Is Economy Doing Well?

[Michael S]

Back to the Future 70 plus years ago

Wasn't there people behind those machines refilling them? Still, cheaper than having someone cook and someone take an order.

We went to Chick-fil-A on Saturday for lunch and I would say every employee there was worth $15 an hour. The quality of service and competence of the employees versus McDonalds, Burger King, KFC, etc. is just night and day. I think that's one reason why in basically the same size building their average sales are $2.9 million while Popeye's averages $1.2 million, KFC $0.92 million, and Church's Chicken $0.71 million. McDonalds comes the closest at $2.5 million.

 

[Terrel L. Shields]

Wasn't there people behind those machines refilling them?

We hope

 

[normando]

Wall Street is awaiting FED's decision whether to raise rates.
The FED will not raise rates. FED would have sent hints. FED's job is not to bring surprises.
Wall Street hates surprises.

 

[Terrel L. Shields]

http://www.cbsnews.com/news/what-if-slow-economic-growth-is-the-new-normal/

According to Gordon, the digital revolution now underway is much less important than inventions that came about between 1870 and 1970 such as electricity, sanitation, chemicals, pharmaceuticals, transportation systems (the internal combustion engine in particular) and communication.

Therefore, we shouldn’t expect the same boost to productivity from digital technology. Because rising productivity is the key to rising living standards, lower productivity growth will reduce the rate that living standards improve.
​

So the digitial economy is efficient, so much so that it and automation is making labor obsolete, or, you can say

As [Larry] Summers has noted: “The economies of the industrial world, in this view, suffer from an imbalance resulting from an increasing propensity to save and a decreasing propensity to invest. The result is that excessive saving acts as a drag on demand, reducing growth and inflation, and the imbalance between savings and investment pulls down real interest rates.”
​

So spend until you go bankrupt and you'll save the economy...yep, that's it.

 

[Workbox]

We are no longer in a regular fundamental market and natural cycle of market. The FED Reserve as perverse that to where it has its own quarterly cycle. I know and have seen it. I have been trading since 2010 and have had my ups an down, but learned from them. I can with assurance comment on market conditions.

We are in election year and we may have some up trend, but we must first test Brexit lows. Once we test those, we jump to test highs again till elections. Once that happens, 2017 should be ugly. I promise you that, just like I indicated that back in 06-09.

 

[normando]

We are no longer in a regular fundamental market and natural cycle of market. The FED Reserve as perverse that to where it has its own quarterly cycle. I know and have seen it. I have been trading since 2010 and have had my ups an down, but learned from them. I can with assurance comment on market conditions.

We are in election year and we may have some up trend, but we must first test Brexit lows. Once we test those, we jump to test highs again till elections. Once that happens, 2017 should be ugly. I promise you that, just like I indicated that back in 06-09.

Are you saying whoever wins this coming election, 2017 will be ugly. Is it inevitable?

 

[Meandering]

The Fed will speak at 2:00 today.
See if they believe the economy is good enough to raise rates.

 

[Workbox]

Are you saying whoever wins this coming election, 2017 will be ugly. Is it inevitable?

Yes I am. If Clinton wins, they blame it on Russia/War/Flalse Flag. It Trump wins, they blame it on him. The trouble brewing is that Fed Juice is having less and less effect on markets. Plus there are cycles that are in place and have been for many decades. As appraiser or those that study property economics will see the trends after awhile. If you trade you see more of the truth and the BS. The FED is politically tied and they have been called out.

 

[Meandering]

Janet Yellen will be on today at 2pm cnbc to proclaim what the Fed will do with rate.

My opinon is it will go something like "normalization".

Uh, datapoints, employment, consumer spending, growth, inflation, uhm, uhm. careful, uhm, uhm, other countries, uhm, uhm, We'll look again in December. Yup the Yellon normalization of the story line.

.

 

[normando]

Yes I am. If Clinton wins, they blame it on Russia/War/Flalse Flag. It Trump wins, they blame it on him. The trouble brewing is that Fed Juice is having less and less effect on markets. Plus there are cycles that are in place and have been for many decades. As appraiser or those that study property economics will see the trends after awhile. If you trade you see more of the truth and the BS. The FED is politically tied and they have been called out.

For the last 8 years, there really was no fiscal policy. Everything done was reactive and not proactive. There's so much the Fed can do. If the right fiscal policy comes into play next year with Congress passing significant laws, I'm optimistic.