North American economy in retreat

More
2 years 9 months ago #117171 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
I am going for a miss to at 135,000. ISM rebounded some at 51.5 but mainstream harped about 57 for the service industry, a good thing we are all serving burgers and great snow cones LOL

The way bonds and gold was hammered they are either setting up for a bad number or there is a real financial problem

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

More
2 years 9 months ago #117168 by Gambler
Gambler replied the topic: North American economy in retreat
Ok, I am taking a gamble, I say big miss at 110,000

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

More
2 years 9 months ago #117157 by RonS
RonS replied the topic: North American economy in retreat
US Jobs report out Friday. The median forecast is 169,000.

You guys did a great job with reading the market last month, what are thoughts this month?

Personally I think a miss to the downside??

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

More
2 years 9 months ago #117139 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Wells Fargo & Co's unprecedented move to strip Chief Executive John Stumpf of $41 million in stock awards has sent a chill through Wall Street with bankers fearful that a hardening political climate against corporate wrongdoing will encourage boards to be more aggressive about making them forfeit pay.

Not only are they manipulating stock trading and ETFs but their own business. Opening 2 million fake accounts, what a farce

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

More
2 years 9 months ago #117110 by Gambler
Gambler replied the topic: North American economy in retreat
Attachments:

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

More
2 years 10 months ago #117083 by Dennis
Dennis replied the topic: North American economy in retreat
It is pretty amazing the stock market holds up while the economy is in the tank and earnings keep dropping

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

More
2 years 10 months ago #117080 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Lots of economic news today and so far not very good

Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent consumer-spending strength that has carried the economy.

Purchases declined 0.3 percent from July, the first drop in five months, after a revised 0.1 percent advance in the previous month, Commerce Department figures showed Thursday in Washington. The median projection of economists surveyed by Bloomberg called for a 0.1 percent decline. Excluding cars, sales unexpectedly fell 0.1 percent.

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

More
2 years 10 months ago #116886 by RonS
RonS replied the topic: North American economy in retreat
Nice chart on the ISM sent to me from a friend, shows a good picture how the economy has been declining.
Attachments:

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

More
2 years 10 months ago #116876 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Article on CNN hypes that the Fed has no good reason not to raise rates. They talk about the economy is doing pretty good and has gone through all the hickups that the Fed worried about very well.

money.cnn.com/2016/09/02/news/economy/au...l-reserve/index.html ?

Yet America's central bank is keeping interest rates at levels that are so low, they scream: "Crisis!"
"It is no longer credible to assert that this economy is underperforming," says Chris Rupkey, chief financial economist at MUFG Union Bank.

These goons are missing the most important point and that is the numbers are BS and the economy is not very well. The Fed knows it and so does all the powers that be.

So their problem is if they raise rates in the face of a weak economy, which is the reality - things will get worse. They have already stretched their line of bull so long, the Fed continues to lose credibility. They were hoping the real numbers would improve and get them out from under the rock or hard place.

But hope is not a plan

So they keep kicking the can down the road and keep hoping.

That leaves one question, will they reveal the real weakness of the economy or create more bull and eventually raise rates?

They are painted in a corner with little option. I say raise rates - going up to 1% is not going to hurt the real economy any more than it is now

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

More
2 years 10 months ago #116875 by Gambler
Gambler replied the topic: North American economy in retreat
The dollar dropped to $95.2 and has recovered so no big effect there.

For sure no sign of economic strength, the biggest jobs gains came in bars and restaurants, which added 34,000 positions.

I think the idea of a contest would be fun, we are all thinking about a number anyway, it is all a bunch a bull, but is the biggest focus of the market for some time

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

More
2 years 10 months ago #116874 by RonS
RonS replied the topic: North American economy in retreat
Congrats, you two pegged it with jobs coming in slightly below expectations at 151,000, just to delay the Fed as you predicted.

They had to use 106,000 created with the birth death rate model to get a number this good.

Maybe we should run a monthly contest on picking the jobs #??

"We had a couple above numbers in the last two months. This is a below-average number," said Jeff Kleintop, chief global investment strategist at Charles Schwab. "All that suggests the job market is OK, but it probably does put September off the table" for an interest rate hike.

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

More
2 years 10 months ago #116873 by Gambler
Gambler replied the topic: North American economy in retreat
They jawboned the $$ up and todays poor PMI dropped it about 1/2 cent see X, but still some room for a week jobs # to take it back 94.5 before the Jackson hole BS.
Attachments:

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

Moderators: RonS
Time to create page: 0.359 seconds
© 2019 Playstocks.net. All Rights Reserved. Designed By JoomShaper