@Azadre, this and that companies closing isn't a sign of recession to come. Companies closes door all the times. Big picture man . I'm though, sad to see that the iconic Sears is about 1 years away from shelving itself for good - and if you learn about what happen to Sears, how it has been managed, with serious allegation that the CEO doesn't care because he's playing both side (closing or not, he still comes out ahead), you wonder how complicated financial rules and scheme are to enable such shameless moves by the CEO.
yip, the US economy was so severely damaged by W's ineptness, it'd take more than 8 yrs to fully recover. as a point of reference, it took the US ~~15 yrs to recover from the previous Great. Depression. Still, on the heels of the economic cratering in '08/'09, these accomplishments are mpressive: 73 consecutive months of non-Gov job creation, w an avg of >100K unemployment rate declined from ~ 7% to 4.8% W left office w a GDP that was shrinking; under O, it has been growing ~ 2% The US economy has been healthy enough that the Fed has end QE ~2+ years ago; since then, the Fed has raised interest rate twice under O, QE has been proven to be effective. it kept the economic afloat, as overall economic activities slowly regain footing. they are two separate metrics
It's hard to take anyone seriously when they use hyperbole. It's not smoke and mirrors, we are just undergoing to demographic and technological shifts. More people retiring and more people in school effect labor participation along with large advances in productivity due to technology. The same factors will be at play with Trump, except more people will be retiring and more technology will be used to increase productivity. I'd expect the same type of policies as the Bush Jr administration as Trump which doesn't help the lower and middle class.
Possibly It's just another casualty of the digital economy. Why go to the circus when you can watch a YouTube video of lions and elephants who were much less likely to be abused by trainers. At this point I am just going to sit back, watch, and go into another month or two long hibernation.
But they drive 4Runners, shop at Wal-mart and use hispanic farm labor, especially in the rural Midwest.
wait until... virtual reality is the replacement for the real reality; who need to go on vacation, or anywhere?
4Runners are at least a product of Japanese innovation. What crucial innovation do China and Illegal immigrants offer with the other two, respectively?
Doesn't matter, your trade war claim is bullshit to begin with, so no need to move the goal posts with this weird qualifier.
A trade war with Japan would remove innovation. Trade war with China or Mexico would remove cheap labor. We have automation that can easily take the place of cheap labor - not so much innovation.
'lol' at trade war with Mexico. Ill just grow my own avocados. And it really matters not, Americans dont eat fruits and vegetables.
Revisiting this thread because we did not have any recession in 2017. Despite a lot of noise from the administration, we kept the course we have been on. No trade wars, no real Brexit, no pulling out of NAFTA. But we are seeing the collapse of the retail brick and mortar sector. Old standbys are going extinct. Sears and Macy’s are ill. https://www.thestreet.com/story/143...stores.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
so far, in 2017, we're witnessing a global synchronized---w a little help from the central banks---economic growth. more than offset by online retail
If Sears and Macy's are losing due to online activities, doesn't that mean that the industry for delivering packages would be growing and so are shipping and receiving departments? There would be more work for people who create/manage online websites. Just like previous economies, when one industry goes down, the folks who got laid off tend to learn new skill sets to adapt.
you need to crawl out of your cave sometimes here are some eg Floating solar power plant Quantum Science Satellite (communicaton between earth and outer space) Five hundred meter single-Aperture Spherical Telescope 3D printed houses 33.86-petaflop supercomputer customized server chip damn, ur ignorant a trade war w China will lead to run-away inflation in the US, then it would spread globally. Under this scenario, the country w low savings rate would suffer the most. Personal savings rate: China ~ 15%, Japan ~ 10%, US 2-3% Gross (personal, Corporate and Gov't) savings rate: China, almost 60%, US ~ 25% btw, even an ignorant fool such as you knows that there has always been / there will always be cheap labor
I think inflation has been a big bad for big cities as housing/rent and food has become crazy expensive. Might not be official inflation, whatever the hell that means right now, but the current situation is felt by everyone living in an urban area and of course, asset classes like real estate, stocks, and casino chips such as crypto currencies.
Trade war with Mexico would hurt Mexico. Trade War with China would hurt us as it would drive up inflation. It would cause a recession in both countries and would be naive for either country to try to do. The way to beat China was with TPP which would have made us less dependent on China and thus more able to gain leverage. But Trump is too much of an idiot to understand these things.
Sears is barely surviving by a thread. I heard, like General Electric, Sears has holdings with many household appliance brands and also is in the commercial banking business. I could be wrong. A bunch of KMarts closed down and I think the only remaining brick and mortar Sears/KMart is in strong economic areas such as the DC MD VA area.
