Pelosi will still have something to say about people needing good jobs.... etc.
"Obama only wishes it would have "risen" to 3.9% on his watch."
"This simply shows the enthusiasm of those returning to the workforce in this great economy!"
Data released this week showed a key manufacturing mark hitting a two-year low and mortgage volume at its lowest in 18 years.
...
Don’t get too excited. It takes some time for the Federal Reserve to put the economy in recession.
Looks like a lot of those poor government parasites will be able to find a new job.
Don’t worry, the Fed will raise rates soon and take care of that notion.
“we plan on only 2 increases in 2019.”
Interpretation: The first raise will be 0.25% in April to destabilize the market. The second will be around October and will be as much as 0.75%. Trump won’t be able to recover going into campaign season.
the cnn anchor just called the jobs report, “in a word, flat”. then he kicked it to the subject matter expert for details, who corrected him — it was “fantastic”.
the exchange was, in three words, “awkward as $%ck”.
What about all those people who went on Social Security “disability” after their unemployment checks ran out? Are these losers still stealing my retirement money, or have they gotten off their butts and gone back to work?
Waiting for ‘the weather was good’ narrative.
Interesting comment. I thought the Fed was looking at several rate increases during 2019. I would think the market would have factored in interest rate increases and not decreases.
I am NOT a stock market expert, but it seems (as Tim Anderson on Twitter argues) there is a major disconnect between the “economy” and the stock market. As best I can tell, this is centered on the tech sector.
There are several issues with tech that I think any sensible investor can see.
1) As some have pointed out quite well here on FR, where Steve Jobs over his career presided over FOUR major innovations (PC, cell phone, iPad, iPod), since he has died, Apple has basically reshuffled the phone deck again and again. The iWatch? Really? Ok, give them “one.”
We see this throughout tech right now. They have entered that period of growth where they are managing existing products. It happens in every industry. True innovation and radical change disappears. (See: GM and Ford in the 1960s).
2) The pending threat of regulation. I believe Trump can run on trust-busting in 2020 in Big Tech and Big Pharma. The rule of thumb in the US economy is that sooner or later companies stop regulating themselves and the government steps in. I wish it were not so, but you’d be hard pressed to give me examples of an industry whose self policing worked (maybe movies and the comic book industry). Drug prices are beyond ridiculous, for a number of reasons you all know-—regular old greed, having to subsidize Europe with our prices, the obsession with researching “new” drugs when no one can afford the old. It’s like Ferrari in a downtrodden country continually researching more expensive cars. So far, Trump has only made a few comments about this, but I could see him pivoting to trust busting in 2020.
3) The Chinese monster. As you all know, when you get in bed with commies, they call the tune. The Chicoms lured in American tech with the prospect of slave wages and a giant market-—and now they are stuck with a communist tyrannical ally. Just because China is a “softer” communism doesn’t make it any better. Sooner or later, the globalist tech companies will have to pick a country.
4) Public backlash: I think there is a genuine and deserved distrust of tech-—it’s not Ludditeism-—both from a security standpoint and from a political censorship standpoint.
I’m sure some of you better versed in the market than I am can point to problems with stocks in other sectors, but this, at least, seems an obvious starting point.
That’s the biggie—the workforce participation rate, because as Trump well pointed out during his campaign, the current methods of tracking unemployment come up with artificially low numbers.
Remember during the 0bama Reign of Eerror we would have to add, ‘Unexpected!’ *DRINK* ?
Now it should be, ‘Expected! Cheers!’ MAGA! :)
ping!
I don’t understand. Why doesn’t CNN just lie about job growth? Why do they selectively and inconsistently say something that’s true?
Temporary holiday jobs?
DEC JOBS: +312K
RECORD 156,945,000 WORKING
HISPANIC UNEMPLOYMENT LOWEST EVER
https://www.drudgereport.com/
lol there is no slowdown.. thus why the fed raised rates!
Job growth surges by 312,000 Obama&Co beat dogs with stick.
Main Street is winning!
AOC was unavailable for comment.