>The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday. >Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers. However, establishments with fewer than 50 saw a decline of 120,000.>Education and health services led gainers with 33,000 hires, while leisure and hospitality added 13,000. But a broad-based decline across industries drove the total lower.>The biggest loss came in professional and business services, which saw a decline of 26,000. Others shedding jobs included information services (-20,000), manufacturing (-18,000), and financial activities and construction, both of which saw losses of 9,000.
>>61433419(((unexpectedly)))
we need AI to keep zoomers unemployed just a little longer and things will get good
>actual economical news>barely any responses
>>61433601This board is just cryptobaggies shilling their coin has been for a long time now
>please dont sell nowfed meeting 12/10BOJ meeting 12/19you want to have 90%-100% cash by then(or short etfs, futures, options if you like gambling)
>>61433419>Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers. However, establishments with fewer than 50 saw a decline of 120,000.That's terror.
best economy in the history of the world
>>61433667The large employer doing most of the hiring are also government related like healthcare which has been the only sector to have constant jobs growth over the last year the jobs data is really bad and getting worse
>>61433667that's a credit crunch, a natural one, not a top down one. Banks are afraid, pure panic, they know the risk is on its way toward infinity.The only ones that get some credit for payrolls and expenses are those companies where the bank knows that 20% after a chapter 10 is going to yield them maybe a 10% of the loans back.And the bigger fish know as well that risk is going toward infinity; they try to stay afloat eating smaller fish; but the problem is that the pond is drying out, and once all the smaller fish are dead, the big ones die too.
>manufacturing (-18,000)tariffs doing their job >>61433667big business guy in charge helping richer big businesses while punishing the small businesses. no surprise here.reminder it's the holiday shopping season, which is supposed to mean more hirings, not less.>>61433702this is true. healthcare is always essential.>>61433707this is also true. there's a flood, and the people at the bottom always drown first before it reaches the people above.
>>61433419no problem
>>61433734The increase in healthcare related jobs is just because of boomers ageing
>>61433635Dear god I hope you're right.Let me tell you about how much of a retard I am as perma-bear who has given up and is now just building my pile of CHF because fuck beta.In August one day I was bored and bugged out so I bought:- SPXU (-3xSP500) - PLTD (-1xPLTR)- UVXY Dec 19th $25 calls Last week I could have sold the first two and broken even. Today they are at -22% and -12% unrealised losses respectively for a total of about -250USD. The UVXY calls are worthless so ~300USD loss.Meanwhile, the other parts of my portfolio which are all pretty low-beta are chugging along at a pace I'm happy with. The fucking boomer investment advisors who all say don't touch options or leveraged funds were right. I could be +100USD right now instead of -600USD. To add insult to injury, I don't even care about this amount of money, it's just the fact I'm seeing red numbers because I was a retard. Plus the Fed/white house are going to cut like assholes for the next year because they couldn't imagine seeing a healthy market cycle so I will eat currency losses the longer I hold.
>>61433734>tariffs doing their jobI don’t get this logic, especially since plenty of companies are setting up shop here now going forward like Apple. If tariffs were bad then all the countries that have tariffs on us like Germany, Canada, China, etc. would have never put them on us in the first place and some of those tariffs have been in effect for over half a century now. Unless the argument is that those countries are actually trying to tank their economies to help us which is retarded.
>>61433782>the Fed/white house are going to cut like assholes for the next yearyes they will, they have no other tools and yes there is going to be a rebound after the correction; the big big question is, is it going to be a short term V shaped rebound or a fart in the wind rebound; looking at the short, mid and long term maturity walls as the carry trade going belly up I bet fart in the wind. in any case, your instinct is right; dont abandon your trade, you are going to make out like a bandit.
>>61433782> posting paragraphs because he's $600 downBro go do half a day of work
>>61433889>4h work>600 dollarwhere do you live?that's 150 dollar an hour. Not even an attorney after taxes makes that much - are you by chance a gigolo or a prostitute?
>>61433889Completely missed the point, it's the psychology not the money - 6 like hours at my TC and working days.>>61433873The vol decay on SPXU might fuck me before all that happens though. Don't think I can be bothered carrying an albatross around my neck for another 6 months for the chance of netting a couple hundred. On the other hand I'll eat losses on PLTD if it applies negative pressure to their price via swaps, let's call it ESG investing.
>>61433734>healthcare is always essentialand doesn't produce anything--it's a fucking service industry. it's not going to fix any failing economies.
