Another Blow Out ADP Report
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.
Got something to say?
Start your own discussion
79 comments
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!