4th&long Posted October 5 Share Posted October 5 2 hours ago, K D said: No matter who wins in Nov, we will have a recession. The not so secret secret is that we are already in one but fake jobs reports, rate cuts, and depletion of gas and oil reserves is keeping us afloat...for now. Sold oil from the spr for $95 qb barrel and bought it for $77. That means they made money. But continue on with your gloom and doom. Those pesky facts. And the stock market closed at a record high again today. Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted October 5 Share Posted October 5 3 hours ago, K D said: No matter who wins in Nov, we will have a recession. The not so secret secret is that we are already in one but fake jobs reports, rate cuts, and depletion of gas and oil reserves is keeping us afloat...for now. Look, the debt will definitely catch up with us. So will global warning. How soon is my selfish question. Link to comment Share on other sites More sharing options...
The Frankish Reich Posted October 5 Share Posted October 5 Guess what? Prior two months revised HIGHER. I'm no economist, but I still expect a recession. Sometime. But not now. 2 1 Link to comment Share on other sites More sharing options...
TH3 Posted October 5 Share Posted October 5 17 hours ago, The Frankish Reich said: Flipped on CNBC to see the Bank of America CEO calling this a "Goldilocks" moment. Jobs growth not too high (causing inflationary pressure) or too low (fear of recession) and inflation negligible. The next guest doubled down, with CNBC running the banner "Mother of All Soft Landings." Disastrous! R's are gonna have to start talking about trans kids in bathrooms again. Before Covid we had a decade plus of growth…MAGA hates it but the economy is extremely resilient…and given the chance to dodge over leverage ….is usually fine 13 hours ago, LeviF said: “Amazing jobs report!” the jobs in the job reports: That’s why immigration is good…tard icymi the white trash MAGA voters don’t want to work those jobs 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted October 5 Share Posted October 5 (edited) Lol. It's also mostly government jobs. Edited October 5 by Tommy Callahan 1 Link to comment Share on other sites More sharing options...
Orlando Buffalo Posted October 5 Share Posted October 5 1 hour ago, The Frankish Reich said: Guess what? Prior two months revised HIGHER. I'm no economist, but I still expect a recession. Sometime. But not now. Two things with this, one I can't find this about the revisions, everything is about jobs report. Secondly, government jobs are accounting for the majority, if not the entirety, of those numbers. Link to comment Share on other sites More sharing options...
OrangeBills Posted October 5 Share Posted October 5 All gov't jobs, i.e. bullspit data spinning 750k this month, joke Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted October 5 Share Posted October 5 1 hour ago, OrangeBills said: All gov't jobs, i.e. bullspit data spinning 750k this month, joke look at you. cheering for a recession. meanwhile the folks who got wealthy trading securities are busy making bets, based largely on these numbers, on solid growth. hmmmmm.... Link to comment Share on other sites More sharing options...
sherpa Posted October 5 Share Posted October 5 7 minutes ago, Joe Ferguson forever said: look at you. cheering for a recession. meanwhile the folks who got wealthy trading securities are busy making bets, based largely on these numbers, on solid growth. hmmmmm.... I don't see him cheering for a recession, but I do follow the jobs data. This last report is very encouraging, and the specifics are not out, but.... Jobs gains to this point, at least in the last four months, have been gov related. Those contribute nothing to GDP. When you print 5 trillion, that capital is going to find a way to a performing asset with a return. Simple. 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted October 5 Share Posted October 5 (edited) 8 minutes ago, sherpa said: Jobs gains to this point, at least in the last four months, have been gov related. i might be simple were it true "Manufacturing jobs dropped by 7,000 and there was a 9,000 slump in transport and warehouse jobs, reports The Washington Post economic columnist Heather Long, who broke down the gains: Hospitality 78,000 (mainly restaurants/bars) Healthcare 45,000 Government 31,000 (mainly state & local) Social assistance 27,000 Construction 25,000 Biz service 17,000 Retail 16,000 Finance 5,000 Information 4,000." https://www.nj.com/politics/2024/10/trump-war-room-rages-over-latest-jobs-report.html Edited October 5 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
sherpa Posted October 5 Share Posted October 5 (edited) Typical. What I stated was job creation over the past four months, and specifically stated I had not looked at the latest. I don't follow these reports the day or week of, because the model is flawed and it takes time to get an accurate report. Again, the report is encouraging, but nothing political for either side in it. Could you point out the evidence for your accusation that he is "cheering for a recession"? Edited October 5 by sherpa 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted October 5 Share Posted October 5 3 minutes ago, sherpa said: Typical. What I stated was job creation over the past four months, and specifically stated I had not looked at the latest. I don't follow these reports the day or week of, because the model is flawed and it takes time to get an accurate report. Again, the report is encouraging, but nothing political for either side in it. link data for "the last 4 months" which by inference would include the sept numbers. typical. 5 minutes ago, sherpa said: and specifically stated I had not looked at the latest. while your at it, show me where you wrote this. Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted October 5 Share Posted October 5 (edited) here I did it for you. 3 and 6 month numbers show gov't jobs a minority of gains. Were you just making shite up? I've come to expect that from Orlando, orange and eyeroll but the winemaker seemed beyond reproach. we'll need to keep that in mind for your future posts https://www.bls.gov/charts/employment-situation/employment-by-industry-monthly-changes.htm 18 minutes ago, sherpa said: Could you point out the evidence for your accusation that he is "cheering for a recession"? did you notice the title of the MAGA started thread....duh Edited October 5 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
sherpa Posted October 5 Share Posted October 5 53 minutes ago, Joe Ferguson forever said: did you notice the title of the MAGA started thread....duh The title of this thread, indicates no wishing for a recession. It does indicate a false claim that we are in one, which by definition is two quarters of negative growth. Either way, this administration, whomever that is now, and nobody knows except it isn't Biden, has does nothing positive. Link to comment Share on other sites More sharing options...
