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  • The US economy just doesn’t make sense anymore

    From vox.com

    There’s no consistent story to tell about the economy right now. If you look at housing, everything’s a disaster. If you look at consumer spending, everything’s plugging along. If you look at the labor market, things are looking pretty phenomenal. “There seem to be three different economies out there,” said Ethan Harris, global economist at Bank of America, in an interview. “You’ve got a housing market in recession, you’ve got a consumer who’s hanging in, and then you’ve got a hot labor market.” The economy has been a bit of a conundrum to unpack for a while now, after the pandemic tossed ... (full story)

This is what BIDEN wants. Normalization with little effect on labour Masses.
Two of these are real data series, one is artificially generated number. Guess which one is fake.
U.S. companies are struggling to find workers at minimum wage, which would be their preference. Thus, the large number of unfilled jobs. If U.S. corporations would give workers (vs. shareholders) the portion of profits they used to receive in the 1950's and 1960's (when we had actual worker pensions, full company-paid health care, and salaries that paid for a middle class lifestyle), we would find many more willing participants in the labor market. The jobs number reflects, in part, a whole lot of really shitty jobs that pay next to nothing. Wonder why there are no takers?
Student of the Markets
It’s called data manipulation. We have been in recession for months now.
Quoting umbrella man
It’s called data manipulation. We have been in recession for months now.
Indeed. FED needs to justify their aggressive hikes as hikes is the only thing they can do in order to fight the inflation.
But again who cares?! I don’t. We will make money either way
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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  • Posted: Dec 2, 2022 11:45am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 2,759