There are a ton of jobs. I'm looking after a break, the spots i'm looking for have hundreds to thousands of applicants now after a couple days....a month ago...double digits. IT stuff
Rumor has it 2-3 job openings for every unemployed worker. Spin it however you want it.
If correct then the FED's effort to tame inflation by driving down demand (less workers needed) with higher interest rates is failing. I personally think the future holds higher unemployment numbers.
Neither of you answer a direct question if it doesn't jive with your standard bs. This isn't a discussion or conversation and there's little value in continuing it, so I won't.
We've learned a lot from derryb.
Learned a lot would be a stretch. However, I'm pretty certain I learned from him what not to do. RGDS!
remind me which one of us cries over their silver decisions?
You certainly are the self proclaimed gutter king. RGDS!
P.S. Break even may finally be on the horizon.........not!
Break even? lol
Just sold a monster box to JM Bullion for 2.1 times what I paid for it in 2008.
If you'd simply close the gutter mouth and open the gutter ears you wouldn't be deep in the hole with silver.
@derryb said:
Appears the FED has a new, additional mandate: reduce jobs.
In an effort to reduce demand (and ultimately prices) "Intended" consequences of raising interest rates:
Wow the companies that rule the world. Layoffs at producers of nothing and hiring freeze on producers of shiny gadgets. Go figure. LOL
a lost job is a lost job, even if it one talking trash.
That's funny because when we discussed new job creation over the last years you always belittled these jobs as "burger flippers".
twisting words again, you're still not good at it.\
I have on many occasions addressed food service job creation as not being a good indicator of solid footing in celebrated jobs numbers. Many of these jobs are temporary, at the low end of the pay scale and are held as second jobs by those needing income. To say jobs are up 10% when most of them fall into that category does not paint a good picture for an improvement in the economy no matter how the politicians try to spin it. An improvement in what is often temporary jobs is simply a temporary improvement in employment figures.
Just sold a monster box to JM Bullion for 2.1 times what I paid for it in 2008.
If you'd simply close the gutter mouth and open the gutter ears you wouldn't be deep in the hole with silver.
5% per year. Yay!!
Your buddy guttermouth would kill for such a return on silver. LOL
Walmart reports strong earnings which were actually a loss when opioid settlement is subtracted. 8% or so growth in revenue yoy, which is about the rate of inflation over the period. It is reported that wealthier shoppers are now going to Walmart to buy food. The less wealthy shoppers are buying less or substituting, or alternatively running up their credit card debts. Then today Target reports 50% reduction in earnings, weak revenues now and going forward. The typical Target shopper has apparently moved on to Walmart. The good news....Target reported that shoplifting in their stores is up by 50%, which reduces the effects of inflation on a select group of shoppers.
Amazon and FedEx are laying off massive numbers of employees before the busiest shopping season of the year. What do you think that means? Certainly not a sign of a "fixed" economy.
Payroll employment increases by 263,000 in November; unemployment rate unchanged at 3.7%
Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing.
Does this mean that most other assets are too much risk? If so then then the economy is not a good bet and the FED is far from solving most any of the problems. LOL
Does this mean that most other assets are too much risk? If so then then the economy is not a good bet and the FED is far from solving most any of the problems. LOL
Economy is doing just fine, too good for the fed obviously.
One of the things I do for fun is do swing trades in the stock market. Right now everyone is complacent, thus the low VIX. Look at a chart of the VIX. Compare that chart to the DJIA or SPX and you will see a correlation. Looking to go long and on margin when there is fear in the market.
As to another assets. I hold a large inventory of coins. We also hold long positions in many stocks in different accounts.
None of the 5 original choices work for me. I am positive on the stock market for the next 3 weeks but moderately bearish on stocks for the next 6 months. Slightly bullish on gold, silver and copper. I think interest rates (10 yr Tsy) have peaked, but likely will push a bit higher before resuming a decline to below 3 %.
The economy will almost certainly have a recession next year, severity to be determined.
Bitcoin might be a good or a short-term trade. Even though it only has value because people think it has value. I am positive because it has held up well recently with horrid news.
