271–280 of 514 posts
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No they enjoyed 30 years of stable prices and relative happiness. Government pushes a fiction prices must rise so everyone works harder.
Some people can’t comprehend that the graph can’t go up infinitely
That's how we get Boomers going on rampant climate change denialism.
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Real assets like precious metals, commodities, real estate should do well during stagflation. I think crypto (mainstream ones, not fringe) should be doing well too IMHO, despite the skeptics.
Why would real estate do well in a world of double digit interest rates?
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Its hard to ascribe individual responsibility in that way when the only two choices were existentially awful. "You elected an idiot president...", the choices were Communism, or Fascism; which is recoverable and better for people. Certainly not the former, but to be clear neither are a real choice when you vote for democracy, and not voting is a vote for both fascism/communism at the same time. Such was a similar fai…
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I'm not sure why you'd claim that. BLS figures have been revised downwards repeatedly over recent years. https://edition.cnn.com/2024/08/21/economy/bls-jobs-revision... "US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday. The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 81…
Are you reporting on this breaking news scandal that predictions about future events are not always perfectly accurate?
If the predictions are always (or mostly) wrong but always in one direction then wouldn't one begin to suspect that either a) the model is flawed, or b) that there's goal-seeking behind the scenes?
If there's a recent revision of BLS figures showing a correction of PLUS 900k jobs, I'd love to see it.
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you're getting the karma for calling Harris a communist not for making the very normal observation that first past the post is a bad system Harris was promising to be tough on border and crime and to expand the military, she was basically a bush Republican
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The interest rates were wild in 1982. My dad said that no one would lend for a mortgage, and we ended up doing seller financing to buy my childhood home. Also, not enough people talk about housing prices in high interest rate environments. Mortgage payments are the thing that tether housing prices, and act as a lever. We see it today with just an extra 4% with low housing volume and people reluctant to sell, because…
I remember my parents being excited about the opportunity to refinance their mortgage to something in the high teens. And now these days headlines act like the apocalypse is occurring when mortgage rates are in the 6-7 range.
Q: Hasn't the US monthly jobs figure frequently been revised downwards over recent years, regardless of which administration was in charge? (edit - see for instance Aug 2024: https://seekingalpha.com/news/4142722-why-was-there-such-a-b... )
It's not without precedent, but the fact that initial job numbers have been consistently inflated over the last 3 years and that the magnitude of the downwards revisions is on par with 2008-2009 for two years in a row (and growing) is concerning.
Such simple statistics and data gathering should be simple for a federal organization.
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It's not without precedent, but the fact that initial job numbers have been consistently inflated over the last 3 years and that the magnitude of the downwards revisions is on par with 2008-2009 for two years in a row (and growing) is concerning.
The need of downward revisions is 100% due to falling and selective response rate to the early survey.