest rates low, its doubling down on the incentive for people to spend rather than save.
I'm with you and have lived that way my entire adult life. But I think we are the exceptions and "popular" government, as the saying goes, gives the people what they want (and good and hard...)...
It is the people who want their stuff despite making their children and future generations pay the bills. Add that to the Capitalist Health Care and Security State (all about profit there too) and we have simply spent more than we have. There is no choice. Our system is designed to bring out the maximum selfishness in each individual - and "the commons" lose in that regards.
Greed is not Good. Neither for the planet, ourselves or our children or our country.
Sure. Most retirees don't gamble with their life savings.
The market is going down again......
Today should have been an up day with short covering and bargain hunters coming in. Instead, the Trump admin leaks more tariffs are going to be put on Chinese goods and bam, down 500.
Sure. Most retirees don't gamble with their life savings.
The market is going down again......
The market is one big gamble of risk/reward every single day. Retirees don't belong invested primarily in equities, nor did I suggest they should be, so don't imply that.
I simply stated that there is opportunity in volatility. Those with a longer time frame have great opportunities if they understand that markets go up and down in long cycles, regardless of who the POTUS is.
Today should have been an up day with short covering and bargain hunters coming in. Instead, the Trump admin leaks more tariffs are going to be put on Chinese goods and bam, down 500.
Today should have been an up day with short covering and bargain hunters coming in. Instead, the Trump admin leaks more tariffs are going to be put on Chinese goods and bam, down 500.
Actually what they leaked was that if the talks fail, that more tariffs will occur.
I'm not convinced that China wouldn't see this as a good thing long term. It will damage us more I think, while it will help them with their goal of moving more of their GDP into internal sales. Plus giving in to the US as Trump demands will involve a insane amount of lost respect.
But there is some pain there. I just don't think its sufficient for Trump to get what he wants. I think China will play hardball.
Trump hasn’t mentioned the market lately. I wonder why?
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