How’s business?

Chew Toy McCoy

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Original poster
May 13, 2016
202
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I don’t need the news to tell me the economy is slowing because I am experiencing it. In the 11 years I’ve worked at my company I’ve never seen such a slowdown. I live in Silicon Valley, don’t work in tech, but a lot of our customers work for tech in a support capacity. I don’t entirely blame Trump, despite the slowdown starting pretty much the day he took office, because I think the Silicon Valley tech bubble is long overdue for a burst. At some point VC firms had to get tired of flushing billions of dollars down the toilet.
 

ibookg409

Suspended
Apr 20, 2016
612
7,356
Portsmouth, NH
I business is skewering liberals, and business is good.

Seriously, I work in the defense industry and it has been pretty solid for the 15 years I've been in it. Some programs have been shut down but usually replaced by other programs. Whats killing me is that even though I make more now than I did in 2012 I make far less primarily due to the ACA.
 

Chew Toy McCoy

macrumors regular
Original poster
May 13, 2016
202
2,798
I business is skewering liberals, and business is good.

Seriously, I work in the defense industry and it has been pretty solid for the 15 years I've been in it. Some programs have been shut down but usually replaced by other programs. Whats killing me is that even though I make more now than I did in 2012 I make far less primarily due to the ACA.

There are 3 certainties in the US: Death, taxes, and the defense industry will always have money, especially since 9/11. Of course your industry is doing fine.
 

BeeGood

macrumors 68000
Sep 15, 2013
1,793
4,826
Lot 23E. Somewhere in Georgia.
The economy is cyclical. Every 7-10 years on average, we have a recession. We're probably due one during this administration.

I work in banking. It's been pretty much the same since the Great Recession. Low interest rates = smaller spreads so it's harder for one bank to differentiate itself from the rest, especially with the regulatory hurdles imposed by Dodd-Frank.

For me personally things have been pretty good. Steady pay raises, one promotion and constant work over my last 5.5 years here.
 
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Mac'nCheese

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Feb 9, 2010
3,732
4,967
I don’t need the news to tell me the economy is slowing because I am experiencing it. In the 11 years I’ve worked at my company I’ve never seen such a slowdown. I live in Silicon Valley, don’t work in tech, but a lot of our customers work for tech in a support capacity. I don’t entirely blame Trump, despite the slowdown starting pretty much the day he took office, because I think the Silicon Valley tech bubble is long overdue for a burst. At some point VC firms had to get tired of flushing billions of dollars down the toilet.
You didn't mention what your business is. I work for a media company, tv, internet, etc. and business is fine for now. With cable cutting and kids not watching traditional tv, that might change over the next decade or so.
 

ibookg409

Suspended
Apr 20, 2016
612
7,356
Portsmouth, NH
I'm going to start a business that makes ***** hats that have absorbent shammy flaps to absorb the tears of millenials when people are mean or something is what they consider unfair. Each hat comes with a coupon for one free puppy play date for when Trump gets re-elected and each hat is stitched with the phone number of a local anti-depressant issuing psychologist. I should make millions.
 
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edk99

macrumors 6502a
May 27, 2009
701
709
FL
I don’t need the news to tell me the economy is slowing because I am experiencing it. In the 11 years I’ve worked at my company I’ve never seen such a slowdown. I live in Silicon Valley, don’t work in tech, but a lot of our customers work for tech in a support capacity. I don’t entirely blame Trump, despite the slowdown starting pretty much the day he took office, because I think the Silicon Valley tech bubble is long overdue for a burst. At some point VC firms had to get tired of flushing billions of dollars down the toilet.
Not sure what industry you are in or how you are measuring this so called economic slowdown your talking about but I see that the opposite is happening. The stock market is at an all time high and the housing market is heating up. When housing is up the economy is up.

http://www.cnbc.com/2017/04/24/spring-housing-strongest-sellers-market-ever.html
Spring housing: 'Strongest seller's market ever'
Spring homebuyers are pounding the pavement at a furious pace, but the pickings are getting ever slimmer.

Even as more homes come on the market for this traditionally popular sales season, they're flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in the driver's seat.

"I've been selling real estate for 25 years and this is the strongest seller's market I have ever seen in my entire real estate career," said David Fogg, a real estate agent with Keller Williams in Burbank, California. "A lot of our sellers are optimistically pricing their homes in today's market, and I have to say in most cases we're getting the home sold anyway."
 

