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Who says that profits are “peaking”? The economy continues to grow and expand; personal income continues to grow; tax rates remain low; etc. If the economy and profits decline, it’s because Democrats have slammed on the brakes through their anti-growth policies.
1% - The Capitalist Class - metric to measure the economy is..growth or no growth of 'their' profits...the lower working class wage (salary) is ..means a 'booming' economy. Think Class think Unpaid Labour of Working Class..at every (gobal) business..goods & services
Trump sugar high aka tax cut for the rich is O V E R.
This is OFFENSIVE - it was renamed to Beijing in the 90ties
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For the stock market, jobs report reaction shows bad news is good news nowThe government's nonfarm payrolls report showed growth of 155,000. Though that's still a pretty healthy level of gains this late into an expansion, it could be enough to make the Fed hesitate about its plans to keep raising interest rates. Because the Fed might slow down on hikes? That's my guess & terrible if that's the case. Rates need to keep moving up.
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The stock market's death cross is particularly bad news this time around, Bank of America saysA death cross forming in the S&P 500 is never a welcome development. But the current death cross is notably negative, the bank says. Helloooooo depreciation of the US dollar 🙃
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Corporate America Is Ready to Pay Down Its Debt. That’s Bad News for Stocks.Companies have borrowed record amounts of debt in recent years, in part to buy back record amounts of stock. These borrowers are now starting to pay down debt and reduce leverage—and that could be trouble for stocks.
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