JTsyo
Lifer
- Nov 18, 2007
- 12,021
- 1,129
- 126
- Aug 4, 2000
- 30,821
- 2,627
- 126
If Powell doesn't cut he will probably be deported to El Salvador. MS 13 gang symbols will be reportedly found on his iPhone.
- Aug 4, 2000
- 30,821
- 2,627
- 126
Charmonium
Lifer
- May 15, 2015
- 10,393
- 3,458
- 136
Once again, I call attention to the fact that the primary reason that there has been no cut yet is the possibility that disruptive tariffs will boost inflation.
Since reductions in interest rates stimulate the economy, they therefore aggravate/corrupt any endemic inflation that isn't clear from the Fed's data streams.
But TACO (Trump always chickens out) rides to the rescue. IOW, the tariff scare was probably, unduly alarmist.
I think what happened is that Republicans in Congress told Trump that they had the votes to undo the tariffs if Trump didn't do it himself.
- Aug 4, 2000
- 30,821
- 2,627
- 126
Charmonium
Lifer
- May 15, 2015
- 10,393
- 3,458
- 136
Checked the unemployment and the initial claims is even trending downward but still basically in range.
Yeah, the people whining about a recession on Reddit are mostly Gen-Z who don't want to understand that nobody wants to hire them.... especially when they are only looking for remote jobs.
Yeah, the people whining about a recession on Reddit are mostly Gen-Z who don't want to understand that nobody wants to hire them.... especially when they are only looking for remote jobs.
dullard
Elite Member
- May 21, 2001
- 25,934
- 4,525
- 126
You should look at the whole picture before reaching conclusions. You are correct that initial jobless claims have been down for a couple of weeks (but as you said are within the range that they have been recently). But the TOTAL people collecting unemployment insurance is UP over the last year.
Roughly 100,000 people more unemployed than this time last year:
See page 4: https://www.dol.gov/ui/data.pdf
I also wouldn't use Reddit to get a whole picture. Of course Reddit is overweighted with Gen-Z posters. Generations such as the boomer generation tends to use Reddit less.
Last edited:
IronWing
No Lifer
- Jul 20, 2001
- 72,395
- 32,970
- 136
Indus
Lifer
- May 11, 2002
- 15,491
- 10,810
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You might not want to believe Reddit but do you really want to believe .gov numbers after what they did during COVID?
It's a lie.. all of it!
You have to of been employed to be getting UI... which is why Gen-Z isn't showing up.
The Fed kept the rates steady although there was two who voted against it (wanting a rate cut)
Indus
Lifer
- May 11, 2002
- 15,491
- 10,810
- 136
You remember the Florida website mess where you couldn't even apply for unemployment.. it would just run in circles as it was meant to keep people out of benefits.
Anyways the people voted for it.. they can suck on it hard now!
dullard
Elite Member
- May 21, 2001
- 25,934
- 4,525
- 126
The BLS civilian employment numbers pretty much replicate private data such as from ADP or Challenger, Grey, and Christmas. This includes the time during Covid. Are you saying that two independent private firms also lie in the same way? Is there something specific that you found that you'd like to discuss or just general anti-governmental fear mongering?
Apple risks $12.5 billion revenue hit as judge weighs Google antitrust remedies, J.P.Morgan warns
The worst-case scenario is that Apple loses 15% of its earnings per share.
Apparently the Google Search case will wrap up in August. It might be a bigger deal for Apple since they could lose a large chunk of their profits.
OTOH if Apple does lose the Google Search money, maybe they will let third party browsers on iOS.
- Aug 4, 2000
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Trump imposes temporary taco tariffs, the market yawns for now as he will most certainly and quickly do something counter to it (telling his friends first so they can profit some how, of course).
At these loft AI hype loftly levels a 5% temporary pullback on "me too" trading to the downside then going right back up is not out of the question.
Just noise in taco land.
At these loft AI hype loftly levels a 5% temporary pullback on "me too" trading to the downside then going right back up is not out of the question.
Just noise in taco land.
- Aug 4, 2000
- 30,821
- 2,627
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Nintendo Switch Pricing Update - News - Nintendo Official Site
Pricing for the original Nintendo Switch™ family of systems and products will change in the United States based on market conditions, effective August 3, 2025. These include Nintendo Switch – OLED Model, Nintendo Switch, Nintendo Switch Lite and sel…
www.nintendo.com
You sure the tariffs are dead? Nintendo is raising the price of the Switch... 1 ... in the US on Sunday.
dullard
Elite Member
- May 21, 2001
- 25,934
- 4,525
- 126
Trump TACOed a bit today. Delaying many of the tariffs yet another week (is this the 3rd delay? I can't keep track). But bring on the inflation, at least I've had a chance to prepare for it. The stock market is overdue for a correction.
AdamK47
Lifer
- Oct 9, 1999
- 15,683
- 3,531
- 136
Tariffs aren't the main concern today. It's the weak jobs report. Particularly the down revision of previous months. The coupling of the downward revisions with the July numbers hurt the fed. No doubt we would have had a July cut if they had this information.
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