Lonelaugher doesn't care about pesky details or misleading reports.Soon to be revised downward.. just like the last five years.
Jobless claims are usually revised upwards due to initial under-reporting from the States.
Data for three or four states were missing on this one - using 'estimates' only - including California.
Soon to be revised downward.. just like the last five years.
Jobless claims are usually revised upwards due to initial under-reporting from the States.
Data for three or four states were missing on this one - using 'estimates' only - including California.
LOL
'If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.'
It's Official: Worst. Recovery. EVER | Zero Hedge
There is Epic Suck, and then there is ..... Obama.
Elections have consequences. Vote responsibly next time, peeps.
'If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.'
It's Official: Worst. Recovery. EVER | Zero Hedge
There is Epic Suck, and then there is ..... Obama.
Elections have consequences. Vote responsibly next time, peeps.
This is no surprise to me. The thing is that it wouldn't have been any different had McCain been elected. We are losing 10,000 workers per day from the workforce to retirement. The baby boomers have stopped spending money and are downsizing. Even if they are still working, they don't need to buy anything; all they are doing is saving for retirement. What we have is a situation where no matter what we do, we cannot create increased demand for products and services, other than healthcare. With a diminishing demand for all products and services, we are in a rut. I predicted this a few years back, that we would be in for a very long period of slow growth because of these factors.
With a lack of demand for products and services, it has been very difficult for younger workers to find work that pays reasonably enough so that they can consider marrying and starting their own families. This is why so many people are putting off having kids, and that is what drives the economy. When young people start marrying and start families, then they need bigger cars and bigger homes. When they need bigger homes, they need more furniture, and when they start having kids, they need all kinds of shit.
You guys all think that creating more jobs has everything to do with lowering taxes, when taxes have nothing to do with it at all. It's all about demand, and demand comes from the bottom. Economies grow based on how the middle class and lower income earners are doing. The better they do, the more the economy grows. Basically, everything about supply side economics and the trickle down theory is dead wrong.
'If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.'
It's Official: Worst. Recovery. EVER | Zero Hedge
There is Epic Suck, and then there is ..... Obama.
Elections have consequences. Vote responsibly next time, peeps.
This is no surprise to me. The thing is that it wouldn't have been any different had McCain been elected. We are losing 10,000 workers per day from the workforce to retirement. The baby boomers have stopped spending money and are downsizing. Even if they are still working, they don't need to buy anything; all they are doing is saving for retirement. What we have is a situation where no matter what we do, we cannot create increased demand for products and services, other than healthcare. With a diminishing demand for all products and services, we are in a rut. I predicted this a few years back, that we would be in for a very long period of slow growth because of these factors.
With a lack of demand for products and services, it has been very difficult for younger workers to find work that pays reasonably enough so that they can consider marrying and starting their own families. This is why so many people are putting off having kids, and that is what drives the economy. When young people start marrying and start families, then they need bigger cars and bigger homes. When they need bigger homes, they need more furniture, and when they start having kids, they need all kinds of shit.
You guys all think that creating more jobs has everything to do with lowering taxes, when taxes have nothing to do with it at all. It's all about demand, and demand comes from the bottom. Economies grow based on how the middle class and lower income earners are doing. The better they do, the more the economy grows. Basically, everything about supply side economics and the trickle down theory is dead wrong.
The labor force participation rate of older workers is increasing, not decreasing:
'If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP "growth" since the "recovery" is now the worst in US history, having just dipped below the heretofore lowest on record.'
It's Official: Worst. Recovery. EVER | Zero Hedge
There is Epic Suck, and then there is ..... Obama.
Elections have consequences. Vote responsibly next time, peeps.
This is no surprise to me. The thing is that it wouldn't have been any different had McCain been elected. We are losing 10,000 workers per day from the workforce to retirement. The baby boomers have stopped spending money and are downsizing. Even if they are still working, they don't need to buy anything; all they are doing is saving for retirement. What we have is a situation where no matter what we do, we cannot create increased demand for products and services, other than healthcare. With a diminishing demand for all products and services, we are in a rut. I predicted this a few years back, that we would be in for a very long period of slow growth because of these factors.
With a lack of demand for products and services, it has been very difficult for younger workers to find work that pays reasonably enough so that they can consider marrying and starting their own families. This is why so many people are putting off having kids, and that is what drives the economy. When young people start marrying and start families, then they need bigger cars and bigger homes. When they need bigger homes, they need more furniture, and when they start having kids, they need all kinds of shit.
You guys all think that creating more jobs has everything to do with lowering taxes, when taxes have nothing to do with it at all. It's all about demand, and demand comes from the bottom. Economies grow based on how the middle class and lower income earners are doing. The better they do, the more the economy grows. Basically, everything about supply side economics and the trickle down theory is dead wrong.
The labor force participation rate of older workers is increasing, not decreasing:
The labor force participation rate of older workers is increasing, not decreasing:
Doesn't matter, because they still are not spending money. You continue to miss that point. And while more older workers are working longer, we are still losing 10,000 per day to retirement. It's not like when they hit 65, more of them enter the workforce.
