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US ECONOMY ON VERGE OF TOTAL COLLAPSE #1 According to Challenger,

This is a red board which means that it's strictly for adults (Not Safe For Work content only). If you see any illegal content, please report it.

Thread replies: 161
Thread images: 38

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US ECONOMY ON VERGE OF TOTAL COLLAPSE

#1 According to Challenger, the number of job cuts in May was 71 percent higher than it was in May 2016.

#2 We just witnessed the third worst drop in U.S. construction spending in the last six years.

#3 U.S. manufacturing PMI fell to an 8 month low in May.

#4 Financial stocks have lost all of their gains for the year, and some analysts are saying that this is “a terrible sign”.

#5 One new survey has found that 39 percent of all millionaires “plan to avoid investing in the coming month”. That is the highest that figure has been since December 2013.

#6 Jobless claims just shot up to a five week high of 248,000.

#7 General Motors just reported another sales decline in May, and it is being reported that the company may be preparing for “more job cuts at its American factories”.

#8 After an initial bump after Donald Trump’s surprise election victory, U.S. consumer confidence is starting to fall.

#9 Since Memorial Day, Radio Shack has officially shut down more than 1,000 stores.

#10 Payless has just increased the number of stores that it plans to close to about 800.

#11 According to the Los Angeles Times, it is being projected that 25 percent of all shopping malls in the United States may close within the next five years.

#12 Over the past 12 months, the number of homeless people living in Los Angeles County has risen by a staggering 23 percent.
>>
>>128371755
>55
oh fug
>>
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>>128371755
Going to need some sources on these figures m10
>>
Half that shit is due to internet shopping
>>
Black Friday, 2017
Retail apocalypse
>>
>>128371755
>it is being projected that 25 percent of all shopping malls in the United States may close within the next five years.

Good. Malls are cancer
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>>128371755
maybe some of you sjw reeeeetards need to get to work.
>>
All those stores closings is just a shift 2 online ordering...
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>>128372630
>tfw never really got to go to a mall & now never will
>>
Crypto.
>>
>>128371755
US has been predicted to have ~0-1% growth this year for a while, nothing new here.
You should be more worried about CA/AUS/CN
>>
Bullshit, all my stock has increased hugely in the last three months.

Telsa and Activision have almost doubled, EA and Nvida have gone up 50%.

I'm selling Tesla Monday though.

RIP carbon credits.
>>
>>128372922
what?
>>
>>128371755
Really, not one sauce?
>>
>>128371755
That must be a shitty job to hand count the homeless people in LA. I wonder how they get such detailed stats that some faggot ass Chinaman like OP can use it as evidence the world is going to end.
>>
Should I take all my money out of the bank?
>>
>>128373282

You've never been to a mall unless you've been to a mall in 1998. It was a magical time.
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>>128371755
>Radio Shack
>Payless
>>
>>128373266
Individual stocks going up does not mean anything.
Most indexes are flat or ~-1% since the start of the year.
Furthermore markets are not representative of how well the economy is doing, especially with the inflated asset prices we have today.
>>
>>128373408

yes
>>
>>128373408
>Should I take all my money out of the bank?

Your money should be in the stock market. You should take it out of there and put it in an Ally account, which returns 1% interest

After the market crashes, put it all back in to an S&P 500 index fund and let it ride.

If you had done this at the bottom of the crash in 2009 you would have tripled your money in 8 years
>>
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Way to go Drumpfydumpelkittenskittles
>>
>>128373520
Actually I lied large caps are still growing.
>>
Might as well link the ZeroHedge article, OP.
>>
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>>128373614
>After the market crashes, put it all back in to an S&P 500 index fund and let it ride.


I dont know how that works..any videos or something that explains it?
>>
>>128373780

If we go, you all go.
>>
>>128371755
>Radio Shack

Hang onto your butts, we're headed for total collapse
>>
>>128374033
https://www.blackrock.com
>>
>>128371755
Radioshack needs to die.

