Mainstream Economics Thread

[Spracne]

yeah


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Hope everything's alright with the daves.

[Pete]

The jobs report will be crap without the 43,000 new government jobs per month.

Better stop, talking about the massive government hiring and government subsidized hiring gets the #blueanongE'rs really pissed off.

Oh and T&P's if you bring up the 875K "new" jobs that got erased with a click of a mouse.  You've been warned.

Institutional investors drive Wall Street, not individual investors. Given that, is it your belief that institutional investors are easily duped by alleged inaccurate jobs reports or other allegedly doctored economic reports?

[sonofdaxjones]

The jobs report will be crap without the 43,000 new government jobs per month.

Better stop, talking about the massive government hiring and government subsidized hiring gets the #blueanongE'rs really pissed off.

Oh and T&P's if you bring up the 875K "new" jobs that got erased with a click of a mouse.  You've been warned.

Institutional investors drive Wall Street, not individual investors. Given that, is it your belief that institutional investors are easily duped by alleged inaccurate jobs reports or other allegedly doctored economic reports?

What we are talking about has absolutely nothing to do with what anyone engaged in the functions of Wall Street is thinking or interpreting.

Everything to do with flat out frying the job numbers into oblivion to garner political favor.

In other news they’re potentially setting up a crap storm for the next administration.


https://twitter.com/realejantoni/status/1856839200177344619?s=46&t=-jwPwnR3rKHM9sk9hA7h8g


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[michigancat]

Dax, why do you think we should care about jobs reports?

Why do you take issue with government jobs being included in jobs reports?

[sonofdaxjones]

Dax, why do you think we should care about jobs reports?

Why do you take issue with government jobs being included in jobs reports?

I don’t take issue with government jobs being included. The issue is that until someone does the digging they’re not separated out. In addition why don’t you see the correlation between all time record Federal budget deficits and massive government subsidized hiring?

The commingling paints a false narrative that private sector hiring is strong. It isn’t. Full time vs part time is a blood bath.

This is about attempting to garner political points on the back of bullshit numbers


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[michigancat]

Dax, why do you think we should care about jobs reports?

Why do you take issue with government jobs being included in jobs reports?

I don’t take issue with government jobs being included. The issue is that until someone does the digging they’re not separated out. In addition why don’t you see the correlation between all time record Federal budget deficits and massive government subsidized hiring?

The commingling paints a false narrative that private sector hiring is strong. It isn’t. Full time vs part time is a blood bath.

a false narrative to whom? Ordinary everyday voters?

[sonofdaxjones]

Is this a discussion about how markets and voters perceive numbers or a discussion about the BLS cooking the books? Which is a a highly objective conversation vs a highly subjective conversation.

Interpretations, opinions and perceptions vs facts?

[sonofdaxjones]

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[steve dave]

Dax, where did you grab that nonsense from? lmao


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[steve dave]

found it, LMAOOOOOOOOOOOOOOOOOooooooOOOOOO

E.J. Antoni, Ph.D.

@RealEJAntoni
Economist for
@Heritage
,
@Comm4Prosperity
,
@VinceCoglianese
,
@Richzeoli
,
@dbongino
, and
@RichValdes

I may be wrong but it’s highly unlikely; VAMO

[Tobias]

lol was gonna say, Project 202[emoji29] guy

[steve dave]

FOLKS!




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[steve dave]

Why do you sign up for this Dax? At least in all the other politics threads nobody can understand what you’re talking about and you can cook. You venture in here and just get rough ridin' destroyed and come back for more. So wild.


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[steve dave]

you're like "who is the most divorced guy talking about the economy I can follow" and then you follow them and parrot it and this happens. maybe a lesson there. i don't know.

[steve dave]

irl view of real wages from non-divorced sources. this is what biden should have been spiking a football about coming out of the covid crash. but he didn't. because he's feeble and doesn't know what day it is.

[sonofdaxjones]

Put on your specs old man . . . it's pulled right off the beloved BLS numbers.




CPI is NOT being discussed on the graph I posted you giant derp 

[steve dave]

CPI is NOT being discussed on the graph I posted you giant derp 

dax, I know you don't know, but google how CPI is used for the calculation of real wages. get back to me whenever. no rush brother.

[sonofdaxjones]

That does literally nothing to refute the reality of what I posted, friend.

Inflation is murdering real wage growth

Just like part time job growth is absolutely assassinating full time job growth . . . it's beyond throw in the towel at this point.  It's a homicide scene

[steve dave]

[sonofdaxjones]

Tapout accepted

[sonofdaxjones]

If we're going to go to regional Fed data, lets remind the viewers of this blog that the Philly Fed said that Biden's claims of job growth a year ago were absolute and complete bullshit.

[steve dave]

If we're going to go to regional Fed data, lets remind the viewers of this blog that the Philly Fed said that Biden's claims of job growth a year were absolute and complete bullshit.

did you figure out how CPI was used or just powering through? lmao

[sonofdaxjones]

I know how it's "used" . . . again, that changes nothing about what I posted.

Real wages are getting murdered.

Steve, walk us through what gets excluded from CPI

[steve dave]

I know how it's "used" . . . again, that changes nothing about what I posted.

Real wages are getting murdered.

Steve, walk us through what gets excluded from CPI

dax, that's objectively false re. real wages. you can call a cow a horse because some divorced guy with a goatee on twitter tells you to but it doesn't make it a horse.

CPI is NOT being discussed on the graph I posted you giant derp 

[sonofdaxjones]

Average weekly earnings . . .average weekly earnings are not adjusted for inflation.

Please let the record show that energy (just one thing) is excluded from CPI, currently 1 in 7 Americans/Families live in energy poverty/debt.