Bump when these numbers move

as predicted, Sears files for bankruptcy..

NEW YORK -- Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses. Sears once dominated the American retail landscape. But the big question is whether its shrunken version can be viable or will be forced to go out of business, ending the final chapter for an iconic name that originated more than a century ago.

Sears filed in U.S. Bankruptcy Court in White Plains, N.Y.

Sears says it will "close 142 unprofitable stores near the end of the year. Liquidation sales at these stores are expected to begin shortly. This is in addition to the previously announced closure of 46 unprofitable stores that is expected to be completed by November 2018."

Caution: Mainstream Media Link

bump.

It's weird that the president has stopped taking credit for the market.

U.S. Stocks Fall Sharply as Markets Extend Rocky Stretch

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Rocinante wrote:It's weird that the president has stopped taking credit for the market.

U.S. Stocks Fall Sharply as Markets Extend Rocky Stretch

[tw]1055187388253773824[/tw]

bump.

#MAGA

number of MAGA-inspired terror attacks on America last week: 3

(if you include all of the MAGA bomber guy as just one).

Bump.

Number of points the Dow dropped today:

245.

Bump.

My 401k is down about $7k on the last few weeks. And people get upset with me blowing $2000 at a casino, every other year...

InTenSity wrote:My 401k is down about $7k on the last few weeks. And people get upset with me blowing $2000 at a casino, every other year...

I'm not one of those people....

InTenSity wrote:My 401k is down about $7k on the last few weeks. And people get upset with me blowing $2000 at a casino, every other year...

my wife says her 401K has lost tens of thousands in the last month or so.

Robert J Sakimano wrote:

InTenSity wrote:My 401k is down about $7k on the last few weeks. And people get upset with me blowing $2000 at a casino, every other year...

my wife says her 401K has lost tens of thousands in the last month or so.

Bout 37k. Well fuck.

Robert J Sakimano wrote:

InTenSity wrote:My 401k is down about $7k on the last few weeks. And people get upset with me blowing $2000 at a casino, every other year...

my wife says her 401K has lost tens of thousands in the last month or so.

Just tell her your weekend can collecting is going very well.

DWags wrote:

Robert J Sakimano wrote: my wife says her 401K has lost tens of thousands in the last month or so.

Bout 37k. Well fuck.

yep. Sounds about right.

She has a propensity to overstate things for the sake of the dramatic, but not this time.

Yep, those damned fools didn't know how to vote for their own interests.   Too bad they didn't listen to their betters.

I'm surprised none of you wanted to post this good news. (not)
====

Payrolls smash estimates with gain of 250,000, wage gains pass 3% for first time since recession

Nonfarm payrolls increased by 250,000 for October, well ahead of Refinitiv estimates of 190,000.

Average hourly earnings increased by 5 cents an hour for the month and 83 cents year-over-year, representing a 3.1 percent gain, the best pace since 2009.

The unemployment rate stayed at 3.7 percent, the lowest since December 1969.

But the bigger story may be wage growth, which has been the missing piece of the economic recovery. Average hourly earnings increased by 5 cents an hour for the month and 83 cents year over year, representing a 3.1 percent gain. The annual increase in wages was the best since 2009.

LooseGoose wrote:Yep, those damned fools didn't know how to vote for their own interests.   Too bad they didn't listen to their betters.

I'm surprised none of you wanted to post this good news. (not)
====

Payrolls smash estimates with gain of 250,000, wage gains pass 3% for first time since recession

Nonfarm payrolls increased by 250,000 for October, well ahead of Refinitiv estimates of 190,000.

Average hourly earnings increased by 5 cents an hour for the month and 83 cents year-over-year, representing a 3.1 percent gain, the best pace since 2009.

The unemployment rate stayed at 3.7 percent, the lowest since December 1969.

But the bigger story may be wage growth, which has been the missing piece of the economic recovery. Average hourly earnings increased by 5 cents an hour for the month and 83 cents year over year, representing a 3.1 percent gain. The annual increase in wages was the best since 2009.

