Stocks continue to fall due to lack of job creation...

[MemorialRedWarrior]

http://www.ibtimes.com/dow-jones-in...economy-adds-far-fewer-jobs-september-2124707

U.S. stocks plunged Friday after fewer-than-expected jobs were created in September, giving Federal Reserve officials room to pause before raising interest rates. The disappointing September employment report follows a recent trend of mixed economic reports, suggesting the economy continues to grow at moderate pace.

“These are disappointing numbers at this point in the recovery just after the Fed has decided to keep our record-low interest rates,” Tara Sinclair, chief economist at Indeed, said in a note. “It’s a sign that, at this point, the Fed may really be out of gas in terms of what they can do for the economy.”

The Dow Jones Industrial Average (INDEXDJX:.DJI) plunged 250 points, or 1.5 percent, to 16,031. The Standard & Poor's 500 index (INDEXSP:.INX) lost 28 points, or 1.4 percent, to 1,897. The Nasdaq composite (INDEXNASDAQ:.IXIC) sank 57 points, or 0.13 percent, to 4,570.

 

[HawktimusPrime]

Ignore this everyone, because Ciggy says the economy is fine, despite the fact that the world economy is NOT fine.

 

[cigaretteman]

Is that you Aegon? Just keep peddling your BS!

 

[cigaretteman]

Ignore this everyone, because Ciggy says the economy is fine, despite the fact that the world economy is NOT fine.

Yes, a one day drop in the stock market is definitely proof that the economy's in deep trouble.

 

[HawktimusPrime]

Is that you Aegon? Just keep peddling your BS!

It is not, but I did respond to this, almost as quickly as you did.

 

[pepsicock]

Obamanomics

 

[HawktimusPrime]

Yes, a one day drop in the stock market is definitely proof that the economy's in deep trouble.

It' s not a one day drop you moron, the stocks have been dropping much more then they have been falling. It dropped yesterday also by the way genius. Again, if the Fed is afraid to raise interest rates, even at a rate such as .25%, then you have a serious problem.

Explain to me why not raising interest rates isn't a problem.

 

[MemorialRedWarrior]

Yes, a one day drop in the stock market is definitely proof that the economy's in deep trouble.

This has been a continuing trend actually. The proof is all around you as to where the economy lies. It's not looking good at all.

 

[MemorialRedWarrior]

For Cigaretteman:

 

[DavenportHawk8]

I now just take our investment statements and burn them. I can't touch it until age 65, so Ive got a few years before that comes.

The Stock market will be up and down forever. No bother in looking at it daily.

Also there are job losses, could of fooled me. Why did I pass 4-5 businesses this morning with signs posted, "help wanted". Its probably because these are entry level jobs and everyone is looking for the CEO type pay jobs. Good Luck finding that.

 

[MemorialRedWarrior]

Obamanomics

More along the lines of Corporanomics. Our Prez has little to do with this.

 

[rocketclone]

Yes, a one day drop in the stock market is definitely proof that the economy's in deep trouble.

What the heck do you read?? All you have to do is look at the Dow Chart and click the button to see that is has gone from just over 18,000 three months ago to 16,000 today. 142,000 jobs created last month. Things are not all that good right now.

I would suggest you watch something or read something other than what you are. They don't seem to be all that accurate.

 

[TexMichFan]

Coupled with the August number being sharply reduced this is not good news.

 

[MemorialRedWarrior]

Coupled with the August number being sharply reduced this is not good news.

Most concerning is that the coming winter is not likely to give any help in creating jobs. I would recommend paying very close attention to the next few months.

 

[HawktimusPrime]

What the heck do you read?? All you have to do is look at the Dow Chart and click the button to see that is has gone from just over 18,000 three months ago to 16,000 today. 142,000 jobs created last month. Things are not all that good right now.

I would suggest you watch something or read something other than what you are. They don't seem to be all that accurate.

