Economic News

[1moretimeagain]

Stinking it up in a Golden Age

 

[CFordUNC]

Time to fire up the ol’ BUTTER EMAILS machine!!!!!

 

[CFordUNC]

Oops!!!!

 

[ChileG]

MAGAs - If you haven’t gotten in your, “I thought tariffs were going to hurt the economy, durrrrr…” comments yet, better do it now before it’s too late.

 

[nycfan]

 

[ChileG]

Oops!!!!

So, Biden’s administration is still cooking the numbers on employment? Because I distinctly remember whenever the jobs report would get revised during the last administration it was evidence of a grand conspiracy.

 

[nycfan]

 

[nycfan]

So, Biden’s administration is still cooking the numbers on employment? Because I distinctly remember whenever the jobs report would get revised during the last administration it was evidence of a grand conspiracy.

FLASHBACK

 

[nycfan]

 

[heelinhell]

C'mon guys...

all snark and we told you so aside, everyone on earth 1 knew Trump was going to drive the economy into the ditch just like every GQPer administration has done over the last 50 years.

As much as we have the impulse to take a dig at those who voted for this piece of shit president, Trump is going to hurt those working and middle class families, and I for one, do not take delight in what is to come for those poor souls.

 

[CFordUNC]

Yeah, but we can at least enjoy rubbing our board MAGAt’s nose in this steaming pile of shit.

 

[nycfan]

“…“It’s fallen so much because this immigration surge has ended,” Kolko said. In other words, a job creation number that might have looked lackluster a year and a half ago might actually be strong today.

Recently, the number of jobs created each month has been slowing, but the unemployment rate has risen only slightly.

“People are going to have to get used to employment gains that are meh that will not tell us on their own that the job market is weak,” said Berger. “That is a weird thing for people to get used to.”…”

 

[nycfan]

The revisions also suggest that a September rate cut might be warranted … depending on August inflation data, I assume. I wonder if the original jobs numbers had been more in line with the downward adjustments if we might have gotten a July rate cut? Probably not since Fed likely has a line of sight into the churn in this data …

 

[genevabuck]

Perhaps some of the posters here with economics backgrounds could explain this to me. If the Trump economy really is booming, wouldn’t there be no need for a rates change?

 

[nycfan]

 

[ChileG]

Perhaps some of the posters here with economics backgrounds could explain this to me. If the Trump economy really is booming, wouldn’t there be no need for a rates change?

You don’t understand that the paradigm has shifted!!!!11111

 

[nycfan]

 

[Duke Mu]

Massive selloff in the stock market this morning as expected. Trump taco's the taco.

Stagflation, here we come. 1% growth for the year. Just like the supply chain and oil prices problem during the first half of Biden's term, the costs are passed on.

Tariff/tax --> Importer --> Wholesaler --> Retailer --> Consumer

Importers, wholesalers, retailers have to maintain their profit line. Bezos certainly does. They aren't going to absorb the tax because they are "nice guys and gals." Tariffs will be passed on. Foreign countries DO NOT PAY THE TARIFF.

 

[Duke Mu]

What the Orange Fool doesn't understand is that the $$ is recycled American $$ from the tariffs/taxes paid by American businesses and consumers.

 

[CFordUNC]