Economic News

[nycfan]

 

[Wheels81]

 

[UNCatTech]

All is good in the world.

After years of being fucked by Equifax and the credit reporting agencies and American express, because in 1993 identity theft wasn't as well known and they all basically didn't care, I'm finally made whole from Equifax not doing their due diligence to protect everyone's credit information. Yes, the information that they gather without consent and make a fortune off of. I got that big check today, can't wait to spend it. I might be able to get lunch with the $7.50.

 

[UNCatTech]

I can't find the post now, but didn't @Ramrouser chastise @CFordUNC recently and one of the items listed was the cost of beef and eggs?

 

[UNCatTech]

The Costco near me, the cost of ground beef was consistently under $3.50, until this year when it went up to $4.99.

I'm very fortunate that this has not had to change my eating habits, but I know people that it has impacted.

 

[heelinhell]

Every. Accusation. Is. An. Admission.

C'mon man...

Are you suggesting that Trump replacing the East Wing of the White House with a ginormous 200 million dollar ballroom is the same as restoring "Powell's Palace" which was approved during Trump's first term is an admission ?

 

[heelslegup]

Barring a change in policies, Trump is well on his way to sending the world (and eventually the US) into an economic downturb in 2026

The world via tariffs abd US isolationism
The US via tariffs and the so-called big beautiful. " Both of these reward wealthy individuals and the largesst corporations, exacerbate wealth/income inequality, and negatively impact the middle and working classes (i.e those who drive the economy)

 

[CFordUNC]

I can't find the post now, but didn't @Ramrouser chastise @CFordUNC recently and one of the items listed was the cost of beef and eggs?

He did, but the best thing about @Ramrouser posts is that each successive one is more unintelligent and more easily debunked than the one before it.

 

[Healing]

He did, but the best thing about @Ramrouser posts is that each successive one is more unintelligent and more easily debunked than the one before it.

 

[UNCMSinLS]

... and it WILL get worse.

 

[nycfan]

 

[nycfan]

 

[ChileG]

Let’s keep in mind as the economy starts to sour that the economy was set to go gangbusters in 2025 if Trump had merely stayed out of the way and left everything as it was.

 

[CFordUNC]

 

[altmin]

wait till all the workers are hauled off. going to be some real price increases then.

 

[nycfan]

Number of people unemployed for at least 27 weeks tops 1.8 million: ‘I’m considering myself semiretired at this point’​

 

[nycfan]

Number of people unemployed for at least 27 weeks tops 1.8 million: ‘I’m considering myself semiretired at this point’​

“…Beyond the headline-grabbing top-line numbers in the jobs report for July was another striking piece of data: The number of people unemployed for at least 27 weeks topped 1.8 million, the highest level since 2017, not counting the pandemic’s unemployment surge. The median length of unemployment in the U.S. has also ticked up, from a seasonally adjusted 9.5 weeks in July 2024 to 10.2 weeks last month.

This job-hunting struggle highlights a significant undercurrent in a labor market jolted by tariff uncertainty and cautious businesses. The latest numbers show job growth has been sluggish for months. While the unemployment rate, at 4.2%, remains low by historical standards, companies aren’t hiring much.


…”

—> https://www.wsj.com/economy/jobs/un...3?st=sRfCWF&reflink=desktopwebshare_permalink

 

[heelinhell]

That's way too mathy. Keep it simple.
We can sum it up in just four words..."the numbers were rigged"

 

[nycfan]

 

[heelslegup]

The BLS and ADP numbers tend to lag esp in chaotic policy or economic times. Hence the revisions to adjust. Almost everyone, except Trump, had wondered why the BLS Labor numnbers were good in May and Jubbe, even though the economy seems to be slowing.