North American economy in retreat

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3 months 4 weeks ago #126166 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Don't forget XMAS seasonal hiring, well at least at Amazon lol I say +50k

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3 months 4 weeks ago #126165 by alexgreat
alexgreat replied the topic: North American economy in retreat
I think number will be weaker, -20k

Consensus estimates see 75,000 jobs added last month, less than a third of November's gains, as the coronavirus spread rapidly across the U.S. A number of Wall Street firms even see negative job growth, with predictions from Goldman Sachs, JPMorgan, Credit Suisse and Barclays ranging from a loss of 25,000 to 50,000 positions.

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4 months 2 weeks ago #126028 by RonS
RonS replied the topic: North American economy in retreat
Good interview with Richards

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5 months 3 days ago #125914 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
No job guesses this month. Not good news, looks like the double dip recession and a very ruff recovery that RonS mentioned is on it's way

The U.S. economy added 245,000 jobs in November, as the unemployment rate fell to 6.7 percent, according to data released Friday by the Bureau of Labor Statistics. Economists had predicted the economy would gain around 440,000 jobs.

Amid a fresh surge in coronavirus cases and a new round of shutdowns, Friday's figure represents the fifth straight month of decelerating job gains. It is by far the lowest monthly total since the economy started its halting recovery.

www.nbcnews.com/business/economy/u-s-eco...inal-report-n1249983

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7 months 5 days ago #125674 by DearJohn
DearJohn replied the topic: North American economy in retreat
Companies including Disney, the insurance giant Allstate and two major airlines announced plans to fire or furlough more than 60,000 workers in recent days, and more cuts are expected without a new federal aid package to stimulate the economy.

www.nytimes.com/2020/10/01/business/econ...ployment-claims.html

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7 months 5 days ago #125670 by alexgreat
alexgreat replied the topic: North American economy in retreat
Job numbers out and weaker than expected. Next month could start to reflect end of wage/job subsidy

Nonfarm payrolls rose by 661,000 in September, lower than the 800,000 Dow Jones estimate.
The unemployment rate was 7.9%, better than the 8.2% estimate.
This is the final jobs report before the November election.

www.cnbc.com/2020/10/02/jobs-report-september-2020.html

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7 months 3 weeks ago #125619 by Gambler
Gambler replied the topic: North American economy in retreat
Their total assets are of €1.3t and equity of €62b, accordingly, the equity is 4.7% of their total assets. Consequently, loan losses of 5% would wipe out their capital, but strategists have been discussing that the coming loan losses of Deutsche bank could top 25%. So, adding the gross derivatives exposure of $50t, a 0.1% loss would be enough to bankrupt Deutsche Bank.

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7 months 3 weeks ago #125618 by Gambler
Gambler replied the topic: North American economy in retreat
From 1971 the US$ has lost 98% of it's value.. WOW!!!!!!!

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7 months 3 weeks ago #125617 by Gambler
Gambler replied the topic: North American economy in retreat
Interesting video on current banking crisis

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8 months 3 days ago #125559 by alexgreat
alexgreat replied the topic: North American economy in retreat
Jobs numbers out today
Nonfarm payrolls increased by 1.37 million in August vs. Dow Jones estimates of 1.32 million.
The unemployment dropped to 8.4% from 10.2% in July and well below expectations of 9.8%.
Government hiring led the way, with gains also coming in retail and education and health services.

But here is the reality chart
Attachments:

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9 months 1 week ago #125378 by alexgreat
alexgreat replied the topic: North American economy in retreat
very good video

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10 months 1 week ago #125256 by RonS
RonS replied the topic: North American economy in retreat
Lots of news that could move markets this week

Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin testify before Congress on June 30 in what's expected to be a broad overview of the economy and monetary policy. The Fed's John Williams and Charles Evans also have speeches on the calendar and FOMC minutes are due out on July 1. On the economic front, reports on factory orders, trade balance, and manufacturing PMI will all pour in before the June jobs report steals the show on July 2. Economists project a gain of 3M jobs during the month to take the unemployment rate to 12.2% from 13.3%.

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