On 7/13/2023 3:57 AM, NoBody wrote:
> On Wed, 12 Jul 2023 12:41:27 -0000 (UTC), bks@panix.com (Bradley K.
> Sherman) wrote:
>
>> |
>> | WHOA! Headline CPI rose by only 0.2% in June, and is now
>> | down to only 3.0%. That's back to the March '21 level.
>> |
>> | More importantly, core CPI rose only 0.2%, and is up 4.8%
>> | over the year.
>> |
>> | BOTH measures are a good bit below expectations.
>> |
>> | Inflation is returning to normal rates.
>> |
>> <https://twitter.com/JustinWolfers/status/1679107218849906689>
>> (Econ Professor, U.Michigan)
>>
>> --bks
>
> This is inflation *on top* of what we've already experienced.

No. It is the annualized *current* rate of monetary price increases.

NoBody wrote:
> This is inflation*on top* of what we've already experienced. Has the
> cost of good and services decreased?

That's called deflation. It means the inventory you're holding
until you sell it worth less than when your bought. So it becomes
a loss instead of profit. Rapid deflation ruins businesses.

--
Siri Seal of Disavowal #000-001. Disavowed. Denied. @
'I desire mercy, not sacrifice.' /|\
The Church of the Holey Apple .signature 3.O / \
of Discordian Mysteries. This post insults Islam. Mohamed

On Thu, 13 Jul 2023 11:55:55 -0000 (UTC), bks@panix.com (Bradley K.
Sherman) wrote:

> |
> | The number of migrants who crossed the U.S.-Mexico border
> | without authorization in June plummeted to the lowest level
> | since the start of the Biden administration following the
> | enactment of stricter asylum rules, according to
> | unpublished government data obtained by CBS News.
> | ...
><https://www.cbsnews.com/news/migrant-crossings-u

s-mexico-border-down-in-june-stricter-asylum-rules/>
>
> --bks

If you aren't capturing them any more, your stats will be meaningless.
Duh...

AND, from your cite:

"They do not include migrants processed at ports of entry, where the
Biden administration has been admitting tens of thousands of
asylum-seekers each month."

On Thu, 13 Jul 2023 06:53:56 -0700, Siri Cruise
<chine.bleu@www.yahoo.com> wrote:

>NoBody wrote:
>> This is inflation*on top* of what we've already experienced. Has the
>> cost of good and services decreased?
>
>That's called deflation. It means the inventory you're holding
>until you sell it worth less than when your bought. So it becomes
>a loss instead of profit. Rapid deflation ruins businesses.

You didn't answer the question.

On Fri, 14 Jul 2023 06:58:07 -0400, NoBody <NoBody@nowhere.com> wrote:

>On Thu, 13 Jul 2023 11:55:55 -0000 (UTC), bks@panix.com (Bradley K.
>Sherman) wrote:
>
>> |
>> | The number of migrants who crossed the U.S.-Mexico border
>> | without authorization in June plummeted to the lowest level
>> | since the start of the Biden administration following the
>> | enactment of stricter asylum rules, according to
>> | unpublished government data obtained by CBS News.
>> | ...
>><https://www.cbsnews.com/news/migrant-crossings-u
>
>s-mexico-border-down-in-june-stricter-asylum-rules/>
>>
>> --bks
>
>If you aren't capturing them any more, your stats will be meaningless.
>Duh...
>
>AND, from your cite:
>
>"They do not include migrants processed at ports of entry, where the
>Biden administration has been admitting tens of thousands of
>asylum-seekers each month."

Oh Bradley??

|
| Markets Appear Convinced the Fed Can Pull Off a Soft Landing
|
| Stocks surged this past week on evidence that inflation is
| cooling
| ...
<https://www.wsj.com/articles/markets-appear-convinced-the-fed-can-pull-off-a-soft-landing-700a40dd>

--bks

> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing
> |
> | Stocks surged this past week on evidence that inflation is
> | cooling

|
| Pay Raises Are Finally Beating Inflation After Two Years of
| Falling Behind
|
| Wages rise more than 4% while consumer prices increase 3%
| ...
<https://www.wsj.com/articles/pay-raises-are-finally-beating-inflation-after-two-years-of-falling-behind-3e89bc2d>

--bks

>> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing
>> |
>> | Stocks surged this past week on evidence that inflation is
>> | cooling

