He has been educated on the fact that until the deal with China is signed the economic state of the country is precarious.
The floods of the midwest have not even ended yet, and the cost of beef and wheat is going to soar. A good fungal infection (which is normal after floods) would wipe out a lot more of it.
The unemployment rate is down as much from the boomer generation retiring as it is from expansion. Our demographic bleeding has only just started.
Take a good look at what companies are hiring: Lots of six sigma, lots of Agile production folks. Companies are looking to squeeze out as much efficiency as they can—they cannot get employees because they are not coming in at entry level—everyone wants to be a boss.
It is not going to take much to end this business cycle. One good shock and last November/December will be back with a vengeance.
That shock could be economic. It could be political. It could be military. It’s precarious.
And “our” personal finances are horrific. The median net worth for someone in their pre-retirement decade have less than $100,000 in non-home equity net worth. Do you think these people are buying a lot of capital goods? Do you think debt burdened young people 25-35 are spending a lot of money on capital goods?
That leaves folks 35-55 buying EVERYTHING. But THEY re raising kids and going into more debt.
Anyone who thinks we are in “great” shape has not scratched the surface of the gold bar—its just iron underneath.
The next few years will be interesting.
Free Traitors™ will never learn that the best deal would be no deal and a 25% import tariff.