Name:	MartiniMan -	Reply
Subject:	January jobs numbers
Date:	2/2/2022 6:29:58 PM

Instead of adding 225,000 new jobs they dropped by 301,000.  And all this with over 10M open jobs.  Seems to me that people no longer want or apparently need to work.  We knew this was gonna be bad because last week Baghdad Jen was telling us that the coming jobless numbers are a result of people being out sick due to Omicron.  Sorry Moron Jen, but that isn't how it works but it was interesting try to foreshadow this very bad news.  People calling in sick do not count as lost jobs.  Economic illteracy by the WH spox is not a good sign of competence or basic knowledge.....or alternatively she was gaslighting the public with bald-faced lies.  I defer to your judgement on this as either explanation is plausible.  This is called staglation.......all that is missing is 13% interest rates which apparently the Fed is going to try to make happen with their rate increases and printing less easy money.  2022 is going to be an economic nightmare for the U.S. which is really sad and a self inflicted wound by an incompetent, senile old fool being run by abject morons who have zero understanding of how the economy works.

I suspect we have already hit the milestone where Dementia Joe has already defined himself as the worst President in the last 100 years and is well on his way to worst ever.  But hey.....no mean tweets, right?

Name:	Talullahhound -	Reply
Subject:	January jobs numbers
Date:	2/2/2022 9:52:45 PM

I have to agree.  I watch the Financial News at some point every day and even the experts - CEOs of the big fiancial companies can't see to agree where to put money now or what is going to happen as a result of the Fed's actions.  Apparently Joe is going to put up a black woman for nominatin to the Fed and she has some wacko idea about cutting off funding to oil companies to save the planet.  

Everything is continuing to go up in price, people are quitting at a record pace and not going back to work  -- well, they claim to be staring their own companies - but you know that most businesses fail in the first year, unless you have a niche market.  

I'm sorry to say that I have stopped listening to anything the WH or his press secretary says.  I just can't stomach it.  

One good piece of news is that a democratic senator had a stroke, so they are in the hole for getting any of their stupid agenda through becuse they won't have his vote.

Name:	Lifer -	Reply
Subject:	January jobs numbers
Date:	2/3/2022 6:24:10 AM

Watch for them to try to get proxy votes allowed like they did in the house.

Name:	MartiniMan -	Reply
Subject:	January jobs numbers
Date:	2/3/2022 8:11:49 AM

The Fed is between a rock (inflation) and a hard place (easy money and interest rates).  Their usual arrow to combat inflation is to raise rates and reduce the flow of money into the economy.  The problem is that when interest rates go up on borrowed money, which is almost always a floating rate (i.e, LIBOR plus x%), the cost of that borrowing increases dramatically.  For government that means significantly more of their revenue goes to servicing their debt which they can only overcome with higher taxes which hurts their economy.  For businesses it likewise signifcantly increases their interest expense which they can only overcome by raising the price of their goods and services (which contributes to inflation) or let the extra cost hit their bottom line which will negatively impact their stock price which will hurt the hundreds of millions of Americans with 401k and IRAs that they need for retirement.

Frankly the only logial outcome of this madness is a recession and a reset to the economy.  A recession combined with inflation and high interest rates (stagflation) is the worst outcome of all and very much on the table with Jimmy Carter, Jr in the WH.  Things are going to get a whole lot worse before it gets really, really bad.  And for no reason other than the election of a senile, old fool that has always been wrong on pretty much everything......even when he had full use of his limited faculties.

Name:	lucky67 -	Reply
Subject:	January jobs numbers
Date:	2/3/2022 3:23:37 PM

hey but at least Hunter B is still faring fairly well money wise