>need a new set of bluetooth headphones
>every set is $40+
>fuck it ill buy a cheap reg pair of headphones and order the bluetooth ones online
>they want $15 for shitty wired headphones
>was going to buy em anyhow but waited at counter for a clerk for a couple min said "fuck it" and left
>got a pair of headphones at 7-11 for $8
>ordered a set of bluetooth headphones for $10

Fuck radioshack they fail at everything
>>
>>128373780
>>
>>128373614
I only have $600 in the bank.
>>
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>>128374075
Kek. You underestimate how much the world hates your government. Everybody is just itching to jump ship and leave you in the black.
>>
Canadians have cancelled all vacation trips to usa.
>>
>>128371755
>online shopping wipes out countless businesses
>millions of people out of work
>have to get on government assistance
>manufacturing jobs and construction jobs freeze because now no one is buying anything anymore because no money
>as such even more people are unemployed
>government can't afford to give handouts to so many people
>mass riots and looting
GOOD THING I GOT THOSE DEALS ON AMAZON
>>
>>128374622
Wrong
>>
>>128374420
The businesses are multinational and they're what matters, faggot
>>
>>128371755

Collapse is upon them.
>>
>>128373614
>>128374033
get a coinbase account and put yo money in coin
>>
>>128371755
no shit sherlock

it's already happened dum dum
>>
>>128371755
>bait
>>
>>128374708
I see you faggots are now coming back to deny claims.

Fuck out of here reddit leaf.
>>
2017 to 2020 will have lowest US tourism rate in history. Economy of all tourism dependent locations goes to shit. Thanks trump.
>>
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>>128371755
FUCK YOUR SLIDE THREAD
>>
>>128371755
>#9 Since Memorial Day, Radio Shack has officially shut down more than 1,000 stores.
>#11 According to the Los Angeles Times, it is being projected that 25 percent of all shopping malls in the United States may close within the next five years.
>>
Fake slide thread, economy is booming
>>
>>128374874
yeah no

where do you think they will vacation? in the cold version of australia?

i dont think so leaf eater
>>
>>128374622
So you qouted everyone? Seems to me youre the one trying to slide something here...
>>
>>128371755
The economy has been propped up on nothing since the election m8
>>
Look at the bust that is about to happen in Bitcoin to.
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>>128374748
>The businesses are multinational
They're also Jewish and need to die
>>
>>128374687
>you should be forced to waste time and resources to adhere to an archaic shopping process

logistics is next. if a job can be automated, it should be and it will be. maybe learn a real trade instead of "salesman" or "shop assistant".
>>
>>128371755
kill yourself shill rat
>>
>>128371755

God damn it feels good to know these posts are driven by fear spawned by Soros et al to help them on their shorts.
>>
>>128371755
hmmm

Yes there were less jobs created last month.

What do you think is behind the drop in construction?

>- U.S. construction spending recorded its biggest drop in a year in April as investment in both private and public projects fell, but a sharp upward revision to the prior month's data pointed to underlying strength.

The Commerce Department said on Thursday that construction spending tumbled 1.4 percent. Spending in March was revised to show it jumping 1.1 percent to a record $1.24 trillion.

Economists polled by Reuters had forecast construction spending increasing 0.5 percent in April after a previously reported 0.2 percent drop in March. Construction spending increased 6.7 percent from a year ago.

t. http://www.reuters.com/article/us-usa-economy-construction-idUSKBN18S5EC
>>
>>128375104
>Not getting peoples attention
What are you a faggot?
>>
>>128374622
>mass replier

Gas yourself

>Y'all

Double the gas.
>>
>>128371755
oh looksie wooksie there, it's that flag again

Goodness gracious, I almost read the entire post and responded to it
>>
>>128373520
You just gotta talk right out of your ass in every thread, dontcha, leaf?

Your economy is a ticking time bomb because of housing - we're in far better shape then you are.
>>
>radioshacks closing
>malls closing
>homeless people in LA
so what changed?
>>
>>128371755
Dumbass. I work in the construction business and I can assure you it is not slowing down. It's the busiest it's been in a decade for sure. Atleast in Florida
>>
>>128374708
post bloody sources then, idiot
>>
>>128371755
oh boy a leaf slide thread

get fucked brown boi
>>
>>128375385
>bumping a shill slide thread
Get out you double nigger.
>>
>>128374622
Do newfags not realize that post counts are per thread?
>>
>>128374874
Thanks to trump? Ha ha did you forget about bush and obama fag?
>>
>>128374033
Go open an account at Meryl Lynch, and let them do it for you. If you don't understand that, you're literally throwing your money away.

Hire someone to invest for you, then start reading blogs and investment articles and learning how it works. You should be able to make your first trade yourself in about 2 years.
>>
economy is tanking because trump and republicans are too cowardly to:
1. dump obamacare
2. cut taxes.
>>
>>128374622
WELL YOU QUOTED EVERYONE
WAS THE NEXT STEP OF YOUR EXCEEDINGLY RETARDED PLAN?
>>
>>128371755
Hey Op, how does it feel to be a shortsellers wet dream? A peon spreading fear for no reason.