>>61433419I voted for this
>>61433419holy cow the prophecy...
>>61433678It's wild to me how this has almost a 1:1 peg with inflation until Q2 2025, but now somehow inflation is increasing despite jobs being more scarce and pay not increasing hardly at all.
right now nigga
>>61433798Tariffs are a long term solution to a problem that people only seem to want to address in the short term. Tariffs are good for the US 10-15 years from now, but they gut quarterly reports and dividend payments now.
>>61433798Have you actually seen the foreign tariffs? They're small and targeted. The US tariffs are a sledgehammer against the broad economy of physical goods. The US is also tariffing the inputs for manufacturers, so it's not even a net positive for a lot of local manufacturers.
>>61434371Actually the opposite, tariffs are bad for manufacturers long term because it makes them less competitive since they are isolated from international competitive pressure. Ironically one of the best examples is imperial China, they got destroyed by the west because they were self sufficient and had an isolationist policy.
>>61434371 see >>61434374Tariffs work to grow viable domestic industry. Trump destroyed trust in trade with the US for a VAT that would at most 2% by his own most optimistic estimates. Most likely in the long-term pursuit of devaluing the dollar, excused as "lowering the deficit".The only way for the US not to default at this point is a) inflate its self out of the deficit and probably kill the USD as the global currency b) stop paying full coupons on treasuries and make them worthless, killing the USD as the global currencyTrump is able to kick that can down the road.
>>61433535This, the more people lose their jobs, the better the economy is gonna be.AInomics
up we goclown world
>>61434374Every tariff is targeted, it’s not like he’s making these decisions on his own. He has a whole team of economics experts figuring out all the details in the background. Same reason the last 4 administrations put out their own tariffs. Hell Biden’s were even harsher than Trump’s in the first term but nobody complained about it because when you have a (D) next to your name you can get away with anything you want, even if you were against it a year prior.
>>61433419Remember everyone saying the same last year? This year? But oh no for sure NEXT year is the year.
>>61434477>He has a whole team of economics expertsbruahaha
>>61434374>>61434410Also why are people in the markets complaining about them now after 8 years, while simultaneously ignoring people saying they need them to stay in business? Free market capitalism is a fucking sham, it doesn’t exist. As Sam Hyde said, we cannot compete with slave labor nor should we try. People have no choice but to trade with us regardless.https://www.cbsnews.com/amp/miami/news/florida-keys-fishermen-seek-tariffs-as-costs-rise-and-prices-fall/
>>61434494Europe doesnt have slave labour
>>61434516there are billions of niggers and muslims at the door of the EU borders bro
>>61434516They have 10x more regulation, and that inflates the price of an imported American good by an order of magnitude. They can afford this regulation because they can afford to be inefficient, and that is due to their not needing to spend their own money on defense. We spend that money on their defense. Same goes for their massive welfare states. America built up these colonial outposts in Europe and Asia through a policy of what I see as reverse mercantilism. We gave them fat stacks of cash in the Marshall Plan to rebuild and not immediately trigger ww3 like a bunch of blithering idiots. We then began giving them large sectors of our economy to keep them on our good side, and we did this by removing trade barriers while allowing them to keep theirs up. We can no longer afford to maintain this policy. Maintaining this policy will completely hollow out the country, and when you hollow out the country you get a country that is incapable of defending itself. When you gut your industrial base, you lose the ability to build things that require that industrial base. Weapons of war require that industrial base. America's hegemony rests upon its ability to swing its dick around, and our economic policy is getting to the point that, if we maintain pre-trump policy, we might not even be able to get said swinging dick hard anymore after 2035 or 2040. The quarterly reports take a backseat to this.
>>61433798>companies are setting up shop here now going forward like Apple...
>>61433873There won't even be something to recover because there won't be a downturn in the first place.
>>61434477Lmaoooooo
>>61434394If nobody used tariffs and everyone had equal pollution or safety requirements your statement might not be retarded
>>61434549lolthe US has literally 50 million niggers
>>61434593what a rambling mess of horseshit
>>61434651Make a point. The best argument against my point is that our financial system can't handle not obsessing over the quarterly reports, and doing anything else will trigger global depression.
