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GG

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Unless the revisions are "unexpectedly" stupendous, this should make those cheering for a crashing economy happy. <_<

 

Private sector adds just 27,000 jobs in May, missing Wall Street’s expectations
 

U.S. private sector hiring grew by just 27,000 jobs Opens a New Window.  in May, according to the ADP National Employment report, fueling renewed concerns that the U.S. economy is slowing as investors worry about the impact of a lengthy U.S.-China trade war and new Mexico tariffs on the markets.
 

Analysts polled by Refinitiv had expected an increase of 180,000 jobs.

</snip>


 

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9 minutes ago, Buffalo_Gal said:

Unless the revisions are "unexpectedly" stupendous, this should make those cheering for a crashing economy happy. <_<

 

Private sector adds just 27,000 jobs in May, missing Wall Street’s expectations
 

U.S. private sector hiring grew by just 27,000 jobs Opens a New Window.  in May, according to the ADP National Employment report, fueling renewed concerns that the U.S. economy is slowing as investors worry about the impact of a lengthy U.S.-China trade war and new Mexico tariffs on the markets.
 

Analysts polled by Refinitiv had expected an increase of 180,000 jobs.

</snip>


 

 

There's nothing like self inflicted wounds.

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11 hours ago, GG said:

 

There's nothing like self inflicted wounds.

Oh, yes there are. I get what you’re saying though. 

1 hour ago, DC Tom said:

 

Mine didn't.

 

But it did pretty good yesterday, so it's a wash.

You like to go short. Lots of moolah to be made there. Nothing wrong with that. However more than 90% of the nitwits here don’t have a clue what you’re talking about. 

 

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27 minutes ago, Nanker said:

Oh, yes there are. I get what you’re saying though. 

You like to go short. Lots of moolah to be made there. Nothing wrong with that. However more than 90% of the nitwits here don’t have a clue what you’re talking about. 

 

 

I also like dead cat bounce options. 

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Don't know if this was posted in any thread. Very telling of our Senate both R & D that they won't consider a 1% spending cut given our debt.  I give Rand Paul a lot of credit for getting our Senators on the record. The uni-party held a strong majority.  Outrageous IMO.

 

https://www.washingtonexaminer.com/news/senate-trashes-rand-pauls-plan-to-cut-federal-spending-by-1-percent

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22 hours ago, GG said:

 

Only proves that Dobbs is an idiot.  How dare Senators sound off on a stupid tweet that will hurt their states' economies?

Trump sycophant.  If GOP Congress really want to prove a point that it wasn't just lip service when they criticized Obama for executive overreach then overriding Trump's Mexico tariffs would be the perfect time to do it.

 

21 hours ago, Buffalo_Gal said:

Unless the revisions are "unexpectedly" stupendous, this should make those cheering for a crashing economy happy. <_<

 

Private sector adds just 27,000 jobs in May, missing Wall Street’s expectations
 

U.S. private sector hiring grew by just 27,000 jobs Opens a New Window.  in May, according to the ADP National Employment report, fueling renewed concerns that the U.S. economy is slowing as investors worry about the impact of a lengthy U.S.-China trade war and new Mexico tariffs on the markets.
 

Analysts polled by Refinitiv had expected an increase of 180,000 jobs.

</snip>


 

Still 104 consecutive months of job growth which is incredible.

8 hours ago, keepthefaith said:

Don't know if this was posted in any thread. Very telling of our Senate both R & D that they won't consider a 1% spending cut given our debt.  I give Rand Paul a lot of credit for getting our Senators on the record. The uni-party held a strong majority.  Outrageous IMO.

 

https://www.washingtonexaminer.com/news/senate-trashes-rand-pauls-plan-to-cut-federal-spending-by-1-percent

You're not going to get Democratic Senators to go on record by voting to cut Medicare and Medicaid spending.

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US weekly jobless claims are unchanged, pointing to labor market strength
 

* The number of Americans filing applications for unemployment benefits was unchanged last week.

