No. of Recommendations: 1
Overall. business has been wonderful.
Biden, Trump, Obama, whatever --- anyone selling shoes to clothes to cars to cruises has had a wonderful run. They've raised prices, cut back services, and the American consumer thanks them for it because many Americans are made to spend. Born for it. Give him a 100K a year, $400k a year, he'll spend 101k and 401k a year, respectively. And social media culture, has made "the new normal" for Americans an unrealistic, check-to-check affair in many cases in that things we did as 'treats' as kids - are now the normal every day way of life. Christ, people need a brand named "reusable water bottle" ---this shit starts from childhood and continues on.
Anyway - as someone who cares about VOTER TURNOUT ISSUES, and not the Sheeple daily outrage meme of the week....I contunue to marvel at Medicaid and especially Affordable Care Act.
DISCLOSURE: As i've said many times - I've benefited from ACA. On TMF when ACA came out - I was at my apex business-wise, would've never dreamed of needed ACA. I never even knew what my insurance costed BUT even on TMF i said - ObamaCare is an imperfect but awesome step vis a vis pre-existing conditions and a handful of other items. But just disclosing again - yes - since I early retired i've milked the shit out of ACA and milked the shit out of everything else. I spent many years planning the whole thing. 80% was honest above board, 20% - well - i really stuck it to the system and future auditors should pay me as a consultant :)
So to me, the disappearing subsidies isn't a crisis. It means maybe one less vacation here and there. Not happy about it, but hey, i've taken SO much it's almost appropriate this happens lol.
BUT to the general public i wonder - if 20,000,000 American see their monthly premium increase - anywhere from realistically $100 up to ----$800 per month....
Does that mean less cruising? Less flying? Maybe less car buying? Again i'm not talking about the Club 401K caste on TMF or Bogle - i'm talking aobut htep people that you people don't consort with.
I feel that math is math and that this WILL affect some modicum of consumer spending.
I don't avidly follow the "stock market" but i wonder ---if people feel this will weigh on businesses even a little.
Your deity-esque corporations will have to maintain growth for these multiples - and they'll have to do it with a small chunk of their consumers having less money to spend.
Or does cheaper gas and maybe 1-2% lower mortgage rate (which would be the fakest shit ever give n the national debt) absorb this, and the Americans keep doing what they do best -- and spend?
No. of Recommendations: 1
Or does cheaper gas and maybe 1-2% lower mortgage rate (which would be the fakest shit ever give n the national debt) absorb this, and the Americans keep doing what they do best -- and spend?
It depends upon how much lube it takes to sell it to "the market". If the companies can keep changing the requirements to keep selling their crap at ANY price--AND "the market" believes that is ongoing profitability--then stock prices will rise and the cost of credit to the business will go down (or at least not go up).
Remember how companies wondered how to sell higher-priced goods *without* making the items better? They divided consumer payments into 3-4-5 (and even more) "affordable" amounts, thus enabling a $400 single payment into $100/$80/$50/$40/$20 payments. This allowed the consumer to SPEND *NOT MORE* YET BUY MORE "NOW". When the job ends, so do the payments--and the economy goes "ker-SPLAT" !! But that is a FUTURE problem because WE DID NOT DO IT !!! Management has changed 3 times in a year (or less), so it is NOT OUR PROBLEM.
Sound familiar ????