> | Pay Raises Are Finally Beating Inflation After Two Years of
> | Falling Behind
> |
> | Wages rise more than 4% while consumer prices increase 3%

|
| Despite a year when inflation pushed prices to new heights,
| Americans are still better off now than before the
| pandemic, with nearly 10 to 15 percent more in their bank
| accounts than in 2019, new checking and savings account
| data shows.
| ...
<https://www.washingtonpost.com/business/2023/07/17/bank-accounts-excess-cash-savings/>

--bks

In reply to "bks@panix.com (Bradley K. Sherman)" who wrote the following:

> > > | Markets Appear Convinced the Fed Can Pull Off a Soft Landing
> > > |
> > > | Stocks surged this past week on evidence that inflation is
> > > | cooling
>
> > | Pay Raises Are Finally Beating Inflation After Two Years of
> > | Falling Behind
> > |
> > | Wages rise more than 4% while consumer prices increase 3%
>
> |
> | Despite a year when inflation pushed prices to new heights,
> | Americans are still better off now than before the
> | pandemic, with nearly 10 to 15 percent more in their bank
> | accounts than in 2019, new checking and savings account
> | data shows.
> | ...
> <https://www.washingtonpost.com/business/2023/07/17/
> bank-accounts-excess-cash-savings/>
>
> --bks

I definitely agree the economy has improved drastically since Trump's giveaway to the rich at the expense of the middle class. Unfortunately there are
still losers looking to blame anyone else for their own failures, and they are convinced the economy sucks when in fact it is just them.

On Mon, 17 Jul 2023 12:35:17 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:

> |
> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing
> |
> | Stocks surged this past week on evidence that inflation is
> | cooling
> | ...
><https://www.wsj.com/articles/markets-appear-convinced-the-fed-can-pull-off-a-soft-landing-700a40dd>
>
> --bks

Wow. Resolving inflation without touching off a recession. Congrats to Mr Powell! May
turn out to be the best Fed Chair you've never heard of.

Swill
--
Republican snowflakes care more about public urination and gas stoves than national security
or the number one killer of children.

GO RFK!

Send money!

https://www.kennedy24.com

On Mon, 17 Jul 2023 18:41:36 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:

>>> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing
>>> |
>>> | Stocks surged this past week on evidence that inflation is
>>> | cooling
>
>> | Pay Raises Are Finally Beating Inflation After Two Years of
>> | Falling Behind
>> |
>> | Wages rise more than 4% while consumer prices increase 3%
>
> |
> | Despite a year when inflation pushed prices to new heights,
> | Americans are still better off now than before the
> | pandemic, with nearly 10 to 15 percent more in their bank
> | accounts than in 2019, new checking and savings account
> | data shows.
> | ...
><https://www.washingtonpost.com/business/2023/07/17/bank-accounts-excess-cash-savings/>
>
> --bks

"The U.S. economy continues to defy the experts. Even as policymakers hiked interest
rates, cooling down many sectors and triggering layoffs across housing, finance and tech,
a resilient job market and healthy spending by households and businesses have worked to
lift growth beyond what economists had expected at the start of the year.

*Americans are far more optimistic, after more than a year of feeling particularly
downbeat about inflation and giving the Biden administration low marks for its handling of
the economy.*

Swill
--
RFK has promoted a conspiracy theory that coronavirus vaccines were developed to control people via microchips.

GO RFK!

Send money!

https://www.kennedy24.com

>>> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing

>> | Pay Raises Are Finally Beating Inflation After Two Years of
>> | Falling Behind

> | Despite a year when inflation pushed prices to new heights,
> | Americans are still better off now than before the
> | pandemic, with nearly 10 to 15 percent more in their bank
> | accounts than in 2019, new checking and savings account
> | data shows.

|
| Morgan Stanley credits Bidenomics for 'much stronger' than
| expected GDP growth
| ...
<https://www.cnbc.com/2023/07/21/bidenomics-spurred-stronger-gdp-growth-morgan-stanley.html>

--bks

On Sat, 22 Jul 2023 12:44:29 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:

>>>> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing
>
>>> | Pay Raises Are Finally Beating Inflation After Two Years of
>>> | Falling Behind
>
>> | Despite a year when inflation pushed prices to new heights,
>> | Americans are still better off now than before the
>> | pandemic, with nearly 10 to 15 percent more in their bank
>> | accounts than in 2019, new checking and savings account
>> | data shows.
>
> |
> | Morgan Stanley credits Bidenomics for 'much stronger' than
> | expected GDP growth
> | ...
><https://www.cnbc.com/2023/07/21/bidenomics-spurred-stronger-gdp-growth-morgan-stanley.html>
>
> --bks

"Biden’s 2021 infrastructure bill has created “a boom in large-scale infrastructure,”
wrote MS analysts, while domestic business investment “is rebounding, led by
manufacturing.”"

