I don’t know about that.
China however, is doing just fine.
Just fine. They make 90% of all computers in the world.
80% of the air conditioners, 80% of the energy-saving lamps in the world, 74% of the solar panels, 70% of the cell phones, 60% of the cement, 50% of the pork, and 45% of world ship-building.
Those jobs were once in AMERICA.
It is no wonder our economy is hurting. We have been sold out.
The Oil & Gas industry in Texas is still hurting.
Even ABC radio, which carries Rush Limbaugh and many other top conservative hosts was complaining that weak wage growth was dragging down the economy. NPR said wages were very weak, “this late into an economic recovery.”
ABC radio news is liberal. Mark Levin complains about it a lot.
From Andy Hoffman at Miles Franklin, in my opinion one of the finest economic analysts at the present time:
Ho hum. Another first Friday of the month, and another fabricated “jobs” report with not a shred of correlation to real economic activity. Like, for instance, the completely ignored fact that - as I have discussed ad nauseum - the BLS’ "birth-death model"; which as we recently learned, accounts for 93% of all new "jobs" since the 2008 crisis; is based on the creation of unreported jobs at small businesses. This, despite the "inconvenient truth" that more small businesses have "died" since 2008 been "birthed."Andy carries on with more bad news for quite a while, and he has hundreds of other well-reasoned blogs, audio blogs and podcasts on the subject, but I think you get the point ... that you are rather naive if you believe anything that the government or their MSM stooges say ... about just about anything ... especially the economy.Thus, if you believe the 209,000 jobs supposedly created in July is true – when 158,000 such "jobs" were fabricated by the birth/death model’s fabricated, goal-seeking algorithms - I have a bridge in Brooklyn to sell you. Or, for that, the post-2008 low "unemployment rate"; which, when Trump was on the campaign trail, claimed to be a lie - as opposed to today, in true politician fashion, when it has magically turned "true." This, amidst the weakest economic data since said Financial Crisis - atop surging loan defaults, record debt accumulation, and an exploding "Retail Armageddon."
I’m not even going to wait for said "details," as I know exactly what they’ll say. Which is, the vast majority of such "jobs" were low-paying, minimum-wage, part-time "gigs"; principally, in non-productive sectors like healthcare and education; and paradoxically, the same retail sector where sales have all but died, and Amazon.com is, all by itself, causing thousands of store closings. As quite obviously, the increasingly ignored jobs report is becoming the biggest joke in the financial world. That is, besides the credibility of the Central banks descrying "deflation," as they print and pump "markets" to all-time highs - amidst the worst economic Depression in generations, fueled by history’s largest-ever, and parabolically-rising, debt edifice.
I mean geez, we just learned that the Bank of Japan owns 71% of all equity ETFs on the Nikkei exchange, whilst the Swiss National Bank owns $80 billion of U.S. stocks alone - led by Apple, which "coincidentally" has been the single biggest contributor to the "markets"' recent gains. Which itself, owns $51 billion of Treasuries - i.e., more than most sovereign nations; which of course, it wouldn't dream of doing if it didn't know the "Yellen Put" was sitting below it. That said, of all the lunatic; hyper-inflationary; politically, economically, and socially destructive ramifications of QE - be it overt or covert - the "icing on the cake" is this damning chart; of how, following $1.3 trillion of ECB QE – which earlier this year, was extended from the sovereign to the corporate realm; and three years of negative interest rates; European "high-yield" - i.e., junk bond - yields are about to fall below that of 10-year U.S. Treasury bonds! I mean, what could possibly go wrong?
Fantastic. As in “flight of fantasy”
There is a building boom here in my area.....new homes and many new businesses. Jobs galore!