Good short essay on the broken corporate oligarchy that is the US healthcare system, and observation on regulatory capture.

bear2034 said:

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DiabloWags said:

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More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

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Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.

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You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?

bear2034 said:

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DiabloWags said:

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bear2034 said:

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DiabloWags said:

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More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

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Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.

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You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?

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Not really, you guys were the ones parroting fake and misleading economic data including jobs numbers related to the pandemic and recovery.

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Provide an example

DiabloWags said:

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dajo9 said:

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bear2034 said:

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DiabloWags said:

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bear2034 said:

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DiabloWags said:

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More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

---

Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.

---

You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?

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Not really, you guys were the ones parroting fake and misleading economic data including jobs numbers related to the pandemic and recovery.

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Provide an example

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He can't.

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Here's another one that your buddy just posted:

https://bearinsider.com/forums/6/topics/122505/1

NEW: Black undecided voters in Georgia say the economy was better under Donald Trump, think Kamala Harris is weak.

The focus group was conducted by Daily Mail pollster J.L. Partners' James Johnson.

The voters voiced their concerns that Harris is a "weak" leader who keeps… pic.twitter.com/RepUj7QM6n

— Collin Rugg (@CollinRugg) September 20, 2024

Layoffs soared in August, hitting their highest total in 15 years, while year-to-date hiring hit the lowest in 19 years of a Challenge, Gray & Christmas survey.

— unusual_whales (@unusual_whales) September 20, 2024

The greatest economy of the 21st century, so far, rages on. 254,000 new jobs in September. 4% annualized wage gains - well above inflation.

Also, they admitted that they did not count 72k jobs in July and August that have been added to the jobs report.

Wowza: HUGE jobs report.

September payrolls grew +254k, well above expectations.

August payrolls revised up +17k to +159k, and July revised up +55k to +144k.

Unemployment fell to 4.1%

This economic expansion that is motoring along.

— Justin Wolfers (@JustinWolfers) October 4, 2024

Moving away from propaganda, this is my personal view from the data I am seeing (not just articles but from economists and sell-side analysts at banks).

Currently at the lower part of the wave in cyclical industries, especially those involved in EV and overall manufacturing and with challenges from demand and isolationism in China somewhat offset by other high growth markets (China is no longer viewed as high growth market). Lower government spending with election coming up. Insider sentiments are that markets would do slightly better with a Trump election with less regulation but risk of more tariffs and chaos with Trump as well. More risks from potential oil price hitting high numbers due to Middle East conflicts. However, still no strong consumer or market support for electrification. Despite job report, still a soft market for high paying jobs. Attrition is down as people are afraid of leaving jobs, reducing wage increase in professional and white collar roles More and more companies doing restructuring to contain costs in light of uncertainty on the top line revenue. Still uncertainty on inflation, although not a big risk especially with reduced risk of supply chain constraints from unions. Oil may be a pain point for consumers. Tech companies like Google had previously dedicated almost all resources to AI but that is slowing. AI investment focus continues, although efficiency in spending on AI is getting more attention. After initial rate drop, interest rates are creeping back up slightly. Still a challenging environment for consumers with high debt loads. Mixed bag.

dajo9 said:

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The greatest economy of the 21st century, so far, rages on. 254,000 new jobs in September. 4% annualized wage gains - well above inflation.

Also, they admitted that they did not count 72k jobs in July and August that have been added to the jobs report.

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I wouldn't use the word "admitted".
That's misleading.

Monthly jobs numbers are always subjected to revision.

At the end of the day, 254,000 was a significant "beat" on the Dow Jones economist consensus at 150,000.
The median estimate based on 25 estimates collected by FactSet was 140,000.

This is a BLOWOUT number and may make the Fed somewhat hesitant to aggressively cut rates between now and year end as had been expected.

DiabloWags said:

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dajo9 said:

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The greatest economy of the 21st century, so far, rages on. 254,000 new jobs in September. 4% annualized wage gains - well above inflation.

Also, they admitted that they did not count 72k jobs in July and August that have been added to the jobs report.

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I wouldn't use the word "admitted".
That's misleading.

Monthly jobs numbers are always subjected to revision.

At the end of the day, 254,000 was a significant "beat" on the Dow Jones economist consensus at 150,000.
The median estimate based on 25 estimates collected by FactSet was 140,000.

This is a BLOWOUT number and may make the Fed somewhat hesitant to aggressively cut rates between now and year end as had been expected.

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That's just me trolling the MAGAts. Every time there is a downward revision they use the word "admitted" because, as you say, it is misleading.

The greatest economy of the 21st century has delivered another 0.4% bump in retail sales. Our economy is the envy of the world. We couldn't have done it without the influx of migrants who filled the jobs needed as Boomers retired. Thank you President Biden, who will likely go down as the best President of our lifetimes.

https://www.cnbc.com/2024/10/17/retail-sales-rose-0point4percent-in-september-better-than-expected-jobless-claims-dip.html

That's very interesting, if true. You do realize that you are extreme outliers in your party? And the fact remains that Trump is still in the race because his base would vote for him under any circumstances. Look at the efforts now to explain how the 40 minute dance break was a genius move on his part, and has nothing to do with his mental acuity.

And you still manage to parrot tribalistic commentary about Kamala. A large amount of what you declare is essential copy paste talking points from the Trump War Room.

Some bad kids can be good, but often times the good was a one off, and they return to their bad behaviors pretty quickly.

You need to stop pretending you know anything about me. I get out plenty.

And I guess your flippent jerk response will have to masquerade as a substantive reply to my post.

Update:

The Fed's Atlanta GDPNow forecast for Q3 is at 3.4%

Meanwhile, prices continue to ease.

bear2034 said:

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DiabloWags said:

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bear2034 said:

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I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

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A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.

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Oh, so you do understand that things like natural disasters, pandemics, and government shutdowns affect jobs numbers.

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And inflation. But you can't figure that part out.

bear2034 said:

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dajo9 said:

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bear2034 said:

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DiabloWags said:

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bear2034 said:

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I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

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A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.

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Oh, so you do understand that things like natural disasters, pandemics, and government shutdowns affect jobs numbers.

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And inflation. But you can't figure that part out.

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Under Trump, the poverty rate tanked. Under Harris, it skyrocketed. pic.twitter.com/6kSAfT1m3U

— End Wokeness (@EndWokeness) November 2, 2024

And more poverty.

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You don't understand economics. Under the inflationary, economy saving giveaways, poverty tanked. It's all part of covid and President Biden returning our economy to strength from chaos.

dajo9 said:

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bear2034 said:

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DiabloWags said:

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bear2034 said:

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I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

---

A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.

---

Oh, so you do understand that things like natural disasters, pandemics, and government shutdowns affect jobs numbers.

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And inflation. But you can't figure that part out.

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Again, Bear1234 isn't the sharpest "tool" in the shed.
We already know that.

Came across this basket of organic strawberries at Lunardi's Market today.
Must be Biden's fault.

Don't forget that 46,000 American manufacturing jobs were lost per the latest disastrous jobs report.