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Reilly
Mountain climber
The Other Monrovia- CA
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Oct 19, 2018 - 09:39am PT
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xCon, I have worked with special needs kids but I really have a hard time understanding your gibberish. And it isn’t that I’m not appreciative of stream of consciousness - I guess I’m just not appreciative of stream of unconsciousness.
Here’s a nice concise synopsis, in English, of why wages have stagnated (in more politically correct terms):
In a typical economic recovery, companies have to raise wages in order to attract and retain increasingly scarce workers. However, there hasn’t been as strong a demand for more workers in this recovery because global growth has been slower.
Demographic trends across developed markets are an important part of the explanation. In the U.S., the main reason for the fall in the unemployment rate has been the retirement of baby boomers, a trend that the recession probably accelerated and that is likely to continue for decades. The U.S. labor force participation rate has shrunk by almost 4%, or more than 9 million workers, since the GFC. And because the retiring boomers have been replaced by younger and cheaper workers, the usual post-recession surge in wages, after adjusting for inflation, hasn’t materialized.
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EdwardT
Trad climber
Retired
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Oct 23, 2018 - 07:32am PT
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Yep. I'm a little skeered.
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Reilly
Mountain climber
The Other Monrovia- CA
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Oct 23, 2018 - 11:27am PT
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Well, let’s hope that’s gud for the markets!
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StahlBro
Trad climber
San Diego, CA
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Oct 23, 2018 - 12:07pm PT
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As usual, the GOP is driving full speed into another recession. Just like their liar-in-thief Cheeto Jesus, they will rape and pillage, then escape with their ill-gotten gains and leave nothing but a steaming pile behind. This time they will raid SS on the way out, unless they lose the house.
Then they will sit on the sideline and b*tch about the DEM’s not cleaning up the mess fast enough. A percentage of the voting public, having a short memory and poor critical thinking skills, will elect another GOP mob and the cycle will start all over again.
Ground Hogs Day.
Same as it ever was.
It is our karmic wheel.
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Gary
Social climber
Desolation Basin, Calif.
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Oct 23, 2018 - 03:10pm PT
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As usual, the GOP is driving full speed into another recession. Just their like their liar-in-thief Cheeto Jesus, they will rape and pillage, then escape with their ill-gotten gains and leave nothing but a steaming pile behind.
This is nothing new, it's standard procedure.
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Reilly
Mountain climber
The Other Monrovia- CA
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Oct 23, 2018 - 08:33pm PT
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You guys that think recessions, or the recovery from same, are the sole purview of either party should lose yer voting rights. It is quite clear not a one of you has read a book on economics.
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Gary
Social climber
Desolation Basin, Calif.
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Oct 24, 2018 - 07:13am PT
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You guys that think recessions, or the recovery from same, are the sole purview of either party should lose yer voting rights. It is quite clear not a one of you has read a book on economics.
Is it just a coinkydink that Republicans rule over recessions?
And why do you place so much faith in economists? There's more science in sociology.
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AKDOG
Mountain climber
Anchorage, AK
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Oct 24, 2018 - 09:27am PT
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Btw, do you know many rich teachers of economics?
It depends on what you consider rich.... Plenty of well off economists. A little knowledge in economic theory can go a long way in building and retaining wealth; with simple ideas like portfolio diversification, risk management, debt theory, leverage cycles, etc.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Oct 24, 2018 - 12:40pm PT
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Sort of the same for "money managers". If they were so good at it they'd be rich and wouldn't NEED to work.
I choose my own investments.
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StahlBro
Trad climber
San Diego, CA
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Oct 24, 2018 - 01:00pm PT
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The GOP “cut taxes and gut regulations” to “fix” the economy is complete horsesh*t and has no basis in fact.
They spend the money regardless, counting on capitalist voodoo to bail them out. It never happens.
Citizens United and Trickle Down economics. Corporate takeover of ‘Merica.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Oct 24, 2018 - 01:18pm PT
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Never was a Kiss fan, but I like Simmons' perspicacity.
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EdwardT
Trad climber
Retired
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Oct 24, 2018 - 01:22pm PT
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Fat bottom girls....
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Norton
climber
The Wastelands
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Oct 24, 2018 - 02:02pm PT
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well now the S&P 500 is down only 12% from its highs
traditionally bear market corrections are considered starting at 20% off the top so lots more to go
meanwhile, those with short positions are enjoying large and very fast profits
nothing to be skeered of, of course
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i'm gumby dammit
Sport climber
da ow
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Oct 24, 2018 - 02:12pm PT
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both the s&p and dow are now down for the year. but don't worry. trump will wave a magical 10% tax cut at some point in the future in front of voters eyes so they won't see it.
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briham89
Big Wall climber
santa cruz, ca
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Oct 24, 2018 - 09:36pm PT
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Target retirement fund down 11.8% from 52 week (and all time) high. Made another 10% purchase today.
That cat herding video LOL
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briham89
Big Wall climber
santa cruz, ca
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Oct 26, 2018 - 09:32am PT
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More photos of flying first class and drinking fine wine please.
Why is that your assumption? I'm 28, can't afford a house, have a middle class income, and don't have an employee sponsored retirement plan. So I have to TRY to save for the future (retirement) on my own.
That's a far cry from flying first class and drinking fine wine....
Also why is the assumption that in trying to make the small amount of money I make go farther in the future, an indication, in your eye's, of not giving a f*#k about others in this world?
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EdwardT
Trad climber
Retired
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Oct 26, 2018 - 10:19am PT
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To feel envy is human, to savor schadenfreude is diabolic.
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