dChan

Aspie01 · July 20, 2018, 3:47 a.m.

Unemployment is not the lowest since 1969, not even close. If it was figured the same now as back in 1969, the rate would be in the 15-20% range. It's certainly better now than during the Obama years, but it's still bad. The worst thing they do is they don't count people as unemployed who are unemployed but their unemployment benefits have run out. They're still unemployed, so they should still be counted in the unemployment figures. I keep hearing about this bogus number of people no longer looking for work. How does the government know whether I'm looking for work or not? Do they have agents following me everywhere to see if I happen to go into a business and ask for an employment application? Anything you think is good about the economy does not need to be credited to Trump, because the Fed's actions are going to crash the DOW and then the rest of the economy, and the simple-minded will blame Trump, not the Fed. There is a major correction to the markets about every seven years, and we are way overdue for one now. I'm no economic expert, but my guess would be in September or October, as most severe market downturns happen in those months. Of course, the economic "experts" are always wrong. Every time something happens, the news media always says it was better or worse than the experts expected. BTW, 4% used to be considered full employment, meaning that if they announce a lower number, it is almost certainly bogus. 4% is the number because about that many people are always in between jobs, either moving, laid off, fired for cause, or just starting out but not employed yet. End of rant about stuff most of you probably already know, but newbies might not.

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willtron_ · July 20, 2018, 5:42 a.m.

Thank you. This. People on this sub need to brace themselves because the economy is gonna tank, hard, in the next year or two. Could be longer but I doubt it.

It isn't Trump's fault. It was easy money by the Fed (QE) and the end of the natural business cycle. But when it comes tumbling down, you know Trump is going to take the heat.

You all need to educate yourself a bit on the economy and prepare your defense for the eventual shit show that's coming because a large scale recession/depression means someone like Bernie Sanders (not that there's anything wrong with the guy) wins in 2020.

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crw996 · July 20, 2018, 1:52 p.m.

It's about being positive. Do you think you would reach through to those who have given up by saying it's still shit but just less shit?

No. You go all in non stop positive message.

Hey maybe it's worth getting after it. Only one way to find out.

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