Because I didn't sleep through English class like you obviously did in high school and as a result I know that you're supposed to capitalize proper nouns.
Correct. Normie-friendly sources like MarketWatch or Jim Cramer would never do anything to spook retail investors, at least not until Big Moneyā¢ has made their moves. Only then will Big Money send the OK signal to the financial media outlets so they can start saying, "OK, well actually there is a recession and rampant inflation and we've been in the shit this whole time and it's all very bad and we're all fucked."
Of course Big Money will have their shorts or whatever ready to go to capture the retail reaction.
Then maybe boomers should do something about the hate they get by not continuing to do the things they get shit on for?
It's like the people that go off on me for being critical of women and enjoying the fact that the trans mess they allowed is destroying their areas. Maybe the people getting hate should look in the mirror and realize why they're getting that hate? If it was so easy to put a wedge between groups maybe that says more about what the groups themselves did to allow that wedge than the people calling them out.
35 year old millennial here, yes I do think that I'm more plugged in to what's actually going on than your average boomer, certainly as far as the market and economy but also in pretty much everything else. Don't know anything about what goes on at the local bingo hall though, so they've got me beat there.
Yeah but the hot financial takes on this site are usually uninformed garbage. Lots of financially savvy pedes lower in the comments, but shouting āgreat resetā and āmuh bugsā gets more upvotes. Prob from bots tbh.
Remember when resident potato campaigned that Trump was responsible for a recession... when the entire global economy went to shit because of covid faggots? Good times.
Unemployment is low because people ran out of unemployment and couldnāt keep filing for it. If unemployment was actually low there wouldnāt be ānow hiringā or ālooking for helpā signs on damn near every business I go to or drive past.
You're right there are alot of people who gave up and probably just live off state and federal benefits. But there's also a lot of other options nowadays. Like remote working. People more than ever before are doing more side gigs and have different ways of making money. I can bet you if you're sign said you start at 22 an hour you'd have people coming in to apply. In many places 12-14$ isn't worth it anymore. It'll cost you as much just to get to work filling up your tank.
If you live 15 miles from work that's a gallon there and a gallon back with crap mileage. Thats 10 dollars a day at 5 dollars a gallon. That's less than one hour of work at 12 dollars an hour.
There are many people here in California drive further than that to work in severe stop and go traffic. Like a 10mph crawl of constant braking. But people who commute that far usually it's a better job than minimum wage. You could get one of those closer to home.
I'm not exactly sure why there's a hiring crisis. It's probably an accumulation of things. I think the internet made it possible to do a much wider range of things for money.
It doesn't help that corporations want to run on skeleton crews to save money. The new norm is to hire a few people at $12/hour and then run their ass ragged doing the work of 10 people until they quit.
Oh good. I guess it's just all in my head my gas bill has doubled, my grocery bill has gone up 30% or so, etc. Nothing to see here guys. Move along. Job growth is doing great!
"Pay no attention as your savings disappear and your relative wages decrease! Everything is fine! Just go back to sleep, consume product, and get excited to consume next product!"
We've hit the same unemployment as 2019. Almost as if the lock down states have now opened up. The incentives to pay people more to stay home have dried up.
That is an insane fucking statement coming from Marketwatch. A recession is 2 consecutive quarters of declining GDP growth maybe with a slight rise in unemployment. Our last GDP print was negative 1.6%, so we are halfway there. And unemployment follows the decline in GDP not precedes it. We are surrounded by fucking idiots
Unemployment numbers are bullshit. If people drop out of the workforce (i.e. they quit looking for a job), they're no longer "unemployed". The "job gains" the administration keeps touting had to happen, since their left-leaning governors started opening everything back up after shutting everything down. I don't think "returning to normal operation" (although that's a stretch, considering many businesses did not survive the dictatorial shutdown) really counts as making things better. FJB and the horse he road in on.
Shipping is a leading indicator of a recession, if not the leading indicator.
Rising inventories of unsold product sitting in warehouses.
Dry van utilisation rates dropping off a cliff.
Rate rejection rates of the largest common carriers plummeting to record lows the llkes of which the industry hasn't seen since 2008 all indicate we are already in a recession.
