Shutting down the service industry might just be the perfect way to get people back into the manufacturing sector. We were dealing with historically low unemployment before this so the shift would have been much harder to accomplish.
Unfortunately many states are almost completely dependent on the service industries, eg states that rely on tourism. Manufacturing jobs are virtually non-existant.
Maine has many old mills that could be converted to factories, but at this point it's too late and too expensive. I worry about what will happen here if this lockdown continues.
Tourists are required to quarantine for 14 days. Who wants to visit if they can't leave their room for two weeks?
SUPPOSEDLY it ends on July 10th, but the season is half over by then, and I fully expect our Fuhrer Governor to extend again.
I used to live in a city that was once an oilfield hub but has morphed into a service industry city. Of course we know which party has run the city for decades of its decline and now that mayor is, of course, threatening fire and police cuts if taxes aren't raised.
Right, the point is they can shift to manufacturing now since it's illegal to run a successful service based business so all the people forced out of their jobs by Communists running the government have the opportunity to do other things.
Well, service industry in specific tourist destinations are kind of a special case so those jobs aren't going away long term.
But we were already headed for a lot of lost jobs in the service industry as technology is utilized more and more and the need for a lot of employees directly interacting with the customer is reduced.
The response to Covid-19 was obviously not ideal, but eventually something would have to happen to make up for lost jobs in the service industry. The push to online and kiosk ordering and payment was happening anyway, but it's been greatly escalated in the past 3 months.
Now is the time for manufacturing to ramp up and start hiring low-skilled workers, while many of them are likely permanently displaced from a service industry that's taken a beating and had to adjust for minimal staffing.
They all loved that extra check at first but what good is it if you don’t have a job to go back to?
I was a chef with a culinary arts degree but went back to college and got my bachelors at 33. I refused to stay in that industry.
Just because I have a decent job and am able to pay for things like a house and a car and a phone and vacations and school doesn't mean i'm not dirt poor and a victim in some way.
Historically speaking, Americans vote with their wallet and will lean to the president who yields them the most money which means trump is extremely likely to win this election with everything else put aside. This is what haunts the media everyday and they will constantly try to start another recession
Predictable as water being set and fire being hot.
This is the result of the counterfeit operation known as the federal reserve and their enablers in Congress.
I'm not suggesting the economic fundamentals of President Trump are wrong, only that printing currency necessarily inflates the "value" of everything denominated in said currency.
Don't you think it's weird that we're still shutdown to a large degree in a lot of areas and we have massive unemployment but the stock market is at a record high?
I'm so thankful we have Trump as president right now.
The Democrats and the commies in the media have done their hardest to bring him down but he's too damn tough!
Muh Russia for 3+ years: failed
Muh quid pro quo: failed
Muh everyone is going to die virus: failed
And the constant propaganda being put out by the media. It's just so brutal and I can't think of many people who could've endured this, but Trump is crushing it.
At some point the Democrats and the media have to sit back and think: are we the bad guys? But I won't get my hopes up.
I just hope all of those who clearly committed treason are brought to justice...soon. Probably after Trump secures 2020.
WHO - It may be another Pump and Dump, last time Microsoft, Apple and Amazon did that, and they did it once before that. Make sure that it is not those 3 companies pumping shit again....
With all tech companies stuffed to the gills with SJW loons which have been proven to be the most unproductive employees ever, surely the future for those companies couldn't be brighter!
OTOH tech companies are arguably less affected (if not made marginally more productive) by their employees working from home as compared to other sectors, so there's that.
But the polls? My Biden! Russia russia russia. Unfit! Raycisssss! Ukraine Mueller russia russia BLM BLM covid19 russia mail in voting. Reeeeeeee
Reeeeeeee
Reeeeeeeeee. Said the democrats. But guess what!
We are coming back stronger than ever before. Nobody has ever seen anything like this, believe me.
Shutting down the service industry might just be the perfect way to get people back into the manufacturing sector. We were dealing with historically low unemployment before this so the shift would have been much harder to accomplish.
Good point! 👍
Not to ruin the fun, but this has a lot to do with the Feds increasingly radical steps, including buying stocks from private companies
That would show bonds prices going down, but I don't see that. See to me appears to be software triggers for short-term profits.
