the DOW hasn't gained a point in 18 months now

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Fogdog

Fogdog

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Survey: Companies add fewest jobs in 9 years in May

https://apnews.com/cd74d06a482a4f8ab55541bc1e401c93
WASHINGTON (AP) — U.S. companies added the fewest jobs in nine years, a private survey found, as manufacturers, construction firms and mining companies cut workers.
Payroll processor ADP said Wednesday that businesses added just 27,000 jobs in May, the fewest since March 2010. Jobs in construction fell 36,000 and in manufacturing by 3,000.

The figures come just after ADP reported strong hiring in April, when companies added 271,000 jobs

“The economy’s growth rate has slowed sharply from last year,” Zandi said. “That is now starting to show up in the job market.”

Growth could slow to as low as 1.5% at an annual rate in the April-June quarter, down from a nearly 3% pace last year. A weaker global economy and fading stimulus from the Trump administration’s tax cuts is dragging on the U.S. economy. The tariffs on Chinese imports may also be causing companies to delay their spending on large equipment and machinery.


What a sharp drop. from 271,000 new jobs in April to 27,000 net jobs added in May. 27,000 new jobs is for all intents and purposes the same as no jobs added. Trump's inflationary and recessionary policies are starting to bite. Trump's trade wars are not going to give the US a larger slice of the world economy's pie, it is shrinking the pie for everybody while making goods and services in the US more expensive. The trend is pretty clear: 3% growth last year, to 1.5% this quarter, to recession sooner than later. I'm guessing recession by end of this year or early next.

Didn't the trillion dollar additional debt due to tax cuts for the wealthy assume 3% growth throughout the ten year period? Maybe the Congressional Budget Office should tack on an additional $1 T to that figure too. Trump is a disaster for this country.
 
homebrewer

homebrewer

Well-Known Member
ttystikk said:
Your opinion, based as usual on nothing more than conjecture.

Ever heard of value investing? Some nobody named Warren Buffett did pretty well investing in individual companies he did his homework on.
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95% of fund managers won't beat the S&P so why would I recommend anyone else try?

http://www.aei.org/publication/more-evidence-that-its-very-hard-to-beat-the-market-over-time-95-of-financial-professionals-cant-do-it/

Tell me, how well have you done buying and selling individual stocks?
 
Unclebaldrick

Unclebaldrick

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homebrewer said:
95% of fund managers won't beat the S&P so why would I recommend anyone else try?

http://www.aei.org/publication/more-evidence-that-its-very-hard-to-beat-the-market-over-time-95-of-financial-professionals-cant-do-it/

Tell me, how well have you done buying and selling individual stocks?
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Tty is special. There is nothing he cannot do.

He has never had a job, lives on a trust fund, the weed he grows is shit, he literally pimped his girlfriend out for meth money and his family has taken protective custody of his daughter but he knows investing and politics really, really well and knows more about the Ardennes offensive than any living mortal. Just ask him.
 
Unclebaldrick

Unclebaldrick

Well-Known Member
TacoMac said:
My grandfather was there. He was in the 101st.

To his dying day he always wore two pairs of sox and gortex lined insulated work boots. His feet were always freezing. Even in 95 degree heat.
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One of my grandfathers was a factory owner getting rich on cost-plus, imploring the IRS for tax relief and eagerly following the German advance through the low countries on his atlas (which I own). The other was in the 1st Marines.

So it evened out.
 
ttystikk

ttystikk

Well-Known Member
Unclebaldrick said:
Tty is special. There is nothing he cannot do.

He has never had a job, lives on a trust fund, the weed he grows is shit, he literally pimped his girlfriend out for meth money and his family has taken protective custody of his daughter but he knows investing and politics really, really well and knows more about the Ardennes offensive than any living mortal. Just ask him.
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You tell almost as many lies as the Chump. Keep practicing!
 
doublejj

doublejj

Well-Known Member
Fogdog said:
Survey: Companies add fewest jobs in 9 years in May

https://apnews.com/cd74d06a482a4f8ab55541bc1e401c93
WASHINGTON (AP) — U.S. companies added the fewest jobs in nine years, a private survey found, as manufacturers, construction firms and mining companies cut workers.
Payroll processor ADP said Wednesday that businesses added just 27,000 jobs in May, the fewest since March 2010. Jobs in construction fell 36,000 and in manufacturing by 3,000.

