Buffalo_Gal Posted October 26, 2018 Share Posted October 26, 2018 3.4% was expected, comes in at 3.5%, and we all know it will be adjusted up in a few weeks...Gross Domestic Product, 3rd quarter 2018 (advance estimate)Real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2018 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.2 percent. Link to comment Share on other sites More sharing options...
Tiberius Posted October 26, 2018 Share Posted October 26, 2018 Another horrible day on Wall Street. https://www.marketwatch.com/story/us-stock-futures-under-pressure-after-amazon-google-disappoint-2018-10-26 Link to comment Share on other sites More sharing options...
ALF Posted October 31, 2018 Share Posted October 31, 2018 GM offers buyouts to 18,000 employees (salary) GM employees with 12 or more years at the company -- about 18,000 of its 50,000 salaried staff in the United States -- will be given the offer. Typically about 10 to 15% of those eligible take the offers. GM is also dealing with some higher costs associated with tariffs on imported steel and aluminum, which has raised its commodity costs by about $300 million in the third quarter, and could raise costs by $1 billion next year. The automakers have not announced plans to offer buyouts to hourly production workers at their factories, which would require an agreement with the United Autoworkers union. https://www.cnn.com/2018/10/31/business/gm-buyouts/index.html 18,000 salary would mean massive number for hourly Link to comment Share on other sites More sharing options...
Buffalo_Gal Posted October 31, 2018 Share Posted October 31, 2018 U.S. creates 227,000 private-sector jobs in October, ADP says 227,000 actual 178,000 predicted However, September was adjusted down a smidge. Link to comment Share on other sites More sharing options...
IDBillzFan Posted October 31, 2018 Share Posted October 31, 2018 1 hour ago, Buffalo_Gal said: U.S. creates 227,000 private-sector jobs in October, ADP says 227,000 actual 178,000 predicted However, September was adjusted down a smidge. Thanks, Obama! Link to comment Share on other sites More sharing options...
Chef Jim Posted October 31, 2018 Share Posted October 31, 2018 On 10/26/2018 at 8:31 AM, Tiberius said: Another horrible day on Wall Street. https://www.marketwatch.com/story/us-stock-futures-under-pressure-after-amazon-google-disappoint-2018-10-26 So the "Trump Economy" is only responsible for the horrible days on Wall Street? Link to comment Share on other sites More sharing options...
Koko78 Posted November 1, 2018 Share Posted November 1, 2018 1 hour ago, Chef Jim said: So the "Trump Economy" is only responsible for the horrible days on Wall Street? Correct. Everything good that happened after January 20, 2017 is due to Obama's enlightened rule. Everything bad that happens is due to Trump's ineptness. It's not dissimilar to the actual literal fact that everything bad that happened between January 20, 2009 and January 20, 2017 was due to Bush's incompetence, while everything good that happened during that time frame was due to Obama's enlightened rule. Praise be Obama. Link to comment Share on other sites More sharing options...
Kevbeau Posted November 1, 2018 Share Posted November 1, 2018 6 hours ago, ALF said: GM offers buyouts to 18,000 employees (salary) GM employees with 12 or more years at the company -- about 18,000 of its 50,000 salaried staff in the United States -- will be given the offer. Typically about 10 to 15% of those eligible take the offers. GM is also dealing with some higher costs associated with tariffs on imported steel and aluminum, which has raised its commodity costs by about $300 million in the third quarter, and could raise costs by $1 billion next year. The automakers have not announced plans to offer buyouts to hourly production workers at their factories, which would require an agreement with the United Autoworkers union. https://www.cnn.com/2018/10/31/business/gm-buyouts/index.html 18,000 salary would mean massive number for hourly This is becoming the norm in corporate America. The phone carriers do this once year as an annual “cut the tail excercise.” Think Jack Welch’s old bell curve system. So far a lot of companies, including my own have been generous with severance. We’ll see how long that lasts. Technological efficiencies have evolved fast in the corporate space as well. As an example, consider the cheap computing power now available. Think what one person can do from a simple accounting standpoint versus a decade ago. Extrapolate that to HR, purchasing, etc and there’s no need to keep people around who are at the bottom of the curve. For the most part, if you’re good at your job and you have a marketable skill set, there’s nothing to worry about. If anyone with a laptop and a decent work ethic can do your job....may want enroll in some online courses. Link to comment Share on other sites More sharing options...
