How long can the US markets and dollar remain the default for investors?
Chris Temple joins us to chat about the weak retail sales numbers released by Macy’s today. We then move to the topic of the overall US economy compared to Europe, China and the emerging markets. Like it or not the US markets and dollar continue to be the default for investors.
Click download link to listen on this device: Download Show
car sales-renting….. people can not afford the upkeep, of the overpriced vehicles they ride around in.
Great comments……..Chris…….on the cabal
straight talk Temple..thank you Chris.
I think the dollar exit plan is in place..
I am a true believer in a better min. wage. Here in wash. state we have the highest state wide min. wage in the usa 10.10 per hour . and wash state is largely booming. The ridic. high 15 per hour local min. in Seattle , is a problem . But many low wage jobs in Seattle paid 13 or 14 per hour anyway[housing and rents are high in Seattle ] I think a nationwide 9.90 per hour would actually help most of us . We actually need some inflation now to get people spending. my disney stock i s finally movingup slowly. S
There have been (unfortunately) isolated instances over the years where corporate heads realized they needed to give their employees a square deal. I wrote about the one closest to my heart–the Endicott Johnson Corporation–many years back, at http://nationalinvestor.com/235/real-american-heroes/
Just as –in a legal sense, as Madison warned–the Constitution was meant for a moral and religious people and is wholly inadequate for the governance of any other–so, too, must the debate over a living wage be understood against the backdrop of an IMMORAL country where banking/profits are the be all and end all. There is not the social/moral contract (as the Catholic Church most accurately taught for a long time; the so-called Third way, neither communist nor capitalist) that undergirds our economy. Thus, there is no Christian or moral compunction to treat workers as anything other than chattel/a cost of doing business.
-1
Chris,
Nice Cherry-pick on your Madison citing. There are a lot of counter examples where companies actually gave their workforce fair wages and everyone benefited. I’d say old Henry Ford would certainly have a bone to pick with you. Your commentary above reminds of the apologist for the status quo. There will be a lot of bloodshed if the status quo continues for much longer. We are going to need more creative solutions than the ones offered brilliant but dead American slave owners.
How you turn this into my being an apologist for the status quo is beyond me. The status quo treats people as cattle and finance above all else. That needs to change, whether peaceably or (far more likely) otherwise.
And last I checked, George F. Johnson was not a slave owner. . .
+1
Chris,
sooo sorry about that!!! I completely misread your post….I really should stop multi-tasking…makes an ass of myself. My apologies to you sir.
I was referring to Madison not G.F.Johnson.
Ford and Johnson seemed to be on the same page. Except maybe that Ford ethnic and political leanings were unfortunate to say the least!
Also, Johnson never had to hire private cops to bust a nascent union (and heads) as Ford did.
True that!!!
Al you said Chris is #3 did you interview rick and not post yet?
doesn’t amazon, sell used………resaler, of used merchandise.