Ciggy be crazy. Remember this is the guy that explains that spending without limits is good and to not worry about debt or paying your debts.....Ciggy....i'm glad you aren't an accountant.

 

[HawktimusPrime]

Most concerning is that the coming winter is not likely to give any help in creating jobs. I would recommend paying very close attention to the next few months.

Global warming will make sure we have no winter. So there is that.

 

[TexMichFan]

Yes, a one day drop in the stock market is definitely proof that the economy's in deep trouble.

What are you looking at makes you feel that today's number and the sharp reduction in the August number to even lower than September coupled with the drop in stocks is not a big deal?

 

[GarryO37]

Lack of job creation is not causing this drop in the market. But hey, who am I to stop someone from writing an article that people will eat up.

 

[Funky Bunch]

It' s not a one day drop you moron, the stocks have been dropping much more then they have been falling. It dropped yesterday also by the way genius. Again, if the Fed is afraid to raise interest rates, even at a rate such as .25%, then you have a serious problem.

Explain to me why not raising interest rates isn't a problem.

FWIW, S&P and Nasdaq were up yesterday while the down was down 12 points.

 

[Run&Blade]

The Silicon Valley tech companies are great at having parties to celebrate their most recent tech startup company that has a digital solution to a problem nobody knew existed but not so great at creating jobs.

America needs a strong manufacturing base to drive the economy. Without it the middle class will continue to shrink and so will payrolls.

It amazes me to see all these tech startups based on nothing more than marketing and people networking.

I think part of the problem is the education system that keeps pumping out graduates with skills nobody wants. So these people get together create a slick webapp or site that packages a bunch of their worthless skills together and then con somebody who didn't work for their money into finding it. All the while creating nothing.

 

[unIowa]

Until more income/wages get pushed down through the workforce (vs consolidating ever increasingly at the top) we will continue on this path of treading water. Govt isn't the best way to do this but if that is what it takes then that is what it takes bc we need more purchasing power at the lower middle and middle income levels to get our economic engines humming.

 

[joelbc1]

What the heck do you read?? All you have to do is look at the Dow Chart and click the button to see that is has gone from just over 18,000 three months ago to 16,000 today. 142,000 jobs created last month. Things are not all that good right now.

I would suggest you watch something or read something other than what you are. They don't seem to be all that accurate.

However, we are still adding jobs. We aren't losing them. Granted, it isn't a rosy picture....but compared to where we were 7 years ago....it ain't bad, either. It has an awful lot to do with China and very little to do with USA. Banks and financials are the big losers. They like company when they are in their misery.

 

[HawktimusPrime]

FWIW, S&P and Nasdaq were up yesterday while the down was down 12 points.

A drop is a drop, and it has dropped triple digits since. Job reports are miserable, there is already talk the Fed is reconsidering raising rates in December, and China, Japan, Europe, etc.are still in the tank also. Somebody showed the 2,000 pt loss in the past 3 months. Check it out.

 

[HawktimusPrime]

However, we are still adding jobs. We aren't losing them. Granted, it isn't a rosy picture....but compared to where we were 7 years ago....it ain't bad, either. It has an awful lot to do with China and very little to do with USA. Banks and financials are the big losers. They like company when they are in their misery.

You are losing them actually. The cold season is sure to help us lose more. Where exactly do you see job growth at? Have you not heard of the companies and corporations set to have big losses in the near future as far as jobs go?

 

[unIowa]

The Silicon Valley tech companies are great at having parties to celebrate their most recent tech startup company that has a digital solution to a problem nobody knew existed but not so great at creating jobs.

America needs a strong manufacturing base to drive the economy. Without it the middle class will continue to shrink and so will payrolls.

It amazes me to see all these tech startups based on nothing more than marketing and people networking.

I think part of the problem is the education system that keeps pumping out graduates with skills nobody wants. So these people get together create a slick webapp or site that packages a bunch of their worthless skills together and then con somebody who didn't work for their money into finding it. All the while creating nothing.

