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The Economy

deckardB26354 said:
Here’s an actual fact for you. What you see here is called a CHART. This shows the Dow Jones (Google it) trending for the last 5 years. It shows that year over year that it’s going UP. Not down, genius. UP.
Click to expand...
The markets ALWAYS go up. They stumble a bit from time to time, but they have never not gone up over the decades.
 
Noitall said:
https://twitter.com/x/status/1830990216569725123
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The ISM is looked at as an economic indicator, but it’s not hard data. It’s a survey.

This survey result isn’t strong, but …
The PMI remained below the 50 threshold for the fifth straight month, but was above the 42.5 level that the ISM said over time indicates an expansion of the overall economy.
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The PMI and regional factory surveys have, however, consistently overstated manufacturing weakness.

So-called hard data on manufacturing production and business spending on equipment suggest the sector has been largely treading water, as demand for goods has not collapsed despite hefty rate hikes from the U.S. central bank.
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I don’t think this is a reason to pretend the sky is falling.

https://finance.yahoo.com/news/us-manufacturing-edges-august-8-140313855.html
 
Last edited:
lessOHmo said:
Harris recession

Dollar Tree says biz sucks

Stock crashes
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Why do you make the stupidest comments about the economy?

Dollar Tree sales increased to $7.37 billion in the latest quarter, and it made a profit of $203 million.

Year to date:

Dollar Tree same-store sales increased 1.5%, driven by a 2.1% increase in traffic, partially offset by a 0.6% decline in average ticket.
Click to expand...

Does any of this sound like a sign of a recession? 😆

https://corporate.dollartree.com/in...ee-inc-reports-results-for-the-second-quarter
 
MajorRewrite said:
Why do you make the stupidest comments about the economy?

Dollar Tree sales increased to $7.37 billion in the latest quarter, and it made a profit of $203 million.

Does any of this sound like a sign of a recession? 😆

https://corporate.dollartree.com/in...ee-inc-reports-results-for-the-second-quarter
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Tick-tock. It's now 61 days until the election and they are still trying to find something, anything critical to stick to Harris/Walz.
The DOW dipping .0001% points is prime opportunity to complain because Bidenomics has been making corporations and individuals rich and who knows when another precipitous plunge like that could occur?
 
Trade deficit showed today

We buy lots of shit

World doesn't buy our shit

Harris recession
 
lessOHmo said:
Trade deficit showed today

We buy lots of shit

World doesn't buy our shit

Harris recession
Click to expand...
We have always bought lots of shit
The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in goods alone hit $916 billion, a record high and an increase of about 21 percent from 2016.
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What is it now?
 
Job Openings and Labor Turnover Summary

The number of job openings was little changed at 7.7 million on the last business day of July, the U.S.
Bureau of Labor Statistics reported today. Over the month, hires changed little at 5.5 million. Total
separations increased to 5.4 million. Within separations, quits (3.3 million) and layoffs and discharges
(1.8 million) changed little.
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The number of job openings available slightly decreased but the number of hires slightly increased.
 
Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels

The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling.

Jobless claims fell by 5,000 to 227,000 for the week of Aug. 31, the Labor Department reported Thursday. That’s the fewest since the week of July 6, when 223,000 Americans filed claims.
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Good.
 
August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs

Data from the Bureau of Labor Statistics released Friday showed the labor market added 142,000 nonfarm payroll jobs in August, fewer additions than the 165,000 expected by economists.

Meanwhile, the unemployment rate fell to 4.2%, from 4.3% in July. August job additions came in higher than the revised 89,000 added in July. Additionally, revisions to the June and July labor reports showed the US economy added 86,000 fewer jobs than initially reported in those months.
Click to expand...

Wage growth, an important measure for gauging inflation pressures, rose to 3.8% year-over-year, up from a 3.6% annual gain in July.
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