tRump Economy: Refrigerated carrier to close for good by end of month

[OnePercenter]

It is a big deal for you. When the banking industry has a large amounts of defaults and delinquencies, the industry raises fees for their consumer products AND everything you buy has gone through a myriad of financing with higher fees which are passed on to you.

It is a big deal for you.

No.

"5.04% of credit card loan balances were at least 90 days past due at March 31, up from 4.72% in the same quarter last year", doesn't bother me at all.

When the banking industry has a large amounts of defaults and delinquencies,

So post the actual defaults.

It doesn't bother you because you are a fool.

Look it up.

View attachment 305585

FRB: Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks

Which one of these is making you whine like a little baby?

Given the fact we have the largest consumer credit card debt in history, credit card.

Given the fact we have the largest consumer credit card debt in history, credit card.

With a really, really low default rate.

But a higher monetary value.

 

[edthecynic]

The U.S. labor market went from strength-to-strength in January, beginning 2020 by adding 225,000 jobs —

Which, of course is a Tramp LIE!
The total employed DECLINED in Jan by 89,000.
Tramp's BLS is doing what he accused Obama of doing!

The total employed DECLINED in Jan by 89,000.

And yet, 225,000 added.

How exactly can 225,000 NEW jobs have been added in Jan if there are 89,000 fewer people employed in Jan compared to Dec???????
Curious minds want to know.
Obviously Tramp has been fudging the numbers.

How exactly can 225,000 NEW jobs have been added in Jan if there are 89,000 fewer people employed in Jan compared to Dec???????

You really don't know how those statistics work, do you?

So you can't explain it either!
Thank you.

 

[Toddsterpatriot]

It is a big deal for you.

No.

"5.04% of credit card loan balances were at least 90 days past due at March 31, up from 4.72% in the same quarter last year", doesn't bother me at all.

When the banking industry has a large amounts of defaults and delinquencies,

So post the actual defaults.

It doesn't bother you because you are a fool.

Look it up.

View attachment 305585

FRB: Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks

Which one of these is making you whine like a little baby?

Given the fact we have the largest consumer credit card debt in history, credit card.

Given the fact we have the largest consumer credit card debt in history, credit card.

With a really, really low default rate.

But a higher monetary value.

As long as people are current, who cares?

 

[Frankeneinstein]

tRumpsters unite! More American Workers getting laid-off!

Refrigerated carrier to close for good by end of month

Can't believe the media missed this one...do you know that if you didn't have this story the next one of significance would be the decreased sales of girl scout cookies...good job brother, if this doesn't wake the country up nothing will.

 

[Toddsterpatriot]

The U.S. labor market went from strength-to-strength in January, beginning 2020 by adding 225,000 jobs —

Which, of course is a Tramp LIE!
The total employed DECLINED in Jan by 89,000.
Tramp's BLS is doing what he accused Obama of doing!

The total employed DECLINED in Jan by 89,000.

And yet, 225,000 added.

How exactly can 225,000 NEW jobs have been added in Jan if there are 89,000 fewer people employed in Jan compared to Dec???????
Curious minds want to know.
Obviously Tramp has been fudging the numbers.

How exactly can 225,000 NEW jobs have been added in Jan if there are 89,000 fewer people employed in Jan compared to Dec???????

You really don't know how those statistics work, do you?

So you can't explain it either!
Thank you.

Business births and deaths in the payroll survey
The payroll survey's business sampling frame cannot include new firms immediately; they are incorporated with a lag. Similarly, the permanent closure of a firm is not always captured immediately. Because the sample cannot fully reflect business births and deaths in real time, the payroll survey estimation methodology includes a statistical procedure to account for the net effect of births and deaths in the final employment estimates.

The methodology used for births and deaths prior to 2003 ("bias adjustment") had been evaluated as a possible source of divergence in household and payroll survey employment, along with some known limitations in the payroll survey sample design in use at that time. In 2003, BLS completed a comprehensive redesign of the payroll survey sample and introduced a new methodology to estimate the net employment effect of business births and deaths. These changes greatly improved the accuracy of the payroll employment estimates and reduced the size of the annual benchmark revisions.

