Jobs report

#651
#651
Biopsyman said:
Rising rates will be good for savers
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It will but it will be a shock to the system. People have gotten use to historically low rates and spending will slow. people (with decent credit) have come to expect near 0% on cars and in the 3% range on mortgages.
 
#652
#652
hog88 said:
It will but it will be a shock to the system. People have gotten use to historically low rates and spending will slow. people (with decent credit) have come to expect near 0% on cars and in the 3% range on mortgages.
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There should be some bite when you borrow money... Zero rates causes poor decision making with money
 
#653
#653
Biopsyman said:
There should be some bite when you borrow money... Zero rates causes poor decision making with money
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I agree. I'm just stating facts.

I personally have borrowed more than I normally would due to low rates. That will stop once rates rise.
 
#654
#654
volinbham said:
Get a year of 5 or 6% of GDP growth and then we'll see what happens to the labor market.
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When was the last time that happened? 1984?

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#655
#655
Abe Hoffman said:
Yes, there will be another recession. Recessions and recoveries have existed since the US was founded. We had recessions before the Federal Reserve existed and when bailouts meant removing water from a boat.
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The economy has been much more stable with the Fed. Less extreme boom and bust cycles.
 
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#656
#656
Velo Vol said:
When was the last time that happened? 1984?

ecc1_5-eng.gif
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At this point I'd settle for anything above 3. Your chart shows plenty of +4% growth years.

The point remains - lack of economic growth is a bigger explanation of our paltry job growth and is technological displacement.

Technological displacement is a long term trend, I'm waiting for someone to show how it suddenly ramped up just since Obama was elected. Also, if such a change in the trajectory of technological advancement occurred why haven't we seen corresponding economic growth?
 
#657
#657
Velo Vol said:
The economy has been much more stable with the Fed. Less extreme boom and bust cycles.
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what is your reference point? I'm not suggesting it is otherwise but comparing pre-Fed US economy to post sure introduces a tremendous amount of conflating factors.
 
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#658
#658
volinbham said:
Technological displacement is a long term trend, I'm waiting for someone to show how it suddenly ramped up just since Obama was elected. Also, if such a change in the trajectory of technological advancement occurred why haven't we seen corresponding economic growth?
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This is just an excuse to make Obama look like a victim of circumstance when observing the utter failure of economic growth under his administration.
 
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#661
#661
hog88 said:
They can't remain this low very much longer as we cannot keep printing monopoly money very much longer.
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The Federal Reserve has more weapons in its arsenal than changes in the money supply. And, I like their "monopoly money".
 
#663
#663
Abe Hoffman said:
The Federal Reserve has more weapons in its arsenal than changes in the money supply. And, I like their "monopoly money".
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What other weapons does the fed have to stimulate the economy? Interest rates are zero (negative in Europe), reserve requirements are so low even the commercial banks are practically printing monopoly money, the fed bought all the junk assets from the banks at face value. The only thing they haven't tried is helicopter drops of money to the general population.
 
#664
#664
hog88 said:
They be about out of bullets.
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Yeppers. We out of bullets while central banks around the world are just now firing theirs. Multinational companies are getting killed with the high dollar. Earnings are suspect in the 2nd quarter and market is overvalued. The fed needs to raise, but cant to protect the dollar. The may do a token raise, so they can lower it again pretty soon afterwards. They are cod locked.
 
#666
#666
red butler said:
What other weapons does the fed have to stimulate the economy? Interest rates are zero (negative in Europe), reserve requirements are so low even the commercial banks are practically printing monopoly money, the fed bought all the junk assets from the banks at face value. The only thing they haven't tried is helicopter drops of money to the general population.
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There is still some room to move on the Discount Rate and Reserve Ratio; however, I will admit that the possibility exists for the economy falling into the "Liquidity Trap" as has happened in Japan.
 
#669
#669
Vol8188 said:
"Yes, he did". I think we should buy the rights to that phrase and sell it on buttons and bumper stickers.
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You should start a "Yes He Did" thread. Could be solid gold.

Then get your Yes He Did product....link some tweets over here. Start selling.

I'm all for you making a fortune.
 
#670
#670
hog88 said:
I agree that no one should be blaming Obama or the Dems for technological advancements.

Where Obama and the Dems hold the blame is for Obamacare, draconian environmental regulations, absurd work safety regulations, and supporting union labor. All increases the cost of labor making industry/business look for alternatives to employees.

This is where you constantly demonstrate economic stupidity.
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Fify
 
#671
#671
DC_Vol said:
You should start a "Yes He Did" thread. Could be solid gold.

Then get your Yes He Did product....link some tweets over here. Start selling.

I'm all for you making a fortune.
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There's a segment of our population that would eat that **** up. Have you seen the "yes, we did" stuff?
 
#672
#672
red butler said:
What other weapons does the fed have to stimulate the economy? Interest rates are zero (negative in Europe), reserve requirements are so low even the commercial banks are practically printing monopoly money, the fed bought all the junk assets from the banks at face value. The only thing they haven't tried is helicopter drops of money to the general population.
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As Slim Pickens once said...."Helicopters is too danged expensive. Send out a couple of drones."
 
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