US economy will soon start losing 175,000 jobs a month, Bank of America warns

Nordberg said:
Trump's tariffs would accomplish that. Musk said there will be pain. It will not be his pain. It will hurt the masses, the little insignificant people.
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I guess we will see. Given how George Dumbya Bush and Trump managed the economy during their terms, I am not inspired with confidence
 
Walt said:
There are just so many empty job vacancies we have to go through before we start losing net jobs, I doubt it will happen for another year or possibly more. But we all have our own opinions, and predictions.
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Wow, my prediction turned out 100% correct. Biden was able to reduce inflation without causing a recession.

We were in a bit of uncharted territory, with so many open positions, but it turns out that we did not have much to worry about... Back then. Now we have a huge amount to worry about.
 
Walt said:
Wow, my prediction turned out 100% correct. Biden was able to reduce inflation without causing a recession.

We were in a bit of uncharted territory, with so many open positions, but it turns out that we did not have much to worry about... Back then. Now we have a huge amount to worry about.
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How much lower do you think Biden will bring rates over the next handful of months? Or will he pause his rate cutting after the next one?
 
cawacko said:
How much lower do you think Biden will bring rates over the next handful of months? Or will he pause his rate cutting after the next one?
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Biden is President in name only....he has no ability to do what you claim he can do.....this is obvious from watching him.

Tell the Truth.
 
cawacko said:
How much lower do you think Biden will bring rates over the next handful of months? Or will he pause his rate cutting after the next one?
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I could be wrong, but there is only one rate meeting before the trump presidency. Mid December, the Fed will almost certainly drop the rate by a quarter of a percent. Anything more or less would be dangerous.

Then trump will come to power. he will pressure for a massive cut. And we will see how much power the president has over the Fed.
 
Walt said:
I could be wrong, but there is only one rate meeting before the trump presidency. Mid December, the Fed will almost certainly drop the rate by a quarter of a percent. Anything more or less would be dangerous.

Then trump will come to power. he will pressure for a massive cut. And we will see how much power the president has over the Fed.
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Your position has been Biden drives interest rates. I thought maybe he had the power to someone continue even once out of office.

But yes, there is one remaining Fed meeting in Dec and the 25bps seems to be the market belief on what Powell will do.
 
cawacko said:
Your position has been Biden drives interest rates.
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No, that is not my position.
cawacko said:
But yes, there is one remaining Fed meeting in Dec and the 25bps seems to be the market belief on what Powell will do.
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Biden and Powell will do the normal things to get the most growth with the least inflation. They will work, but they will end shortly. Then we will see what happens when we do bizarre things.
 
cawacko said:
Your position has been Biden drives interest rates. I thought maybe he had the power to someone continue even once out of office.

But yes, there is one remaining Fed meeting in Dec and the 25bps seems to be the market belief on what Powell will do.
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Open Market Committee sets the rate.
 
Walt said:
No, that is not my position.

Biden and Powell will do the normal things to get the most growth with the least inflation. They will work, but they will end shortly. Then we will see what happens when we do bizarre things.
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Like over juice the economy with stimulus on the fiscal end and declare inflation transitory and leaving rates too low for too long on the monetary end?
 
Hawkeye10 said:
Biden is President in name only....he has no ability to do what you claim he can do.....this is obvious from watching him.

Tell the Truth.
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Jesus Christ Hawkeye. Do I have to lay it out on a platter for you? He's claiming Biden controls monetary policy. Hence my remark.
 
Its worth mentioning that even the official manufacturing numbers are dreadful.

As well the chatter about holiday retail spending.
 
Just the Regime is setting up America to fail overseas on Trumps watch so they can blame Trump and hopefully take out MAGA it sure looks like the same program is being run on the economy.....I see a claim that the experts are 96% confident of a 25 basis points rate reduction at the next meeting, but this ignores the burn it to the ground so that UTOPIA can spring from the smoldering ashes program.
 
Hawkeye10 said:
Just the Regime is setting up America to fail overseas on Trumps watch so they can blame Trump and hopefully take out MAGA it sure looks like the same program is being run on the economy.....I see a claim that the experts are 96% confident of a 25 basis points rate reduction at the next meeting, but this ignores the burn it to the ground so that UTOPIA can spring from the smoldering ashes program.
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And what should the Fed be doing?
 
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