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Dow plunges more than 500 points on trade war fears after China retaliates to US tariffs


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6 hours ago, Mileage Psycho said:

Yes bravo, there have been no tweets today...............fingers crossed.

It's not fun watching yout net worth get hammered.

 

I wonder if Trump has bets with his buddies on how much the market will swing by his words?

  • Haha 1
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4 hours ago, JEFF said:

OWhat 'are so many of them doing?' 95 million not in US labor force

 
Published 12:58 PM ET Fri, 2 Dec 2016  Updated 2:11 PM ET Fri, 2 Dec 2016CNBC.com
     
     
     
     
     

The November jobs report looked pretty good on the surface except for one number that popped off the page: 95 million.

That's the number of Americans now counted as not in the labor force, a historic high that has confounded economists and policymakers. The total — 95.06 million to be more exact — has been rising consistently but surged by a gaudy 446,000 last month.

The jump occurred as the U.S. economy added 178,000 jobs and the headline unemployment rate dropped sharply.

 

Explaining the consistent increase in those leaving the labor force is complicated, with factors divided between an aging and rapidly retiring workforce, a skills gap that leaves job openings unfilled, and the nettlesome problem of too many people who find it's just easier to collect welfare and other transfer payments rather than go back to work.

"WTF are so many of them doing?" Peter Boockvar, chief market analyst at The Lindsey Group, said in a note after the nonfarm payrolls report. Boockvar used a crude online expression that nicely sums up the continued frustration with America's shrinking labor force.

In a subsequent interview, he acknowledged the issue is many pronged and poses a long-term obstacle for economic growth.

"It's a combination. There's no question a lot of them are retirees," Boockvar said. "No one wants to say, 'I want to get fired and sit on my butt.' But when people do lose their jobs, they're not being incentivized enough to go back to work compared to the benefits they get by not being at work."

Indeed, the U.S. saw an explosion in benefits during the Great Recession that has receded only mildly during the recovery.

For example, the level of those enrolled in the Supplemental Nutrition Assistance Program — food stamps — has remained elevated even with an economic expansion that is nearly 7 ½ years old. SNAP recipients totaled 33.5 million in 2009, the year the recession ended. In 2016, the number is at 45.3 million. The government shelled out $74 billion in benefits last year, about double the level of 2008.

https://www.cnbc.com/2016/12/02/95-million-american-workers-not-in-us-labor-force.html

That 95 million includes retirees, stay at home moms, the disabled, etc.

What you have to love is the unemployment numbers Trump said was fake while campaigning are now real that he's the president, and you lap it up :lol: 

Real now!

 

Spicer can't keep a straight face :lol: 

 

Fake then :lol:

 

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15 minutes ago, Mileage Psycho said:

That 95 million includes retirees, stay at home moms, the disabled, etc.

What you have to love is the unemployment numbers Trump said was fake while campaigning are now real that he's the president, and you lap it up :lol: 

Real now!

 

Spicer can't keep a straight face :lol: 

 

Fake then :lol:

 

We know it chafes your dago midget ass Ballsack, but Trump is WINNING at everything, and there is nothing your penis headed self can do about it :finger3:  

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39 minutes ago, Momorider said:

We know it chafes your dago midget ass Ballsack, but Trump is WINNING at everything, and there is nothing your penis headed self can do about it :finger3:  

 

7 hours ago, Jimmy Snacks said:

Too bad you don’t die of AIDS from eating HIV laden shit.

 

 

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4 hours ago, ArcticCrusher said:

I wonder if Trump has bets with his buddies on how much the market will swing by his words?

Bank on it.  That will be the next accusation coming from the left, that Trump is manipulating the market for his own personal gain. :lol: 

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1 minute ago, DriftBusta said:

Bank on it.  That will be the next accusation coming from the left, that Trump is manipulating the market for his own personal gain. :lol: 

Too late.

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