* The data suggested the labor market remains on solid footing despite slowing economic activity.

* Initial claims for state unemployment benefits were unchanged at 218,000 for the week ended June 1, the Labor Department said.
 

</snip>

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On 6/5/2019 at 8:36 AM, Buffalo_Gal said:

Unless the revisions are "unexpectedly" stupendous, this should make those cheering for a crashing economy happy. <_<

 

Private sector adds just 27,000 jobs in May, missing Wall Street’s expectations
 

U.S. private sector hiring grew by just 27,000 jobs Opens a New Window.  in May, according to the ADP National Employment report, fueling renewed concerns that the U.S. economy is slowing as investors worry about the impact of a lengthy U.S.-China trade war and new Mexico tariffs on the markets.
 

Analysts polled by Refinitiv had expected an increase of 180,000 jobs.

</snip>


 


Ok, so last month was revised up 50K,, still below expectations.  March and April revised down after being revised up after being released much lower than the actual numbers. <_< What is going on? 

 

Jobs creation slows dramatically with payrolls up just 75,000 in May, much worse than expected
 

* Nonfarm payrolls for May increased up by just 75,000, the Labor Department says.
* Economists surveyed by Dow Jones expected a gain of 180,000.
* March’s job count was revised lower from 189,000 to 153,000 and the April number was lowered to 224,000 from 263,000, for a total reduction of 75,000.
* The unemployment rate remained at a 50-year low of 3.6%.

</snip>

Friday’s Bureau of Labor Services reading added to worries that employment growth is slowing. A report Wednesday from ADP and Moody’s Analytics raised fears even more as it said private payrolls increased by just 27,000. The BLS showed private payrolls up 90,000, while government jobs fell by 15,000.

</snip>

</snip>
* Average hourly earnings year over year in May were up 3.1%, one-tenth of a point lower than expectations.



 

As with most jobs reports, there were nuggets good and bad to take from the details.
 

One example was the U6 rate - considered the broadest measure of unemployment - that dropped to 7.1 percent, the lowest point since December of 2000.

</snip>

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1 hour ago, Buffalo_Gal said:


Ok, so last month was revised up 50K,, still below expectations.  March and April revised down after being revised up after being released much lower than the actual numbers. <_< What is going on? 

 

Jobs creation slows dramatically with payrolls up just 75,000 in May, much worse than expected
 

* Nonfarm payrolls for May increased up by just 75,000, the Labor Department says.
* Economists surveyed by Dow Jones expected a gain of 180,000.
* March’s job count was revised lower from 189,000 to 153,000 and the April number was lowered to 224,000 from 263,000, for a total reduction of 75,000.
* The unemployment rate remained at a 50-year low of 3.6%.

</snip>

Friday’s Bureau of Labor Services reading added to worries that employment growth is slowing. A report Wednesday from ADP and Moody’s Analytics raised fears even more as it said private payrolls increased by just 27,000. The BLS showed private payrolls up 90,000, while government jobs fell by 15,000.

</snip>

</snip>
* Average hourly earnings year over year in May were up 3.1%, one-tenth of a point lower than expectations.



 

As with most jobs reports, there were nuggets good and bad to take from the details.
 

One example was the U6 rate - considered the broadest measure of unemployment - that dropped to 7.1 percent, the lowest point since December of 2000.

</snip>

The job market is tightening. More skilled laborers are needed. Companies aren't going to hire Spanish-only speaking immigrants from Guatemala to fill a programming position. They would hire them to pull wire in the past. Now the world's gone wireless. 

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4 minutes ago, Nanker said:

The job market is tightening. More skilled laborers are needed. Companies aren't going to hire Spanish-only speaking immigrants from Guatemala to fill a programming position. They would hire them to pull wire in the past. Now the world's gone wireless. 


I said the same thing to my husband this morning - are we approaching peak employment for those that want to (are able) to work? I always heard it was 5%, and it seems to be 7.1% now, so ?‍♀️  I'm not a finance person, he is, and he didn't throw up all over that thought.

