June 6, 2019: An Economy on Shaky Ground

[Mac1958]

Link?

U.S. economy adds disappointing 75,000 jobs in May, unemployment rate holds at 3.6%

From your link-

But other surveys have suggested continued strength in the U.S. labor market. The Institute for Supply Management on Wednesday pointed to substantial employment gains in May for the U.S. services sectors. On Thursday, the Department of Labor reported U.S. weekly unemployment claims remained unchanged from the week prior, and the closely watched four-week moving average for initial jobless claims declined.

Moreover, the Conference Board’s labor market differential – an indicator reflecting the percentage of consumers saying jobs are plentiful minus the percent saying jobs are hard to find – rose to 36.3 in May, the highest reading since December 2000.

Yes. As I said, there are always conflicting currents, always.
.

 

[depotoo]

Link?

U.S. economy adds disappointing 75,000 jobs in May, unemployment rate holds at 3.6%

From your link-

But other surveys have suggested continued strength in the U.S. labor market. The Institute for Supply Management on Wednesday pointed to substantial employment gains in May for the U.S. services sectors. On Thursday, the Department of Labor reported U.S. weekly unemployment claims remained unchanged from the week prior, and the closely watched four-week moving average for initial jobless claims declined.

Moreover, the Conference Board’s labor market differential – an indicator reflecting the percentage of consumers saying jobs are plentiful minus the percent saying jobs are hard to find – rose to 36.3 in May, the highest reading since December 2000.

Yes. As I said, there are always conflicting currents, always.
.

I just have to laugh.

 

[edward37]

Economic data for each month is always adjusted after 3 months.
I judge the economy by what I see and how happy people are.

How happy are farmers home builders car manufacturing etc etc ??

Home builders and auto repair are busting at the seams in the NYC/LI area.
Landscapers are a bit upset that they have to use citizens; poor bastards won’t be able to take a 5th vacation to Italy this year.

Yeah and rate cuts mean we're doing well?????

You seem to want the owners of The Fed to make a lot of money.
I always borrow money at the lowest rate.

Yes but sometimes when needed the most rates are high I just believe when rates go down it's a sign the economy sees signs of trouble ahead

 

[edward37]

Interesting that most job losses were in the govt sector. Good deal.

Trump trying to clean the swamp he's responsible for??

 

[Mac1958]

Link?

U.S. economy adds disappointing 75,000 jobs in May, unemployment rate holds at 3.6%

From your link-

But other surveys have suggested continued strength in the U.S. labor market. The Institute for Supply Management on Wednesday pointed to substantial employment gains in May for the U.S. services sectors. On Thursday, the Department of Labor reported U.S. weekly unemployment claims remained unchanged from the week prior, and the closely watched four-week moving average for initial jobless claims declined.

Moreover, the Conference Board’s labor market differential – an indicator reflecting the percentage of consumers saying jobs are plentiful minus the percent saying jobs are hard to find – rose to 36.3 in May, the highest reading since December 2000.

Yes. As I said, there are always conflicting currents, always.
.

I just have to laugh.

Okie dokie.
.

 

[Indeependent]

Economic data for each month is always adjusted after 3 months.
I judge the economy by what I see and how happy people are.

How happy are farmers home builders car manufacturing etc etc ??

Home builders and auto repair are busting at the seams in the NYC/LI area.
Landscapers are a bit upset that they have to use citizens; poor bastards won’t be able to take a 5th vacation to Italy this year.

Yeah and rate cuts mean we're doing well?????

You seem to want the owners of The Fed to make a lot of money.
I always borrow money at the lowest rate.

Yes but sometimes when needed the most rates are high I just believe when rates go down it's a sign the economy sees signs of trouble ahead

The Fed is the greatest gig going and their rate, in reality, has zero to do with the economy.

 

[AzogtheDefiler]

The economy is doing well, it has been doing well for almost two years. It is far and away better than it was two years ago. It’s not perfect OMG OMG OMG!

75000 job gain OBAMA had 75 STRAIGHT MONTHS of 6 digit job GAINS

What is bigger? 10% of 1000 or 25% of 100?

Are you in 1st grade?

I feel as though you don't understand basic mathematics. Am I incorrect?

 

[edward37]

The economy is doing well, it has been doing well for almost two years. It is far and away better than it was two years ago. It’s not perfect OMG OMG OMG!

