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Weekly Initial Unemployment Claims decline to 249,000, 4-Week Average Lowest Since 1973
Yeah. In terms of the raw # of jobs, truly only the 90s look as good in comparison to recent history. But still, people don't seem to be as euphoric as they were in the 90s about it. It seems like nobody's jobs pay enough and everyone's sure the bottom is going to fall out tomorrow.
Yeah. In terms of the raw # of jobs, truly only the 90s look as good in comparison to recent history. But still, people don't seem to be as euphoric as they were in the 90s about it. It seems like nobody's jobs pay enough and everyone's sure the bottom is going to fall out tomorrow.
...and with way more working age population today...
Unemployment Rate Rises in Disappointing September Jobs Report
Payroll growth was disappointing for a second straight month in September as employers added 156,000 jobs, raising questions about the health of an economy that was expected to perk up from a prolonged slump in the second half of the year.
Remember what I told you, there can never be real economic growth unless we destroy our bad debts first. Economic growth is dependable on debt destruction first. No debt destruction (higher interest rates, deflation, massive defaults and bankrupcies, maximum pain), no future real economic growth.
Ah, yes. Hey - did you etch it into a tablet by a burning bush?
So far only small percentage of us are NOT FOOLED by the FED and this fabricated and phony DEBT INDUCED SO CALLED RECOVERY. How long the rest of you are going to be in denial? There is NO RECOVERY. Where would our economy be, where would housing market be, where would stock market be with 0 stimulus????????? That is the question you all should be asking yourself.
No real economic growth is possible unless we raise rates and experience massive pain, defaults and bankruptcies, unless we destroy all bad debt that we are so desperately protecting since 2001.
So far only small percentage of us are NOT FOOLED by the FED and this fabricated and phony DEBT INDUCED SO CALLED RECOVERY. How long the rest of you are going to be in denial? There is NO RECOVERY. Where would our economy be, where would housing market be, where would stock market be with 0 stimulus????????? That is the question you all should be asking yourself.
No real economic growth is possible unless we raise rates and experience massive pain, defaults and bankruptcies, unless we destroy all bad debt that we are so desperately protecting since 2001.
I was 'fooled' about Fed policy in 2008/9 and about doubled my net worth since then. What were you thinking in 2007?
I was 'fooled' about Fed policy in 2008/9 and about doubled my net worth since then. What were you thinking in 2007?
What doubling your or mine or anyones net worth since 2009 has anything to do with REAL ECONOMIC GROWTH???????????????? It has all to do with stealing future earnings by the FED, stealing public taxpayer money, adding massive debt to create WEALTH EFFECT. Pumping stocks and housing to create wealth effect is not an economic recovery, it's just another cancerous asset bubble that is going to deflate rapidly as soon as you raise interest rates.
ECONOMIC RECOVERY IS AN ILLUSION, ONE BIG FAT LIE!!!!!
Higher interest rates will kill stock market gains, housing interest AND will kill our phony and fake recovery. Yes. This is not a problem. We have larger fish to fry. Higher interest rates will force prices down rapidly. Fed's attempts to steal more money for the Wall Street banks by buying more bank mortgage debt has created another bubble in housing; but when reality strikes (remember Volcker's 23% interest rates in 1982 - this time around will be even higher), house prices, stocks and everything else will fall like a rotten fruit back to the ground.
We are debt addicts Hoonose and need to go through rehab, and I'm choosing 'cold turkey' as a medicine. That's what raising rates does. You seem to have hope that idiots at the Fed might turn things around through another QE4 and 5 and 6? and 7, NIRP maybe? I don't. No economic growth is possible until debt gets destroyed.
What doubling your or mine or anyones net worth since 2009 has anything to do with REAL ECONOMIC GROWTH???????????????? It has all to do with stealing future earnings by the FED, stealing public taxpayer money, adding massive debt to create WEALTH EFFECT. Pumping stocks and housing to create wealth effect is not an economic recovery, it's just another cancerous asset bubble that is going to deflate rapidly as soon as you raise interest rates.
ECONOMIC RECOVERY IS AN ILLUSION, ONE BIG FAT LIE!!!!!
Higher interest rates will kill stock market gains, housing interest AND will kill our phony and fake recovery. Yes. This is not a problem. We have larger fish to fry. Higher interest rates will force prices down rapidly. Fed's attempts to steal more money for the Wall Street banks by buying more bank mortgage debt has created another bubble in housing; but when reality strikes (remember Volcker's 23% interest rates in 1982 - this time around will be even higher), house prices, stocks and everything else will fall like a rotten fruit back to the ground.
We are debt addicts Hoonose and need to go through rehab, and I'm choosing 'cold turkey' as a medicine. That's what raising rates does. You seem to have hope that idiots at the Fed might turn things around through another QE4 and 5 and 6? and 7, NIRP maybe? I don't. No economic growth is possible until debt gets destroyed.
.
By a very very long shot I am not the only one to make considerable gains via debt. And far from the last. And as I come to the conclusion of generating years, I no longer need or have any significant debt. Unless maybe zero interest.
Growth is money, stuff, health, happiness, security and improved standards of living, for more and more people. Much of which is fueled by debt.
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