Trump Policy has Given us this Inflation

[Mac-7]

yes Trump's massive mega debt and deficit and FED fake money printing have hurt America and caused lots of inflation.

Some people predicted Trump's policies were going to cause inflation, and they did.

That was not trump’s massive debt but a bipartisan congressional repair for the stupid covid19/wuflu democrst shutdown of the economy

Libs paid workers not to work

 

[Mac-7]

It is sad to see every economist in the universe tell you you're wrong.

Lib economists tow the party line

 

[Toddsterpatriot]

True enough. But inflation is 100% corporate price gouging. The difference between your guy, or my guy, is one of them is a corrupt enabler of that price gouging.

The focus needs to be clearly aimed at the corporate price gouging where it belongs.

When you have actual evidence of earnings report phone calls, by CEO's openly admitting to their gouging for the sole purpose of shareholder returns, and a populace of rubes that are only focused on my guy vs your guy.

Rubes so utterly ignorant, that they defend the gouging, and giving money to their guy to help him continue the corrupt enabling of those corporations to continue gouging.

Then those rubes need to be separated from every dime they have. The only problem with that, is their abject stupidity, and ignorance, hurts everybody else.

But inflation is 100% corporate price gouging.

Bullshit.

When you have actual evidence of earnings report phone calls, by CEO's openly admitting to their gouging for the sole purpose of shareholder returns,

Inflation is a general rise in prices. If CEO #1 raises prices, consumers have less money to buy the goods of CEO #2. Fewer sales mean he has to cut prices. That's not inflation.

 

[luiza]

Troll Wanker posting more foolish nonsense .
Part of a real News Report -- Zero Hedge right now

---

August Unemployment Rate Unexpectedly Spikes As Payrolls For Every Month In 2023 Is Revised Sharply Lower


FRIDAY, SEP 01, 2023 - 01:59 PM
Ahead of today's payrolls report consensus was already ugly And while moments ago we got a number which was at least nominally stronger than expected, the report in general was weak enough to suggest that - as we expected - the wheels are finally coming off the US labor market (as this week's JOLTS report strongly hinted).
With that preamble out of the way, moments ago Biden's BLS (Bureal Of Lies and Statistics) reported that in August, the US added 187K jobs, and beating the consensus estimate of 1Superficially this would have meant an unchanged print from last month when the BLS also reported 187K jobs, however in keeping with recent trends that number was revised - drumroll - lower again, to 157K, meaning that every single monthly payrolls print in 20-23 has been revised lower (see chart below), a 12-sigma probability and virtually impossible unless there was political pressure to massage the data higher initially and then revise it lower when nobody is looking.



But wait there's more: while July was revised down by 30K from +187,000 to +157,000, June was revised even more, by 80,000, from +185,000 to +105,000, which means that a number that was originally reported as 209K has been reivsed 50% lower, to 105K and a collapse vs original expectations of 230K. Here, the BLS was proud to report that "with these revisions, employment in June and July combined is 110,000 lower than previously reported."
In other words, we now wait for the August payrolls number to be revised sharply lower as well because that's how Biden's handlers roll.
Turning to the unemployment rate, things here get really ugly: instead of the 3.5% expected print, in August the unemployment rate jumped to 3.8%, up sharply from 3.5% in July, and the result of 514K newly unemployed workers as the total civilian labor force increased by 736K individuals, as there were 597,000 new entrants in the labor market, people looking for work for the first time, and the highest level since October 2019. This confirms what we have been seeing: the savings are tapped out and credit cards are maxed out.
The jump in the unemployment rate means that the economy was only able to absorb a net 77K of them in August. At the same time, this surge in new workers also suppressed wage growth (as noted below).

Among the major worker groups, the unemployment rates for adult men (3.7 percent), Whites (3.4 percent), and Asians (3.1 percent) rose in August. The jobless rates for adult women (3.2 percent), teenagers (12.2 percent), Blacks (5.3 percent), and Hispanics (4.9 percent) showed little change over the month. The silver lining was that the participation rate actually rose from 62.6% to 62.8%, and is gradually catching up to where it was before the pandemic.

Next, turning to wage growth, August payrolls rose 0.2% MoM, down from 0.4% last month and missing expectations of 0.3%. On an annual basis, the 4.3% print came in as expected, and down modestly from 4.4% last month.

