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Stocks are going to roar today. Got some bad economic news.
General Boards - The Lounge
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Replies: 12
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Stocks are going to roar today. Got some bad economic news.

1
Mar 8, 2024, 8:40 AM
Reply

I haven't even checked, but I'd wager "the markets" are going to be happy.

https://www.cnbc.com/2024/03/08/jobs-report-february-2024-us-job-growth-totaled-275000.html

2024 orange level memberbadge-donor-15yr.jpgringofhonor-tiggity-110.jpg flag link military_tech thumb_downthumb_up


Unemployment is still too low...


Mar 8, 2024, 10:39 AM
Reply

Really needs to be closer to 5% for a heathy economy. At this rate the Fed will hold tight all year.

flag link military_tech thumb_downthumb_up

So people need to be out of work for a healthy economy?

1
Mar 8, 2024, 11:04 AM
Reply

A system where this is true is a horribly flawed system.

badge-donor-05yr.jpgringofhonor-aero.jpg flag link military_tech thumb_downthumb_up

No.

2
Mar 8, 2024, 11:12 AM
Reply

~5% is where most economists say is the healthy balance between people looking for work and employers looking to hire.

Below that number and there is a strain on labor. This leads to rapid wage increases and/or artificially inflated wages which contributes to high inflation.

Above that number and the economy can become depressed with a risk of deflation and collapsing markets.

flag link military_tech thumb_downthumb_up

So do you part and quit your job.***

1
Mar 8, 2024, 11:27 AM
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badge-donor-05yr.jpgringofhonor-aero.jpg flag link military_tech thumb_downthumb_up

No.


Mar 8, 2024, 1:35 PM
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I'm making it worse. I hired 2 people last week and looking to hire 2-4 more.

IMHO, inflation is going to stay above the Fed 2.0% target so expect the current rates so stick around until 2025.

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But you said the system is fine. Why aren't you willing give up your


Mar 8, 2024, 2:05 PM
Reply

livelihood to get unemployment to 5%? You just expect other people to make the sacrifice...or can you see this house of cards on a foundation of sand is problematic?

badge-donor-05yr.jpgringofhonor-aero.jpg flag link military_tech thumb_downthumb_up

Robust immigration also helps.***

1
Mar 8, 2024, 3:02 PM [ in reply to No. ]
Reply



2024 purple level member flag link military_tech thumb_downthumb_up

drunk at the putt putt.


Re: Stocks are going to roar today. Got some bad economic news.


Mar 8, 2024, 3:00 PM
Reply

Not as happy as they're going to be when the Feds lower interest rates.

2024 white level member flag link military_tech thumb_downthumb_up

This was some solid #Taggernet inside investing info.

2
Mar 8, 2024, 4:52 PM
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Dow, Nasdaq, and S&P were all down slightly today.

flag link military_tech thumb_downthumb_up

LOL***


Mar 8, 2024, 4:54 PM
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How did it


Mar 8, 2024, 9:34 PM
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End up?

2024 white level memberbadge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

#Tiggity'd***

2
Mar 8, 2024, 10:08 PM
Reply



2024 orange level memberbadge-donor-20yr.jpgringofhonor-obed.jpg flag link military_tech thumb_downthumb_up


Replies: 12
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