Uh oh.
A federal judge in a hearing about Manafort bank fraud charges, is saying that Mueller should not have "unfettered power," raising questions about the scope of the investigation.
Uh oh.
A federal judge in a hearing about Manafort bank fraud charges, is saying that Mueller should not have "unfettered power," raising questions about the scope of the investigation.
Rigged for Hillary wrote:
Uh oh.
A federal judge in a hearing about Manafort bank fraud charges, is saying that Mueller should not have "unfettered power," raising questions about the scope of the investigation.
https://www.reuters.com/article/us-usa-trump-russia-manafort/u-s-judge-questions-special-counsels-powers-in-manafort-case-idUSKBN1I51WE
LOL ... the same partisan judge who threw out ballots for a democrat that resulted in a republican stealing an election. ... You cannot be serious.
https://www.washingtonpost.com/opinions/republicans-benefit-from-a-double-disenfranchisement-in-virginia/2018/01/08/ec5ae9c0-f3bd-11e7-9af7-a50bc3300042_story.htmlUnemployment drops, but wage growth remains sluggish
This is the new normal and one of the issues that ended Obama's administration as unpopular. Democrats mostly ignored the issue in the 2016 general election, while Trump didn't.
As the labor pool shrinks, wages should increase. Wages should have really increased somewhere after 6% unemployment. No such thing has happened. In the same way inflation pressure is still very low. The low wage growth and low price level pressure is actually quite a mystery for economists.
Rigged for Hillary wrote:
Uh oh.
A federal judge in a hearing about Manafort bank fraud charges, is saying that Mueller should not have "unfettered power," raising questions about the scope of the investigation.
https://www.reuters.com/article/us-usa-trump-russia-manafort/u-s-judge-questions-special-counsels-powers-in-manafort-case-idUSKBN1I51WE
Well, I am for whatever the deciding judge determines. If it is determined that some things against Manafort get tossed out, then so be it. I am for the rule of law, so whatever the rule of law says here, I will accept.
pop_pop!_v2.2.1 wrote:
Unemployment drops, but wage growth remains sluggish
This is the new normal and one of the issues that ended Obama's administration as unpopular. Democrats mostly ignored the issue in the 2016 general election, while Trump didn't.
As the labor pool shrinks, wages should increase. Wages should have really increased somewhere after 6% unemployment. No such thing has happened. In the same way inflation pressure is still very low. The low wage growth and low price level pressure is actually quite a mystery for economists.
Proving that truckle-down, voodoo, economics does not work. . . . More jobs but same old pay.
Rigged for Hillary wrote:
Uh oh.
A federal judge in a hearing about Manafort bank fraud charges, is saying that Mueller should not have "unfettered power," raising questions about the scope of the investigation.
I'm not a lawyer and I know that isn't true. The judge's only role is to deal with the charges. That wouldn't be the first over-eager prosecutor.
Where does the deep state fit into this? I can't keep up with the conspiracy theories.
pop_pop!_v2.2.1 wrote:
Unemployment drops, but wage growth remains sluggish
This is the new normal and one of the issues that ended Obama's administration as unpopular. Democrats mostly ignored the issue in the 2016 general election, while Trump didn't.
As the labor pool shrinks, wages should increase. Wages should have really increased somewhere after 6% unemployment. No such thing has happened. In the same way inflation pressure is still very low. The low wage growth and low price level pressure is actually quite a mystery for economists.
And big corporate tax breaks were also supposed to incentivize corporations to increase wages with their extra cash.
So did everyone here get a 5-10% pay increase?
Corporations are just pulling in more cash and keeping it and employees are going along with and accepting tiny pay increases.
Whether it's low unemployment or corporate tax cuts that should put pressure on increasing wages.
Trump approval hits 51%!!!!
Much higher than cheatin hussein ever achieved.
Suck on that, democrats/queers.
