SuperSpreader Posted December 13, 2023 Share Posted December 13, 2023 22 minutes ago, Commissar SFLUFAN said: CNBC's trader picture of the day: If he's happy I'm happy 1 Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted December 13, 2023 Share Posted December 13, 2023 26 minutes ago, Commissar SFLUFAN said: CNBC's trader picture of the day: I see the econo-myter as at maximum Quote Link to comment Share on other sites More sharing options...
outsida Posted December 13, 2023 Share Posted December 13, 2023 1 hour ago, Commissar SFLUFAN said: CNBC's trader picture of the day: Fox News gonna have a tough time finding out something negative to say. Quote Link to comment Share on other sites More sharing options...
Jason Posted December 13, 2023 Share Posted December 13, 2023 10 minutes ago, outsida said: Fox News gonna have a tough time finding out something negative to say. lol no they won't 2 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted December 14, 2023 Share Posted December 14, 2023 Oh snap! U.S. 10 Year Treasury yields are below 4.000%! 1 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted December 14, 2023 Share Posted December 14, 2023 NYT tomorrow: Is the economy doing too well? 1 2 Quote Link to comment Share on other sites More sharing options...
Ominous Posted December 14, 2023 Share Posted December 14, 2023 Awaits getting stupid money to do easy work in 2024.... Quote Link to comment Share on other sites More sharing options...
stepee Posted December 14, 2023 Share Posted December 14, 2023 I’m feeling a little dumb right now but oh well at least I didn’t have to stress in october! Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted December 14, 2023 Share Posted December 14, 2023 2 hours ago, Commissar SFLUFAN said: Oh snap! U.S. 10 Year Treasury yields are below 4.000%! What does this mean, effectively? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted December 14, 2023 Share Posted December 14, 2023 11 minutes ago, CitizenVectron said: What does this mean, effectively? It means that the cost of interest incurred from borrowing money is becoming less expensive which should therefore lead to economic growth stimulus. 1 Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted December 14, 2023 Share Posted December 14, 2023 7 hours ago, CitizenVectron said: What does this mean, effectively? Interest rates are falling, essentially, and the market expects them to fall further.—I.e., the end of the jihad. Long version: We talk as if the Fed sets interest rates, but in reality it controls only certain kinds of interest rates. The prevailing rate(s) of interest on the debt markets (and by extension, the overall supply of money, to a large degree) is set endogenously, by internal market forces that the Fed is trying to influence. As the most liquid debt market in the world, treasuries are the most reliable benchmark of these conditions, so falling yields indicates falling rates across the overall economy, and as one of the longest-termed forms of debt, 10-year treasuries gauge expectations for what rates (and as an extension inflation) will be in the medium-term future. (Nothing really tells you what the long term will be—but as Keynes said, you and I will be dead anyway) 3 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted December 23, 2023 Share Posted December 23, 2023 The Trump vs. Biden economy: 12 charts comparing the nation’s economic growth - The Washington Post WWW.WASHINGTONPOST.COM The presidential election is less than a year away, and economic issues are once again top of mind for voters around the country. Here’s how the economy fared under President Biden and President Trump. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 31 Share Posted January 31 Fed holds rates steady, indicates it is not ready to start cutting WWW.CNBC.COM The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting. 1 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted February 1 Share Posted February 1 JPow holding firm on the need to grind labor to a bloody pulp Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted February 1 Share Posted February 1 JPow demands more layoffs Quote Link to comment Share on other sites More sharing options...
Jason Posted February 1 Share Posted February 1 1 minute ago, SuperSpreader said: JPow demands more layoffs I'm sure JPow being a Republican has nothing to do with this. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 1 Share Posted February 1 16 hours ago, Jason said: JPow holding firm on the need to grind labor to a bloody pulp 15 hours ago, SuperSpreader said: JPow demands more layoffs Like this? January hiring was the lowest for the month on record as layoffs surged WWW.CNBC.COM Challenger, Gray & Christmas said planned layoffs totaled 82,307 for the month, a jump of 136% from December. Quote Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor market that will be in sharp focus this year, according to a report Thursday from Challenger, Gray & Christmas. The job outplacement firm said planned layoffs totaled 82,307 for the month, a jump of 136% from December though still down 20% from the same period a year ago. It was the second-highest layoff total and the lowest planned hiring level for the month of January in data going back to 2009. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted February 1 Share Posted February 1 4 minutes ago, Commissar SFLUFAN said: Like this? January hiring was the lowest for the month on record as layoffs surged WWW.CNBC.COM Challenger, Gray & Christmas said planned layoffs totaled 82,307 for the month, a jump of 136% from December. JPOW DEMANDS MOAR Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 2 Share Posted February 2 Oh yeah - the jihad will never end at this rate. U.S. economy added 353,000 jobs in January, much better than expected WWW.CNBC.COM Nonfarm payrolls were expected to increase by 185,000 in January, according to a Dow Jones consensus estimate. Quote Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%. Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower for the month. 3 Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted February 2 Share Posted February 2 I own Meta stock Quote Link to comment Share on other sites More sharing options...
