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~Rocktar~
08-21-2024, 12:44 PM
So, over the last 12 months, the job reports have been overstated by 810,000.


https://youtu.be/cRAMJLKmbHs?si=7ZpOZg3Aeratdp7j
Suppa Hobbit Mage
08-21-2024, 12:56 PM
"It'll be a soft landing"
Methais
08-21-2024, 01:00 PM
In before Seran says this is actually a good thing because MSNBC said so.
Parkbandit
08-21-2024, 02:45 PM
It's almost as if they want to paint the rosiest picture of the economy....
kutter
08-21-2024, 05:25 PM
Most over reported job annual job creation in 15 years, anyone remember who was president in 2009 the last time it happened. It is almost like they are lying to us.
Parkbandit
08-21-2024, 06:19 PM
Most over reported job annual job creation in 15 years, anyone remember who was president in 2009 the last time it happened. It is almost like they are lying to us.

"Almost"...
ClydeR
08-21-2024, 07:23 PM
It's almost as if they want to paint the rosiest picture of the economy....

You seem to suspect that this revision reveals an effort in prior months to deceive you about the health of the economy at that time. If I were the suspicious type, which everybody knows I'm not, I might more reasonably think the prior numbers were correct and the revision is an attempt to deceive the Federal Reserve into an aggressive interest rate reduction, which would have a greater effect on the election.
~Rocktar~
08-21-2024, 07:34 PM
You seem to suspect that this revision reveals an effort in prior months to deceive you about the health of the economy at that time. If I were the suspicious type, which everybody knows I'm not, I might more reasonably think the prior numbers were correct and the revision is an attempt to deceive the Federal Reserve into an aggressive interest rate reduction, which would have a greater effect on the election.

HAHAHAHA you being reasonable.

And yes, it does indeed look like a concerted effort to deceive since the numbers for previous months and quarters were available months ago but not a peep.
ClydeR
08-24-2024, 08:57 PM
And awaaay we go!


Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming

More... (https://www.cnn.com/2024/08/23/investing/stocks-powell-jackson-hole/index.html)
Parkbandit
08-24-2024, 09:08 PM
And awaaay we go!

Fed wants Biden.. er I mean Kamala in office.

It shouldn't shock anyone that they would drop the rate right before election.

"SEE! THE ECONOMY IS ALL GUD NOW!"