Nearly 300k jobs created last months. Nevertheless whack jobs on both the left and right will find some straw to grasp at to deny the obvious fact that we are in an economic boom.
skibum and SJG in agreement: the boom is phony. And if you disagree with these two geniuses who have called the market and economy right so often, you are an idiot.
Statistics don't lie; people do. Creating 300,000 minimum wage jobs meant shit under obama and it means the same under Trump. Other than the fake, inflated stock market, there is no evidence of a boom and the stock market only helps the rich and unions. Working people are still getting fucked, like they always do. One day they will realize this and our civil war can begin. Just so you less than intelligent folks, like doug, understand waht I said: Obama is a cunt; Trump is a cunt and we are in serious economic trouble.
Yeah we are in serious economic trouble when I can't get a seat in my favorite restaurants. The waiting time last night was an hour, on a Tuesday night!!
Wtf is happening to our economy? We are doomed! Sell, sell, sell and stock up on non perishable goods and ammunition, because that will be the only currency valid in the new world order. Right?
Just let the ignoranus's put their money in a mattress ,still not gonna get a good nights sleep.
I just laugh at all of the chicken littles running around claiming the sky is falling when it's raining and I'll just keep getting richer. The amount of economic ignorance is staggering.
@Meat that's a line I've been using for a while now, tell the idiots to look at how luxury goods are flying off the shelves, or pricey autos are selling faster and quicker than Chevrolet's, By any yardstick you use to measure, things are pretty good and probably have been for the last 2-3 years now, I hope it continues and we don't get into any new shooting wars.
Why isn't Main Street accumulating more capital? I think that is to which skibum alludes. The process of "saving, investing (or opening one's own business), building wealth" isn't happening for most of Main Street. Main Street is maybe due for a come to Jesus meeting?
BUSINESS: "There's a shortage of talent!"
MAIN STREET: "There are no good jobs and/or no one's hiring!"
= Mexican standoff?
Main Street probably needs to learn how to seek out and how to recognize opportunity. I think that is the disconnect. OR lower one's standard of living in the meantime if ends are meeting paycheck-to-paycheck. OR switch to a career that has growth or promotion potential, keep expenses low, and accumulate capital instruments. :)
Meat is right out education and hustling. Lots of kids got terrible or incomplete mentoring in the form of:
1. Stay in school, get good grades
2. Go to college, get a degree
3. ??
4. profit!
5. Option: Do what you love and the money will follow, LMFAO!!
So the reckoning it still happening. It's very sink or swim. I think some will figure it out in the end. Hustle is what's missing. It makes the average joe dumber than the average stripper. Think about that!
In a capitalist/free-market system, those at the bottom (low-skills) will often struggle and not be able to "keep-up with the Joneses" - in a free-market/capitalist system those w/ the right skills will usually have much better outcomes.
If one wants a tighter band b/w the-haves and the have-nots, then a socialist system is better.
A capitalist system has a much much higher ceiling and why entrepreneurs and risk-takers come to America from all over the world - a socialist system usually has a higher floor but a lower ceiling but a capitalist system IMO offers the most opportunities.
@Meat there have always been two economies but the beauty of America, has always been the essential truth that you have the opportunity to belong to which ever economy you desire and aspire to, through your own efforts. Make no mistake, there is not always equal opportunity, but if you are willing to persevere you can succeed, and with a little help, and hard work you are able to succeed, beyond your wildest imagination. Some people need more help than others that may be true, but our society is classless in the fact that anyone can join whatever class they want and although others may resent your success they can't prevent you from succeeding.
@Dominic I PMed you a few weeks ago if you read my message you will see my theory about what makes it hard for average wage earners to get ahead let me know if you agree or not .
if the economy keeps improving perhaps there may be a new "gilded stripper age" where they can bank as they did in the 90s and early/mid 2000s - and w/ mo-$$$ in the clubs perhaps talent will also go up.
So looks like the ADP report caused a market rally in the morning, followed by a big retreat at the mere mention that the FED would start to unload all those treasuries and MBS they bought during QE. 4.5 Trillion with a T.
Be interesting to see what happens to the markets when the FED starts to "undo" QE. Yellen will probably get fired. "YOU'RE FIRED!"
LeBron James reportedly has signed a $1-BILLION lifetime deal w/ Nike - and all he probably has to do for all that $$$ is maybe a few commercials and a few appearances I imagine;
25 the word is Ignoramus. No way do we return to the gilded age Papi. If you recall every store had a humidor back then and no tee times were to be had. Couldn't get a seat in a strip club. Since then 95% of cigar manufacturers have disappeared; golf courses are going out of businesses and strip clubs are empty and cheaper. The very rich did well under Obama though.