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3 minutes ago, Nanker said:

The job market is tightening. More skilled laborers are needed. Companies aren't going to hire Spanish-only speaking immigrants from Guatemala to fill a programming position. They would hire them to pull wire in the past. Now the world's gone wireless. 


Those jobs are going to India. While everyone's been worried about losing their jobs to fruit pickers, landscapers, and house cleaners, $150K jobs that buy homes, cars, restaurant trips and vacations are going bye-bye. Add in the fact that a lot of those now out of work programmers have 6 figures in student loan debt and the real problems should become a lot more clear.

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7 minutes ago, BullBuchanan said:


Those jobs are going to India. While everyone's been worried about losing their jobs to fruit pickers, landscapers, and house cleaners, $150K jobs that buy homes, cars, restaurant trips and vacations are going bye-bye. Add in the fact that a lot of those now out of work programmers have 6 figures in student loan debt and the real problems should become a lot more clear.

Lots of Indians are in this country too. Lots of IT jobs are staying here. Many companies have learned that India isn't another way to spell panacea. 

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2 minutes ago, Nanker said:

 

Lots of Indians are in this country too. Lots of IT jobs are staying here. Many companies have learned that India isn't another way to spell panacea. 

There's no problem with Indians being in the country. Outsourcing is always going to happen, and it's going to become more prominent than ever. We can't stop it and we shouldn't try. instead we need to be investing in ourselves to be able to compete in that market.

Edited by BullBuchanan
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27 minutes ago, BullBuchanan said:

There's no problem with Indians being in the country. Outsourcing is always going to happen, and it's going to become more prominent than ever. We can't stop it and we shouldn't try. instead we need to be investing in ourselves to be able to compete in that market.

 

Globalist nonsense.

 

(again, not something one who believes in liberty espouses)

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43 minutes ago, BullBuchanan said:

There's no problem with Indians being in the country. Outsourcing is always going to happen, and it's going to become more prominent than ever. We can't stop it and we shouldn't try. instead we need to be investing in ourselves to be able to compete in that market.

 

2019-06-07_9-26-04.thumb.png.c6c1a218ea1507483d3abfda3a3346ac.png

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1 minute ago, Deranged Rhino said:

 

Do you consider yourself a globalist? 

In the definition you're likely after, probably not, but I think it's completely ignorant to ignore the impact the the world economy has on the people within it and how we must adapt our way of life in order to compete and thrive.

I've worked with people all over the world every day for the last 18 years, and probably will the rest of my life. They face the same challenges we have, do or will. You can try to stop immigration and outsourcing, just like they tried to save the steel mills in the 50's. The math just doesn't work and progress stops for no one.

If you don't figure out a better way, someone else will, and I like fight for things that move toward that better way. The days of getting a job or a career at 18 and riding that to retirement are long done. I've had 7 jobs in the last 12 years, and that's the new normal. basic programming will be the new Ford assembly line worker, Coal Miner, or Steel Mill in 20 years. You can either bemoan it or you can figure out what's next. 

Just now, Hedge said:

 

2019-06-07_9-26-04.thumb.png.c6c1a218ea1507483d3abfda3a3346ac.png

exactly.

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Just now, BullBuchanan said:

In the definition you're likely after, probably not, but I think it's completely ignorant to ignore the impact the the world economy has on the people within it and how we must adapt our way of life in order to compete and thrive.

I've worked with people all over the world every day for the last 18 years, and probably will the rest of my life. They face the same challenges we have, do or will. You can try to stop immigration and outsourcing, just like they tried to save the steel mills in the 50's. The math just doesn't work and progress stops for no one.

If you don't figure out a better way, someone else will, and I like fight for things that move toward that better way. The days of getting a job or a career at 18 and riding that to retirement are long done. I've had 7 jobs in the last 12 years, and that's the new normal. basic programming will be the new Ford assembly line worker, Coal Miner, or Steel Mill in 20 years. You can either bemoan it or you can figure out what's next. 

