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Tiny

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Re: What are you thinking - (political version)
« Reply #810 on: December 04, 2015, 05:42:38 PM »

Exchange rate policies, not high wages, are why U.S. lags China and Germany in export performance.

The decline of manufacturing in the United States over the past 15 years has been well documented: 5.4 million manufacturing jobs and over 82,100 manufacturing establishments were lost between 1997 and 2013. There is a common but incorrect idea that high wages in U.S. manufacturing are causing growing job losses and declining U.S. export competitiveness. Germany has among the highest manufacturing wages in the world but maintained a stable share of world exports throughout this period and suffered only minimal manufacturing job losses, most of which occurred in the wake of the Great Recession. Meanwhile, manufacturing wages in Germany exceeded those in the United States by more than one-third through much of this period.

http://www.epi.org/publication/exchange-rate-policies/
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blue2

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Re: What are you thinking - (political version)
« Reply #811 on: December 04, 2015, 06:07:44 PM »

Ah, I think the German government is much kinder to  manufacturing companies than Obama is for ours. He and his socialist friends want to keep raising taxes in them for his "free stuff" programs
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SidecarFlip

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Re: What are you thinking - (political version)
« Reply #812 on: December 04, 2015, 07:45:33 PM »

Ah, I think the German government is much kinder to  manufacturing companies than Obama is for ours. He and his socialist friends want to keep raising taxes in them for his "free stuff" programs

I think so too.  I know John Deere has a huge presence in Mannheim Germany, I have a good friend who is an engineer there.  My German buddy that thinks guns should only be weilded by the military....
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excelsior

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Re: What are you thinking - (political version)
« Reply #813 on: December 05, 2015, 10:56:40 PM »


I think I will have a cold one to celebrate the 21st.

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Tea Party Patriot

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Re: What are you thinking - (political version)
« Reply #814 on: December 09, 2015, 06:46:12 PM »

I hope they have time to get that "Carly:Warrior for the Babies" advertising campaign stopped pretty quick.


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Tiny

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Re: What are you thinking - (political version)
« Reply #815 on: December 09, 2015, 10:44:38 PM »

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Tiny

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Re: What are you thinking - (political version)
« Reply #816 on: December 10, 2015, 04:36:41 PM »

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arpydave

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Re: What are you thinking - (political version)
« Reply #817 on: December 10, 2015, 05:12:09 PM »

Rather well said there, Tiny
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Tiny

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Re: What are you thinking - (political version)
« Reply #818 on: December 12, 2015, 11:36:24 AM »

Wall Street is now lobbying furiously to stop the Labor Department from requiring all financial advisors to work in the best interests of their clients – a so-called “fiduciary” obligation – rather than, as now, steer them to funds and investments that benefit the advisors and the banks. At this moment the Street is trying to put a rider on the end-of-year government-funding bill that would slow or stop the Department from issuing its rule.

Background: Fifty years ago, most workers got a pension with a fixed amount per month (a so-called “defined benefit”), so they didn’t need financial advice. Now, if they’re lucky, they retire with an IRA or 401(k) plan – which require they make decisions about where to invest. So an entire industry has grown to dispense investment advice. It’s now a big part of Wall Street’s profits.

Yet many worker’s savings are secretly being depleted by conflicts of interest, because their financial advisors are steering them toward investments promoted by the Street -- good for the advisors and the banks but not in the best interests of workers. That’s why the Labor Department’s rule is important. And why Wall Street’s furious lobbying against it is despicable.
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blue2

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Re: What are you thinking - (political version)
« Reply #819 on: December 12, 2015, 11:42:22 AM »

We aren't going to beat the crooks.  The politicians are part of them.
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Monroe Native

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Re: What are you thinking - (political version)
« Reply #820 on: December 12, 2015, 06:50:29 PM »

Wall Street is now lobbying furiously to stop the Labor Department from requiring all financial advisors to work in the best interests of their clients – a so-called “fiduciary” obligation – rather than, as now, steer them to funds and investments that benefit the advisors and the banks. At this moment the Street is trying to put a rider on the end-of-year government-funding bill that would slow or stop the Department from issuing its rule.

Background: Fifty years ago, most workers got a pension with a fixed amount per month (a so-called “defined benefit”), so they didn’t need financial advice. Now, if they’re lucky, they retire with an IRA or 401(k) plan – which require they make decisions about where to invest. So an entire industry has grown to dispense investment advice. It’s now a big part of Wall Street’s profits.

Yet many worker’s savings are secretly being depleted by conflicts of interest, because their financial advisors are steering them toward investments promoted by the Street -- good for the advisors and the banks but not in the best interests of workers. That’s why the Labor Department’s rule is important. And why Wall Street’s furious lobbying against it is despicable.

That is why I pick my own horses rather then paying someone to pick my horses for me.

Studies show that mutual funds don't outperform index funds - and certainly not after the higher fees.  On top of that the industury is trying to convince me that I need an "investment advisor" to pick the mutual funds?

Hogwash.  I can read the simple chart that shows performance the last 1,3, 5, 10 years, and move the money to the funds that are performing from the ones that aren't.  It's not rocket science, and I don't have a conflict of interest in picking funds that pay me higher fees if I pick them to move my clients money into them.
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Re: What are you thinking - (political version)
« Reply #821 on: December 12, 2015, 08:47:20 PM »

You all know how much I despise that non-white guy whos the president, but even I have to admit I'm  kind of impressed that he got the entire world to go along with his climate change hoax.
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livewire

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Re: What are you thinking - (political version)
« Reply #822 on: December 12, 2015, 11:58:13 PM »

You all know how much I despise that non-white guy whos the president, but even I have to admit I'm  kind of impressed that he got the entire world to go along with his climate change hoax.

No, he didn't. Just with weak minded individuals.
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Monroe Native

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Re: What are you thinking - (political version)
« Reply #823 on: December 13, 2015, 09:37:38 AM »

No, he didn't. Just with weak minded individuals.

No - just the individuals who want to control all the "we the sheeple" and the "sheeple" that are gullible enough to not see they are being controlled on a lie.
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I have learned that only two things are necessary to keep one's wife happy. First, let her think she's having her own way. And second, let her have it.
Lyndon B. Johnson

You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
Lyndon B. Johnson

Professor H

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Re: What are you thinking - (political version)
« Reply #824 on: December 13, 2015, 10:30:13 AM »

Wall Street is now lobbying furiously to stop the Labor Department from requiring all financial advisors to work in the best interests of their clients – a so-called “fiduciary” obligation – rather than, as now, steer them to funds and investments that benefit the advisors and the banks. At this moment the Street is trying to put a rider on the end-of-year government-funding bill that would slow or stop the Department from issuing its rule.

Background: Fifty years ago, most workers got a pension with a fixed amount per month (a so-called “defined benefit”), so they didn’t need financial advice. Now, if they’re lucky, they retire with an IRA or 401(k) plan – which require they make decisions about where to invest. So an entire industry has grown to dispense investment advice. It’s now a big part of Wall Street’s profits.

Yet many worker’s savings are secretly being depleted by conflicts of interest, because their financial advisors are steering them toward investments promoted by the Street -- good for the advisors and the banks but not in the best interests of workers. That’s why the Labor Department’s rule is important. And why Wall Street’s furious lobbying against it is despicable.

Had an "intro" to that as the City was just starting to allow common folks to join the pre-tax retirement funds  that department heads had access to...    There were a few choices, and most learned that the "FEES" and churning ate up the gains... 

Had to convert from those as quick as you retired to have a chance at what the rest of the market was enjoying...   
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