Swill
--
Trump and his MAGA nitwits don't know it yet but they've all been
politically castrated.

GO RFK! https://www.kennedy24.com/

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

>>>>> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing

>>>> | Pay Raises Are Finally Beating Inflation After Two Years of
>>>> | Falling Behind

>>> | Despite a year when inflation pushed prices to new heights,
>>> | Americans are still better off now than before the
>>> | pandemic, with nearly 10 to 15 percent more in their bank
>>> | accounts than in 2019, new checking and savings account
>>> | data shows.

>> | Morgan Stanley credits Bidenomics for 'much stronger' than
>> | expected GDP growth

|
| The job market is humming nationally, but zoom in and you
| get another extraordinary snapshot: Many states across the
| country are experiencing all-time lows in unemployment.
| ...
| From Pennsylvania to Washington to Alabama, 17 states saw
| jobless rates hit new record lows or hold at a previously
| notched low in June, according to the Bureau of Labor
| Statistics.
| ...
<https://www.axios.com/2023/07/24/states-jobs-unemployment-rate>

--bks

>>>>> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing

>>>> | Pay Raises Are Finally Beating Inflation After Two Years of
>>>> | Falling Behind

> | From Pennsylvania to Washington to Alabama, 17 states saw
> | jobless rates hit new record lows or hold at a previously
> | notched low in June, according to the Bureau of Labor
> | Statistics.

|
| U.S. economic growth accelerated over three months ending
| in June, blowing past economist expectations and rebuking
| concern about a possible recession.
|
| The U.S. gross domestic product grew by a 2.4% annualized
| rate to finish the first half of 2023, according to
| government data released Thursday.
| ...
<https://abcnews.go.com/Business/us-economy-expected-grown-slowed-dispelling-recession-fears/story?id=101664985>

--bks

On Thu, 27 Jul 2023 13:55:35 -0000 (UTC), bks@panix.com (Bradley K.
Sherman) wrote:

>>>>>> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing
>
>>>>> | Pay Raises Are Finally Beating Inflation After Two Years of
>>>>> | Falling Behind
>
>> | From Pennsylvania to Washington to Alabama, 17 states saw
>> | jobless rates hit new record lows or hold at a previously
>> | notched low in June, according to the Bureau of Labor
>> | Statistics.
>
> |
> | U.S. economic growth accelerated over three months ending
> | in June, blowing past economist expectations and rebuking
> | concern about a possible recession.
> |
> | The U.S. gross domestic product grew by a 2.4% annualized
> | rate to finish the first half of 2023, according to
> | government data released Thursday.
> | ...
><https://abcnews.go.com/Business/us-economy-expected-grown-slowed-dispelling-recession-fears/story?id=101664985>
>
> --bks

Hmm forgot to report this:

Data from Cox Automotive and the Automotive News Research & Data
Center has revealed that there are almost 2 million unsold vehicles
sitting at car dealerships across the United States. Unsold EVs are a
big contributor to rising inventory levels.

At the end of June, it is estimated that exactly 1,953,512 vehicles
were sitting unsold at dealerships. By using the sales rate from the
preceding 30-day period, Cox Automotive says this equates to a 53-day
supply. That is a 75% increase from the same period a year ago and
also represents an increase from the 1,928,619 new vehicles that were
sitting on dealership lots at the end of May.

https://www.carscoops.com/2023/07/inventory-levels-soar-as-2-million-cars-sit-unsold-at-dealer-lots-including-many-evs/

There's a troubling situation spreading among car owners that could
portend an implosion of the used car industry, according to a new
report.

Repossessions of vehicles are surging, and have even doubled among
so-called "prime" borrowers, or people with good to excellent credit
scores who are considered the least likely to default on their lows,
Lisa Beilfuss Popeo, a senior writer for Barron's, told CBS News.

