GDP grew at a 6.9% pace to close out 2021, stronger than expected

[WW HEISENBERG]

Did I claim it was partisan. Nope just dumb. There are many jobs that were lost due to productivity and never recovered. And guess what, if those people were smart they found other, higher paying jobs.

Here’s a few.

Farmers
Typewriter manufacturers
Ditch diggers
Photo processors
Secretary pools
Phone operators
Coal miners
TV repairman

Shall I go on?

First of all moron, you did claim it was partisan


BSC911 said:
You cannot be serious. Labor productivity is bad? I guess you long for the days before computers and prefer we were still in an agrarian society.

The rest of your post is just right wing nonsense. I can tell you’ve never run a business. It figures Ghost liked your post.

Second of all moron I am aware of the evolution of jobs... my comment was

The sad truth is we have tens of millions of people here that are only suited for low skilled employment. which is a fact.

Lastly, the stupidest thing you did was to question my running a business. I run a trading desk and have for almost 20 years. I worked my way up from a trainee. We are among the most profitable desks in the firm. Ive run desks in 3 different countries you fking peasant. Apologize and maybe ill let you mow my lawn.

 

[fatman76]

I already said they seem too high, and would likely be revised down some next month, or February will just be significantly lower to catch up, at which point this board will jump on the lower February report. It's pointless to focus on each monthly report, we need to look at multi-month averages, which this report just raised significantly for the recent trend.

They are multiples of what was expected. And against the prediction of dozens of analysts.

I don't trust it. BLS has an agenda, the analysts don't.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[CFAGator]

Or it shows the business owners who lost everything in 2020 when something historic happened, are now having to re-enter the workforce, likely for the first time in decades.

So sad. But hey, their suffering was necessary to create all this amazing economic 'growth' we are enjoying now! Big picture!

I'm sure that's true for some. Many also started new businesses, and many left the workforce to start their own businesses:

New businesses soared to record highs in 2021​

America's entrepreneurial spirit remains strong during the pandemic. That's the takeaway from new numbers released by the U.S. Census Bureau on Wednesday, which found that a whopping 5.4 million new business applications were filed in 2021, surpassing the record set in 2020 of 4.4 million.

In 2019, the year before the coronavirus disrupted life as we knew it, there were 3.5 million new business applications.

 

[fatman76]

First of all moron, you did claim it was partisan


BSC911 said:
You cannot be serious. Labor productivity is bad? I guess you long for the days before computers and prefer we were still in an agrarian society.

The rest of your post is just right wing nonsense. I can tell you’ve never run a business. It figures Ghost liked your post.

Second of all moron I am aware of the evolution of jobs... my comment was

The sad truth is we have tens of millions of people here that are only suited for low skilled employment. which is a fact.

Lastly, the stupidest thing you did was to question my running a business. I run a trading desk and have for almost 20 years. I worked my way up from a trainee. We are among the most profitable desks in the firm. Ive run desks in 3 different countries you fking peasant. Apologize and maybe ill let you mow my lawn.

BSC never remembers what he said. It's unfair to throw things back in his face.

Each post is a reset button.

 

[fatman76]

I'm sure that's true for some. Many also started new businesses, and many left the workforce to start their own businesses:

New businesses soared to record highs in 2021​

America's entrepreneurial spirit remains strong during the pandemic. That's the takeaway from new numbers released by the U.S. Census Bureau on Wednesday, which found that a whopping 5.4 million new business applications were filed in 2021, surpassing the record set in 2020 of 4.4 million.

In 2019, the year before the coronavirus disrupted life as we knew it, there were 3.5 million new business applications.

It's estimated that 1/3rd of small businesses in the US closed during the pandemic. I think this is another example of just a "rebound", more than any indicator that the economy is roaring back.

 

[GhostOfMatchesMalone]

I'm sure that's true for some. Many also started new businesses, and many left the workforce to start their own businesses:

New businesses soared to record highs in 2021​

America's entrepreneurial spirit remains strong during the pandemic. That's the takeaway from new numbers released by the U.S. Census Bureau on Wednesday, which found that a whopping 5.4 million new business applications were filed in 2021, surpassing the record set in 2020 of 4.4 million.

