S & P Dire Warnings
 

http://www.latimes.com/business/hilt...05-column.html

Growth and income inequality.

The markets continue to piss me off. What's a guy with a 401K to do.....

Up...then down...up then down....

So, low wages aren't good for the economy? Who knew?

Dave

Overview

• At extreme levels, income inequality can harm sustained economic growth over long periods. The U.S. is approaching that threshold.
• Standard & Poor's sees extreme income inequality as a drag on long-run economic growth. We've reduced our 10-year U.S. growth forecast to a 2.5% rate. We expected 2.8% five years ago.
• With wages of a college graduate double that of a high school graduate, increasing educational attainment is an effective way to bring income inequality back to healthy levels.
• It also helps the U.S economy. Over the next five years, if the American workforce completed just one more year of school, the resulting productivity gains could add about $525 billion, or 2.4%, to the level of GDP, relative to the baseline.
• A cautious approach to reducing inequality would benefit the economy, but extreme policy measures could backfire

https://www.globalcreditportal.com/r...40804-19:41:13

Everybody except the sharks down on Wall St. Those damn soshulists at S&P are a buzzkill. :rolleyes:

The economy will not get better until Obamas gone and even then it will be time for a bubble to pop and a recession.

The only thing the present POTUS has to do with this is his opponents stifling the recovery to make him look bad.

Sent from my SM-N900V using Tapatalk

Don't quote, thanks.

I am sure that a lot of people knew. When the wages get depressed, consumer base with disposable income shrinks. So demand deceases.

A college education increases one's earning power but the cost of education has sky rocketed. I made a rough comparison on the tuition fees for the school I went to in 1969. Tuition fees per quarter was equivalent to 170 hours of work at minimum wage then. Now it's equivalent of 630 hours at today's minimum wage. So working part time and going to school is not an option without financial assistance from family or student loan. As wages keep dropping, how many parents can afford to pay for their children's education?

4-2-7 is not here for an intelligent or productive dialog. He is here strictly to bash Obama, the left wing or if nothing else to disrupt the conversation.

At the very least, please do not quote him and thus validate his posts. Thanks.