LeviF Posted October 5 Share Posted October 5 7 hours ago, TH3 said: icymi the white trash MAGA voters don’t want to work those jobs You mean that Whites don’t think that the wages depressed by the very immigrants who “want” to work those jobs are high enough. But your hatred of Whites is noted, you have to go back. Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted October 5 Share Posted October 5 1 hour ago, sherpa said: The title of this thread, indicates no wishing for a recession. It does indicate a false claim that we are in one, which by definition is two quarters of negative growth. Either way, this administration, whomever that is now, and nobody knows except it isn't Biden, has does nothing positive. yes, just ignore the fact that you completely misstated job growth results and made a ridiculous conclusion about equities.... Link to comment Share on other sites More sharing options...
sherpa Posted October 5 Share Posted October 5 24 minutes ago, Joe Ferguson forever said: yes, just ignore the fact that you completely misstated job growth results and made a ridiculous conclusion about equities.... I trade equities every day. I have no regard for political vectors on this, so.... Say what you want. Don't care. 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted October 5 Share Posted October 5 (edited) 18 minutes ago, sherpa said: I trade equities every day. I have no regard for political vectors on this, so.... Say what you want. Don't care. of course you don't care. otherwise you wouldn't post nonsense like this: "jobs gains to this point, at least in the last four months, have been gov related. Those contribute nothing to GDP. When you print 5 trillion, that capital is going to find a way to a performing asset with a return. Simple." Do you stand by that simple but incorrect remark? Edited October 5 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
sherpa Posted October 5 Share Posted October 5 15 minutes ago, Joe Ferguson forever said: of course you don't care. otherwise you wouldn't post nonsense like this: "jobs gains to this point, at least in the last four months, have been gov related. Those contribute nothing to GDP. When you print 5 trillion, that capital is going to find a way to a performing asset with a return. Simple." Do you stand by that simple but incorrect remark? Job gains have been disproportionate because of Gov job additions. Indisputable. https://finance.yahoo.com/news/biden-administration-job-growth-numbers-175321823.html I couldn't care less, but the claim that job numbers, or anything else coming out of covid is somehow a positive for Biden or his idiotic, doesn't have a clue VP is ridiculous. The Dems do what they always do. They appoint career pols to offices. They disregard the true strength in the US, which is industry and those who have been in positions of influence based on merit, who get fired if they fail, and they continuously blame others for everything, and beg for relief when things don't go their way. Big pharma. Big oil. Never ends. Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted October 5 Share Posted October 5 6 minutes ago, sherpa said: Job gains have been disproportionate because of Gov job additions. Indisputable. https://finance.yahoo.com/news/biden-administration-job-growth-numbers-175321823.html I couldn't care less, but the claim that job numbers, or anything else coming out of covid is somehow a positive for Biden or his idiotic, doesn't have a clue VP is ridiculous. The Dems do what they always do. They appoint career pols to offices. They disregard the true strength in the US, which is industry and those who have been in positions of influence based on merit, who get fired if they fail, and they continuously blame others for everything, and beg for relief when things don't go their way. Big pharma. Big oil. Never ends. just don't know what to believe here. The goalposts keep moving "have no regard for political vectors on this" and then you go on a political rant. none of which changes your simply incorrect assertions on job growth. 1 Link to comment Share on other sites More sharing options...
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