Americans are returning to the labor force at a quickening rate
theconversation.com
theconversation.com
Or maybe it is just the administration juicing the books so Brandon doesn't have to deal with another issue this month?
We have been told for a while now that the economy is red hot, and not to believe our lying eyes.
Sooner or later this outlier jobs report is going to be shown for what it is, nothing more than a desperate effort to keep the markets propped up for another few days.
The 10 year treasuries are spiking and if they hit 2.5% next week it wont matter what lies the Media, Admin and Fed try to tell, the charts will confirm the crash.
Hang on to your cash everyone, you are going to need it.
> Be kind. Don't be snarky. Have curious conversation; don't cross-examine. Please don't fulminate. Please don't sneer, including at the rest of the community.
> Eschew flamebait. Avoid unrelated controversies and generic tangents
> Please don't use Hacker News for political or ideological battle. It tramples curiosity.
> Please don't pick the most provocative thing in an article or post to complain about in the thread. Find something interesting to respond to instead.
I mean for goodness sakes the title of the article is "Americans are returning to the labor force at a quickening rate" and the author says "I believe the main culprit behind these conflicting results is a jump in the number of people rejoining the job market"....what ever, I was bringing a different and more realistic point of view, this was not just picking out one specific thing wrong with the story. The whole thing is depending on the last jobs reports as if it was gospel.
And besides what benefit are YOU bringing to the conversation? first you make some cryptic comment that was definitely "Snarky" and now you just quote the guidelines page like some kind of uppity Internet Karen trying to brow beat me? TBH I was confused by your comment but now I get it so no need to converse any more thanks.
But if I'm right, how about you take a step back and don't argue with everyone just because you disagree with their opinions? Fair?
"ALARM, ALARM the shit posting gets professional ALARM ALARM"
See you next week ;]
In fact it may not be a bad idea for you to also look over your comments again and consider the idea regardless of what happens this week. In the times we are about to be facing...a little restraint will probably go a long way. ;]
I noticed you mentioned being Bi-Polar in one of your past comments so I will extend some grace and just say:
Some of your comments are very hurtful and although it may give you a thrill and allow you to reach those desperately wanted highs by making such comments, think of the people you are stepping on in order to achieve that.??
Talk to you next Saturday.
So, as I am a good person I will concede that I was wrong, or at the least early in my prediction. It does seem that there will now be an emergency meeting of the Federal Reserve on Monday which most likely will result in a hike in the overnight rate[1].
I figure it is better to be a week early than a day late when it comes to the markets but as I said, I was wrong and am a big enough person to admit it.
So congratulations YXNjaGVyZWdlbgo you win, I hope you feel good about it, and I am sorry to have met you.
[1] https://www.federalreserve.gov/aboutthefed/boardmeetings/202...
Now it makes sense...you could have mentioned that was your problem to start with and I would have changed it, "Brandon" was a typo and not intended as a slur. I gave you the opportunity to explain but you chose to attack me rather than be civil, such a shame.
The fed and the market are both more forward looking then a few days.
I am aware that the market has priced in any potential rate hikes but seeing what is going on with the ECB makes me very nervous, not to mention what England just did and it appears there is going to be an inverted yield curve with US treasuries rearing up this week.
Normally I would would lay off any risk in precious metals or other commodities but with what I can only say is very strange action or worse market manipulation for such historical "risk off" places to put my money(Oil/Energy may have been an option last month but I fear the speculators have spoiled that now and the window of opportunity has closed), I am at a loss other than cash as to where to protect my interests.
I feel that cash or fiat is nothing more than a guaranteed loss with all the risk but there are no realistic options other than holding that at this time. A guaranteed loss of 9% is better than 25% or more especially considering the profits seen in the last few years..it almost seems like a tax on revenue TBH( Pay it to the government or the market it doesn't matter).
Some would say BTC might be the answer but I just don't see it. I have seen the correlation between BTC and the Nasdaq in the charts and truth be told I am currently betting against it with some BITI.TO but if and when it hits 6K or below the SP500 I will definitely reconsider.
I feel the only place an analytical person such as myself can find refuge is in extrapolating reason from the charts and history, and although that is considered nothing more than astrology for finance by some...I feel it is the best horse to bet on given these uncertain times of fear, FOMO and manipulation all at the same time.
All which has resulted from the US administrations of both Trump and Biden juicing the markets so much over the last few years. Too much financial cocaine IMHO!!! and the best thing to do when cocaine shows up at a party is hide your cash!!, especially when it is running low!!
Labor is king in a full employment environment. Invest in your own labor. If you are over invested in your labor, relax a little.
When you feel bored with safety, add some risk !
Also, look at the bright side. Work from home has unexpectedly boosted productivity and removed the dead weight of commute. Technological progress and globalization also March on fighting inflation. all else being equal bet on things you have conviction in.