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Anyone who thinks the textile jobs that have been lost over the last 60 or so years are coming back doesn’t know anything about the textile industry.
Agreed, but good luck convincing rural and small-town NC MAGAs of that. I think many of them honestly believe that Dear Leader is going to bring back those jobs, and all evidence to the contrary be damned. It certainly fits the MAGA profile though, of people who prefer feelings over facts and beliefs over evidence and ignorance over education.
 


BESSENT: It's been a couple of months. We can't snap our fingers and have factories built

WELKER: The economy did add nearly 500,000 manufacturing jobs under President Biden

BESSENT: Most of the jobs created under the Biden administration went to illegal aliens
 


BESSENT: It's been a couple of months. We can't snap our fingers and have factories built

WELKER: The economy did add nearly 500,000 manufacturing jobs under President Biden

BESSENT: Most of the jobs created under the Biden administration went to illegal aliens



BESSENT: It's been a couple of months. We can't snap our fingers and have factories built

WELKER: The economy did add nearly 500,000 manufacturing jobs under President Biden

BESSENT: Most of the jobs created under the Biden administration went to illegal aliens

and once we get our BLS guy confirmed he will wipe out those 500,000 manufacturing jobs created under Biden with a downward revision

inch by inch, step by step
 
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“… Despite a less-than-stellar year for box office sales, “The Conjuring: Last Rites” joins one of several horror films making headlines for unexpected success. In April, “Sinners,” the new original film from “Black Panther” and “Creed” director Ryan Coogler, opened with $48 million after receiving high praise from audiences and critics. “Final Destination: Bloodlines,” the sixth installment in its own long-running series, opened with $51.6 million in May. Finally, in August, Zach Cregger’s “Weapons” grossed $43.5 million during its opening weekend. With an $83 million opening weekend, “The Conjuring: Last Rites” clearly outperformed the other major horror hits for initial ticket sales. It remains to be seen if it can keep up this demand and keep outpacing the other horror hits overall.

“Sinners” proved to be a major hit in the U.S., grossing a total of $278.5 million at the domestic box office before leaving theaters, but was less of a hit internationally, grossing just over $88 million internationally for a combined $366.6 million. “Final Destination: Bloodlines” took home $138.1 million at the domestic box office, but grossed more than $307.4 million worldwide. “Weapons,” which is still playing in some theaters, has grossed a total of $139.1 million domestically before factoring in all of this weekend’s sales, according to Box Office Mojo data.…

… The second biggest movie at the box office over the weekend wasn’t a holdover blockbuster or a new release—it was “Hamilton,” the filmed version of Lin-Manuel Miranda’s blockbuster musical originally released for streaming on Disney+ in 2020 during the COVID-19 pandemic.…” [Jaws was #2 last weekend! 😬 ]


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I am lifetime horror movie buff but not sure this is great news for the movie theater industry … or maybe for our culture.
 
IMG_9510.jpeg


“… Despite a less-than-stellar year for box office sales, “The Conjuring: Last Rites” joins one of several horror films making headlines for unexpected success. In April, “Sinners,” the new original film from “Black Panther” and “Creed” director Ryan Coogler, opened with $48 million after receiving high praise from audiences and critics. “Final Destination: Bloodlines,” the sixth installment in its own long-running series, opened with $51.6 million in May. Finally, in August, Zach Cregger’s “Weapons” grossed $43.5 million during its opening weekend. With an $83 million opening weekend, “The Conjuring: Last Rites” clearly outperformed the other major horror hits for initial ticket sales. It remains to be seen if it can keep up this demand and keep outpacing the other horror hits overall.

“Sinners” proved to be a major hit in the U.S., grossing a total of $278.5 million at the domestic box office before leaving theaters, but was less of a hit internationally, grossing just over $88 million internationally for a combined $366.6 million. “Final Destination: Bloodlines” took home $138.1 million at the domestic box office, but grossed more than $307.4 million worldwide. “Weapons,” which is still playing in some theaters, has grossed a total of $139.1 million domestically before factoring in all of this weekend’s sales, according to Box Office Mojo data.…

… The second biggest movie at the box office over the weekend wasn’t a holdover blockbuster or a new release—it was “Hamilton,” the filmed version of Lin-Manuel Miranda’s blockbuster musical originally released for streaming on Disney+ in 2020 during the COVID-19 pandemic.…” [Jaws was #2 last weekend! 😬 ]


——

I am lifetime horror movie buff but not sure this is great news for the movie theater industry … or maybe for our culture.
I have a hard time grouping Sinners with other horror movies. That thing was a masterpiece.
 
Bessent knows that a quarter point ain't gonna loosen anything right now, and even in the best scenario monetary policy takes about 4-6 months. So maybe by February we will start to see something. By then the situation will be dire.
 
BESSENT: It's been a couple of months. We can't snap our fingers and have factories built

WELKER: The economy did add nearly 500,000 manufacturing jobs under President Biden

BESSENT: Most of the jobs created under the Biden administration went to illegal aliens
1) Really, your boss kept claiming that he could do it all on day one, that's basically snapping his fingers.
2) So wish people would have listened.
3) Bullshit. Bullshit. Bullshit.
 
I just do not understand the markets.

I'm really concerned with a correction or drop this year. I'm to old to survive a major adjustment or recession and I'm worried that a recession is looming.
 
I'd really like to see the survey data that backstops the claim that new jobs are predominately going to native born workers. My guess that manufacturing job gains in the past going to illegal workers (as opposed to foreign-born workers) is an assumption rather than backed by survey data.
 
I just do not understand the markets.

I'm really concerned with a correction or drop this year. I'm to old to survive a major adjustment or recession and I'm worried that a recession is looming.
The days leading to and immediately after the rate cut will juice the market. Additional rate cuts likely occur through next year, leading up to the midterms. Trump will absolutely tout the market highs as a singularly unique talent of his. The vibes in the disinformation ecosystem will continue to offer spasms of all time highs for the next year, IMO, as Trump is indeed unique in people believing his bullshit (and subsequent algo responses).

Unfortunately, at some point, the square has to be circled. Corporations can only hide extortion schemes in their earnings reports for so long. Fake BLS and consumer behavior data can only cover for unemployment, foreclosures, dusty cars on dealer lots, and failing tourism businesses for so long. Trump et al. will try to extort ADP for “the right” labor data, but that’s a corporation that has its market share because it sells accuracy. Additionally, foreign investments aren’t happening like Trump claims, and eventually that absence becomes real. Additionally, foreign investments are likely to retract bc the US is stochastic, fundamentally unsound, and outright dangerous.

I think we’ll see the Dow hit 50k in the next twelve months, and I think it’ll be about as reflective of real value as a Bored Ape nft.
 
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