The net birth-death model in use since 2003 was developed based on findings that actual net employment change from business births and deaths follows a relatively stable trend across years and is not highly correlated with changes in the business cycle, or with changes in overall employment. More information is available in the BLS report, How the Business Birth/Death Model Improves Payroll Employment Estimates, and in the BLS article, Impact of business births and deaths in the payroll survey.

In addition, research into the trend divergence following the 2001 recession looked at whether the normal lag in capturing new business births in the benchmark source data had grown. If this were to happen, the benchmark employment count could be understated. BLS issued a report in 2004, Assessing the Timeliness of Business Births in BLS Establishment Statistics, finding no change in the normal lag of new business registration had occurred.

Technical information about the birth/death model methodology used in the payroll survey estimates can be found in the payroll survey documentation on the BLS website; the monthly employment adjustments from the net birth/death model also are available.

Comparing employment from the BLS household and payroll surveys

 

[edthecynic]

Which, of course is a Tramp LIE!
The total employed DECLINED in Jan by 89,000.
Tramp's BLS is doing what he accused Obama of doing!

The total employed DECLINED in Jan by 89,000.

And yet, 225,000 added.

How exactly can 225,000 NEW jobs have been added in Jan if there are 89,000 fewer people employed in Jan compared to Dec???????
Curious minds want to know.
Obviously Tramp has been fudging the numbers.

How exactly can 225,000 NEW jobs have been added in Jan if there are 89,000 fewer people employed in Jan compared to Dec???????

You really don't know how those statistics work, do you?

So you can't explain it either!
Thank you.

Business births and deaths in the payroll survey
The payroll survey's business sampling frame cannot include new firms immediately; they are incorporated with a lag. Similarly, the permanent closure of a firm is not always captured immediately. Because the sample cannot fully reflect business births and deaths in real time, the payroll survey estimation methodology includes a statistical procedure to account for the net effect of births and deaths in the final employment estimates.

The methodology used for births and deaths prior to 2003 ("bias adjustment") had been evaluated as a possible source of divergence in household and payroll survey employment, along with some known limitations in the payroll survey sample design in use at that time. In 2003, BLS completed a comprehensive redesign of the payroll survey sample and introduced a new methodology to estimate the net employment effect of business births and deaths. These changes greatly improved the accuracy of the payroll employment estimates and reduced the size of the annual benchmark revisions.

The net birth-death model in use since 2003 was developed based on findings that actual net employment change from business births and deaths follows a relatively stable trend across years and is not highly correlated with changes in the business cycle, or with changes in overall employment. More information is available in the BLS report, How the Business Birth/Death Model Improves Payroll Employment Estimates, and in the BLS article, Impact of business births and deaths in the payroll survey.

In addition, research into the trend divergence following the 2001 recession looked at whether the normal lag in capturing new business births in the benchmark source data had grown. If this were to happen, the benchmark employment count could be understated. BLS issued a report in 2004, Assessing the Timeliness of Business Births in BLS Establishment Statistics, finding no change in the normal lag of new business registration had occurred.

Technical information about the birth/death model methodology used in the payroll survey estimates can be found in the payroll survey documentation on the BLS website; the monthly employment adjustments from the net birth/death model also are available.

Comparing employment from the BLS household and payroll surveys

So you are saying that the 255,000 FAKE new jobs are from new born companies nobody knows about yet.

 

[OnePercenter]

It doesn't bother you because you are a fool.

Look it up.

View attachment 305585

FRB: Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks

Which one of these is making you whine like a little baby?

Given the fact we have the largest consumer credit card debt in history, credit card.

Given the fact we have the largest consumer credit card debt in history, credit card.

With a really, really low default rate.

But a higher monetary value.

As long as people are current, who cares?

But they're not.

 

[Sun Devil 92]

Poor liberals.....
Trying to find anything and I mean anything,no matter how insignificant to point a finger at Trump and try to make him look bad.
You should be embarrassed for bringing this kind of petty shit up.
But desperation will make you do desperate shit I suppose.

American Workers being laid-off is "insignificant" and "petty shit" to you? Commie.....

Companies go under all the time.

Why did this one?

Did you read your own link ?

 

[Sun Devil 92]

Poor liberals.....
Trying to find anything and I mean anything,no matter how insignificant to point a finger at Trump and try to make him look bad.
You should be embarrassed for bringing this kind of petty shit up.
But desperation will make you do desperate shit I suppose.

