"Jobless Claims in U.S. Unexpectedly Decrease to 14-Year Low"
http://www.bloomberg.com/news/2014-10-16…
"Companies are beefing up staff as payrolls this year remain on track for their biggest gain since 1999"
But jerkoffson40 and steve229 (the 16 y/o girl) said the idea of coming economic boom is ridiculous! Must have been a made up data point.
Okay, cynics - tear this one apart.
LOL!
"Companies are beefing up staff as payrolls this year remain on track for their biggest gain since 1999"
But jerkoffson40 and steve229 (the 16 y/o girl) said the idea of coming economic boom is ridiculous! Must have been a made up data point.
Okay, cynics - tear this one apart.
LOL!
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38 comments
Now if you use the official numbers and don't count people who are no longer eligible for unemployment benefits because they can only collect them for a limited time and add in all the people who gave up looking for work, it's no wonder the official numbers sound so good but the Fed knows better and one official even announced today that more QE might be needed.
http://www.shadowstats.com/
Just remember if you are unemployed but no longer eligible for unemployment benefits, you don't get officially counted. Boom times ahead.
My hypothesis, however, is that strip clubs will improve. We'll see the rise of a new class of uber-rich uber-HAWT strippers that strip because they dig it.
We're talking 'bout 10's that'll take it up the ass for $20 and then do a sick ATM. Why do they charge only $20? They won't need the money, but they will want to get the thrill of feeling all slutty when some gross old dude sodomize them just before they blow him (don't worry jerikson40 dude...these chicks will clean themselves out before going to work).
Overall, $20 is the perfect price to feel like a cheap whore, and that what these babes o' the economic boom will want.
The best is yet to CUM! WEEE-YAWWW!!!
SJG
Bacon consumption up
Of the talk about things getting better now, job growth is not even keeping up with population growth. People are always proclaiming new booms, because this is how Ponzi Schemes work, by boosting for them.
Dougster is right about this "whorification" which has occurred. But completely wrong about any prediction that it will be reversed anytime soon. The United States is very quickly becoming a third world country. More strife at the bottom and more loose cash at the top. No end to this in sight. Some basic attitudes and sex and money have changed and they are not going back.
https://sites.google.com/site/sjgportal/
SJG
Left Business Observer
http://www.leftbusinessobserver.com/Radi…
http://www.zerohedge.com/news/2014-10-03…
http://www.theatlantic.com/business/arch…
Of course, a significant chunk of this decline can probably be attributed to a corresponding increase in stripper boyfriends
"In 1994, 63% of recent female high school graduates and 61% of male recent high school graduates were enrolled in college in the fall following graduation. By 2012, the share of young women enrolled in college immediately after high school had increased to 71%, but it remained unchanged for young men at 61%"
http://www.pewresearch.org/fact-tank/201…
As for why the country is on the verge of an economic boom, I think there are plenty of factors pointing to it: The main ones are in the market. How readily dips get bought up. The fact that is bigger players with very long time frames who by these dips at rather high levels (e.g. they showed up at 1820 on the S&P recently). I think the negativity in the media and amongst people who fancy themselves "smart" is exactly what is needed to keep the market rallying and is calculated to be that way.
I've mentioned the strength of the USD. That will be good for economies like Japan and Europe which have suffered due to a relatively strong dollar. I also don't see the market falling out of bed even though QE is ending.
There's also falling oil prices. Some countries are going to get devastated by that, but it's good for the US.
Psychologically, I see that millennials are very entrepreneurial compared to previous generations. Several of my former co-workers have go on to start their own business. In general there is confidence in the labor market and strength of the economy to take these risks. Also they are very picky about jobs, showing how high the demand is.
The stats definitely point to an improving labor market no matter how ZeroHedge (with its perma-bear agenda) try to spin it.
There is the whole improvement of the economy in emerging markets. Sure they dip from time to time, but the tread is definitely up. Think of all the potential there is for future growth there and all the new scientists coming online.
But the biggest reason is my final one: The advances I see in science and the fields they are in. This is especially true in biotech, but I have also been quite astounded by the advances I've seen first hand in AI regarding pattern recognition and theorem proving. Then there was talk Monday of Lockhead Martin having a small sized fusion reactor.
Another factor is the optimism I see amongst people I judge as being able to think objectively and who have the track record to show it. How they are positioning for the future in terms of how they invest, hire for their business, buy real estate, etc.
I honestly do not see how anyone who is able to think for themselves cannot see a boom coming and suspect they are actually just letting the media do their thinking for them. Now would steve229 be someone like that? Could be!
The U.S. equity markets are great for their transparency. With currency, bonds and other OTC it's more of a guessing game.
I have seen a technical argument that 2001-2012 was a long term consolidation period for the market and now is a breakout. I look at a different set of indicators, however, but sharkhunter seems to be good with better known technicals.
More on your points later...
More on your points later.
"Hey, if steve229 was capable of having a reasonable discussion, I'd be willing to engage."
LOL, Dugly said that. Yes, Dugly. Thanks for the laugh buddy, now go make so more alternates.
The US has survived with a much stronger dollar than now. In fact if you look at historical prices and PPP it is outrageously. I think the strengthening dollar is overall positive for us, since it means weakening Yen and Euro which should help their economies and symbiotically ours.
I agree that rapid advances in technology can strengthen the wealth divide. But I think that is something that will be worked out politically (yes some wealth redistribution) and with better education which society will be able to afford as it health wealthier. A country like Norway up to this would be a good example of that but probably not going no forward since their wealth is so oil dependent. But you get the point.
Everything else not much to say other than we see things differently and I know which way I'm making my bets.
If the Fed wanted to to, they could tank the market very easily and destroy our economy. They are a private bank with way too much power in my opinion. Talk about too big to fail. I believe with inflation since the Fed was created, one dollar is now worth only about 5 cents compared to what it used to be worth before the Fed was created in the early 1900's.
We are all doomed. DOOMED!