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Message

re: Well...real or puffed up BS, job numbers = no rate cut

Posted on 4/5/24 at 2:40 pm to
Posted by Padme
Member since Dec 2020
6322 posts
Posted on 4/5/24 at 2:40 pm to
They are saying more employment is fine, so long as wages earned are moving downward. Read between the lines:

quote:

Hiring illegals
Posted by bluedragon
Birmingham
Member since May 2020
6982 posts
Posted on 4/5/24 at 3:22 pm to
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 ?.....
Posted by Prodigal Son
Member since May 2023
745 posts
Posted on 4/5/24 at 6:47 pm to
quote:

No rate cut

Reminds me of that commercial with the old man dangling a dollar on string.
Posted by cadillacattack
the ATL
Member since May 2020
4598 posts
Posted on 4/5/24 at 6:53 pm to
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 ….
This post was edited on 4/6/24 at 7:12 am
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 4/5/24 at 6:59 pm to
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 by Plx1776
Member since Oct 2017
16374 posts
Posted on 4/5/24 at 10:27 pm to
Lot of people are forced to work 2 and 3 jobs just to get by. Housing and groceries are so expensive now.
Posted by trinidadtiger
Member since Jun 2017
13682 posts
Posted on 4/5/24 at 11:08 pm to
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.
Posted by BuckyCheese
Member since Jan 2015
50652 posts
Posted on 4/5/24 at 11:17 pm to
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 by Powerman
Member since Jan 2004
162295 posts
Posted on 4/5/24 at 11:20 pm to
Imagine bitching 24/7 about inflation and begging for rate cuts

You guys are pathetic
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73556 posts
Posted on 4/5/24 at 11:24 pm to
Powerdouche to the rescue!
Posted by Powerman
Member since Jan 2004
162295 posts
Posted on 4/5/24 at 11:25 pm to
Sorry for the brief moment of rationality
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73556 posts
Posted on 4/5/24 at 11:26 pm to
Sure thing Champ!
Posted by Powerman
Member since Jan 2004
162295 posts
Posted on 4/5/24 at 11:28 pm to
You've always been retarded. I see nothing has changed.
Posted by OccamsStubble
Member since Aug 2019
5167 posts
Posted on 4/6/24 at 6:40 am to
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.
Posted by PUB
New Orleans
Member since Sep 2017
18393 posts
Posted on 4/6/24 at 8:34 am to
Spending our taxpayer money like 24/7/365 drunken sailors on leave.
Posted by UncleFestersLegs
Member since Nov 2010
11091 posts
Posted on 4/6/24 at 8:35 am to
quote:

Part timers and illegals that make up the #'s


Every month is the same
Posted by Strannix
District 11
Member since Dec 2012
49166 posts
Posted on 4/6/24 at 8:35 am to
They need to be raising rates, double digits
Posted by UncleFestersLegs
Member since Nov 2010
11091 posts
Posted on 4/6/24 at 8:39 am to
quote:

It’s kind of funny there are people dumb enough to think the BLS work for the Biden administration
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.
Posted by UncleFestersLegs
Member since Nov 2010
11091 posts
Posted on 4/6/24 at 8:45 am to
quote:

Confirmed. Jobs were to illegals and part time.
This government is full of shite and corrupt. Purposely destroying the country.


Potatonomics accelerating

This post was edited on 4/6/24 at 8:47 am
Posted by alphaandomega
Tuscaloosa-Here to Serve
Member since Aug 2012
13780 posts
Posted on 4/6/24 at 10:15 am to
quote:

And now we wait to see what the revisions show


Revised to loss of 150,000 incoming.



These people are so full of shite.
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