Generational Dynamics World View News

[Guest]

I guess we will be back to 3% employment soon using government math.

Chinese government math.

They are running out of rich people to tax. Who is going to pay for all of this stimulus and welfare programs for the oppressed?

Get ready for civil asset forfeiture.

[Guest]

According to Yahoo Finance reporter , the May jobs report: US economy unexpectedly adds 2.5 million payrolls, unemployment rate falls to 13.3%. I guess we will be back to 3% employment soon using government math.

11 million apply for unemployment in May, yet we ADD 2.5 million jobs? Excuse me while I develop a hernia laughing. 2.5 million jobs are not new jobs. They are furloughed and laid off employees brought back as new hires.

What do you think of the state of the US economy, John? Most of the people around me are hurting...

Those jobs don't pay a living wage either.

[John]

** 05-Jun-2020 World View: Jobs report

> According to Yahoo Finance reporter , the May jobs report: US
> economy unexpectedly adds 2.5 million payrolls, unemployment rate
> falls to 13.3%. I guess we will be back to 3% employment soon
> using government math.

> 11 million apply for unemployment in May, yet we ADD 2.5 million
> jobs? Excuse me while I develop a hernia laughing. 2.5 million
> jobs are not new jobs. They are furloughed and laid off employees
> brought back as new hires.

> What do you think of the state of the US economy, John? Most of
> the people around me are hurting...

I'm not sure what your point is, since nobody claims that there
are 2.5 million new jobs. The whole point of the "paycheck protection
program" was to keep people solvent so that furloughed people can
come right back to work, and apparently it worked very well, much
to the surprise of many people.

As for the economy generally, the world is in a global deflationary
spiral, headed for a major financial crisis, the worst in history.
At the same time, the world is headed for WW III, and the US is headed
for war with China.

The talk about a new American civil war is nonsense.

[guest]

According to Yahoo Finance reporter , the May jobs report: US economy unexpectedly adds 2.5 million payrolls, unemployment rate falls to 13.3%. I guess we will be back to 3% employment soon using government math.

11 million apply for unemployment in May, yet we ADD 2.5 million jobs? Excuse me while I develop a hernia laughing. 2.5 million jobs are not new jobs. They are furloughed and laid off employees brought back as new hires.

What do you think of the state of the US economy, John? Most of the people around me are hurting...

Those jobs don't pay a living wage either.

The Trumpshow.

[Guest]

The cost of buying groceries is sky rocketing. How do people with large families afford food, health insurance, housing, and property taxes? Everything is going through the roof; however, the average worker's salary remains unchanged. Now, with layoffs and excessive debt, I can't see how this could possibly end well.

[Guest]

According to Yahoo Finance reporter , the May jobs report: US economy unexpectedly adds 2.5 million payrolls, unemployment rate falls to 13.3%. I guess we will be back to 3% employment soon using government math.

11 million apply for unemployment in May, yet we ADD 2.5 million jobs? Excuse me while I develop a hernia laughing. 2.5 million jobs are not new jobs. They are furloughed and laid off employees brought back as new hires.

What do you think of the state of the US economy, John? Most of the people around me are hurting...

Those jobs don't pay a living wage either.

The Trumpshow.

As if trump has anything to do with it, the president doesn't have anywhere near as much power as you imbeciles seem to think.

[Quiet American]

This has been the longest 6 months of my life.

[John]

> This has been the longest 6 months of my life.

I wish I could tell you that things will get better, but if I did,
then you would know I was lying.

[Guest]

I saw earlier this week they were reporting approximately 42 million unemployed and today the number is about 32 million. Crazy.

I went all in into stocks after the crash of 2008. I made out like a bandit. Now the usual suspects are trying to make it look like the economy is fine, to lure people into stocks. Well, now is the time that I pull the plug and go all in into gold.

The comments of some investor gurus reminds me of the euphoria people felt before the stock market went bust before the Great Depression. Unlimited QE is insane and will bite people in the ass.

[Guest]

The shipping industry is virtually non-existent in America due to Jones Act passed 100 years ago today.