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Another Friday massacre incoming as fears of US political elite could be infected. Blood on
the Streets
There are a lot of factors to disrupt the market, Corona virus, elections coming, dems dropping out, fed rate cut, etc. It'll be another month before we see where the markets will trend. I don't see a major stall soon, but I don't make my money as an economist
Good time to be a day trader, though.
Another Friday massacre incoming as fears of US political elite could be infected. Blood on
the Streets
but if one has been tipped off?
Su ions on CME about $500M made on e-minis just before Fed made a positive announcement last Friday afternoon. Not bad for few hours of possibly criminal "work".
ye olde insider trading?
it's a good bet someone out there has the gumption.
10 year Treasury notes dipped below 0.7% last night, an all time low. Market is spooked.
New York (CNN Business)The US economy added 273,000 jobs in February, the US Bureau of Labor Statistics said Friday.
This was far more than economists had predicted. Leading the gains were new jobs in health care and social assistance, food services and government, where 7,000 people were hired for the April Census.
The unemployment rate fell back to the historic low 3.5%.
With unemployment so low, it's a wonder so many people are struggling to get by.
https://finance.yahoo.com/news/globa...004516671.html
... there is your self-reinforcing feedback loop.
Slow down will hit US about the time of the election. 2Q and 3Q will have been closed by then.
45 year long War on Employees
Federal judge just blocked San Antonio's ordinance for paid sick leave, handing the SA business warriors another battle.
I expect the SCOTEX BigCorp-elected s to crush any cities trying help their citizens, like Repugs did to block Tesla and block municipal broadband.
Last edited by boutons_deux; 03-06-2020 at 09:31 AM.
10 year treasuries fall below 0.7%. Negative rates here we come.
Instead of the Fed (and central banks around the world) pushing on a string, perhaps fiscal stimulus should be considered. Seems odd political solutions are presumptively ruled out.
called it
governments are being stupid by not telling citizens the truth. Everyone will get the virus but its not as bad as its painted. Once everyone figures this out, the markets will stabilize and move on
But idiots are hiding the truth while saying its gonna be ok. that = uncertainty thus the panic
come out and say it. this is not going to be stopped but its just a very strong flu
This is a meaningless statement. Who is struggling to get by? Are they employed? Do they want to be?
Meaningless to you perhaps.
Aggregate employment rates don't give a good picture of overall financial precarity, declining fortunes and declining quality of life in the USA since the 2008 crash, that's all.
What good is it if theoretical full employment levels leave half the country is unable to incur an unexpected 500 dollar expense without being wiped out? One third of baby boomers approaching retirement age have between zero and 25,000 in retirement savings.
If this stat is true:
Lower 50% in income pay 3% of taxes.
Upper 50% pay 97%
So half of our working public pay only 3%
We have a lot of lazy people or...
Something about income and income tax is very off balance.
Where the fck is the middle class? Wtf does middle class even mean?
Last edited by pgardn; 03-06-2020 at 11:10 AM.
That's on them. I lost more than that this week, ~35K.
You're wrong, the social costs will be borne by you and me.That's on them. I lost more than that this week, ~35K.
Yup. Unemployment is so low because people have to work 2-3 jobs just to make ends meet.
a few hours / day and not every day, eg, rideshare driving, is considered "employed", aka, The Working Poor who Repugs screw at every chance
Can't blame this latest fall on Bernie Sanders.
Think about this post for a minute.
Dems have been screwing them hard too, austerity is a bipartisan sport.
What conclusion did you just draw?Think about this post for a minute.
Tell me how Trill's multiple jobs affects (1) the number of unemployed workers or (2) the total labor force?
You and I can make this up in working income very easily. We took a paper loss at this point, let’s cry.That's on them. I lost more than that this week, ~35K.
Half the people in this country take a hit like this out of pocket?
And you throw out this basically white male problem expecting this to seem like it should hurt or not? Which is it?
I personally do not like the idea of wealth redistribution with the unknown ramifications.
But If you refuse to at least look at the stats as they exist and blame it on simple laziness... you don’t give a fck about this country. That is such a red team excuse and it’s just ridiculous. Find a cheating poor bum scamming the system before looking for a multi millionaire and cheating accounting, that’ll do it for you. Rationalization completed, you feel fine.
“Dammit I hate taxes” Meanwhile the entire fleet of trucks this person owns, uses and tears up federally funded highways moving all his product to an Amazon warehouse.
Boo fckn hoo...
I can see why you'd ask that, but I'm not sure that's what Trill meant to say. Underemployed people count as employed, and we got a lot of em.
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