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Economic News
- Thread starter nycfan
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“… Traders and analysts warn that vast stockpiles at ports and in state reserves, coupled with weak crush margins, limit Beijing's appetite for further purchases.
"State firms may be waiting for margins to recover before making large-scale purchases," said Johnny Xiang, founder of Beijing-based AgRadar Consulting. "Even with tariff waivers, margins remain negative and Brazilian beans are still cheaper."…”
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—> https://www.wsj.com/politics/policy...b?st=Gijtwe&reflink=desktopwebshare_permalinkNot really anything new in this short report, sharing it mostly to note that it is likely to get traction in the financial press over the coming days. There is no obvious reason not to release the data late, at minimum with the November reports.
Trump Admin officials have been making noise about negative economic data (and blaming the Fed and the shutdown and Biden) that suggests they do have some data that concerns them … now they’re saying we never get to see the data and the entire reporting system may be broken? That does not make sense.
1moretimeagain
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Not releasing the October report isn’t too big of a deal since each successive monthly report supersedes the prior month. November’s report will now cover a 2 month change in the labor market.
HandsonFire
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How does make sense at all. Pubs have total control…
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It makes perfect sense. Trump and GQPers have total control so why allow the BLS and CPI stats to be published if the numbers are bad... duh
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Exactly. That's also how I feel about the 50-year mortgage idea - it's the re-invented "subprime product" under the guise of affordability which will eventually lead to another 2008-style crash - but I digress.
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I have an extended family member that had a cool technology invention-in his garage several years back He partnered with a"startup expert" UNC professor They attracted big venture capital money eventually and it moved to Silicon Valley (he did not)...The point I am making here is that he was constantly amazed at how the Silicon valley crowd just blows through money.It is like the more you spend the more swag you have...they are all intertwined giving each other ridiculous contracts for projects-stuff they could do inhouse for a third the price. Made up management jobs called VP at hefty salaries...
He just could not be part of that
( He still has stock-but is disassociated from the company.)
And of course the whole goal is to get to a certain valuation and sell ...........not to actually build a viable long lasting firm. The valuation goal set by Redwood and whoever else put up the equity and is looking for a nice return
He just could not be part of that
( He still has stock-but is disassociated from the company.)
And of course the whole goal is to get to a certain valuation and sell ...........not to actually build a viable long lasting firm. The valuation goal set by Redwood and whoever else put up the equity and is looking for a nice return
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—> https://www.wsj.com/lifestyle/caree...6?st=EerBcF&reflink=desktopwebshare_permalink“Skills-based hiring was one of the biggest buzzwords of the postpandemic job boom. It dangled the promise of a major shift in white-collar recruiting: Companies would stop fixating on traditional credentials, like college degrees and years of experience, and bring in anyone able to perform the duties of open roles.
Today, this egalitarian idea is a fad that is going out of style.
In a fast-changing economy, businesses are automating some entry-level roles and excising middle layers of their org charts. The result is companies that once struggled to fill desk jobs now have their pick of available talent. And they’re picking according to familiar criteria.
Yes, these changes also have contributed to renewed interest in the trades. But even amid something of a renaissance, blue-collar workers are just 27% of the U.S. workforce, according to the Pew Research Center….”
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“Skills-based hiring was one of the biggest buzzwords of the postpandemic job boom. It dangled the promise of a major shift in white-collar recruiting: Companies would stop fixating on traditional credentials, like college degrees and years of experience, and bring in anyone able to perform the duties of open roles.
Today, this egalitarian idea is a fad that is going out of style.
In a fast-changing economy, businesses are automating some entry-level roles and excising middle layers of their org charts. The result is companies that once struggled to fill desk jobs now have their pick of available talent. And they’re picking according to familiar criteria.
Yes, these changes also have contributed to renewed interest in the trades. But even amid something of a renaissance, blue-collar workers are just 27% of the U.S. workforce, according to the Pew Research Center….”
In my nonsexy State govt world this trend had two opposite pushes First it was to increase Minority representation-then when Mccroy came in it was to get little unqualified sons and daughters of Pubs jobs without the traditional training
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data ? We don't need no stinkin' data !Trump Administration Live Updates: Shutdown Cost 60,000 Private Sector Jobs, Official Says
“… Kevin Hassett, said the longest shutdown in U.S. history had cost the country about 60,000 private sector jobs, but he did not immediately provide the underlying data. …”
Trump will give us the data once the data are the best data in the history of all mankind