 

That's all a dodge to the actual question asked. You claim to believe in liberty -- while espousing globalist nonsense and anti-religious takes. So I'm trying to better understand how you define yourself and your views. 

 

Do you consider yourself a globalist? If globalism is inevitable as you state, how does that impact your views on liberty? Who sets the rules in a globalist society? Who governs? 

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Just now, Deranged Rhino said:

 

That's all a dodge to the actual question asked. You claim to believe in liberty -- while espousing globalist nonsense and anti-religious takes. So I'm trying to better understand how you define yourself and your views. 

 

Do you consider yourself a globalist? If globalism is inevitable as you state, how does that impact your views on liberty? Who sets the rules in a globalist society? Who governs? 


Not sure I'm following your fictional scenario. I believe in countries whole-heartedly in that the country we live in should act in the best interests of the people within it. I view countries as nothing more than the government equivalent of a team. As part of that team, everyone should share in the highs and the lows, and the manager is responsible for making sure we're on the correct trajectory. However, I believe that ultimately it should be far easier to go to a country that has ideals you support and play for that team. 

 

What I get from most on the right is that they don't really believe in the concept of countries, because they don't have any interest in supporting their teammates.  


I also don't view other teams as the enemy, because our ability to win doesn't depend on their ability to lose. As long as they let me have my liberty, they can have theirs. I have no interest in assassinating foreign leaders and installing fascist dictators in their place.
 

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1 minute ago, BullBuchanan said:


Not sure I'm following your fictional scenario. I believe in countries whole-heartedly in that the country we live in should act in the best interests of the people within it. 

 

Yet you don't think the country should fight to keep jobs here, and are in favor of the multiple (terrible) trade deals and agreements which outsourced our manufacturing base to other countries in the name of a "global order". 

 

2 minutes ago, BullBuchanan said:

 I view countries as nothing more than the government equivalent of a team. As part of that team, everyone should share in the highs and the lows, and the manager is responsible for making sure we're on the correct trajectory. However, I believe that ultimately it should be far easier to go to a country that has ideals you support and play for that team. 

 

Using your analogy, if countries are just teams, then who is the league? The global order? 

 

3 minutes ago, BullBuchanan said:

What I get from most on the right is that they don't really believe in the concept of countries, because they don't have any interest in supporting their teammates.  

 

I'm not on the right. 

 

But this is totally erroneous. The "right" does more to help their fellow citizens than almost every other political group through charity work, and yes, religious organizations. 

 

5 minutes ago, BullBuchanan said:

I also don't view other teams as the enemy, because our ability to win doesn't depend on their ability to lose. As long as they let me have my liberty, they can have theirs. I have no interest in assassinating foreign leaders and installing fascist dictators in their place.

 

You're a walking contradiction now, which is what I'm getting at. You don't seem to understand what our liberty is based in, and how it's threatened by promoting the globalist agenda you're parroting. 

 

Liberty requires:

* Freedom of speech and thought

* Privacy

* Due process

* Equal justice under the law

 

All things under assault by the push for a globalist world order. The same order you're advocating for - either without realizing it or without comprehending the origins of the ideas you're espousing. 

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5 minutes ago, Deranged Rhino said:

 

Yet you don't think the country should fight to keep jobs here, and are in favor of the multiple (terrible) trade deals and agreements which outsourced our manufacturing base to other countries in the name of a "global order". 

 

 

Using your analogy, if countries are just teams, then who is the league? The global order? 

 

 

I'm not on the right. 

 

But this is totally erroneous. The "right" does more to help their fellow citizens than almost every other political group through charity work, and yes, religious organizations. 

 

 

You're a walking contradiction now, which is what I'm getting at. You don't seem to understand what our liberty is based in, and how it's threatened by promoting the globalist agenda you're parroting. 

