North American economy in retreat

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3 years 1 month ago #477 by Gambler
Gambler replied the topic: North American economy in retreat
I agree, I think they just flashed an ace to see what the table would do. They know and we know the economy is the shits, but raising rates won't matter there

I think they more worried about the stock market, it was getting close to last years highs, so a good time to float a bluff out there and see what happems

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3 years 1 month ago #475 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Amazing one week later and they talking about a rate hike. I smell a bluff

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3 years 1 month ago #465 by Gambler
Gambler replied the topic: North American economy in retreat
Wow, I seen that too and was going to post it here but you beat me to it.

Just amazing how the FED has been masking an economy in severe decline when they know better.

“You are more likely to hear from your buddy that he is on Viagra than that he has credit-card problems,” says Brad Klontz, a financial psychologist who teaches at Creighton University in Omaha, Nebraska, and ministers to individuals with financial issues. “Much more likely.”


And how the world has changed, we feel better talking about sex than money - Well I guess they related ha ha!!

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3 years 2 months ago #454 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat

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3 years 2 months ago #453 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
This is an amazing article by The Atlantic on a fed survey that showed 47% of Americans would have to borrow or sell something to come up with $400 emergency funds.

This is not what you find in a good economy or one that is supposedly at 5% unemployment which is a bigger joke than this cover story picture

Attachments:

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3 years 2 months ago #445 by RonS
RonS replied the topic: North American economy in retreat
A good interview with Fed member Bullard here
www.cnbc.com/2016/05/05/outspoken-fed-of...ing-japans-path.html

James Bullard, president of the Federal Reserve Bank of St. Louis, doesn't know when the American economy will fall into another recession. But he says it's increasingly likely that it will happen before the Fed has a chance to return its benchmark interest rate to a historically normal level.

He is probably right there as we may be headed into one right now

On raising rates - "If you talk to people in Tokyo, they say, 'Well, we've been through this and tried all these things and you guys are just following us,'" he said in the interview. "I hope that's not exactly true."

The general rule of thumb within the Fed is that labor market data trumps G.D.P. data. But when you're talking over a four-quarter sequence where you've had weak growth, that starts to become more suspect. We've projected 3 percent growth around the corner for the last several years in a row. But that just hasn't materialized, and I think at some point you have to take the signal that's being sent.

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3 years 2 months ago - 3 years 2 months ago #430 by Gambler
Gambler replied the topic: North American economy in retreat
What amazes me, those counted as not in the labor force surged by 562,000 for the month to more than 94 million. They make it look good by not counting all these with no jobs, and in most cases they just gave up looking for now

The population of Canada is 33 million. In the US that is like 3 Canada's sitting there with no job or if you look at the Canadian labour force at about 19 million.

It is like having 5 Canadas sitting there with no jobs and they talk about 5% unemployment rate.

I am not falling for that bluff and I bet those 94 million Americans are not being fooled either
Last Edit: 3 years 2 months ago by Gambler. Reason: spelling

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3 years 2 months ago #429 by RonS
RonS replied the topic: North American economy in retreat
Good comments folks, Lynnsa they have no choice to fudge the numbers. How would it look if they reported job losses just 4 months after an interest rate hike?

They would look like idiots for the bad mistake they made.

We now have a better idea why retails sales have been falling, the job market sucks

They will fudge them short term to drag it out and hope for a turn around and gradually drag out bad numbers and blame it on the Global economy

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3 years 2 months ago #427 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
I must have looked at 20 stories in the main stream on the Jobs report and not one mentions all the jobs with the birth death rate model. My God is the whole media under control or biased?

Most were pretty upbeat and said it was not that bad, only 1 month, economy still expanding and most of then dwelt on the better that expected wage growth of 2.5%, only the Bank in Germany mentioned any decent analysis.

The wage increase could have been because of a calendar quirk. Deutsche Bank's Torsten Sløk noted ahead of the report that because April 15 — payday for those on a biweekly schedule — fell early in the survey week for the jobs report, it was likely to cause an upward bias in earnings.

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3 years 2 months ago #426 by Gambler
Gambler replied the topic: North American economy in retreat
Amazing, how weak the economy is, just 0.5% GDP reported for 1st qtr.

Previous months' numbers also were revised lower. The BLS cuts the February count from 245,000 to 233,000, while the March total fell from 215,000 to 208,000.

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3 years 2 months ago #425 by RonS
RonS replied the topic: North American economy in retreat
April jobs report what a joke at 160.000. They had to majically create 233,000 jobs withe Birth/death rate model to get 160,000, without that would have been job losses

www.bls.gov/web/empsit/cesbd.htm

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3 years 2 months ago #420 by Anonymous
Anonymous replied the topic: North American economy in retreat
Dent says deflation and Bill Gross syas helicopter money and then inflation.

in his latest Investment Outlook note published Wednesday, he said the Federal Reserve and U.S. Treasury should engage in another round of quantitative easing (QE), printing trillions of dollars to buy government bonds and thereby boost the economy.

"Drop the money from helicopters," wrote Gross, manager of the $1.3 billion Janus Global Unconstrained Bond fund.

www.reuters.com/article/us-funds-janus-gross-idUSKCN0XV1AL ?

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