Chew Toy McCoy

macrumors regular
Original poster
May 13, 2016
202
2,798
You didn't mention what your business is. I work for a media company, tv, internet, etc. and business is fine for now. With cable cutting and kids not watching traditional tv, that might change over the next decade or so.

My company leases equipment to move goods. Locally a good percentage of our customers help company building moves or buying and selling old office equipment. The 2008 recession was barely noticeable here.
[doublepost=1493139040][/doublepost]
Not sure what industry you are in or how you are measuring this so called economic slowdown your talking about but I see that the opposite is happening. The stock market is at an all time high and the housing market is heating up. When housing is up the economy is up.

http://www.cnbc.com/2017/04/24/spring-housing-strongest-sellers-market-ever.html


Both the speculation based stock market and housing market are ticking time bombs. I’m asking for people’s personal experience.
 

Herdfan

macrumors 6502
Apr 11, 2011
267
3,840
My business has been rocking since the election. We were slow over the summer and fall. But once the election was over the flood gates opened. Now I think it was the uncertainty slowing it down and once we had a President those who supported him opened their wallets. I'm not saying Trump is the reason because I think if Hillary had won, her supporters would have opened their wallets.
 

Chew Toy McCoy

macrumors regular
Original poster
May 13, 2016
202
2,798
Good to hear I am the only one on the forum so far seeing business decline. Meh, not my company and it isn't coming out of my paycheck...yet.
 

jkcerda

macrumors 6502a
Jun 10, 2013
682
38,936
Criminal Mexi Midget
the first 3 months were rough, shop was only working 3 days so that we would not have to lay off anyone, right now shop is working 10 hr days & 6 days a week so we passed the storm.
 

JMacHack

macrumors 6502
Mar 16, 2017
345
433
Business is declining where I live, but I'm in Podunk Illinois, so that was bound to happen.
Caterpillar is abandoning Peoria like Harvester abandoned Canton, and Canton has been down sliding since then, and now that Cat is leaving (it's the largest employer in the area by far, with over 10x as many employees as the runner-up) the entire 309 area is pretty much guaranteed economic death.

But I blame that on factors concerning Illinois more than the country as a whole. IL has been **** for business because of all of the extra red tape, taxes, and other miscellaneous ******** that's been added for decades now. We're the most taxed state in the union, and still can't balance a budget, our neighbors are more business-friendly, have lower taxes, and no major budget issues. (and they're, quite frankly, better places to live as well).
 
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BoxerGT2.5

macrumors 68000
Jun 4, 2008
1,929
11,068
Business is declining where I live, but I'm in Podunk Illinois, so that was bound to happen.
Caterpillar is abandoning Peoria like Harvester abandoned Canton, and Canton has been down sliding since then, and now that Cat is leaving (it's the largest employer in the area by far, with over 10x as many employees as the runner-up) the entire 309 area is pretty much guaranteed economic death.

But I blame that on factors concerning Illinois more than the country as a whole. IL has been **** for business because of all of the extra red tape, taxes, and other miscellaneous ******** that's been added for decades now. We're the most taxed state in the union, and still can't balance a budget, our neighbors are more business-friendly, have lower taxes, and no major budget issues. (and they're, quite frankly, better places to live as well).
I'm in IL....here here.
 

Zombie Acorn

macrumors 65816
Feb 2, 2009
1,301
9,062
Toronto, Ontario
We've been juicing the economy with debt, printing dollars, and quantitative easing for the last decade, the question should be did the underlying economy ever actually recover or did we just pave over the top of it by doubling our debt and feeding rich people money?
 
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Chew Toy McCoy

macrumors regular
Original poster
May 13, 2016
202
2,798
We've been juicing the economy with debt, printing dollars, and quantitative easing for the last decade, the question should be did the underlying economy ever actually recover or did we just pave over the top of it by doubling our debt and feeding rich people money?
While giving the people who caused the recession a wag of the finger and a wink followed by a pat on the back and a comfort bonus.
 

A.Goldberg

macrumors 68020
Jan 31, 2015
2,325
7,637
Boston
I work in healthcare, business will aways be there. There was/is some uncertainty about how Trump will affect insurance, particularly Medicaid, but frankly I haven't been too worried. I work for a psychiatric hospital in particular that's heavily dependent on private pay (no direct insurance reimbursement) programs as it is. In such cases you earn a lot more money than Medicaid or private insurance reimbursement.
 

yaxomoxay

macrumors 68040
Mar 3, 2010
3,585
24,460
Texas
I am in the public sector so business is good by definition :)
All joking aside, North Texas is booming. It's probably more because of Texas than what happens in Washington.