The figures come just after ADP reported strong hiring in April, when companies added 271,000 jobs

“The economy’s growth rate has slowed sharply from last year,” Zandi said. “That is now starting to show up in the job market.”

Growth could slow to as low as 1.5% at an annual rate in the April-June quarter, down from a nearly 3% pace last year. A weaker global economy and fading stimulus from the Trump administration’s tax cuts is dragging on the U.S. economy. The tariffs on Chinese imports may also be causing companies to delay their spending on large equipment and machinery.


What a sharp drop. from 271,000 new jobs in April to 27,000 net jobs added in May. 27,000 new jobs is for all intents and purposes the same as no jobs added. Trump's inflationary and recessionary policies are starting to bite. Trump's trade wars are not going to give the US a larger slice of the world economy's pie, it is shrinking the pie for everybody while making goods and services in the US more expensive. The trend is pretty clear: 3% growth last year, to 1.5% this quarter, to recession sooner than later. I'm guessing recession by end of this year or early next.

Didn't the trillion dollar additional debt due to tax cuts for the wealthy assume 3% growth throughout the ten year period? Maybe the Congressional Budget Office should tack on an additional $1 T to that figure too. Trump is a disaster for this country.
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BySimon Alvarez
Posted on June 7, 2019


Employer branding specialist Universum has released its 2019 rankings for the most attractive employers in the United States. Based on the firm’s findings, which were tabulated from a survey of tens of thousands of students from hundreds of universities, it appears that two of Elon Musk’s companies, SpaceX and Tesla, are perceived by engineering students as the best employers in the country.

SpaceX, Elon Musk’s private space company, was dubbed by engineering students as the No. 1 employer they wish to work for, dethroning NASA, which topped last year’s rankings.
https://www.teslarati.com/tesla-spacex-best-employers-2019-elon-musk/
 
TacoMac

TacoMac

Well-Known Member
Once again, you post pure bullshit being a fangirl over Elon Musk and completely ignore everything he does that is complete, total bullshit. His company has lost half its fucking value in 6 months and still you sing his praises.

And he does the same bullshit with Space X. So how exactly is Space X doing? Well, not very fucking well at all. Let's review:
  • Space X just laid off 10% of it's workforce.
  • Musk promised that Starship was going to fly around the moon in 2018. It hasn't even made it to a launching pad yet.
  • The lead investor for Space X who actually bought the first flight that God only knows if it will ever happen has gone bankrupt.
  • Space X hasn't yet developed one single thing without the guidance of NASA.
But once again you fangirl on about Musk like he's doing everything above board and things are just going along as he said they would all along when the fact of the matter is that once again absolutely NOTHING he says comes to pass.
 
doublejj

doublejj

Well-Known Member
Tesla Outsold Porsche & Jaguar Globally In 1st Quarter
In the first quarter of 2019, for the third quarter in a row, Tesla outsold Porsche and Jaguar globally.
When you think of how well known and long respected Porsche and Jaguar are,Tesla’s consistently higher sales are a notable marker. There are frequently claims by critics and short sellers that once the big, old automakers decide to get moving, they will crush Tesla. Porsche and Jaguar have often been cited by those fortune tellers, with many a reference to the Jaguar I-PACE and Porsche Taycan, for example. But the sales data show us that Tesla is already bigger than Porsche and Jaguar. It is already the bigger boy.
https://cleantechnica.com/2019/06/08/tesla-outsold-porsche-jaguar-globally-in-1st-quarter/
 
TacoMac

TacoMac

Well-Known Member
And surprisingly, Jaguar and Porsche didn't lose 50% of its market value in that same period of time.

You can sell all the tea in China, but if you go broke doing it what fucking good does it do your investors that believed in you?
 
doublejj

doublejj

Well-Known Member
Among Premium Midsize Sedans, since January 2018, Americans have bought *100,000 more* Model 3s than the 2nd place Mercedes Benz C-class
 
doublejj

doublejj

Well-Known Member
TacoMac said:
And surprisingly, Jaguar didn't lose 50% of its market value in that same period of time.

You can sell all the tea in China, but if you go broke doing it what fucking good does it do your investors that believed in you?
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short sellers have been working overtime bashing Tesla...but Tesla car sales keep going up..
 
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