"The implication is straightforward. To wit, the Fed doesn’t need a pro-inflation target of 2.00% per annum. Nor does it need any of its other macroeconomic targets for unemployment, jobs growth, actual versus potential GDP or the rest of the Keynesian policy apparatus. All of those variables are the job of the people interacting on the free market, producing whatever outcomes their collective actions happened to generate."
"The implication is straightforward. To wit, the Fed doesn’t need a pro-inflation target of 2.00% per annum. Nor does it need any of its other macroeconomic targets for unemployment, jobs growth, actual versus potential GDP or the rest of the Keynesian policy apparatus. All of those variables are the job of the people interacting on the free market, producing whatever outcomes their collective actions happened to generate."
Lol. I hope folk actually read this nonsense.
For what he states is that all we need to combat inflation are massive boom and bust cycles. A few global wars and drought can do an economy good. Yeah!!! Bring it on baby. Haha.
Those of you who own hens... get them working harder! We need more eggs! Last I looked a week or so ago, they were around $4.50 a dozen or so, perhaps down just a bit. But supply does seem to be increasing a little more. For awhile, they were nearly bare.
@DNADave said:
Eggs are $9.00 a dozen today. So no Saturday morning bacon and eggs now. Looks like the new normal until I get some chickens.
Best cure for high prices is high prices.
Does this work for narcissism?
Obviously doesn't for ignorance.
But, where is the economy? Seems everyone still has a job, car and home prices are softening a little, energy prices are lower. All good things for the consumer, no?
At last count I've lived through at least six good recessions. I've been selling coins nationally since 1962. 61 years.
In a nutshell, no matter what you call it, we have significant inflation. 8.7% for my SS bump or maybe 32% According to Martin Armstrong. The bottom line is it's beating a lot of people up.
The only way that I see it being successfully dealt with is for the FED to raise rates above the 'inflation' rate'. To have the FED rate at 4.5% just fuels more inflation.
If the FED were to raise the rate to the equal of what .gov(8.7%) says is our inflation, well, we're sunk.
I expect either coming layoffs with FED increases or wild inflation if FED rates are still kept close to what they are. 2008-9 may look like child's play. It's either/or.
YES, THE PROCEEDS FROM ALL THE OIL SOLD FROM THE STRATEGIC PRESERVE WERE FACTORED INTO THE GDP. VERY CLEVER MOVE.
So GDP increased by $415 billion and you account for that via SPR sales?
The average price of oil in the 3rd qtr was about $90. So oil sales would have amounted to about 4.6 billion barrels, or over 1 full year of US oil production.
Oil reserve sales were about 150 million barrels, or about 2 weeks of US production.
Typing in all capital letters still does not make your comment factual.
No I don't account for the 415B by spr sales. Do not ever twist what I say to fit your narrative.
It's just an indicator of another clever move by .gov.
Kelly you and I both know that the definition of inflation has changed so much in the last 40yrs that the current 8.7% is not anywhere near what is correct if you were to use older definitions that continuously evolved to lesson .gov financial obligation to SS.
Comments
There are a ton of jobs. I'm looking after a break, the spots i'm looking for have hundreds to thousands of applicants now after a couple days....a month ago...double digits. IT stuff
If correct then the FED's effort to tame inflation by driving down demand (less workers needed) with higher interest rates is failing. I personally think the future holds higher unemployment numbers.
Give Me Liberty or Give Me Debt
I'm in the economy gets worse,however slight,before it gets better camp. And will make adjustments with that belief in mind.
off to the races
5% per year. Yay!!
Knowledge is the enemy of fear
That's funny because when we discussed new job creation over the last years you always belittled these jobs as "burger flippers".
Knowledge is the enemy of fear
Finally getting a pop in metals. The US dollar to the rescue!!
Knowledge is the enemy of fear
twisting words again, you're still not good at it.\
I have on many occasions addressed food service job creation as not being a good indicator of solid footing in celebrated jobs numbers. Many of these jobs are temporary, at the low end of the pay scale and are held as second jobs by those needing income. To say jobs are up 10% when most of them fall into that category does not paint a good picture for an improvement in the economy no matter how the politicians try to spin it. An improvement in what is often temporary jobs is simply a temporary improvement in employment figures.
