#jobs #employment #FederalReserve #yahoofinance
Deutsche Bank Securities Chief US Economist Matthew Luzzetti and Economic Cycle Research Institute Co-Founder Lakshman Achuthan join Yahoo Finance Live anchors Julie Hyman, Brian Sozzi and Brad Smith to discuss Fed Chair Powell’s FOMC speech, the October jobs report, a recession, and the outlook for the labor force.
Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
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Like Monarchs looking down on Peasants and speculating about how little provisions the Subjects can continue to exist with,
the Lords of Wall Street drop Fiat Dollars on the Workers below,
in the tradition of Abbie Hoffman and the Yippies sprinkling money on Traders……
What a lovely turn of events?
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@rub tyson check the web and you will find him, drop a msg.
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definitely not what the market is saying. dollar and yield tanked hard, equity and gold are pumping like rate cut and QE. lol.
@888strummer We are all entitled to our opinion of politicians and fed so I’m not going to comment on that piece of it. I’m more strictly about the events unfolding and the economy, not the person behind the scene. The market sure is volatile today, in equity at the very east, metals are still holding high.
@Steven The events unfolding ALL connect to the political mistakes made in Washington the past few years as well as the mistakes made by the Fed. It’s weak to be so scared of politics because it is often BIG factor. The Fed took a year too long to raise rates and the Biden administration has reduced the supply of AMerican energy and has greatly overspent. These are the main factors along with the Russian war and China’s lockdown’s that are causing the economic pain and the inflation. All factors including politics must always be looked at
The Fed’s job was made much tougher by the recent $800 billion spending bill in October. THe last thing the Fed wanted was more massive spending. BOTH parties are equally guilty of over spending over the years and BOTH parties have contributed to these problems. But the deomcrats attack on the energy sector makes them worse.
People need to learn to discuss politics as adults and to grow up and not get offended when their person in power is terrible. Clearly Biden and the Dems along with Powell have both failed the American people. And now we are hoping the people who failed us will somehow save us from a recession. I doubt they will
I’ll continue shorting SQQQ and SDOW and will patiently wait to get back in. A republican win on Tuesday might get me to cover half my positions as that would end the massive spending, but Powell remains an idiot so I’ll stay short with half my holdings unless Russia ends their dumb ass war. Maybe I’ll buy gold and silver and baseball cards! Take care Steven and good luck with your trades
@888strummer you’re going off topic again. I’m not here to discuss politics, you’re entitled to your opinion. Like you said we can talk about politics like adults but often ‘adults’ become idiots when they hear different political opinions. LoL. To refrain from turning a comment about business and economy to politics, I think I’ll just leave it as such. Best of luck to your position.
@Steven You sound like a child because politics is part of investing and sometimes a very big part. Regardless of political party, the stock market can do well with either party in charge, but the policies of Biden to lower oil and gas production from American businesses has been a huge part of the worldwide inflation problem. I began getting out of the market when it was obvious Biden was a moron who hated the energy sector.
And I’ve been short since the war started Feb 24th. A few hours ago I decided to cover my position as I think we are at a bottom or near a bottom. The combo of republicans winning the Senate and House and Repubs putting an to the IRRESPONSIBLE spending by Biden combined with President Xi telling Russia NOT to use nukes; tells me it’s possible the end to this moronic war might happen soon. An end to spending in Washington and an end to this war means it’s time to stop shorting the market and time to buy QQQ and DOW.
Sorry my fellow investor but you need to grow a pair and recognize that politics is a part of investing and at times a HUGE part when presidents have an hatred for major sectors like energy. If you don’t see the connection to business and politics then you must never have a run a business. I ran a successful business for 30+ years and business and politics are hugely connected. Best of luck and again grow a pair and learn to rationally discuss politics and business or you will be greatly limited in your investing. I think we are at or near a bottom finally.
@888strummer You’re an example of the primary reason why I don’t talk about politics. LoL. We could have parted our way with disagreeing but it seems like you’re constantly returning trying to turn this into a toxic conversation. it doesn’t take much effort to throw insults nor does it sound like what adults do, you’re delusional thinking that you have been holding up a good conversation.
Kill the Fed
Not a problem, as massive layoffs have begun and will accelerate after Q4, once corporate execs have finished cooking the books and banked record bonuses. Just wait until the zombie companies bankruptcies start and people max out their credit cards. Have a happy holiday season everyone!
