Posted on 03/08/2015 10:12:24 AM PDT by expat_panama
Greatly relieved to find out that all is lost.
Imho.
Reminding me of the old joke about the cows running for the barn and one asks "why are we hiding from deer season, we're cows not deer" and the other says "you know it, I know it, but does the hunter know it?". The point being you and I know the jobs report's got holes in it but if the Fed opts for a rate hike then what little econ growth we got ends up flushed down the terlit.
btw, the cow story ends up w/ the tractor being shot up because the side of it read "John Deere".
One thing everyone keeping track should note... The full time/part time jobs numbers don’t mean what they used to now that O’bastard has decreed that 30 hours a week is full time.
That depends on what direction you got your portfolio headed. You can make money both ways.
Doesn’t the whole house of cards collapse with a rate hike of any significance?
On top of that, they don't even mean what they mean now either. The numbers come by way of the Fed and the official listing that they're calling the stats is
Employment Level - Part-Time for Economic Reasons, Could Only Find Part-Time Work, All Industries
For the life of me I can't figure what just what the hell they're saying (or hiding) with the words "for economic reasons". Are they saying that they're not counting everyone working part time for say, spiritual reasons?
Why should it? Business will borrow money at 1.75%, but if the interest rate is 1.95% they’ll shut down?
Well I did say a hike of any significance and was thinking particularly of its effect on mountains of personal credit card debt. People are the ones that buy what’s made so was thinking there could be implications.
They need a new classification, part time for obamacare reasons.
High US unemployment, and low commodity prices are great news for the multinationals, along with their shareholders. We should see an uptick on profit margins, along with dividends from corporations who’s manufacturing operations are centered in Asia. All bad news come’s with a silver lining.
Of course it matters but the thinking of those that are smarter and get paid a lot (by our taxes) is that everything's fine and if we later really do find out that things are bad then we can always lower back down the rates after that hike is seen to have caused enormous human suffering.
Truth be told though we've got to keep in mind that economic condx are in fact better now than they were in '09. Not saying much but the big argument is over this question of just "how much better" are we talking about?
It is a fair question.
LOL!!!
Our manufacturing is .02 down instead of .02 up, and of course all the good news reflects 5.6% "unemployment".
I long for the days of when printed was reflection of economic activity, rather than government printing in the absence of a real economic recovery.I suppose we are long past the point internationally where printing (QE) money is a bad thing since it is orchestrated by agreement to compensate the currency markets between all nations so that everything remains in check. We may never see an Italian meltdown, or Argentina go broke, all because of the G7 nations using trickle down economic printing....
Actually no. About a third of the world's economic activity is in the U.S. and half the world's wealth's been created by Americans. When America sneezes the world catches pneumonia.
High US unemployment, and low commodity prices are great news for the multinationals, along with their shareholders. We should see an uptick on profit margins, along with dividends from corporations whos manufacturing operations are centered in Asia. All bad news comes with a silver lining.
Except for US Exporters when you consider the US Dollar rally.
Except for the Tax rate corporations must pay to repatriate that cash.
Seems like Silver linings come with a catch.
Now that's funny. Was it a Far Side cartoon?
tx! Golly, those jokes are so old that they may have descended from vaudeville even.
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