Some of these industries, such as hospitals that charge different prices to different customer for the same service, are in gross violation of basic consumer laws. If other industries behaved the same way, they'd be sued out of business. Some of this only requires changing the people working in the regulatory agencies.
Trump isn't the guy to solve the bigger issues given how much he focused on the DJIA in his first term, but it's also historically the case that these type of regulations come well after the market bust. Once the losses are already incurred, the market will go up even with anti-corporate laws. In the near term, it would likely require "MAGA" representatives in the House foisting this type of legislation onto Trump, sort of like how Paul Ryan pushed pro-corporate tax cuts onto to Trump in his first term.
No corporate can escape the troubles of its customers indefinitely. This bull market has been very long indeed and has defied logic, also because fiscal and monetary authorithies have been doing everything but the kitchen sink to keep it alive. But it will not last forever: you have repeatedly pointed out that there are cracks in the political support of the markets. Investors have not yet taken notice, probably due to today's greater share of insensitive buyers (corporate buybacks and indexed funds).
Fascinating concepts here and true to an extent. I guess I wonder as a US small biz owner myself, do my colleagues and I perceive the same issue? If you asked 9 of 10 small business owners in the US what were their biggest barriers are I’m 100% positive #1 would be a lack of qualified labor and the fact that the cost of that labor is increasing faster than their ability to raise prices. I’m less sure on these but 2nd would be something on regulations the costs of which are borne more heavily by small biz. 3rd would be something like health care costs. And 4th might be increasing difficulty in finding financing. That order might not be exactly right but it’s roughly something like that. Very few would cite the cost of the cloud, software, digital advertising, etc. as the main issue. Sure some specific sectors like ecomm might but outside of health care I don’t think any of the issues you identified would crack the top 10. Maybe that’s ignorance on my or their part. The storm cloud I see coming is that financing piece. Rates aren’t going to fall as quickly as people think and smaller businesses will increasingly run out of sources of capital. It’s might not be a #1 issue now but it will be soon is my guess. And my guess is the Fed and Treasury are just trying to push the reckoning out past November.
Some of these industries, such as hospitals that charge different prices to different customer for the same service, are in gross violation of basic consumer laws. If other industries behaved the same way, they'd be sued out of business. Some of this only requires changing the people working in the regulatory agencies.
Trump isn't the guy to solve the bigger issues given how much he focused on the DJIA in his first term, but it's also historically the case that these type of regulations come well after the market bust. Once the losses are already incurred, the market will go up even with anti-corporate laws. In the near term, it would likely require "MAGA" representatives in the House foisting this type of legislation onto Trump, sort of like how Paul Ryan pushed pro-corporate tax cuts onto to Trump in his first term.
No corporate can escape the troubles of its customers indefinitely. This bull market has been very long indeed and has defied logic, also because fiscal and monetary authorithies have been doing everything but the kitchen sink to keep it alive. But it will not last forever: you have repeatedly pointed out that there are cracks in the political support of the markets. Investors have not yet taken notice, probably due to today's greater share of insensitive buyers (corporate buybacks and indexed funds).
Spot on. Thanks for your thoughts.
Fascinating concepts here and true to an extent. I guess I wonder as a US small biz owner myself, do my colleagues and I perceive the same issue? If you asked 9 of 10 small business owners in the US what were their biggest barriers are I’m 100% positive #1 would be a lack of qualified labor and the fact that the cost of that labor is increasing faster than their ability to raise prices. I’m less sure on these but 2nd would be something on regulations the costs of which are borne more heavily by small biz. 3rd would be something like health care costs. And 4th might be increasing difficulty in finding financing. That order might not be exactly right but it’s roughly something like that. Very few would cite the cost of the cloud, software, digital advertising, etc. as the main issue. Sure some specific sectors like ecomm might but outside of health care I don’t think any of the issues you identified would crack the top 10. Maybe that’s ignorance on my or their part. The storm cloud I see coming is that financing piece. Rates aren’t going to fall as quickly as people think and smaller businesses will increasingly run out of sources of capital. It’s might not be a #1 issue now but it will be soon is my guess. And my guess is the Fed and Treasury are just trying to push the reckoning out past November.