According to Bloomberg, the Federal Reserve could see “up to a million” US jobs disappear in what might be the largest downward revision in 15 years.
Statisticians can do anything with numbers; the numbers for the past year might have been 100,000 fewer jobs each month.
Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payroll growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.
While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.
The jobs went to foreigners here illegally. Jobs created are mostly part-time and government jobs.
The great economy is anything but. Kamala Harris is running on it and plans to worsen it with communist price controls.
Always a pleasure joining @FoxFriendsFirst, this time discussing how economic conditions are impacting the current political environment, what will happen if we implement policies like price controls on food, and much more: pic.twitter.com/vZSIs98wZW
— E.J. Antoni, Ph.D. (@RealEJAntoni) August 20, 2024
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Why fear price controls?
FDR used Price Controls in WW-2 and they worked. Nobody said they were Communist then, I wonder Why? You cannot have corporate monopolies running everything and raising prices just to feed their greed; because you`ll all be paying 7-dollars for a dozen eggs and 500,000-dollars for old housing with rotten structure. This is the reality of todays economy: an economy that has totally forgotten people and treats them as work animals to be worked and abused for profit.
Now ,You can look at wall streets balance sheets and find exactly where inflation came from; because since it started wall streets profits (earnings growth) have been double digit. Dow Jones is at all time Highs! This could not happen if Monetary Inflation was to blame. So … Properly managed price controls and breaking up monopolies would work. The Environment has to be Fair or Capitalism becomes “Satanism:” Stealing from the Poor and Giving to the rich. Price controls are the only way; because corporate monopolies control the so called Free Market so it is their Market. Discipline is Required or you will have No Market.
As for governemnt; well government already controls everything. Healthcare is under total Government Dictate, Ask any Doctor. I cannot even go fishing without asking government for a permit and permission! So, I guess you all want government regulating everything to the benefit of corporations? They ( in most cases) do not pay taxes; but you do, why I have found that Corporations do not even Pay Property Tax. People … You need to rethink all the Propaganda and Lies you were told; because life is going to be too expensive for you to afford, soon.
Aww … Come on you one line wonders! If you all keep serving the Billionare class you
ll all be Homeless. Most of you cannot go a single day without working. Id say thats the definition of Slave, America, Really.Now, Price Controls are Price Disciplines and without them youre living in Satans Market of Steal from the Poor and Give to the Rich. You can all thank me in the afterlife for clearing the confusion for you. You
re not dealing with communism, socialism ... It is Called: Satanism. If you do nothing it will consume you to the Bone. Oh, and a Word to the WISE: " Do not have Children;" Because youll make them slaves of slaves.They rig elections, they rig job numbers, they rig everything
They are criminals.
Didn’t they figure out last month when that Haim rule (or whatever it is called) was triggered (and it is statistically based) that we’ve been in a recession for at least several months now?
You have to wonder.
Dems have been doing this for years. They lie about everything.