Repossessions occur when a borrower falls behind on their car
payments, giving the lender the right to seize the vehicle. The rise
in repossessions comes after car prices surged during the pandemic, as
auto manufacturers struggled to meet demand amid chip shortages and
other issues. Used car prices rose particularly sharply, with the
average used car price jumping almost 17% in May to more than $32,000.
https://www.cbsnews.com/news/used-car-bubble-market-repossessions-are-surging/

On Fri, 28 Jul 2023 07:18:11 -0400, NoBody <NoBody@nowhere.com> wrote:

>On Thu, 27 Jul 2023 13:55:35 -0000 (UTC), bks@panix.com (Bradley K.
>Sherman) wrote:
>
>>>>>>> | Markets Appear Convinced the Fed Can Pull Off a Soft Landing
>>
>>>>>> | Pay Raises Are Finally Beating Inflation After Two Years of
>>>>>> | Falling Behind
>>
>>> | From Pennsylvania to Washington to Alabama, 17 states saw
>>> | jobless rates hit new record lows or hold at a previously
>>> | notched low in June, according to the Bureau of Labor
>>> | Statistics.
>>
>> |
>> | U.S. economic growth accelerated over three months ending
>> | in June, blowing past economist expectations and rebuking
>> | concern about a possible recession.
>> |
>> | The U.S. gross domestic product grew by a 2.4% annualized
>> | rate to finish the first half of 2023, according to
>> | government data released Thursday.
>> | ...
>><https://abcnews.go.com/Business/us-economy-expected-grown-slowed-dispelling-recession-fears/story?id=101664985>
>>
>> --bks
>
>Hmm forgot to report this:
>
>Data from Cox Automotive and the Automotive News Research & Data
>Center has revealed that there are almost 2 million unsold vehicles
>sitting at car dealerships across the United States. Unsold EVs are a
>big contributor to rising inventory levels.
>
>At the end of June, it is estimated that exactly 1,953,512 vehicles
>were sitting unsold at dealerships. By using the sales rate from the
>preceding 30-day period, Cox Automotive says this equates to a 53-day
>supply. That is a 75% increase from the same period a year ago and
>also represents an increase from the 1,928,619 new vehicles that were
>sitting on dealership lots at the end of May.
>
>https://www.carscoops.com/2023/07/inventory-levels-soar-as-2-million-cars-sit-unsold-at-dealer-lots-including-many-evs/
>
>
>There's a troubling situation spreading among car owners that could
>portend an implosion of the used car industry, according to a new
>report.
>
>Repossessions of vehicles are surging, and have even doubled among
>so-called "prime" borrowers, or people with good to excellent credit
>scores who are considered the least likely to default on their lows,
>Lisa Beilfuss Popeo, a senior writer for Barron's, told CBS News.
>
>Repossessions occur when a borrower falls behind on their car
>payments, giving the lender the right to seize the vehicle. The rise
>in repossessions comes after car prices surged during the pandemic, as
>auto manufacturers struggled to meet demand amid chip shortages and
>other issues. Used car prices rose particularly sharply, with the
>average used car price jumping almost 17% in May to more than $32,000.
>https://www.cbsnews.com/news/used-car-bubble-market-repossessions-are-surging/

And Bradley is unable to address reality.

>> | From Pennsylvania to Washington to Alabama, 17 states saw
>> | jobless rates hit new record lows or hold at a previously
>> | notched low in June, according to the Bureau of Labor
>> | Statistics.

> | U.S. economic growth accelerated over three months ending
> | in June, blowing past economist expectations and rebuking
> | concern about a possible recession.
> |
> | The U.S. gross domestic product grew by a 2.4% annualized
> | rate to finish the first half of 2023, according to
> | government data released Thursday.

| ...
| And yet when I look at how the U.S. economy is doing right
| now, I find it difficult to describe it in terms that allow
| me to avoid sounding like a shill. I know lots of Americans
| still think the economy is doing poorly, and are upset
| about that. But when I look at objective measures, I just
| can't rationalize that negative viewpoint. Because as far
| as I can tell from the actual numbers, this economy is
| doing really, really well.
| ...
<https://www.noahpinion.blog/p/if-this-is-a-bad-economy-please-tell>

--bks

On Tue, 1 Aug 2023 17:02:54 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:

