US ECONOMY News and Discussion Thread

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Re: US ECONOMY News and Discussion Thread

Postby Buc2 » Fri Jun 15, 2018 12:03 pm

uscbucsfan wrote:
Buc2 wrote:Yeah... I picked up on his reference to Trump. No one believed those numbers then either.

No, everyone made fun of him for making those up.

As they should have. It was bs then, it's bs now.
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Re: US ECONOMY News and Discussion Thread

Postby deltbucs » Fri Jun 15, 2018 12:15 pm

uscbucsfan wrote:
deltbucs wrote:Then you hear there's a 3.9 percent unemployment. It's really — if you add it up, it's probably 40 percent if you think about it.

I get it, now.

You can't just go quoting Trump without context. That's like walking into a bank and talking like mdb...

Touche btw

Thanks for ruining my Friday fun, ****! :buttmoon:
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Jun 15, 2018 6:19 pm

What the hell is this even more tariff talk?

The unions got to be loving Trump right now.
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Re: US ECONOMY News and Discussion Thread

Postby Commander Bubbles » Fri Jun 15, 2018 7:21 pm

Mountaineer Buc wrote:Shrinking middle class is not just a fancy talking point.

Only 27% of workers are earning between $25,000 and $50,000

That's about 34 million people.


Are you saying that the middle class makes $25,000 to $50,000 a year?
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Fri Jun 15, 2018 7:44 pm

Wharf Rat wrote:
Mountaineer Buc wrote:Shrinking middle class is not just a fancy talking point.

Only 27% of workers are earning between $25,000 and $50,000

That's about 34 million people.


Are you saying that the middle class makes $25,000 to $50,000 a year?

Depends on where you draw the line for middle class.

$35 to $75k? that's about 30% of the workforce.
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Jun 15, 2018 8:35 pm

The middle 50% of household income in the US is between 40K and 110K....with the median at 60K


So 25% of households make over 110, and 25% make under 40
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Fri Jun 15, 2018 10:14 pm

Zarniwoop wrote:The middle 50% of household income in the US is between 40K and 110K....with the median at 60K


So 25% of households make over 110, and 25% make under 40

Just want to point out that I've been using individual income numbers.
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Re: US ECONOMY News and Discussion Thread

Postby Commander Bubbles » Fri Jun 15, 2018 11:17 pm

Those numbers are shocking to me. I always considered myself to be middle class.
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Fri Jun 15, 2018 11:30 pm

Which numbers do you find surprising? The low end, the high end, the wide gap between?
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Re: US ECONOMY News and Discussion Thread

Postby deltbucs » Sat Jun 16, 2018 12:24 am

Zarniwoop wrote:Which numbers do you find surprising? The low end, the high end, the wide gap between?

Obviously that the median HOUSEHOLD income is 60k. I don't know how a family can live off of that.
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Re: US ECONOMY News and Discussion Thread

Postby The Outsider » Sat Jun 16, 2018 12:51 am

deltbucs wrote:
Zarniwoop wrote:Which numbers do you find surprising? The low end, the high end, the wide gap between?

Obviously that the median HOUSEHOLD income is 60k. I don't know how a family can live off of that.


Many households contain one person without kids., or even two people without kids.
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Re: US ECONOMY News and Discussion Thread

Postby Commander Bubbles » Sat Jun 16, 2018 2:57 am

deltbucs wrote:
Zarniwoop wrote:Which numbers do you find surprising? The low end, the high end, the wide gap between?

Obviously that the median HOUSEHOLD income is 60k. I don't know how a family can live off of that.


Agreed.

I thought the low, median, and high end would be a lot higher than that.
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Re: US ECONOMY News and Discussion Thread

Postby mdb1958 » Sun Jun 17, 2018 5:50 am

Wharf Rat wrote:Those numbers are shocking to me. I always considered myself to be middle class.



If a rich man spends all his money and a poor man saves his money - who is wealthier
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Re: US ECONOMY News and Discussion Thread

Postby PrimeMinister » Sun Jun 17, 2018 10:04 am

mdb1958 wrote:
Wharf Rat wrote:Those numbers are shocking to me. I always considered myself to be middle class.



If a rich man spends all his money and a poor man saves his money - who is wealthier


The economy
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Mon Jun 18, 2018 9:30 pm

Lower earners gain optimism


The gap in optimism between lower- and higher-income consumers is narrowing, with those in the bottom third registering an 11.4 point gain in confidence since February, The Wall Street Journal says. Citing the University of Michigan’s consumer-sentiment index, the Journal said that while optimism about their economic situation fell 7 points among those earning more than $75,000 in the same period, it’s risen 8 points for those earning less. Accounting for the increase, the Journal says, is a labor market so tight that unemployment among those without a high school diploma had reached a 25-year low of 6.6%.
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Tue Jun 19, 2018 7:25 pm

Starbucks to close 150 stores

Starbucks weakened sales expectations for the upcoming quarter and said it will close 150 underperforming company-operated stores in 2019, according to CNN Money. The coffee chain also said it would pull back on the number of stores it licenses and return about $25 million in cash to shareholders through buybacks and dividends, reports CNBC. Kevin Johnson, the company’s CEO, said they must move faster to address the preferences and needs of customers.

