If we are in a recesssion in 2020, we will get a Progressive as president, guaranteed.

This is your ideology talking. Empirical evidence shows otherwise. And here is another lesson in how business works. I was working for this company that designed and manufactured scientific instruments. The FDA had just released new regulations on testing the purity of water and other substances that were used in the manufacture of pharmaceuticals. More than one person in the company had read about one of the regulations, of which we had the technology and know how to produce an appropriate instrument to satisfy the regulation.

A team was assembled, electrical, software, and mechanical engineers, chemists, technicians, even a group secretary. Each would go off and do their thing, but keep interacting with the others, as each was producing a piece of a larger puzzle. It may have just been the Boulder culture, but there was never one person in charge, and the design process always proceeded through a somewhat democratic process, a back and forth between the different participants.

By time we had a working prototype, the marketing guys were out in the field, starting a buzz, and production was gearing up. Sure enough we easily beat everyone to the market, with a top line product, and made tens of millions of dollars in the first year of production. After they gave us, the design team, our bonuses, people bought new cars and moved into new houses.

Successes are team efforts.

 

"" if "" ?

 

How vague can one get? This is just another one of your long winded posts on your business successes. So vague as to say nothing at all. In fact, it seems as if every one of your business stories is just an excuse to hero worship yourself and denigrate people who don't agree with you..

 

And there you are gleefully praying for economic ruination.

Thank you for proving my point.

 

It's unfortunate that you resort to evasion of things so obvious.
I'm old- I went into business at age 26, so I've had time (over 50 years) to do a lot and learn a lot- and I've never quit learning. My businesses were never huge, always small businesses that concentrated on profit as well as operating with as few employees as possible. However the nature of my businesses put me in contact with many famous entrepreneurs, and a wide understanding of scale and impact of management.

And I don't "denigrate" workers- I respect people who perform, but I have no respect for those who do not, and I won't feed their egos by acting like I do. There are good and bad people in every field- politics, business, employed workers, education- all of them. The individual earns his own reputation. The organizations earn the reputations that the the management of that group defines. By and large, if you consider 100 applicants for a basic position, 95 of them will not be acceptable. You discover that before you get to qualified skills; you find issues with honesty, reliability, attitude- things that tell you a practical relationship is not possible. If you think it's denigration to not hire people you know you would have to fire soon- then I guess I do in that respect. I don't like firing people, so I have always done my best to avoid people where it was likely to become necessary. When I hire- I'm the customer, shopping for work skills and attitude. Not a social agency, not a nanny, not a convenience- I expect performance and my money's worth. I suspect you think that is too much to ask.

The fact is that the most successful businesses are run by good and honorable people- not by crooks. It takes a great manager to build a successful team that has a lot of employees- and I found that I did not have that particular ability or desire to work with the associated games, such as unions- so I have designed my businesses to be very lean and clean in that respect. But my exposure to the execs of large corporations has given me insight into the ways those people function, so I do understand how and what drives them. I've asked them all to share the secrets of their success at every opportunity too, and most have done so happily. One thing I can tell you for sure- the guy like you who comes in with an attitude and a chip on your shoulder won't get the time of day. Successful people don't throw time away on people with closed minds. I think that defines you.

Vague..... is only so to those who don't understand. To people who understand the subject, no explanation is needed. to those who do not, no explanation is possible.

 

Lol...Your point is incoherent.

 

Sometimes they are, and that's good. Sometimes they are produced from one brilliant person or lucky event. What regulations do it the pharmaceutical industry is to make it so expensive to get anything approved that the single brilliant idea doesn't have a chance, unless it falls into the hands of some huge corporation. Regs insure that. Not all bad of course- but it's not all good either.

Somewhere in your group was the one person who came up with the winning idea; the rest of you simply polished or tuned or came up with details..... which would have been recitals without the one factor that made it work. I wonder if this "team" actually recognized that person who made all the difference? Even with teams, there is a tendency to resent the stars, and deny their importance in a win.

 

Really? That was too complicated for your to grasp?

The left wants a bad economy and lots of wars to make the Orange Man look bad.

Do I need to make it simpler than that for you?

 

I think 2020 is an election for the Democrats to lose. Then again so too was 2016.

 

People always vote with their wallet.

Right now, its conservatives winning.

 

Like I said.

 

There has been more destruction and recessions since the creation of the Fed, than before. Before the Fed, recessions were temporary, and economies went back on there feet and growing quickly. How can you attribute stability to the Fed? They are the most unstable government entity. Deregulation doesn't necessarily cause recessions. We can re-regulate banks, and I don't think this is a bad idea, instituting glass steagall etc, but if the Fed puts rates below market rates, we will always have boom, bust cycles, as this enables cheap credit.

 

Interesting, you think so? Idk man, it seems like this country is going far-left according to the polls. Although many of these polls can be misleading.

 

I first became aware of it at a weekly status meeting. It was a marketing guy and a chemist who brought it up. They were convinced it was something we could easily do and it was consistent with our other products. At the meeting, the chemist drew up a schematic of what he thought would work. By the next meeting I had created a cardboard mock up of the instrument and the chemist had worked up the plumbing parts. A couple of weeks later and we had a crude instrument. Then came an electrical engineer/programmer who put in the processor board and helped with the integration.

We had a lot of problems on our initial tests. In a conversation with the production VP, I told him that I didn't think the plumbing was right. He suggested I fix the design and take it to the next meeting. A couple of weeks later we had a working prototype. By time the product was released, everything but the processor board, power supply, and reaction cell were of my design. A chemist wrote the algorithm and a programmer wrote the user interface. So there were basically four of us who did the design.