The NASDAQ aint gonna hit no all-time high due to some QE malarky
Drove by Tampa on Sunday. Construction cranes everywhere. Never seen so much building at once the 10 years I have lived in this area
Where did you see they were buying stocks? I thought it was bond etfs?
Bond ETFs are a basket of bonds. Stock ETFs are a basket of stocks. It's illegal for the fed to buy stocks.
I’m not sure if you’re being obtuse on purpose. Bonds are not stocks. The feds are buying bond etfs.
For one, ETFs are stocks
Not quite. They are traded like stocks, but resemble mutual funds.
What? Bonds are not stocks. And etfs are not stocks.
Yep. Only publicly traded stock can be bought just like that.
Democrats hand him garbage, Trump makes Diet Coke.
I'll still drink that garbage.
Why don't Diet soda drinkers just have Coke Zero instead?
"I've never seen a thin person drink diet coke" - GEOTUS
Unfortunately many states are almost completely dependent on the service industries, eg states that rely on tourism. Manufacturing jobs are virtually non-existant.
Maine has many old mills that could be converted to factories, but at this point it's too late and too expensive. I worry about what will happen here if this lockdown continues.
Tourists are required to quarantine for 14 days. Who wants to visit if they can't leave their room for two weeks?
SUPPOSEDLY it ends on July 10th, but the season is half over by then, and I fully expect our Fuhrer Governor to extend again.
This could be the opportunity for smart business men to hire a hungry workforce.
I used to live in a city that was once an oilfield hub but has morphed into a service industry city. Of course we know which party has run the city for decades of its decline and now that mayor is, of course, threatening fire and police cuts if taxes aren't raised.
Right, the point is they can shift to manufacturing now since it's illegal to run a successful service based business so all the people forced out of their jobs by Communists running the government have the opportunity to do other things.
Well, service industry in specific tourist destinations are kind of a special case so those jobs aren't going away long term.
But we were already headed for a lot of lost jobs in the service industry as technology is utilized more and more and the need for a lot of employees directly interacting with the customer is reduced.
The response to Covid-19 was obviously not ideal, but eventually something would have to happen to make up for lost jobs in the service industry. The push to online and kiosk ordering and payment was happening anyway, but it's been greatly escalated in the past 3 months.
Now is the time for manufacturing to ramp up and start hiring low-skilled workers, while many of them are likely permanently displaced from a service industry that's taken a beating and had to adjust for minimal staffing.
Keep fighting, this country is coming back strong in 2021!
Wow. Astute observation. Never though of that. I hope that is true!!
The idiots in the culinary union here in vegas are gonna all be out of work because they're ignorant douchebags.
They all loved that extra check at first but what good is it if you don’t have a job to go back to? I was a chef with a culinary arts degree but went back to college and got my bachelors at 33. I refused to stay in that industry.
didn't you know its all Obama?
/s
DOW 30,000 by November.
"we have the best come backs, don't we folks? It's true, it's true."
What will happen next so the media doesn't have to cover that?
They will start claiming that the "economy != stock market" again
Whereas whenever the stock markets dip, it's "haha look the economy is tanking!"
Ugh.
I hate how proud these idiots are when the market has an off day.
Who would have thought that Americans would be cheering at the fall of the American economy just so they can thumb their nose at the president?
As long as they get what they want slavery, and we get what we want. I think the losers should be taxed and winners not.
What else would the stock market be?
Just because I have a decent job and am able to pay for things like a house and a car and a phone and vacations and school doesn't mean i'm not dirt poor and a victim in some way.
Biden will bring up stock market coupon clippers
DRUMPF IS SACRIFICING LIVES FOR THE RICH!!
Say there is a second wave of Covid incoming.
AGAIN!
"Aaaaaand the economy belongs to Obama again." - CNN
Yawn - of course, Trump is our President. A few bumps in the road, buy hey............
If anyone paid attention Friday and over the weekend after the job numbers for June came out.
98% of all newscast claimed how those numbers don't mean anything in reality everything's bad and it's going to get worse.