What about FedEx
Biden is making too many jobs. Tell him to stop it.
You know you could work for 40yrs to have $1M in your retirement, meanwhile some people are putting thousands of dollars in a meme coin and now they are multimillionaires.
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@Maddison Maoris Lol these are all bots with an orchestrated convo
Not sure they’re all still millionnaires after this year
Most people think that investing in stock/crypto is buying and holding until it rises, after the recent crash and recession, the best investment you can make right now is to invest in Forextrading and Crypto Futures, although stocks and cryptocurrencies are good, but ever since I swapped to Forextrading and futures trading I have seen so much difference.
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Lotion
When something breaks? The layoff creates massive panic in the working class, with people losing their jobs and houses. Will that make you aholes happy? How the US manages inflation is a freaking joke. And the audacity of talking about China, they had high inflation in the 2000s while everyone’s wages were doubling every few years, but did they try to kill the job market just simply because of inflation? No, because people deserve to increase their salary over time, unlike the US. Finally, the working class seeing some increase in their paychecks, and the US wants to kill the job market. None of the aholes had a problem with the 1% making 10000% more than they did 30 years ago or the oil companies making record profits…
a strong jobs report should make stocks go down. because the fed wants unemployment to go up. this only means interest rates have to go even higher. plunge protection team at work here.
Interest rates probably need to be @ inflation rate + 2%
E cite motors. VAPR stock
The economy is going great. And that’s why they must destroy your living and propagandize you into thinking it’s democrats fault. Capitalism is really a disease.
2.3 million jobs gap between establishment survey and household survey. Only time gap was this big was before Obama and Hillary elections. After midterms, numbers plunge.
After midterms, watch the data catch up with reality of a declining contracting economy.
That’s fair, but I envision a nice market rally once the midterms are over and that uncertainty is behind.
@Alex K only thing certain is higher gasoline prices
You said all. After the election red everywhere
@John Dingle And war.
Oil up 5% today. With rumors of China opening up the economy. Oil gonna skyrocket once strategic petroleum reserves run out and need to be refilled.
Democrats spent everything to keep gas prices down. Recession is your only hope now of keeping prices lower.
It’s honestly scary how calmly people are talking about leaving people unemployed. Like who are these people to discuss whether or not we should be employed? This is awful.
😃
The Priest class of society since time immemorial
They’re all making money off it by shorting the market, Thats why they’re so chipper about it.
@DaveHates808s
You can too, stop whining
Charts appear to say 21.1k bottom i could see that, but not with the macro situation though. I dont even think talkin bout the bottom is worth it atm. Macro is the worst in decades energy, inflation, rate hikes, supply shortages etc etc its the perfect storm. From 2008ish till around 2021 when the economy was boomin & the fed was printing money btc still crash about 85%. So i find it hard to accept a 75% crash for a bear market that lines up with a global recession, dont make sense to me. Institutions & whales need retail to sell so theres enough supply to meet their demand & they aint buyin yet!! The thing is retail aint got any money to ape in to btc atm & over the next 12 months or so i see less money in the system as the fed tightens & everything goes up in price. So where will the money come from in that kind of a setting?? I really dont think weve seen the bottom yet or the kind of pain coming next year after mid terms. I guess we will see, I will keep buy and just trade long term more than ever, I have made over 4.5` btc from trading with Kevinortale.. in few weeks this is one of the best medium to backup your assets incase it goes bearish.
I’m a long term investor/trader. I withdraw my profits of over £ 56,000 during the covid-19 pandemic using his signals.
For a start you need a good and experienced hand to guide you. Trust me, trading isn’t difficult as we see it. With the right information and guide, you can earn hugely weekly.
Tradesman jobs are up, rebuilding America
So is it jobs or wages? The math is getting stupid
Wow Tnx bro good
It isnt the problem of too many jobs out there causing inflation. The unemployment rate is mainly due to demographic factors. The problem is the fed created way too much money for Congress to borrow and spend. A lot of the damage is already done and cant be undone. Keep rates at 4% for a while and raise inflation expectations to 3%. 2% was an outlier of the 2000s and 2010s.
People are forced to take on multiple jobs. Lol but whatever