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Name:   GoneFishin - Email Member
Subject:   Is This The Beginning?????
Date:   6/7/2019 9:54:07 PM

Let's hope this is not the beginning of the "R" word.

Washington – U.S. companies last month added the fewest jobs in nine years, a private survey found, as manufacturers, construction firms and mining companies cut workers. Payroll processor ADP said Wednesday that businesses added just 27,000 jobs in May, the fewest since March 2010. Jobs in construction fell 36,000 and in manufacturing by 3,000.

Small business – 49 or fewer employees – fared the worst, losing 52,000 workers last month.

May's results are a sharp contrast to the robust job creation ADP found in April. That month's now-revised new jobs totaled 271,000.

Name:   wix - Email Member
Subject:   Golly Gee GOOF-IDIOT
Date:   6/7/2019 10:51:32 PM

Could it be because it’s just a cyclical event and reporting days were more in April than May?  Market doesn’t seem to agree with your liberal idiot reference...GEEZ

Name:   wix - Email Member
Subject:   Golly Gee GOOF-IDIOT....or
Date:   6/7/2019 10:59:46 PM

Maybe it’s businesses response to liberal idiot demands for $15.00/HR for minimum wage.....if so, very predictable.

Name:   GoneFishin - Email Member
Subject:   Golly Gee RACIST-WIX....or
Date:   6/8/2019 10:19:12 AM (updated 6/8/2019 10:20:00 AM)

Let's see...more days in April...wrong dude.  $15 minimum wage...wrong dude. The lefist paper the WSJ explains it quite clearly:

The editorial board of the Wall Street Journal took President Donald Trump to task over the latest jobs report, saying his interference in markets and trade policy is damaging the economy and he needs to butt out.

Noting a meager 75,000 jobs created, the editorial gets right to the point: “President Trump understandably talks up the job creation on his watch, so he should heed Friday’s Labor report that showed a sharp pullback in hiring. The labor-market warning reinforces other evidence that the uncertainty caused by scattershot tariffs is now hurting employment as well as investment.

With Trump threatening tariffs on a whim over unrelated economic issues, the editors went to so far as to explain to the president the success former President Barack Obama had in creating jobs while pointedly stating under Trump, “The jobs trend this year is going in the wrong direction.”


Name:   flyfisher - Email Member
Subject:   Is This The Beginning?????
Date:   6/8/2019 12:15:04 PM

what a PATRIOT--wishing for a recession ! must be related to that left wing atheist  Bill Maher

Name:   QuietMan - Email Member
Subject:   Wix the IGNORANT BIGOT
Date:   6/8/2019 8:26:43 PM

you really are hung up about your silly beliefs. Maybe we should add moron to your already very well-suited nichname. 

Name:   MartiniMan - Email Member
Subject:   Maybe....maybe not
Date:   6/10/2019 7:01:26 PM (updated 6/10/2019 7:44:00 PM)

A recession properly defined is two consecutive quarters of negative GDP growth.  So time will tell but for sure one month of job growth below expectations is a far cry from a recession.  Let's see what the revised number is and then track it for another 2 to 3 months.  For sure the specter of a trade war with China is having an impact.  The question is whether it will pay off with fairer trade with China as well as other countries.  I am not a fan of tariffs because they are paid by the consumer but nothing else has worked with China.  It's a big gamble for Trump to do this because for certain a recession will make his reelection less likely.

I would also be remiss if I didn't point out that the job news was not all that bad when taken in total.  Actual hiring in May was at a record high and there are still 1.63 million more jobs out there than applicants.  And most of the hiring was in the private sector (education, health care and construction) which is also good news. Manufacturing jobs lagged a little but they couldn't keep the torrid pace of the last year.

One would hope that Democrats are not wishing for a recession just to make it harder for Trump in 2020 but they are out there for sure.  the Fed sure thinks something is up as they are now calling for possible rate cuts.  But as I have posted before they always seem to overshoot in both directions based on whether they think there will be inflation.  So far we have had a very strong economy with no real inflation to speak of so that is also impacting their thinking.  

Name:   Carlson - Email Member
Subject:   Maybe....maybe not
Date:   6/10/2019 8:51:32 PM

Tariffs are seldom paid by consumers.  They simply do not buy the product but find a substitute that is now 25% cheaper.  Very seldom will I pay 25% more for a product when another one is 25% cheaper.  Tariffs work for the individual products when adequate substitutes exist.  

What I find intriguing is the media and consumers who draw this conclusion when it is wrong.  Now if it is an essential item to life (not in the USA) there maybe credibility to the argument temporarily until substitutes begin to show up.  Tariffs work on changing behaviors, period.  Of course if the producer can just sell it elsewhere, tariffs are meaningless!  

Now, back to my corona light!

Name:   MrHodja - Email Member
Subject:   Maybe....maybe not
Date:   6/10/2019 11:02:34 PM

Elysian Space Dust IPA...nectar of the beer

Name:   MartiniMan - Email Member
Subject:   Maybe....maybe not
Date:   6/11/2019 10:37:24 AM

I think that's true for individual products but when you have tariffs on raw materials like steel they don't equate to a 25% increase in the cost of the product they are used to manufacture and those cost probably do get passed along.  But like I said, while I'm not usually in favor of tariffs (i.e., when they are just used to protect an inefficient industry), we have to do something about China and this is at least a form of leverage.  What doesn't help is that dictators like Xi can just outlast the current President and hope a Democrat will be elected so it's back to normal with China screwing us, stealing our technology and using the money we pay for their crap products to arm themselves.  At least Trump recognizes the real threat.

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