My Dad said that too me back in April...I just sent him a text saying I am up 28% LOL
Barack 0bama's long game paying off yet again!
Listen here Fat, you better vote for my husband Joe Biden for Senate.
You're a lying dog pony, uh you know the thing.
Hwait wait wait wait wait wait wait wait wait wait wait wait wait!
NASDAQ is racist.
The NASDAQ dares to disagree with progressive crackpots? The more you know...
NOOSDAQ
Historically speaking, Americans vote with their wallet and will lean to the president who yields them the most money which means trump is extremely likely to win this election with everything else put aside. This is what haunts the media everyday and they will constantly try to start another recession
Covid 19 'lockdown' was just that
Obviously Obama should get the credit here right? That's what lefties always tell me anyway.
Predictable as water being set and fire being hot.
This is the result of the counterfeit operation known as the federal reserve and their enablers in Congress.
I'm not suggesting the economic fundamentals of President Trump are wrong, only that printing currency necessarily inflates the "value" of everything denominated in said currency.
Yeah. My hope is the economy recedes when a dem takes office, as that would ensure they don’t get to play savior like ObAMa and Roosevelt.
So know what else is at an all time high? The balance sheet of the federal reserve. Or are we just going to gloss over that like it's nothing?
Don't you think it's weird that we're still shutdown to a large degree in a lot of areas and we have massive unemployment but the stock market is at a record high?
It doesn't seem to be reflecting reality.
No. The stock market is investing in the future, so investors are generally pumping cash into what they feel will be imminent reopenings.
I'm so thankful we have Trump as president right now.
The Democrats and the commies in the media have done their hardest to bring him down but he's too damn tough!
And the constant propaganda being put out by the media. It's just so brutal and I can't think of many people who could've endured this, but Trump is crushing it.
At some point the Democrats and the media have to sit back and think: are we the bad guys? But I won't get my hopes up.
I just hope all of those who clearly committed treason are brought to justice...soon. Probably after Trump secures 2020.
v shaped!
Great. Most of those are tech stocks. The people who are 'clearly' on our side.
WHO - It may be another Pump and Dump, last time Microsoft, Apple and Amazon did that, and they did it once before that. Make sure that it is not those 3 companies pumping shit again....
The NASDAQ is moved almost entirely by FAANG who hate your guts and benefit from lockdowns as more folks use the internet.
“I built the strongest economy in the world and I’ll do it again.” - President Trump
That's an almost daily occurrence at this point.
Good GOD the liberal spin this is outstanding. JUST WAIT FOR THE NEXT WAVE!!!!!
Now my healthcare company needs to bring back 401k match...i mean, their stock price is higher than ever
More people are seeing the end of the scamdemic as deaths continue to fall.
Congratulations Mr. President.
Outstanding, keep up the great work!
With all tech companies stuffed to the gills with SJW loons which have been proven to be the most unproductive employees ever, surely the future for those companies couldn't be brighter!
OTOH tech companies are arguably less affected (if not made marginally more productive) by their employees working from home as compared to other sectors, so there's that.
What magic wand do you have Donald? Trump economy stronger than ever!
I can’t take any more winning!!! Lol jk bring it ooooonnn
Tesla on fire today! It's the Trump blessing!
S T O N K S
Very yes Stonks today
PEPE
The numbers were predicted this weekend too. I was excited to see them close off with a real good run. It will be the greatest come back of all time.
HONKHONK
Braindead when it comes to stocks. Other than the 401k and economic performance relative to health of the country.
Will someone make a cool analogy about this historic moment?
Cue Obama taking credit in 3....2....1.....
“My economy”
But the polls? My Biden! Russia russia russia. Unfit! Raycisssss! Ukraine Mueller russia russia BLM BLM covid19 russia mail in voting. Reeeeeeee Reeeeeeee Reeeeeeeeee. Said the democrats. But guess what!
TRUMP2020
[looks inside paper bag]
I don't know what I expected
Rocketship recovery
Damn, there are no limits to Obama's genius!!
Barry's economy strikes again!!!
Chance of a lifetime for NASDAQ investors, but we need 4 more years of Trump.
Impressive V!