The product release was such a fun time. Product releases are often chaotic. But I knew the product intimately and I really enjoyed being the one who was directing the everyone else in its production. That feeling is quite gratifying.

Afterwards, since I worked in R&D, I then spent time, with a colleague, developing heat exchangers and giving the whole reaction cell a quantum mechanical study. He came up with a better reaction cell I figured out how to take the heat noise out the instrument's readings, making a much more accurate instrument.

Anyhow, in my house, all cookware, dishes, utensils, drinking glasses, are made of either glass or stainless steel. Food reacts with everything else.

 

You are wrong about this. We had far worse boom/bust cycles before the Fed.

 

No we haven't. The Great Depression happened with and in part due to the Fed. This video explains it all.

 

You really don't know the financial history of the United States. Before the Fed, the US banking system was quite chaotic. The Fed created a great deal of stability. The depression was caused by business failure, not the banking system. In fact, modern business and its reliance on loans, which is one of more important features of the Fed, is part of what pulled us out of the depression.

The most primary function of the Fed is to provide a reserve of money that businesses, through their banks, can access. Most modern corporations operate on the principle that they make a higher profit than the cost of the loans they use to operate their company. It is basic to how companies work. That is how a company loses money. They don't have enough profit to cover the costs of their loans.

Before the Fed, there was no such reserve. The American economy, the money supply expands with loans, and the Fed is the vehicle that makes it possible.

If the Fed were to be eliminated, our economic system would collapse.

 

Try an example. Once, when I was going around, showing the factory workers what they needed to do, I had an interesting encounter with a worker. I told her that at a certain location she had to place a piece of tubing four and three quarter inches long. She responded with, "But the drawing says four point seven five". She didn't last long.

 

The Fed flooded the market with cheap money during the GDPR, which caused malinvestment. They did this by changing the time vs demand deposit ratio, inflating both, prior to which were both equal. The Fed enabled an increase in bank reserves, and kept discount rates below market rates, giving them access to cheap credit, increasing the total money supply. This increase in bank reserves was responsible for most the money supply growth, during the boom of the 20's. When malinvestments fail, the government intervened and further misallocated resources, enabling the Great Depression to on longer than expected.

 

Well if YOU and the rest of the country believe it will happen, then it will But I don't think the mood of the American is that of a doom and gloom future so they will continue to spend spend spend, make loans and enjoy this period of disposable income and while they are not worrisome about the economy, jobs or the future of the U.S.

And then there is the choice of indexing We could do like Mr. Obatard and use the smoke and mirror index CPI or we might use they real numbers EPI. I'm sure the leftwing plan will choose the one that reflects the highest percentage and the Republicans will use the lowest indicator.. In any case it will be a leftist media blitz to scare the public in to thinking "THE SKY IS FALLING" hoping to stop spending and momentum to create inflation..

 

Why am I not surprised it didn't register with you

 

There are many examples of people who believe they know, but understand none of it.
IF you are reasonably skilled in your craft, such small things are like "tells" in poker- and you don't need many to see the picture.
I've seen the same thing. Actually worse. One in particular... lasted less than one day.

 

Well to their defense! If you are a leftist that lives on the free shlt their party hands out, why would you care to know how the economy works? The only real thing most live by is a 1-800 number and a recording telling them if their gub-mint-check was deposited

 

Well, they would have a point. Trump's tax cuts ballooned the national deficit. People might like the bull market right now, but I can guarantee you soon enough there will be some recession hit us worse than 2008. What goes up must go down, and yes Trump would have to run with that downed economy.

 

"Washington (CNN)The House on Thursday passed a Senate version of a border funding bill that aims to address the humanitarian crisis at the southern border following outrage and an outpouring of emotion on the House floor from progressives."



The progressives are at again. Junior members of the House, Rahshida Tlaib, Alexandria Ocasio-Cortez, and others, were outraged at the bipartisan Senate bill which overwhelmingly passed 84 to 8.

Rep. Veronica Escobar became emotional on the House floor as she talked about the photo released earlier this week of a father and daughter who drowned trying to cross the Rio Grande into the US. The Texas Democrat wiped away a tear at one point during her speech as her voice broke.

Rep. Alexandria Ocasio-Cortez of New York told CNN's Jake Tapper on "The Lead," "My district is 50% immigrant. I have an obligation and responsibility to protect them. I believe what we should ideally be doing is passing a pure humanitarian bill to get money straight to the kids."

These novice members of the House who seem to completely reject compromise are too inexperienced to realize their idealism can be self-destructive. If they got their wish and they defeated the humanitarian bill that helps the children, Americans would not listen to their argument that the President could not be trusted. Americans will only take note of the fact that the Democrats denied migrant children of a blanket along with soap, toothbrushes, and toothpaste.

The progressive motives would have been disastrous for the Democratic Party and they would be helping Trump again.

Pelozi recognized this. "The children come first. At the end of the day, we have to make sure that the resources needed to protect the children are available," she wrote in a letter to her caucus earlier Thursday. "Therefore, we will not engage in the same disrespectful behavior that the Senate did in ignoring our priorities. In order to get resources to the children fastest, we will reluctantly pass the Senate bill."

Moreover, had the Speaker went to the mat with the progressive demands, it would have been argued she was trying to make Trump look bad over the bodies of children ... literally.

Pelozi and the majority of Democrats did the right thing. Moderate is not a dirty word.