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Started By
Message
re: Well...real or puffed up BS, job numbers = no rate cut
Posted on 4/5/24 at 2:40 pm to 1BIGTigerFan
Posted on 4/5/24 at 2:40 pm to 1BIGTigerFan
They are saying more employment is fine, so long as wages earned are moving downward. Read between the lines:
quote:
Hiring illegals
Posted on 4/5/24 at 3:22 pm to Padme
Know why they revise down?
Government Employees 72,000
Hospital 70,000 Got to hire back everyone they let go that wouldn't take the shot. Besides ....waiting rooms are full of taco benders not paying the tab.
39,000 Construction is curious ....Bridge Builders for a Bridge with railroad tracks ?.....
Government Employees 72,000
Hospital 70,000 Got to hire back everyone they let go that wouldn't take the shot. Besides ....waiting rooms are full of taco benders not paying the tab.
39,000 Construction is curious ....Bridge Builders for a Bridge with railroad tracks ?.....
Posted on 4/5/24 at 6:47 pm to udtiger
quote:
No rate cut
Reminds me of that commercial with the old man dangling a dollar on string.
Posted on 4/5/24 at 6:53 pm to udtiger
The longer Jpow delays the first rate cut, … the more downward pressure the USD puts on other currencies, specifically the yuan.
The Chinese economy is teetering ….
The Chinese economy is teetering ….
This post was edited on 4/6/24 at 7:12 am
Posted on 4/5/24 at 6:59 pm to wheelr
quote:
It is kind of funny. The Biden administration keeps pumping out high job numbers (see the revisions) which is not what Powell wants to see
It’s kind of funny there are people dumb enough to think the BLS work for the Biden administration. Same data geeks have been in that office through multiple presidents. They couldn’t care less who the president is at the time
Posted on 4/5/24 at 10:27 pm to udtiger
Lot of people are forced to work 2 and 3 jobs just to get by. Housing and groceries are so expensive now.
Posted on 4/5/24 at 11:08 pm to PUB
Illegals, according to the Social Security site, are issued cards for employment purposes, so yes they are being added to job numbers, which totally skews the picture, by adding them to the existing workforce is akin to adding to the numerator while not touching the denominator.
The other thing to consider keeping inflation higher is all the money from covid and build back better.
Did you guys realize there are 360 billion dollars for states and localities to use for covid that they still have not spent??? Im sure there are billions more from other covid funds, and probably trillions that have not been squandered yet on build back better.
In other words we are just borrowing money to buy gdp growth, and paying 100s of billions in interest quarterly to do it. And as that money continues to be dropped in the economy, inflation will be high.....until we slide into deflation when its all spent.
The other thing to consider keeping inflation higher is all the money from covid and build back better.
Did you guys realize there are 360 billion dollars for states and localities to use for covid that they still have not spent??? Im sure there are billions more from other covid funds, and probably trillions that have not been squandered yet on build back better.
In other words we are just borrowing money to buy gdp growth, and paying 100s of billions in interest quarterly to do it. And as that money continues to be dropped in the economy, inflation will be high.....until we slide into deflation when its all spent.
Posted on 4/5/24 at 11:17 pm to trinidadtiger
quote:
Did you guys realize there are 360 billion dollars for states and localities to use for covid that they still have not spent???
Madison WI is spending theirs on illegals.
Posted on 4/5/24 at 11:20 pm to udtiger
Imagine bitching 24/7 about inflation and begging for rate cuts
You guys are pathetic
You guys are pathetic
Posted on 4/5/24 at 11:25 pm to Jbird
Sorry for the brief moment of rationality
Posted on 4/5/24 at 11:28 pm to Jbird
You've always been retarded. I see nothing has changed.
Posted on 4/6/24 at 6:40 am to udtiger
Reality:
Print a trillion more than revenue every 100 days, and raise rates
Or
Hyperinflation
You have to choose. Cutting spending is a pipe dream for these criminals.
Print a trillion more than revenue every 100 days, and raise rates
Or
Hyperinflation
You have to choose. Cutting spending is a pipe dream for these criminals.
Posted on 4/6/24 at 8:34 am to trinidadtiger
Spending our taxpayer money like 24/7/365 drunken sailors on leave.
Posted on 4/6/24 at 8:35 am to Longdriver98
quote:
Part timers and illegals that make up the #'s
![](https://cms.zerohedge.com/s3/files/inline-images/part-time%20vs%20full-time%20jobs.jpg?itok=CKQ81O7F)
Every month is the same
Posted on 4/6/24 at 8:35 am to udtiger
They need to be raising rates, double digits
Posted on 4/6/24 at 8:39 am to Motownsix
quote:the work DIRECTLY under the United States Department of Labor. A 5th grader may be able to help you out with who executive departments of the federal government report to.
It’s kind of funny there are people dumb enough to think the BLS work for the Biden administration
Posted on 4/6/24 at 8:45 am to PUB
quote:
Confirmed. Jobs were to illegals and part time.
This government is full of shite and corrupt. Purposely destroying the country.
Potatonomics accelerating
![](https://cms.zerohedge.com/s3/files/inline-images/full%20vs%20part%20time%20jobas.jpg?itok=AIsRDFvH)
This post was edited on 4/6/24 at 8:47 am
Posted on 4/6/24 at 10:15 am to Bard
quote:
And now we wait to see what the revisions show
Revised to loss of 150,000 incoming.
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
These people are so full of shite.
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