41–50 of 97 posts
Earlier quoted context omitted.
Your bank account says “find a better job”. In today’s job market there’s really no excuse for anyone who can understand at least half the news posted on this site to make less than six figures.
Tell that to the people on the wrong side of 40.
Earlier quoted context omitted.
A CEO once told me, "If you owe someone $1 million, then they own you. If you owe someone $1 billion, then you own them." I think that the orgs who are owed by US are primarily concerned with maintaining the status quo, rather than gutting the golden goose.
We're still using real money to pay interest on our debt, yes?
Edit: Since this was down voted, I want to be clear: this is not snark. This was meant as a very real commentary on how important it is that we have the ability to inflate our way out of debt. It's critical to understanding the power dynamics at play here.
Earlier quoted context omitted.
The increase is measured in "real terms" which means things like CPI are taken in to account. Further this number does decrease, for example during the last recession, so household median income is not directly correlated with inflation -- especially in this era of low inflation (compared to the mid-to-late 20th century inflation) that we've been in for a while.
" which means things like CPI are taken in to account." Yes - but we should all be weary of this. CPI is measured in funky ways, and it's tough one. Problems with measures: + Both housing and Oil prices are usually left out of the numbers they use (included in others). There are reasons for doing this, but it's bazonkers crazy to think of 'consumer prices' as not including their #1 item (housing) and a huge variable…
From context, I suspect, though I'm not certain, that you mean “wary” (cautious), not “weary” (tired).
How is "all time high" income surprising, given that inflation essentially guarantees perpetually increasing dollar amounts of everything?
The increase is measured in "real terms" which means things like CPI are taken in to account. Further this number does decrease, for example during the last recession, so household median income is not directly correlated with inflation -- especially in this era of low inflation (compared to the mid-to-late 20th century inflation) that we've been in for a while.
Does CPI decrease artificially based on subsidies to the indexed goods? For example with milk or any food with corn syrup, where the actual cost of production isn't reflected in the market price.
Earlier quoted context omitted.
Your bank account says “find a better job”. In today’s job market there’s really no excuse for anyone who can understand at least half the news posted on this site to make less than six figures.
What about all the people that have no interest or ability to code? What happens when everyone does code? Wages collapse.
We're in the midst of an insane sociological revolution regarding "ability." 100 years ago it didn't matter if you had a 140 IQ because you were just out plowing the field the same as your neighbor. For the first time in the history of mankind general cognitive ability is the biggest factor in your ability to acquire resources. Unfortunately that's largely biological in nature. You can reduce IQ pretty easily with poor nutrition, abuse, etc. But it's really hard to raise IQ meaningfully. Life is already difficult for well meaning, hard working people with low cognitive ability, and I think it's only going to get worse. In the meantime, high cognitive ability people will be doing well, whether they're coding or doing other brainy work.
I'm curious: is anyone at a point where they're pulling out of equities at all? I feel like things are getting a bit too good to be true in the markets. The Shiller P/E ratio is at a 2nd-time high - the only other higher time being the dot-com boom and bust: multpl.com/shiller-pe/
Trying to time the market is a well known suboptimal strategy. Just leave your money and try not to worry about it.
Earlier quoted context omitted.
Your bank account says “find a better job”. In today’s job market there’s really no excuse for anyone who can understand at least half the news posted on this site to make less than six figures.
Tell that to the people on the wrong side of 40.
Earlier quoted context omitted.
Trying to time the market is a well known suboptimal strategy. Just leave your money and try not to worry about it.
Unless you’re retiring in the next five years or something like that.
I think these are a decent choice for disinterested people.
For context, the survey covers 2015-16. The gains are from the last administration.
The first year of someone's term is very rarely affected by their policies. My particular pet hate is when politicians start bragging about how their policies are responsible for good economic news when they're still in the first three months. Truth is that economies change slowly, and politicians have much less control over it than we all like to believe.
War can change things, disasters, foreign economic threats (say a trade war with a major superpower). Those can have rapid effects as well.