 

Liberty requires:

* Freedom of speech and thought

* Privacy

* Due process

* Equal justice under the law

 

All things under assault by the push for a globalist world order. The same order you're advocating for - either without realizing it or without comprehending the origins of the ideas you're espousing. 


I'm not in favor of trade deals like NAFTA, no. They were put in place to help corporations and hurt everyone else.

Right now, mankind is the league.

You're on the right of me, by about a billion percent.

The right helps people who they want to help and they try to hurt everyone else.

You keep tossing around the term globalist, but you don't seem to know what it means and keep trying to convince me I believe in things I dont. Just stop, it's tiresome.

"World Order" lol. gtfoh 

Edited by BullBuchanan
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6 minutes ago, BullBuchanan said:


I'm not in favor of trade deals like NAFTA, no. They were put in place to help corporations and hurt everyone else.

Right now, mankind is the league.

You're on the right of me, by about a billion percent.

The right helps people who they want to help and they try to hurt everyone else.

You keep tossing around the term globalist, but you don't seem to know what it means and keep trying to convince me I believe in things I dont. Just stop, it's tiresome.

"World Order" lol. gtfoh 

 

I am only filling in the blanks you've left unanswered. You won't answer who is going to be governing this globalist paradise you're espousing where people can freely enter soverign nations (without borders or a process), jobs shouldn't be fought for, and your political "enemies" are cast as ones who hurt others because they want to. 

 

Youre not interested in Liberty. You can't even define it. 

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Just now, Deranged Rhino said:

 

I am only filling in the blanks you've left unanswered. You won't answer who is going to be governing this globalist paradise you're espousing where people can freely enter soverign nations (without borders or a process), jobs shouldn't be fought for, and your political "enemies" are cast as ones who hurt others because they want to. 

 

Youre not interested in Liberty. You can't even define it. 

 

Outside of legally keeping people in and out of a country, do you see any other reasons why borders are important?

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2 minutes ago, Deranged Rhino said:

 

I am only filling in the blanks you've left unanswered. You won't answer who is going to be governing this globalist paradise you're espousing where people can freely enter soverign nations (without borders or a process), jobs shouldn't be fought for, and your political "enemies" are cast as ones who hurt others because they want to. 

 

Youre not interested in Liberty. You can't even define it. 

 Jesus christ. Did you hit your head on something?

I've defined it in every post I've made.

I don't believe you "fight" for jobs by trying to prevent others from taking them. i believe you fight for them by equipping your team to take on new ones. You can try to 'make the wishbone" great again all you want, but history shows that evolution is always the best path. Now if you came out with a calm and rational plan that said something like, "hey it's 2019 and fossil fuels are dying. We still have a lot of people whose livelihoods depend on it though. We should provide some subsidies to make sure they continue to be employed and also use the bulk of that to train them on wind and solar farm operation" I would be all the way in. 

Instead what I get is a bunch "Dey took er jerhbs!" And that's useless. It helps no one.Those jobs are still going away and those people are just going to be more behind when they do.

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While not particularly germane to the US economy, I can speak from experience that in healthcare, times are booming.  There simply isn't enough workers for demand in anything - doctor, nurse, PT therapist, etc.  The catch is that you have to pass a drug test, can't have a felony on your record and you actually graduated from college/university, not lie about doing so.  

 

You wouldn't believe the number of people in America that fail at those three basic principles in being employable.  The hot drug tests and the lying about the education are epidemic.  

 

I'd put neck tats, unkempt facial hair and pink/purple hair on this list too but I'm losing that battle to date.  

 

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Just now, Deranged Rhino said:

 

Dozens of them. 

 

Pretending borders is an arcane concept is not being honest. 

 

Just curious - I have noticed in your conversations about sovereignty the only reason you ever bring up is keeping people in and out of the country.

 

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2 minutes ago, Deranged Rhino said:

 

Dozens of them. 

 

Pretending borders is an arcane concept is not being honest. 


The EU has found a largely successful solution that still needs work, but has kept their economies heavily viable in a way they otherwise would not be.

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