Water Bill

Sure you can change jobs if you are physically able. Change from retired to Wallmart. Saw a sign today at a Walmart in NC they are starting out at $ 11 an hour.

After I retired I was offered 2 jobs. I could probably work part time at another if I really wanted to. I did not need the money,so turned it all down.

Reply to
Ralph Mowery
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How about "hiring grand-dad". Thankfully I have a few clients who don't mind having "grand-dad" around a day or two a month fixing things the "youngsters"in charge either can't figure out or don't have the time for.

Reply to
Clare Snyder

My daughter is 51. She recently moved and changed jobs and is the oldest person in the office, including the owner that hired her. The office manager is 21. Fortunately, she does not report to the alleged manager, but it is good for some laughs watching her. She says it is like watching kids trying to play grown-up. At least the kid is not trying to manager her but she is a little intimidated so does not try.

Reply to
Ed Pawlowski

Then it must be from the specific choices you made, as the market was up over twice as much three years into Obama's term.

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"The short answer is that Trump has quite a way to go. Under Obama, the S&P 500 grew by 56.4%. The Dow Jones Industrials Average was up 50.6% and the Nasdaq, 92.9%. The numbers under Trump were 21.4% for the S&P 500, 25.2% for the Dow, and 34.2% for Nasdaq."

Or maybe it's just that you're so biased politically that you only see what you want to see. That sure seems to be going around these days.

Reply to
trader_4

For some of us a 40 hour week there would bring in less than SS.

It happens, but it's certainly true that once you're into your 50s it becomes hard to find a good, real job. Employers see some 55 year old that was earning $150K and figure that they can hire a 30 year old for $50K, give them raises over time, they will be happy. Even if the

55 year old takes the job for $50K, they figure they will only be there until they find a higher paying job, won't be happy, etc, etc, etc.
Reply to
trader_4

You do have to take into account the market had just crashed and a good percentage of that gain was just getting back to normal. Keeping a rally going is as hard as watching the recovery from a crash.

I guarantee you there will be a big crash if they do succeed in removing Trump and it might not be one we recover from in my lifetime. The middle class still hasn't recovered from the malaise after they removed Nixon. .

Reply to
gfretwell

I don't care about the market percentages, just the dollar amount in my IRA. It has gone way up over the years. I did sell out of the stock a couple of times over the years and bought it back. Actually they were the mutual funds and not individual stock. I don't really have the time to put into looking into individual stocks.

The day Trump is removed is the day I will most likely pull the money out of stock and park it in a money market account. I agree, if he is removed, the market and many other bad things may hapen.

Reply to
Ralph Mowery

And if they don't get that Python out of the gator swamp it will be a crash that the bottom 95%+ will NEVER recover from, as the top .1% laughs all the way to the Cayman Islands banks.

The man is a crook The US economy is on life support because of his malfeasance The world economy is on the edge because of uncertainty The last time the financial inbalance was anywhere CLOSE to as bad as it is right now was just prior to the crash of 1928. 2008 was almost as bad. Whenthe top 1% has gained 1000 times as much (percentage wize, not just in real dollars) as the bottom 80% over the last 30 years SOMETHING has to give.

Reply to
Clare Snyder

They will happen regardless.

Reply to
Clare Snyder

Yeah, right. Removing trump will fire up the market assuming his successor manages to convince the rest of the world that trump was an abberation instead of a new normal (but we're still screwed in the long run due to the trump tax cuts and insane annual budget deficits).

You're confused again. The economic malaise had nothing to do with Nixon and everything to do with the embargo.

Reply to
Scott Lurndal

So everybody out to be dragged down to the bottom? Elect a Democrat to assure your wish.

Reply to
invalid unparseable

If you get democrats with the Sanders Warren tilt to their politics they will target corporations with excessive regulations and taxes, remove tax incentives to invest and generally scare investors enough to make 1929 or 2009 look like a minor correction in the market.

There are plenty of economists who say the middle class never recovered.

Reply to
gfretwell

That last is bullshit.

And that's utterly mindless silly stuff too.

Reply to
Rod Speed

Canada is doing just fine and I doubt even Sanders would tax corporations enough to make life more difficult for corporations than it is in Canada - which is NOT terribly onerous.

DEpends what you call "middle class" - but by most reasonable definitions you are definitely right.

Reply to
Clare Snyder

Argue with Milton Friedman and Krugman. It wasn't my assertion.

Reply to
gfretwell

The one that gets lost in the noise is Sanders/Warren and others going after the capital gains deductions. Without them, a good part of the reason to invest in equities goes away. Long term deductions tend to incentivize leaving your money in an investment for a while instead of day trading and adds some stability to the market. .

Reply to
gfretwell

ROFL

So now Trump can't be removed because the stock market will crash? Like Pence's economic policies for another 10 months will be radically different? But heh, it's Trump, so any excuse will do. Maybe the market will go up 5% in a week, breathing a sign of relief that the endless uncertainty, the childish tweets, the trade wars are over.

Reply to
trader_4

WTF? I have no use for Trump, but good grief, making up silly lies is what Trump does, so why stoop to that?

And the markets don't already know that, judged that and have it factored in?

Even if any of that is true, how does it get blamed on Trump? Trump hasn't been president for 30 years.

Reply to
trader_4

Show us those economists that say the economic stagflation of the 70s was caused by Nixon's resignation and that the middle class never recovered from his resignation. I'm waiting. You're confused again. There already were big economic troubles when Nixon was in office. Have you forgotten his wage and price controls because inflation was out of control?

Reply to
trader_4

So, instead of earning an 8%+ return and having it taxed 25%, you'd rather do what? Put it into the bank and get 2%? Muni bonds and get 5%?

It also encourages mis-allocation of capital, people hindered from moving their money to where it's most productive.

Reply to
trader_4

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