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Business, Economics, and Taxes: Eat Cereal for Dinner
- Thread starter MissThundercat
- Start date
Kepler
Cornell Big Red
That pie aint getting any bigger, they have to go after each other. Diminishing returns.
St. Clown
Ideas Posted are Likely Not My Own
While the title says it’s since 2009, we know that’s not true because most of us have been investing and know what our portfolios have done since then. Also, the X-axis lists days, and the endpoint is roughly 175-180. This means the timeline end is around June 30.
Carl Quintanilla (@carlquintanilla.bsky.social)
US stocks vs. rest of the world: worst underperformance since 2009. @mikezaccardi.bsky.social @dailychartbook.bsky.socialbsky.app
Handyman
Hug someone you care about...
It was expected to be 75k so that is really bad.
Meanwhile bad jobs numbers aren't hurting the markets because stock buybacks are continuing along propping it up. When this bubble bursts it is going to be epic.
unofan
Well-known member
It's that job seekers outnumber job openings for the first time in years.
FadeToBlack&Gold
Microlot Marxist
You can Google "stock buybacks" to see all the press releases on what Handy is talking about here.
Handyman
Hug someone you care about...
Thank you
D
Deutsche Gopher Fan
Guest
Many of us have loooong given up
aparch
Acetaminamerican
Listening to CNBC on XM this morning and one of the commercials made me LOL at the absolute cognitive dissonance the right and MAGA have a stranglehold of.
Typical MAGA talking points:
"Climate change is a hoax!"
"These destructive storms have always happened."
"There's too much bloat in federal employment, we need to cut staff."
"There's too much waste in these government budgets, we need to cut funding."
Commercial on CNBC this AM:
"The world is getting hotter and destructive storms are getting more frequent. FEMA is understaffed, overworked, and severely underfunded. No one is coming to rescue you. So that's why 4Patriot is selling meals-ready-to-eat kits at these incredibly low prices! Buy one MRE, get one free!"
Typical MAGA talking points:
"Climate change is a hoax!"
"These destructive storms have always happened."
"There's too much bloat in federal employment, we need to cut staff."
"There's too much waste in these government budgets, we need to cut funding."
Commercial on CNBC this AM:
"The world is getting hotter and destructive storms are getting more frequent. FEMA is understaffed, overworked, and severely underfunded. No one is coming to rescue you. So that's why 4Patriot is selling meals-ready-to-eat kits at these incredibly low prices! Buy one MRE, get one free!"
ScoobyDoo
NPC
That sounds about right. Never ever think that the right won't try and make a profit off of the very lies that they tell you every single day.
rufus
rock and roller
Someone's getting fi-yerd.........
August jobs:+22,000. That is pathetic.
Also, June jobs report revised down to a loss of 13,000 jobs. first net loss since Dec. 2020.
Reminder that you need around 150,000 new jobs added each month just to keep up with the population growth of new working age folks.
Helluva economy ya got there, Trumpy.
August jobs:+22,000. That is pathetic.
Also, June jobs report revised down to a loss of 13,000 jobs. first net loss since Dec. 2020.
Reminder that you need around 150,000 new jobs added each month just to keep up with the population growth of new working age folks.
Helluva economy ya got there, Trumpy.
FadeToBlack&Gold
Microlot Marxist
Gonna be a loooong winter.
Handyman
Hug someone you care about...
Wow...that is worse than I thought and I was thinking it was gonna be bad. That revision is phucking deadly.
D
Deutsche Gopher Fan
Guest
I’m beginning to understand why some people just can’t go on anymore
Handyman
Hug someone you care about...
Black Unemployment (especially Women but just in general) is like double the rate of the total Unemployment rate. I heard a media type talking about how this is a "Canary in the Coalmine" type situation because they aren't getting laid off from high level or even middle management type jobs, it is rather low end work. That means base level/retail/menial jobs are contracting.
the WSJ basically admitted the whole thing is a joke...saying the markets are healthy because profits are up but profits are up because salaries are down and the average amount of hours worked by individuals is up. Add in some buy backs and you have businesses bringing in case and spending way less while workers either work harder or risk firing.
Gen Z has it right...time to get out of the work market.
Handyman
Hug someone you care about...
I have 2 jobs...and that is barely enough. My 78 year old father works 20 hours a week because SS between him and my mom is barely enough. Prices are worse than they were last summer and climbing.
There was a few very dark times this summer.
D
Deutsche Gopher Fan
Guest
I can’t remember the last time it wasn’t a dark day for me. It’s a weird place to just not care about anything anymore