Dow Drops More Than 500 Points

[FRPLG]

Originally Posted by saden1

Not this.

Mere opinions may support your statements but facts do not. Increase in liquid assets is not indicative of presidential policies but economic climate (life long dictator being in charge not withstanding). For one thing, no one is lending. What is a business to do when it can't borrow and the market is shrinking? Save money in order to meet future accounts payable obligations. Secondly, corporate liquid assets has been increasing for decades and long before Obama.

Let's put facts into the picture and watch this shall we?
Jun 23: Back it with cash - short view - markets - FT.com

So you don't believe the business community in general is essentially afraid of the administration?

or that it doesn't matter?

[saden1]

Originally Posted by FRPLG

So you don't believe the business community in general is essentially afraid of the administration?

or that it doesn't matter?

The notion that business are afraid or don't like this administration is an absurdity. Why? Because it's a blanketed statement that doesn't consider various players in the business world and their politics. If you talk to Koch or Blank brothers you will get a different take than if you talk to Larry Paige, Larry Ellison, Bill Gates, Warren Buffet, etc. Business are out for themselves and the good ones are apolitical and see the game of politics as a means to an end. When some business leader is unhappy you we should strive to find out why? Why is a CEO of a bailedout bank unhappy? Why is Wynn of Las Vegas fame is unhappy. Why should we care if Donald Trump isn't happy? The more skins they have in the game the louder they are. We just have to find out what kind of skin.

BTW, how are you measuring fear? Lack of donations or what you hear on TV from hacks? I guess the stupid talking points that business hate democrats still persists in this country.


Stay thirsty my very rich friends!




Why are all these people sitting there?

[Dirtbag59]

Originally Posted by saden1

Stay thirsty my very rich friends!




Why are all these people sitting there?

Actions speak louder then words or toasts for that matter. Companies as a whole are still sitting on their largest cash reserves in history (both in terms of sheer numbers and percentage of assets) and not spending anything. Not on R&D, Marketing, Sales, Accounting, Finance, Labor, nothing. And a decent portion of the companies that are hiring are only bringing in people willing to jump ship from another company.

And even worse then that a lot of the people that are getting hired are getting flat out abused by employers. Some people are doing the job of 3 or 4 people and are told to feel lucky that they work 60 70 hour weeks. Freezes on hiring don't just hurt the people that are unemployed, but also the people that are working.

I don't think all the blame rest with the confidence (or lack there of) in this administration. When Obama first came into office I was hoping for another Clinton like presidency. Now I'm hoping for a Carter setting the table for the next Regan.

[saden1]

Originally Posted by Dirtbag59

Actions speak louder then words or toasts for that matter. Companies as a whole are still sitting on their largest cash reserves in history (both in terms of sheer numbers and percentage of assets) and not spending anything. Not on R&D, Marketing, Sales, Accounting, Finance, Labor, nothing. And a decent portion of the companies that are hiring are only bringing in people willing to jump ship from another company.

And even worse then that a lot of the people that are getting hired are getting flat out abused by employers. Some people are doing the job of 3 or 4 people and are told to feel lucky that they work 60 70 hour weeks. Freezes on hiring don't just hurt the people that are unemployed, but also the people that are working.

I don't think all the blame rest with the confidence (or lack there of) in this administration. When Obama first came into office I was hoping for another Clinton like presidency. Now I'm hoping for a Carter setting the table for the next Regan.

Please watch the link I previously provided.

Jun 23: Back it with cash - short view - markets - FT.com

You can hope all you want, it's not going to change the facts on the ground. What is Reagan 2.0 going to do? Cut taxes? Increase defense spending? Increase the debt ceiling 18 more times? Tripple the national debt? Bring back jobs from China? Backout of NAFTA? Bust more Unions? GTFOH!