US money suppy is growing
- Thread starter sadiehawkins
- Start date
Tell me who to blame, I need outrage. Did Joe do this? That son of a...
"Biosnesses"? Ok, tell that to the John Deere employees that just lost their jobs. LOL!!!
Just wait until the fed lowers interest rates in September to head off an economic downturn that is coming.
You realize John Deere and equipment manufacturers are a cyclical business, right?
Been that way for many decades.
Economic downturn????
The one the Radical Right has been predicting and hoping for for 3 years?
Be better.
Exactly.
I have been hearing the same shite about JD since I was at UNI back in the early 90s. Boo hoo.
Ummm.....no. Deere has even come out and said this is because they are moving some of their production to Mexico. No one can spin this as anything else.
Large corporations move production at times.
Absolutely true.
Certainly doesn't indicate they won't increase employment in the future at Waterloo/Moline/Ankeny.
Perhaps they're being forced to increase wages of skilled jobs due to the availability of people as a result of immigration policy?
We are already in the downturn. Started the end of the 1st quarter. I will be surprised if there was any growth more than 1.5% for the second quarter. Third quarter will be negative growth.
LOL. We are in a downturn right now. Manufacturing has decreased the past 3-4 months. Steel demand is at its lowest point since Covid. The only sector that had job growth last month was the service sector.
Which indicates the Fed has done a pretty damn good job managing the financial sector.
That "soft landing" that the Radical Right didn't want did materialize.
Once we get those first couple drops in the interest rates, you'll see manufacturing explode again.
I agree to a point but we are not going to have a soft landing. Many of my large OEM customers are sitting on Billions in inventory and pulling work in from all their fabricators. I do think things will come back strong due to all the pull back happening in 2024. It won’t happen though until 2025 sometime.
Your last statment is completely different from your first. Of course corporations can increase domestic production. That has happened no matter who is in the white house many times. The fact remains (as was pointed out in other post) that they are moving jobs outside the country right now. And, I would agree that this is directly tied to how Biden's administration has screwed up the immigration with their open border policy. Just criminal and this is a blow no matter what.
Auto, agriculture (Deere, case, AGCO, etc.) over road heavy trailer (Great Dane, Utility, Hyundai, Wabash etc.) construction (CAT, Komatsu, Deere again, etc.) appliance (whirlpool GE) then companies like BOBCAT, Polaris, Toro, Ariens, etc. mining conveyors. There are too many to list. All of those companies are down 10-25%
Power distribution is one of the few that is up (switchgear, generator enclosures, etc.) some material handling is up. Truck bodies are doing pretty well also.
I told my family to buckle up for the rest of the year and no large expenditures.
I should add that many of these companies had 9 month to 18 month backlogs in the 3rd quarter last year and some are at 8 weeks to 6 months now with not many new orders coming.
Shutting down the border doesn't drive production costs down...just the opposite.
While I acknowledge many of these production jobs are higher level qualifications, a shortage of workers only drives up labor costs.
But Trump told the House GOP..."No negotiations" on reform.
Greater money supply means someone said "print more money."
It impacts how far your dollar goes (inflation)
It impacts how far your dollar goes (inflation)
This is my fear, increased money supply > more inflation. If rates drop in Sept, I think the stock market will rip higher and prices will soar even more.
The upcoming recession is going to affect the lower and middle classes. The top 15% will gain a lot of wealth and the bottom 15% will become more dependent on the government welfare system.
More small business will be bought out by big corporations.
Many, many projections of the stock market flourishing in 2025 if Trump is re-elected president.
We did not have a shortage of workers. That is the point. There are strategic moves that cause additional issues....and that was one of them.
Trump would be in the same position in 2025 as he was in 2017...starting on 3rd base because he inherited another booming economy.
Trump would find a way to fvck it up again.
"Upcoming recession"?????
I guess if the Radical Right keeps predicting it, they'll eventually be right!
All I know is my retirement acct flourishes when Dems occupy the WH and I have to shift everything to money markets when Rs do.
Let's celebrate with some booty!
Between this and the titties pic in the voting thread, you are crushing it today kind sir.
If it took till Biden got in office for your retirement to flurish, then you had TERRIBLE investors during the Trump years. I did FANTASTIC!!!
How many quarters in a row do we have to hear this and why do Republicans hope the country fails under Democrats in The White House?
It’s all cyclical. Saying the economy sucked under either Trump or Biden is disingenuous.
I'm still waiting on Trump's prediction that I'd lose my 401k retirement assets if Biden was elected.
Fvcking lying POS.
As has already been said, this is not what your prior post said. Of course, companies can add jobs domestically at any time. But, that is not what is happening here. And these are not "high level management" positions that are being moved. Anyway we slice it this sucks.
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