No one in the comments has mentioned the labor participation rate... come on guys. It's the pimple on this "low unemployment" claim. We're below 2016 Obama lows of labor participation. Only mentioning one rate (unemployment) doesn't mean jack shit.
There's more than can be picked apart than with just two metrics, but we've got to be better at countering this stupid argument of low unemployment rate. Need to point to other cold hard facts that describe the situation. There's no way we can produce as much with more and more people being not interested in working!
Well, I just paid $400 for groceries that would have cost $250 six months ago. No baby formula to be found. I just paid $4.89 a gallon for regular gas, I just sold my car to a dealer for $10k more than I bought it for a year and a half ago, and my retirement accounts are down 20% YTD. Recession or no recession, we have massive stagflation. I knew Biden would be a terrible president, but I didnāt know anyone could be this terrible. Pay attention folks - this is what happens when the left controls all three branches of government. The worst has yet to come. Iāll never vote for a democrat the rest of my life, judging by the way things are going, wonāt be very long.
Capital Expenditure is about to get slashed. Companies are already making plans to pull back to keep ocf targets. After that happens everything starts to slow. When work slows then revenue slows. Then companies start looking to reduce operational expenses which then destroys those low unemployment numbers. So, give it 6-10 months and see if this title still holds true.
LOL. UI is low because over the last couple years millions of people have decided they'd rather just be on assistance than work. And capital expenditure is up for the same reason smart people are buying anything that isn't nailed down: holding cash is complete insanity right now.
Both of those signals mentioned in the byline don't suggest much about recession.
People are taking whatever bullshit job they can find because desperation is setting in and they're running out of those free Biden Bucks.
Corporate capital expenditure is up also because of aforementioned Biden Bucks. This was to try to offset the massive collapse that was already taking place.
If these things were happening organically it would be one thing, but they're happening because of looming recession. The other shoe just hasn't dropped yet.
that's half of the price of a California fill-up!
Fact check: Fluffykitten did not in fact pay $50 for half a tank of gas, it was 49% of a tank of gas.
DEBOONKED.
Gas is not 7$ a gallon in California. Fake news. It's 7$ for 9/10ths of a gallon.
gas prices are high cause of white supremacy!!!!
Yeah if you crackers didnāt invent gas, cars, and electricity we wouldnāt be having these problems. Damn you all eat some peanut butter.
My gas prices are so high, I just paid with Willie Nelson.
The question will be a what price will you have to whore yourself to Big Mike?
Hunter Biden price.
I paid $5.669 gal at Costco in Van Nuys, CA yesterday. It's the cheapest Tier 1 gas around.
I have a 100 gallon transfer tank that needs to be filled with diesel. Be afraid....
Ooohhh, a high roller. Right this way, Mr Rockefeller.
did you schedule the closing yet?
And I just paid $100 for 18 gallons of regular (shithole CA)
$116 for 16 gallons of premium here.
Damn that's cheap... just paid $64 for 12....
Lol I wouldnāt call it cheap. It might be less expensive, but certainly not cheap.
Especially when a mere 2-3 years ago I could fill up with $40 or less.
They just need more bagholders for the markets.
Once they say weāre in a depression that is when you buy.
Not headed for a recession? You check the stock market recently? Dumbass.
There is no way we're heading for a recession.
It's called the great depression 2.0!
Know any good Opossum recipes?
The key to 'possum stew is scraping the grease off the top every few minutes.
Well, okay ... I wasn't expecting actual practical advice out of that one, but that's going in my "How to survive the economic apocalypse" notebook.
Thatās the best part
Dip cardboard in it and eat it . Can also use old newspaper. Filling!
Itās best et at the fancy eatinā table.
Heh, true that. Helps to pressure cook them for 15 minutes first too.
According to Chef Jed Clampett, Opossum innards always taste better the next day
Guinea pigs taste like chicken.
Every thing will start to taste like chicken soon
Not long pig.
Seen me a fat opossum the other night waddling through the field. He'll make a nice supper, and a fine hat.
Why did you capitalize opposum?
Oh no, is that the latest woke trend?
āSmartbphoneā auto correct.
Because I didn't sleep through English class like you obviously did in high school and as a result I know that you're supposed to capitalize proper nouns.
Anyone have a recipe for armadillo?