ThreePi Posted February 2 Share Posted February 2 Honest question of where these jobs are coming from when the tech sector seems to be on a killing spree regarding jobs. Quote Link to comment Share on other sites More sharing options...
Brian Posted February 2 Share Posted February 2 13 minutes ago, ThreePi said: Honest question of where these jobs are coming from when the tech sector seems to be on a killing spree regarding jobs. Quote Job growth was widespread on the month, led by professional and business services with 74,000. Other significant contributors included health care (70,000), retail trade (45,000), government (36,000), social assistance (30,000) and manufacturing (23,000). Quote Link to comment Share on other sites More sharing options...
outsida Posted February 3 Share Posted February 3 12 hours ago, ThreePi said: Honest question of where these jobs are coming from when the tech sector seems to be on a killing spree regarding jobs. Tech sector is laying off people because they hired too much based on the tech boom caused by Covid lockdowns. Quote Link to comment Share on other sites More sharing options...
Nokra Posted February 3 Share Posted February 3 1 hour ago, outsida said: Tech sector is laying off people because they hired too much based on the tech boom caused by Covid lockdowns. I was one of the people hired by a tech company during the COVID expansions. Just in my immediate team of around 15, in the last year and a half we've lost 4, and my company in general lost several thousand employees. I think the only reason we aren't (currently) going through more of that is because they haven't replaced those that left from the layoffs or just from regular attrition. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted February 11 Share Posted February 11 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted February 12 Share Posted February 12 1 hour ago, Keyser_Soze said: I noticed it’s like $40 for two dozen chicken wings, does that count? 1 Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted February 12 Share Posted February 12 8 hours ago, Spork3245 said: I noticed it’s like $40 for two dozen chicken wings, does that count? I miss when they were $8–10 for a dozen. I used to go to a pizza lunch buffet that even had wings available for, like, $12. Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted February 12 Share Posted February 12 The chicken wing nonsense isn’t even an inflation problem. They used to be almost nothing because basically no one used them for anything outside of stock. Now they’re very desirable, and you can’t scale production in the same way. You can’t breed bigger to solve the problem, and an order of wings is bare minimum three chickens. Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted February 12 Share Posted February 12 4 minutes ago, LazyPiranha said: The chicken wing nonsense isn’t even an inflation problem. They used to be almost nothing because basically no one used them for anything outside of stock. Now they’re very desirable, and you can’t scale production in the same way. You can’t breed bigger to solve the problem, and an order of wings is bare minimum three chickens. No, it’s Biden’s fault! Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted February 12 Share Posted February 12 35 minutes ago, LazyPiranha said: The chicken wing nonsense isn’t even an inflation problem. I never said it was, I just think the price creep over 2-3 years has been ridiculous Though, if the wings were bigger than 2-3 years ago I wouldn’t care. Buying them raw and cooking them myself is still cheap AF: I got 10lbs from BJs for like $26. It’s the delis and restaurants jacking prices to insane levels just to cook them and twirl them in sauce. Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted February 12 Share Posted February 12 1 minute ago, Spork3245 said: I never said it was, I just think the price creep over 2-3 years has been ridiculous Oh I know, I just think it’s fascinating Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted February 12 Share Posted February 12 Just now, LazyPiranha said: Oh I know, I just think it’s fascinating I just edited my post as I want to point point out that the big price creep is from the restaurants/delis as raw wings still aren’t too bad (but have gone up, just not as insanely) Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted February 13 Share Posted February 13 Sen. Elizabeth Warren and social media creators are calling out 'shrinkflation': 'There's 3 chips in the whole bag' NEWS.YAHOO.COM “These big corporations are shrinking how much they give us, but they’re charging the same amount or sometimes even more,” Sen. Elizabeth Warren said in a... TikTok - Make Your Day WWW.TIKTOK.COM Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted February 25 Share Posted February 25 Recession incoming 3 1 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted April 10 Share Posted April 10 Stubbornly high US inflation grew stronger than expected in March | CNN Business WWW.CNN.COM Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.