North American economy in retreat

More
2 years 9 months ago #117344 by RonS
RonS replied the topic: North American economy in retreat
Jobs report out Friday, the median forecast is 180,000. Any hazard to guess for this month.

I decided to run a contest - The closest guesstimate to the reported number gets a 6 month trial to the newsletter. Have not figured out a price for current subscribers - any suggestions welcome

Please Log in or Create an account to join the conversation.

More
2 years 9 months ago #117336 by alexgreat
alexgreat replied the topic: North American economy in retreat
Interesting times

Steven Terner Mnuchin, a financier with deep roots on Wall Street and in Hollywood but no government experience, is expected to be named Donald J. Trump’s Treasury secretary as soon as Wednesday, people close to the transition say.

Mr. Mnuchin, 53, was the national finance chairman for Mr. Trump’s campaign. He began his career at Goldman Sachs, where he became a partner, before creating his own hedge fund, moving to the West Coast and entering the first rank of movie financiers by bankrolling hits like the “X-Men” franchise and “Avatar.”

www.nytimes.com/2016/11/29/us/politics/s...-secretary.html?_r=0

Please Log in or Create an account to join the conversation.

More
2 years 9 months ago - 2 years 9 months ago #117316 by RonS
RonS replied the topic: North American economy in retreat
Treasury Bonds down again today, on the verge of breaking the support levels I am watching
Attachments:
Last Edit: 2 years 9 months ago by RonS.

Please Log in or Create an account to join the conversation.

More
2 years 10 months ago #117244 by RonS
RonS replied the topic: North American economy in retreat
They had to pad the number with a whopping 197,000 from the birth death rate magic model, without that would have been -36,000 job losses

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

Please Log in or Create an account to join the conversation.

More
2 years 10 months ago #117243 by Gambler
Gambler replied the topic: North American economy in retreat
No guesstimates this month. Jobs came in at 161K below 175k expected

Please Log in or Create an account to join the conversation.

More
2 years 11 months ago #117184 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
I was a bit too negative, but the market was not set up for a real weak jobs # so there must be some underlying financial stress.

Bonds went up a bit on the jobs news but are back down

Please Log in or Create an account to join the conversation.

More
2 years 11 months ago #117182 by RonS
RonS replied the topic: North American economy in retreat
Birth death rate was -57,000, the first negative number since January. Seems like they wanted a weak number out there?

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

Please Log in or Create an account to join the conversation.

More
2 years 11 months ago #117181 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Thanks Ron, Damm I was thinking of going a bit lower

Please Log in or Create an account to join the conversation.

More
2 years 11 months ago #117180 by RonS
RonS replied the topic: North American economy in retreat
lynnsa you had the right theme and closest to the actual at 156,000

finance.yahoo.com/news/us-payrolls-repor...-2016-114742356.html

I am going to check the birth death rate number

Please Log in or Create an account to join the conversation.

More
2 years 11 months ago #117179 by WealthyPlumber
WealthyPlumber replied the topic: North American economy in retreat

Please Log in or Create an account to join the conversation.

More
2 years 11 months ago #117178 by WealthyPlumber
WealthyPlumber replied the topic: North American economy in retreat
OK, I throw my guess too at last minute. These crooks will stop at nothing to get Clinton elected so I say a big number too 215,000

Please Log in or Create an account to join the conversation.

More
2 years 11 months ago #117177 by RonS
RonS replied the topic: North American economy in retreat
Many economists believe the political uncertainty of Brexit and Donald Trump pose major risks to the global economy. Those risks stem from public mistrust for government leaders and their inability to distribute wealth more evenly and help people who believe they have been hurt by trade.

"I am seriously concerned on this," Germany's finance minister, Wolfgang Schauble, told CNN's Richard Quest at an International Monetary Fund meeting in Washington.

"You can look all over at the advanced economies -- the British referendum, the campaign in the United States ... more and more people don't trust their elites. They don't trust their economic leaders, and they don't trust their political leaders."
IMF managing director Christine Lagarde acknowledged that countries need to address the "backlash that we are seeing in many corners of the world -- against trade, against innovation."

"Too slow for too long benefiting too few," Lagarde told Quest, referring to global growth.

The sobering comments come about a month before the U.S. election, which has had an anti-trade flair all year. Donald Trump, the Republican nominee, has threatened to get rid of trade deals and slap tariffs on Mexico and China.

His rise was just as unexpected as the British vote in June. One reason for Brexit was a belief that trade had hurt more people than it benefited.

money.cnn.com/2016/10/06/news/economy/im...atest+%28CNNMoney%3A

Please Log in or Create an account to join the conversation.

Moderators: RonS
Time to create page: 0.324 seconds
© 2019 Playstocks.net. All Rights Reserved. Designed By JoomShaper