American Workers being laid-off is "insignificant" and "petty shit" to you? Commie.....

Companies go under all the time.

Why did this one?

That was explained already.

Private equity predator.

Please tell us how the article explains this point....i didn't see it.

Predator...you mean they didn't buy the companies and consolidate them ?

 

[Toddsterpatriot]

View attachment 305585

FRB: Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks

Which one of these is making you whine like a little baby?

Given the fact we have the largest consumer credit card debt in history, credit card.

Given the fact we have the largest consumer credit card debt in history, credit card.

With a really, really low default rate.

But a higher monetary value.

As long as people are current, who cares?

But they're not.

The default rate says you're a liar or a moron.

 

[OnePercenter]

Poor liberals.....
Trying to find anything and I mean anything,no matter how insignificant to point a finger at Trump and try to make him look bad.
You should be embarrassed for bringing this kind of petty shit up.
But desperation will make you do desperate shit I suppose.

American Workers being laid-off is "insignificant" and "petty shit" to you? Commie.....

Companies go under all the time.

Why did this one?

Did you read your own link ?

Yes, did you?

 

[OnePercenter]

American Workers being laid-off is "insignificant" and "petty shit" to you? Commie.....

Companies go under all the time.

Why did this one?

That was explained already.

Private equity predator.

Please tell us how the article explains this point....i didn't see it.

Predator...you mean they didn't buy the companies and consolidate them ?

KJM purchased four solvent companies to merge, bankrupt, and discharge for profit. Remember Bain Capital?

 

[OnePercenter]

Given the fact we have the largest consumer credit card debt in history, credit card.

Given the fact we have the largest consumer credit card debt in history, credit card.

With a really, really low default rate.

But a higher monetary value.

As long as people are current, who cares?

But they're not.

The default rate says you're a liar or a moron.

The default rate with higher balances equals more money in default. That loss is passed to consumers.

 

[Toddsterpatriot]

Given the fact we have the largest consumer credit card debt in history, credit card.

With a really, really low default rate.

But a higher monetary value.

As long as people are current, who cares?

But they're not.

The default rate says you're a liar or a moron.

The default rate with higher balances equals more money in default. That loss is passed to consumers.

The default rate with higher balances equals more money in default.

The low default rate with higher balances equals more profit.

 

[OnePercenter]

But a higher monetary value.

As long as people are current, who cares?

But they're not.

The default rate says you're a liar or a moron.

The default rate with higher balances equals more money in default. That loss is passed to consumers.

The default rate with higher balances equals more money in default.

The low default rate with higher balances equals more profit.

Higher balances + low default = higher fees passed on to the consumer for higher profit.

 

[Toddsterpatriot]

As long as people are current, who cares?

But they're not.

The default rate says you're a liar or a moron.

The default rate with higher balances equals more money in default. That loss is passed to consumers.

The default rate with higher balances equals more money in default.

The low default rate with higher balances equals more profit.

Higher balances + low default = higher fees passed on to the consumer for higher profit.

Lower fees

 

[Dont Taz Me Bro]

Putin's plan to annihilate western culture is working fine.

The microwaves they've been secretly beaming into your brain have clearly worked.

 

[OnePercenter]

But they're not.

The default rate says you're a liar or a moron.

The default rate with higher balances equals more money in default. That loss is passed to consumers.

The default rate with higher balances equals more money in default.

The low default rate with higher balances equals more profit.

Higher balances + low default = higher fees passed on to the consumer for higher profit.

Lower fees

YOU are NEVER going to pay lower fees.

 

[Toddsterpatriot]

The default rate says you're a liar or a moron.

The default rate with higher balances equals more money in default. That loss is passed to consumers.

The default rate with higher balances equals more money in default.

The low default rate with higher balances equals more profit.

Higher balances + low default = higher fees passed on to the consumer for higher profit.

Lower fees

YOU are NEVER going to pay lower fees.

DURR

 

[HereWeGoAgain]

The default rate says you're a liar or a moron.

The default rate with higher balances equals more money in default. That loss is passed to consumers.

The default rate with higher balances equals more money in default.

The low default rate with higher balances equals more profit.

Higher balances + low default = higher fees passed on to the consumer for higher profit.

Lower fees

YOU are NEVER going to pay lower fees.

I just show my White Privilege card and get 50% off everything.