I still think the environment is till too risky for many businesses to make investments. I mean average owners not delusional leaders like Tim cook who thinks because apple is opening a plant it will spark a domino effect. The tariff environment is too high and businesses are seeing softer demand . Only time will tell. I think a quarter point is also good. With inflation picking up and the holiday season coming around.
Tim Cook is not delusional. His is a huge business that can improve its business by coseying up to the President. On NPR this morning Justin Wolfers called it "crony capitalism".
You are missing my arguement and applying term to heavily to him. In the topic of business investment where he thinks Apple will investment will lead to a large domino effect. That is deluded. The data doesn't support that. Hiring and investment is down and seeing one company doing it will not spark confidence in the greater economy. I agree with Wolfers on the crony capitalism. But the claim Tim Cook made as a whole is deluded. I doubt he even believes it. He said it in a crowded room in front of the press. Hence the crony capitalism you point out.
OIC. Yes -- many companies are having trouble with tariffs because of the lack of component manufacturers in the States. They can't expand manufacturing without a complete "ecosystem" of suppliers. Moreover, the assault on immigrants reduces the number of available workers, so high labor costs become even higher. I see what you mean, but I wonder. Having a friendly Trump can help a company a lot. For example, as we have seen with Mr Musk, they could get preferred access to government contracts. If, for example, Donald decided that all government offices need Apple computers, his investment might not seem delusional. What Tim is calling "smart manufacturing" surely refers to robots replacing labor, which would help with that piece. Anyway, we will see...
I understand what you're saying. It is definitely possible. However that would benefit a few corporations. The majority of the US economy is composed of small businesses. The claim Cook made would only work for a small subset. When he made his statement it is impossible for me to know what or he is referring too. It is as you said we will see. After all it is part of a CEOs job to sell a dream and always make the company look good. Nice chatting with you.
My rule is never to believe that a speaker or writer, especially in politics, believes what they say, but to suppose that this is what they want us to think. When this Administration says they want a 1% interest rate, I am reminded of the 1896 electoral battle between William McKinley, that solid Republican, and the flamboyant lawyer William Jennings Bryan, that was mostly fought on the issue of "free silver". McKinley eventually won, but the real issue was the use of inflation (hence "free silver") by Bryan to reduce the load of debt-holders of the time, farmers, who would otherwise lose their farms. In our day, Mr Trump says that he want to help poor workers, but that is certainly not the reason why he wants low interest rates -- it has not passed unnoticed that he recently passed a major budget-busting spending bill to reduce taxes on the President's fellow rich Americans at a time when interest payments by the federal government had recently risen to a higher level than military spending as a result of the inflation of 2022-2023 and interest rate increases by the Fed to bring it down. Mr Trump wants to reduce the national debt by the time-honored method used by Germany in 1921-1923 -- by inflation.
There is still way too much uncertainty for the Fed to cut more aggressively, imo. They are prioritizing the job market which is logical, but it is cracking, not completely falling apart.
I still think the environment is till too risky for many businesses to make investments. I mean average owners not delusional leaders like Tim cook who thinks because apple is opening a plant it will spark a domino effect. The tariff environment is too high and businesses are seeing softer demand . Only time will tell. I think a quarter point is also good. With inflation picking up and the holiday season coming around.
Tariff uncertainty is high. Let’s see what happens with next months reading of the CPI and PPI
Tim Cook is not delusional. His is a huge business that can improve its business by coseying up to the President. On NPR this morning Justin Wolfers called it "crony capitalism".
You are missing my arguement and applying term to heavily to him. In the topic of business investment where he thinks Apple will investment will lead to a large domino effect. That is deluded. The data doesn't support that. Hiring and investment is down and seeing one company doing it will not spark confidence in the greater economy. I agree with Wolfers on the crony capitalism. But the claim Tim Cook made as a whole is deluded. I doubt he even believes it. He said it in a crowded room in front of the press. Hence the crony capitalism you point out.
OIC. Yes -- many companies are having trouble with tariffs because of the lack of component manufacturers in the States. They can't expand manufacturing without a complete "ecosystem" of suppliers. Moreover, the assault on immigrants reduces the number of available workers, so high labor costs become even higher. I see what you mean, but I wonder. Having a friendly Trump can help a company a lot. For example, as we have seen with Mr Musk, they could get preferred access to government contracts. If, for example, Donald decided that all government offices need Apple computers, his investment might not seem delusional. What Tim is calling "smart manufacturing" surely refers to robots replacing labor, which would help with that piece. Anyway, we will see...
I understand what you're saying. It is definitely possible. However that would benefit a few corporations. The majority of the US economy is composed of small businesses. The claim Cook made would only work for a small subset. When he made his statement it is impossible for me to know what or he is referring too. It is as you said we will see. After all it is part of a CEOs job to sell a dream and always make the company look good. Nice chatting with you.
My rule is never to believe that a speaker or writer, especially in politics, believes what they say, but to suppose that this is what they want us to think. When this Administration says they want a 1% interest rate, I am reminded of the 1896 electoral battle between William McKinley, that solid Republican, and the flamboyant lawyer William Jennings Bryan, that was mostly fought on the issue of "free silver". McKinley eventually won, but the real issue was the use of inflation (hence "free silver") by Bryan to reduce the load of debt-holders of the time, farmers, who would otherwise lose their farms. In our day, Mr Trump says that he want to help poor workers, but that is certainly not the reason why he wants low interest rates -- it has not passed unnoticed that he recently passed a major budget-busting spending bill to reduce taxes on the President's fellow rich Americans at a time when interest payments by the federal government had recently risen to a higher level than military spending as a result of the inflation of 2022-2023 and interest rate increases by the Fed to bring it down. Mr Trump wants to reduce the national debt by the time-honored method used by Germany in 1921-1923 -- by inflation.
There is still way too much uncertainty for the Fed to cut more aggressively, imo. They are prioritizing the job market which is logical, but it is cracking, not completely falling apart.