Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[Lily Adler]

Mastercard, Visa, eBay Drop Out of Facebook's Libra Payments Network

Good.

 

[Lily Adler]

Is "accountable capitalism" real and can it be achieved in this political climate?

 

[Teelie]

I want to believe it could happen but too many companies have the mentality of money over ethics and responsibility.

 

[MovieSlave]

Recession coming? Don't blame housing

A key driver is Fed activity — lower interest rates make mortgages more affordable and increases homeowners' buying power.

Hahaha yeah right. More affordable for who, the yuppies buying up homes to rent to people for ridiculous amounts??

 

[Lily Adler]

Why the Economy Might Not Sway 2020 Voters

 

[Lily Adler]

Fed cuts rates again but signals pause in easing cycle

 

[MagnarTheGreat]

The US economy is slowing - CNN

 

[MagnarTheGreat]

 

[Lily Adler]

And Dana Parrino was on Fox News saying how amazing our economy and farmers are doing.

 

[DJ Kornphlake]

 

[Lily Adler]

 

[MagnarTheGreat]

CBS News - Almost half of all Americans work in low-wage jobs

 

[MagnarTheGreat]

Reuters - Jobs of the future are clustering in a handful of U.S. cities, study finds

 

[DJ Kornphlake]

And yet people still buy into trickle down theory.

 

[MovieSlave]

And yet people still buy into trickle down theory.

In theory it should work but typical unevolved human greed is what the problem is sadly. Companies simply won't pay their employees more even if they can afford it.

 

[MagnarTheGreat]

Business Insider - Millennials only hold 3% of total US wealth, and that's a shockingly small sliver of what baby boomers had at their age

Millennials aren't killing x, they just have less money, ya bozos

 

[Teelie]

Yeah, they have less than Boomers did because the Boomers are hoarding everything.

 

[Lily Adler]

 

[DJ Kornphlake]

$15 would be double the current minimum wage, so it's still a huge start in the right direction.

 

[Lily Adler]

$15 would be double the current minimum wage, so it's still a huge start in the right direction.

But should we go further and have a minimum wage that fluctuates on inflation?

 

[MagnarTheGreat]

CNBC - Goldman sees zero earnings growth for US companies this year because of coronavirus

 

[KRYPTON INC.]

 

[OtherwiseKnownAs]

Dow set to open with decline of 1,300 points as markets crater

 

[KRYPTON INC.]

All he had to do was keep his mouth shut and do his job for a few weeks like a normal chief executive.

But noooooooo...

 

[MagnarTheGreat]

Trigger has been hit in the market and trading temporarily frozen after a 1884.88 point decline (-7.29%) at 9:35am eastern time.