-------------------


Awesome... So is that just like 2 square miles in SF they closed down then?
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Re: US ECONOMY News and Discussion Thread

Postby DreadNaught » Tue Jun 19, 2018 7:41 pm

RedLeader wrote:Starbucks to close 150 stores

Starbucks weakened sales expectations for the upcoming quarter and said it will close 150 underperforming company-operated stores in 2019, according to CNN Money. The coffee chain also said it would pull back on the number of stores it licenses and return about $25 million in cash to shareholders through buybacks and dividends, reports CNBC. Kevin Johnson, the company’s CEO, said they must move faster to address the preferences and needs of customers.

-------------------


Awesome... So is that just like 2 square miles in SF they closed down then?


The CEO didn't leave because business was booming
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Tue Jun 19, 2018 8:27 pm

RedLeader wrote:Starbucks to close 150 stores

Starbucks weakened sales expectations for the upcoming quarter and said it will close 150 underperforming company-operated stores in 2019, according to CNN Money. The coffee chain also said it would pull back on the number of stores it licenses and return about $25 million in cash to shareholders through buybacks and dividends, reports CNBC. Kevin Johnson, the company’s CEO, said they must move faster to address the preferences and needs of customers.

-------------------


Awesome... So is that just like 2 square miles in SF they closed down then?



This is like the third time in the last 15 years they over-expanded then pulled back.
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Thu Jun 28, 2018 11:15 pm

RedLeader wrote:Projected % change in inflation rate over past year, as of Apr 2018 :

Japan 1.1%
Germany 1.6%
US 2.5%
Russia 2.8%
India 5%
Turkey 11.4%
Iran 12.1%
Argentina 22.7%
S Sudan 104.1%

Venezuela 13,860%



(IMF)






#socialismtakesanL



A minimum-wage worker in Venezuela could afford 5 cups of coffee each month — and nothing else...


Thanks to stunning inflation, it now takes 1 million bolivars to buy a cup of coffee in a Venezuelan cafe, Bloomberg reports. That's one-fifth of Venezuela's monthly minimum wage, and a 10,000-bill stack of Venezuela's most common bank note, the 100-bolivar bill.


http://theweek.com/speedreads/781952/mi ... thing-else



That's ****ing insane.
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Fri Jun 29, 2018 9:21 pm

Inflation is perking up

Consumer prices rose the most in six years in May as spending growth slowed. Commerce Department figures showed Friday that the Federal Reserve’s preferred price gauge jumped 2.3% from a year earlier, above the central bank’s inflation goal of 2%. “Policy makers have said they expect to keep raising interest rates gradually as inflation continues to perk up,” per Bloomberg.


More money. Less spending??


What gives?



This is very Un-American of us, people!
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Fri Jun 29, 2018 10:30 pm

RedLeader wrote:Inflation is perking up

Consumer prices rose the most in six years in May as spending growth slowed. Commerce Department figures showed Friday that the Federal Reserve’s preferred price gauge jumped 2.3% from a year earlier, above the central bank’s inflation goal of 2%. “Policy makers have said they expect to keep raising interest rates gradually as inflation continues to perk up,” per Bloomberg.


More money. Less spending??


What gives?



This is very Un-American of us, people!

They aren't passing the savings from the tax cuts on to consumers?



I'm shocked.
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Re: US ECONOMY News and Discussion Thread

Postby deltbucs » Fri Jun 29, 2018 11:58 pm

With increased income inequality comes decreased velocity of money.
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Re: US ECONOMY News and Discussion Thread

Postby Mountaineer Buc » Sat Jun 30, 2018 12:46 am

deltbucs wrote:With increased income inequality comes decreased velocity of money.

Absolutely correct. You cant have an economy where the top echelons hoard the majority of the wealth leaving the middle class an working class to take on debt.

Well, you could, but that's how we have cyclical recessions.
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Sat Jun 30, 2018 8:14 am

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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Sat Jun 30, 2018 11:01 am

It seems that Trump talked KSA into boosting oil production to relieve the stress from instability in Venezuela and Iran. Up to 2m barrels a day

Seems like good news.
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Fri Jul 06, 2018 10:01 am

The U.S. added 213,000 jobs in June, according to the Labor Department’s latest jobs report, better than the 195,000 predicted by economists.

The unemployment rate, which had been hovering at historic lows, rose slightly from 3.8% to 4% — the first increase in nearly a year.

Average hourly wages rose 2.7% year-over-year, just below the anticipated 2.8% gain.

“The rise in the jobless rate may ease any pressure on the Fed to raise interest rates at a faster pace,” notes Bloomberg.


Good stuff all around.
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Re: US ECONOMY News and Discussion Thread

Postby RedLeader » Fri Jul 06, 2018 10:12 am

Bloomberg: "Manufacturing added 36,000 to payrolls, the best month since December, including a 12,000 increase in the auto industry, the most since August".


Manufacturing is on a good pace...
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Sat Jul 07, 2018 10:45 pm

Minutes from the latest Fed meeting released, Thet are going to raise the interst rate again.
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Re: US ECONOMY News and Discussion Thread

Postby Buc2 » Sun Jul 08, 2018 12:41 pm

smfh
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Re: US ECONOMY News and Discussion Thread

Postby Zarniwoop » Sun Jul 08, 2018 1:19 pm

I have a different take on this then most, I have hated the Feds obsession with keeping interest rates near 0 over the last couple decades
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