Radioshack has been gone for almost 2 years. Everyone has known they were closing.

God damn you are a complete fucking moron (also a poor person.)

It must suck to be you, working for shortsellers for free. (IE: SOROS RN).

It is not happening.

You are a canadian faggot.

Fuck off eternally.
>>
>>128375566
I think most newfags don't even bother to check. Seriously we need to educate are newfags.
>>
>>128375349
>Construction activity has been one of the bright spots for the economy over the past year, and the big decline in April is expected to be temporary.

http://normangeestar.net/2017/06/03/construction-spending-fell-1-4-in-april/


>U.S. construction fell in April by the largest amount in a year, reflecting weakness in homebuilding, non-residential construction and government projects.

The Commerce Department reported Thursday that construction spending fell 1.4 percent in April, the biggest drop since a 2.9 percent fall in April of last year. The decline left spending at a seasonally adjusted annual rate of $1.22 trillion.

Construction activity has been one of the bright spots for the economy over the past year, and the big decline in April is expected to be temporary. Analysts are forecasting that construction will provide continued fuel for the economy in the coming year.

http://www.journalgazette.net/business/20170602/job-market-growing-at-sustainable-rate
>>
>implying the next economic crash won't be caused by the auto and student loan industries
>>
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>>128371755
California will definitely collapse
I'm stuck here on probation for 18 months and can't leave the state. Press F to pay respects.
>>
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>>128372630
Malls are underrated. They're great if you live somewhere cold and shitty (like Chicago or Seattle for example) and you want to walk around a bit in a well lit, uplifting open environment with tons of high school girls walking around in yoga pants and such. I would have been depressed as fuck during Seattle winters were it not for the malls there. Also, they're the only place that you can get these delicious pretzels and that cheap, salty, Americanized teriyaki chicken.
>>
>>128375745
/pol/ doesn't make newfags lurk moar. That used to be the motto on this site 10 years ago. Now /pol/ just invites in filthy newfag hobos off the streets of the internet.
>>
>>128375698
To notify that this is a slide thread bitch. You should be smart enough to google or notice others saying not to post in a slide thread.
Don't be an unintelligent redditcuck.
>>
>>128375775
Here's a better article imo.

The U.S. Conference Board’s consumer confidence index had dropped a bit in April. The index for May is set to be released next week, shedding light on whether the confidence has topped, albeit at the highest levels since the 2000. It is still a mystery as to why sentiment is elevated but spending is so subdued. This is perhaps partly explained by no inflation-adjusted wage gains.

Also, consumer concerns regarding the economics concept of permanent income might be a contributing factor. Rising confidence is usually a very late-cycle phenomenon that comes after pent-up demand has been released when jobless rate is low and when stock prices are high.

Meanwhile, the U.S. construction spending is expected to have recovered in April from a slight drop in March that followed a very solid beginning to 2017, said Scotiabank in a research report.

http://www.econotimes.com/US-consumer-sentiment-likely-stayed-elevated-in-April-construction-spending-to-have-recovered-726594
>>
>>128375561
If you don't have a plan to eternally ban leafposting (which should happen desu) let him have his thread anon. Mass replies will earn you nothing but contempt. Your reputation may never recover from this alone, much less your continued impotent effort at justifying a fucking mass reply.
>>
>>128375870
Student loans are a joke
>>
>>128375945
Not a slide thread
>>
>>128374405
$600? You have no business being in investments. Get a job where you can scrape a couple hundred per month AFTER your bills are paid and you've fully contributed to a 401K.

Less than $5000 in the market is a waste of time.
>>
>>128375994
Looks like states looking to streamline their outdated legislation.

>Pennsylvania has lots of old laws.

Take the 1933 liquor monopoly. Or its 1936 “temporary” (yet still in place) 18 percent Johnstown Flood Tax.

You’re likely aware of ongoing efforts to bust the monopoly to get our slouching-toward-insolvency state more money.

Well, here comes another old-timer: the Separations Act of 1913.

It’s one more controversial thing Pennsylvania does — because it always has — that might not make much sense anymore.

It mandates that public construction projects of $4,000 or more (and, yes, that number has been the same for 104 years now) have separate contracts for plumbing, electrical and such, instead of just one contract.

