Bad Economic Predictions

[Cakedaddy]

Papa Johns has always been good around here.

[TheCatt]

January’s producer price index, which is a measure of wholesale inflation, came in hotter than expected at a 0.5% increase for the month. Economists polled by Dow Jones saw the headline reading coming in at 0.3%. Excluding food and energy prices, core PPI recorded a 0.8% gain, much more than the 0.3% rise economists anticipated.

That's a horrible number. Way to fuck the economy, Trump.

[Leisher]

The Dow hit 50K. Nothing else matters.

Seriously though, is that just a measure of prices increasing or decreasing? If so, I fully understand the concept of "this price is what it is because of the cost of business and demand, yada yada yada", but that's such bullshit. The Wall St driving everything model we're currently running negates that. Sure, a price has to reflect the cost of business, but almost all prices are completely arbitrary and inflated because corps have to make Wall St happy. Corporate greed is beyond out of control. Plus, the mad rush for AI is destroying the tech sector around the world and dramatically skyrocketing prices. Not sure how much Trump can really get blamed for that.

Don't get me wrong. I'm not exactly loving his handling of the economy or the ridiculous "50K!!!" horseshit that most people don't give a shit about. I just think some of the measures we use are based upon utopian thinking. Aren't Big Macs in some parts of CA going for $27 or something crazy? That's not cost, that's greed.

Also, on a totally different note. It's a proven fact that when a candidate of ANY race gets into office, the people of that same race see their crime stats increase. Are we seeing the same type of empowerment with scumbag business people seeing one of their own in office? I'd wager it's not nothing.

Papa Johns has always been good around here.

Or you have bad taste?

Could be the franchisee in your area isn't a cheap wad like other franchisees?

[TheCatt]

The Dow hit 50K. Nothing else matters.

And now it's down to 49k.

[Leisher]

The Dow hit 50K. Nothing else matters.

And now it's down to 49k.

I know, we did this exact back and forth on this joke the other day.

[TheCatt]

Stock futures fell Friday, putting equities on pace to add to their weekly declines, as oil prices spiked and traders reacted to an unexpected drop in new U.S. jobs data.

Futures tied to the Dow Jones Industrial Average
lost 634 points, or 1.3%. S&P 500 futures
and Nasdaq 100 futures
were down 1.3% and 1.5%, respectively.

Nonfarm payrolls fell by 92,000 in February, a sharp contrast from the downwardly revised January gain of 126,000 and far below the growth of 50,000 that economists polled by Dow Jones expected for the month. The unemployment rate also rose to 4.4% from 4.3%.

West Texas Intermediate futures
broke above $87 per barrel. International Brent crude
traded above $90 per barrel as investors weighed the impact of the U.S.-Iran war on global energy supply. The gains swelled after President Donald Trump said in a Truth Social post that there won’t be a deal to end the U.S.-Iran war without an “unconditional surrender” from the Middle Eastern country.

That's some expensive oil. And job losses. Great job, Trmp.

December’s estimated job gains of 48,000 were revised down to a loss of 17,000 jobs. The US economy has shed jobs in five out of the past nine months. And since May (the first month after President Donald Trump announced his biggest wave of tariffs), the labor market has lost 19,000 jobs, BLS data shows.

[Leisher]

Jobs are never coming back.

AI, automation, and "the Wall St." effect all mean fewer and fewer jobs.

[TheCatt]

Jobs are never coming back.

I did my part by retiring!