Some more details: In August, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents, or 0.2 percent, to $33.82. Over the past 12 months, average hourly earnings have increased by 4.3 percent. In August, average hourly earnings of private-sector production and wheels are indeed coming off the labor market, but the BLS is doing its best to make the hit as comfortable as possible. Meanwhile, as Bloomberg's Enda Curran writes, on a net basis, "these figures probably don’t change the Fed debate. They broadly show a labor market that’s cooling at a very controlled space, in line with slowing inflation. That’s a good outcome, but it’s unlikely the Fed will declare mission accomplished."
Below we share some more hot takes on today's print:
li Jaffery, an economist at CIBC Capital Markets, has this take:
“Overall, today’s report underscores that rebalancing in the labor is picking up pace and softening in labor demand could translate into even weaker income and spending ahead.”
Rubeela Farooqi, chief US economist at High Frequency Economics:

“We think these data support the case for no rate hike at the September FOMC meeting. As for the rate path past September, our base case remains that the Fed is at the end of the rate-hiking cycle. However, with the economy reaccelerating, posing a potential upside risk to inflation, another increase in rates later this year cannot be taken off the table.”

Richard Flynn, managing director at Charles Schwab UK:

“While Jerome Powell recently reassured the market that progress is being made against inflation, he did so with the caveat that if the labor market remains strong, more work still might be needed. Today’s report may signal to the Fed that inflation could remain elevated, prompting them to continue rate hikes in months to come.”

Peter Tchir of Academy Securities

“I think today’s number is perfect for that and think we could squeeze nicely into a new month!... If anything, the data is almost weak enough to spur recession fears, but I don’t think there is enough in here for that, and the reality is the Fed must be jumping up and down with joy about the unemployment rate -- not just that it moved higher, but that it moved higher for all the right reasons!”

Derek Tang, economist with LH Meyer/Monetary Policy Analytics.

“Under the surface of the strong headline payroll print there is some support for the doves’ preference for no more hiking. After all, we are seeing negative revisions to previous months, slightly lighter wage growth, and still-rising participation. A September hike hasn’t been the base case, and this only rules it out more. The real issue is how to square it with the super-strong growth numbers we’re seeing. That will keep the FOMC hesitant to declare an end to rate hikes. The window for another hike begins in November.”

Ali Jaffery, economist at CIBC Capital Markets:

“Overall, today’s report underscores that rebalancing in the labor is picking up pace and softening in labor demand could translate into even weaker income and spending ahead.”

Ian Lyngen at BMO Capital Markets says:

“Monetary policy implications are relatively straight forward -- it just got a lot harder to justify a hike in the fourth quarter.”

Stronger Banking means no Troll Wanker Wanking .

 

[Harpy Eagle]

LOL "Most Americans,” Harris told her audience, “are a $400 unexpected expense away from bankruptcy.”

been that way for decades

 

[skews13]

But inflation is 100% corporate price gouging.

Bullshit.

When you have actual evidence of earnings report phone calls, by CEO's openly admitting to their gouging for the sole purpose of shareholder returns,

Inflation is a general rise in prices. If CEO #1 raises prices, consumers have less money to buy the goods of CEO #2. Fewer sales mean he has to cut prices. That's not inflation.

Normal market inflation is to many dollars, chasing to few products. Economics 101.

The pandemic supply chain issues are long gone. There is plenty of supply in warehouses and on the retailers shelve's.

https://www.cnn.com/2022/03/02/investing/inflation-companies-prices/index.html

But inflation is 100% corporate price gouging.

Bullshit.

When you have actual evidence of earnings report phone calls, by CEO's openly admitting to their gouging for the sole purpose of shareholder returns,

Inflation is a general rise in prices. If CEO #1 raises prices, consumers have less money to buy the goods of CEO #2. Fewer sales mean he has to cut prices. That's not inflation.

Prices are being cut?

Inflation is to many dollars chasing to few products.

You're not experiencing either. More money has been put in peoples pockets in the last 4 years, than ever has been.

https://www.cnn.com/2022/03/02/investing/inflation-companies-prices/index.html

 

[Toddsterpatriot]

Normal market inflation is to many dollars, chasing to few products. Economics 101.

The pandemic supply chain issues are long gone. There is plenty of supply in warehouses and on the retailers shelve's.

https://www.cnn.com/2022/03/02/investing/inflation-companies-prices/index.html

Prices are being cut?

Inflation is to many dollars chasing to few products.

You're not experiencing either. More money has been put in peoples pockets in the last 4 years, than ever has been.

https://www.cnn.com/2022/03/02/investing/inflation-companies-prices/index.html

Inflation is to many dollars chasing to few products.

You said, "inflation is 100% corporate price gouging."

Realized your error already?

 

[Dadoalex]

Lib economists tow the party line

I realize you weren't even a broken condom in your daddy's wallet but in the early 70s ANOTHER conservative tried to force wages and prices down.

The result was a multi-year economic disaster they called "stagflation."

