Here We Go Again....The US Economy Is Unwell,April Is Going To Be Brutal

[Sir Richard Spirit]

Don't worry you warehouse workers are safe.

I think you quoted the wrong person. It happens so it’s cool.

 

[Ethnic Vagina Finder]

The fed is saying the complete opposite.

The fed are idiots. Most of them are former Wall Street warriors. They admitted they fukked up by not getting in front of this sooner. They didn’t get in front of the housing bubble. In 2002-2003, I knew 22 year olds making $13.50 an hour getting approved for mortgages.

They’re also using economic playbooks from the 70’s and 80’s or 90’s to solve problems in the 2020’s. A lot of this shyt is common sense.

People on section 8 or making $13.00 an hour have $1000 smartphones and make monthly payments for 2 years. That’s a form of credit. More people get them which results in more people getting hired to meet the demand. But demand won’t last forever. So now your payroll expense swells but demand has peaked. And profit margins stall. Eventually you gotta cut payroll.

A lot of this shyt is common sense.


The service industry is overinflated because of these service apps like Uber eats and door dash. Companies are also willing to do more with less.

Amazon also helped cause this. They promote over spending because of the ease of purchase.

And consumers always adjust to hire prices no matter what it is.

 

[Wild self]

Time to invest in yourselves folk. Get your education and certs in. The compensation in the open market is going to get crowded.

As the baby boomers are retiring and Gen Z ain't bothering to competing, the job market will be OK to a certain extent.

 

[BaltimoreTwilightMarauder]

Gas prices neve going down

 

[Sir Richard Spirit]

The fed are idiots. Most of them are former Wall Street warriors. They admitted they fukked up by not getting in front of this sooner. They didn’t get in front of the housing bubble. In 2002-2003, I knew 22 year olds making $13.50 an hour getting approved for mortgages.

You should consult with them. Let them know part of the problem is people on section 8 paying $15 a month for a phone. I’m sure that’ll make them push even harder to end inflation.

 

[Piff Perkins]

Oh what a surprise, I was right. Again.

S&P 500 futures and Treasury yields gain on Friday as March labor report shows resilient economy

Friday's jobs report runs counter to that weak data and is likely to divide investors.

www.cnbc.com

Job growth totals 236,000 in March, near expectations as hiring pace slows

The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000.

www.cnbc.com

232k jobs, unemployment falls to 3.5%. Labor market remains strong despite tech layoffs.

"The unemployment rate for Blacks tumbled 0.7 percentage points to a record low 5%, according to data going back to 1972."

 

[JT-Money]

Cooking the jobs numbers.

 

[Unemployed GM]

 

[JT-Money]

Thanks Biden.

 

[Digital Omen]

Cooking the jobs numbers.

 

[NYChase718]

get a passport now and make plans to leave this country. If you must stay stock up on guns ammo and rations. Things are about to get ugly. America as we know it is over

 

[Godless Socialist CEO]

Don't worry you warehouse workers are safe.

This isn’t related to the thread but making fun of someone because of what they do for a living is awful for labor solidarity. Be better, warehouse workers are just as important as accountants, janitor’s, teachers etc. everyone plays and important role. Our enemy is the rich and executives. Not each other

*steps off soap box*

 

[Adeptus Astartes]

Thanks Biden.

Lol. Biden isn't responsible for stupid people taking out loans they can't afford.

 

[NYChase718]

Paying all that money for a car and go home to a fridge with water… butter …and a cabinet with a cereal box

 

[mykey]

The dollar only dies when the U.S stops being top dog at blowing shyt up.
Until then, the world will still be using it as the goto.

Nope.

China, Brazil strike deal to ditch dollar for trade

It's Beijing’s latest salvo against the greenback. Read more at straitstimes.com.

www.straitstimes.com

India and Malaysia dump dollar, to settle trade in Indian rupee

The move comes in the wake of India making efforts to shift away from US dollars—the dominant reserve currency for international trade—as it has been appreciating against the local currency in the aftermath of the Russia-Ukraine war

www.wionews.com

ASEAN Finance Ministers and Central Banks Consider Dropping US Dollar, Euro and Yen, Indonesia Calls for Phasing Out Visa and Mastercard

A meeting between ASEAN Finance Ministers and Central Bank Governors discussed the move to settle financial transactions and settlements in local currencies.

www.aseanbriefing.com

Kenya strikes oil import deal with Saudi Arabia, UAE firms

Kenya strikes oil import deal with Saudi Arabia, UAE firms

kbc.co.ke

The De-Dollarization of World Economy: Xi-Putin Agreement, Saudi Arabia's Shift to Yuan

The global economy has been dominated by the US dollar as the world's reserve currency for decades, but recent developments

moderndiplomacy.eu