>>61434593what the fuck are you talking about.The one industrial base that the US maintains is arms manufacturing.The US spent the latter half of of the 20th century subsidising defence for western democracies because of the cold war which was a partly self-inflicted paranoia. After the fall of the wall it was just the inertia of the military industrial complex, controlling oil, and chasing ghosts in the war on terror. Please explain what large sectors of the US economy were gifted to Europe during the Marshall plan. O wait, the Europeans bought whatever they could from the US as it had a more advanced manufacturing base.The simply fact is that the US gave its manufacturing base to Japan, Mexico and China because because it was a way to grow gdp in the short term by shifting to finance and tech.Every modern developed nation tied their own noose, US included. Stop scapegoating like a retard.
>>61434690>The one industrial base that the US maintains is arms manufacturing.>arms manufacturingArms prototyping and selling extended warranties or service plans. Don't confuse giving arms manufacturers money with having an ability to manufacture mass amounts of arms
>>61434679youre malfunctioning bot throwing stupid shit around
>>61434690>The one industrial base that the US maintains is arms manufacturing.For now, I suppose. Prior to Trump throwing a wrench in the gears, the American economy had begun to reach a point in which the future generations of the skilled workers who maintain the defense manufacturing industry weren't being created. Sort of like what AI is doing to white collar work now. Shortsighted idiots chasing dividends and bonuses are kneecapping the future of their workforce for a quick buck. At least with the advent of AI we can pretend we won't need white collar workers at all in the future to make ourselves feel better. We will always need the defense industry.>Please explain what large sectors of the US economy were gifted to Europe during the Marshall plan. O wait, the Europeans bought whatever they could from the US as it had a more advanced manufacturing base.I said we gave the eurotards fat stacks of cash, not industry. We took their industry after bombing their assholes open, and then we gave some back in the form of a "don't start ww3 pls" stimmy check.>The simply fact is that the US gave its manufacturing base to Japan, Mexico and China because because it was a way to grow gdp in the short term by shifting to finance and tech.I say we did it for multiple reasons. The quarterly reports were tasty, but the alliances forged along the way were the real goal.>Every modern developed nation tied their own noose, US included. Stop scapegoating like a retard.I'm not saying we didn't. I'm saying we need to get the fuck out of our noose before the floor gives out, because we won't have a kindred hegemony to coddle us like infants like we did the UK after their hegemony waned.>>61434844sneed
>>61434469I believe thix
>>61434855off yourself, you worthless american trash
>>61434867The tariffs will continue until national security improves.
>>61434883the reason you have to tariff europe is because you cant competebecause youre a mexican shitholeeverything else is a stupid cope
>>61434897The reason we have to tariff Europe is because you are all lumped into one economic zone, and within that economic zone lies multiple regions with costs of living far below that of the rural United States. Companies will build shit in those poor areas and ship them to the US. Everyone gets a tariff because everyone's playing the game. This is what globalism has done.
>>61434940>regions with costs of living far below that of the rural United Statesbold claim, inbred trash
>>61434952and now we come back to the regulatory standards making American exports 10x more expensive
>>61434477checked and kekked
>>61433635They'll use the Epstein disclosure slated for 12/19 to hide the stinky.
>>61434410>Trust in the trade with us No trust needed. The entire turd world has no other market to dump there shit to get dollars. The US doesn't need the trust of producing sweatshops.You stupid marxists never understood the power relationship between producer and consumer territories. The former has non
>>61434867Stay mad, client state bootlicker.
>>61434855>because we won't have a kindred hegemony to coddle us like infants like we did the UK after their hegemony wanedNever thought of it that way. Bleak
>>61437844Its pointless to argue with obvious p2p advertisers. And this board is 99% p2p advertising. The informational value outside counter trading the advertising narrative is 0
>>61434410c) tax the ultra rich and corporations what they are due, and implement a land tax
>>61437915>and tax people for owning property :>)This is why I’ll laugh when I see you die in the gulags
>>61437967this is why I'll laugh when the .1% are swinging from lamp posts
>>61437915>finally buy some land and fuck off from society>government drains all your savings and eventually seizes your land because you aren't being a good little economic unit
>>61433535This but unironically. Keep them unemployed. We’re better off without them anyways
Wait a minute. Are you telling me that 2 decades of pumping with low rates can have consequences? That’s not possible…
>>61433601at least OP didn't cop a ban
>>61433782dont think of it as boomer advice. think of it as mathematical advice. the type of thing youre trying to do is mathematical and statistical (trading). but you approach it from a human bias perspective (i think it will go down because x). trading = 'I can take x losses in a row and still make a profit with y backtested system.'
