The most prestigious law school admissions discussion board in the world.
|
 |
 
|
ADP reports jobs blowout, 2.8% GDP growth, inflation down, market record highs
Poast new message in this thread
Date: October 30th, 2024 11:55 AM Author: heady avocado pervert Cons: “we can’t survive another four years of this!” (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48258638) |
 |
Date: October 31st, 2024 2:04 PM Author: lavender frisky rehab If inflation isn’t double digit negative, it’s not “down”. (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48263834) |
Date: October 30th, 2024 11:57 AM Author: Hyperactive big queen of the night jew 180. Clearly this is from the market expecting a Trump win so he should and will take credit. (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48258651) |
|
Date: October 30th, 2024 2:59 PM Author: electric pisswyrm (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259433) |
|
Date: October 31st, 2024 10:37 AM Author: Amber menage (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48262655) |
|
Date: October 30th, 2024 12:49 PM Author: heady avocado pervert (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48258851) |
|
Date: October 30th, 2024 12:50 PM Author: balding curious candlestick maker blood rage LJL (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48258855) |
|
Date: October 30th, 2024 2:34 PM Author: heady avocado pervert Cons HATE this (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259315) |
|
Date: October 30th, 2024 2:35 PM Author: Hyperactive big queen of the night jew They'll quietly downgrade the numbers in a month. Odd case. (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259320) |
|
Date: October 30th, 2024 2:38 PM Author: heady avocado pervert oh yes cons are MAD America is thriving
Because cons hate America. |
|
Date: October 30th, 2024 3:37 PM Author: Hyperactive big queen of the night jew Fuck me is this obeezy? (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259598) |
|
Date: October 30th, 2024 2:42 PM Author: Pearly aromatic hell It seems that the Republican house restraining the democrats money printer combined with Trumps tax cuts have really solved the extreme inflation of Biden’s first two years. Unclear why KAMALA wants to blow it all up (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259357) |
|
Date: October 30th, 2024 2:44 PM Author: heady avocado pervert Boy I sure miss the days of double digit unemployment and price increases from Donald’s spending blowouts! It’s good that Biden’s steady hand righted the ship.
At this point it would be crazy to go back to the guy who gave us market crashes and 10% unemployment and under whom inflation began. Let’s turn the page on Donald today and choose prosperity! πΊπΈ |
|
Date: October 30th, 2024 2:54 PM Author: Pearly aromatic hell Yes, imagine how much better things would be with the KAMALA plan instead π
Did you also spend like 3 year flapping your arms about running deficits during periods of strong economic growth π
Anyway seems like best scenario is Trump pres, gop senate, d house and trump rides off into a nice senile sunset in 2029 |
|
Date: October 30th, 2024 3:40 PM Author: heady avocado pervert All I know for sure is 2016-2020 was a dark and turbulent time for America.
Under steady Dem leadership 2021-present has been prosperous, safer, and much more stable.
Let’s not go back! |
|
Date: October 30th, 2024 11:18 PM Author: insane stage All you know is what the media tells you with its incessant alarmism and lying. That's the whole problem. (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48261416) |
|
Date: October 31st, 2024 10:46 AM Author: heady avocado pervert You’re the guy who went all cash when Biden took office because your thought masters told you Biden would crash the market? Right? (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48262711) |
|
Date: October 31st, 2024 2:01 PM Author: insane stage The SP 500 stagnated for two years after I did that, Beez (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48263812) |
|
Date: October 30th, 2024 2:46 PM Author: vibrant station coffee pot remember how Kamala and her Media were trying to FACT CHECK Trump that crime was down despite everyone seeing it is up with their own eyes...
and then the FBI quietly had to release figures showing it had been cooking the books and crime is up significantly?
and then the media never mentioned crime again?
