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America is “great” for the already wealthy. That’s about it
No doubt we are heading in for another 2008-like recession. Unchecked greed at the top and lack of accountability continues to sweep America into the dust bin of history
Yes, and any reason for doom and gloom is a source of news for those who thrive on trying to point out how bad things are constantly even when they are not. I get e-mail almost every day from recruiters, I guess they have not heard this bad news too. Many companies are offering referral bonuses if you can recommend someone for a job there. I guess they have not heard of this bad news either.
I also don't understand all the doom and gloom on this forum. I understand that things are never going to be perfect. Hell, they may feel disastrous in your life in particular. Things can be generally good even if they may not be so good for someone at this moment. Perpetuating doom and gloom has never resulted in anything positive; it serves only to perpetuate more doom and gloom. I'm not saying that you can snap your fingers and positive-think your way out of a bad situation, but a positive mindset is vastly superior to a negative mindset in overcoming adversity.
Even so, Kudlow is advocating for policymakers to cut interest rates. “If I had my druthers, I'd love to see him [Powell] take back 50 basis points,” he said. Kudlow also noted he was misquoted Opens a New Window. last week during an interview in which he reportedly called for a rate cut “immediately,” adding, “I never did. It was an incorrect report.”
During the Fed’s March Opens a New Window. meeting, policy makers signaled there would likely be few-to-no rate hikes in 2019, a major pivot from their hawkish position late last year.
Conservative economist Stephen Moore, Trump’s newest Fed board nominee, is calling on the Fed to go a step further. “I would look very carefully at repealing the rate increase that happened in December,” he said during an interview on FOX Business. Additionally on Thursday, reports surfaced that former pizza CEO Hermain Cain Opens a New Window. is also set to join Moore as one of Trump's Fed nominees.l
The economy slowed down several months ago, going back to the holiday season. People have been 3 months past due on car loan payments. Hiring has slowed. New home sales slowed but I think that picked up again a month or two ago.
I wouldn't say we are in a crash, but it slowed. The economy will never be bursting at the seams of greatness every day of every year. There are going to be periods of slow growth, fast expansion, etc. No inflation is good news.
By the summer the economy could gain strength again or continue to slow.
When truckers complain business has gotten slower is when you know there is an economic slowdown.
Truckers Cut Payrolls As Freight Demand Softens
Hiring in broader logistics slows as red-hot growth pace of 2018 cools down
Trucking companies pulled back from hiring in March as freight demand softened and job growth across the logistics sector slowed.
Carriers cut payrolls by 1,200 jobs last month, according to preliminary figures the Labor Department reported Friday, halting a nearly yearlong expansion amid signs a hot streak that boosted transportation companies’ profits in 2018 is cooling.
Trucking company Covenant Transportation Group Inc. last month lowered its first-quarter profit forecast, citing weaker than expected freight volumes from late January through mid-March.
“We attribute the softer demand to factors such as late 2018 inventory growth in advance of the perceived impact of tariffs, the effects of the partial government shutdown on spending and extended periods of inclement weather,” the company said in a statement.
Location: In a perfect world winter does not exist
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Here in Seattle I do food catering and serving on weekends. Last year you could name your desired work place and hours. This spring, Nothing going on. Employees are jumping at whatever they can get and Seattle is still one of the biggest growth cities around. This is my indication that everyone is holding back on expenses.
I understand that things are never going to be perfect.
No one is talking about things being "perfect". That's a red herring typically raised in discussions like this to try to distract attention away from what people are actually saying, because there isn't a legitimate rebuttal to what they are actually saying.
What this is about is how things were better and now they're worse.
Better; worse.
Again, no one is talking about "perfect".
Quote:
Originally Posted by Sir Quotes A Lot
I'm not saying that you can snap your fingers and positive-think your way out of a bad situation, but a positive mindset is vastly superior to a negative mindset in overcoming adversity.
That may be the case for an individual in the situation, but what makes you think you're conversing solely with such people? I'm months from retirement, and I suspect some others in this thread are already retired. It isn't about getting the next job for us, but rather concern about the world-slash-labor/employment marketplace that we're leaving for the young ones in our family.
No one is talking about things being "perfect". That's a red herring typically raised in discussions like this to try to distract attention away from what people are actually saying, because there isn't a legitimate rebuttal to what they are actually saying.
What this is about is how things were better and now they're worse.
Better; worse.
Again, no one is talking about "perfect".
That may be the case for an individual in the situation, but what makes you think you're conversing solely with such people? I'm months from retirement, and I suspect some others in this thread are already retired. It isn't about getting the next job for us, but rather concern about the world-slash-labor/employment marketplace that we're leaving for the young ones in our family.
Agree. I am retired and have the same concerns. As bUU says it used to be better and now it is worse. What is so hard to understand about that? Yet somehow when someone points that out it is labeled as a complaint or a "doom and gloom" outlook. It is what it is.
Only if you have experience, and are under age 40. If neither, game over.
Some even say age 35 now....
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