U.S. added 911k fewer jobs in year through March than reported earlier

Post by baron816 » Tue, Sep 09, 2025, 4:24 PM UTC

bobbylarrybobby wrote: post #147

baron816 wrote: post #136

Earlier quoted context omitted.

The good news is that these economic problems are entirely the result of bad policies and can be reversed. If we were to also raise broad based taxes, it would allow the Fed to cut interest rates, stoking long term investment, loosen up the housing market (which would allow more people to move), lower the Federal deficit, and improve the trade balance (as if that actually mattered).

The effect of a bad policy doesn't necessarily end when the policy does. The economy has inertia so some effects, such as inflation, are self-reinforcing and need active undoing even when the policy is relaxed.

Post by thisisit » Tue, Sep 09, 2025, 4:25 PM UTC

franktankbank wrote: post #72

cs702 wrote: post #53

If unemployment continues to rise, and the one-time impact on prices of tariffs leads to self-reinforcing high inflation, we'll have stagflation : https://en.wikipedia.org/wiki/Stagflation I sure hope not , because stagflation would be extremely unpleasant for everyone. Central banks like the Federal Reserve would be forced to raise interest rates, to put stress on businesses and consumers, so businesses find themsel…

The only people who care about that are the economists. You can also take a one time hit by getting back to the basics and forget the goddamn metrics.

Post by [deleted] » Tue, Sep 09, 2025, 4:27 PM UTC

hyperpape wrote: post #65

cs702 wrote: post #53

If unemployment continues to rise, and the one-time impact on prices of tariffs leads to self-reinforcing high inflation, we'll have stagflation : https://en.wikipedia.org/wiki/Stagflation I sure hope not , because stagflation would be extremely unpleasant for everyone. Central banks like the Federal Reserve would be forced to raise interest rates, to put stress on businesses and consumers, so businesses find themsel…

This post is right about some things, including the general solution to staglation, and wrong about others. Paul Volker was Fed Chair between 1979 and 1987, not 1973. The 1973 crash and recession were not caused by his actions, if you had to pick a single cause, I think Opec would be it.

Post by ashleyn » Tue, Sep 09, 2025, 4:28 PM UTC

cs702 wrote: post #53

If unemployment continues to rise, and the one-time impact on prices of tariffs leads to self-reinforcing high inflation, we'll have stagflation : https://en.wikipedia.org/wiki/Stagflation I sure hope not , because stagflation would be extremely unpleasant for everyone. Central banks like the Federal Reserve would be forced to raise interest rates, to put stress on businesses and consumers, so businesses find themsel…

Post by rsynnott » Tue, Sep 09, 2025, 4:30 PM UTC

k2enemy wrote: post #129

post_break wrote: post #124

Earlier quoted context omitted.

Gold, make sure your debts are low, trim expenses now. Start thinking long term, what things will you need 5-10 years from now that will only be much more expensive or hard to get.

If we are heading into a period of high inflation and interest rates, holding debt now is great. High unexpected inflation means that the dollars that you use to pay off the debt are worth less, and you are locked in to a low interest rate.