LOL, It's certainly not bad news, but with inflation all you have to do is ask those people how much more they're buying this year than last year, or their earning power. I'd rather that it goes up like this, but as with the 12 month comparison, I think there was a bit of a drop in August of 2017. Whatever, peopel know what they can buy now, and what they could buy last year. From Cars to Houses and where those houses are. GM, while posting great quarter gains is laying off a ton of engineers.

What if you mix in the inflation? Then that 3% wage growth doesn't mean much.

and the good news for average Americans continues to pour in....unlike the disasters dreamed about here.

'Colossal collapse' in gas prices expected heading into midterm elections

Gas prices are expected to plunge sharply in the final days leading up to the midterm elections, potentially nearing $2 per gallon at some stations in low-tax states.

The sudden respite at the pump comes from sharply lower oil prices and declining wholesale gasoline prices.

Oil Price Information Service analyst Tom Kloza said it could amount to a "colossal collapse" in prices for consumers: from a $2.78 national average on Friday to as low as $2.50 by Tuesday.

"There’s the possibility you could see some prices flirt with $2 a gallon in the next 10 days or so in some of the low-tax areas," Kloza said. "For now it's going to be a great break."

I used my Kroger points and paid 2.02 a couple of days ago. I was also on empty, so I got 25 gallons at that price.

LooseGoose wrote:and the good news for average Americans continues to pour in....unlike the disasters dreamed about here.

'Colossal collapse' in gas prices expected heading into midterm elections

Gas prices are expected to plunge sharply in the final days leading up to the midterm elections, potentially nearing $2 per gallon at some stations in low-tax states.

The sudden respite at the pump comes from sharply lower oil prices and declining wholesale gasoline prices.

Oil Price Information Service analyst Tom Kloza said it could amount to a "colossal collapse" in prices for consumers: from a $2.78 national average on Friday to as low as $2.50 by Tuesday.

"There’s the possibility you could see some prices flirt with $2 a gallon in the next 10 days or so in some of the low-tax areas," Kloza said. "For now it's going to be a great break."

thanks for the mainstream media link.

LooseGoose wrote:Yep, those damned fools didn't know how to vote for their own interests.   Too bad they didn't listen to their betters.

I'm surprised none of you wanted to post this good news. (not)
====

Payrolls smash estimates with gain of 250,000, wage gains pass 3% for first time since recession

Nonfarm payrolls increased by 250,000 for October, well ahead of Refinitiv estimates of 190,000.

Average hourly earnings increased by 5 cents an hour for the month and 83 cents year-over-year, representing a 3.1 percent gain, the best pace since 2009.

The unemployment rate stayed at 3.7 percent, the lowest since December 1969.

But the bigger story may be wage growth, which has been the missing piece of the economic recovery. Average hourly earnings increased by 5 cents an hour for the month and 83 cents year over year, representing a 3.1 percent gain. The annual increase in wages was the best since 2009.

thanks for the mainstream media link.

LooseGoose wrote:and the good news for average Americans continues to pour in....unlike the disasters dreamed about here.

'Colossal collapse' in gas prices expected heading into midterm elections

Gas prices are expected to plunge sharply in the final days leading up to the midterm elections, potentially nearing $2 per gallon at some stations in low-tax states.

The sudden respite at the pump comes from sharply lower oil prices and declining wholesale gasoline prices.

Oil Price Information Service analyst Tom Kloza said it could amount to a "colossal collapse" in prices for consumers: from a $2.78 national average on Friday to as low as $2.50 by Tuesday.

"There’s the possibility you could see some prices flirt with $2 a gallon in the next 10 days or so in some of the low-tax areas," Kloza said. "For now it's going to be a great break."

Yes, I give credit to the Trump administration for mostly continuing the momentum that the Obama administration, which pulled the US out of the largest financial crisis since the Great Depression, started. Although the Trump Admin sure is trying to endanger it with their throw-everything-at-the-wall economic policy.

Hree are some great charts about or economic and job gains.

