"The economy" from the fucking mountain top now.


I guess I am the only one who thinks the economy is doing great. Prices seem to have been going down. Companies doing well and investing in the future. I do believe in the "golden age" for America.

These people are just plain insane to do anything to drag our country down at what ever the cost. Even their own demise. It is the craziest thing of my life time.

This message has been edited. Last edited by: old rugged cross,

quote:

Some 7 million student loan borrowers would have to enroll in a different program and repay their debt if a court approves the settlement.

Given the DC area courts we have to keep our fingers crossed.

quote:

Originally posted by old rugged cross:

I guess I am the only one who thinks the economy is doing great. Prices seem to have been going down. Companies doing well and investing in the future. I do believe the the "golden age" for America.....

I agree. We don't have rising prices from inflation, unfortunately that still leaves most things at last year's high prices. Gas is cheap again but the cost for electricity and natural gas continues to rise. Interest just dropped again. The continuing problem for most employers is finding help.

Most companies aren’t hiring anymore. They aren’t firing as much, but for those entering the job market, that isn’t super helpful.

I think of the economy in multiple stages, and for those beginning their careers, it’s quite difficult. Real wages are lower, cost of living (housing and vehicles) is higher than ever before, adjusted for inflation.

It seems to me that much of the "roaring 2020's" is fueled by greater efficiencies in "production" that lead to lower costs in real terms (like units of labor required to produce X). We are still struggling with the changes brought about by the industrial, social, and computing revolutions. This is currently being amplified by widespread anticipation that efficiencies will only increase due to AI and other advancements in the sciences.

Of course, these trends do not have immediate effect, but evolve gradually due to a process akin to natural selection where the fit overcome the lesser fit. The lesser fit in this scenario are those who are less able to adapt to these changes due to habits and/or beliefs that favor the status quo.

^^^^^
Generally true. Noting that the rate of technology advance is usually overestimated in the near term and underestimated in the long term.

Oh great using cnbc for your evidence, great

If you want to work, there are jobs galore out there. Just get off your ass and get to work. And like we all have done. Work your way up the ladder. In most cases your stupid degree does not entitle you to the most fantastic job right off the bat.

ORC

When is the last time you ever "applied for a job"?

ORC is not entirely wrong...

During my entire career, my position (compliance), was always a function of or a part of Human Resources and I was involved with and witnessed a lot of the hiring from executive level down to temps.

There are a lot of jobs out there that pay well, but don't pay what a college graduate is expecting or have a glamourous title they want. My last position, we could not hire enough people for jobs paying $22 - $30 an hour (starting wage) because they involved manual labor and required you to get dirty every now and again.

Hell, my first job out of college was manual labor, but it was related to my degree field, so I bucked up and worked for 2 years humping outside, rain and shine, on a drill rig pulling water and soil samples on dumps and Superfund sites. I think I started at $12 an hour, but was working 12-16 hours every day, so I was bringing in good money with OT. Don't get me wrong either... I never felt the work was "below me" and I knew there were people working a lot harder for less. I considered myself lucky only having to hump steel pipe while wearing a plastic suit and swimming in toxic sludge for only 2 years.

The jobs are there. Many young people I saw in the last 10 years were not willing to do work related to their degree unless it was in an air conditioned facility, working straight 8's, and getting every government holiday off with pay.

There were some, but they were the exception.

quote:

Originally posted by old rugged cross:
If you want to work, there are jobs galore out there. Just get off your ass and get to work. And like we all have done. Work your way up the ladder. In most cases your stupid degree does not entitle you to the most fantastic job right off the bat.

100%.

quote:

Originally posted by old rugged cross:
Oh great using cnbc for your evidence, great

If you want to work, there are jobs galore out there. Just get off your ass and get to work. And like we all have done. Work your way up the ladder. In most cases your stupid degree does not entitle you to the most fantastic job right off the bat.

I work in HR, recruiting, for a major F500 company. Part of my job is having a deep understanding of what the competition is doing, and what the job market is for candidates.
I’m not talking about degrees in underwater basket weaving and Asian literature; the job market for smart, capable STEM and the harder business degrees is abysmal.

I am hopeful this will change; but to say it isn’t difficult for our more qualified graduates would be ignoring reality.

https://www.forbes.com/sites/m...grads-at-5-year-low/

quote:

Originally posted by reloader-1:
the job market for smart, capable STEM and the harder business degrees is abysmal.

I am hopeful this will change; but to say it isn’t difficult for our more qualified graduates would be ignoring reality.

Job markets and the economy cycle, but the current jobs situation is weird. Low unemployment claims along with low hiring. Everyone has a guess as to the cause and what the future will bring. My guess is the economy is struggling due to the real effects of government debt and currency inflation, plus fears that a serious recession is imminent. Jobs numbers are a good leading indicator of what the economy will do in the near future.

Good employees aren't job hopping, at least what we see with our kids in their 30's and what they tell us about their fields. Oil/gas, finance, IT, defense tech, finance software development, and musical instrument manufacturing and retail. There is a definite undercurrent of anxiety about job security.

