Dow cracks 45000 (45010.29) on trade deal news

[Cellblock2429]

But Door Dash guy can't because his rent, utilities, and food are rising faster than his wages, and he went into debt to finance a car that's significantly more expensive than it was a decade ago.

/----/ Well, then that means I'm a brilliant, resourceful guy, because I did all of that. My weekly salary covered my living expenses, and my part-time job as a bartender increased my income by 50%. But according to your doom and gloom attitude, I'm special.

 

[Mashmont]

People on the lower end of the wage scale can't just move. Capital can move a lot more easily than people. Manhattan real estate investor can buy multiple homes that he either rents out or just leaves vacant as an extra home for whenever he's tired of Manhattan.

Besides that, everyone else is going to have the same idea: move to where the mortgages and rents are cheaper. That's a good idea at first, but as I said, capital moves more easily than people. That's why globalization has been such a disaster for the working class. Using your logic, the white working class family man in some small town in Ohio should have just moved with his factory to Mexico or China when the executives decided to relocate the plant.

Thankfully, the great man, Trump is moving these jobs back to Ohio.

 

[leftwinger]

In April when the DEM panic set in over evil tariffs, I put one 401K to 75% "ALL-IN". I have made nearly 11% since that date.
Rate of Return for the period beginning January 1, 2025 and ending July 24, 2025 is 10.54%

Safer Bond-Heavy IRA (I cannot touch without complicated Financial advisor help, THX Obama) is doing 7.5%. WINNING.

Hard to find a STOCK posts bashing Trump or tariffs when the markets are going good? Stain avoid like Obama avoids truth.
Board panic maggots can enjoy 0.05% saving accounts or if lucky a 4% CD with money locked down for 6 months.

 

[Blaster]

"In Trump We Trust"

 

[multivita-man]

/----/ "People on the lower end of the wage scale can't just move."
Of course they can. I did it; my colleagues did it. When I lost my job in 1972, I moved from an expensive neighborhood in Nassau County to Richmond Hill, Queens, at almost half the cost and two blocks away from the subway.
Besides, why are they are living in an expensive place in the first place?

It's not 1972.

 

[Cellblock2429]

It's not 1972.

/----/ In what year did it become impossible to move to an affordable neighborhood and close to public transportation?

 

[luiza]

View attachment 1140132

Not great, not terrible.

4 points below the all time high.

The bubble persists .
Just a matter of time before there is the huge explosion .

Timing depends on what delaying tactics are used -- lower interest rate(s) , more money creation ( imaginary QE scamming).
Feel sorry for the ordinary person in Equities etc who does not heed the warning signs .
Even the banks admit that this implosion risk is now between 40--50% .
And they are the last people to ever tell the full Truth to the Sheeple Herd .

 

[multivita-man]

/----/ In what year did it become impossible to move to an affordable neighborhood and close to public transportation?

Beginning in the 1970s, wages stopped keeping up with productivity gains, which is significant because it means that more of our GDP growth gains went to the people who owned the capital, not the labor that produced it. Over time, the working classes have received less of the productivity gains and they've maintained consumption levels with higher debt levels and less in household savings. For a while, that didn't matter too much, but over the span of 50 years, it has led to significant inequality, and it creates a poverty/debt trap for people at the bottom rungs.

 

[konradv]

4 points below the all time high.

Under Biden!

 

[Hollie]

I don't really do parties.

But I'm right, though.

And you know it.

Heh heh heh...

You’re not right, “sad sack”.

The market is responding to positive economic factors; low interest rates, wage gains, an overall positive outlook for business growth.

 

[Hollie]

Under Biden!

Who benefitted from an economy emerging from the Wuhan virus.

Ole’ Stumblebum’s ability to push inflation to 40 year highs was a real act of genius.

 

[konradv]

Who benefitted from an economy emerging from the Wuhan virus.

Ole’ Stumblebum’s ability to push inflation to 40 year highs was a real act of genius.

What excuse do you have for Trump? He led the way into the Covid inflation and is now reprising it with tariffs, all the while giving tax breaks to the 1% and complaining about deficits!

 

[Hollie]

What excuse do you have for Trump? He led the way into the Covid inflation and is now reprising it with tariffs, all the while giving tax breaks to the 1% and complaining about deficits!

If Trum0 had not proceeded as he had, you would find excuses for whining and complaining.

What excuse do you have for Biden pushing inflation rates to 40 year highs?

 

[konradv]

If Trum0 had not proceeded as he had, you would find excuses for whining and complaining.

What excuse do you have for Biden pushing inflation rates to 40 year highs?

Covid and that wasn’t his fault. He was handed the situation, mishandled by Trump.

 

[Hollie]

Covid and that wasn’t his fault. He was handed the situation, mishandled by Trump.

That’s a weak excuse for why Biden pushed inflation rates to 40 year highs.

 

[konradv]

That’s a weak excuse for why Biden pushed inflation rates to 40 year highs.

MAGA lies.

 

[Hollie]

MAGA lies.

FAGAt tears. Biden didn’t push inflation to 40 year highs? That’s the conspiracy theory you’re going with?

 

[konradv]

FAGAt tears. Biden didn’t push inflation to 40 year highs? That’s the conspiracy theory you’re going with?

Conspiracy theory? Look who’s talking!

 

[Hollie]

Conspiracy theory? Look who’s talking!

So yes, your conspiracy theory is that Biden didn’t push inflation to 40 year highs was.

 

[Dogmaphobe]

Never been a Krugman guy.

Or a trustee in Keynesians at all, for that matter, regardless of whether it's one of your Keynesians or one of their Keynesians.

I'm more Mises...

Did you say mises when you meant to say menses by any chance?