Economic News

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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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I was thinking about this more last night. What we saw yesterday was a surge in **retail sales.** We have also seen less impact on inflation than we thought, but inflation is also about retail sales.

So we know that businesses are basically putting off expansion plans amidst the uncertainty. Which should cause a collapse in demand in business investment. So production that was geared to the B2B market gets directed to retail, which spikes retail sales and keeps inflation down at that level because there's a glut.

If this is the story, then GDP will come in at less than what the retail numbers might suggest, and it would also cause GDP to shrink in the medium term as well (or shrink relative to the 2010-2024 long term growth trend).
 
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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My regular Youtube follow, City Nerd, just ranked Raleigh No. 1 in this week's list:

 
nycfan said:
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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.…”
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I'm sure the Wolfies love Raleigh being called second tier.
 
UNCatTech said:
Why does every news outlet believe they are worth $8 a month? It's the South Carolina morning post, just like the local paper near me. I don't feel i get my monies worth at that price point.
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Nobody can stay in business giving away their product for free. The administrative costs and credit card fees for charging $1-2 per month likely aren’t worth the effort.
 
farce© said:
Nobody can stay in business giving away their product for free. The administrative costs and credit card fees for charging $1-2 per month likely aren’t worth the effort.
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True, but that's not the only model.

If I can pay $8 for local paper or $10 for a national paper, I'm going with the national paper and getting more bang for my buck.

We were paying $8 for a local paper and I probably read 1 article a month on average and it was usually information I could find somewhere else for free.

I do understand that they have to stay in business and I really want a local option for news that isn't getting covered in the NYTimes, but I only have so much money for news and entertainment.
 
UNCatTech said:
True, but that's not the only model.

If I can pay $8 for local paper or $10 for a national paper, I'm going with the national paper and getting more bang for my buck.

We were paying $8 for a local paper and I probably read 1 article a month on average and it was usually information I could find somewhere else for free.

I do understand that they have to stay in business and I really want a local option for news that isn't getting covered in the NYTimes, but I only have so much money for news and entertainment.
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I remember back in the day when I would pick up the Durham paper each morning to read with my coffee . I had a yearly subscription for 7 days a week for $ 75

good times...
 
nycfan said:
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Well, St. Donald of Mar-a-Lago is probably correct that he knows more about "the Market" than I do. But in regard to sexually assaulting women, regardless of whether they are over or under the age of consent and "accidently" barging in on teenage girls changing their clothes, I think I know more about whether such behavior is right or wrong than St. Donald does.
 
UNCatTech said:
True, but that's not the only model.

If I can pay $8 for local paper or $10 for a national paper, I'm going with the national paper and getting more bang for my buck.

We were paying $8 for a local paper and I probably read 1 article a month on average and it was usually information I could find somewhere else for free.

I do understand that they have to stay in business and I really want a local option for news that isn't getting covered in the NYTimes, but I only have so much money for news and entertainment.
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I’m the opposite. I have multiple options to get national news but the options for local news (especially in small towns) are much more limited.
 
mpaer said:
Another win for MAGA
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If people are looking for a single data point to follow that could dramatically impact the next few elections, this is not a bad one. I've said it here before but those of us who are older and have owned houses for a long time just don't understand how angry and anxious young people are about the housing market.
 
lawtig02 said:
If people are looking for a single data point to follow that could dramatically impact the next few elections, this is not a bad one. I've said it here before but those of us who are older and have owned houses for a long time just don't understand how angry and anxious young people are about the housing market.
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And sadly-I can't imagine any political party being able to do anything meaningful in this area for growing areas -like the Triangle or Charlotte
 
Going to war with the Fed is the dumbest fucking shit this idiot clown could do. "Let's review the bedrock foundation that has contributed to the growth and stability of the USA economy since post WWII" - it is so fucking stupid and will have reverberations that extend even beyond the tariffs and destruction of the global trade order.
 
mpaer said:
And sadly-I can't imagine any political party being able to do anything meaningful in this area for growing areas -like the Triangle or Charlotte
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Oh yeah. I agree. This is not really a partisan issue. I don't think it's realistically solvable politically unless we did something that would never be accepted because it would command that part of the economy too much. But it's HIGHLY correlated with anger and dissatisfaction among young people from what I have seen, which means whoever is in power for the foreseeable future is likely to pay the price in the next cycle.
 
lawtig02 said:
Oh yeah. I agree. This is not really a partisan issue. I don't think it's realistically solvable politically unless we did something that would never be accepted because it would command that part of the economy too much. But it's HIGHLY correlated with anger and dissatisfaction among young people from what I have seen, which means whoever is in power for the foreseeable future is likely to pay the price in the next cycle.
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Totally agree
 
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