>>> | From Pennsylvania to Washington to Alabama, 17 states saw
>>> | jobless rates hit new record lows or hold at a previously
>>> | notched low in June, according to the Bureau of Labor
>>> | Statistics.
>
>> | U.S. economic growth accelerated over three months ending
>> | in June, blowing past economist expectations and rebuking
>> | concern about a possible recession.
>> |
>> | The U.S. gross domestic product grew by a 2.4% annualized
>> | rate to finish the first half of 2023, according to
>> | government data released Thursday.
>
> | ...
> | And yet when I look at how the U.S. economy is doing right
> | now, I find it difficult to describe it in terms that allow
> | me to avoid sounding like a shill. I know lots of Americans
> | still think the economy is doing poorly, and are upset
> | about that. But when I look at objective measures, I just
> | can't rationalize that negative viewpoint. Because as far
> | as I can tell from the actual numbers, this economy is
> | doing really, really well.
> | ...
><https://www.noahpinion.blog/p/if-this-is-a-bad-economy-please-tell>
>
> --bks

Pattern. When the economy is doing well, Republicans will take power on wedge aka
societal issues. While in power, they'll run the economy into a tree. The voters will
get angry, return power to the Democrats who will repair the economy. Once the economy is
working again, the voters will give Washington back to the GOP for some or other social
policies and again, once they have the government in their control, the Republicans will
destroy the economy.

Swill
--
https://ycharts.com/indicators/us_inflation_rate

Inflation is already at Fed target.

It is below the long term historical average.

Unemployment remains low at under 4%.

Fed cuts have not pushed us into a recession.

Interest rates remain in historical low range.

The housing market is hot.

Manufacturing is hot.

"Comeback in Factory Jobs Appears to Be for Real"
<https://www.bloomberg.com/opinion/articles/2023-02-09/comeback-in-factory-jobs-appears-to-be-for-real>

"Unpacking the Boom in U.S. Construction of Manufacturing Facilities"
<https://home.treasury.gov/news/featured-stories/unpacking-the-boom-in-us-construction-of-manufacturing-facilities>

Is manufacturing growing in the US?

"U.S. manufacturing growth outpaces the rest of the world

"It was negative for nearly the entire range, reaching a minimum of -8% in late 2021
before increasing to become positive in September 2022. In November 2022 it was 0.26%.
American manufacturing growth started outpacing the rest of the world's growth at the end
of last year for the first time in recent memory.Mar 7, 2023"
<https://www.axios.com/2023/03/07/us-manufacturing-growth-outpaced-world>

GO RFK!

Send money!

https://www.kennedy24.com

| ...
| American employers added 187,000 jobs last month, the Labor
| Department reported on Friday, a figure that exceeded the
| flow of people entering the labor market. The unemployment
| rate sank back to 3.5 percent, near a record low.
| ...
<https://www.nytimes.com/live/2023/08/04/business/jobs-report-july-economy>

--bks

On Fri, 4 Aug 2023 12:52:59 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:

> | ...
> | American employers added 187,000 jobs last month, the Labor
> | Department reported on Friday, a figure that exceeded the
> | flow of people entering the labor market. The unemployment
> | rate sank back to 3.5 percent, near a record low.
> | ...
><https://www.nytimes.com/live/2023/08/04/business/jobs-report-july-economy>
>
> --bks

Damned Democrats! If the unemployment numbers get any lower, even the working poor are
going to prosper!

Swill
--
https://ycharts.com/indicators/us_inflation_rate

Inflation is already at Fed target.

It is below the long term historical average.

Unemployment remains low at under 4%.

Fed cuts have not pushed us into a recession.

Interest rates remain in historical low range.

The housing market is hot.

Manufacturing is hot.

"Comeback in Factory Jobs Appears to Be for Real"
<https://www.bloomberg.com/opinion/articles/2023-02-09/comeback-in-factory-jobs-appears-to-be-for-real>

"Unpacking the Boom in U.S. Construction of Manufacturing Facilities"
<https://home.treasury.gov/news/featured-stories/unpacking-the-boom-in-us-construction-of-manufacturing-facilities>

Is manufacturing growing in the US?

"U.S. manufacturing growth outpaces the rest of the world

"It was negative for nearly the entire range, reaching a minimum of -8% in late 2021
before increasing to become positive in September 2022. In November 2022 it was 0.26%.
American manufacturing growth started outpacing the rest of the world's growth at the end
of last year for the first time in recent memory.Mar 7, 2023"
<https://www.axios.com/2023/03/07/us-manufacturing-growth-outpaced-world>

GO RFK!

