This economy is almost too good to believe!

[Value Buy]

And it was not President Trump claiming this!

www.msn.com/en-us/money/markets/this-is-almost-the-too-good-to-be-true-economy-fed-chair-says/ar-BBNQubF

[Value Buy]

Based on the results of the November election I will be making some quick investment decisions if the democrats take over Congress. 
If people vote their pocketbooks as is customary, the Republicans and Trmp remain in the driver's seat. If they vote based on democratic rhetoric, it will be time to trim some investments.
I do not think the democrats will continue on the progress the President has made for the economy to continue leading the world forward.
Remember, when America sneezes, the world gets a cold.

[Great]

I'm optimistic that Repubs and Trump will remain in the driver's seat, my brokerage accounts are loving them currently.
I   President Trump #MAGA

[whitney]

I think the house may be D ( by small number ) and the Senate R ; so I am not sure what that might mean in terms of expectations in and of itself , but I think the economy will remain good . I think the Fed will remain careful and incremental and remain conscience as it seems to have been. The mood for Christmas and shopping has been positive in the area I work and live ( different counties as by choice I live out in horse country OH so the drive is worth it to me.)

Best of luck to all involved with investing!  I think I am likely to keep things the same other than researching a couple of individual stocks if I find the time that I may consider purchasing a modest amount of shares,

[resolution]

I am not smart enough to time the market, so I will continue to invest the same amount regardless of who wins.

[billisonboard]

If the people decide to be governed by Democrats, will the economic power elite send us a message of disapproval?

[NastyWoman]

This economy is almost too good to believe!

you know what they say about things that are too good to believe right?

[Tennesseer]

Disaster Is Inevitable When America's Stock Market Bubble Bursts

[mroped]

What would make an economy good would be a good living wage. As it were this ain’t it!

[sesfw]

What would make an economy good would be a good living wage. As it were this ain’t it!

Too many people want a living wage but are not willing to work for it.  In this area good skilled construction jobs are not being filled because lack of people qualified and willing.

[Value Buy]

The Feds just released the latest unemployment stats.
Down again.

Darn, with all these people being put to work, I am thinking Social Security insolvency could be pushed back a few years.

[swamp]

what goes up must come down.  

[countrygirl2]

Construction jobs going unfilled, no one qualified? Well with the demise of unions where were they going to get the training? In Texas it was taken over by legal and illegals, a white or black man could hardly get a job, the builders wanted cheap labor. So they pretty much lost a generation of young men willing and able to learn. This was brought on by big business, if you have good jobs, that pay a LIVING wage, and people are able to have the skill to do them people will work. I get so tired of hearing that. I saw it all the time in Texas by the young guys we could hire that could not get work.

You are always going to have some lazy people, always, but many need the skills and a job they can afford to go to.

[buystoys]

countrygirl2, I'm going to disagree a bit with you about construction workers.  It may be different in the Houston area, but in the Dallas area fast food places are paying $10 per hour to start.  Many of them have signs out that they're hiring.  I suspect the would-be construction workers are going to fast food places because they'll make more per hour.  We just had some work done on a rental property and the workers told us that the owner doesn't give any of them full time hours.  He pays them minimum wage and they get their work schedule the day they're supposed to show up.  Two of them were ready to go to fast food places to get work rather than play the owner's game any longer.  I suspect there is a lot of that with small businesses in this area.

My nephew works at a chain restaurant.  He started in the kitchen about two years ago at $10 per hour.  He's now making almost $12 per hour.  That's not bad for a college kid who needs a part time job.

[billisonboard]

Oct 5, 2018 8:49:31 GMT -5 buystoys said:

... He's now making almost $12 per hour.  That's not bad for a college kid who needs a part time job.

Not a bad wage for part time college kids.

