Trump - December's stock market fall a 'glitch'

[zydeco]

37 minutes ago, bristolboy said:

The Fed is supposed to raise rates when serious inflation is in the offing. One of the indicators of that is when workers' wages are rising much faster than inflation. In fact most workers' wages are only slightly ahead of inflation. In fact serious inflation doesn't seem to be in the offing.

If you don't think there has been large scale inflation in the US over the past decade, you've never lived there. Workers wages have been kept in check with a simple mechanism, large scale immigration, H1 B visas, J 1 visas, not to mention non enforcement of immigration laws that allowed illegals to work for low wages and no benefits, the latter of which were picked up by the taxpayer. Here's a chart (how many lower cost TVs do I need every year compared to health care, education, food, housing): https://www.cnbc.com/2017/04/24/things-are-more-expensive-than-they-were-10-years-ago.html

 

[bristolboy]

5 minutes ago, zydeco said:

If you don't think there has been large scale inflation in the US over the past decade, you've never lived there. Workers wages have been kept in check with a simple mechanism, large scale immigration, H1 B visas, J 1 visas, not to mention non enforcement of immigration laws that allowed illegals to work for low wages and no benefits, the latter of which were picked up by the taxpayer. Here's a chart (how many lower cost TVs do I need every year compared to health care, education, food, housing): https://www.cnbc.com/2017/04/24/things-are-more-expensive-than-they-were-10-years-ago.html

 

That inflation chart is just cherry picking. The BLS does a comprehensive survey and it shows nothing like that. And before you resort to the usual nonsense about the BLS faking its results, there is also the matter of the Billion Price Index. At one point that was the great hope of the inlation exaggerators who believed it would prove that the BLS lied. In fact, it tracked virtually exactly the BLS numbers.

And the case for wages is a lot more complicated and actually worse than you imagine. It's not so much illegal iimmigrants, who do depress wages in low skilled areas, or even H-1B or H-2B visas (the kind Trump's businesses use when they are not hiring illegals) but the lessening of competition as a few business dominate their various fields.

But none of this explains why you are upset about US debt and low interest rates.

[Kieran00001]

42 minutes ago, Boon Mee said:

If calling the Fed Chairman who irrationally hiked the interest rates a 'glitch', then Trump is correct once again. 

 

When would be a rational time to raise the rates if now is "irrational", or do you not have the first idea what you are saying?

[bristolboy]

33 minutes ago, Kieran00001 said:

 

When would be a rational time to raise the rates if now is "irrational", or do you not have the first idea what you are saying?

When there are signs that the economy is overheating. That hasn't happened yet.

[zydeco]

4 hours ago, bristolboy said:

That inflation chart is just cherry picking.

You really do not know much about living in the US, about where costs arise, how they are applied to every day living. And you cannot see what is going on with the Fed, which is between a rock and hard place. It either chokes off the stock market or crashes the currency. Are you long FAANGs or something?

[bristolboy]

4 minutes ago, zydeco said:

You really do not know much about living in the US, about where costs arise, how they are applied to every day living. And you cannot see what is going on with the Fed, which is between a rock and hard place. It either chokes off the stock market or crashes the currency. Are you long FAANGs or something?

You are obsessed with the stock market. I could care less about how the stock market does because it has very little effect on the lives of most Americans. 84 percent of stocks are owned by the economic top 10 percent of Americans. As for the Feds crashing the currency, I really don't understand your economic viewpoint at all.  The currency would go a little lower if the Feds cut interest rates. But crash, really?   The Treasury could still sell bonds at a lower rate which would lower the rate of increase of the debt.

And as for inflation, one thing you're forgetting is how the ACA has been a huge help to working Americans at the bottom of the economic ladder. For them, health care is a lot more affordable.

And the BLS does makes a huge effort to have its inflation reading tied to how Americans actually live. Of course, since every person purchases differently, their personal inflation rate will differ somewhat from the Feds: either higher or lower.

[Pib]

 

Another stock market "glitch" 3 Jan 19.    Mr Tariff Man strikes again.

 

 

 

[Cryingdick]

14 minutes ago, Pib said:

 

Another stock market "glitch" 3 Jan 19.    Mr Tariff Man strikes again.

 

 

 

 

Yes because of a strong ???? dollar Apple was forced to sell their top of the line phone with 512 GB for 12,799 RMB ($1,864.28) I am a shareholder and follow Apple quite closely as a trader and an enthusiast. Their prices are way out of line right now. You can expect AAPL to continue to fall.

 

Their current business model isn't sustainable and the entire market knows it right now. The more excuses Cook makes the  more Apple will be punished. The stock plunged because they do not currently have enough services to make up for sluggish phone sales. 

 

i am sure economic conditions in China didn't help however it isn't Trump's duty to ensure the Chinese economy is healthy. Anyway wasn't everybody just saying that the tariffs on China weren't working? 

 

Hopefully next week a deal will be made but China is taking the worst of it now.