I get where you’re coming from, I think. My point (I’m going to use Brexit as an example because it’s pretty old news, so shouldn’t provoke too many strong reactions) is that there are smart, well educated, compassionate people who voted Leave and smart, well educated, compassionate people who voted Remain. What accounts for all the smart, well educated people who voted differently than me? I can’t put it down to them being idiots, because they are smarter and better educated than me. I can’t assume they’re evil or want the worst for this country, because that doesn’t add up either. So why do smart, well educated people disagree with me on things? That’s the question I’m trying to understand with these 50/50 issues.
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You mean to tell me, there were good people on both sides of the argument? Who’da thunk! I can see the argument from both sides. But I would have voted to leave because of who is in charge of the EU and the decisions they were making regarding illegal immigration. Germans, really? You’re going to let the Germans decide policy for your country? Hell no.
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You guys see that GDP growth?
Haven’t paid attention because GDP isn’t a great metric for us normies to compare to. Can also be related to Fed spending and inflation. Care to share a link? I may need a distraction from my Advanced Composition class later today
I just saw on the news this morning that GDP grew 5.9% last year. And that was the biggest growth since Reagan-times. It struck me as “good news.” I guess you can decide for yourselves how to feel about it, but we’re still bigger than China. So that’s important.
Anyway, here’s a news story or two.
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Will read through these later, thank you!
If this is true, then how does it explain this:
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Wow! A real reporter! Watch Matt Lee grill Ned Price over this Ukraine nonsense. The war to boost biden’s approval rating… lol! This is how journalists should act. With any administration. Don’t let people just say shit, make them prove it. Awesome!
Here’s is the full exchange… lol… Watch the video I didn’t even read the article. The exchange is awesome. “This is Alex Joes type stuff” lol.
More people got jobs than left jobs, resulting in a net gain of jobs.
Okay, who it telling the truth then? One says bad the other says good. And how do you explain jobs gains, when the recovery of jobs lost from 2020 is still no where near.
Or could it be explained by this:
The blue line shows the relationship between Time and Jobs. You can see the line go “down” to a low spot in March 2020. Then it begins to climb back “up,” month by month.
467,000 jobs were gained during the month of January, compared to the month of December. When they say “added” they mean relative to last month. Not relative to the highest number that there has ever been.
So you’re right, we’re still about 2.5 million jobs short of pre-pandemic levels. But when the news-bros say “jobs gained” they’re talking about month to month gains.
Something is off. How did ‘payroll’ grow but unemployment also go up, while the economy shed 300000 jobs? Well, now it makes sense. Approximately the same number of people quit jobs, which means they changed jobs. This ‘payroll’ growth isn’t counting ‘jobs’ it’s counting people moving companies or positions within a company. So its a fake metric. Unsurprisingly, the narrative is a lie. Payroll increases, especially when you don’t count at the same time payroll decreases, is a deceptive measure.
People getting a new job title, get a new position in payroll, people who switch jobs increases someone’s payroll. I had a feeling something was off. And it was.
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Do you believe that 152 million people had jobs under President Trump? Or was the narrative fake back then too?
I don’t know who had or didn’t have jobs. I know the coverage was about as unfavorable as it can get and yet in 2019 even the likes of MSNBC admitted it was the best economy of their lives.
But you are missing the point, that payroll and jobs numbers are not the same thing. There has been an on going mass migration in the job market where people are moving more or less laterally, from one job to another. This increases payrolls, especially if you only look at payroll increase and not decrease. If you look at just payroll increase and not looking at decrease then it’s basically a false flag. I looked carefully over the article, no where does it address payroll decrease, nor broach the topic of moving jobs as being part of or all of the reason for the increase.
With the 2 stories, you have 2 different things being discussed. The number of available jobs decreased by 300,000. When measuring payroll increases, there were 497,000 payroll additions. This can come from new hires, sure, but it can also come as a result of job title changes and job switching. And if you do not even bother to compare them to payroll drops, then it’s basically phony information. It’s the propaganda biden asked for.
Seriously, why shill for biden? Every metric is pointing to economic collapse, which hopefully can be staved off, but I don’t have much confidence. I am ready because I have no debt. But for people with debt, it’s gonna suck.
News that hasn’t hit the wire yet, at least in the mainstream, is that the bubble has already popped. The subprime market (again) is in freefall. The Fed has already cut the spigot for subprime loans from $25 million per bank, to $10 million. This isn’t for houses, it’s for all subprime loans. Cars in particular.
The good news is that car prices and especially used car prices are about to come back down to earth. This move by the fed is causing panic in the subprime car sales industry. The days of empty lots and asking prices higher than sticker are coming quickly to an end. Repos are up over 40%. It might be more, I don’t remember exactly what the guy said.
I accidentally ran into a guy in the industry who was discussing it. They had a big emergency call with lenders and dealers where this was announced.
The reason? The government spigot was shut off. They were living off of Covid stimulus and people with extra money who no longer have that money. The past two years apparently have been a boon, but the guy I don’t remember his name, said it’s over. The Fed tightened it’s belt already in preparation for rate increases which are coming any day now.
Prediction? Pain. ~ Clubber Lang.
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OK man, maybe you’re right. Maybe unemployment is higher than 4.5%. Let;s move on.
“Prices coming back down to earth” is another way to say “Easing of Inflation.” That’s a good thing Pat! Manipulating interest rates and the supply of currency to control inflation what the Federal Reserve is supposed to do!
I’m not shilling for Biden, I’m shilling for the United States!
I like labor participation as a metric rather than unemployment.
Inflation stats (from the the guvmint) are virtually some creation of bizarro world.
Remember the old joke?
Economic slowdown is when your neighbor has lost his job,
Recession is when your brother in law has lost his,
and Depression is when you have lost yours.
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What if all 3 are working?
I am down with that. And yes, I agree the Fed needs to raise rates, but they also need to stop printing money, yesterday. They are killing us with that crap. But when you have maniacs like Janet Yellen and now they are trying to approve some other maniac from BLM who has no experience in monetary policy but tons of experience with leftist activism, I have little hope. The left wants to burn the system down. They don’t want reform, they want reinvention in to an authoritarian state with central monetary control just like China. And I am most definitely not down with that.
They aren’t. The job market is crap. There is tons of low skilled service jobs. There is no demand for high skilled labor right now. According to @treco 's metric we are in recession.
check out Tulsi Gabbards speech at CPAC, you can find it on youtube
best speech i have seen in years, maybe even ever