CNN: Why a great depression is good for you and the hidden benefits it has on our society.
Stagflation. That gets bad when the layoffs start.
GD2
(I'm copywriting this for when it happens)
For which one? The āGreat Depression 2ā or the āGreat Dying 2ā?
His demographic is low-info boomers. Trying to sedate them so they don't exit the markets too fast.
Correct. Normie-friendly sources like MarketWatch or Jim Cramer would never do anything to spook retail investors, at least not until Big Moneyā¢ has made their moves. Only then will Big Money send the OK signal to the financial media outlets so they can start saying, "OK, well actually there is a recession and rampant inflation and we've been in the shit this whole time and it's all very bad and we're all fucked."
Of course Big Money will have their shorts or whatever ready to go to capture the retail reaction.
Just like 2007
Boomers all own multiple homes and a large percentage of wealth https://patriots.win/p/15Huxf3teF/millennials-are-the-least-wealth/c/. They simply don't care and are set for life.
"Boomers all own multiple homes"
Completely and demonstrably false. This whole "boomers this and boomers that" is just another division tactic from the Left.
Then maybe boomers should do something about the hate they get by not continuing to do the things they get shit on for?
It's like the people that go off on me for being critical of women and enjoying the fact that the trans mess they allowed is destroying their areas. Maybe the people getting hate should look in the mirror and realize why they're getting that hate? If it was so easy to put a wedge between groups maybe that says more about what the groups themselves did to allow that wedge than the people calling them out.
That graph is garbage and completely ignores the greatest generation, giving the boomers a higher percentage in 1990.
35 year old millennial here, yes I do think that I'm more plugged in to what's actually going on than your average boomer, certainly as far as the market and economy but also in pretty much everything else. Don't know anything about what goes on at the local bingo hall though, so they've got me beat there.
Yes. They do.
Fact check: true, we are already in a recession
A recession is two quarters of negative GDP growth I think. We just had the first one.
https://www.investopedia.com/terms/r/recession.asp
"Therefore speak I to them in parables: because they seeing see not; and hearing they hear not, neither do they understand." Mathew 13:13
Better hold on tight then.
Oh it's gonna get bad, this is just the beginning
If you're counting by way of official data, then sure.
its not true unless CNN reports it
havent you learned anything??
This article reminds me of all the low IQ retards on this site that screech DoOmEr!1!!1 at anyone that is a realist.
Hopium is a hell of a drug.
Yeah but the hot financial takes on this site are usually uninformed garbage. Lots of financially savvy pedes lower in the comments, but shouting āgreat resetā and āmuh bugsā gets more upvotes. Prob from bots tbh.
I seriously had to check what the ingredients were though in my protein pancakes and bread though because of those damn posts.
"eat ze bugs and be happy!" is funny though
They need bagholders you know?
Christopher Smart? More like Christopher Fucking-Retard.
No he's smart, money-wise. He takes the payout when it's offered.
When a piece of bread can buy a bag of gold, it will be the dumbest decision you could possibly make.
You know, when the Soviet Union collapsed, Soviet citizens had plenty of money and work. But when they went to the store, there was nothing to buy.
When there is not enough food and basic goods to go around, do you think unemployment is going to be high?
Furthermore what good is a job if the wages are not even close to being sufficient to put food on the table?
Not every economic collapse is going to look the same. This is basic stuff, and these people are delusional, partisan, sycophantic fucking hacks.
You can also improve the economy by re-legalizing slavery.
I don't give a shit what the DOW looks like.
I care what my life looks like.
It worked for Rome. Of wait it didnāt.
They outlawed slavery at one point then brought it back later? Or, did they just continually have slavery?
Yeah, this is like if Krugman wriote his famous article "The invention of the Internet is no bigger deal than the fax machine" but wrote it this year.
Translation: We're totally fucked.
Top 10 reasons you will actually like eating microwaveable cockroach patties, Number 7 won't even make you cry!
number 3 will SHOCK YOU!!!
Literally: No. 3 is shock therapy.
1st time in history that shit isn't clickbait.
Cockroach is for the mob. Iām living it up on Microsoft brand synthetic breast milk.
"The US is headed for a depression and the world is going to burn!"
Fucked is what we've been for the last three decades - play your cards right, this can be the unfuckening part.