I guess they might throw the bums out.....and it's been amusing to see Obama claim credit for the great economy as Schumer and Perez knock it.   I'm certain Obama would have been out front taking blame had the economy been in the tank 2 years after the election.

With the highest personal satisfaction of their financial situation in the history of this poll (20+ years) the voters are going to "blue wave" the Dems back?   It'll be interesting to see them all vote against their personal interests....right guys?

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LooseGoose wrote:I guess they might throw the bums out.....and it's been amusing to see Obama claim credit for the great economy as Schumer and Perez knock it.   I'm certain Obama would have been out front taking blame had the economy been in the tank 2 years after the election.

With the highest personal satisfaction of their financial situation in the history of this poll (20+ years) the voters are going to "blue wave" the Dems back?   It'll be interesting to see them all vote against their personal interests....right guys?

[tw]1059132090200047617[/tw]

thanks for the mainstream media tweet citing a mainstream media poll.

LooseGoose wrote:I guess they might throw the bums out.....and it's been amusing to see Obama claim credit for the great economy as Schumer and Perez knock it.   I'm certain Obama would have been out front taking blame had the economy been in the tank 2 years after the election.

With the highest personal satisfaction of their financial situation in the history of this poll (20+ years) the voters are going to "blue wave" the Dems back?   It'll be interesting to see them all vote against their personal interests....right guys?

[tw]1059132090200047617[/tw]

I think it's interesting that in the great economic climate we live in. The one thing every president would take as a no brainier to make the focal point of mid term elections.....

This one chooses to stoke a global border crisis and inevitable invasion that will require shooting 900 starving people. It's as if he's... I don't know... pandering to a specific demographic....

kingstonlake wrote:

LooseGoose wrote:I guess they might throw the bums out.....and it's been amusing to see Obama claim credit for the great economy as Schumer and Perez knock it.   I'm certain Obama would have been out front taking blame had the economy been in the tank 2 years after the election.

With the highest personal satisfaction of their financial situation in the history of this poll (20+ years) the voters are going to "blue wave" the Dems back?   It'll be interesting to see them all vote against their personal interests....right guys?

[tw]1059132090200047617[/tw]

I think it's interesting that in the great economic climate we live in. The one thing every president would take as a no brainier to make the focal point of mid term elections.....

This one chooses to stoke a global border crisis and inevitable invasion that will require shooting 900 starving people. It's as if he's... I don't know... pandering to a specific demographic....

This is still totally Obama’s economy. See my charts. Trump inherited this. He’s only raised the deficit and cut taxes for the top five percent.

His actual color today.

DWags wrote:

kingstonlake wrote:

I think it's interesting that in the great economic climate we live in. The one thing every president would take as a no brainier to make the focal point of mid term elections.....

This one chooses to stoke a global border crisis and inevitable invasion that will require shooting 900 starving people. It's as if he's... I don't know... pandering to a specific demographic....

This is still totally Obama’s economy. See my charts. Trump inherited this. He’s only raised the deficit and cut taxes for the top five percent.

I guess my point is his demographic of deplorables are dumb enough to believe it's his economy but smart enough to know they probably haven't seen any effect to their bottom line on the upper class getting the brunt of the tax break. Pretty sure they haven't seen any gain from the corporate tax cut Bonanza either. So ya know....go with ole reliable.

The 'conomy is about to crash. I'm sure they'll blame mid terms or something. And the left will blame Orange Douche. But it's gonna happen.

They should blame the tax cuts when it crashes.

kingstonlake wrote:

DWags wrote:

This is still totally Obama’s economy. See my charts. Trump inherited this. He’s only raised the deficit and cut taxes for the top five percent.

I guess my point is his demographic of deplorables are dumb enough to believe it's his economy but smart enough to know they probably haven't seen any effect to their bottom line on the upper class getting the brunt of the tax break. Pretty sure they haven't seen any gain from the corporate tax cut Bonanza either. So ya know....go with ole reliable.

it's always impressive when millionaires convince middle class people that the poor people are coming for their stuff.

