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Politics : Formerly About Apple, Inc. Unmoderated
AAPL 318.31-0.3%Jan 24 4:00 PM EST

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To: J.F. Sebastian who wrote (9954)12/8/2019 6:27:48 PM
From: Doren   of 10141
 
I would argue that a deficit is worse. The debt then as now is MI complex and Prison industrial complex. This idea that the economy is doing well because the consumer is "healthy" doesn't fly with me for a couple of reasons:

1) average pay is going up... yeah it is... one ultra rich corporate exec can pull in enough to offset 1000 former industrial workers who've moved on to becoming working welfare recipients at Walmart. Only the top 20% are doing better. The top 20% buy 60% of Xmas gifts.

2) the millennia's can afford XBoxes or Amazon talking boxes, and even car loans... but they can't swing entry level homes...

That is not a healthy consumer. Many of them can't afford a car, because they live in soviet style apartment buildings with no parking. They use UBER and ride scooters.

The healthy consumers are the ones I often work for. People who can, literally, write a check for a 10 million dollar second or third home on a whim. And its not trickle down... very few on the job sites I work on are getting paid more than they did 10 years ago.

And pretty much inflation is more than the government stats, which don't count everything... just "core" stuff.
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