B-Man Posted November 1, 2018 Share Posted November 1, 2018 (edited) U.S. workers see fastest wage growth in a decade, outpacing inflation. Can you imagine if we had this blistering economy with a Democrat President? The MSM would be covering nothing else. Even people who are generally on the side of President Trump have come to accept that the biggest story in many, many years, and the biggest success story in the American economy that anyone can remember, and which vindicates every conservative principle about taxes and regulation in spectacular fashion, is not even news that merits being reported. So true. by Glenn Reynolds Edited November 1, 2018 by B-Man Link to comment Share on other sites More sharing options...
B-Man Posted November 2, 2018 Share Posted November 2, 2018 Even Never-Trumpers are convinced. Quote Hugh HewittVerified account @hughhewitt 47m47 minutes ago Wow. Economy is on fire. Job creation blew out the estimates (250K v. 188K estimate). All time low unemployment rate for Hispanics. Terrific employment conditions for everyone. Are voters really going to invite @NancyPelsoi and her colleagues back to power? I don't think so. 1 Link to comment Share on other sites More sharing options...
Deranged Rhino Posted November 2, 2018 Share Posted November 2, 2018 https://mobile.twitter.com/kevcirilli/status/1058337580087984130 Link to comment Share on other sites More sharing options...
B-Man Posted November 4, 2018 Share Posted November 4, 2018 . 2 Link to comment Share on other sites More sharing options...
Rob's House Posted November 6, 2018 Share Posted November 6, 2018 https://thehill.com/policy/finance/414042-yearly-wage-growth-rises-to-fastest-rate-since-2008?amp&__twitter_impression=true 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted November 7, 2018 Share Posted November 7, 2018 The market is up big today because the Dems retook The House - Idiot libs that post about a day in the market in a thread about the economy. 1 Link to comment Share on other sites More sharing options...
3rdnlng Posted November 7, 2018 Share Posted November 7, 2018 28 minutes ago, Chef Jim said: The market is up big today because the Dems retook The House - Idiot libs that post about a day in the market in a thread about the economy. The market was going to be up either way the House turned. Certainty is always a positive for the market. The fact that the Senate edged more towards the R's was a positive too. More certainty. Link to comment Share on other sites More sharing options...
Tiberius Posted November 7, 2018 Share Posted November 7, 2018 38 minutes ago, Chef Jim said: The market is up big today because the Dems retook The House - Idiot libs that post about a day in the market in a thread about the economy. Oh, so no one posted that, so you pulled it out of your addled old brain and just pretended a "lib" posted it. Brilliant! You must be really frustrated Link to comment Share on other sites More sharing options...
Chef Jim Posted November 7, 2018 Share Posted November 7, 2018 1 hour ago, Tiberius said: Oh, so no one posted that, so you pulled it out of your addled old brain and just pretended a "lib" posted it. Brilliant! You must be really frustrated Says the idiot liberal who posted the market was having a horrible day in a thread on the economy. You really really suck at this. Link to comment Share on other sites More sharing options...
Tiberius Posted November 7, 2018 Share Posted November 7, 2018 3 minutes ago, Chef Jim said: Says the idiot liberal who posted the market was having a horrible day in a thread on the economy. You really really suck at this. Is that worse than just making up something someone said and posting it? Mine was fact based. You made something up you clown. And you think I suck at this? Link to comment Share on other sites More sharing options...
3rdnlng Posted November 7, 2018 Share Posted November 7, 2018 Gleeful Gator, you suck at everything. You have so much practice sucking that your cheeks are permanently concave. Link to comment Share on other sites More sharing options...
Chef Jim Posted November 7, 2018 Share Posted November 7, 2018 2 minutes ago, Tiberius said: Is that worse than just making up something someone said and posting it? Mine was fact based. You made something up you clown. And you think I suck at this? Seriously?? You have no clue that my post today was just mocking you when you posted that it was horrible day in the market in a thread about the economy? Yeah you suck real bad at this. Question: How's the economy doing today? Link to comment Share on other sites More sharing options...
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