Tax Gifts wrote:
pop_pop!_v2.2.1 wrote:
Unemployment drops, but wage growth remains sluggish
This is the new normal and one of the issues that ended Obama's administration as unpopular. Democrats mostly ignored the issue in the 2016 general election, while Trump didn't.
As the labor pool shrinks, wages should increase. Wages should have really increased somewhere after 6% unemployment. No such thing has happened. In the same way inflation pressure is still very low. The low wage growth and low price level pressure is actually quite a mystery for economists.
Proving that truckle-down, voodoo, economics does not work. . . . More jobs but same old pay.
Maybe middle class Americans don't realize they should be asking for raises? Legit though, a company isn't going to just give you more money. You either have to get a new job that pays more or demand a raise.
Tax Gifts wrote:Proving that truckle-down, voodoo, economics does not work. . . . More jobs but same old pay.
Yes, but, will the blame fall to Trump? A whole bunch of people are perfectly happy making themselves poorer for someone else. That's the mode wage Republican voter.
I don't remember the article, but it was talking about a modern "company town." The town's tax base is dwindling and infrastructure decrepit. The average person poorer than the turn of the last century. Yet, it was okay because they considered the owner a local.
Racket wrote:
Tax Gifts wrote:
Proving that truckle-down, voodoo, economics does not work. . . . More jobs but same old pay.
Maybe middle class Americans don't realize they should be asking for raises? Legit though, a company isn't going to just give you more money. You either have to get a new job that pays more or demand a raise.
More likely is that millennials are accustomed to tiny raises. Giving them a big raise will only serve to inflate their heads, and result in their screaming when in following years their raises are flat.
Quitting and getting a new job is the only way to get a good pay increase these days.
L L wrote:Whether it's low unemployment or corporate tax cuts that should put pressure on increasing wages.
But it hasn't. At all.
Corporate tax cuts normally end in special dividends or buybacks with insignificant changes in employment or productivity.
The U.S. is WAY above fully employed ( ~6%) at this point and there is still no wage pressure. Trump's forgotten voters forgotten.
The only question is, will they blame him?
Racket wrote: You either have to get a new job that pays more or demand a raise.
Again, at 4% unemployment, there should be substantial wage pressure. In real life, that translates to raises or finding other work at higher wages. That isn't happening.
pop_pop!_v2.2.1 wrote:
Racket wrote: You either have to get a new job that pays more or demand a raise.
Again, at 4% unemployment, there should be substantial wage pressure. In real life, that translates to raises or finding other work at higher wages. That isn't happening.
Well under my hypothesis everyone is sitting around waiting to get paid more from the good grace of the company. Maybe the Fed should do a PSA : Everyone go ask for a raise
Racket wrote:
pop_pop!_v2.2.1 wrote:
Again, at 4% unemployment, there should be substantial wage pressure. In real life, that translates to raises or finding other work at higher wages. That isn't happening.
Well under my hypothesis everyone is sitting around waiting to get paid more from the good grace of the company. Maybe the Fed should do a PSA : Everyone go ask for a raise
How is it the case millions of workers collectively gave up on higher wages? This would be a novel situation as compared with at least 100 years of economic history.
pop_pop!_v2.2.1 wrote:
Racket wrote:
Well under my hypothesis everyone is sitting around waiting to get paid more from the good grace of the company. Maybe the Fed should do a PSA : Everyone go ask for a raise
How is it the case millions of workers collectively gave up on higher wages? This would be a novel situation as compared with at least 100 years of economic history.
How about a huge generation that's retiring more by the day and don't care (boomers) and a huge generation that has always had stagnant wage growth (millennials, maybe some Gen X). I have no idea why wages are flat, just spit-balling.
pop_pop!_v2.2.1 wrote:
Racket wrote: You either have to get a new job that pays more or demand a raise.
Again, at 4% unemployment, there should be substantial wage pressure. In real life, that translates to raises or finding other work at higher wages. That isn't happening.