Give Me Liberty or Give Me Debt
Your buddy guttermouth would kill for such a return on silver. LOL
Give Me Liberty or Give Me Debt
Amazing the timing of such things isn't it?. Perhaps one day the sheep will awake. RGDS!
The whole worlds off its rocker, buy Gold™.
Walmart reports strong earnings which were actually a loss when opioid settlement is subtracted. 8% or so growth in revenue yoy, which is about the rate of inflation over the period. It is reported that wealthier shoppers are now going to Walmart to buy food. The less wealthy shoppers are buying less or substituting, or alternatively running up their credit card debts. Then today Target reports 50% reduction in earnings, weak revenues now and going forward. The typical Target shopper has apparently moved on to Walmart. The good news....Target reported that shoplifting in their stores is up by 50%, which reduces the effects of inflation on a select group of shoppers.
Even gutter stackers need to eat. RGDS!
The whole worlds off its rocker, buy Gold™.
Recession is postponed for now
https://thehill.com/homenews/ap/ap-business/ap-us-revises-up-last-quarters-economic-growth-to-2-9-rate/
Successful BST transactions (as a buyer) with @ArchStanton, @JGnumismatics, @r00kies101, @derryb, @76collector, @Pachucko, @brendanlam, @Coll3ctor. I am looking for fractional gold Krugerrands, by year: 0.5oz: 2014, 2020, 2023 | 0.25oz: 1992, 1994, 2002, 2020, 2023 | 0.10oz: 1990, 1992, 1994, 2010, 2020-2021
full speed ahead
Amazon and FedEx are laying off massive numbers of employees before the busiest shopping season of the year. What do you think that means? Certainly not a sign of a "fixed" economy.
Give Me Liberty or Give Me Debt
Payroll employment increases by 263,000 in November; unemployment rate unchanged at 3.7%
Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing.
https://www.bls.gov/news.release/empsit.nr0.htm
Successful BST transactions (as a buyer) with @ArchStanton, @JGnumismatics, @r00kies101, @derryb, @76collector, @Pachucko, @brendanlam, @Coll3ctor. I am looking for fractional gold Krugerrands, by year: 0.5oz: 2014, 2020, 2023 | 0.25oz: 1992, 1994, 2002, 2020, 2023 | 0.10oz: 1990, 1992, 1994, 2010, 2020-2021
Tyler: "It's settled then: the BLS plans on pretending there is no recession until the Fed pushes the economy into a depression."
Give Me Liberty or Give Me Debt
"Boomin" aka "PHAT™" LG!!!
The whole worlds off its rocker, buy Gold™.
Watching with my popcorn. Hope the Dollar weakens very slowly over the next 20 years. Then I am good.
100% Positive BST transactions
Cash is KING.
VIX tells me to be in cash.
Does this mean that most other assets are too much risk? If so then then the economy is not a good bet and the FED is far from solving most any of the problems. LOL
Give Me Liberty or Give Me Debt
Economy is doing just fine, too good for the fed obviously.
One of the things I do for fun is do swing trades in the stock market. Right now everyone is complacent, thus the low VIX. Look at a chart of the VIX. Compare that chart to the DJIA or SPX and you will see a correlation. Looking to go long and on margin when there is fear in the market.
As to another assets. I hold a large inventory of coins. We also hold long positions in many stocks in different accounts.
Bought 5 different stocks and a coin today.
Still have some dry powder plus margin if needed.
None of the 5 original choices work for me. I am positive on the stock market for the next 3 weeks but moderately bearish on stocks for the next 6 months. Slightly bullish on gold, silver and copper. I think interest rates (10 yr Tsy) have peaked, but likely will push a bit higher before resuming a decline to below 3 %.
The economy will almost certainly have a recession next year, severity to be determined.
Bitcoin might be a good or a short-term trade. Even though it only has value because people think it has value. I am positive because it has held up well recently with horrid news.
I parked some funds into 3 & 6 month treasury bills...currently paying around 4.5% .. State income tax exempt.
I continue to buy more dollar insurance.
Give Me Liberty or Give Me Debt
Fed is right on track.
Buy stocks on dips.