that's the econ stats too. |
|
Date: October 30th, 2024 3:48 PM Author: Hyperactive big queen of the night jew (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259634) |
|
Date: October 31st, 2024 10:39 AM Author: Floppy shrine (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48262670) |
|
Date: October 30th, 2024 2:50 PM Author: violet up-to-no-good public bath Saw a black and hispanic dude discussing this report on the street corner today. Overheard one say it assuaged his concerns and he's not going to vote based on fear. (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259387) |
|
Date: October 30th, 2024 3:06 PM Author: titillating azure garrison (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259472) |
|
Date: October 31st, 2024 11:55 AM Author: Amber menage And it is HER turn! (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48263057) |
|
Date: October 30th, 2024 2:55 PM Author: Boyish maroon mad cow disease chips are tanking, im down 17k, SOXL is crashing cause AMD earnings shit (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259402) |
|
Date: October 30th, 2024 2:59 PM Author: electric pisswyrm (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259432) |
|
Date: October 30th, 2024 3:38 PM Author: violet up-to-no-good public bath The party told you to ignore the evidence of your eyes and ears... (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259602) |
|
Date: October 30th, 2024 3:39 PM Author: heady avocado pervert ….and the trumpmos said ‘yes, we will.’” (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259607) |
|
Date: October 30th, 2024 11:19 PM Author: insane stage NYT/Siena poll: 49 percent rate economic conditions as "poor" (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48261422) |
|
Date: October 30th, 2024 3:38 PM Author: heady avocado pervert (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259604) |
|
Date: October 30th, 2024 4:30 PM Author: heady avocado pervert (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48259820) |
|
Date: October 30th, 2024 11:14 PM Author: Gold stead immigrant Some stocks go up with inflation. For things like consumer staples, inflation allows companies cover to take overdue price increases and increases nominal earnings before accounting for inflation. Also, this inflation was due to huge amounts of stimulus that was given even to people who didn't need it (i.e., PPP loans)--many of whom invested it in tech stocks. There also was an inverted yield curve for a good part of this cycle, which I think caused some long-term investors to buy mag 7 stocks instead of long bonds. (If you are investing for 10 years from now, why not buy Amazon or MSFT instead of treasuries?) This is a weird cycle because we also have the secular trend of AI which is going to change things as much as the internet did. So while growth stocks usually go down when inflation is high (and when interest rates are likely to increase in the near future), it's not happening because people can't afford to miss out on the AI gold rush, and the fed has signaled an unwillingness to boost interest rates to levels that will kill tech investment (like 8-9%). People would rather buy now with multiples that are too high versus miss out on 20-30% increases driven by new technology and the probability the fed will cut interest rates further in the future.
Unemployment is low amongst unskilled or low skilled workers, but nearly all of those jobs have gone to migrants if you review the jobs data. There were big layoffs in tech and other white collar parts of the services economy.
The cost of shit people actually need like food, housing, and cars have skyrocketed. My grocery bill is about 50% higher than in 2021. And with interest rates above 5% and so many people with locked in at 2.6-3%, no one is listing homes for sale. My current apartment would cost me about 40% more if I were to buy it today, and an entry-level house in Greenwich that would have cost $1.25MM in 2016 with a 3.25% mortgage is now $1.8MM with a 6.5% mortgage ($7,200 per month vs $12,181). Here's a link: https://www.realtor.com/realestateandhomes-detail/26-Valleywood-Rd_Cos-Cob_CT_06807_M46507-93459 A 2019 4WD Chevy Suburban was $58K MSRP; a 2024 is $69K (20% more expensive).
So while things aren't terrible, a high stock market and low "unemployment" numbers don't tell the whole story for how most people are experiencing the economy. |
|
Date: October 30th, 2024 11:20 PM Author: hairraiser coldplay fan So are you telling me that goods and services are no longer 25 percent more expensive than where they were five years ago? (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48261426) |
|
Date: October 31st, 2024 10:38 AM Author: Amber menage They are, of course, but they aren't increasing as quickly as they have been. They're still increasing and in many cases it is way more than 25%. (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48262663) |
|
Date: October 31st, 2024 2:05 PM Author: lavender frisky rehab More like 30%-200% (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48263837) |
|
Date: October 31st, 2024 10:37 AM Author: heady avocado pervert (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48262653) |
|
Date: October 31st, 2024 10:40 AM Author: Floppy shrine Welp, if the industry's leading online HR platform said that (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48262679) |
|
Date: October 31st, 2024 3:39 PM Author: rusted marketing idea (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48264319) |
|
Date: October 31st, 2024 3:47 PM Author: heady avocado pervert (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48264365) |
|
Date: March 6th, 2025 11:21 AM Author: heady avocado pervert Miss these days (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48721244) |
|
Date: March 6th, 2025 11:22 AM Author: Motley native roast beef look on the bright side, at least TBF Is fucking broke (http://www.autoadmit.com/thread.php?thread_id=5621020&forum_id=2#48721248) |