Robert J Sakimano wrote:

kingstonlake wrote:

I guess my point is his demographic of deplorables are dumb enough to believe it's his economy but smart enough to know they probably haven't seen any effect to their bottom line on the upper class getting the brunt of the tax break. Pretty sure they haven't seen any gain from the corporate tax cut Bonanza either. So ya know....go with ole reliable.

it's always impressive when millionaires convince middle class people that the poor people are coming for their stuff.

It's very Christian of them. I saw a meme of Mary and Joe, Jesus parents. Two poor immigrants looking for asylum in a foreign country. The U.S.would rather kill them, then accept them.

InTenSity wrote:

Robert J Sakimano wrote: it's always impressive when millionaires convince middle class people that the poor people are coming for their stuff.

It's very Christian of them. I saw a meme of Mary and Joe, Jesus parents. Two poor immigrants looking for asylum in a foreign country. The U.S.would rather kill them, then accept them.

I wish there was a god so I could then rest easy knowing that the racist, bigoted christian predator and his supporters were going to hell.

Treasury showed what no president ever wants to admit: The deficit is spiking. The federal government’s red ink this year is already 21 percent above what it was in 2017, and there are few prospects that the bottom line will improve anytime soon.

Except with infrequent and unsubstantiated platitudes about how the situation is going to get better, the Trump White House and Republicans in Congress have been doing everything possible not to talk about the budget this year. To avoid tough questions and politically embarrassing votes, the House and Senate have even refused to consider a budget even though they are required by law to adopt one.

Trump's deficits are permanent
Unlike the trillion dollar budget deficits that occurred during the Obama administration that were temporary and largely the result of the Great Recession, the Trump deficits that will soon reach and exceed $1 trillion are permanent and will only get worse in the years ahead.

The Trump deficits are the result of changes in federal spending and revenue that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.

Not only has there been little appetite to do that, many in Congress and the Trump administration seem to be hellbent on ignoring the deficit and national debt and increasing spending and reducing revenue even further.

Remember Republicans who were afraid of the deficit, and tea baggers who promised to balance the budget? ha, So do I..... Drain the swamp.

DWags wrote:Treasury showed what no president ever wants to admit: The deficit is spiking. The federal government’s red ink this year is already 21 percent above what it was in 2017, and there are few prospects that the bottom line will improve anytime soon.

Except with infrequent and unsubstantiated platitudes about how the situation is going to get better, the Trump White House and Republicans in Congress have been doing everything possible not to talk about the budget this year. To avoid tough questions and politically embarrassing votes, the House and Senate have even refused to consider a budget even though they are required by law to adopt one.

Trump's deficits are permanent
Unlike the trillion dollar budget deficits that occurred during the Obama administration that were temporary and largely the result of the Great Recession, the Trump deficits that will soon reach and exceed $1 trillion are permanent and will only get worse in the years ahead.

The Trump deficits are the result of changes in federal spending and revenue that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.

Not only has there been little appetite to do that, many in Congress and the Trump administration seem to be hellbent on ignoring the deficit and national debt and increasing spending and reducing revenue even further.

Remember Republicans who were afraid of the deficit, and tea baggers who promised to balance the budget? ha, So do I..... Drain the swamp.

yep - the racist, bigoted christian sexual predator and his enablers increased the national deficit by 18% in 2018 alone.

Of course you don't see the mainstream media really talking about it because it's more sexy to cover porn stars and white supremacist rallies - which is why they shamelessly promoted him in 2016, anyway.

But, ya know, at least he's demonizing brown people.. so, MAGA!!

DWags wrote:Treasury showed what no president ever wants to admit: The deficit is spiking. The federal government’s red ink this year is already 21 percent above what it was in 2017, and there are few prospects that the bottom line will improve anytime soon.

Except with infrequent and unsubstantiated platitudes about how the situation is going to get better, the Trump White House and Republicans in Congress have been doing everything possible not to talk about the budget this year. To avoid tough questions and politically embarrassing votes, the House and Senate have even refused to consider a budget even though they are required by law to adopt one.