Trump has injected a lot of positive emotion about the economy. He probably kept us from falling off a cliff this year.

quote:

Job markets and the economy cycle, but the current jobs situation is weird. Low unemployment claims along with low hiring. Everyone has a guess as to the cause and what the future will bring. My guess is the economy is struggling due to the real effects of government debt and currency inflation, plus fears that a serious recession is imminent. Jobs numbers are a good leading indicator of what the economy will do in the near future.

Yep. People are hanging onto jobs if they can.

My wife has had a long career in healthcare (not clinical) which is particularly bad right now due to the many lingering effects of Obamacare. She's currently looking, but with 75+ applications submitted within the last two months, not a single bite.

Marjorie Greene has to struggle to get lower than this. Her TDS is off the charts.

quote:

Originally posted by chellim1:

quote:

Job markets and the economy cycle, but the current jobs situation is weird. Low unemployment claims along with low hiring. Everyone has a guess as to the cause and what the future will bring. My guess is the economy is struggling due to the real effects of government debt and currency inflation, plus fears that a serious recession is imminent. Jobs numbers are a good leading indicator of what the economy will do in the near future.

Yep. People are hanging onto jobs if they can.

My wife has had a long career in healthcare (not clinical) which is particularly bad right now due to the many lingering effects of Obamacare. She's currently looking, but with 75+ applications submitted within the last two months, not a single bite.

What are her salary expectations? When there's a glut of available candidates and only X number of openings than expecting anything above minimum wage is illogical.

quote:

Originally posted by oddball:
Marjorie Greene has to struggle to get lower than this. Her TDS is off the charts.

It would not surprise me to see her as a guest on the Candice Owens podcast soon.

https://www.theepochtimes.com/...SVoSHlIOx8YQdSnoI%3D

FBI Says Seized Oil Tanker Near Venezuela Was Supporting Terrorist Groups

Iran’s embassy in Caracas condemned the move as a ‘grave violation of international laws and norms.’

FBI Director Kash Patel confirmed that the bureau, the Department of Homeland Security (DHS), and other agencies were involved in the seizure of an oil tanker off the coast of Venezuela on Dec. 10, stating that it was connected to terrorist organizations.

“Today the FBI and our partners executed a seizure warrant for a crude oil tanker off the coast of Venezuela ... used to transport sanctioned oil from Venezuela and Iran,” Patel wrote in a post on X.
“The tanker has been used in recent years in an illicit shipping network supporting foreign terrorist organizations.”

Patel added that the White House will continue its “efforts to crush” foreign terrorist organizations and cut off their resources.

In response, the Venezuelan government issued a statement accusing the United States of “blatant theft” and described the seizure as “an act of international piracy.” It said it would denounce the incident before international bodies.
Amid a U.S. military buildup in the Caribbean Sea, Venezuelan President Nicolas Maduro has alleged that Washington is trying to overthrow his regime and gain control of the nation’s oil resources, which are among the world’s largest crude reserves.

Iran’s embassy in Caracas condemned the move as a “grave violation of international laws and norms” in a post on X on Thursday.
“We condemn this action that is contrary to all international principles and norms,” it said.

Earlier on Wednesday, President Donald Trump confirmed the United States seized an oil tanker off the Venezuelan coast. Administration officials did not name the vessel or disclose its location at the time of the seizure.

“We’ve just seized a tanker on the coast of Venezuela. A large tanker, very large,” Trump said in comments to reporters at the White House. “And other things are happening.”
Guyana’s maritime authority said on Wednesday that the supertanker “Skipper” carrying Venezuelan oil was falsely flying Guyana’s flag.

The authority, which was informed by the U.S. government of the tanker’s seizure, plans to take action against the unauthorized use of the country’s flag, it added.

“The Maritime Administration Department has observed the proliferation and unacceptable trend of the unauthorized use of the Guyana flag by vessels that are not registered in Guyana,” it said in a statement.

Over the past several weeks, the Trump administration has been carrying out military strikes on boats accused of smuggling drugs into the United States. The government has also declared the Cartel de los Soles as a foreign terrorist organization, accusing it of effectively being run by Maduro.

In a recent interview with Fox News, Secretary of State Marco Rubio said that the Venezuelan government is essentially being used as a “transshipment organization” for cocaine sourced in Colombia.
Speaking at the White House last week, Trump indicated that he could launch land strikes in Venezuela in the near future. He also warned that other countries involved in drug trafficking into the United States could face military action, too.

quote:

Iran’s embassy in Caracas condemned the move as a “grave violation of international laws and norms” in a post on X on Thursday.

It appears that X is now the world’s government news release site.

quote:

Originally posted by oddball:
Marjorie Greene has to struggle to get lower than this. Her TDS is off the charts.

Please, also post this in her thread, so it’s easier to search and doesn’t get buried in here. Very important for folks to see the true color of this lunatic. Went on the leftist outlets and apologized for having contributed to “toxic politics”, and now this.

^^^^
Done

And to those who think Trump hasn't done enough in his first year, chew on this.

https://x.com/EricLDaugh/statu...istration-day-326%2F