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Bah..we've been stagnant for years. It was the Fed and other central banks around the world propping up economies.
Follow things like the BDI and container cargo which can't be manipulated and this is no surprise that it's finally coming to a head.
Yup. It let this administration fudge the numbers and blur the truth instead of taking needed steps his first year in office. Now his term is coming to an end, the Fed took away Wall Streets piggy bank, and Obama will walk away and stick another president with the mess he never had the courage to take on.
You know the MSM can never report anything in moderation.
It's either "surge" or "death spiral" or any other extreme adjective/adverb.
Yep. If the markets are going down, they find all the doomsayers to predict that the end is nigh. When it's going up, they put on the rah-rah guys that claim the sky is the limit. People need to pay attention to data and not to prognosticators who often are pushing a line that helps their own positions in the market.
The data, by the way, are still very good. I was especially encouraged that the quality of the jobs in this report was better than it has been and that finally, finally, we are seeing wage growth. That latter is the key to improving conditions across the spectrum. To those who are still struggling to find employment, the word is "move". There are jobs galore out there that are going unfilled but if you live in rural America, you may have to go somewhere else to find one. It's an uneven recovery, but it is real.
Yep. If the markets are going down, they find all the doomsayers to predict that the end is nigh. When it's going up, they put on the rah-rah guys that claim the sky is the limit. People need to pay attention to data and not to prognosticators who often are pushing a line that helps their own positions in the market.
The data, by the way, are still very good. I was especially encouraged that the quality of the jobs in this report was better than it has been and that finally, finally, we are seeing wage growth. That latter is the key to improving conditions across the spectrum. To those who are still struggling to find employment, the word is "move". There are jobs galore out there that are going unfilled but you if you live in rural America, you may have to go somewhere else to find one. It's an uneven recovery, but it is real.
People need to pay attention to data that cannot be manipulated by altering criteria.
Inflation and employment have both been "modified" and *surprise* those modifications produced better reports.
The BDI and port traffic is the data you should follow.
Outbound has been on a down trend and empties are up over 20% this year alone.
That means no one wants our commodities.
BDI and port traffic are forward looking indicators.
Things are going to get worse within 6 months.
major layoffs have been recently announced.
Christmas wasn't the boon to profits for retailers (and neither was 2014 Christmas).
And actually wage growth is trending downward, not upward.
Wage growth averaged 6% percent a year up until last year.
This last report of 4% is nothing to crow about.
You only lost 666,000 jobs in January. Just 149,037,000 Americans are actually working.
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