350k new jobs in January

Way to go, Joe!

 

We're living the world of Freaky Friday where somehow good news is really bad news and a string of great jobs reports/continuing low unemployment will lead to current interest rates being in place for a longer period of time due to the Fed's fear of inflation creeping up again.

 

The economy as a whole is doing really well but there's some outlier indicators that don't jive. It's pretty bizzare indeed

 

Didn't seem to slam the market much today. Could be the combo with the release of a big increase in consumer confidence, which is overmatching the effects of higher interest rates.

 

I can’t think of a good reason to cut interest rates. They are sitting right on their 50 year average, UE is too low & GDP is doing fine.

 

High yield savings accounts are at like 5% and outpacing inflation. I like free money for doing nothing

 

Yep, to cause some real cognitive dissonance, cuts in interest rates in the short-term would require substantial increases in labor force size. Given birth rates and retirement rates (especially with high market prices), the only way to do this would be to substantially increase immigration, especially for lower skilled workers.

 

This is fake news. I just went to the Fox News website and saw no mention of the jobs numbers

 

First Hey Arnold gif I've seen on Too Hot. Nice

 

Agree on all points, but I need to buy a vehicle in 2024, and have been putting off a large home reno for years. Wife's getting impatient.

The vehicle is one thing - I'll just put a ton down, but I can't bring myself to leverage a ton of home equity at 6-7%. Ouchy.

I wish a few million would lose their jobs so I can add on to our home cheaply

 

Like what?

 

True. I just assumed because you lived in Maine you were the Ron Swanson type that would remodel his own home using his wood planer.

 

We went over this yesterday. But we can start with the wealth gap

 

Thoughts and prayers to right wing doomsday hopefuls.

 

Yup.That’s a problem. Our economy really only works for the wealthy. The bottom either barely get by or doesnt get by, in good times or bad. However, if you discount that, economy is great. Lol

 

The wealth gap isn't an outlier, it's been a constant feature. Sure, it goes up and down a little. But it's always there.

 

Mostly up and up

 

Normally I would, but my planer is on the fritz and I can't get parts because of Trump tarrifs.