[Value Buy]

Oct 5, 2018 8:49:31 GMT -5 buystoys said:

countrygirl2 , I'm going to disagree a bit with you about construction workers.  It may be different in the Houston area, but in the Dallas area fast food places are paying $10 per hour to start.  Many of them have signs out that they're hiring.  I suspect the would-be construction workers are going to fast food places because they'll make more per hour.  We just had some work done on a rental property and the workers told us that the owner doesn't give any of them full time hours.  He pays them minimum wage and they get their work schedule the day they're supposed to show up.  Two of them were ready to go to fast food places to get work rather than play the owner's game any longer.  I suspect there is a lot of that with small businesses in this area.

My nephew works at a chain restaurant.  He started in the kitchen about two years ago at $10 per hour.  He's now making almost $12 per hour.  That's not bad for a college kid who needs a part time job.

Our neck of the woods, northwest Indiana, fast food operators are now well over $11 an hour to start. Trouble is, it is not fulltime, etc, so does not really help that many people, but with state minimum at $7.50 or $7.75 not sure which anymore, the minimum wage numbers are becoming meaningless

[OldCoyote]

Remember the 28 hour limit on time worked a week cause Obamacare kicks in!

[buystoys]

Oct 5, 2018 9:11:45 GMT -5 billisonboard said:

Oct 5, 2018 8:49:31 GMT -5 buystoys said:

... He's now making almost $12 per hour.  That's not bad for a college kid who needs a part time job.

Not a bad wage for part time college kids.

Not a bad wage for full-time workers either.  In this area, $24K is OK.  If you have two people making that, you can live pretty well. 

[Value Buy]

Oct 5, 2018 8:18:59 GMT -5 swamp said:

what goes up must come down.  

Yep.
Hopefully not for a few more years. I want the under and unemployed to have a chance to feel good about their job situation.
Wouldn't you?

[swamp]

Oct 5, 2018 11:04:07 GMT -5 Value Buy said:

Oct 5, 2018 8:18:59 GMT -5 swamp said:

what goes up must come down.  

Yep.
Hopefully not for a few more years. I want the under and unemployed to have a chance to feel good about their job situation.
Wouldn't you?

yes.   

I just don't think this is sustainable.  

[Gardening Grandma]

Oct 5, 2018 11:11:11 GMT -5 swamp said:

Oct 5, 2018 11:04:07 GMT -5 Value Buy said:

Yep.
Hopefully not for a few more years. I want the under and unemployed to have a chance to feel good about their job situation.
Wouldn't you?

yes.   

I just don't think this is sustainable.  

It’s not sustainable, but when it comes down, watch the MAGAts blame Obama

[Value Buy]

Oct 5, 2018 11:11:11 GMT -5 swamp said:

Oct 5, 2018 11:04:07 GMT -5 Value Buy said:

Yep.
Hopefully not for a few more years. I want the under and unemployed to have a chance to feel good about their job situation.
Wouldn't you?

yes.   

I just don't think this is sustainable.  

Of course it is not sustainable. Even the Depression was never for ever.

[countrygirl2]

Not a bad wage for full-time workers either. In this area, $24K is OK. If you have two people making that, you can live pretty well.


For real? How could you save money, pay insurance, buy a car etc on that?

And most of these people never get 40 hours, that is the biggest issue here, some people are trying to work 3 jobs to try and make ends meet and no one offers health care.


Construction jobs used to be pay for a good middle class lifestyle, ask me how I know.

[zibazinski]

Oct 5, 2018 11:59:59 GMT -5 Value Buy said:

Oct 5, 2018 11:11:11 GMT -5 swamp said:

yes.   

I just don't think this is sustainable.  

Of course it is not sustainable. Even the Depression was never for ever.

Yes but it took a war to finally get us out of it. Plus remember people worked then, not sat around expecting others to support them. Actually had to leave their towns and families and go where jobs were. Can you imagine?
My investment people are cautious because they are sure there will be a “correction.”

[NastyWoman]

Oct 5, 2018 11:59:59 GMT -5 Value Buy said:

Oct 5, 2018 11:11:11 GMT -5 swamp said:

yes.   

I just don't think this is sustainable.  

Of course it is not sustainable. Even the Depression was never for ever.

