The Economy

[lessOHmo]

https://twitter.com/x/status/1867773116510048396

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zerohedge

@zerohedge

Shock: Philly Fed finds US state employment in Q2 was "significantly" lower than official figures published by Biden's Bureau of Labor Statistics. The lie is staggering: in Q2 jobs declined by 0.1%, while Biden's dept of economic propaganda reported a 1.1% increase

 

[MajorRewrite]

U.S. Manufacturing Sector Slashed 26,000 Jobs in November as Industry Woes Persist​

by Ava Grace, Natural News
December 14, 2024

• The U.S. manufacturing industry shed 26,000 jobs in November, following a loss of 19,000 jobs in October
• Private employers added 146,000 jobs in November, falling short of analysts’ expectations of 150,000, with goods-producing industries showing only a 6,000-job gain.
• Manufacturing was the weakest sector, and another report highlighted that the industry has been contracting for eight consecutive months.
• The manufacturing sector faces ongoing challenges, including sluggish global growth, high financing costs, and uncertain U.S. policy, which may persist into 2025.
• Despite manufacturing struggles, the U.S. economy is projected to grow at a 3.2 percent annual rate in the fourth quarter, with annual pay growth increasing by 4.8 percent.

https://economiccollapse.report/u-s...00-jobs-in-november-as-industry-woes-persist/

Bidenomics

There are more US manufacturing jobs now than at any point during Trump’s administration. ️

https://data.bls.gov/timeseries/CES3000000001

And this part of your post is very encouraging. Thanks!

• the U.S. economy is projected to grow at a 3.2 percent annual rate in the fourth quarter, with annual pay growth increasing by 4.8 percent.

 

[MajorRewrite]

November retail sales top Wall Street's expectations

Retail sales rose 0.7% in November. Economists had expected a 0.6% rise in spending, according to Bloomberg data. Meanwhile, retail sales in October were revised up to a 0.5% increase from a prior reading that showed a 0.4% increase in the month, according to Census Bureau data. A 2.4% month-over-month increase in motor vehicle and auto parts sales, as well as a 1.8% increase in online sales, drove the gains.

The economy continues to show strength, despite the MAGAs pretending everything is terrible.

 

[Rotadom]

Rightguide is already making excuses for when trump drives us into a recession like the last few MAGAt presidents before him.

 

[MajorRewrite]

Fed cuts rates by quarter point, scales back cuts for 2025

The consensus among Fed officials is for two rate cuts next year, down from four previously forecast in September.

The Fed expects to be cautious going forward because of the potential inflationary impact of Trump policies.

 

[DeluxAuto]

Have MAGAts started blaming trump for this free fall the same way they have him credit after the election?

The Dow has fallen for 10 days in a row, the first time it has had a losing streak that long since September 20 through October 4, 1974, when the index fell for 11 sessions in a row. Until Wednesday's plunge, the Dow had fallen as the broader markets remained strong.

 

[UltraChad]

Have MAGAts started blaming trump for this free fall the same way they have him credit after the election?

The Dow has fallen for 10 days in a row, the first time it has had a losing streak that long since September 20 through October 4, 1974, when the index fell for 11 sessions in a row. Until Wednesday's plunge, the Dow had fallen as the broader markets remained strong.

He's not POTUS, why should we?

 

[DeluxAuto]

He's not POTUS, why should we?

Appreciate you admitting to being a brainless MAGAt.

Because, since you can't read for shit, you have him credit when he wasn't president.

You have the reasoning skills of a turnip.

 

[MajorRewrite]

Have MAGAts started blaming trump for this free fall the same way they have him credit after the election?

The Dow has fallen for 10 days in a row, the first time it has had a losing streak that long since September 20 through October 4, 1974, when the index fell for 11 sessions in a row. Until Wednesday's plunge, the Dow had fallen as the broader markets remained strong.

