Kiroy
Marine Biologist
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"reeeee the 'low unemployment' environment we're currently in is great for the workers comrade!!!!"
and we're dumb bots, lol
Investing General Discussion
- Thread starter Furious
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
"reeeee the 'low unemployment' environment we're currently in is great for the workers comrade!!!!"
and we're dumb bots, lol
Mist
REEEEeyore
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Companies fighting for workers is absolutely fantastic for workers, and that's why the owner class wants to come up with way to put a stop to it.
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Companies fighting for workers is good, companies fighting for workers because govt policy drove labor force participation into the ground and all the free money is causing massive inflation which more than eats up the salary gains is not so good.
Unless you are job hopping constantly or in a really unnique situation you aren't getting the 15% inflation raise per year you need to stay flat in purchasing power right now.
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Tmac
Adventurer
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Falstaff
Ahn'Qiraj Raider
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Is there a way to light electronic funds on fire? I think that choice might reveal the answer...
Sanrith Descartes
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Sanrith Descartes
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Im posting it here because it stands up as one of the worst financial decisions in history.
Happy Bobby Bonilla Day!!!
If this doesn't mean anything to you, be prepared to read and facepalm...
www.cnbc.com
Happy Bobby Bonilla Day!!!
If this doesn't mean anything to you, be prepared to read and facepalm...
Bobby Bonilla 'took the Mets to the woodshed' with his lucrative 25-year deal
The Mets pay Bobby Bonilla nearly $1.2 million each year on July 1. The deal is among the best for a player in sports history for several reasons.
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Sanrith Descartes
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Tmac
Adventurer
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Im posting it here because it stands up as one of the worst financial decisions in history.
Happy Bobby Bonilla Day!!!
If this doesn't mean anything to you, be prepared to read and facepalm...
Bobby Bonilla 'took the Mets to the woodshed' with his lucrative 25-year deal
The Mets pay Bobby Bonilla nearly $1.2 million each year on July 1. The deal is among the best for a player in sports history for several reasons.
The difference between a 3% and 8% interest rate is staggering. He doubled his money!
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Sanrith Descartes
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Tmac
Adventurer
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That's an astronomical number.
Is Burry still a retard for suggesting we've got a lot further down to go?
Sanrith Descartes
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Depends. That isnt an official number. Wait until they release the official number and its +0.1% and resets the recession counter.
Tmac
Adventurer
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When has the Fed ever underpromised and overdelivered? They've done the opposite since Biden stepped into the Whitehouse.
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Jysin
Ahn'Qiraj Raider
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Atlanta Fed updated that based on ISM / construction data today.
10:00 *(US) JUN ISM MANUFACTURING: 53.0 V 54.5E (2-year low); PRICES PAID: 78.5 V 80.0E
Sub Indices:
- New Orders Index: 49.2 v 52.0e
- Employment: 47.3 v 50.0e
- Inventories: 56.0 v 55.9 prior
- Backlog of Orders: 53.2 v 58.7 prior
- New Export Orders: 50.7 v 52.9 prior
10:00 *(US) JUN CONSTRUCTION SPENDING M/M: -0.1% V 0.4%E
13:15 (US) Atlanta Fed GDPNow: Cuts Q2 GDP forecast from -1.0% to -2.1%
- The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -2.1 percent on July 1, down from -1.0 percent on June 30. After this morning's Manufacturing ISM Report On Business from the Institute for Supply Management and the construction report from the US Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 1.7 percent and -13.2 percent, respectively, to 0.8 percent and -15.2 percent, respectively.
10:00 *(US) JUN ISM MANUFACTURING: 53.0 V 54.5E (2-year low); PRICES PAID: 78.5 V 80.0E
Sub Indices:
- New Orders Index: 49.2 v 52.0e
- Employment: 47.3 v 50.0e
- Inventories: 56.0 v 55.9 prior
- Backlog of Orders: 53.2 v 58.7 prior
- New Export Orders: 50.7 v 52.9 prior
10:00 *(US) JUN CONSTRUCTION SPENDING M/M: -0.1% V 0.4%E
13:15 (US) Atlanta Fed GDPNow: Cuts Q2 GDP forecast from -1.0% to -2.1%
- The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -2.1 percent on July 1, down from -1.0 percent on June 30. After this morning's Manufacturing ISM Report On Business from the Institute for Supply Management and the construction report from the US Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 1.7 percent and -13.2 percent, respectively, to 0.8 percent and -15.2 percent, respectively.
Gravel
Mr. Poopybutthole
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The most those things ever get adjusted is like 0.2-0.3%. At -2.1%, there's no way it gets even remotely close to positive.
And why would it? I ask every week, what's gotten better in Q2? Even oil, which is down, is still up from where it was at the start of Q2.
And why would it? I ask every week, what's gotten better in Q2? Even oil, which is down, is still up from where it was at the start of Q2.
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Sanrith Descartes
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Mist
REEEEeyore
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Even more insane are the people buying crypto going into a 3-day weekend right now.People buying into a 3-day weekend...
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