PDA

View Full Version : Utopian economic theory.... meet reality


tomder55
Aug 4, 2024, 02:37 AM
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, fueling fears of a broader economic slowdown, the Labor Department reported Friday.

Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3% (cnbc.com) (https://www.cnbc.com/2024/08/02/job-growth-totals-114000-in-july-much-less-than-expected-as-unemployment-rate-rises-to-4point3percent.html)

New orders declined and the price of goods increased .

"Near Stalling Of Production" - US Manufacturing Surveys Collapsed In July | ZeroHedge (https://www.zerohedge.com/economics/near-stalling-production-us-manufacturing-surveys-collapsed-july)

Still the Dems will state that they have done a great job in the last 3 + years managing the economy.

The unexpected results of bad progressive polices are completely predictable.

tomder55
Aug 6, 2024, 02:10 AM
yesterday the markets reacting to reports of an impending US recession and unstable international news plunged .