In 2019, the year before the coronavirus disrupted life as we knew it, there were 3.5 million new business applications.

Almost sounds like something historic happened in 2020.

 

[fatman76]

Funny that you only question the positive news.

Very telling.

It has nothing to do with positive or negative. When the BLS is the opposite direction, by multiples, of a majority of analysts you don't it question at all?

 

[GhostOfMatchesMalone]

It's estimated that 1/3rd of small businesses in the US closed during the pandemic. I think this is another example of just a "rebound", more than any indicator that the economy is roaring back.

Shhhhh....never interrupt a dem in the middle of spreading propaganda.

Nothing happened in 2020, certainly nothing historic.

No businesses were lost, that's what makes all this new business 'growth' in 2021 so amazing!

What a time to be alive.

 

[BSC911]

First of all moron, you did claim it was partisan


BSC911 said:
You cannot be serious. Labor productivity is bad? I guess you long for the days before computers and prefer we were still in an agrarian society.

The rest of your post is just right wing nonsense. I can tell you’ve never run a business. It figures Ghost liked your post.

Second of all moron I am aware of the evolution of jobs... my comment was

The sad truth is we have tens of millions of people here that are only suited for low skilled employment. which is a fact.

Lastly, the stupidest thing you did was to question my running a business. I run a trading desk and have for almost 20 years. I worked my way up from a trainee. We are among the most profitable desks in the firm. Ive run desks in 3 different countries you fking peasant. Apologize and maybe ill let you mow my lawn.

I was referring to your subsequent comments.

Running a trading desk is much different that running a real business. Sorry. You’re just pushing numbers around, not actually selling a product. Are you the owner?

And of course low skilled jobs get replaced. That’s why retraining is necessary. But in this economy, there are plenty of jobs available. That is also a fact.

 

[BSC911]

It's estimated that 1/3rd of small businesses in the US closed during the pandemic. I think this is another example of just a "rebound", more than any indicator that the economy is roaring back.

That estimate sounds like BS. And how long did they close for. These businesses weren’t shut down during the entire 2020 year. How do you explain the millions of new businesses started in 2020.

 

[BSC911]

It has nothing to do with positive or negative. When the BLS is the opposite direction, by multiples, of a majority of analysts you don't it question at all?

Link to the majority of analysts. The BLS is the official word, although the preliminary numbers get revised. This is not unusual.

And yes, you focus entirely on the negative economic news. Be honest with yourself.

PS. Sorry about your bonus. No swimming pool for the kids this year.

 

[WW HEISENBERG]

I was referring to your subsequent comments.

Running a trading desk is much different that running a real business. Sorry. You’re just pushing numbers around, not actually selling a product. Are you the owner?

And of course low skilled jobs get replaced. That’s why retraining is necessary. But in this economy, there are plenty of jobs available. That is also a fact.

I've never run a business? I hire, fire, make and adhere to projections, budgets, adjust to all the new regulations. Keep working. The day you are lucky enough that your remuneration equals my expense account you can celebrate by moving out of your parents basement.

 

[BSC911]

I've never run a business? I hire, fire, make and adhere to projections, budgets, adjust to all the new regulations. Keep working. The day you are lucky enough that your remuneration equals my expense account you can celebrate by moving out of your parents basement.

Yeah, that’s not running a business. Sorry. You report to your bosses. People like me.

 

[CFAGator]

It's estimated that 1/3rd of small businesses in the US closed during the pandemic. I think this is another example of just a "rebound", more than any indicator that the economy is roaring back.

I agree with you. Ghost implied that labor force participation increased because all these business owners that lost their business in 2020, are now coming back to get jobs a year later instead of starting new businesses. There's nothing at all that points to that being the cause for the recent increase, though I agree it does contribute to the increase in new businesses being launched in 2020/2021. That is not what he was saying when using it as an excuse for the recent increase in labor force participation rate.