To be fair, wages have increased a bit since Trump took office. I consult for many companies, and they have seen people jump to other jobs in the last couple of years due to more money being offered, and it is costing more and more to hire replacements. Perhaps not as fast and as much as a now 3.9% unemployment rate would suggest, but it is beginning to happen.
I don't give Trump credit though. This would have happened no matter who was elected. The issue is too many retiring people. I called this years ago that we would come out of the recession with record low unemployment and that many industries would be hurting for employees. Manufacturing is one of those right now.
Must be said though...it doesn't matter if some good things happen under Trump's watch. He is still a really bad person, a horrible leader, and he will be caught with regard to his transgressions.
Mueller is coming.
The clown is done.
Another question to ask is if wages do start to pick up, will be people even be able to enjoy it? The Fed is already in the process of raising rates and has inflation on the mind. This seems to be a good time to be a corporate executive or heavy investor with the stock market doing so well and corporate profits at an all time high (not to mention insane stock buybacks going on right now) but once again middle class America is going to be left out to dry.
You are CORRECT! Middle class and below will be left out to dry. That is almost always the case. People like me will ultimately gain big time because I have money in the stock market.
Oddly enough, inflation also ultimately helps push up the markets, so that helps investors too. AND, if inflation ever gets really out of control like late 70s-early 80s, CD rates will go through the roof, and you can always park some money there and make big coin.
The wage situation is murky. There are structural issues impacting the supply/demand forces. Automation and changing operational landscape of major companies continue to mess with the labor supply "mix". An overall diminishing base of labor supply shouldn't be seen as a sole factor to push wages up. We have to look at the change in overall quality of those jobs and the changing skillset needed for them. For example, should a bookkeeper get paid any more today vs 10 years ago if software has improved enough to significantly facilitate their work? I'm just saying the story changes as you peel the onion.
This is actually not a great time to be a corporate executive, from a wealth creation point of view. For example, executives who earn stock options as part of their pay packages are getting them locked in at all time high valuations... which is awful since most likely we will see a market correction soon enough so when they vest they might be exercisable at a significant margin above future prices (you want to exercise stocks at a strike price that is much lower than the market rate, not the other way around).
The middle class was already left to dry since 2009. If you had capital back then to invest in real estate or the stock market you would have done very well by now. The reality though is that most Americans didn't save a penny and still haven't saved much since, so they will be left out of the opportunity set once again at the next down cycle. Every time we have a downturn the wealthy jump significantly further ahead from everyone else because they can buy the dip.
On that note, here's some good advice. Even if you aren't finance-savvy, you'd be wise to check on your 401k holdings right now and move away from high risk assets. Right now, the market is experiencing 1) excessive heating (valuations have run ahead of earnings way too much - the bubble needs to either vent or burst), 2) the continued increase in interest rates and inflation is stumping the momentum, and 3) we are in the middle of reverse QE, it's not in the headlines all the time but it's a huge downward force in the markets. We can either go up further from here, go sideways for a while, or go down. It's gotten harder and harder to make the case for further gains (all that tax BS and prior economic ramp up has been priced in a long time ago), so the higher probably is a move sideways or down, in which case you don't want to be in high risk assets. Do yourselves a favor and shift out of equities and into interest-bearing instruments (not high-yield debt). You don't have to take my advice, but this is exactly what I did in 2008. I watched my money on the sidelines while missing around a 5% return because timing is not easy, but I saved my 401k from taking a 30-40% plunge in the end.
RIP: D3 All-American Frank Csorba - who ran 13:56 in March - dead
Great interview with Steve Cram - says Jakob has no chance of WRs this year
RENATO can you talk about the preparation of Emile Cairess 2:06
Hats off to my dad. He just ran a 1:42 Half Marathon and turns 75 in 2 months!
2024 College Track & Field Open Coaching Positions Discussion
adizero Road to Records with Yomif Kejelcha, Agnes Ngetich, Hobbs Kessler & many more is Saturday