As it has always been.
The leftist way is to just take any bad thing and say its not bad, because I said so. Jedi mind trick.
It's the worst kind of blatant gaslighting.
Of course, it's also not difficult to spot if you have a modicum of common sense.
Yeah unemployment has reached historic lows because they no longer count those on unemployment benefits as unemployed....
You don't even want to know how many have given up.
And does the author even wonder why corporate spending is up? Hmmmmā¦.š¤
Unemployment numbers are cooked by the US Government.
Capital Spending is up because holding cash in the midst of high inflation is stupid.
Christopher Smart is actually Fucking Stupid.
WHAT A TWEEEST
Waiting for Jim Cramer to confirm
Cramer: I'M TELLIN' YA, FOLKS, BUY, BUY, BUY! I'VE NEVER SEEN ANYTHING SO POISED TO TAKE OFF!
Also Cramer: Hey, Jim, once that stock pops, sell my shares.
Unemployment is so low, you get to PAY TO WORK. Thatās a privilege
its the new Blackrock intern program.
Remember when resident potato campaigned that Trump was responsible for a recession... when the entire global economy went to shit because of covid faggots? Good times.
āCorporate capital expenditure is upā
You mean businesses have to spend more money?
CHECKMATE, INFLATION!
We can fix that with more taxes!
inflation is a tax
tax is a fancy word for slavery
Unemployment is low because people ran out of unemployment and couldnāt keep filing for it. If unemployment was actually low there wouldnāt be ānow hiringā or ālooking for helpā signs on damn near every business I go to or drive past.
There is tho. Everyone is hiring because they don't pay people enough to be competitive
Competitive with not working? Which pays how much? If they were working somewhere else you're statement would be true. But they aren't working.
You're right there are alot of people who gave up and probably just live off state and federal benefits. But there's also a lot of other options nowadays. Like remote working. People more than ever before are doing more side gigs and have different ways of making money. I can bet you if you're sign said you start at 22 an hour you'd have people coming in to apply. In many places 12-14$ isn't worth it anymore. It'll cost you as much just to get to work filling up your tank.
If you live 15 miles from work that's a gallon there and a gallon back with crap mileage. Thats 10 dollars a day at 5 dollars a gallon. That's less than one hour of work at 12 dollars an hour.
There are many people here in California drive further than that to work in severe stop and go traffic. Like a 10mph crawl of constant braking. But people who commute that far usually it's a better job than minimum wage. You could get one of those closer to home.
I'm not exactly sure why there's a hiring crisis. It's probably an accumulation of things. I think the internet made it possible to do a much wider range of things for money.
Most of those jobs aren't recession proof. The gig market is luxury based. We are in for a wild ride.
It doesn't help that corporations want to run on skeleton crews to save money. The new norm is to hire a few people at $12/hour and then run their ass ragged doing the work of 10 people until they quit.
Oh good. I guess it's just all in my head my gas bill has doubled, my grocery bill has gone up 30% or so, etc. Nothing to see here guys. Move along. Job growth is doing great!
"Pay no attention as your savings disappear and your relative wages decrease! Everything is fine! Just go back to sleep, consume product, and get excited to consume next product!"
Can't afford new product
Hahahhahahaā¦.. whatās gonna stop it? Nuclear destruction? Meteor?
Whatever it is I hope it lands right on top of Washington DC.
Trajectory heading to two straight quarters of negative growth. Highest recorded inflation in decades. Who the hell hired this ignoramus?
Gaslighting at it's finest.
marketwatch is an insufferable demonrat propaganda outlet (toilet)
For those still engaging in archiving/record keeping etc
https://www.yahoo.com/finance/m/a7c9202b-e2b7-352b-a206-4882a9100d4a/the-u-s-isnāt-headed-for.html
So the opposite of this, everyone šāāļø šāāļø
We've hit the same unemployment as 2019. Almost as if the lock down states have now opened up. The incentives to pay people more to stay home have dried up.
An easy win for Biden.
he keeps saying low unemployment is due to him
NO IT IS NOT YOU SENILE OLD FUCK!!
its people going back to the jobs you dumb ass democrats shut down cause of the WU FLU.
What's the percentage of Americans that aren't in the job force?
