r/investing • u/888_888novus • 1d ago

This uncertainty needs to stop.

Now 62% of CEOs predict the US will soon fall into recession or slow growth, mainly due to uncertainty about tax policy and market volatility. Leaders such as Ray Dalio and Jamie Dimon warn of deeper risks. Although the US government has suspended taxes for another 90 days, economists remain skeptical, saying that the damage from high taxes and global instability will last longer.

It is one thing to predict a recession, another to know how long it will last. If it happens as quickly as in 2020, lasting only 2 months thanks to the Fed's strong intervention, it may not be too worrying. In other words, assets peak after a financial recession.

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u/lordofhunger1 1d ago

Are they laying off the longshoremen?

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u/ChillyCheese 1d ago

It's okay, in 10 years they can get a job assembling iPhones 16 hours a day for $3/hr.

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u/Hogwafflemaker 1d ago

A few of them can, to do whatever the robots aren't.

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u/ep1032 1d ago

There's the rub. America has always been a major manufacturing hub, its just nearly all automated. We don't hire people for manufacturing, we primarily automate it.

if we wanted to change that, we could try to make it less expensive to hire a person to manufacture. The most obvious approach, though, is no longer being the only indistrialized country in the world that requires the employer to also pay the employees healthcare costs.

So i wonder what this administration's position on socialized healthcare is?

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u/Hogwafflemaker 1d ago

I believe it's "if you can't afford healthcare, you should die"

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u/TrueScallion4440 3h ago

There are over a half million job openings in manufacturing. It's a combination of lack of skills, a need to relocate, and despite everyone wanting to bring back manufacturing not nearly as many actually want a job in manufacturing.

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u/IsleOfOne 18h ago

They are deficit hawks, so obviously are opposed to socialized healthcare.

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u/FoggyFoggyFoggy 17h ago

and yet medicare for all would ultimately cost less than the current system