About to crash

[Natural Citizen]

The unemployment reporting is just as distorted as the market...

You have to go by the U-6 measure if you want an accurate unemployment rate.

Or ''true rate'' versus ''headline rate''

Headline rate doesn't count total unemployment.

For instance, June...

LISEP Ludwig Institute for Shared Economic Prosperity

LISEP’s mission is to help achieve shared economic prosperity for all Americans, particularly for middle- and low-income families. Our focus is fact-based economic and policy research.

www.lisep.org

 

[westwall]

What's the timeline for it to be back to what it was?

Mine is to, and there is none. I have been in an exit mode for several months now. I watch my portfolio and when there is a bounce up I sell to lose as little as possible. I am now down to one stock. It is currently down 30ish percent from it's high under Trump. I am hoping it will go up 10 to 15 percent before the plug is pulled on the market.

 

[gtopa1]

The unemployment rate is 3.5%. If Trump was still president you'd be singing his praises from the mountain tops about what a wonderful economy we're in.

United States Unemployment Rate

Unemployment Rate in the United States remained unchanged at 4.20 percent in April. This page provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

Labor Force Participation Rate

View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.

fred.stlouisfed.org

There are MILLIONS not back in the workforce!!! 63.3 % as the Pandemic hit and 62.6% now. THAT is the REAL story!!! That is about 2.5 MILLION jobs GONE!!!

Greg

 

[Dirk the Daring]

The unemployment rate is 3.5%. If Trump was still president you'd be singing his praises from the mountain tops about what a wonderful economy we're in.

United States Unemployment Rate

Unemployment Rate in the United States remained unchanged at 4.20 percent in April. This page provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

Unemployment is a lagging indicator.

The Unemployment Rate Is A Lousy Recession Indicator

If you want to time the next recession the unemployment rate is the worst place to look.

www.forbes.com

What everyone needs to know is that the unemployment rate is a lagging indicator. If you want to time the next recession, the unemployment rate is the worst place to look. The unemployment rate was low when the market crashed in September 2008 and kept rising way after the recession ended in March 2009. The unemployment rate is such a bad indicator of how well the economy is doing that it did not start increasing until five months after the official start of the recession December 2007 and continued to increase four months after the recession had been called off in June 2009.

 

[gtopa1]

Unemployment is a lagging indicator.

The Unemployment Rate Is A Lousy Recession Indicator

If you want to time the next recession the unemployment rate is the worst place to look.

www.forbes.com

What everyone needs to know is that the unemployment rate is a lagging indicator. If you want to time the next recession, the unemployment rate is the worst place to look. The unemployment rate was low when the market crashed in September 2008 and kept rising way after the recession ended in March 2009. The unemployment rate is such a bad indicator of how well the economy is doing that it did not start increasing until five months after the official start of the recession December 2007 and continued to increase four months after the recession had been called off in June 2009.

You will notice that the Participation Rate under Obama tanked!!! It was rising under Trump until the Pandemic. It came back with the Trump recovery but is now stagnant.

Labor Force Participation Rate

View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.

fred.stlouisfed.org

Greg

 

[odanny]

My portfolio is still worth less now than when the Donald was president.

Not mine, but I take control of my finances and don't let other people lose my money.

 

[AzogtheDefiler]

Unemployment is a lagging indicator.

The Unemployment Rate Is A Lousy Recession Indicator

If you want to time the next recession the unemployment rate is the worst place to look.

www.forbes.com

What everyone needs to know is that the unemployment rate is a lagging indicator. If you want to time the next recession, the unemployment rate is the worst place to look. The unemployment rate was low when the market crashed in September 2008 and kept rising way after the recession ended in March 2009. The unemployment rate is such a bad indicator of how well the economy is doing that it did not start increasing until five months after the official start of the recession December 2007 and continued to increase four months after the recession had been called off in June 2009.

It is a lagging indicator

 

[AzogtheDefiler]

Not mine, but I take control of my finances and don't let other people lose my money.

You take control of your entitlements?

 

[westwall]

You take control of your entitlements?

Exactly, odanny has never made a dime in his misbegotten life.

 

[odanny]

Exactly, odanny has never made a dime in his misbegotten life.

I've got more $ in my 401K than you'll ever hope to make in your life.

Thats why I retired at 56.

Eat it.

 

[Rye Catcher]

My portfolio is still worth less now than when the Donald was president.

So.

 

[westwall]

I've got more $ in my 401K than you'll ever hope to make in your life.

Thats why I retired at 56.

Eat it.

Sure thing, skippy. The reality is you are living in your mom's basement.

 

[beautress]

Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

Moody's on Monday cut the credit ratings of a host of small and midsized U.S. banks and placed several Wall Street big names on negative review.

www.cnbc.com

Downgrading banks means the flow of credit will get tight. That’s when recessions hit and markets crash.

This is awful news.

I'll put the American economy on my prayer list, Mr. Azog. God will see us through the crisis because he loves America, because of the American Founders who prayed for future progeny. We've been through worse times than this one. God profits the good who look out for their neighbors no matter what. God loves America as much as we do, and he respects our devoted ancestors.

 

[Moonglow]

You have been forecasting a recession ever since Biden took office

What is taking you so long?

Biden is not cooperating.

 

[Moonglow]

There is no crisis and everything is going as well as it can...

 

[Moonglow]

I'll put the American economy on my prayer list, Mr. Azog. God will see us through the crisis because he loves America, because of the American Founders who prayed for future progeny. We've been through worse times than this one. God profits the good who look out for their neighbors no matter what. God loves America as much as we do, and he respects our devoted ancestors.

Since when did you speak for God? I'll need written permission from the Big Guy himself.

 

[leftwinger]

Labor Force Participation Rate

View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.

fred.stlouisfed.org

There are MILLIONS not back in the workforce!!! 63.3 % as the Pandemic hit and 62.6% now. THAT is the REAL story!!! That is about 2.5 MILLION jobs GONE!!!

Greg

add in 17 million new un-invited live-in gueats to that group. They must be housed, fed, educated, medicated, incarcerated etc. working or not.

 

[Faun]

The economy and job creation is so great, so great, in fact, that the average man and woman is having to work two or more jobs instead of just one!!!

LOL

By "average," you mean just 5%...



You cons say the dumbest shit.

 

[Faun]

The unemployment reporting is just as distorted as the market...

You have to go by the U-6 measure if you want an accurate unemployment rate.

Or ''true rate'' versus ''headline rate''

Headline rate doesn't count total unemployment.

For instance, June...

View attachment 812800

LISEP Ludwig Institute for Shared Economic Prosperity

LISEP’s mission is to help achieve shared economic prosperity for all Americans, particularly for middle- and low-income families. Our focus is fact-based economic and policy research.

www.lisep.org

The U-6 rate is 6.7%.

 

[Captain Caveman]

The unemployment rate is 3.5%. If Trump was still president you'd be singing his praises from the mountain tops about what a wonderful economy we're in.

United States Unemployment Rate

Unemployment Rate in the United States remained unchanged at 4.20 percent in April. This page provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...

tradingeconomics.com

The problem is history. When the pandemic hit, you don't have to be Einstein to realise economy lock downs will cause high unemployment. When it opens up, you initially have high inflation and employment levels rise. The intelligent know that. Then there's the other side of the coin, bakes that relish how unemployment was high under Trump and diminishing under biden, yet inflation is rampant under Biden.

But the joys of political scoring watching the bakes thrash it out. But there again, if more stuck to policies and economics, instead of character points scoring, USMB would only get 3 posts per day.