Just as they have been since they blew up the economy in 2008. LOL
Give Me Liberty or Give Me Debt
Liars figure and figures lie.
Fed Admits US Jobs "Overstated" By At Least 1.1 Million
Give Me Liberty or Give Me Debt
More government wasteful spending! We need better!
I’m still looking for my trillion dollar handout coin. Have you seen it?
BINGO! I feel worse already.
What Inflation Would Look Like in a True Free-Market Economy.
"The implication is straightforward. To wit, the Fed doesn’t need a pro-inflation target of 2.00% per annum. Nor does it need any of its other macroeconomic targets for unemployment, jobs growth, actual versus potential GDP or the rest of the Keynesian policy apparatus. All of those variables are the job of the people interacting on the free market, producing whatever outcomes their collective actions happened to generate."
Give Me Liberty or Give Me Debt
Eggs are $9.00 a dozen today. So no Saturday morning bacon and eggs now. Looks like the new normal until I get some chickens.
If you're serious start here:
https://www.backyardchickens.com/
RGDS!
The whole worlds off its rocker, buy Gold™.
Best cure for high prices is high prices.
Knowledge is the enemy of fear
Lol. I hope folk actually read this nonsense.
For what he states is that all we need to combat inflation are massive boom and bust cycles. A few global wars and drought can do an economy good. Yeah!!! Bring it on baby. Haha.
Knowledge is the enemy of fear
Time to change stores....
This is my store in the Washington DC metro area: Giant Food latest offering for eggs...... $2.99 EACH
Giant Large White Eggs
edited to indicate 1 dozen eggs
Does this work for narcissism?
Give Me Liberty or Give Me Debt
Those of you who own hens... get them working harder! We need more eggs! Last I looked a week or so ago, they were around $4.50 a dozen or so, perhaps down just a bit. But supply does seem to be increasing a little more. For awhile, they were nearly bare.
.
Obviously doesn't for ignorance.
But, where is the economy? Seems everyone still has a job, car and home prices are softening a little, energy prices are lower. All good things for the consumer, no?
Knowledge is the enemy of fear
The sky is falling because of egg prices, gimme a break.
Chicken replacement cycle is fairly quick so this short term problem will not last.
Eggs are the new Bitcoin
Give Me Liberty or Give Me Debt
Some stack Au, gutter, mason jars, ammo, whiskey, wood, butter, beans etc. Nothing wrong with stacking a few eggs. Time for breakfast. RGDS!
The whole worlds off its rocker, buy Gold™.
YES, THE PROCEEDS FROM ALL THE OIL SOLD FROM THE STRATEGIC PRESERVE WERE FACTORED INTO THE GDP. VERY CLEVER MOVE.
So they will be $1 in a few months.
Knowledge is the enemy of fear
At last count I've lived through at least six good recessions. I've been selling coins nationally since 1962. 61 years.
In a nutshell, no matter what you call it, we have significant inflation. 8.7% for my SS bump or maybe 32% According to Martin Armstrong. The bottom line is it's beating a lot of people up.
The only way that I see it being successfully dealt with is for the FED to raise rates above the 'inflation' rate'. To have the FED rate at 4.5% just fuels more inflation.
If the FED were to raise the rate to the equal of what .gov(8.7%) says is our inflation, well, we're sunk.
I expect either coming layoffs with FED increases or wild inflation if FED rates are still kept close to what they are. 2008-9 may look like child's play. It's either/or.
So GDP increased by $415 billion and you account for that via SPR sales?
The average price of oil in the 3rd qtr was about $90. So oil sales would have amounted to about 4.6 billion barrels, or over 1 full year of US oil production.
Oil reserve sales were about 150 million barrels, or about 2 weeks of US production.
Typing in all capital letters still does not make your comment factual.
Knowledge is the enemy of fear
No I don't account for the 415B by spr sales. Do not ever twist what I say to fit your narrative.
It's just an indicator of another clever move by .gov.
Kelly you and I both know that the definition of inflation has changed so much in the last 40yrs that the current 8.7% is not anywhere near what is correct if you were to use older definitions that continuously evolved to lesson .gov financial obligation to SS.
Hey Kelly, when's the last time you had a job?