I am sorry you don't appreciate tech innovation. As far as manufacturing, our politicians sold out American manufacturing workers long ago and continue to do so (with Obama's latest trade agreement).

 

[MemorialRedWarrior]

The September jobs numbers are easily the worst of 2015 so far. They offer an unpleasant combination of a bad overall headline, bad details and bad timing, amid a volatile and unsettling time in global markets.

The weak numbers offer some vindication for those Federal Reserve officials who preferred to hold off on interest rate increases last month to ensure the economy was on sound footing before tightening the money supply. They also give reason to worry that those wild market swings in August were less random fluctuations and more an indication that something deeper is wrong with the global economy — not so much that the stock market drop in August caused weak September jobs numbers, but that there is an underlying economic fragility causing both.

 

[TexMichFan]

The September jobs numbers are easily the worst of 2015 so far. They offer an unpleasant combination of a bad overall headline, bad details and bad timing, amid a volatile and unsettling time in global markets.

The weak numbers offer some vindication for those Federal Reserve officials who preferred to hold off on interest rate increases last month to ensure the economy was on sound footing before tightening the money supply. They also give reason to worry that those wild market swings in August were less random fluctuations and more an indication that something deeper is wrong with the global economy — not so much that the stock market drop in August caused weak September jobs numbers, but that there is an underlying economic fragility causing both.

The August numbers were also revised lower than the current September number making a 2 month run of shaky job numbers.

 

[Run&Blade]

I am sorry you don't appreciate tech innovation. As far as manufacturing, our politicians sold out American manufacturing workers long ago and continue to do so (with Obama's latest trade agreement).

Tech is fine but it will do virtually nothing to help this country employee people or stop the shrinking of the middle class.

 

[HawktimusPrime]

The August numbers were also revised lower than the current September number making a 2 month run of shaky job numbers.

That MOTHER TRUCKIN' Fed, is doing all sorts of wonder for the world economy these days. Peter(Ciggy wouldn't be poor if he listened to me) Schiff, has been saying this all along. The IMF is now starting to put their say into this as well.

 

[naturalmwa]

What's this? The job creators aren't doing their job? I'm shocked! Who could have guessed?

 

[cigaretteman]

What's this? The job creators aren't doing their job? I'm shocked! Who could have guessed?

They just need a tiny little bit larger tax cuts. That's all it will take and they'll start hiring like crazy again!

 

[HawktimusPrime]

They just need a tiny little bit larger tax cuts. That's all it will take and they'll start hiring like crazy again!

The rich pay 70% of all Federal taxes. What else do you want from them? You want to raise their taxes now? Good luck with that. They will most definitely return that raise, and hand it right back to you.

 

[HawktimusPrime]

http://www.cnbc.com/2013/12/11/the-rich-do-not-pay-the-most-taxes-they-pay-all-the-taxes.html

The rich pay all the taxes</p> <p>CNBC's Jane Wells reads the fine print of the Congressional Budget Office report and reveals the CBO broke the country into five tiers of wage earners. The top 20 percent pay nearly 93 percent of all income taxes, according to the report. At the same time, their incomes are growing far faster than everyone else.</p>

Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent...pay negative 9 percent.


You read that right. One group is paying more than 100 percent of individual income taxes, the other is paying less than zero.


It's right there in Table 3 on page 13 of the report. The numbers are based on 2010 IRS and Census Bureau figures.


(Read more: New budget deal will pass, says GOP congressman)

How does someone pay negative taxes? The CBO's formula offsets whatever taxes are paid with "refundable tax credits." Some of these are due to "government transfers" of money back to the taxpayer in the form of social security and food stamps.

 

[aflachawk]

Is that you Aegon? Just keep peddling your BS!

His "BS" is proven to be true in the market and the countries historically slow recovery. Keep ignoring the facts right in front of your face.

