October Jobs Report

goat said:
Volkswagen is closing factories
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Volkswagon is shutting factories in Germany, and OPENING factories in America. Biden is not President of Germany.

goat said:
there are many areas in the US where Housing prices are down 30%.
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ExpressLane said:
Housing prices have increased 114.5% since Biden took office.
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Housing is too expensive and too cheap?

goat said:
54 million workers between 18 and 64 are unemployed. Once you include all workers, real unemployment is at 30%. No one can deny we are headed for a greater depression than 1929.
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In the real world, workforce participation among people in the prime of their careers is just short a record highs. If you consider all the people not employed to be unemployed, that suddenly makes trump's years much worse than today. Not to mention that huge numbers of women were not employed during the Great Depression, so you have to inflate that number too.

"And the workforce-participation rate for people between 25 and 54, in the prime of their careers, is nearly 84%, just shy of the record high."
www.economist.com

America’s glorious economy should help Kamala Harris

Voters are starting to notice the good news just in time for the election
www.economist.com www.economist.com
 
Walt said:
Volkswagon is shutting factories in Germany, and OPENING factories in America. Biden is not President of Germany.



Housing is too expensive and too cheap?


In the real world, workforce participation among people in the prime of their careers is just short a record highs. If you consider all the people not employed to be unemployed, that suddenly makes trump's years much worse than today. Not to mention that huge numbers of women were not employed during the Great Depression, so you have to inflate that number too.

"And the workforce-participation rate for people between 25 and 54, in the prime of their careers, is nearly 84%, just shy of the record high."
www.economist.com

America’s glorious economy should help Kamala Harris

Voters are starting to notice the good news just in time for the election
www.economist.com www.economist.com
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I live in the real world, Walt. You keep pretending the economy is strong if it makes you feel better. I happen to know the market is saturated. I keep a close eye on the Dow/Gold Ratio and de-dollarization.

I see the boarded-up businesses, the homeless camps, and crumbling infrastructure with my own eyes. My family and friends have received their layoff notice. An educated guess is 10 million families will be foreclosed on in the years following the next Wall Street bankruptcy.
 
goat said:
An educated guess is 10 million families will be foreclosed on in the years following the next Wall Street bankruptcy.
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A scary prediction as to what trump will do to America, but it might not be scary enough.
 
Walt said:
A scary prediction as to what trump will do to America, but it might not be scary enough.
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Trump had nothing to do with Modern Monetary Theory (MMT). He probably doesn't even know what it is. Say what you want but Trump has good fundamental instincts, yet there's nothing he can do to prevent the systemic collapse that has been building since Greenspan.

Germany is going bankrupt. Who could've imagined that before Biden took office? Once Germany falls, it will have a domino effect on Europe. This is not a game, Walt. We weren't around in 1931, but the odds are we will witness the US go through much worse than that.
 
goat said:
Don't die on me, Walt. We've been through a lot together. You're about to get a crash course on fundamentals.
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The fact is that German has the cheapest debt of the Euro Area, because it has the most market confidence that it will not default. There was a fear that there would be a Greek default, but that never happened.

During the Debt Crisis, there was a fear that the PIIGS would fail. The G in PIIGS was not Germany, but rather Greece. The other countries were Portugal, Italy, Ireland, and Spain.

That was 10 years ago, and obviously they did not fail.
en.wikipedia.org

PIGS (economics) - Wikipedia

en.wikipedia.org en.wikipedia.org
 
Walt said:
The fact is that German has the cheapest debt of the Euro Area, because it has the most market confidence that it will not default. There was a fear that there would be a Greek default, but that never happened.

During the Debt Crisis, there was a fear that the PIIGS would fail. The G in PIIGS was not Germany, but rather Greece. The other countries were Portugal, Italy, Ireland, and Spain.

That was 10 years ago, and obviously they did not fail.
en.wikipedia.org

PIGS (economics) - Wikipedia

en.wikipedia.org en.wikipedia.org
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I don't want to hold your hand and walk you through what happened to Greece, but it was intentional set up to fail by the EU, IMF, and world bank, not much different than any other socialist government. You have to understand history and geopolitics to know about economics.

Germany used to be the manufacturing backbone of the EU. That all ended when Biden blew up the Nord Stream pipelines. German industry is falling like a rock, not to mention their banks. You think I type this shit without knowing the global economy? Again, don't die on me, Walt.
 
goat said:
I don't want to hold your hand and walk you through what happened to Greece, but it was intentional set up to fail by the EU, IMF, and world bank, not much different than any other socialist government.
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And yet it did not fail. It was setup to succeed by the EU, and more importantly the ECB.

goat said:
German industry is falling like a rock, not to mention their banks.
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Name a German bank that has failed.
 
Walt said:
And yet it did not fail. It was setup to succeed by the EU, and more importantly the ECB.


Name a German bank that has failed.
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You're only fooling yourself on what happened to Greece. Germany tried to bleed it dry.
Do a little research on Deutsche Bank.
 
goat said:
You're only fooling yourself on what happened to Greece. Germany tried to bleed it dry.
Do a little research on Deutsche Bank.
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Germany refused to bail out Greece, when it probably should have bailed them out quicker, but that is different from bleeding them dry.
 
Walt said:
Germany refused to bail out Greece, when it probably should have bailed them out quicker, but that is different from bleeding them dry.
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Are draconian budget cuts somehow different than bleeding dry? The IMF is one of the criminal organizations that led to BRICS. Many EU and NATO countries would be better off with BRICS but they're terrified of the US.

You have to connect the dots to see the big picture. The next Wall Street bankruptcy will destroy Europe.
 
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