[marmico]

There are less people in the workforce today than in the financial crises of 2008

Armadillo is an effing retard like the ETP Bozo.

[Armageddon]

A smaller share of Americans are in the labor force. In December 2007, two-thirds (66.0%) of civilians ages 16 and over either were employed or actively looking for work; as of October of this year, only 62.7% were. The labor force participation rate, as it’s called, fell steadily throughout the Great Recession and well into the subsequent recovery. It bottomed out at a seasonally adjusted 62.4% in September 2015 and has risen only slightly since then.

[Armageddon]

The cornies are getting nervous. You can sense their desperation as they are increasing their personal attacks. That’s how their type works.

[Armageddon]

U.S. October budget deficit hits $134.5 billion, 34% higher than the year before


More of my predictions are happening

[marmico]

A smaller share of Americans are in the labor force. In December 2007, two-thirds (66.0%) of civilians ages 16 and over either were employed or actively looking for work; as of October of this year, only 62.7% were. The labor force participation rate, as it’s called, fell steadily throughout the Great Recession and well into the subsequent recovery. It bottomed out at a seasonally adjusted 62.4% in September 2015 and has risen only slightly since then.

You said:

There are less people in the workforce today than in the financial crises of 2008

to which I responded that you are an effing retard.

Why don't you drive your 100 year old grandma to her job as a Walmart greeter? She would be in the denominator of the participation rate ratio. But I know grade 3 arithmetic is beyond your grasp.

An aging population means a lower labor force participation rate. The prime age (25-54 year old cohort) employment rate at ~80% is near historical highs.

[shortonoil]

Something Nasty is Coming in the Financial Markets – Rob Kirby "I believe we are probably on the eve of it in that something nasty very soon. The amount of money being created is so much bigger than what is being acknowledged. It wreaks of desperation. usawatchdog.com/something-nast…

You Thunck?...........

The money being created "is" much greater than what the FED, and all the CB are reporting! That extra, magical money, appears on the debt curve, and to create debt requires money! Between 2018 and 2019 world debt increased by $38 trillion. That was more than twice what the world's central banks reported as increases on their balance sheets. My "guess" as in WAG (wild ass guess) is that it is coming out of the shadow banking system. Some one, and not a CB, conjured up about $20 trillion last year. Unlike, traditional bank leading, this does not show up on the CBs books as assets held. The Chinese just took a hatchet to their shadow banking system, and they only wounded the thing. Western banking does not have the option of using the Chinese system of "finesse". The rich (as in mega molii) own the shadow banking system.

Since the shadow banking system, a completely unregulated financial monster, is growing much faster than the regulated banking system, looking in the direction of the FED for the next 2009++ (1929 times ten) is looking in the wrong direction. The over shoot in the pensions, alone, can take the shadow system down. It is the same group that drilled 1.7 million, 7000+ foot holes in the ground, and never showed a profit. Wall Street is constructed from a lot of assets with $"0" value.

When the mega rich can no longer trust one another the entire system breaks down. It looks like trust is getting hard to come by.

https://www.warsintheworld.com/?page=static1258254223

[Armageddon]

A smaller share of Americans are in the labor force. In December 2007, two-thirds (66.0%) of civilians ages 16 and over either were employed or actively looking for work; as of October of this year, only 62.7% were. The labor force participation rate, as it’s called, fell steadily throughout the Great Recession and well into the subsequent recovery. It bottomed out at a seasonally adjusted 62.4% in September 2015 and has risen only slightly since then.

You said:

There are less people in the workforce today than in the financial crises of 2008

to which I responded that you are an effing retard.

Why don't you drive your 100 year old grandma to her job as a Walmart greeter? She would be in the denominator of the participation rate ratio. But I know grade 3 arithmetic is beyond your grasp.

An aging population means a lower labor force participation rate. The prime age (25-54 year old cohort) employment rate at ~80% is near historical highs.

Nope, it’s called discouraged workers that are missing. Quit believing the lies son

[Armageddon]

The 3 percentage points decline in participation translates to over 6 million people no longer in the labor force.

[Armageddon]

U.S. household debt rises for the 21st straight quarter bloomberg.com/news/articles/… "Aggregate delinquency rates worsened last quarter -- 4.8% of outstanding debt was overdue, a 0.4 percentage point increase from Q2." Bonus: households piled into mortgages with home prices near ATH.

Twitter

[Cog]

Just last week you were saying no one was buying houses and the housing market was doomed. Short term memory might be an issue with you. Get checked out.

[Armageddon]

Just last week you were saying no one was buying houses and the housing market was doomed. Short term memory might be an issue with you. Get checked out.

Nobody is buying houses? I said that? Zero houses were sold?

[Armageddon]

U.S. household debt at record, nearing $14 trillion: NY Fed reut.rs/2O9od5Z


Are they nearing the breaking point? I think so

[rockdoc123]

U.S. household debt at record, nearing $14 trillion: NY Fed reut.rs/2O9od5Z


Are they nearing the breaking point? I think so

One might forgive you for spouting falsehoods if in fact I hadn't posted these graphs previously when you claimed the same thing.





so household income to debt ratio is much lower than it was a few years ago and the amount of impact in terms of debt servicing is also decreasing.

[Armageddon]

33% of new car buyers traded in their cars had negative equity in the first 9 months of 2019. Finance companies are allowing buyers to roll that debt into a new loan.

Desperation? Ya think?

https://www.npr.org/2019/10/31/77340910 ... our-wallet


Underlying data is painting a pretty grim picture

[Armageddon]

Add this to freight "Total carloads for the week ending November 9 were 248,905 carloads, down 5.1% compared with the same week in 2018, while U.S. weekly intermodal volume was 266,364 containers and trailers, down 6.7% compared to 2018." aar.org/news/rail-traf… ht @pboockvar

Twitter


Major leading indicator

[rockdoc123]

33% of new car buyers traded in their cars had negative equity in the first 9 months of 2019. Finance companies are allowing buyers to roll that debt into a new loan.

Your link says nothing like that....it merely talks about the dangers of 7 year car loans which pretty much anyone would understand.

Please provide the appropriate quote in proper context

[marmico]

Nope, it’s called discouraged workers that are missing. Quit believing the lies son

Armadillo is an effing retard. There are <400,000 discouraged workers in a 150,000,000+ labor force. It's a rounding error, you ill informed, arithmetically challenged, pretentious goofball.

[Armageddon]

33% of new car buyers traded in their cars had negative equity in the first 9 months of 2019. Finance companies are allowing buyers to roll that debt into a new loan.

Your link says nothing like that....it merely talks about the dangers of 7 year car loans which pretty much anyone would understand.

Please provide the appropriate quote in proper context

For new-car purchases with a trade-in, about a third of people are now rolling over an average of $5,000 of debt from their old car loan into their new car loan, according to the Edmunds site. In other words, they're still paying for a car they no longer own.

[Armageddon]

Today:
The 2nd largest economy missed industrial output & retail sales data.
The 3rd largest economy  just printed 0.2% GDP growth. The 4th largest economy just printed 0.1% GDP growth. The 5th largest economy just printed negative retail sales.
Markets at all time highs.

This isn’t go to end well.

[Armageddon]

Working age population: age 15-64: all persons for the US

https://pbs.twimg.com/media/EJVIlWMWwAI ... name=large