Are we going to shit?

[piezoe]

We are already in shit. Whether it gets rosier or shittier from here is all up to Powell.

this is just the beginning

 

[piezoe]

Trump had the lowest unemployment rate in the whole history of the US

wrong!

 

[guest_trader_1]

wrong!

Sauce: https://historyinpieces.com/research/us-unemployment-rates-president

 

[NCC1701]

View attachment 298677

Sauce: https://historyinpieces.com/research/us-unemployment-rates-president

very misleading graphic, averaging over trumps whole presidency includes initial covid shutdown. without that likely he would have the best or close to best average

 

[SunTrader]

What's misleading is, if any credit is given to a President (don't know why really), then the prior President should get some for leaving things in better shape than they came in - if they did.

But when it is a change in parties, extremely biased politics can't let folks do that.

 

[nrstrader]

Ultimately, I am pretty sure this is mostly demographics and caused by aging baby boomers
https://fred.stlouisfed.org/series/CIVPART

The trend was happening well before Covid and would have to think that is mostly baby boomers retiring.

There aren't enough restaurant and hotel workers because there are too many hotels and restaurants . That could probably be said about most sectors.

I can't even remember the last time there was a major bankruptcy. This is an economy with a high percent of redundant capacity zombie companies bitching that there are not enough workers.

A side effect of a decade plus with capital being far too cheap so that even people who couldn't operate a garage sale are now "entrepreneurs" .

People need to get off their a$$ and fucking work or build robots to produce stuff!! That's the only way to curb inflation. Monetary policies can only do so much.

 

[Wide Tailz]

Stop making so much money Ken. You're going to ruin it for the rest of us if you keep flaunting it so much.

 

[NCC1701]

Ultimately, I am pretty sure this is mostly demographics and caused by aging baby boomers
https://fred.stlouisfed.org/series/CIVPART

The trend was happening well before Covid and would have to think that is mostly baby boomers retiring.

There aren't enough restaurant and hotel workers because there are too many hotels and restaurants . That could probably be said about most sectors.

I can't even remember the last time there was a major bankruptcy. This is an economy with a high percent of redundant capacity zombie companies bitching that there are not enough workers.

A side effect of a decade plus with capital being far too cheap so that even people who couldn't operate a garage sale are now "entrepreneurs" .

I agree, although we are back to the same total number of people working, the demographic bomb is going off. I will add though that the attitudes of gen z and the younger cohort are not exactly encouraging. Parents and schools are failing

 

[TheDawn]

Ultimately, I am pretty sure this is mostly demographics and caused by aging baby boomers
https://fred.stlouisfed.org/series/CIVPART

The trend was happening well before Covid and would have to think that is mostly baby boomers retiring.

There aren't enough restaurant and hotel workers because there are too many hotels and restaurants . That could probably be said about most sectors.

I can't even remember the last time there was a major bankruptcy. This is an economy with a high percent of redundant capacity zombie companies bitching that there are not enough workers.

A side effect of a decade plus with capital being far too cheap so that even people who couldn't operate a garage sale are now "entrepreneurs" .

All the more reason why we need to build more robots. We should see what is depicted in the movie "I, Robot" happening irl.

 

[TheDawn]

View attachment 298677

Sauce: https://historyinpieces.com/research/us-unemployment-rates-president

How did Ford had so high of unemployment? Was it because of Nixon?