Economic News

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1moretimeagain said:
Trump says he8s not firing Powell

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My guess is someone has told him (probably daily) that if he fires Powell the Stock Market really will tank and our economy will decline into something that even Trump would find hard to spin to his base. That's not to say that he still might not fire him on a wild whim or temper tantrum at some point.
 
Mulberry Heel said:
My guess is someone has told him (probably daily) that if he fires Powell the Stock Market really will tank and our economy will decline into something that even Trump would find hard to spin to his base. That's not to say that he still might not fire him on a wild whim or temper tantrum at some point.
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He usually floats these balloons and then does what he taunts.
 
nycfan said:


“… The Producer Price Index, which measures the average change in prices paid to producers, was unchanged from May, and the annual rate of wholesale-level inflation slowed 2.3%, helped lower in part because of base effects (where the year-ago period experienced higher inflation).

Economists had expected that prices would rise 0.2% on a monthly basis and 2.5% annually, according to FactSet.

… Although gas prices went up in June, falling services prices — particularly at hotels, airlines and car dealerships — drove the overall index lower. Travel and leisure prices have been lower than they typically are, a potential indication that consumer demand dropped off amid a period of high economic uncertainty.

PPI serves as a potential bellwether for price changes consumers may see in the months ahead.…”
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Duh
 
Nope! The Trump economy sucks. It's an abject disaster. Nobody can afford anything anymore. Inflation is killing us. We are headed for Great Depression 2.0!

(That's how it works, right?)
 
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🎁 —> https://www.wsj.com/lifestyle/caree...7?st=6VRkCT&reflink=desktopwebshare_permalink

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“… All of those factors are bright spots in an otherwise difficult job market for 20-somethings. Though the national unemployment rate hovers around 4%, it was 7.3% in June for recent college graduates. Many of them are running into a bottleneck in entry-level openings as employers slow hiring and fewer older workers switch jobs. It doesn’t help that more companies are relying on artificial intelligence to do some of the grunt work new graduates often do.

“There’s a lot more great people than there are great jobs,” says Susan De La Vega, a senior vice president at global consulting firm Korn Ferry.…”
 
superrific said:
I don't know. It's really hard to make sense of the numbers right now. I think there are a lot of inventory effects clouding things. Too much contradiction. Maybe I just need a better model but there are too many different reports that seem to be not making sense.
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I'm not nearly as economically literate as a bunch of people here but I feel exactly the same way. It feels like there's just a massive disconnect right now between the markets, the real time data, and the projections of future growth by the experts. I'm not complaining, as it's great for investment accounts, but I just don't see a credible explanation for this being sustainable.
 
nycfan said:
IMG_7980.jpeg

🎁 —> https://www.wsj.com/lifestyle/caree...7?st=6VRkCT&reflink=desktopwebshare_permalink

IMG_7979.jpeg

“… All of those factors are bright spots in an otherwise difficult job market for 20-somethings. Though the national unemployment rate hovers around 4%, it was 7.3% in June for recent college graduates. Many of them are running into a bottleneck in entry-level openings as employers slow hiring and fewer older workers switch jobs. It doesn’t help that more companies are relying on artificial intelligence to do some of the grunt work new graduates often do.

“There’s a lot more great people than there are great jobs,” says Susan De La Vega, a senior vice president at global consulting firm Korn Ferry.…”
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I say this as someone who loves living in Charlotte, but Raleigh may be the most exciting business market in the country right now. Extraordinary potential for future growth. Which should be a really good thing for the whole state.
 
lawtig02 said:
I'm not nearly as economically literate as a bunch of people here but I feel exactly the same way. It feels like there's just a massive disconnect right now between the markets, the real time data, and the projections of future growth by the experts. I'm not complaining, as it's great for investment accounts, but I just don't see a credible explanation for this being sustainable.
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Jack Welch is screaming from the grave, "They're cooking the books ! "
 
lawtig02 said:
I say this as someone who loves living in Charlotte, but Raleigh may be the most exciting business market in the country right now. Extraordinary potential for future growth. Which should be a really good thing for the whole state.
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I hope these youngins are Dems-and vote.
 
lawtig02 said:
I say this as someone who loves living in Charlotte, but Raleigh may be the most exciting business market in the country right now. Extraordinary potential for future growth. Which should be a really good thing for the whole state.
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I dont know...maybe I cant see it from the inside but it sure doesn't feel that way on the ground. What it feels like from the inside is a lot of current residents who are increasingly unhappy with the traffic and changes while the newbies seem to universally feel it isn't "enough".

This much is plain...there isn't enough of any type of infrastructure here in the Triangle.
 
wmheel1287 said:
I dont know...maybe I cant see it from the inside but it sure doesn't feel that way on the ground. What it feels like from the inside is a lot of current residents who are increasingly unhappy with the traffic and changes while the newbies seem to universally feel it isn't "enough".

This much is plain...there isn't enough of any type of infrastructure here in the Triangle.
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No doubt. But there wasn't in Charlotte 20 years ago either. It's still not great, but we're figuring it out.

The big challenge, as is the case in every growing urban area, will be housing. If housing is not a major part of the Dem platform in 2028, I'll be absolutely livid. It's not just a problem for young people anymore. Our housing shortage, and our persistently high rates (which are entirely justified), are massive drags on wealth accumulation for 80% of Americans.
 
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