Is the June US Jobs Report Hiding The True State of the Economy?
- Thread starter The_Krakenite
- Start date
This chart from the video really caught my eye. The discrepancy between these two ways of "calculating" the employment rate cannot be ignored. Its almost like they are hell bent on raising rates a bit more. Perhaps they need to be at a higher rate so that when all goes to hell, they actually have room to drop again without going negative.
"If you are not looking for a job you are not counted as unemployed".
Uhhhh yeah. Nothing new. Should BLS send canvasser to anyone who is no longer reporting to see whether or not they actually got a job? That would employ a lot of folks. What'd think?
Loves these internet experts (and cable TV talking heads, talkin' about you Cramsky) who don't want to believe this report or that one but say nothing about the prior 20 reports.
Uhhhh yeah. Nothing new. Should BLS send canvasser to anyone who is no longer reporting to see whether or not they actually got a job? That would employ a lot of folks. What'd think?
Loves these internet experts (and cable TV talking heads, talkin' about you Cramsky) who don't want to believe this report or that one but say nothing about the prior 20 reports.
Correct. The signs of a recession were already there when they began raising rates. They must raise quickly so they can very slowly lower rates all through the recession and appear as if they haven't lost control. What other choice did they have?
Everything is hunky dory per the hacks on CNBC and Bloomberg. Joe Biden and his top economic advisers say the same thing. Inflation is coming down and there will be no recession. Lost in all that is the report that atleast, 5 million barrels of oil from the US strategic reserve was sent to Europe. An undetermined amount of oil too was sent to China of all places. Now, all these oil was paid by US taxpayers yet, the US strategic oil reserves are being bled down to empty and nobody is even questioning it? If the price of oil has gone down recently, my suspicion is this has something to do with it and part of the manipulation to make everything look perfect with the US midterm elections looming 4 months time. At some point, there is not going to be enough oil to flood the oil market and make it seem that oil is cheaper than it actually, is. Then, the fun begins.
Recession? What recession? The boom slowed considerably. That's at least what you should be thinking as a trader. Doom and gloom is for entertainment. Everyone privately thinks the X bubble going to burst and yada yada but if you thought so as an investor you'd have missed out big parts of the last xy years of bull market.
Am seeing in my travels more and more small businesses closed their doors for lack of employees. Young people never went back to work.
Average age of truck drivers is 48.2 yo.
https://www.zippia.com/professional-truck-driver-jobs/demographics/
So young people feeding off parents, I see more and more retired people working jobs younger use to do. At Taco Bell 72yo took my order, use to be after 55yo people had tough time getting a job. But now more places hiring older who show up to work and actually do better job than younger.
We can expect every government report to be crock of shit. Just go to grocery with $50 and see what kind of dinner you can serve for family of four or go to gas station with $50 and how empty it still is.
It don't take much to see how low we are with no hope insight.
But bank and insurance CEO's will always be making huge bonuses.
Average age of truck drivers is 48.2 yo.
https://www.zippia.com/professional-truck-driver-jobs/demographics/
So young people feeding off parents, I see more and more retired people working jobs younger use to do. At Taco Bell 72yo took my order, use to be after 55yo people had tough time getting a job. But now more places hiring older who show up to work and actually do better job than younger.
We can expect every government report to be crock of shit. Just go to grocery with $50 and see what kind of dinner you can serve for family of four or go to gas station with $50 and how empty it still is.
It don't take much to see how low we are with no hope insight.
But bank and insurance CEO's will always be making huge bonuses.
Income disparity, inequality, will only get worse as time progresses.
It use to be about the 99% versus the 1%....now it's going to be the 99.6% versus the .4% who controls a significantly more amount of everything.
The only people who are making money are the tech executives and employees, and finance executives. and the social media influencers.
Everyone else are essentially complete zombie, cattle, sheep slaves of society, and humanity.
It's just a matter of time before the discussion....is about the 99.9%.....versus the .1%. And that's when this world and unrest will turn into complete shat.
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3 million Indians are living in USA. All the scam data and reports for the American dream