Unemployment drops again, 2x more new jobs v expected

Half the story. Shocker, not.

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We have had historically low interest rates to boost the economy since 2008 or so. Now, the economy doesn’t need those historically low interest rates. The rise in rates is returning us to where we were before the great post-real estate recession.

 

We closed on our place in September 2020. Got it for 20% under asking and with a 30 year fixed at 3%.

Buddy just bought last month and his rate is 5%

We got INCREDIBLY lucky here. I was relentless about getting in while we could, our first home.

 

1. I'll raise your 130 by my 230.

2. Also, not only will inflation not go down, any deficit reduction will be minimal if any.

 

LOL! you don't need the lower rates, but hurt Americans do. Mortgage applications and originations have crashed. Why home builders hired in July is beyond reason.

 

And who are they?

Not true according to the CBO.

https://www.cbo.gov/system/files/2022-08/hr5376_IR_Act_8-3-22.pdf

Good thing because Democrats were left with another massive deficit coming off of a Republican administration. As always.

 

Hmm, so what you are saying is that your predicted reaction (home builders not hiring) didn't happen? I'm shocked.

 

Employment Situation Archived News Releases : U.S. Bureau of Labor Statistics (bls.gov)

Take a look at the growth in employment in oil and gas extraction since the first of the year. Not to upset you climate cultists too much, but the growth in employment has the looks of a private deal cut with Big Oil but not publicized. If so, it begs the question of why Biden is selling down the SPR which is a bad idea other than to try to buy votes.

 

In the job report, anybody want to take a swing at how much of the increase in jobs was filled by part-time workers for the summer? Of the 528,000, how many were full time and how many were part time?

 

The fixation on Biden's age and speech challenges divert us from his administration's accomplishments his first 18 months in office. They're very impressive and benefit the nation, not just the top 10%.

 

Conceding that this is two years old the title says it all about Larry Kudlow's predictions.
“A Used-Car Salesman, Both in Demeanor and Honesty”: Wall Street Isn’t Sold on Larry Kudlow’s Economic Delusions
Although this is even older it's also rather accurate regarding Kudlow's credibility.
5 Times Trump's Favorite Economic Advisor Has Been Spectacularly Wrong About the Economy

 

They're right, if stupid is putting your brain on hold while you go full bore partisan.

 

Whom to take seriously? An original document signed by economists and their university or an opinion article from:
RedState
RIGHT BIAS These media sources are moderately to strongly biased toward conservative causes through story selection and/or political affiliation.

Garbage in = Garbage out.

 

Thank goodness we have a brand new poster rushing here to breathlessly post things from Red State, The Federalist, Gateway Pundit and ZeroHedge as if they had a tiny shred of credibility.

 

Are you referring to $1,200 that was in addition to the $600 and $1,400? Was that the same $4,200 that was in to the $2,500 for each dependent that the people got?

So a couple with three children received $13,900 in about a year tax free.

Starting to sound a lot different than the $15 /week you were trying to dismiss, isn’t it?

 

If it wasn’t so sad it would be funny to note that all of these economic geniuses on this board that are heralding todays jobs report and the new legislation are many of the same people who used to espouse MMT and claim that deficit spending wouldn’t cause inflation in 2020 and 2021.

 

What would be even more interesting would be if there was a link/reference to your claims, economic genius as you are, as I don't recall many espousing that at all.

 

Oh I’m sure it’s just a coincidence that no links or backup can be provided for the wild accusations.

 

Economic genius that I am, I recognize that $1,400+$600+$1,200=$3,200.