75000 job gain OBAMA had 75 STRAIGHT MONTHS of 6 digit job GAINS

What is bigger? 10% of 1000 or 25% of 100?

Are you in 1st grade?

I feel as though you don't understand basic mathematics. Am I incorrect?

Oh please Right now I'm in the midst of taking care of 3 stock IRA''S and 3 regular accountants Each one with ZM AAPL MSFT and FB in them + others I think my math skills are adequate

 

[danielpalos]

Link?

U.S. economy adds disappointing 75,000 jobs in May, unemployment rate holds at 3.6%

From your link-

But other surveys have suggested continued strength in the U.S. labor market. The Institute for Supply Management on Wednesday pointed to substantial employment gains in May for the U.S. services sectors. On Thursday, the Department of Labor reported U.S. weekly unemployment claims remained unchanged from the week prior, and the closely watched four-week moving average for initial jobless claims declined.

Moreover, the Conference Board’s labor market differential – an indicator reflecting the percentage of consumers saying jobs are plentiful minus the percent saying jobs are hard to find – rose to 36.3 in May, the highest reading since December 2000.

Yes. As I said, there are always conflicting currents, always.
.

I just have to laugh.

Labor data is always a lagging indicator.

The right wing Government solves all problems policy is taking its toll.

 

[AzogtheDefiler]

The economy is doing well, it has been doing well for almost two years. It is far and away better than it was two years ago. It’s not perfect OMG OMG OMG!

75000 job gain OBAMA had 75 STRAIGHT MONTHS of 6 digit job GAINS

What is bigger? 10% of 1000 or 25% of 100?

Are you in 1st grade?

I feel as though you don't understand basic mathematics. Am I incorrect?

Oh please Right now I'm in the midst of taking care of 3 stock IRA''S and 3 regular accountants Each one with ZM AAPL MSFT and FB in them + others I think my math skills are adequate

Then why do you not understand that it was easier for the Obama administration to have higher % of unemployment decline than it is for the Trump administratioj and if you're so proficient in finance then explain how you're such a Democrat?

 

[edward37]

75000 job gain OBAMA had 75 STRAIGHT MONTHS of 6 digit job GAINS

What is bigger? 10% of 1000 or 25% of 100?

Are you in 1st grade?

I feel as though you don't understand basic mathematics. Am I incorrect?

Oh please Right now I'm in the midst of taking care of 3 stock IRA''S and 3 regular accountants Each one with ZM AAPL MSFT and FB in them + others I think my math skills are adequate

Then why do you not understand that it was easier for the Obama administration to have higher % of unemployment decline than it is for the Trump administratioj and if you're so proficient in finance then explain how you're such a Democrat?

I follow Buffets rule buy and hold He said he can't tell what the markets might do next week next month even next year but he guaranteed it'd be up in 10 And trump? Where would we be without his bs tax breaks, that because of tariffs are all but gone for the middle class?

 

[AzogtheDefiler]

What is bigger? 10% of 1000 or 25% of 100?

Are you in 1st grade?

I feel as though you don't understand basic mathematics. Am I incorrect?

Oh please Right now I'm in the midst of taking care of 3 stock IRA''S and 3 regular accountants Each one with ZM AAPL MSFT and FB in them + others I think my math skills are adequate

Then why do you not understand that it was easier for the Obama administration to have higher % of unemployment decline than it is for the Trump administratioj and if you're so proficient in finance then explain how you're such a Democrat?

I follow Buffets rule buy and hold He said he can't tell what the markets might do next week next month even next year but he guaranteed it'd be up in 10 And trump? Where would we be without his bs tax breaks, that because of tariffs are all but gone for the middle class?

We would be worse off because corporate confidence is way up under DJT so they hire more and he did away with H1B1 go arounds so companies have to hire more Americans. Democrats want to tax more. So I am not understanding your argument at all.

 

[edward37]

cnbc says 3 fed tax cuts are priced into our market Guess fed doesn't think things are as great as trump says

Are you in 1st grade?

I feel as though you don't understand basic mathematics. Am I incorrect?

Oh please Right now I'm in the midst of taking care of 3 stock IRA''S and 3 regular accountants Each one with ZM AAPL MSFT and FB in them + others I think my math skills are adequate

Then why do you not understand that it was easier for the Obama administration to have higher % of unemployment decline than it is for the Trump administratioj and if you're so proficient in finance then explain how you're such a Democrat?