The markets’ dip is partially the result of China’s anti-monopoly investigation of Nvidia, which was a preliminary shot in the coming trade war. The message from China is FAFO.

So it’s reasonable to put some blame on Trump.

But the day-to-day movement of the markets is meaningless.

 

[UltraChad]

REEEEE!!!! MAGAt. REEEEEEEEEEE!!!!!! YOU DUMB ME SMART!!! REEEEEEEEEEEEEEEEEEEEEEEEEE!!!!

Cool story bro!!

 

[DeluxAuto]

The markets’ dip is partially the result of China’s anti-monopoly investigation of Nvidia, which was a preliminary shot in the coming trade war. The message from China is FAFO.

So it’s reasonable to put some blame on Trump.

But the day-to-day movement of the markets is meaningless.

It's much more reasonable to blame trump for the drop given the facts of your post than to give him credit for anything.

Bot is not a reasonable person.

 

[DeluxAuto]

Another one for economic illiterates to ponder.

 

[MajorRewrite]

Upward revision, which the MAGAs say never happens (they are economically illiterate).

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.

Third-quarter growth in U.S. gross domestic product — the economy's output of goods and services — accelerated from the April-July rate of 3% and continued to look sturdy despite high interest rates, the Commerce Department said Thursday. GDP growth has now topped 2% in eight of the last nine quarters.

 

[RobDownSouth]

Rightguide is already making excuses for when trump drives us into a recession like the last few MAGAt presidents before him.

The MAGA playbook is already in action!

 

[Rotadom]

The MAGA playbook is already in action!

The playbook is kindling for the upcoming dumpster fire.

 

[RobDownSouth]

The playbook is kindling for the upcoming dumpster fire.

Anecdotally, it would seem titular president-elect trump will be facing the next pandemic in the first year of his latest regime unlike last time.

Some guy in Louisiana was tasked with shoveling up and disposing of a flock of dead birds who succumbed to the avian H5N1 "bird flu".....and somehow it mutated and now he's in quarantine with the first verified human case of bird flu. No telling if (or more likely...how many folks) he infected people he came into contact with.

 

[Deleted member 6873114]

https://citizenwatchreport.com/us-banks-experiencing-rising-unrecoverable-debt/#google_vignette
The banks are having trouble?.... Imagine that...

In reality the global economy is a house of cards. The music will stop and there will not be enough chairs. That is when the economic collapse will erupt. Don't be fooled by the calm before the storm. The global debt load is the biggest problem,

 

[Rightguide]

Retail

Published December 18, 2024 3:11pm EST

Retail theft surges 93% since before COVID-19 pandemic: 'Retailers have not been crying wolf'​

There were an average of 177 shoplifting incidents per day in 2023​

By Daniella Genovese FOXBusiness

The average number of shoplifting incidents jumped 93% in 2023 compared with pre-pandemic times and monetary losses for retailers have risen 90%, according to the nation's largest retail trade group.

With its "Impact of Retail Theft & Violence 2024" study, the National Retail Federation (NRF) is highlighting the severity of this issue. For instance, despite the continuous efforts by retailers to combat such crimes and a growing number of states that have updated their laws to prosecute organized retail crime as felonies, the number of retail theft incidents continues to climb.

According to the data from the report, conducted in partnership with the Loss Prevention Research Council, incidents have jumped 26% in 2023 from the prior year.

"This isn't what we were used to. This isn't the shoplifting I was apprehending 30 years ago," David Johnston, NRF vice president of asset protection and retail operations, told FOX Business. "These are people who are shoplifting because they know when they have an outlet to sell this merchandise to."

https://www.foxbusiness.com/lifesty...-pandemic-retailers-have-not-been-crying-wolf

Bidenomics and Biden promoted law enforcement.

 

[Rotadom]

Anecdotally, it would seem titular president-elect trump will be facing the next pandemic in the first year of his latest regime unlike last time.

