If/when it does, it'll take 3-4 years to bottom on avg. Austin, SF, and Boise are already feeling it. I'm seeing more layoffs in news feeds. My company just had a round. The market is hyped on AI, so Jackson Hole will be interesting to say the least.
And yet .... still historically tight labor market. Not a bad place to be with a lot of room to lower rates. Maybe with all this industrial policy helicopter cash, we can finally realize the 4th Industrial Revolution. AI meets advanced robotics and sensors! Get in while you can!
You are literally the most negative poster on these forums. We have the lowest unemployment rate in history and you're talking about layoffs lol. Social media has really messed up people's perceptions about reality
Economic data in Europe just went from bad to worse While I don't think Europe is going to collapse... They are in for some pretty hard times which will spillover and amplify other major slowing economies. More downward pressure on energy, but less global consumer demand.
Funny how everything I told you is going happen is slowly happening....wait until the fed starts slashing rates and the real deindustrialization comes when CAPEX is much lower. Europe is so ****ed that I dont know what will happen to them. I pray that the war ends soon so we can secure cheap energy and Europe might survive.
You have quite the grandiose memory, when all I disagreed about was Europe collapsing as you kept insisting. No one is surprised Europe is going into a recession. China slowing... Europe slowing.... globe slowing.... I don't expect collapses but I think the US will be a decent spot relative the globe. While I somewhat jest about the 4th Industrial Revolution, there are some tailwinds there with US industrial policy.
What does collapse mean, how sure are we that eternal growth is the only way to improve living standards/quality of life (for at least the median person), and .... how much is modern growth even affecting said median person in today's world? Just asking questions
Powell's speech at the annual economic policy conference in Jackson Hole today. Jerome Powell took a hawkish tone in his speech at Jackson Hole, noting that while inflation has tumbled in recent months, it isn’t yet at an acceptable level. Officials at the central bank are prepared to do whatever it takes to bring the rate down to the 2% target, he said. “Although inflation has moved down from its peak—a welcome development—it remains too high, Powell said. as compared to his 2022 speech at Jackson Hole, Powell is still hawkish, but less so The general read on today’s developments is the Fed will hit the pause button when it meets again next month.
Commodore, you can do better than that ! the only thing that Tucker knows about economics is that he doesn't understand it.
if you aren't willing to tax more or spend less, you have to keep borrowing, and the only way to pay the interest on that debt is to print money. The math makes hyperinflation inevitable.
[ https://www.morningstar.com/markets...s-good-news-inflation-despite-jump-gas-prices August CPI Report Shows Good News on Inflation Despite Jump in Gas Prices CPI climbed 0.6% for the month after rising 0.2% in July. Core CPI climbed 0.3% after rising by 0.2% in July. CPI rose 3.7% year over year after increasing by 3.2% the prior month. Core CPI rose 4.3% from year-ago levels after increasing 4.7% in July. Core inflation, which excludes the volatile food and energy components, fell to its lowest levels since March 2021, with the three-month percentage change falling to 2.4% annualized—almost in line with the Fed’s 2.0% target. With core inflation normalizing, the Fed has breathing room to pause rate hikes.
You're really quoting the liars liar who couldn't even keep a job at fox and then trotted out some crackpot who said he had sex with Obama............that's who you listen to???? Now, it all makes perfect sense why your hot takes are so utterly ridiculous.
@Commodore Hyperinflation is a very extreme circumstance. Inflation was very bad in the seventies and nowhere near hyperinflation. It's really ridiculous to even suggest it as others have noted