I follow Buffets rule buy and hold He said he can't tell what the markets might do next week next month even next year but he guaranteed it'd be up in 10 And trump? Where would we be without his bs tax breaks, that because of tariffs are all but gone for the middle class?

We would be worse off because corporate confidence is way up under DJT so they hire more and he did away with H1B1 go arounds so companies have to hire more Americans. Democrats want to tax more. So I am not understanding your argument at all.

I don't care for more taxes either or any of the BS some dems are throwing What I don't like is businesses don't know to shit or get off the pot with this maniac in the WH Tariff ,,Canada then Mexico then we'll give China a dose Businesses don't know what to expect Now he's talking about easing up on Mexico if they buy vegetables from us The guy is a loose deck ,,,,and I'm being kind

 

[AzogtheDefiler]

cnbc says 3 fed tax cuts are priced into our market Guess fed doesn't think things are as great as trump says

I feel as though you don't understand basic mathematics. Am I incorrect?

Oh please Right now I'm in the midst of taking care of 3 stock IRA''S and 3 regular accountants Each one with ZM AAPL MSFT and FB in them + others I think my math skills are adequate

Then why do you not understand that it was easier for the Obama administration to have higher % of unemployment decline than it is for the Trump administratioj and if you're so proficient in finance then explain how you're such a Democrat?

I follow Buffets rule buy and hold He said he can't tell what the markets might do next week next month even next year but he guaranteed it'd be up in 10 And trump? Where would we be without his bs tax breaks, that because of tariffs are all but gone for the middle class?

We would be worse off because corporate confidence is way up under DJT so they hire more and he did away with H1B1 go arounds so companies have to hire more Americans. Democrats want to tax more. So I am not understanding your argument at all.

I don't care for more taxes either or any of the BS some dems are throwing What I don't like is businesses don't know to shit or get off the pot with this maniac in the WH Tariff ,,Canada then Mexico then we'll give China a dose Businesses don't know what to expect Now he's talking about easing up on Mexico if they buy vegetables from us The guy is a loose deck ,,,,and I'm being kind

Sometimes you have to have short term pain to achieve long term gain. Look at Abe Lincoln as an example.

 

[edward37]

cnbc says 3 fed tax cuts are priced into our market Guess fed doesn't think things are as great as trump says

Oh please Right now I'm in the midst of taking care of 3 stock IRA''S and 3 regular accountants Each one with ZM AAPL MSFT and FB in them + others I think my math skills are adequate

Then why do you not understand that it was easier for the Obama administration to have higher % of unemployment decline than it is for the Trump administratioj and if you're so proficient in finance then explain how you're such a Democrat?

I follow Buffets rule buy and hold He said he can't tell what the markets might do next week next month even next year but he guaranteed it'd be up in 10 And trump? Where would we be without his bs tax breaks, that because of tariffs are all but gone for the middle class?

We would be worse off because corporate confidence is way up under DJT so they hire more and he did away with H1B1 go arounds so companies have to hire more Americans. Democrats want to tax more. So I am not understanding your argument at all.

I don't care for more taxes either or any of the BS some dems are throwing What I don't like is businesses don't know to shit or get off the pot with this maniac in the WH Tariff ,,Canada then Mexico then we'll give China a dose Businesses don't know what to expect Now he's talking about easing up on Mexico if they buy vegetables from us The guy is a loose deck ,,,,and I'm being kind

Sometimes you have to have short term pain to achieve long term gain. Look at Abe Lincoln as an example.

You guarantee a short term pain ?? Recession possible pain for workers as china and mexico MIGHT retailiate Trump could get away with lots of his bs when he had teams of lawyers working for him ,,,like this pig barr does BUT countries won't lose face they won't take trump shit

 

[AzogtheDefiler]

cnbc says 3 fed tax cuts are priced into our market Guess fed doesn't think things are as great as trump says

Then why do you not understand that it was easier for the Obama administration to have higher % of unemployment decline than it is for the Trump administratioj and if you're so proficient in finance then explain how you're such a Democrat?

I follow Buffets rule buy and hold He said he can't tell what the markets might do next week next month even next year but he guaranteed it'd be up in 10 And trump? Where would we be without his bs tax breaks, that because of tariffs are all but gone for the middle class?

We would be worse off because corporate confidence is way up under DJT so they hire more and he did away with H1B1 go arounds so companies have to hire more Americans. Democrats want to tax more. So I am not understanding your argument at all.

