Not sure if people saw James Bullard's interview where he was pumping up the January job numbers. Which is weird because if you look at the BLS report, there was a loss of 2.5 million jobs
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Link?...Not sure if people saw James Bullard's interview where he was pumping up the January job numbers. Which is weird because if you look at the BLS report, there was a loss of 2.5 million jobs
Go back and look at the "revised" data month over month. It's even worse. The "on time" data releases are a joke. It's all for headlines and misinformation because most will never go back and look at what the real data is settling out to be.Not sure if people saw James Bullard's interview where he was pumping up the January job numbers. Which is weird because if you look at the BLS report, there was a loss of 2.5 million jobs
Let's talk about it. Your orange jesus presided over a 1.5% decrease in LFPR, while Biden has presided over a 1% increase.Work Force Participation Rate.
They don't want to talk about that, especially working age males who are just leaving the work force.
You mean like when job numbers for December and November were revised up.Go back and look at the "revised" data month over month. It's even worse. The "on time" data releases are a joke. It's all for headlines and misinformation because most will never go back and look at what the real data is settling out to be.
Can you ever try to discuss the situation at hand without reverting back to what about Trump?Let's talk about it. Your orange jesus presided over a 1.5% decrease in LFPR, while Biden has presided over a 1% increase.
I understand why you don't want me to. It makes your whining look stupid.Can you ever try to discuss the situation at hand without reverting back to what about Trump?
With ALL that money you say you make, is the cost of eggs ruining your vacation plans?I know it costs me more to live now.
Look at the non-seasonally adjusted from the BLS. The theories are the Fed is purposely avoiding going deeper into the numbers so they can justify continuing to raise rates (two or three more times.)What is the 2.5 million against? The last report I see has a loss but it’s closer to 250k than 2.5M
No, it is not ruining my vacation plans, but it hurts other people. Try to stay on topic and discuss BIden.I understand why you don't want me to. It makes your whining look stupid.
With ALL that money you say you make, is the cost of eggs ruining your vacation plans?
wait until all these loans start defaulting from all the money they printed. Kick the can down the road. Setting up for an economic catastrophe at some point.Look at the non-seasonally adjusted from the BLS. The theories are the Fed is purposely avoiding going deeper into the numbers so they can justify continuing to raise rates (two or three more times.)
Isn’t a non-seasonally adjusted job number between Dec and Jan always going to be a bloodbath?Look at the non-seasonally adjusted from the BLS. The theories are the Fed is purposely avoiding going deeper into the numbers so they can justify continuing to raise rates (two or three more times.)
I understand why you don't want to compare. It makes your stupidity obvious.Try to stay on topic and discuss BIden.
Not always into bloodbath territory. The Fed is being weirdly cagey about these numbers.Isn’t a non-seasonally adjusted job number between Dec and Jan always going to be a bloodbath?
That’s Goodhart’s Law for you.Not always into bloodbath territory. The Fed is being weirdly cagey about these numbers.
I quit trusting the jobs numbers (at face value) administrations ago. But when the numbers really don’t make sense AND they’re using it to justify continued rate hikes, people really should be asking questionsThat’s Goodhart’s Law for you.
If I were Biden I would replace the head of the FED (appointed by Trump) and bring back Yellen who had a more sensible approach to monetary policy.I quit trusting the jobs numbers (at face value) administrations ago. But when the numbers really don’t make sense AND they’re using it to justify continued rate hikes, people really should be asking questions
The credit bubble is stretching and stretching. It’s going to be very, very bad when it pops. We’ve creates a completely unsustainable level of credit.
Cash-out refinances will likely take off in the second half of this yearThe credit bubble is stretching and stretching. It’s going to be very, very bad when it pops. We’ve creates a completely unsustainable level of credit.
Great, even more institutional ownership of housing looming.Cash-out refinances will likely take off in the second half of this year
Don't underestimate stupidity. You'd be surprised how long people are willing to finance a vehicle now-a-days. And I don't mean that as good thing. No one understands the phrase "depreciating asset" any more.The "redneck buys $70k truck" market is going to die quickly.
The dealer when I bought my car tried to get me to use their financing and get a more expensive car (I already had secured a good rate elsewhere) by telling me an 72 month loan would keep my monthly payment lower. How many fall into that trap?Don't underestimate stupidity. You'd be surprised how long people are willing to finance a vehicle now-a-days. And I don't mean that as good thing. No one understands the phrase "depreciating asset" any more.
I'm seeing them more & more (part of my job is reviewing credit reports.) A work vehicle I can understand, but not a vehicle that will be driven mainly to work & back home.The dealer when I bought my car tried to get me to use their financing and get a more expensive car (I already had secured a good rate elsewhere) by telling me an 72 month loan would keep my monthly payment lower. How many fall into that trap?
Keep interest rates at zero for eternity? 😂If I were Biden I would replace the head of the FED (appointed by Trump) and bring back Yellen who had a more sensible approach to monetary policy.
First, if it deceived someone, they would have to be complete idiots. There was no deception as I was and am mocking you trumptards for claiming how great things were under your orange jesus. Bad "luck" seems to be the only defense you have when it comes to comparing the economy of republican presidents and democratic presidents.Talking about LFPR under Trump while not mentioning the fact that the COVID lockdowns were the sole reason for the drop is purposefully deceptive and therefor no better than a lie.
Case in point regarding "you trumptards for claiming how great things were under your orange jesus". The LFPR trend was dead flat the first 20 months of trumps presidency and dead flat the last 4 months before covid hit. That takes care of 24 months of your first 3 years.The rate was steadily increasing each of the first three years of Trump’s term and then COVID hit.
Thats not what I said. But we had a great economy and stock market with 2 percent inflation. It is time to stop raising interest rates as big inflation has peaked .Powell is the Volker type who does not know when to stop raising rates. Powell also listened to his boss Trump when he cut rates to keep the stock market over heating if you recall.Keep interest rates at zero for eternity? 😂
I own a bridge that crosses the Ohio River. Would you like to buy it?as big inflation has peaked
I recall your ilk wanting to shutdown businesses/commerce, while demanding the govt stimulate the economy with cheap money (int rates), and free payments to people not working.Powell also listened to his boss Trump when he cut rates to keep the stock market over heating if you recall.
That was to save lives. Trumps was to make more money. but his idea was also inflationary as was the big rich mans tax break. You guys never want to mention those facts.I own a bridge that crosses the Ohio River. Would you like to buy it?
I recall your ilk wanting to shutdown businesses/commerce, while demanding the govt stimulate the economy with cheap money (int rates), and free payments to people not working.
What facts? You have given us no facts. Assumptions. Assumptions. Assumptions. Thats all I see here.That was to save lives. Trumps was to make more money. but his idea was also inflationary as was the big rich mans tax break. You guys never want to mention those facts.
how stupid are you?That was to save lives. Trumps was to make more money. but his idea was also inflationary as was the big rich mans tax break. You guys never want to mention those facts.
Those are the facts you just dont ever read the real news that you want to call fake because the big liar does.What facts? You have given us no facts. Assumptions. Assumptions. Assumptions. Thats all I see here.
Another name calling reply from you with no substance.how stupid are you?
Yep. Cheap low interest rate stimulus money and shutdowns. Those are the facts.Those are the facts
Yep. Cheap low interest rate stimulus money and shutdowns. Those are the facts.
Those were necessary maybe not for rich or the ones who dont care about life, but Trumps were totally unnecessary.Yep. Cheap low interest rate stimulus money and shutdowns. Those are the facts.