Edgetho
Platinum Member
- Mar 27, 2012
- 16,045
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Since most people live paycheck to paycheck or Month to Month, they don't bother to recognize that Businesses live in the future. I don't really want to go into it. Mostly because it is extremely boring.
But when businesses see Politics going to Hell In A Handbasket, they have to plane for that. If you're an Energy Dependent business and an Anti-Oil President is in the lead, you have to plan for that.
If you're a food supplier and there's a huge drought that kills most of the avocado trees in Kali, you have to plan for that. You either look to South America or -- Whatever.
You get my drift. Business have to plan, or try to plan, for the future.
Now that the democrats can no longer count on Job Hiring because of all the lost jobs from the Kung Flu being filled again, now that they can't steal another 5 TRILLION Dollars from you children's and grandchildren's future....
And now that it looks like Kamala has brought democrats back from the dead, look at what's happened to stocks. And it's not just us, it's the whole western world.
America is still adding jobs, but no longer at a red-hot pace. That sent markets into a tailspin Friday, with the Dow Jones Industrial Average falling more than 900 points in morning trading.
Job growth slowed sharply in July and the unemployment rate rose to its highest level since 2021, the Labor Department reported. The data adds to evidence that a labor market whose strength was already fading could actually be on its way to weakness.
Hiring slowed to 114,000 jobs last month, the government said, missing expectations. The unemployment rate rose to 4.3%—its highest level in nearly three years, when the economy was still clawing its way back from the pandemic.
Stocks fell sharply after the data came out, reflecting investors’ renewed worries about an economic slowdown. Everything from banking stocks to small companies took big hits, Treasury yields mostly fell below 4% and Wall Street’s fear gauge was on track for its highest close of the year.
The question now is -- will Powell bow to democrat demands that he cut rates dramatically and artificially boost the economy or will he stick to his guns?
But when businesses see Politics going to Hell In A Handbasket, they have to plane for that. If you're an Energy Dependent business and an Anti-Oil President is in the lead, you have to plan for that.
If you're a food supplier and there's a huge drought that kills most of the avocado trees in Kali, you have to plan for that. You either look to South America or -- Whatever.
You get my drift. Business have to plan, or try to plan, for the future.
Now that the democrats can no longer count on Job Hiring because of all the lost jobs from the Kung Flu being filled again, now that they can't steal another 5 TRILLION Dollars from you children's and grandchildren's future....
And now that it looks like Kamala has brought democrats back from the dead, look at what's happened to stocks. And it's not just us, it's the whole western world.
America is still adding jobs, but no longer at a red-hot pace. That sent markets into a tailspin Friday, with the Dow Jones Industrial Average falling more than 900 points in morning trading.
Job growth slowed sharply in July and the unemployment rate rose to its highest level since 2021, the Labor Department reported. The data adds to evidence that a labor market whose strength was already fading could actually be on its way to weakness.
Hiring slowed to 114,000 jobs last month, the government said, missing expectations. The unemployment rate rose to 4.3%—its highest level in nearly three years, when the economy was still clawing its way back from the pandemic.
Stocks fell sharply after the data came out, reflecting investors’ renewed worries about an economic slowdown. Everything from banking stocks to small companies took big hits, Treasury yields mostly fell below 4% and Wall Street’s fear gauge was on track for its highest close of the year.
The question now is -- will Powell bow to democrat demands that he cut rates dramatically and artificially boost the economy or will he stick to his guns?