Send money!

https://www.kennedy24.com

On Fri, 4 Aug 2023 12:52:59 -0000 (UTC), bks@panix.com (Bradley K.
Sherman) wrote:

> | ...
> | American employers added 187,000 jobs last month, the Labor
> | Department reported on Friday, a figure that exceeded the
> | flow of people entering the labor market. The unemployment
> | rate sank back to 3.5 percent, near a record low.
> | ...
><https://www.nytimes.com/live/2023/08/04/business/jobs-report-july-economy>
>
> --bks

Interesting how Bradley only positive news. Here's some disturbing
signs of trouble:

"The national average 30-year fixed mortgage rate ended in July where
it started before edging near 7% the first week of August. A basis
point is one-hundredth of one percentage point.

Meanwhile, existing monthly home sales dropped 3.3%, with all four
major U.S. regions posting year-over-year sales declines, according to
the National Association of Realtors (NAR)."

https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/

"Gas prices at the pump are surging once again. On July 25, the
national average cost for a gallon of gas rose by 4 cents, bringing it
$3.64. The following day, the average cost climbed 5 cents to $3.69,
the biggest one-day increase since June 2022. Currently, the national
average cost for a regular gallon of gasoline is $3.71. According to
CNN, "analysts blame a combination of mounting supply cuts by OPEC and
Russia, extreme heat that has sidelined oil refineries and optimism
about the health of the world economy.""

https://www.kiplinger.com/personal-finance/spending/gas-prices-on-the-rise-how-to-save

"If you’ve been noticing an uptick in tow trucks on the roads in your
town, you’re not alone. Back in February, Cox Automotive indicated
what we already intuitively knew: car repossessions are up, way up.
After a sleepy time during the past couple of years, Cox found that
nationwide the rate of vehicle repos had increased a whopping 20.4%.
The bad news is it looks like this is only the beginning of a trend
that continues to grow."

https://www.yahoo.com/lifestyle/car-repossessions-rise-120000818.html

On Fri, 04 Aug 2023 10:08:58 -0400, Governor Swill
<governor.swill@gmail.com> wrote:

>On Fri, 4 Aug 2023 12:52:59 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:
>
>> | ...
>> | American employers added 187,000 jobs last month, the Labor
>> | Department reported on Friday, a figure that exceeded the
>> | flow of people entering the labor market. The unemployment
>> | rate sank back to 3.5 percent, near a record low.
>> | ...
>><https://www.nytimes.com/live/2023/08/04/business/jobs-report-july-economy>
>>
>> --bks
>
>Damned Democrats! If the unemployment numbers get any lower, even the working poor are
>going to prosper!
>
>Swill

So Bradley reports this as "good" news. Turns out not so much:

"The US labor market continues to cool.

The US economy created 187,000 new jobs in July while the unemployment
rate fell to 3.5%, the Bureau of Labor Statistics said Friday.
Economists had expected job gains to total 200,000 with the
unemployment remaining unchanged at 3.6%."

https://finance.yahoo.com/news/jobs-report-august-4-july-2023-123149729.html

Kremlin Girl <NoBody@nowhere.com> wrote:
> ...
>>> | ...
>>> | American employers added 187,000 jobs last month, the Labor
>>> | Department reported on Friday, a figure that exceeded the
>>> | flow of people entering the labor market. The unemployment
>>> | rate sank back to 3.5 percent, near a record low.
>>> | ...
> ...
>So Bradley reports this as "good" news. Turns out not so much:
> ...

There are only so many people! Biden can't produce more jobs
every month, ad infinitum.

But compare to Trump under whom the economy *lost* 2.9 million
jobs and the unemployment rate increased to 6.3%:
<https://www.factcheck.org/2021/10/trumps-final-numbers/>

--bks

NoBody wrote:
> Interesting how Bradley only positive news. Here's some disturbing
> signs of trouble:
>
> "The national average 30-year fixed mortgage rate ended in July where
> it started before edging near 7% the first week of August. A basis
> point is one-hundredth of one percentage point.
>
> Meanwhile, existing monthly home sales dropped 3.3%, with all four
> major U.S. regions posting year-over-year sales declines, according to
> the National Association of Realtors (NAR)."

How do you feel about Republicans punishing people with mortgages
in rich states because they're Democrat?

https://www.irs.gov/publications/p936

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