21–30 of 276 posts
Even if you were laid off after the Dot-Com Crash or the Great Recession, you didn't have it anywhere near as bad as someone outside this industry.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
I actually kinda want the stock market to crash although all of my money is in it. At least we'd all stop worrying about when it's gonna crash once it has and move on with our lives :)
A coworker told me he thinks as long as people think it might crash it won’t crash.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
And the largest deficit in history... Who is going to pay for the debt fueled growth? Hint: Its not the people benefiting most from the markets... The US economy is as stable as Trump and as factually real as his skin tone...
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
In modern times the stock market has acted as a lagging indicator, as does consumer confidence (obviously). Both are generally sky high before things turn dark. Liquidity means that the realistic future concern is a very small window. If, on the other hand, each share transfer had a non-transfer limitation for say five years, the market would be way more predictive.
Job openings, on the other hand, tend to be a leading indicator.
So...yeah. As an aside, USMCA that congress "sat on" is a tiny reworking on the long in place NAFTA. Most economic analyses show it having an absolutely negligible effect on the US economy. Pretty weird to highlight that. Or that's just an anti-Trump conspiracy?
"Reuters just salivating over finding something they can spin as negative about the current economy."
I remember a couple of weeks ago it was something about Bloomberg trying to downplay Trump's great economic accomplishment (which is pushing towards a $1.3T deficit -- who knew Republicans loved deficits so much? -- with record low interest rates AND quantitative easing, all while lambasting the fed, setting up conditions for a devastating recession)
That there is a pretty loud pro-Trump contingent on HN has always baffled me. To be uncharitable, I cannot comprehend how otherwise intelligent people can be so completely stupid.
EDIT: https://news.ycombinator.com/item?id=21968066 - that was the story 11 days ago about nine states facing economic contractions. Unsurprisingly the top posts were that it's Fake News and some sort of anti-Trump conspiracy.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
This doesn't indicate if is good or bad. You need to know employment rate as well, all the job could be getting filled faster than they are opened.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
Except, of course, as people are finally starting to notice and point out, high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings.
All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.
Except, of course, as people are finally starting to notice and point out, high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings.