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Posted on 8/1/24 at 11:15 pm to Jjdoc
What are y'all talking about? The economy is great. Jobs are up. Inflation? More like shrinkflation. Stop thinking. Just listen to what the Media tells you. They have you best interests at heart. You trust them to raise your children right? Lol. Americans really are as stupid as foreigners say. You put us in fancy hotels and give us free healthcare while your veterans and homeless suffer.
This post was edited on 8/1/24 at 11:18 pm
Posted on 8/2/24 at 4:36 am to llfshoals
quote:
Conn’s and Babcock are closing over 530 stores,
It is spelled Badcock and is leading in the unfortunate name category.
Posted on 8/2/24 at 4:41 am to Hangit
You are never going to convince me that a country is in a recession with an unemployment rate around 4%
Posted on 8/2/24 at 4:44 am to IMSA_Fan
quote:
You are never going to convince me that a country is in a recession with an unemployment rate around 4%
Smoke and mirrors, and fudging the numbers, adding more jobs to the Government; but probably been in a recession since late 2023
Posted on 8/2/24 at 4:51 am to CamdenTiger
I’m not saying by any means the stock market is a recession indicator, but it is up 23% in the last year. I have a hard time accepting that we are anywhere near a recession based on that number
Posted on 8/2/24 at 5:00 am to IMSA_Fan
I think we are deficit spending a trillion every 98 days to prop this up, in an election year… That much liquidity will keep the markets humming, but the economy has been in recession, and I think we will soon see that play out..
Posted on 8/2/24 at 8:00 am to CamdenTiger
Looks like Sahm rule got triggered, may get emergency cut, probably won’t get it since they are scared about inflation, so the Fed will always be lagging…. Pain about to be felt
Posted on 8/2/24 at 8:09 am to CamdenTiger
quote:
Looks like Sahm rule got triggered, may get emergency cut, probably won’t get it since they are scared about inflation, so the Fed will always be lagging…. Pain about to be felt
There won't be an emergency cut this close to September (if there is one, it's going to be purely political and send inflation roaring again by Christmas). This has definitely moved the needle more towards pointing at a September cut as a certainty.
July CPI comes out on August 14th, if CPI comes in below 3%, book that Sept cut. If it continues to remain sticky at/above 3%, we're pretty much in stagflation and shite will be about to hit the fan unless GDP for Q2 comes in very low.
There was never going to be a "soft landing". Ever.
Posted on 8/2/24 at 9:50 am to CamdenTiger
quote:
Smoke and mirrors, and fudging the numbers, adding more jobs to the Government
Government and healthcare (quasi government) have been the leading job providers for months.
Posted on 8/2/24 at 8:18 pm to IMSA_Fan
quote:
I’m not saying by any means the stock market is a recession indicator, but it is up 23% in the last year.
Now do it without the Magnificent 7.
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