Posted on 05/03/2019 6:22:12 AM PDT by Red Badger
Headline is wrong ... the futures were up well before the report ...
The story says they are up 112 more points this morning
God bless your good fortunes, of course.
And yet, to see the maximum blessing, we must be ready to cede our fortunes, both good and bad, to the Lord. Perhaps a resource that had gone unused will kick into action.
They trade throughout the night and were up before the report came out.
I don’t see support for the 120 number, but I do see a report of 112 in the morning, so I’d be confused anyhow.
That is a wrong statement. Unemployment never went below 4% during the 1920s. Please see Fig. 5 in the following:
https://eh.net/encyclopedia/the-u-s-economy-in-the-1920s/
It’s definitely happening. I’ve been able in the past two years to install a full new AC system; a water softener; improve our pool; re-do our yard; and pay off ALL but one medical credit card without my retirement even moving.
We did the above post 9/11* when the stock market recovered.
Last year we got a reverse mortgage, put in two AC/heating systems, a new roof, and did retro fits on master shower to handle old folks, high rise toilets for older people and a lot more.*
We have hiked our monthly church and Salvation Army donations and doubled the monthly education checks to our Grandkids.
I got a stent and other healthcare, and my wife got two cataracts replaced and other procedures.
Will this last forever, probably not.
However if we let Biden and whatever rat in, we can kiss all of this goodbye for us, our adult children and grandkids.
As noted our IRA’s are handling all this.
We didn’t improve the pool since we don’t own one.
This is terrible news for the Dung Beetle Party.
First, I know Gene Smiley. We did a number of conferences together. Second, in Jonathan R. T. Hughes “American Economic History,” I have a chart showing unemployment reached 1.6%, was at 2 most of the decade.
Both charts cite the same U.S. government sources. So it’s apparently which data you include, the same way under Zero unemployment was “only” 8% . . . when they changed the way they counted labor force participation.
Both economists are good. I trust Hughes’s interpretation. He’s considered one of the great free market economists of all time.
All Trump’s fault :)
The conclusion seems obvious to anyone whose mind is not firmly locked into the Keynesian or monetarist framework: The free market works. Even in the face of massive shocks requiring large structural adjustments, the best thing the government can do is cut its own budget and return more resources to the private sector. For its part, the Federal Reserve doesn’t help matters by flooding the shell-shocked credit markets with green pieces of paper. Prices can adjust to clear labor and other markets soon enough, in light of the new fundamentals, if only the politicians and central bankers would get out of the way.
Dear Lord;
Let McFrog be right.
Thank You.
At this moment, the Dow is up .77% , the S&P 500 up .98%!
Love me some of that S/P.
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