https://www.whitehouse.gov/articles/unprecedented-jobs-growth-streak-continues-as-wages-rise/ Trump has already astronomically reduced the total number of Americans in need of public assistance, thereby freeing up more funds for needy Americans. 8 years of Obama encouraging the laziest Americans and illegal aliens to sponge off their neighbor's hard-earned wages is a lot to overcome.
https://www.whitehouse.gov/briefing...ournal-layoffs-just-reached-half-century-low/ “This is the lowest level of unemployment benefit applications since the end of 1969.” Layoffs Just Reached a Half-Century Low By Sharon Nunn The Wall Street Journal September 6, 2018 The number of Americans filing applications for new unemployment benefits fell at the end of August to a nearly five-decade low. Initial jobless claims, a proxy for layoffs across the U.S., declined to a seasonally adjusted 203,000 in the last week of August, the Labor Department said Thursday. This is the lowest level of unemployment benefit applications since the end of 1969. Though data can be volatile from week to week, the four-week moving average of claims, a steadier measure, also fell to a 49-year low, signaling overwhelming tightness in the U.S. labor market. Jobless claims have remained low in recent years, as the labor market continues to strengthen and managers face difficulty finding qualified employees. U.S. employers added 157,000 jobs and the unemployment rate fell back to 3.9% in July, hovering near the lowest level since April 2000, according to the Labor Department’s latest jobs report. Meanwhile, the number of open jobs this spring exceeded the number of unemployed Americans seeking work for the first time in records going back to 2000. Thursday’s jobless claims report is one of several sets of economic data pointing to late business-cycle strength in the economy. Economic growth in the second quarter was the strongest since 2014, and the manufacturing industry appears to be hitting a second wind, clocking the strongest growth in 14 years.
I see these people freed from the need of public assistance on our sidewalks and under the overpasses. I take issue with the freeing up of more funds for needy Americans. I only need to look at the budget and the tax cut to see these funds are really being freed up for the wealthy.
Yet wages, when inflation is taken in to account, have remained the same. Why is it that the wealthy are getting a massive increase in their income yet the poor and middle classes remain stagnant?
Wait. Is this a political thread or not? The OP said no politics and then went all politics. I’M CONFUSED! Must... blame... Trumpbama...
We call those people bums. They are useless now, no self-esteem left at all. Zombies. They weren't always that way, well, most of them weren't. Many of them had good jobs, healthcare, homes and families before Obama came along. His policies took their homes, broke up their families, drove many into addictions...
If you read the thread you'll see despite my good intentions and sincere attempts the usual 3 Trolls are doing their best to ruin it, because they have Trump Derangement Syndrome. Here's some good news! For many young investors, the stock market's only gone up By STAN CHOEPublished August 22, 2018MarketsAssociated Press Meet the generation of investors who haven't known a bear market. The U.S. stock market has been on the upswing for nine and a half years, during which a cohort of younger investors has never dealt with a 20 percent drop in the S&P 500 — the classic definition of a bear market. Such a decline has historically happened on average every four or five years. That's nice for these 20- and 30-somethings, and their retirement accounts, but it raises the question: What will they do when the next downturn inevitably arrives? How they respond will be crucial because this generation bears a heavier responsibility for paying for their own retirement, as pensions go extinct and Social Security's finances weaken. Few analysts are predicting an imminent downturn for the S&P 500, which finished Tuesday within 0.8 percent of its record, but they're much less confident about 2019 or beyond due to rising interest rates and other market challenges. The fear is that inexperienced investors will panic at their first taste of a bear market and sell their stocks, which would lock in their losses. For young investors with decades to go before retirement, conventional wisdom says the best bet is to ride through and wait for a recovery. The average bear market brings a loss of nearly 40 percent for the S&P 500, but it typically lasts less than two years, according to S&P Dow Jones Indices. Many experts say today's young investors are generally taking the right approach. For instance, many are invested in the stock market through specialized kinds of mutual funds in their 401(k) accounts called target-date retirement funds, which may keep them from making rash moves. Some younger investors also say the experience of their parents in the wrenching financial crisis of 2008-2009, when the S&P 500 lost more than half its value, has prepared them for the next downturn. They know the stock market more than made up all those losses, eventually. They're investors like Marcus Harris, a 34-year-old physician in the Houston area who started investing about five years ago. "It's going to sound terrible, but I'm actually looking forward to the next downturn," he said of the opportunity to buy stocks at a lower price. "I know it's an overbought position right now, and I'm just sitting on my hands saying, 'I can't wait.' Hopefully it will go to half the price, and I can gobble up a lot of it." He's somewhat of an anomaly among his peers in that he owns stocks at all. Only four in 10 households led by someone under 35 owned stocks in 2016, according to the most recent data from the Federal Reserve. Stubbornly low wages and high debt are keeping many younger workers out of the stock market. Still, the ownership rate among younger households, at 41 percent, has been on the upswing and is much higher than the 23 percent rate in 1989. Since then, the only time young investors were much more likely to own stocks was around the dot-com bubble. "All the ones I know, they do want to get involved," said Kimelah Taylor, a 36-year-old accounting adviser in Houston who began investing with a financial adviser about four and a half years ago. "There is that delay in when they get involved because they're paying off student loans and other things." Some younger investors may also be in the market without even realizing it. More employers are automatically enrolling their workers into 401(k) accounts, and many of those have a target-date retirement fund as the default investment. These funds automatically change over time and create a portfolio that's appropriate for an investor's age. When the target retirement year is decades away, they're virtually entirely in stocks. As retirement approaches, they shed some stocks for bonds and other safer investments. Young people are much more likely to have their entire 401(k) in target-date funds than older savers, and the hope is that when the next downturn hits, young investors will continue to leave the investment decisions in their hands. "Inertia in this case is working for them," said Jeanne Thompson, senior vice president at Fidelity Investments. "In many cases, that inertia will help when there is a market downturn, and they'll probably leave their assets and stay the course." In some ways, they're more fortunate than older generations, who didn't have target-date funds to take care of the decisions and often gave into the urge to sell stocks during a downturn. "The main reason young people are not running away from stocks is they aren't figuring it out for themselves," said Jean Young, senior research associate for the Vanguard Center for Investor Research. And even though younger investors haven't faced a full-blown bear market yet, they have had a few mini-tests, with two drops of 10 percent since early 2016. Through them, younger investors made more calls than usual to T. Rowe Price, but they usually stopped short of selling their stocks, said Roger Young, senior financial planner at T. Rowe Price. If anything, market dips have only emboldened some, said Charles Adi, financial adviser at Blueprint 360 in Houston. During a tumble earlier this year, for example, he was balancing calls from older clients looking for reassurance with younger clients hungry to buy more shares of stock. "In 2008, it was unexpected," Adi said. "Now, a downturn is expected. They're ready for it. They're waiting for it." Still, there is the threat of overconfidence. Maybe young investors' nerves won't remain as steady as they expect. "They think they're good fighters," said Danny Alexander, a financial coach at Stangier Wealth Management in Portland, Oregon, which recently hosted an event for clients called "Gearing up for the next crash." "But until they've been in a fight and punched in the mouth, they don't know how they'll respond."
umm, this thread entered crude right here, by mistake or barf, not sure. But equating gash to candy does not need stumpy.