Some guy in Louisiana was tasked with shoveling up and disposing of a flock of dead birds who succumbed to the avian H5N1 "bird flu".....and somehow it mutated and now he's in quarantine with the first verified human case of bird flu. No telling if (or more likely...how many folks) he infected people he came into contact with.

In California , they just issued a state of emergency for bird flu

 

[Rotadom]

Bidenomics and Biden promoted law enforcement.

Currently, BIDENOMICS is so good that MAGAts are trying to take credit for it.

Plus, we still have the strongest economy in the world and those corporations that are claiming theft have been making record profits.

Hard to be profitable when you're being stolen from. Someone is lying

 

[MajorRewrite]

Retail

Published December 18, 2024 3:11pm EST

Retail theft surges 93% since before COVID-19 pandemic: 'Retailers have not been crying wolf'​

There were an average of 177 shoplifting incidents per day in 2023​

By Daniella Genovese FOXBusiness

The average number of shoplifting incidents jumped 93% in 2023 compared with pre-pandemic times and monetary losses for retailers have risen 90%, according to the nation's largest retail trade group.

With its "Impact of Retail Theft & Violence 2024" study, the National Retail Federation (NRF) is highlighting the severity of this issue. For instance, despite the continuous efforts by retailers to combat such crimes and a growing number of states that have updated their laws to prosecute organized retail crime as felonies, the number of retail theft incidents continues to climb.

According to the data from the report, conducted in partnership with the Loss Prevention Research Council, incidents have jumped 26% in 2023 from the prior year.

"This isn't what we were used to. This isn't the shoplifting I was apprehending 30 years ago," David Johnston, NRF vice president of asset protection and retail operations, told FOX Business. "These are people who are shoplifting because they know when they have an outlet to sell this merchandise to."

https://www.foxbusiness.com/lifesty...-pandemic-retailers-have-not-been-crying-wolf

Bidenomics and Biden promoted law enforcement.

The federal government has nothing to do with enforcement or prosecution of fucking shoplifting.

Comrade RightGuide is comically moronic.

On the other hand, “Bidenomics” successfully supported retail sales coming out of the pandemic, which was the foundation of America’s best-in-the-world economic recovery. ️

 

[Rotadom]

The federal government has nothing to do with enforcement or prosecution of fucking shoplifting.

Comrade RightGuide is comically moronic.

On the other hand, “Bidenomics” successfully supported retail sales coming out of the pandemic, which was the foundation of America’s best-in-the-world economic recovery. ️

This guy has more posts proven to be demonstrably false than factual ones.

 

[DeluxAuto]

Trump is set to inherit a ‘strong’ economy. But his and Musk’s decisions already hint at ‘economic disaster,’ critics say

BY THE ASSOCIATED PRESS
December 20, 2024 at 10:42 AM PST

The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.

The Dow Jones stock index essentially ended Thursday flat after having posted 10 days of losses. The Federal Reserve now sees inflation as staying stubbornly elevated as it has become cautious about further interest rate cuts planned for next year.

 

[UltraChad]

Trump is set to inherit a ‘strong’ economy. But his and Musk’s decisions already hint at ‘economic disaster,’ critics say

BY THE ASSOCIATED PRESS
December 20, 2024 at 10:42 AM PST

The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.

The Dow Jones stock index essentially ended Thursday flat after having posted 10 days of losses. The Federal Reserve now sees inflation as staying stubbornly elevated as it has become cautious about further interest rate cuts planned for next year.

Hmmm...... listening to welfare queens that have never produced anything of value complain about how people with actual experience in the economy are going to ruin the economy.

I suppose you also take dating advice and or marriage counseling from a thrice divorced 45 y/o single mom of 4 with 5 baby daddiez??

 

[DeluxAuto]

Hmmm...... listening to welfare queens that have never produced anything of value complain about how people with actual experience in the economy are going to ruin the economy.

I suppose you also take dating advice and or marriage counseling from a thrice divorced 45 y/o single mom of 4 with 5 baby daddiez??

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