LOL!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 25, 2005
- Messages
- 10,252
I'm trying to understand all the brou-ha-ha in the forum created by the actions of the stock market. I have not seen such a large disconnect ever before.
There is some talk about recession because of a potential inverted yield curve, but I thought a recession was when all your neighbors lose their jobs. Unemployment is still near the 40-year low isn't it? And companies cannot seem to find enough qualified employees to hire either. GDP growth recently reported was 3.5% (see [URL="https://tradingeconomics.com/united-states/gdp-growth"[/URL]).
There would have to be unprecedented mass layoffs in a short-period of time and a complete cratering of the economy to change any of the statistics in a meaningful way.
Yes, the stock market is not doing much right now at the end of 2018, but so what? We all know that the stock market has a negative year or two every 3 or 4 years. It never goes up all the time. Companies seem to be making money for the most part, but old economy companies like GE and the auto companies might be having problems, but they don't employ as many people as they used to anyways.
Sure, overseas seems to be a mess, but so what?
That's the question: So what?
There is some talk about recession because of a potential inverted yield curve, but I thought a recession was when all your neighbors lose their jobs. Unemployment is still near the 40-year low isn't it? And companies cannot seem to find enough qualified employees to hire either. GDP growth recently reported was 3.5% (see [URL="https://tradingeconomics.com/united-states/gdp-growth"[/URL]).
There would have to be unprecedented mass layoffs in a short-period of time and a complete cratering of the economy to change any of the statistics in a meaningful way.
Yes, the stock market is not doing much right now at the end of 2018, but so what? We all know that the stock market has a negative year or two every 3 or 4 years. It never goes up all the time. Companies seem to be making money for the most part, but old economy companies like GE and the auto companies might be having problems, but they don't employ as many people as they used to anyways.
Sure, overseas seems to be a mess, but so what?
That's the question: So what?