Good News

[MCMLXXX]

Sometimes we all need to at least find something that we can all be thankful for.  

https://www.msn.com/en-us/money/markets/u-s-jobless-rate-unexpectedly-fell-in-may-as-hiring-rebounded/ar-BB154ATi?ocid=msedgdhp

[KRAM1]

Crickets

[ColoradoEagle]

[97and03]

 

[MCMLXXX]

37 minutes ago, 97and03 said:

Jason Furman is former Chair of Economic Advisors under Obama. 

 

[97and03]

Seems the way it is calculated is questionable but not unique to this month. So some experts say that even with the “error” it did fall. 
And this is why we are objective and look at multiple data sources. 

[El Paso Eagle]

It's really sad to see the liberals falling over themselves to try and slow down this country's economic recovery. Is their hate for Trump so great that they don't want to see this country do well? If there was a Dem in the White house and the same reports cam out would they be celebrating? 

As mentioned the way most economic reports could be considered questionable. Not saying  @97and03  is wishing continued economic hardships but there are many Democratic politicians and liberal pundits who truly do not want to see the country do well before November. Putting the "R" or "D" before the good of the country does not help the majority of people.

[ColoradoEagle]

6 minutes ago, El Paso Eagle said:

It's really sad to see the liberals falling over themselves to try and slow down this country's economic recovery.

It’s really sad to see Trump trying to do a victory lap for political gain when we’re still at the highest percentage of unemployed people since the Great Depression. 

[El Paso Eagle]

3 minutes ago, ColoradoEagle said:

It’s really sad to see Trump trying to do a victory lap for political gain when we’re still at the highest percentage of unemployed people since the Great Depression. 

And yet prior to the Covid pandemic no one on the left wanted to give him credit for the record numbers. 

[ColoradoEagle]

20 minutes ago, El Paso Eagle said:

And yet prior to the Covid pandemic no one on the left wanted to give him credit for the record numbers. 

Credit for which record numbers?

[El Paso Eagle]

7 minutes ago, ColoradoEagle said:

Credit for which record numbers?

 

[ColoradoEagle]

I’ll give him credit for managing to not mess up an existing trend. 

[El Paso Eagle]

1 hour ago, ColoradoEagle said:

I’ll give him credit for managing to not mess up an existing trend. 

Speaking statistically, it is harder to keep an existing trend going as you get closer to the target. For example, in the world of Warehouse inventory management (know it's not the same, but principal is) - Going from 95% to 98% is easier than 98% to 99%, and that is easier than 99% to 99.5%

Similar to now, we will probably see record jobs growth as a relation to where it started. For me personally I do not care who gets/takes the credit, I just wan to see the economy rebound 

Edited June 6, 2020 by El Paso Eagle

[untcampbell]

Troll: What a great headline. Good news (in my best Paul Harvey voice)! And I appreciate you trying. Probably best to not discuss any good news In public until November.

Signed, 
Optimist

 

GMG (the sign off that says “we all have something in common”)

[ColoradoEagle]

2 hours ago, El Paso Eagle said:

Speaking statistically, it is harder to keep an existing trend going as you get closer to the target. For example, in the world of Warehouse inventory management (know it's not the same, but principal is) - Going from 95% to 98% is easier than 98% to 99%, and that is easier than 99% to 99.5%

True, and that's why you had Trump pressuring the Fed to lower the interest rate, despite the positive indicators. They're now having to give actual consideration to a negative interest rate. Also record deficits, cutting taxes for the wealthy, etc. 

I'm not being contrarian because "orange man!", but because we're now in a really rough spot economically, with a long road to recovery, and not a whole lot of tools available to get there. There's no V shaped recovery here, and thus the "Mission Accomplished" banner reaction to his victory lap yesterday. 

 

[El Paso Eagle]

7 minutes ago, ColoradoEagle said:

True, and that's why you had Trump pressuring the Fed to lower the interest rate, despite the positive indicators. They're now having to give actual consideration to a negative interest rate. Also record deficits, cutting taxes for the wealthy, etc. 

I'm not being contrarian because "orange man!", but because we're now in a really rough spot economically, with a long road to recovery, and not a whole lot of tools available to get there. There's no V shaped recovery here, and thus the "Mission Accomplished" banner reaction to his victory lap yesterday. 

 

I could counter with if he had not made the pushes prior to the outbreak we would not have been in a position to start recovering for months.

This pandemic is a global disaster that no one, regardless of party would have been ready for. It's easy, in this case, for the opposition party to say they would have done this or that and would have listen to this person, not that person. There is no way to verify if they would have been correct and they know that. However, the elected politicians on both sides in Washington, instead of working together have played partisan games and the ones that are hurting are the people of this country. As long as those in Washington, along with all of the lobbyist, can keep the general public going at each other over "right" and "left" issues, they know they will not, for the most part, be held accountable for their actions. And during all of this, foreign hackers have been going after both sides as they know their only chance  is against a divided America. 

[El Paso Eagle]

More good news  . Per CNN, it's OK to gather to protest this, just not other things like back to work

 

Over 1,000 health professionals sign a letter saying, Don't shut down protests using coronavirus concerns as an excuse. Guess this will be supported by liberals that said all other gathering were dangerous and reckless

https://www.cnn.com/2020/06/05/health/health-care-open-letter-protests-coronavirus-trnd/index.html

 

A lot of these people are the same ones that said there should not be gatherings at churches. Seems to be a correlation in this country of the more we push Christianity away the more social unrest we have. Not saying it's the main reason, but a correlation could be drawn.

 

 

[UNTLifer]

On 6/6/2020 at 2:22 PM, ColoradoEagle said:

It’s really sad to see Trump trying to do a victory lap for political gain when we’re still at the highest percentage of unemployed people since the Great Depression. 

And yet with all of that, the market is still higher than when the previous administration left office.

[ColoradoEagle]

27 minutes ago, UNTLifer said:

And yet with all of that, the market is still higher than when the previous administration left office.

The market has very little to do with the economy.

[UNTLifer]

On 6/8/2020 at 11:59 AM, ColoradoEagle said:

The market has very little to do with the economy.

Ummm, not exactly.  The stock market is where investors go to "bet" on the economy, so higher numbers reveal confidence in the direction of the economy and where it will be in the future.  They are not the same thing, but they have something to do with each other.

Edited July 10, 2020 by UNTLifer

[ColoradoEagle]

2 minutes ago, UNTLifer said:

Ummm, not exactly.  The stock market is wear investors go to "bet" on the economy, so higher numbers reveal confidence in the direction of the economy and where it will be in the future.  They are not the same thing, but they have something to do with each other.

Never said nothing to do with it, but very little. As you said, they're betting on where we may end up, but the economy today is absolutely devastated.