Unemployment is low because people stopped looking for work when the govt started handing out cash.
Correct! Say it with me, and out loud: PEOPLE GOING BACK TO THEIR JOBS, OR OTHERS FILLING THOSE JOB VACANCIES IS NOT "CREATING JOBS".
That is an insane fucking statement coming from Marketwatch. A recession is 2 consecutive quarters of declining GDP growth maybe with a slight rise in unemployment. Our last GDP print was negative 1.6%, so we are halfway there. And unemployment follows the decline in GDP not precedes it. We are surrounded by fucking idiots
Soon I guarantee we won't have to debate the minutia of what qualifies as a recession. It will be very evident.
So THAT's why the released MONKEYPOX?
Now I understand. LOLOLOL
Fiery but mostly peaceful economic collapse.
Fucking bullshit. The country is in freefall, no ammount of smokescreen can hide it.
I agree it isn't headed to one, it's already here.
Didnāt they just post yesterday that inflation is good for the planet?
As a matter of fact they did. Great memory fren!
Unemployment numbers are bullshit. If people drop out of the workforce (i.e. they quit looking for a job), they're no longer "unemployed". The "job gains" the administration keeps touting had to happen, since their left-leaning governors started opening everything back up after shutting everything down. I don't think "returning to normal operation" (although that's a stretch, considering many businesses did not survive the dictatorial shutdown) really counts as making things better. FJB and the horse he road in on.
How is unemployment so low when literally every place of business is understaffed right now?
Pay no attention to the man behind the curtain. Freedom is slavery.
Shipping is a leading indicator of a recession, if not the leading indicator.
Rising inventories of unsold product sitting in warehouses.
Dry van utilisation rates dropping off a cliff.
Rate rejection rates of the largest common carriers plummeting to record lows the llkes of which the industry hasn't seen since 2008 all indicate we are already in a recession.
this fool must have gotten into Hunters crack stash.
We are so utterly fucked.
No one in the comments has mentioned the labor participation rate... come on guys. It's the pimple on this "low unemployment" claim. We're below 2016 Obama lows of labor participation. Only mentioning one rate (unemployment) doesn't mean jack shit.
There's more than can be picked apart than with just two metrics, but we've got to be better at countering this stupid argument of low unemployment rate. Need to point to other cold hard facts that describe the situation. There's no way we can produce as much with more and more people being not interested in working!
Pedes should look into how the governments definition of unemployment has changed.
Pure Barbara Streisand....
Well, I just paid $400 for groceries that would have cost $250 six months ago. No baby formula to be found. I just paid $4.89 a gallon for regular gas, I just sold my car to a dealer for $10k more than I bought it for a year and a half ago, and my retirement accounts are down 20% YTD. Recession or no recession, we have massive stagflation. I knew Biden would be a terrible president, but I didnāt know anyone could be this terrible. Pay attention folks - this is what happens when the left controls all three branches of government. The worst has yet to come. Iāll never vote for a democrat the rest of my life, judging by the way things are going, wonāt be very long.
I'm sure they'd write the same article if Trump were President š
In what world is stagflation good?
Capital Expenditure is about to get slashed. Companies are already making plans to pull back to keep ocf targets. After that happens everything starts to slow. When work slows then revenue slows. Then companies start looking to reduce operational expenses which then destroys those low unemployment numbers. So, give it 6-10 months and see if this title still holds true.
Christopher is not smart
LOL. UI is low because over the last couple years millions of people have decided they'd rather just be on assistance than work. And capital expenditure is up for the same reason smart people are buying anything that isn't nailed down: holding cash is complete insanity right now.
There's a reason why if you cannot see the forest anymore, it's because you have already entered the forest and cannot see the outside anymore.
Both of those signals mentioned in the byline don't suggest much about recession.
People are taking whatever bullshit job they can find because desperation is setting in and they're running out of those free Biden Bucks.
Corporate capital expenditure is up also because of aforementioned Biden Bucks. This was to try to offset the massive collapse that was already taking place.
If these things were happening organically it would be one thing, but they're happening because of looming recession. The other shoe just hasn't dropped yet.
The U.S. is headed for recession. And will be consumed by inflationary fires.
FJB.
Market Watch yesterday - poverty is prosperity.
Not very Smart...