Which is the flip side of the coin. It's a problem that has to be solved, but we've got people that would rather score political points than solve the problem.
Thank god I don't have to deal with them on that side either. My customers do and I have heard it's almost always a nightmare.
I know the December and January jobs numbers looked good and it’s easy to be the boy who cried wolf - but holy cow did things screech to a halt globally in 4Q. We serve a lot of global markets and everything is off. Lower oil or real progress with China is going to have to grab the EM by the horns and pull them back up or it’ll have to show up here. Trump will do everything he can to push it off into 2021 And it seems Powell is going to play ball. It was incredible how while monetary easing was having largely diminishing returns however as soon as a few key banks turned that spigot off, things sieved up in a hurry.
Card and a few others can speak more clearly to this than I can - but many, many businesses (and the larger, the more likely they do it) purposefully slow pay stuff, because the longer it simply sits in their account (and not yours), the more they can make in interest. When you’re dealing in millions of dollars at a time, even an extra day of interest can add up. This is largely behind any policy that basically says we take / demand what you owe us immediaately, but we’ll take forever to pay you. They’ll make more money off that transaction than you will, even if it’s dollar for dollar. Again, I’m no expert on this, but that’s my understanding.
the parable about burying talents and the master being angry for the servant not even earning interest on it at least comes to mind. intentionally delayed payment for interest sounds like legal theft.
Seems to correspond to conversation - https://www.kevinmd.com/blog/2019/0...af19&utm_medium=social&utm_source=twitter.com
You can see Trump’s big screen simulcast (for the thousands who couldn’t get into his rally tonight, but who still showed up) behind Beto’s rally! Hahaha...my sides...
While it was more than 65 in the March, point taken. I really don’t like the idea of anti-wall marches or demonstrations. It too naturally sets up the argument of oh, then you must be for open borders. Maybe some are. But most aren’t. However a huge number that are not open borders still don’t want to fund Trump in the way he wants to be funded. Just make it a Trump is an asshole who demonizes others to advance himself rally.
Head to head in El Paso you think Trump wins....in a, you know, actual race. Not a please celebrate and adore me public spectacle.