Traders dont have biases ...they simply trade what they see.
Buy and Hold investors who do nothing but go long obviously have a bias.
Buy and Hold investors who do nothing but go long obviously have a bias.
After two years, Trump's tax cuts have failed Americans
- Thread starter Frederick Foresight
- Start date
You should spend sometime studying your own biases.
People tend to see what they want to see based off their political affiliation.
Since the tax bill was passed:
1. Wage growth is the highest in a decade.
2. We matched the highest annual GDP growth in the past 13 years.
3. Unemployment rates have pushed down to a 50 year low.
4. For the first time since we've tracked the statistic, there are more open jobs than workers seeking to fill them.
We saw all of these things happen despite the trade war and a slowing world economy. We even brought in more federal tax revenue in 2018 than in 2017 despite the cuts. The tax bill wasn't perfect, but it's far from a failure.
Since the tax bill was passed:
1. Wage growth is the highest in a decade.
2. We matched the highest annual GDP growth in the past 13 years.
3. Unemployment rates have pushed down to a 50 year low.
4. For the first time since we've tracked the statistic, there are more open jobs than workers seeking to fill them.
We saw all of these things happen despite the trade war and a slowing world economy. We even brought in more federal tax revenue in 2018 than in 2017 despite the cuts. The tax bill wasn't perfect, but it's far from a failure.
I often do.. because everybody thinks everybody else is brain washed...and there is really no better confirmation of the correct bias than the account balance.
Look at the chart for wage growth (I cannot paste it in).
After the housing crisis market crash wage growth was on an uptrend that kept on going and continued even with the change in Administration. Presidents did shit. Wage growth is a macro economic factor spurred on y the growing economy plus inflation.
Every year for the past 4 years it was making new highs...but now it was Trumps doing but not Obama when it hit new highs in 2015 and 2016.
Here is the truth. It had nothing to do with either of them. How naive are you to believe the President affects Ford and Amazon and Apple and Carrier and etc. decision to raise wages. It is the increased demand for labor that pushes cost of labor higher just like all other inputs.
How sad that we have an electorate who believes a publicsector figure head has such control over private sector business decisions.
I am not surprised because most people simply swallow the bullshit their party throws at them to take credit for shit they dont even understand.
Keep believing the magic ghost in the sky controls everything and ignore basic economics.
After the housing crisis market crash wage growth was on an uptrend that kept on going and continued even with the change in Administration. Presidents did shit. Wage growth is a macro economic factor spurred on y the growing economy plus inflation.
Every year for the past 4 years it was making new highs...but now it was Trumps doing but not Obama when it hit new highs in 2015 and 2016.
Here is the truth. It had nothing to do with either of them. How naive are you to believe the President affects Ford and Amazon and Apple and Carrier and etc. decision to raise wages. It is the increased demand for labor that pushes cost of labor higher just like all other inputs.
How sad that we have an electorate who believes a publicsector figure head has such control over private sector business decisions.
I am not surprised because most people simply swallow the bullshit their party throws at them to take credit for shit they dont even understand.
Keep believing the magic ghost in the sky controls everything and ignore basic economics.
It looks to me like it jumped noticeably after the tax bill was passed in late 2017.
It jumped noticeably several times since the market crash. Could have been Fed policies, could have been global economy (50% of revenues from SP500.companies is derived overseas), could have been a lot of things...none of it was Obama or Trump.
Economies tend to start heating up and bursts and fits and as long as inflation is in check no worries. Wage growth can undergo same movements over time as economic conditions continue to improve and companies start competing more for labor.
Tax breaks are pocketed for bottom line improvement, they are not handed over to workers in higher wages. Labor demand drives this and has been driving it since the crash and we are close to end of 10 year cycle. In fact look how long it took to recover (wage growth) after 2010...then it picked up good steam from 2012 to 2016. Was this Obama. No. It was the large reversal of a trend that gained steam. Also with inflation 1-2% , wage growth is still minimal and with reason.
But if you like fairy tales then by all means give credit to a guy who doesn't quite understand wind.
Economies tend to start heating up and bursts and fits and as long as inflation is in check no worries. Wage growth can undergo same movements over time as economic conditions continue to improve and companies start competing more for labor.
Tax breaks are pocketed for bottom line improvement, they are not handed over to workers in higher wages. Labor demand drives this and has been driving it since the crash and we are close to end of 10 year cycle. In fact look how long it took to recover (wage growth) after 2010...then it picked up good steam from 2012 to 2016. Was this Obama. No. It was the large reversal of a trend that gained steam. Also with inflation 1-2% , wage growth is still minimal and with reason.
But if you like fairy tales then by all means give credit to a guy who doesn't quite understand wind.
With a certain level of wealth, one can afford to be self-insured.
I have already been there with esophageal cancer.
During my treatment, some money-related things I experienced with the medical and health insurance industries were:
- Medical providers you visit normally force you to sign something obligating you to pay any charges not covered by your insurance. You would find out the charges with the bill(s).
- Even when you choose a provider in your insurance company's network, providers you don't get to choose (e.g., lab, pathologist, anesthesiologist, etc.) might not be in the insurance company's network. And they can still bill you.
- Although your insurance company might tell you not to pay a provider before they file a claim, the provider can force you to pay before providing a service.
- Providers can refuse medically necessary treatment until the insurance company approves the treatment. This could make a difference if you have something like an aggressive cancer.
- Doctors sometimes knowingly order tests that will be duplicated by another doctor you see.
- Hospitals can put you in a private room without giving you a choice when your insurance only pays for a semi-private room. My hospital hasn't billed me for this yet, but they could.
- Your doctor might want one kind of test, but the insurance company approves a less-effective test.
- Your insurance company can cover less when a hospital-owned facility performs the test, even though the facility isn't part of the hospital.
Very true. Came to the same conclusion regarding long term care.