Know how many other states do that? Two: New York and North Dakota.

Know how many private-sector jobs run that way? Apparently none.

So there’s an argument that many contracts instead of one means inefficiency, delays, litigation and cost overruns on state, municipal and school construction.

Pittsburgh attorney David Scotti, a nationally recognized construction law expert, says there’s “no doubt” that the law drives up cost: “If this was economically smart, you’d see the private sector doing it.”

t. http://lancasteronline.com/opinion/columnists/time-to-drop-hammer-on-old-public-construction-project-law/article_f0841a24-3402-11e7-8698-c3c37de2775f.html
>>
>>128376088
Then what is it you faggot? Are you short right now? Losing your ass faggot? What is the point of this false information? You have to be short.

LOL Everyone laugh at this guy.
>>
>>128374405
I have less than $100. I've been eating soup for the past week
>>
>>128375858
Student loans are backed by the Fed, dummy.
>>
>>128375941
What the fuck do you think is going on right now? You are the newfag and you need to lurkmore.

>>128376029
>Reputation
This isn't reddit, fuck out of here shill.

>>128376088
You have not even contribute to your own thread but only to come out when I accuse you of slide.
This is a slide thread.
>>
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>>128371755
it is called America is catching up with all the free gibs, pic related
>>
>>128376102
Well Im only 20 so thats a few years out. But I'll remember that advice, thanks anon!
>>
>>128376202
>I've been here all month
>I learned about the memes on plebbit
Get out, cancer.
>>
>>128376202
Yea, that's how shilling works you fucking pleb.

bump
>>
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this thread
>>
>>128376149
West Virginia looking pretty backward by raising taxes to pay for new infrastructure, so it's not completely good news.

>Under Justice’s plan, an estimated $2.8 billion in bonds would be sold to fund various highway and other infrastructure projects. The bonds would be paid for by raising the Division of Motor Vehicles license fee from $30 to $50, raising and extending tolls on the West Virginia Turnpike and raising the excise tax on gasoline by 10 cents per gallon, among other methods.
t. http://www.wvgazettemail.com/news-business/20170531/contractors-group-backs-justice-infrastructure-plan-in-wake-of-job-losses
>>
>>128376314
What are you even arguing faggot, all you have done is act like this place is reddit.
>>128376329
>not knowing what sage is
>>
>>128371755
>Radio Shack has officially shut down more than 1,000 stores.
Are they even relevant at this point
>>
>>128371755
ITS ON THE VERGE OF COLLAPSING? IS IT CLOSER NOW THEN WHEN YOU MADE THIS THREAD 3 MONTHS AGO?
>>
>>128376432
I know what it is, you cancer posting faggot. I intentionally bumped this piece of shit thread because you're being a cunt.
>>
>>128376509
Hey this it's a lot of data to gather don't be mean.
>>
>>128371755
>#4 Financial stocks have lost all of their gains for the year

OP is a faggot.
>>
>>128376404
>>128376149
It seems the so-called experts weren't basing their predictions for new construction projects for next month on nothing...

>Dive Brief:

Demand for design services stayed positive for a third-straight month, despite falling back in April, with the American Institute of Architects' latest Architecture Billings Index coming in at 50.9 for the month, compared to 54.3 in March and 50.7 in February. The ABI is an indicator of future construction spending with a nine- to 12-month lead.
Within the index, the institutional sector saw its fourth-consecutive month of growth at a score of 54.0 in April. The multifamily residential and mixed-practice sectors, however, dropped slightly, with the multifamily category dipping below the breakeven point to a score of 49.9, and the mixed-practice segment dipping modestly to a reading of 53.4. The commercial/industrial sector rebounded in April to a score of 52.4, reaching above the breakeven point for the first time since January.
The sub-index tracking project inquiries increased to a score of 60.2 in April from 59.8 in March. Design contracts also grew modestly, from 52.3 in March to 53.2 in April.


t. http://www.constructiondive.com/news/architecture-billings-stay-in-positive-territory-for-third-straight-month/443391/
>>
>>128371755
>radio shack
>payless
No one has shopped in those stores for over 15 years, it shows how good the economy is that they lasted this long.
>>
>>128372630
The only thing I'll miss about living in the ny metro area is how fun it used to be to walk around the malls (which will never close considering how densely populated the area is)
>>
>>128376616
Oh excuse me for being a cunt when your pathetic sorry ass is posting in a slide thread.
Lurk more newfag.
>>
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>>128376654
You can make gains by the week buying an index fund tracking the Dow or S&P the economy is rising so fast mostly on speculation.

