Initial Jobless Claims Surge To 4 Month High, Philly Fed Plunges

Discussion in 'Political Opinions & Beliefs' started by sec, May 19, 2022.

  1. sec

    sec Well-Known Member

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    https://www.zerohedge.com/personal-...-claims-surge-4-month-high-philly-fed-plunges

    HYPERLINK has full article and graphs

    snip

    It appears the 'strongest labor market ever' is showing signs of stress as the number of Americans seeking first time jobless benefits surged to 218k last week - its highest since mid-January......

    So sentiment is slumping, financial conditions are tightening (at their tightest since Dec 2018's flip-flop), and now the jobs market is floundering.

    And The Fed has 10 more rate-hikes to go this year?!


    end snip

    I really am unsure as to whether this was deliberately done by the Democrat party or are they really that incompetent?

    In any event, Democrat votes caused this.

    In November, let's put gridlock into DC
     
  2. RodB

    RodB Well-Known Member Donor

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    Here! Here! Just the way the framers intended it.
     
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  3. cd8ed

    cd8ed Well-Known Member Past Donor

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    The framers were actually largely against a two party system as it is a race to the bottom.

    The revisionist history is fascinating
     
  4. ButterBalls

    ButterBalls Well-Known Member

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    They must have been describing DNC rule! And by God they were right!!!!
     
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  5. RodB

    RodB Well-Known Member Donor

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    I said nothing about political parties. The framers and founders did not like political parties (2, 3, 4, 5, et al) but knew they were, like the rain and the sun, inevitable. What I said was that they understood "gridlock" to be a worthy thing to make it harder for the government to do things, especially its natural tendency to do mischievous power grabbing things. That's why they created two separate houses of congress, gave the executive branch veto power, and gave the president no power or authority to make any law (ignoring for discussion that is a long lost relic), and explicitly listed the only things the federal government can do (also a long lost relic).
     
  6. Seth Bullock

    Seth Bullock Well-Known Member Past Donor

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    It makes sense. When wages can’t keep up with high inflation, people spend less. When people spend less, jobs disappear for lack of demand for goods and services.
     
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  7. Yulee

    Yulee Well-Known Member

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