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View Poll Results: What are the prospects for the future of the US economy?

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  • The US economy will rebound within 5 years

    36 46.15%
  • It stay in decline and alter our lives permanently

    23 29.49%
  • We don't have enough information, yet.

    19 24.36%
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Thread: The Economy Thread

  1. #919
    Behemoth sargent's Avatar
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    The U3 unemployment rate is a skewed number to make people feel better, but it's 4.9%

    https://data.bls.gov/timeseries/LNS14000000

    And some people are up in arms and whining and smashing things up. Tossers.

  2. #920
    Behemoth sargent's Avatar
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    Is Carmegeddon coming?


  3. #921
    Behemoth sargent's Avatar
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    This is only a proposal. It may not go through, or be implemented as the extreme 401K reduction that's been noted.

    But it goes to show that with the 401k, the govt. has the control and if you trust them to do the right thing, your in for a surprise. If they don't tinker with it yet and reduce the max you can put in, they may do it in the future.

    Not a good move with mid-terms coming in a year, IMO.

    https://www.cnbc.com/2017/08/31/cong...01k-rules.html

  4. #922
    Behemoth sargent's Avatar
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    The stock market continues to go up, but it's gone up so much for so long there will be a correction. With the new tax law and psychology it could take 3 or 4 more years.

  5. #923
    Behemoth sargent's Avatar
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    Who thinks the financial markets in the US are due for a cyclical downturn?

  6. #924
    Barbarian Mater's Avatar
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    i do.

    there will be a major recession. the worse this country has ever had. itíll probably happen during Trump first term. heíll get the blame for it even though itís not his fault. no one at this point can stop it. massive bubbles all over the place. Because of the upcoming recession Trump will not get re-elected.
    -Mater

  7. #925
    Behemoth sargent's Avatar
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    Quote Originally Posted by Mater View Post
    i do.

    there will be a major recession. the worse this country has ever had. it’ll probably happen during Trump first term. he’ll get the blame for it even though it’s not his fault. no one at this point can stop it. massive bubbles all over the place. Because of the upcoming recession Trump will not get re-elected.
    Thanks for posting in here, Mater.

    IMO, The tax cuts (which will push the annual deficits higher and increase the national debt) will delay the next downturn to about 3 years from now.

    Inflation is inching up and there are indeed bubbles in many areas.

    The financial (stock markets) have been increased for the longest time in history and most (all?) of this is because of confidence. Not a good reason for increasing markets.

  8. #926
    Behemoth sargent's Avatar
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    Debt growing as usual - when will be payback time?


  9. #927
    Muscle Head Doloit's Avatar
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    Has anyone encountered in writing a business plan? Can you do this? I study at university and I write work. Part of this work is writing a business plan. I have some difficulties. How to do it right? I even thought here https://edubirdie.com/business-plan-writing-service to ask for help. Maybe someone knows a clear plan, how to write such work correctly?

  10. #928

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    Demographics are the future............time is up.

  11. #929

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    Economy is killing it, Trump is killing it!! Hate the guy or not he is doing all the right things and making all the hard decisions doing what needs to be done.
    "Anyone can speak english when in might get you a little strange lol"

  12. #930
    Colemanesque
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    Quote Originally Posted by Pitbull9 View Post
    Economy is killing it, Trump is killing it!! Hate the guy or not he is doing all the right things and making all the hard decisions doing what needs to be done.
    Yessir, x2

  13. #931

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    Quote Originally Posted by Pitbull9 View Post
    Economy is killing it, Trump is killing it!! Hate the guy or not he is doing all the right things and making all the hard decisions doing what needs to be done.
    He is doing good for the short term, terrible at the long term. He was elected to stop the Demographic shift and drain the Swamp, he has failed miserably so far and time is up.

  14. #932
    Behemoth sargent's Avatar
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    it's great to see GFRules back.H

    Hope he's still around now in late March.

  15. #933
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    General Electric, once one of the mightiest, most well-respected American corporations, announced that it's freezing pensions, for about 20,000 U.S. employees and offering pension buyouts to 100,000 former employees, according to the Pension Rights Center.

    This signals a sad ending to the once commonly held practice of companies offering pension plans to their employees to afford them a comfortable and secure retirement.

    GE’s was the epitome of a success story in corporate America. In its 127-year history, the company was responsible for creating revolutionary technologies, earning amazing profits. However, now mired in problems, the company has been accused by Bernie Madoff whistleblower, Harry Markopolos, of alleged fraud.

    GE was an original member of the Dow Jones Industrial Average. Its scientists invented and perfected products such as light bulbs, X-rays, refrigerators, televisions, commercial jet engines and nuclear power plants. The company also became a leader in financial services and attracted the best and brightest scholars and bankers.

    The company rose to its zenith under the stewardship of legendary CEO Jack Welch.

    Welch became a household name—one of the first celebrity CEOs. For two decades, he was heralded as the pinnacle of success. Under his reign, GE was one of America’s most prominent companies with a $600 billion valuation in 2000. Over 300,000 employees worked at GE in 150 U.S. factories and at 176 manufacturing plants in over 30 other countries. GE’s pension plan made it possible for 485,000 employees to retire. Evolving from products into services, GE Capital, its financial division, led the company’s growth.

    After Welch retired, a succession of new CEOs and business challenges, GE's fortunes had faded and the company became a shadow of its former glory. With less revenue and profits, GE still has substantial pension liabilities for its 600,000 retirees, workers and beneficiaries. The pension is underfunded by $27 billion. A Barclay’s research analyst, Julian Mitchell wrote, "The impact on employee engagement/morale of some of these pension measures is unlikely to be positive, but in a situation of 'corporate battlefield surgery,' this tends to be a typical, if unfortunate casualty."

    The most recent body blow was from whistleblower Harry Markopolos, who alleged that GE was engaged in fraudulent business practices. In an extensive report, he accused GE of making fraudulent financial filings to cover up its huge obligations. Markopolos is collaborating with an unnamed hedge fund, which is using his information to sell short GE’s stock price. They hope to benefit as the share price declines. GE’s share price has plummeted from a high of $50 in January 2000 to under $9 today.

    Unfortunately, most American workers do not have corporate pension plans to rely upon. However, many do offer 401(k)s. With the withering away of pensions, it is another challenge for people to accumulate sufficient funds to retire with dignity and general comfort.

    https://www.forbes.com/sites/jackkel.../#3a5e43c51658

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