Burning Thoughts
Earning a living, investing for retirement, and understanding how world events impact our living standard.
... much to admire about the book; nonetheless, the antagonism to the Glass-Steagall Act was striking in revealing Gordon's short-sightedness to the coming financial crisis, with banks taking massive risks with depositors money that the…
Actual inflation occurs when your income can't buy the same daily goods with your salary
Declining gasoline, diesel, and petrochemical prices help the non-energy economy grow, boosting activity that 90% of the GDP that is not in the energy sector.
The upshot of the Republican Tax Cut bill will be a minor increase to GDP yet a major increase to stock prices.
Trickle Down gave Wall Street $100B lesser tax burden in the first year. It kept $91B. Wall Street trickled down $9B to Main Street.
In Twilight Zone episode, gas is 32.9 cents/gal. Now it's 10 times higher. What's the inflation rate?
More of the worker’s income goes into economic activity, increasing GDP while the owners build their savings.
With 93% of income growth being taken by the Top 1%, the salaries of workers and lower level managers are barely growing, so the nation’s GDP barely grows.
If unrest and riots are quelled without adjustments in societal and economic reality, they will reoccur—like earthquakes which always has us wondering, "Is this the big one?"
Increased consumption by retained minimum wage workers boosts the economy.