American job openings outnumber the jobless, first time ever recorded

[zimmy]

Originally Posted by Jim in CT

What we do know, is that take home wages are up, thanks to the tax cuts.
Posted from my iPhone/Mobile device

Maybe take home wages are up, a tiny bit... That doesn't necessarily equate to people having a net positive in wealth. If everything costs more as a result of the tax cuts, well you can figure out the rest...


"Inflationary pressures from the tax overhaul and fiscal stimulus will be the surprise result in 2018, says Brent Schutte, the chief investment strategist for Northwestern Mutual Wealth Management Company."
http://www.businessinsider.com/tax-r...flation-2018-1

[scottw]

Originally Posted by zimmy

If everything costs more as a result of the tax cuts, well you can figure out the rest...


"Inflationary pressures from the tax overhaul and fiscal stimulus will be the surprise result in 2018, says Brent Schutte, the chief investment strategist for Northwestern Mutual Wealth Management Company."
http://www.businessinsider.com/tax-r...flation-2018-1

but he goes on to say that the inflation we're seeing is lagging from 12-18 months ago....

"Inflation is a lagging indicator," he said about the current inflation levels, which he added are a reflection of 12 to 18 months ago when the global economy was recovering from a weak period of growth caused by a supply-drive oil war"

....the tax cuts just went into effect recently....how are they(tax cuts) causing everything to cost more if things are costing more due to lagging inflation cause by something 12-18 months ago?

[zimmy]

Originally Posted by scottw

but he goes on to say that the inflation we're seeing is lagging from 12-18 months ago....

"Inflation is a lagging indicator," he said about the current inflation levels, which he added are a reflection of 12 to 18 months ago when the global economy was recovering from a weak period of growth caused by a supply-drive oil war"

....the tax cuts just went into effect recently....how are they(tax cuts) causing everything to cost more if things are costing more due to lagging inflation cause by something 12-18 months ago?

You are right, he probably should have said 2019. Though he doesn't claim it is causing inflation now, as you state. In any case, Jim is talking about people have more money now (he use words like "in their pocket; take home wages.") The point is that the tax cuts may cause wage increases immediately (though they haven't very much) and then they may lead to inflation. The result might be everything costs more and people haven't made enough to off set the cost.

[scottw]

Originally Posted by zimmy

You are right, he probably should have said 2019. Though he doesn't claim it is causing inflation now, as you state. In any case, Jim is talking about people have more money now (he use words like "in their pocket; take home wages.") The point is that the tax cuts may cause wage increases immediately (though they haven't very much) and then they may lead to inflation. The result might be everything costs more and people haven't made enough to off set the cost.

"probably, may, might".....

are you assuming wages will never increase?
with all those jobs out there it's a great time to get a second job like we used to do in the old days

[zimmy]

Originally Posted by scottw

"probably, may, might".....

What the h else could accurately be said about something that hasn't happened yet? They are auxiliary verbs and unless you are the moron running things these days you would allow for uncertainty. He just says things like

"I may be wrong, I mean I may stand before you in six months and say, 'Hey I was wrong, I don't know that I'll ever admit that, but I'll find some kind of an excuse."

Of course it is prognostication. It is based on what has happened in the past under similar conditions.

[scottw]

Originally Posted by zimmy

What the h else could accurately be said about something that hasn't happened yet?

you wrote ...."Maybe take home wages are up, a tiny bit... That doesn't necessarily equate to people having a net positive in wealth. If everything costs more as a result of the tax cuts, well you can figure out the rest..."


reads like present not future....

[zimmy]

Originally Posted by scottw

you wrote ...."Maybe take home wages are up, a tiny bit... That doesn't necessarily equate to people having a net positive in wealth. If everything costs more as a result of the tax cuts, well you can figure out the rest..."


reads like present not future....

Right. At times, Jim has poo poo'd people's suggestions that we kinda need to wait and see what happens a bit longer before we start lauding Trump for the "great things he has done for the economy." That discussion involves present and future. If you think the tax cuts were a great decision, you might side with Jim. If you think they weren't, as employed, the best decision you probably have to give it some time before putting up the mission accomplished banner.