 

[HawktimusPrime]

His "BS" is proven to be true in the market and the countries historically slow recovery. Keep ignoring the facts right in front of your face.

Not to mention that its not like I'm the one writing the articles. He's just mad because my copy and past technique has surpassed his. That ciggy I tell ya. EVERYONE is Aegon to him.

 

[aflachawk]

More along the lines of Corporanomics. Our Prez has little to do with this.

Maybe you have not followed the news but this POTUS has perfected crony capitalism with his policy to make corporations richer by cooperating with his plans. It's one of the things as a nation we need to kill.

 

[Titanhawk2]

http://www.ibtimes.com/dow-jones-in...economy-adds-far-fewer-jobs-september-2124707

U.S. stocks plunged Friday after fewer-than-expected jobs were created in September, giving Federal Reserve officials room to pause before raising interest rates. The disappointing September employment report follows a recent trend of mixed economic reports, suggesting the economy continues to grow at moderate pace.

“These are disappointing numbers at this point in the recovery just after the Fed has decided to keep our record-low interest rates,” Tara Sinclair, chief economist at Indeed, said in a note. “It’s a sign that, at this point, the Fed may really be out of gas in terms of what they can do for the economy.”

The Dow Jones Industrial Average (INDEXDJX:.DJI) plunged 250 points, or 1.5 percent, to 16,031. The Standard & Poor's 500 index (INDEXSP:.INX) lost 28 points, or 1.4 percent, to 1,897. The Nasdaq composite (INDEXNASDAQ:.IXIC) sank 57 points, or 0.13 percent, to 4,570.

Creating new jobs on their own, aka increasing payroll liabilities and decreasing profit, would cause stock prices to go down. So, the lack of increasing costs to a company, on it's own, would not have the same effect.

 

[unIowa]

http://www.cnbc.com/2013/12/11/the-rich-do-not-pay-the-most-taxes-they-pay-all-the-taxes.html

The rich pay all the taxes</p> <p>CNBC's Jane Wells reads the fine print of the Congressional Budget Office report and reveals the CBO broke the country into five tiers of wage earners. The top 20 percent pay nearly 93 percent of all income taxes, according to the report. At the same time, their incomes are growing far faster than everyone else.</p>

Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. The bottom 40 percent...pay negative 9 percent.


You read that right. One group is paying more than 100 percent of individual income taxes, the other is paying less than zero.


It's right there in Table 3 on page 13 of the report. The numbers are based on 2010 IRS and Census Bureau figures.


(Read more: New budget deal will pass, says GOP congressman)

How does someone pay negative taxes? The CBO's formula offsets whatever taxes are paid with "refundable tax credits." Some of these are due to "government transfers" of money back to the taxpayer in the form of social security and food stamps.

No offense but you are using the top20% in this argument which is incredibly misleading.

Grab me these stats.

% taxes the top .2% pay
% of US wealth the top .2% control
% of US income the top .2% bring in

Once we have that info we can have an honest discussion.

 

[naturalmwa]

The rich pay 70% of all Federal taxes. What else do you want from them? You want to raise their taxes now? Good luck with that. They will most definitely return that raise, and hand it right back to you.

The top 20% own 85% of the nation's wealth. On even a non-progressive scale they should be paying at least that much of the taxes. Add in progressivity and it should be more. 70% isn't enough. Now 93% seems closer.

 

[N_fuego]

Whether we blame Obama for the poor jobs report or not, we still have the future to look forward to.

And thanks to our friends at russia-insider.com, the future could look like this.

Yes folks, that's russia-insider.com.

 

[MemorialRedWarrior]

No offense but you are using the top20% in this argument which is incredibly misleading.

Grab me these stats.

% taxes the top .2% pay
% of US wealth the top .2% control
% of US income the top .2% bring in

Once we have that info we can have an honest discussion.

Not my question to answer, but I would be interested in this information myself if you can kindly produce some links. TIA.
Not meaning to generalize, but are we speaking Billionaires and Billionaires only?