 

[WW HEISENBERG]

Yeah, that’s not running a business. Sorry. You report to your bosses. People like me.

lol.. You really are thick... The only thing I would ever report to you is that the hedges weren't trimmed properly. Or the pool isn't clear enough. Or fill it up with super, cash. Or bring more bread for the table.. Peasant or is it piss-ant

 

[Gator Fever]

Reminds me of the crazy differences in numbers when the govt would do their crazy adjustments during the big recession in 08 and afterwards. If you want to know what is really going on you look at the labor force participation with 18 - 55 year olds.

 

[BSC911]

Reminds me of the crazy differences in numbers when the govt would do their crazy adjustments during the big recession in 08 and afterwards. If you want to know what is really going on you look at the labor force participation with 18 - 55 year olds.

Agreed, but it needs to start at 25 if you want the real number. More people are going to college and staying longer.

 

[BSC911]

lol.. You really are thick... The only thing I would ever report to you is that the hedges weren't trimmed properly. Or the pool isn't clear enough. Or fill it up with super, cash. Or bring more bread for the table.. Peasant or is it piss-ant

You seem especially angry today. I suggest you take the rest of the day off. Have a drink. Smoke a cigar. You’ll feel better.

 

[WW HEISENBERG]

You seem especially angry today. I suggest you take the rest of the day off. Have a drink. Smoke a cigar. You’ll feel better.

all good thanks.. I shouldn't have taken the bait. A lion doesn't care what a wildebeest thinks.

 

[GhostOfMatchesMalone]

I've never run a business? I hire, fire, make and adhere to projections, budgets, adjust to all the new regulations. Keep working. The day you are lucky enough that your remuneration equals my expense account you can celebrate by moving out of your parents basement.

That's the biggest smackdown @BSC911 has gotten since Sarah From Accounts Receivable finally got a hold of him.

 

[BSC911]

That's the biggest smackdown @BSC911 has gotten since Sarah From Accounts Receivable finally got a hold of him.

Poor Ghost, Relegated to being a cheerleader after being exposed once again.

 

[Sunburnt Indian]

Added for emphasis. In fact, many statements can be only partially true.

(Good try on the pronoun).

Emphasis. True! Added emphasis. True!!! An absolute is never supported with a helping word.

 

[Uniformed_ReRe]

Emphasis. True! Added emphasis. True!!! An absolute is never supported with a helping word.

I believe Sunny is correct here. Logically, there is no such thing as partially true or very true. A thing is either true or false.

 

[GhostOfMatchesMalone]

I believe Sunny is correct here. Logically, there is no such thing as partially true or very true. A thing is either true or false.

Sunny outsmarts @BSC911 once again. Goodness.

 

[Sunburnt Indian]

I'm not good with English. I'm trying my hardest to learn the second, third and ninth most spoken languages. Our slowest may very well know more than I with the third. I believe it's safe for me to claim he's no match for me with the second and ninth.

 

[BSC911]

I'm not good with English. I'm trying my hardest to learn the second, third and ninth most spoken languages. Our slowest may very well know more than I with the third. I believe it's safe for me to claim he's no match for me with the second and ninth.

Well, that’s the roll (sp) you must play on here. When called out on your fake genius claims, defer to other languages.

You live in Texas. We don’t care about them there other fereign langwiges. We speak Merican

 

[BSC911]

I believe Sunny is correct here. Logically, there is no such thing as partially true or very true. A thing is either true or false.

True that.

 

[kalimgoodman]

You're 100% correct, I'm definitely wasting my time trying to provide the board with actual information. It's obvious only memes and regurgitated misinformation that confirm their political beliefs are wanted here.

Somethings won't matter. Any data that was used to show Trump was doing good, can't be used to show Biden is doing good. That's pretty much this board rules. Biden is awful and how awful he is, is all you can talk about. Zero honesty or objectivity allowed 😂.

 

[kalimgoodman]

You guys were constantly hyping GDP growth when Trump was president.

Yup. People stand for nothing around here.

 

[nail1988]

​

How can this be in Brandon’s roaring economy? 🤭🤔​

Poll: Americans Say There Has Never Been a Worse Time to Buy a House​

Poll: Americans Say There Has Never Been a Worse Time to Buy a House

Fannie Mae's survey found that the optimism of younger Americans declined in January. | Economy

www.breitbart.com

 

[NavigatorII]

Somethings won't matter. Any data that was used to show Trump was doing good, can't be used to show Biden is doing good. That's pretty much this board rules. Biden is awful and how awful he is, is all you can talk about. Zero honesty or objectivity allowed 😂.