You got me good skispell, I am amazed that you can recall the Gilded Age you have posted that you are 59 years old the gilded age took place way before you were born, another life, perhaps.
As for bragging about being rich you ain't no slouch you seem to drop country clubs ski resorts, expensive dining venues, and cars into your numerous humble brags.
I mean really, its like in Orwell's 1984, people getting all excited because the chocolate ration is being increased. It does nothing to address the fact that our economic system is unworkable and unsustainable and that things are getting worse with each of these boom and bust cycles.
So at least with the busts, there is more openness to talk about endemic structural problems and about what might address them.
With each boom and bust, our entire society becomes more of a Ponzi Scheme.
And you Dougster, our resident finance sector parasite, you are a major promoter of this Ponzi Scheme.
@Random: Yeah, ever since the health care bill got shot down the market has been making some big intraday swings in both direction. Many of which seem to have little real conviction, explanation, and otherwise have "phony" feels to them.
I didn't think the market would start selling on a health care vote because that would have been too obvious. But my convinction that Mar 1 was a short term top has been growing.
Going into to today it looked like the markets might be concerned about Europe, but I think the reaction to Fed minutes, along with all the phony volatility until now tilted its hand. I, thus, want to reiterate my call for caution in the current market.
I'm not touching any of the long term funds I look after, but I think short term players might even want to consider shorts right now. Again, thinking we could dip down to $227 on SPY.
skihomo: " Liars see what they want to see dougie."
Well since 25 proved that you are liar via your own quotes (a subject you have continuously ducked from addressing) I just take that as a confession that you: the proven liar see the economy for you want it to be rather than the boom that it actually is in.
@Dougster wrote: "I'm not touching any of the long term funds I look after"
---------------------------------
Sounds like you're a fund manager and that must be pretty interesting work.
Don't really understand how the Fed goes about unwinding QE or whether it deserves to roil the markets the way it did today.
The fed will slow down the projected rate of raising rates, maybe one or two this year and two next year.
They've boxed themselves in because raising too quickly increases their costs, and dumping their treasuries in the open market increases supply and devalues the price.
If there ever was a moment to give pause to the market its when these hit the market too quickly, soaking up the extra liquidity and combined with increasing the risk free rate. If find rates stay low the unwinding done slowly should continue markets slow and gentle rise.
...followed two days later by Yuuuuge miss on non-farm payrolls. Guess the public sector is to blame. Not sure if skibum will find that good or bad. :-)
Notice also, anti-sex trafficking posters have gone up on local bus stops. These kinds of PSA's usually mean that the commercial economy, despite official numbers, is slowing down.
From where I sit it's easy to have a sense of humor. All of my bills are paid, I own a good business that provides me with enough money to indulge in this hobby, my children are healthy and doing well, my home is paid for, I get to travel and see and do things I am interested in.
Your problem is that you don't know when to quit, as a result most people have no respect for you and that is entirely your own fault. If you showed some respect maybe you might make a friend, instead you constantly harp on things that don't concern you because like most friendless people you don't know how to accept others. The belief of you and other friendless people is if they don't agree with me, they must be against me, and that simply isn't true. The real reason they are against you is because you are against them, I feel sorry for you and people like you because life is to be enjoyed and celebrated, diversity is important and should be affirmed not critiicized and protested.
I don't care if you think I'm Babbitt, it makes no difference to me, what you think of me, but you need to be aware of what you are doing, I don't think that you are.
The only time i have dissed you is when you diss me, I haven't initiated with you or either of the other two, that regularly look to get their virtual ass handed to them.
And can't you see that you would never get away with this face to face. I'm not saying that you are a keyboard coward, but you are being belligerent when there is no reason to be.
@SJG: 25 makes some good points. You should listen to him. I've notice that even when people agree with you, you still want to argue against them. Because you want to see yourself at the great revolutionary hero and them as evil. You talk about 25 having "cognitive dissonance" but what you do is what psychologists call "splitting".
I heard them saying the numbers must be wrong. The weather must gave screwed up the numbers. Maybe for March but it makes you wonder why they lowered the jobs numbers for the last two months as well.
Those missiles were accurate. Managed to avoid hitting all the Russian good planes at that airport they bombed. Russia screwed up big time just by letting Syria still have done chemical weapons when they promised Syria would get rid of all of them. Either Russia was in the dark or they flat out lied to Obama. Better not lie to Trump, he might want to see what happens when you press the button that says Nukes,
It's pretty clear that SJG fucked to again, and made another enemy in Twentyfive.
SJG, I keep telling you that everybody hates you and wishes you would leave TUSCL. What good do you contribute for us? What's even worse is that you are the biggest troll on the board, and contradict yourself by calling others cowards, trolls, belligerent, and bedding f2f intervention. Could you even handle anyone by physical means? I played football in College, so let's start there....can you handle a linebacker charging after you like how you go charging after windmills? Lmfao!
