Economic News

[nycfan]

Another time where killing the messenger doesn’t change the message. OTOH, this should firm up rate cut plans for September.

 

[1moretimeagain]

To go to a negative number for June is a real accomplishment for Trump.

First negative number since December 2020, the last full month of Trump’s first term.

 

[nycfan]

Next year is becoming the new two weeks

 

[nycfan]

 

[superrific]

To go to a negative number for June is a real accomplishment for Trump.

Last time it went negative, guess who was president?

 

[heelinhell]

Another time where killing the messenger doesn’t change the message. OTOH, this should firm up rate cut plans for September.

no doubt and will support more rate cuts between now through the end of year with upward revisions down the road showing millions of jobs being created.

 

[dukeman92]

U.S. Hiring Slowed in July, With 73,000 New Jobs​

July’s report comes as policymakers are grappling with competing narratives of the economy​

—> https://www.wsj.com/economy/jobs/jo...e?st=6ieVAv&reflink=desktopwebshare_permalink

 

[nycfan]

 

[nycfan]

 

[nycfan]

Lesson Learned: If at first you don’t succeed, kill the replacement messenger …

 

[Patb78]

Last time it went negative, guess who was president?

Daffy Duck?

 

[Centerpiece]

The schadenfreude in me can't wait for this thread to merge with FAFO. I know it will be painful for all, including me and my pocketbook, but I want the monied folk who only voted for trump for lower taxes and the MAGA who only wanted "cheap prices" to feel the pain in their bank accounts too. Am I really wishing for a recession or inflation or high prices and no jobs...? but here we are...

 

[heelinhell]

for those who are wondering whether Trump's nominee for the Fed will support the Fed's independence ( hint: not a chance in hell )

Elizabeth Warren confronts nominee: 'Can you say the words Trump lost that election?'

Sen. Elizabeth Warren (D-MA) questioned the independence of Dr. Stephen Miran, President Donald Trump's nominee to be a member of the Federal Reserve's Board of Governors.At a Senate Banking Committee hearing on Thursday, Warren presented Miran with what she said was an "easy question to show...

www.rawstory.com

 

[ChileG]

LOLOLOL. Hey MAGA, wanna admit you were fucking wrong about everything? Or do you have to watch unemployment go to 10%? Or 30%?

A terrific economy -- the miraculous Goldilocks economy that made a soft landing -- has been pulled into this stagflationary muck by one person.

Like I said before, it’s good they got in their, “durrr…I thought Trump’s policies were supposed to hurt the economy, durr…” while they could and before the inevitable exodus from this forum.

 

[ChileG]

I will give Callatoroy credit for being right about one thing. He said rates would go down if Trump’s economy is as bad as we feared it would be.
I am 99.9% sure he was being sarcastic when he said it, but he was correct.

 

[superrific]

for those who are wondering whether Trump's nominee for the Fed will support the Fed's independence ( hint: not a chance in hell )

Elizabeth Warren confronts nominee: 'Can you say the words Trump lost that election?'

Sen. Elizabeth Warren (D-MA) questioned the independence of Dr. Stephen Miran, President Donald Trump's nominee to be a member of the Federal Reserve's Board of Governors.At a Senate Banking Committee hearing on Thursday, Warren presented Miran with what she said was an "easy question to show...

www.rawstory.com

This dude threw his career into a dumpster fire. He's a laughingstock. I guess he sees Stephen Moore and thinks, I want to be that guy.

 

[Wheels81]

THOSE ARE FAKE JOB NUMBERS!! Thank you for your attention to this matter!

 

[UNCMSinLS]

workers are feeling more pessimistic about the job market, and more people are expecting their income to decline, according to a survey by the Conference Board.“

What did you expect when you voted for Trump? A booming economy with higher wages?

 

[UNCMSinLS]

After the 2nd revision, June jobs number is -13,000.

78,000 manufacturing jobs have been lost this year. Poof!

Have skippity-doo-dah day, America!

 

[UNCMSinLS]

THOSE ARE FAKE JOB NUMBERS!! Thank you for your attention to this matter!

And those numbers are with Trumpsters in charge of the counting ... uh ... manipulating. How much worse might the real numbers be?