Trump's deficits are permanent
Unlike the trillion dollar budget deficits that occurred during the Obama administration that were temporary and largely the result of the Great Recession, the Trump deficits that will soon reach and exceed $1 trillion are permanent and will only get worse in the years ahead.

The Trump deficits are the result of changes in federal spending and revenue that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.

Not only has there been little appetite to do that, many in Congress and the Trump administration seem to be hellbent on ignoring the deficit and national debt and increasing spending and reducing revenue even further.

Remember Republicans who were afraid of the deficit, and tea baggers who promised to balance the budget? ha, So do I..... Drain the swamp.

This is all to justify gutting Social Security and Medicaid next. (Which has been the R goal since the New Deal.)

BTW, Revert to tax rates of 1979 and all of this goes away. Plus workers get a huge wage increase. And companies would have incentive to give those perks we all missed out on. (Pensions, Education, etc.)

revert to 1979 rates would make the deficits go away.

We could return to the 1993 tax plan and make all income to the first $250K subject to SS taxes regardless of its source. Wouldn't matter if its salary, stock or trust fund. That would remove the doom and gloom funding predictions.

DWags wrote:Treasury showed what no president ever wants to admit: The deficit is spiking. The federal government’s red ink this year is already 21 percent above what it was in 2017, and there are few prospects that the bottom line will improve anytime soon.

Except with infrequent and unsubstantiated platitudes about how the situation is going to get better, the Trump White House and Republicans in Congress have been doing everything possible not to talk about the budget this year. To avoid tough questions and politically embarrassing votes, the House and Senate have even refused to consider a budget even though they are required by law to adopt one.

Trump's deficits are permanent
Unlike the trillion dollar budget deficits that occurred during the Obama administration that were temporary and largely the result of the Great Recession, the Trump deficits that will soon reach and exceed $1 trillion are permanent and will only get worse in the years ahead.

The Trump deficits are the result of changes in federal spending and revenue that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.

Not only has there been little appetite to do that, many in Congress and the Trump administration seem to be hellbent on ignoring the deficit and national debt and increasing spending and reducing revenue even further.

Remember Republicans who were afraid of the deficit, and tea baggers who promised to balance the budget?   ha, So do I..... Drain the swamp.

Dwags I appreciate your concern but you do realize that there is a caravan of women and children 1000 miles away right?

They’re coming for your job and your family

Now before anyone freaks out over that number it only represents about 0.03% of our annual defense budget. Maybe we should think about that.

Travis of the Cosmos wrote:

DWags wrote:Treasury showed what no president ever wants to admit: The deficit is spiking. The federal government’s red ink this year is already 21 percent above what it was in 2017, and there are few prospects that the bottom line will improve anytime soon.

Except with infrequent and unsubstantiated platitudes about how the situation is going to get better, the Trump White House and Republicans in Congress have been doing everything possible not to talk about the budget this year. To avoid tough questions and politically embarrassing votes, the House and Senate have even refused to consider a budget even though they are required by law to adopt one.

Trump's deficits are permanent
Unlike the trillion dollar budget deficits that occurred during the Obama administration that were temporary and largely the result of the Great Recession, the Trump deficits that will soon reach and exceed $1 trillion are permanent and will only get worse in the years ahead.

The Trump deficits are the result of changes in federal spending and revenue that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.

Not only has there been little appetite to do that, many in Congress and the Trump administration seem to be hellbent on ignoring the deficit and national debt and increasing spending and reducing revenue even further.

Remember Republicans who were afraid of the deficit, and tea baggers who promised to balance the budget?   ha, So do I..... Drain the swamp.

Dwags I appreciate your concern but you do realize that there is a caravan of women and children 1000 miles away right?

They’re coming for your job and your family

Now before anyone freaks out over that number it only represents about 0.03% of our annual defense budget. Maybe we should think about that.

Exactly, it it even safe to go out and vote?

Yes, yes. That's gotta be it.......

kingstonlake wrote:Yes, yes. That's gotta be it.......

Get used to this drumbeat. It's all we're gonna hear for the next two years barring the fatass doesn't quit or gets kicked out of office.