Similar to what @Shark said, I read that the job numbers don't look alarming at all if you average over the last three months. There's lots of noise in the jobs data.
No Dougster, I don't have any need to threaten people. But I will always defend myself when needed. And I do know that those at the bottom and at the margins are going to have to rise up, and non-violence will not likely be adequate, as this is about Social Darwinism and Eugenics. An unequivocal commitment to non-violence, as the early MLK made, only makes things worse.
SJG, let it be known my first line of attack would be verbally abusing you to the point of tears. That should be all that it takes since I know you do not have the intestinal fortitude to take any criticism.
Then plan B would be to prepare for your mental collapse from losing control of your emotions, which you've proven many times on TUSCL. Once you lose all functions of common sense or decency, if you decide to make a physical advance on me I would simply end anything that you started. You're a little pussy who talks tough on the internet, but f2f can't do anything manly. You're idea of being a man is paying Asians for sex in an AAMP with a make out session/GFE. It's sad really....
Gaffigan, you still don't get it. I have no interest in besting anybody in a bar fight. My only interest in situations is when I can take a scalp and brag about it.
So now you claim to be an everyday tough guy taking scalps! I bet your hands are made of silk, SJG. Except for the callous on your palms from jerking off in your mom's basement to porn involving 15 year old males.
@SJG
This thread has deteriorated badly you need to stop talking and start listening because you are sounding seriously psychotic.
If you don't agree all you need say is that, and allow people who are conversing about something that interests them to learn from one another.
Stop the threadjacking or I will make you the first person that goes on my ignore list.
Hmmmm, another Tuesday night last night. The wait time has improved and it was only 45 minutes for a delicious $50 meal plate. I guess waiting less than an hour to spend $100 on dinner means the sky is falling!!!
Sell, sell, sell! The worm has turned. Tuesday night wait for a seat at a restaurant is only 45 minutes compared to last week's one hour wait. This is a total sign of a downturn in the economy. The sky is falling!
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SJG and some others even said so!
https://projects.fivethirtyeight.com/tru…
Not unless you open your eyes and maybe even take a walk around. Boom almost everywhere I look.
Wtf is happening to our economy? We are doomed! Sell, sell, sell and stock up on non perishable goods and ammunition, because that will be the only currency valid in the new world order. Right?
I just laugh at all of the chicken littles running around claiming the sky is falling when it's raining and I'll just keep getting richer. The amount of economic ignorance is staggering.
Wow skibum, I've never heard of an hour wait at a fast food joint. Maybe that's why some people call you skidum?
25, we all know it's a story of 2 economies which has been since society began. Nothing had changed between the haves and have nots.
If you're poor with low wages your economy sucks. The educated and ones who hustle are thriving.
BUSINESS: "There's a shortage of talent!"
MAIN STREET: "There are no good jobs and/or no one's hiring!"
= Mexican standoff?
Main Street probably needs to learn how to seek out and how to recognize opportunity. I think that is the disconnect. OR lower one's standard of living in the meantime if ends are meeting paycheck-to-paycheck. OR switch to a career that has growth or promotion potential, keep expenses low, and accumulate capital instruments. :)
Meat is right out education and hustling. Lots of kids got terrible or incomplete mentoring in the form of:
1. Stay in school, get good grades
2. Go to college, get a degree
3. ??
4. profit!
5. Option: Do what you love and the money will follow, LMFAO!!
So the reckoning it still happening. It's very sink or swim. I think some will figure it out in the end. Hustle is what's missing. It makes the average joe dumber than the average stripper. Think about that!
If one wants a tighter band b/w the-haves and the have-nots, then a socialist system is better.
A capitalist system has a much much higher ceiling and why entrepreneurs and risk-takers come to America from all over the world - a socialist system usually has a higher floor but a lower ceiling but a capitalist system IMO offers the most opportunities.
@Dominic I PMed you a few weeks ago if you read my message you will see my theory about what makes it hard for average wage earners to get ahead let me know if you agree or not .
Be interesting to see what happens to the markets when the FED starts to "undo" QE. Yellen will probably get fired. "YOU'RE FIRED!"
LeBron James reportedly has signed a $1-BILLION lifetime deal w/ Nike - and all he probably has to do for all that $$$ is maybe a few commercials and a few appearances I imagine;
https://www.si.com/nba/2016/05/17/lebron…
As for bragging about being rich you ain't no slouch you seem to drop country clubs ski resorts, expensive dining venues, and cars into your numerous humble brags.
Does one think that booms are to be encouraged and busts avoided?
Or does one see booms and busts as closely associated and both indicative of a fundamentally unworkable economic system?
