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Discussion in 'West Mall' started by theiioftx, Nov 10, 2016.
There was a positive surprise on NonFarm Payrolls
128K in October vs. 89K expected
This despite the GM strike subtracting ~50k jobs
Employment was also revised 51k higher in Aug.
The unemployment rate came in as expected at 3.6%, as the participation rate increased to 63.3%.
The underemployment rate improved to 7.0% while average hourly earnings rose by 3.0% YoY as expected.
Summary - "Jobs market is very healthy and poised to strengthen as strike effects dissipate"
Joe, we aren’t suppose to talk about that.
We’re all going to be working on the medical industry per the Dems.
Another Chinese Bank is on the verge of collapse, after a sudden bank run
First it was Baoshang Bank
then it was Bank of Jinzhou
2 months ago Heng Feng Bank with 1.4T Yuan assets quietly failed
Today, it’s Yichuan Rural Commercial Bank
Chinese Bank On Verge Of Collapse After Sudden Bank Run
And black unemployment at all time low.
In the wake of this -
The Dow ^ 300 points
S&P 500 rallies to record close
Best recession ever
Dow jumps 300 points, S&P 500 rallies to record close after strong October jobs data
But but orange man bad
Wonder how the haters on here will spin this?
I am guessing they will have to wait to see how msm spins it.
More union corruption. Who could have guessed?
United Auto Workers President Gary Jones is stepping aside from the union’s top role, the union said Saturday, amid a federal investigation into corruption in the top ranks.
* * *
The leadership change comes as the UAW is negotiating new four-year contracts with the Detroit auto makers. The union last month secured a new contract with General Motors Co. after a 40-day strike at the company. The union has a tentative agreement with Ford, which members will vote on in the coming weeks.
The request by Mr. Jones to step aside comes days after one of his top aides was charged in the U.S. Justice Department’s yearslong corruption investigation. In the charging document for Edward Robinson, a former union official in UAW Region 5, Mr. Robinson is accused of embezzling up to $700,000 in union dues. Attempts to reach Mr. Robinson for comment were unsuccessful.....
UAW President Stepping Aside Amid Federal Corruption Probe
I give credit to American citizens for any positives in the economy. Not Presidents.
The best the government can do is get out of the way and people pursue their own lives. When humans get to do that on the market real beautiful things happen.
Nobody has to spin it, because it virtually isn't talked about by the political media. Obviously, they don't want it to become part of Trump's political narrative, and Trump gives them plenty of negative things to focus on instead.
The three major stock indexes (S&P, DOW & NSDQ) all moved toward record highs Friday following the NFP jobs report. Other parts of the world are not doing as well. Money is pouring into the US.
Probably the guy with the most accurate numbers out there. The signals are positive. Here is the growth of working class level jobs, i.e. there isn't wage stagnation right now.
This actually contradicts something someone else posted about business investment. I commented on it assuming it was true. The data shows investment is strong though. This bodes well for the economy, if we could just keep the money supply stable.
This graph shows wage gap decreasing. If you are concerned with economic inequality, this shows low tax, low regulations will help to decrease it. Much of the inequality in the US economy is caused by government intervention, high barriers to entry, and unions increasing wages for some industries over others.
In the end ....
How can the Dems win the election in 2020 when they are so outraged that Sean Spicer is still on the DWS show that they can’t even vote him off.
I forgot to vote but I absolutely will next week.
At least we know now who watches DWTS
I’ve only watched it one year. It was the year that Marie Osmond started the show kind of chubby and lasted long enough to get a rockin body.
I just saw an article that the left is outraged he’s still on the show.
I watched parts of the year Emmitt was on.
that’s the year. I wonder how far that video was into the season. Because I think she was really leaned out like an athlete by the end of her run. She got the Nutri-system contract with her weight loss. She’s still hot for her age.
More arrests in Puerto Rico on corruption -- Is it racist to arrest these folks but not John Brennan?
Puerto Rico senator, 7 others arrested by FBI in corruption investigation
In hindsight, there are not many things Obama was correct about, including his predictions on ISIS
Beshear won his bid for Governor.