Posted on 04/06/2015 7:28:21 AM PDT by blam
Sam Ro
4-5-2015
Since the beginning of the year, the pace of growth in numerous US economic indicators deteriorated significantly, so much so that many of these metrics even fell short of economists' expectations.
Weirdly, the pace of jobs growth had been resilient even amid unexpected plunges in key measures like retail sales and durable goods orders, reports which reflected weakness in both consumers and businesses.
However, this weirdness has begun to work itself out.
On Friday, we learned the US economy added just 126,000 jobs in March, missing expectations for 245,000 new jobs. You have to go all the way back to December 2013 to see a number that low. Even worse, the prior two months worth of job creation was revised down by 69,000.
(snip)
(Excerpt) Read more at businessinsider.com ...
how... “unexpected”
DRINK!
Article talks about increase in personal savings ...
Maybe this is a yearly event where tax refunds get electronically inserted in peoples accounts and sits there as ‘savings’ until the recipient decides how to spend it.
Maybe this is nothing but another smoke and mirrors.
So savings is destructive to the economy. Savings does push down the the numbers chosen for reporting. Without savings, though, The economy must grow at ever slower rates until it goes into terminal decline, if it is not there already. Savings is the capital for future expansion. Expansion that does not come from savings is what is called, without understanding the connection, bubbles, and inflation. Savings makes for smaller numbers but real that describe actual expansion rather than the fantasy numbers of inflationary bubbles.
The discrepancy is in how the BLS uses numbers for categories not really applicable to how things really are.
Additionally, media reporting every bad turn of statistics as “encouraging” is downright deceitful and political.
Well, if you understand that the Obama Administration has been lying to artificially pump up job growth numbers, then the discrepancy isn't "weird."
Was this "unexpected"?
“Was this “unexpected”? “
Only for those that think happy days are here again. Some FED regions are projecting 0% growth in the second half of the year. The sputter that was may be about to tank.
We are coming up on 7 years of bad economy. We all know who is to blame.
Since the prior 2 months were revised down what are the chances that the low 126,000 is not really lower. We know these phony numbers never get revised up.
***where tax refunds get electronically inserted in peoples accounts***
I wish this had happened! The state, where we filed, sent us DEBIT cards as refunds!
The main way you can see that people are saving more or spending less is in the slow housing market, which has yet to come anywhere near where it was before the crash.
“... sits there as ‘savings’ until the recipient decides how to spend it.”
Not trying to decide on ‘HOW’ to spend it, but rather people are sitting on their dollars until they decide ‘IF’ they’ll spend it. It’s part of the collective Conservative moratorium on ALL discretionary spending.
For MYSELF (and MANY Conservative relatives/friends) I am spending on absolutely NOTHING but necessities.... No repairs, No replacements for what’s broken, No upgrading around the house, No new car , No entertainment, No travel, etc....
THAT will remain the policy at MY house until/unless a Conservative gets into the WH!
George Bush!! Right? (Sorry, shameless SARC )
Well, savings means that people are awaiting conditions and/or leadership that build confidence. The money doesn’t go away. Keynes was 100% wrong in blaming the Great Depression on too much savings. It was lack of confidence in Hoover and the potential impact of the Smoot-Hawley tariff, combined with Fed deflation.
Doubt it. If there is even a hint that the Dems are finished in 2016, you’ll see an explosion like nothing since the 1980s. With $12 trillion in investment capital sitting on the sidelines, Reaganomics will reappear with a fury.
Coming up is the Summer of Recovery 7.0.
Same here... I refuse to participate until an adult is back in the WH
Will the MSM be able to continue the charade through Nov 2016? Its crunch time.
Oh of course! If I were a coach of a losing team or a company president that had 6-7 straight losing years, I would be fired.
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