Economic News

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Burgawnc said:
Not on topic but somewhat related by insanity: trump repositions nuclear submarines nearer Russia. What does trump care? He is 78. His decisions are made out of spite. Why not push the button?
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The upcoming documentary
"Run Silent, Run Stupid: Nuclear Submarine Policy 2025-28"
 
lawtig02 said:
Is the firing of the BLS commissioner because the jobs report is not what Trump was looking for the most embarrassing moment in the history of our presidential politics, at least since 1980 or so?

I get that Trump already owns number 1 through 265 on that list, but I'm seriously struggling to find a moment worse than this.

Maybe when he gave preferential treatment to the child sex trafficker who facilitated his own minor-fucking, which also happened today?

I'm happy to be convinced otherwise, and I'll agree that January 6 is always the standard. But is it possible he's trying to push the insurrection down the list?
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It shows how much of a far-right, qAnon-type of conspiracy theorist he truly is. He has lost his fucking mind.
 
ZenMode said:
It shows how much of a far-right, qAnon-type of conspiracy theorist he truly is. He has lost his fucking mind.
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He's not a far-right qanon-type conspiracy theorist. Far-right qanon-type conspiracy theorists have guiding principles, even if they're whack. He just says whatever makes him look good at that particular point in time with no regard to its accuracy or truthfulness.
 
Centerpiece said:
Is it too late to take everything out and put cash under my mattress?
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How much can you make busking across Europe today?

Have you thought about writing a book about your busking years?

Bland Simpson, now retired from directing UNC’s Creative Writing Program, still writing and performing, likely would love to see such a book.

He lives <1/4 mile down the road.
 
superrific said:
Maybe I'm a bit pessimistic, but you know how we say, "the president doesn't affect the economy that much"? Yeah, that was back before Smoot Hawley level taxes, pissing off our trade partners to where we are getting boycotted, deporting hundreds of thousands of productive workers, downsizing the government by a few hundred thousand, reversing investment guarantees, killing off growth industries like solar and wind.
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The courts may rein in Trump's tariff power -- although likely not before June 2026. But Trump has a tendency to reverse course when things look bad, so I'll rely on TACO to keep the average GDP at 2.0% between 2025 and 2029.
 
Calheel said:
The courts may rein in Trump's tariff power -- although likely not before June 2026. But Trump has a tendency to reverse course when things look bad, so I'll rely on TACO to keep the average GDP at 2.0% between 2025 and 2029.
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In the best sense, “Reversing course” here would mean reverting back to the trade agreements in place before Trump took office.

We know Trump won’t do that.

At best, he’ll lower some tariffs, which will still negatively impact the economy and trade.
 
Had labor force participation remained constant since April, that 4.9% unemployment rate would’ve grabbed some headlines. Of note, the unemployment rate comes from a different survey than the +/- monthly jobs created/lost number.
 
I saw where part of the reason for job report revisions is additional information or reports that come from other government agencies. Just wondering if all the DOGE cuts and chaos could have had any affects?
 
BlueSmoke said:
I saw where part of the reason for job report revisions is additional information or reports that come from other government agencies. Just wondering if all the DOGE cuts and chaos could have had any affects?
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Small impact. Over the past 6 months, the federal workforce has declined by 84,000. For the month of July alone, the number was negative 12k.
 
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