Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 3K
  • Views: 157K
  • Politics 
heelinhell said:
so core PCE inflation is about the same as a year ago when voters were hurting and getting ready to vote for Trump in November because he was going to decrease prices for goods ?
Click to expand...
Never mind that analysis, any stat coming out of the government or an organization susceptible to Trump manipulation or lawfare can not be trusted. I have seen several local small businesses biting the bullet and holding the line on price increases. They are making less money - paying more for inventory and selling less of it. Fake happy talk and statistics aren't going to get us out of what we're in now. It's going to get far, far worse as markets dry up and citizens struggle to afford the most basic necessities of life. This administration knows only one economic fact: grift, graft, and theft can lead to spectacular personal profits.

Buckle up, boys and girls. It's going to be a bumpy ride.
 
I see a new jobs report will be released this Friday with an expectation of 59,000 jobs expected. My expectation is that we will be surprised at how high the reported number is. Note: with the new Trump world that we live in, there is a difference between reported vs. actual.
 
ahhh the naivety. how long has it been since we could really trust who is in charge? never

dump just mr tv and not afraid of putting all his bs out there 24/7
 
BlueSmoke said:
I see a new jobs report will be released this Friday with an expectation of 59,000 jobs expected. My expectation is that we will be surprised at how high the reported number is. Note: with the new Trump world that we live in, there is a difference between reported vs. actual.
Click to expand...
Labor Dept. won't release key jobs report, other data, in case of a shutdown

 
BillOfRights said:
Consumer sentiment is back to near-record lows. But Americans are still spending. Here’s why | CNN Business https://share.google/8CwDUN87SnQfk20h8
Click to expand...
This is so frustrating because it feels like we are on the edge of collapse, but these little things are propping it up. The longer it takes to crash, the worse it is. Especially if they prop it up until the next presidential election. Then if a Dem is elected and the crash finally comes, the ignorant will blame the wrong policies and administration.
 
OGtruthhurts said:
ahhh the naivety. how long has it been since we could really trust who is in charge? never

dump just mr tv and not afraid of putting all his bs out there 24/7
Click to expand...
Don’t you understand how important the numbers the federal government puts out are? There has never been a case, until now with this stupid motherfucker who is now president, where these numbers have been challenged because they don’t fit his agenda. Trump’s history is to attack numbers that don’t fit his narrative. Trump claims the economy is growing and millions of jobs are being created . When the report shows less than 100,000 created for a month he fires the person who gave him the number. Economists in government, business and universities rely on the numbers the federal government puts out. If the numbers are fudged to fit someone’s narrative, then we really are fucked.
 
Patb78 said:
Don’t you understand how important the numbers the federal government puts out are? There has never been a case, until now with this stupid motherfucker who is now president, where these numbers have been challenged because they don’t fit his agenda. Trump’s history is to attack numbers that don’t fit his narrative. Trump claims the economy is growing and millions of jobs are being created . When the report shows less than 100,000 created for a month he fires the person who gave him the number. Economists in government, business and universities rely on the numbers the federal government puts out. If the numbers are fudged to fit someone’s narrative, then we really are fucked.
Click to expand...
You shouldn’t expect a serious reply from that poster.
 
There might not be corresponding government economic reports for a while, depending on length of shutdown



“Privately run businesses eliminated jobs in September for the third time in four months, ADP said, in another sign of emerging weakness in the labor market that alarmed the Federal Reserve enough to cut interest rates two weeks ago.

The private sector culled 32,000 jobs last month, said ADP, the nation’s largest processor of payroll checks. Employment has fallen three times since June to mark the worst stretch for the labor market since the pandemic.
 
nycfan said:
There might not be corresponding government economic reports for a while, depending on length of shutdown



“Privately run businesses eliminated jobs in September for the third time in four months, ADP said, in another sign of emerging weakness in the labor market that alarmed the Federal Reserve enough to cut interest rates two weeks ago.

The private sector culled 32,000 jobs last month, said ADP, the nation’s largest processor of payroll checks. Employment has fallen three times since June to mark the worst stretch for the labor market since the pandemic.
Click to expand...

 
You must log in or register to reply here.
Back
Top