I don't care for more taxes either or any of the BS some dems are throwing What I don't like is businesses don't know to shit or get off the pot with this maniac in the WH Tariff ,,Canada then Mexico then we'll give China a dose Businesses don't know what to expect Now he's talking about easing up on Mexico if they buy vegetables from us The guy is a loose deck ,,,,and I'm being kind

Sometimes you have to have short term pain to achieve long term gain. Look at Abe Lincoln as an example.

You guarantee a short term pain ?? Recession possible pain for workers as china and mexico MIGHT retailiate Trump could get away with lots of his bs when he had teams of lawyers working for him ,,,like this pig barr does BUT countries won't lose face they won't take trump shit

So it is fair to say that we should wait for the final outcome before final judgment?

 

[edward37]

cnbc says 3 fed tax cuts are priced into our market Guess fed doesn't think things are as great as trump says

I follow Buffets rule buy and hold He said he can't tell what the markets might do next week next month even next year but he guaranteed it'd be up in 10 And trump? Where would we be without his bs tax breaks, that because of tariffs are all but gone for the middle class?

We would be worse off because corporate confidence is way up under DJT so they hire more and he did away with H1B1 go arounds so companies have to hire more Americans. Democrats want to tax more. So I am not understanding your argument at all.

I don't care for more taxes either or any of the BS some dems are throwing What I don't like is businesses don't know to shit or get off the pot with this maniac in the WH Tariff ,,Canada then Mexico then we'll give China a dose Businesses don't know what to expect Now he's talking about easing up on Mexico if they buy vegetables from us The guy is a loose deck ,,,,and I'm being kind

Sometimes you have to have short term pain to achieve long term gain. Look at Abe Lincoln as an example.

You guarantee a short term pain ?? Recession possible pain for workers as china and mexico MIGHT retailiate Trump could get away with lots of his bs when he had teams of lawyers working for him ,,,like this pig barr does BUT countries won't lose face they won't take trump shit

So it is fair to say that we should wait for the final outcome before final judgment?

Agree and then count our losses if any and our gains Sometimes it's not just the winning or losing ,,but how you got there

 

[edward37]

cnbc says 3 fed tax cuts are priced into our market Guess fed doesn't think things are as great as trump says

We would be worse off because corporate confidence is way up under DJT so they hire more and he did away with H1B1 go arounds so companies have to hire more Americans. Democrats want to tax more. So I am not understanding your argument at all.

I don't care for more taxes either or any of the BS some dems are throwing What I don't like is businesses don't know to shit or get off the pot with this maniac in the WH Tariff ,,Canada then Mexico then we'll give China a dose Businesses don't know what to expect Now he's talking about easing up on Mexico if they buy vegetables from us The guy is a loose deck ,,,,and I'm being kind

Sometimes you have to have short term pain to achieve long term gain. Look at Abe Lincoln as an example.

You guarantee a short term pain ?? Recession possible pain for workers as china and mexico MIGHT retailiate Trump could get away with lots of his bs when he had teams of lawyers working for him ,,,like this pig barr does BUT countries won't lose face they won't take trump shit

So it is fair to say that we should wait for the final outcome before final judgment?

Agree and then count our losses if any and our gains Sometimes it's not just the winning or losing ,,but how you got there

And even if Trump wins and gets all these countries to bow to his will DID HE bring dignity respectability honesty to america, did he make others envious of us ??? Or did he act like his pals Putin and XI?

 

[Manonthestreet]

Investors have already signaled who they think will come out ahead of this transformation. The electric carmaker Tesla, despite all its problems, is still worth more on the stock market than either Fiat Chrysler or Renault. Uber is worth much more than the two combined, even after reporting a $1 billion quarterly loss. The Car Industry Is Under Siege
So how long can UBer keep this up.....your next crash will be caused by crap like this...fakebook stock...Tesla...companies whose revenue doesn't warrant the price Can ya say dot com ….knew ya could

 

[Correll]

There are two issues here.

One is the health of this specific economic good time. Sooner or later, it will end, and there will be a recession. The more it is delayed, the better, and Trump has already done quite a good job on that front.


Second is the long term issues of trade and wages. Both trends have been terrible though boom and busts, over the last 50 years.


We are finally seeing some turn around on these, fronts, just a bit. And the initial results are fantastic.


Even if next recession hits tomorrow, that is no reason to ignore the data on the underlying trends, and/or to shit can the policies that have finally shown some good effect.