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Message

re: U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower

Posted on 8/1/25 at 10:17 am to
Posted by The Goat
Right here, Chief
Member since Nov 2006
3001 posts
Posted on 8/1/25 at 10:17 am to
quote:

Why don’t you tell me? But first, share how far up the mgt tree you are and what the AUA your firm manages is.


Hey guy. I've been part of a group that has bought and sold multiple banks. I've been in tune with fed policy my entire adult life. GFY
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57892 posts
Posted on 8/1/25 at 10:27 am to
quote:

Rate cut imminent


BLS has proven to be incredibly untrustworthy so their first couple of estimates have to be taken with a grain of salt.

PCE is up. We will have August numbers in by the September meeting. If inflation continues upward, rates do not change unless Powell is scared shitless of the upcoming debt refinancing.

If that's the case but he still cuts rates AND the BLS numbers are expressing at least the reality of the trending, expect stagflation (rising unemployment along with rising inflation).
Posted by RedHawk
Baton Rouge
Member since Aug 2007
9528 posts
Posted on 8/1/25 at 10:27 am to
quote:

do you have any idea how ignorant this statement is?


Hardcore Trumpers truly do want a dictatorship.
This post was edited on 8/1/25 at 10:28 am
Posted by dgnx6
Member since Feb 2006
85754 posts
Posted on 8/1/25 at 10:27 am to
Supposedly going to see a huge downward revision for 2024.


Basically since 2022 we have had a positive bias in jobs reports. Reporting jobs that don't actually exist.


Posted by dgnx6
Member since Feb 2006
85754 posts
Posted on 8/1/25 at 10:29 am to
quote:

I do not recall Joe Biden ever calling out the Fed.



Too busy calling half the country a threat to democracy.


Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
58826 posts
Posted on 8/1/25 at 10:30 am to
quote:

Supposedly going to see a huge downward revision for 2024.

Basically since 2022 we have had a positive bias in jobs reports. Reporting jobs that don't actually exist.



What an absurd system
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12704 posts
Posted on 8/1/25 at 10:30 am to
quote:

Lowering them 2 months before the election had ZERO immediate impact as there is a 12 month lag before you truly see the effects of rate cuts/hikes.


Sorry, but this isn’t true when it comes to the financial markets. It’s hard to escape the conclusion that they rushed those cuts to juice the markets and thereby help Kamala’s clown campaign.
Posted by The Goat
Right here, Chief
Member since Nov 2006
3001 posts
Posted on 8/1/25 at 10:31 am to
quote:

Too busy calling half the country a threat to democracy.




well, we are no longer living in a Democracy. So, apparently the senile old fricker got that one right
Posted by The Goat
Right here, Chief
Member since Nov 2006
3001 posts
Posted on 8/1/25 at 10:35 am to
quote:

Sorry, but this isn’t true when it comes to the financial markets. It’s hard to escape the conclusion that they rushed those cuts to juice the markets and thereby help Kamala’s clown campaign.



was speaking to cost of goods sold
Posted by NawlinsTiger9
Where the mongooses roam
Member since Jan 2009
38424 posts
Posted on 8/1/25 at 10:40 am to
Trumponomics baby!
Posted by PorkSammich
North FL
Member since Sep 2013
16831 posts
Posted on 8/1/25 at 10:51 am to
Tariff “strategy” impacts.
Posted by c on z
Zamunda
Member since Mar 2009
130412 posts
Posted on 8/1/25 at 11:00 am to
Slow job growth

High prices

Is this really the golden age?
Posted by TT9
Global warming
Member since Sep 2008
90430 posts
Posted on 8/1/25 at 11:18 am to
Thanks horse hair
Posted by HoustonGumbeauxGuy
Member since Jul 2011
32683 posts
Posted on 8/1/25 at 11:26 am to
30k people lost their fast food jobs in California from the new minimum wage hike

Interesting
Posted by Suntiger
STG or BR or somewhere else
Member since Feb 2007
35559 posts
Posted on 8/1/25 at 11:43 am to
quote:

someone please square what the Fed did in the run up to the 2024 election (rushing to cut, including a half pointer) with what it is doing now. I’ll wait around for a detailed explanation.


The rate cut you are talking about was two months before the election so that they wouldn’t cut rates immediately before the election. And it was based on the data. They then cut rates twice after the election! Why does no one ever mention that?

quote:

I think we'll see a boost in a few months:

Illegals who were working under the radar and not filing tax returns.
Those jobs get filled with documented taxpayers.


I don’t think that’s how it works. I think those people were here buying groceries and eating at restaurants and buying toys for their kids. They aren’t here doing those things so restaurants and grocery stores and toy stores are cutting back.

Not commenting on the political stance to deport or not deport, simply one of the economic impacts of those decisions.
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
23770 posts
Posted on 8/1/25 at 12:05 pm to
quote:

bought and sold multiple banks


Buying and selling banks is to deal making what paint by numbers is to a Rafeal or Rembrandt.

Try doing real deals. You being in banking explains a lot of your view point though. What’s good for the DS is typically good for banking.
Posted by The Goat
Right here, Chief
Member since Nov 2006
3001 posts
Posted on 8/1/25 at 12:13 pm to
quote:

Try doing real deals. You being in banking explains a lot of your view point though. What’s good for the DS is typically good for banking.



I will put my experiences as well as my PFS up against yours ANY DAY, Little Baw.

Quite Trumpian of you to belittle the accomplishments of others while referencing the DS.

You're a half-witted cliche. Don't forget to GFY
Posted by TDTOM
Member since Jan 2021
24612 posts
Posted on 8/1/25 at 12:16 pm to
You are extra melty today. Everything ok at home?
Posted by MoarKilometers
Member since Apr 2015
20553 posts
Posted on 8/1/25 at 12:30 pm to
quote:

Such a complete and utter bullshite way to run the Fed.

But you're perfectly fine with how the employment numbers were complete bullshite who knew supplying bad data could have adverse reactions.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51342 posts
Posted on 8/1/25 at 12:34 pm to
Just wait till all the government employees come of the payroll Oct 1. Pretty sure that's almost quarter million
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