Oh for fuks sake. What do you know about PPE loans that were basically giveaways to employers to keep employees on the payroll instead of unemployment? Talk about .Gov manipulation of unemployment numbers, with kudos to blue states with massive business shutdowns. All porkulus pushed by Botox Nan on the proletariats.

 

[kalimgoodman]

Oh for fuks sake. What do you know about PPE loans that were basically giveaways to employers to keep employees on the payroll instead of unemployment? Talk about .Gov manipulation of unemployment numbers, with kudos to blue states with massive business shutdowns. All porkulus pushed by Botox Nan on the proletariats.

So are you mad that people kept their jobs? Like what kind of selfish reply is this

 

[GhostOfMatchesMalone]

Oh for fuks sake. What do you know about PPE loans that were basically giveaways to employers to keep employees on the payroll instead of unemployment? Talk about .Gov manipulation of unemployment numbers, with kudos to blue states with massive business shutdowns. All porkulus pushed by Botox Nan on the proletariats.

He's still asleep.

 

[BSC911]

​

How can this be in Brandon’s roaring economy? 🤭🤔​

Poll: Americans Say There Has Never Been a Worse Time to Buy a House​

View embedded media

Poll: Americans Say There Has Never Been a Worse Time to Buy a House

Fannie Mae's survey found that the optimism of younger Americans declined in January. | Economy

www.breitbart.com

But the converse is that there’s never been a better time to sell a house.

You realize that a strong housing market is a sign of a strong economy, and visa versa. Or have you forgotten the Bush recession that got Obama elected?

 

[BSC911]

Oh for fuks sake. What do you know about PPE loans that were basically giveaways to employers to keep employees on the payroll instead of unemployment? Talk about .Gov manipulation of unemployment numbers, with kudos to blue states with massive business shutdowns. All porkulus pushed by Botox Nan on the proletariats.

Hahahaha. Well, obviously you don’t know much about them either as there’s no such thing as PPE loans. There were PPP loans which kept many businesses afloat when they would have had to declare bankruptcy.

Oh, btw, it was Trump that signed that legislation into place. Pelosi wasn’t the president, nor did she control the Senate.

 

[GhostOfMatchesMalone]

But the converse is that there’s never been a better time to sell a house.

Statements like this prove you've never run a lemonade stand, much less a real business.

When your customers say they don't want to buy your product, that means you can't sell it to them.

Good grief.

 

[kalimgoodman]

Hahahaha. Well, obviously you don’t know much about them either as there’s no such thing as PPE loans. There were PPP loans which kept many businesses afloat when they would have had to declare bankruptcy.

Oh, btw, it was Trump that signed that legislation into place. Pelosi wasn’t the president, nor did she control the Senate.

I'm also confused as to why they are still associating the lock down to blue states and Biden. It was Trump and all states. There have not been a lock down since March 2020 in any states.

 

[GhostOfMatchesMalone]

I'm also confused as to why they are still associating the lock down to blue states and Biden. It was Trump and all states. There have not been a lock down since March 2020 in any states.

Still snoring.

 

[Sunburnt Indian]

Most of us face Biden's inflationary tidal wave. We're not having much fun. I would kinda like a new house. Ho, ho, ho!

 

[Dr. Curmudgeon]

For those that can't get past the inflation argument. PCE inflation was just released for Dec, which showed a 4.9% gain in 2021. For those that don't know, PCE is the only inflation number that the Fed uses when determining policy, since it is a much better gauge of price increases on the actual things consumers spend on. CPI weights goods too heavily over services compared to actual consumer spending.

So actual inflation on what US consumers are actually spending their money on was 4.9% in 2021, just ahead of the 4.7% increase in wages in 2021.

When looking at the 2 year change since the pandemic began, we have PCE inflation up 6.3%, versus a 10% gain in wages.

The calm before the storm, Sir.