Funny how you guys are all about the markets till the markets turn around and bite you on the ass.

 

[Mac-7]

I realize you weren't even a broken condom in your daddy's wallet but in the early 70s ANOTHER conservative tried to force wages and prices down.

The result was a multi-year economic disaster they called "stagflation."

Funny how you guys are all about the markets till the markets turn around and bite you on the ass.

I sure wasnt around to advise you when you made that crap up

 

[Dadoalex]

I sure wasnt around to advise you when you made that crap up

History little one. Those that fail to learn...

https://www.cato.org/commentary/remembering-nixons-wage-price-controls

 

[Mac-7]

History little one. Those that fail to learn...

https://www.cato.org/commentary/remembering-nixons-wage-price-controls

You may see me as a republican knee-jerk mirror image of democrats but few repubs and certainly not me supported wage and price controls

Nixon went out on a limb mostly alone on that one

 

[toobfreak]

yet the facts prove inflation is increasing at the standard and normal rate...
like I said, enjoy the plummeting inflation

First of all, asshole, your "facts" are BULLSHIT.

Second of all, asshole, how can inflation be "plummeting" when in your own first line you admit it is still INCREASING?

Third of all, asshole, I'm still paying about a dollar more a gallon for gas than I was just two years ago, that is an increase of about 34%! And food and energy and rent and other things are up about the same amount--- --- and you are claiming that 34% every two years is "standard and normal" inflation?

And that I should be enjoying the "plummeting" inflation?

You're a lying, braindead, itinerant shithead asshole.

 

[Harry Dresden]

First of all, asshole, your "facts" are BULLSHIT.

Second of all, asshole, how can inflation be "plummeting" when in your own first line you admit it is still INCREASING?

Third of all, asshole, I'm still paying about a dollar more a gallon for gas than I was just two years ago, that is an increase of about 34%! And food and energy and rent and other things are up about the same amount--- --- and you are claiming that 34% every two years is "standard and normal" inflation?

And that I should be enjoying the "plummeting" inflation?

You're a lying, braindead, itinerant shithead asshole.

aint the bankers threads fun?....lol...

 

[Dadoalex]

You may see me as a republican knee-jerk mirror image of democrats but few repubs and certainly not me supported wage and price controls

Nixon went out on a limb mostly alone on that one

First, you ARE a knee jerk MAGAT.
As proven by your accusing me of making up what you're too embarrassed to remember. You could have looked it up, educated yourself, but instead you chose your knee jerk reaction.
Second, the President has near zero ability to influence inflation and when the President can influence inflation, that impact isn't seen for 2 or 3 years beyond the action.

If you're angry about inflation take it out on the greed of the businesses and their owners.

 

[Toddsterpatriot]

If you're angry about inflation take it out on the greed of the businesses and their owners.

Yeah, because business owners didn't think about just raising prices for no reason, until recently. DURR

 

[Mac-7]

First, you ARE a knee jerk MAGAT.
As proven by your accusing me of making up what you're too embarrassed to remember. You could have looked it up, educated yourself, but instead you chose your knee jerk reaction.
Second, the President has near zero ability to influence inflation and when the President can influence inflation, that impact isn't seen for 2 or 3 years beyond the action.

If you're angry about inflation take it out on the greed of the businesses and their owners.

Nixon was not a conservative

 

[AntonToo]

Wake me up when we have $2.50 gas versus the $4.90 we have now.

Bullshit peddler, avg national price for reg gasoline is $3.80

AAA Gas Prices

Should we crash economy and run oil companies into insolvency again to get it to $2.50?

 

[theHawk]

Bullshit peddler, avg national price for reg gasoline is $3.80

AAA Gas Prices

Should we crash economy and run oil companies into insolvency again to get it to $2.50?

I’m quoting the prices in my area that I see and use. In my area it is $4.49 according to your link.

President Trump had a national average around $2.

No matter how you try to spin it, Biden has been a disaster for gasoline and the economy.

 

[AntonToo]

I’m quoting the prices in my area that I see and use. In my area it is $4.49 according to your link.

Nobody knows "your area".

Where did you get $2.50 from? Middle of 2020 historic economic standstill?

Thats your idea of a good economy?

 

[theHawk]

Nobody knows "your area".

Where did you get $2.50 from? Middle of 2020 historic economic standstill?

Thats your idea of a good economy?

It was $2.60 in 2019 if you want to count only pre-COVID.

Like I said, either way you cut it, Biden is awful. He declared war on oil when he was running. He promised to put them out of business and punish anyone that uses gas. Yet you want to pretend he loves oil and gas. You can’t have it both ways.