Jobs are down? What bizarro world are you living in? Unemployment is at a record low and wages are rising for the first time in decades.
Jobs aren't down. There are more than 10 million job vacancies in the US with the National Federation of Independent Businesses (NFIB) yesterday reporting that a net +48% of small businesses have job openings they can’t fill. There is absolutely no problem with demand. The issue is the lack of workers to hire with the labour participation rate remaining woefully low at 61.8%. https://think.ing.com/articles/us-economy-held-back-by-a-lack-of-willing-workers/ U.S. job growth likely picked up; unemployment rate seen at 20-month low "There is clearly massive demand out there for workers. The bigger issue is the supply to meet that demand," said James Knightley, chief international economist at ING in New York. https://www.reuters.com/markets/us/us-job-growth-likely-picked-up-unemployment-rate-seen-20-month-low-2021-12-03/
not sure whether to trust the doctored inflation numbers either. My god why are people so stupid these days with cognitive dissonance and confirmation bias. Why even attempt to pretend that you want to discuss things when you are selectively and willfully stupid.
in that case, my bad. Sadly, plenty of morons here say that kind of stuff and mean it 100 percent. See astrodome above. But again, my bad. Didn’t read the sarcasm,
I know it's been a year but I'm pretty sure inflation is due to Covid measures like unemployment payments at $600 from fed plus state payout. I don't have a problem with the extra it was too much though. People not working cause they make more collecting unemployment will drive inflation
All I know is when you pay people not to work Their Instagram pictures have like beach and sand or mountains in the background
There's always something to worry about that you wish it all washes away every 4 years. It beats empty lots and small business foreclosures
How exactly would a stimulus in the US cause worldwide inflation? https://www.pewresearch.org/fact-ta...he-u-s-has-seen-one-of-the-biggest-increases/ Its almost as if there was some other thing, like a global thing, that might have something to do with it.
It's almost like there was a sudden worldwide pandemic that has infected hundreds of millions, killed millions, and had a gigantic impact on the economies of the world's most developed nations, as well as every other nation on this planet. Golly, that couldn't have caused any of this, could it?
If in 6 to 9 month we start seeing significant layoffs, will you question the current numbers/narrative? Just yes or no. I'm not trying to convince you or anyone one way or another My thesis is the markets are very distorted across the board and those celebrating great times are largely ignoring what is going on in the rest of the world.
