Your Almost Daily Bit of Wall Street Wit & Wisdom

Trickle

Trickle by vvvracer h/t Flickr

“American workers are struggling in large part because they are underpaid—and they are underpaid because 40 years of trickle-down policies have rigged the economy in favor of wealthy people like me.  Americans are more highly educated than ever before, but despite that, and despite nearly record-low unemployment, most American workers—at all levels of educational attainment—have seen little if any wage growth since 2000.”
— Nick Hanauer

Your Daily Bit of Wall Street Wit & Wisdom

chaos

Chaos, h/t thenewstack.io

“Our soul is a vast panorama.  There is room for so much in us at the same time: Love and treachery, faith and faithlessness, adoration of one person and longing for another, or for several others.  We try to bring order into ourselves as best we can, but this order is, after all, something artificial.  Our natural state is chaos.”
— Arthur Schnitzler

This quote can be descriptive of economic data and markets.  Grasping their chaotic nature can help in wading through information overflow to get to the heart of the matter.

Enjoy the rest of your weekend!

Best regards,

Steve

Your Daily Bit of Wall Street Wit & Wisdom

US and China flags

h/t fee.org

“It is easier to induce national governments to discriminate against foreign producers than to defend the interests of domestic consumers.”
— George W. Stocking

As the market opens, it’s another trade tension Trump tariff Tuesday.

In the end, tariffs are a tax on US consumers.

Taco Tuesday tastes better.

Best regards,

Steve