SJG
So at least with the busts, there is more openness to talk about endemic structural problems and about what might address them.
With each boom and bust, our entire society becomes more of a Ponzi Scheme.
And you Dougster, our resident finance sector parasite, you are a major promoter of this Ponzi Scheme.
SJG
I didn't think the market would start selling on a health care vote because that would have been too obvious. But my convinction that Mar 1 was a short term top has been growing.
Going into to today it looked like the markets might be concerned about Europe, but I think the reaction to Fed minutes, along with all the phony volatility until now tilted its hand. I, thus, want to reiterate my call for caution in the current market.
I'm not touching any of the long term funds I look after, but I think short term players might even want to consider shorts right now. Again, thinking we could dip down to $227 on SPY.
Well since 25 proved that you are liar via your own quotes (a subject you have continuously ducked from addressing) I just take that as a confession that you: the proven liar see the economy for you want it to be rather than the boom that it actually is in.
---------------------------------
Sounds like you're a fund manager and that must be pretty interesting work.
Don't really understand how the Fed goes about unwinding QE or whether it deserves to roil the markets the way it did today.
They've boxed themselves in because raising too quickly increases their costs, and dumping their treasuries in the open market increases supply and devalues the price.
If there ever was a moment to give pause to the market its when these hit the market too quickly, soaking up the extra liquidity and combined with increasing the risk free rate. If find rates stay low the unwinding done slowly should continue markets slow and gentle rise.
SJG
https://abolitionistmom.org/
SJG
Some of us, on the other hand have more interesting things to do in this life.
SJG
Starting to believe you are on drugs probably PCP.
SJG
But I admit, you do have a good sense of humor.
SJG
Your problem is that you don't know when to quit, as a result most people have no respect for you and that is entirely your own fault. If you showed some respect maybe you might make a friend, instead you constantly harp on things that don't concern you because like most friendless people you don't know how to accept others. The belief of you and other friendless people is if they don't agree with me, they must be against me, and that simply isn't true. The real reason they are against you is because you are against them, I feel sorry for you and people like you because life is to be enjoyed and celebrated, diversity is important and should be affirmed not critiicized and protested.
SJG
https://abolitionistmom.org/
KING CRIMSON - "Epitaph" (live in Tokyo) played by “21st Century Schizoid Band”
https://www.youtube.com/watch?v=tVLHU8Yi…
SJG
https://www.merriam-webster.com/dictiona…
SJG
SJG
And do you think I would keep replying to you if you weren't somehow dissing me?
SJG
I don't care if you think I'm Babbitt, it makes no difference to me, what you think of me, but you need to be aware of what you are doing, I don't think that you are.
The only time i have dissed you is when you diss me, I haven't initiated with you or either of the other two, that regularly look to get their virtual ass handed to them.
SJG
SJG
Those missiles were accurate. Managed to avoid hitting all the Russian good planes at that airport they bombed. Russia screwed up big time just by letting Syria still have done chemical weapons when they promised Syria would get rid of all of them. Either Russia was in the dark or they flat out lied to Obama. Better not lie to Trump, he might want to see what happens when you press the button that says Nukes,
SJG, I keep telling you that everybody hates you and wishes you would leave TUSCL. What good do you contribute for us? What's even worse is that you are the biggest troll on the board, and contradict yourself by calling others cowards, trolls, belligerent, and bedding f2f intervention. Could you even handle anyone by physical means? I played football in College, so let's start there....can you handle a linebacker charging after you like how you go charging after windmills? Lmfao!
SJG
And Gaffigan, you better believe that I am capable of dealing with anything you would try.
SJG
And Papi, it is the booms which create the busts. Each cycle leaves us worse off.
SJG
SJG
Then plan B would be to prepare for your mental collapse from losing control of your emotions, which you've proven many times on TUSCL. Once you lose all functions of common sense or decency, if you decide to make a physical advance on me I would simply end anything that you started. You're a little pussy who talks tough on the internet, but f2f can't do anything manly. You're idea of being a man is paying Asians for sex in an AAMP with a make out session/GFE. It's sad really....
SJG
SJG
SJG
This thread has deteriorated badly you need to stop talking and start listening because you are sounding seriously psychotic.
If you don't agree all you need say is that, and allow people who are conversing about something that interests them to learn from one another.
Stop the threadjacking or I will make you the first person that goes on my ignore list.
Look at me and my results! My organization is real and people know my trade. Nobody knows what you do for an organization or if it really exists.
What proof do u have of your organization SJG?
SJG
Sell, sell, sell! The worm has turned. Tuesday night wait for a seat at a restaurant is only 45 minutes compared to last week's one hour wait. This is a total sign of a downturn in the economy. The sky is falling!