Because they’re nothing to brag about. Unemployment is up and new job growth was underwhelming. Prior months are being revised down. Adding and trillion dollars in debt every 90 days. But everything is humming along in the Biden and Harris economy as long as we keep talking about the bad orange man.
Why isn’t anyone bragging about this morning’s jobs report
- Thread starter HawkeyeHitman
- Start date
Get ready for those interest rate cuts. Should have cut in July.
I'm not worried about a recession. If we get into one, they'll just redefine the term again and get us out of it. Problem solved.
They'll just change the definition of a recession again and try to spin their way out of this.
The job I'm leaving will replaced by a remote worker in Bangalore, or a US worker making around half the salary I had based on what I'm seeing on Glassdoor.
LOL... Fox Opinion Network!
So, did they get their orders from Trump or will Trump run with this?
Well the market is reflecting the news. Try again.
It wasn't a great jobs report but it wasn't terrible either so there isn't much to discuss beyond where to go from here and most people will be wrong on that anyway.
Fed will throw Democrats a lifeline in September book it.
On top of that the U.S. just paid Russia and Vladimir Putin 5000 Bitcoin for the hostage release.
On top of that the U.S. just paid Russia and Vladimir Putin 5000 Bitcoin for the hostage release.
If you turned on the tv you would see he’s 100% correct. Look at the markets, think for yourself, and stop thinking everything Trump says is a lie. This is not good…
2.7 million jobs lost, trade deficit up over >36% 3 million more uninsured, there's nothing to brag about. It sucks!
Edit: ooops my bad, that was under Trump.
Inflation almost at target, one report showing the inevitable landing we’ve been looking for, and the usual suspects come out of the woodwork.
Almost none of whom cheered on the prior years of good reports.
Love it.
Almost none of whom cheered on the prior years of good reports.
Love it.
We haven't had that typical 10% correction on the big run up.
If you know anything about markets, this isn't unusual.
And I think the Fed is so afraid of cutting rates and being accused of a political move.
SEE POST # 14!
It's pretty easy to argue they should have cut in July.
That’s basically how it went in my profession as the boomers reti… err, waited until they were mostly forced out and took huge severance packages with them. All the VP, Director, and Manager roles were replaced by a “supervisor” role and the high paying individual contributor roles (technical expert, advisor, etc.) are now pretty much unicorns.
Throw the US economy a lifeline? If you paid any attention to Powell this week, they were already signaling a rate cut in September before the jobs report, a non political issue in which republicans will claim poiltical victim. Book it.
You’re going to see consequences to draining the monetary pool show up more and more:
After this week's 'soft' survey data signaled serious ugliness in the US manufacturing economy...
Source: Bloomberg
...this morning we get 'hard' data confirmation as US Factory Orders plunged 3.3% MoM in June (the biggest MoM drop since COVID lockdowns), dragging orders down 3.6% YoY (also the worst since COVID lockdowns)...
Source: Bloomberg
The final durable goods orders print was worse than the initial - down a shocking 6.7% MoM...
Source: Bloomberg
All of which is adding to the 'growth scare' narrative that has been quietly accelerating...
Source: Bloomberg
How long before The Fed is forced into dovish retreat (adjusting its two-cuts-by-year-end forecast to the market's four cuts!).
Powell lived through the 1970s, he was smart not to cut rates because inflation can come back fast.
The stock market is not the economy
The stock market is not the economy
Don’t twist it. He won 3 super bowls before covid affected the entire world. Every country was destroyed in 2020. So what does America do- we replace him with a coach that’s been in the league for 46 years and never won the big game. Trump was setting records and Biden continued that momentum until he couldn’t anymore. Tell the whole story, not just CNN talking points.
Simply because I want to make sure I have my talking points in order, is it now ok for a politician to step in and tell the fed what to do?
The interest rate hikes are finally having their effect. Probably be a rate cut next month
Good news is inflation will probably continue to tick down.
Yeah, the slow down is almost certainly in large part due to the efforts to reduce inflation. It's part of the process.
Yep. Hopefully we have a “soft landing” type recession. All things considered, if that’s the result we navigated the post Covid era pretty well. At least economically. Blew out the budget, did pretty good overall.
The market goes up and does down. Not surprised that has thrown you.
Wow…I didn’t realize a remote worker could make a McDonald’s hamburger! I kid, I kid. 😉
You can go in Tv and debate the experts. Let me know what channel so I can watch.
Let’s see Kamala talk in a sentence everyone can understand.