Now unless my memory fails me (and I don't think it does) what ultimately kicked the Depression's butt was WII. Not much of a solution IMO

[Value Buy]

Oct 5, 2018 15:06:09 GMT -5 NastyWoman said:

Oct 5, 2018 11:59:59 GMT -5 Value Buy said:

Of course it is not sustainable. Even the Depression was never for ever.

Now unless my memory fails me (and I don't think it does) what ultimately kicked the Depression's butt was WII. Not much of a solution IMO

The Vietnam war helped the economy a lot also.

[buystoys]

Oct 5, 2018 12:54:25 GMT -5 countrygirl2 said:

Not a bad wage for full-time workers either. In this area, $24K is OK. If you have two people making that, you can live pretty well.


For real? How could you save money, pay insurance, buy a car etc on that?

And most of these people never get 40 hours, that is the biggest issue here, some people are trying to work 3 jobs to try and make ends meet and no one offers health care.


Construction jobs used to be pay for a good middle class lifestyle, ask me how I know.

Yes, for real. 

$500.00 rent
$250.00 car payment
$200.00 groceries
$100.00 cable
$60.00 cell phone
$60.00 electric
$1,170.00 total

That car payment could go up some as well, but there's room in there to save and pay for insurance.  Get a room mate and split $600 per month rent for a two bedroom and you've got even more breathing space.  Yes, you can find places with higher rent, but you can also find some with lower.  The chain restaurant my nephew works at is happy to hire people for full time positions.  Many of the fast food places here are advertising for those full time positions.  The worker pool is so small that they HAVE to get workers in for full time hours.

Yes, construction jobs used to pay for a good middle class lifestyle.  You yourself said it though:  too many contractors want to pinch the penny and hire illegal workers.  That will keep those salaries down.

[Tennesseer]

Oct 5, 2018 15:08:21 GMT -5 Value Buy said:

Oct 5, 2018 15:06:09 GMT -5 NastyWoman said:

Now unless my memory fails me (and I don't think it does) what ultimately kicked the Depression's butt was WII. Not much of a solution IMO

The Vietnam war helped the economy a lot also.

At the expense of 57,939 members of U.S. armed forces.

[weltschmerz]

Oct 5, 2018 15:42:06 GMT -5 buystoys said:

Oct 5, 2018 12:54:25 GMT -5 countrygirl2 said:

Not a bad wage for full-time workers either. In this area, $24K is OK. If you have two people making that, you can live pretty well.


For real? How could you save money, pay insurance, buy a car etc on that?

And most of these people never get 40 hours, that is the biggest issue here, some people are trying to work 3 jobs to try and make ends meet and no one offers health care.


Construction jobs used to be pay for a good middle class lifestyle, ask me how I know.

Yes, for real. 

$500.00 rent
$250.00 car payment
$200.00 groceries
$100.00 cable
$60.00 cell phone
$60.00 electric
$1,170.00 total

That car payment could go up some as well, but there's room in there to save and pay for insurance.  Get a room mate and split $600 per month rent for a two bedroom and you've got even more breathing space.  Yes, you can find places with higher rent, but you can also find some with lower.  The chain restaurant my nephew works at is happy to hire people for full time positions.  Many of the fast food places here are advertising for those full time positions.  The worker pool is so small that they HAVE to get workers in for full time hours.

Yes, construction jobs used to pay for a good middle class lifestyle.  You yourself said it though:  too many contractors want to pinch the penny and hire illegal workers.  That will keep those salaries down.

$60.00 for electric? In the winter?

[weltschmerz]

Oct 5, 2018 15:06:09 GMT -5 NastyWoman said:

Oct 5, 2018 11:59:59 GMT -5 Value Buy said:

Of course it is not sustainable. Even the Depression was never for ever.

Now unless my memory fails me (and I don't think it does) what ultimately kicked the Depression's butt was WII. Not much of a solution IMO

In the US, wars are GREAT for the economy.
Lots of money to be made.