I fear around september or october people will have forgotten all about the tax plan coming into effect in the next year.
>>
>>128376202
>>128376314
>>128376329
this thread is a slide thread blessed by kek.
Witness >>128371755
>>
>>128376718
You've called people shills and newfags incorrectly, which is even worse than newfaggotry and on par with shilling. That's why people are still bumping this thread. Just like I am now.

Fuck you, faggot.
>>
>>128376837
Here's what OP is talking about in point #2

He forgot to mention the greatest rise in a long time.
>>
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Hurrr slyde fred !
>>
>>128376654

>the DJIA is a "financial stock"

no
>>
>>128376837
>not doing it right
Kek shall reveal me as the true caller of this slide thread.

>>128377037
>Its not working because I'm still shilling the thread and/or dumb enough to contribute.
I am still adding to post limit and taking away time this slide thread is up.
You dumbasses don't know how any of this works.
>>
>>128377180
>muh baaankssss
>>
>>128377261
What a dumb cunt! MGTOW tier brainlet desu.
>>
About three-quarters of American construction spending is done by the private sector. Of that, around half goes to nonresidential building, which includes everything from hospitals to power plants to hotels to oil wells to churches. The chart below compares nominal spending on each of the three main components against total gross domestic product for ease of reading:
>>
>>128376202
>This is a slide thread.

Incorrect
>>
>>128376638
It just means he's autistic enough to pull some mental gymnastics to find the newest piece of "evidence" he finds. Every day he makes this thread and every day I pray for the day of the rake
>>
>>128377431
>Can't figure out a way to defend himself, has to bull some cuckshit out of his ass.

>>128377628
This is still a slide thread full of multiple shills.
>>
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>>128377504
The share of investment in “improvements” of residential structures has soared in the past decade, peaking at 56 per cent in 2011, although it’s come down a bit since then as house prices and homebuilding recovered.

One likely explanation for the divergence from historical norms is that the post-crisis plunge in mortgage rates encouraged those who still had positive home equity to refinance and keep spending on new kitchens and hot tubs. At the same time, the overall drop in home values discouraged builders from putting up more units.

In that situation, measuring the productivity of the construction sector by looking solely at housing starts would overstate the post-crisis decline, but not by much. The chart below shows that inflation-adjusted spending on residential structures has returned to where it was twenty years ago even when including the resilience of spending on renovations:
>>
>>128371755
Yea man this has been a long time comming, we cant support every single state and federal employee doing 20 years and retiring with a 75k a year salary anymore.
>>
>>128377785
tl;dr; Mexicans fucked us

>Following the sharp downturn and housing bust of the late 1980s and early 1990s, the housing sector apparently experienced a rare burst of productivity growth. Employment fell by 8 per cent between the start of 1991 and the end of 1992, but real output grew by 26 per cent. Remarkably, builders were able to hold onto those gains through the end of 2005, although they somehow managed to avoid the productivity growth the rest of the economy experienced in the 1990s and early 2000s. By this measure, productivity plunged during the housing bust, because output fell by 56 per cent while employment “only” dropped by 27 per cent.

Some have argued the actual drop in the workforce was bigger but isn’t captured in the official statistics because of the large share of illegal immigrants who worked in the industry when times were good and left the country when new orders dried up. That would make the productivity decline in the crisis look less severe, but it would also imply that homebuilding productivity was falling during the bubbly years, perhaps by a lot.

So it probably makes sense to discount the big drop in 2006-2009 and the partial recovery since. However, it’s likely that the current productivity numbers are comparable to the early and mid-1990s, because most of the growth in the illegal population occurred since then. In other words, a gradual but relentless decline rather than a steep drop.
>>
>>128372922
You didn't miss out on much.

Malls were OK back in the 1980s when the Internet wasn't a thing. Now you'd most likely just be bored.
>>
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>>128378114
Putting it all together, average output per worker in residential construction since the start of 2013 is about 12 per cent lower than the stable average in the 1990s. That’s not quite as dramatic as what you would get by simply comparing housing starts against total construction employment, but it is still remarkable. After all, the tendency in most fields is for productivity to go up, not down. The fact it remained flat for years and then dropped that much reflects a highly unusual combination of excessive access to labour, bad management, insufficient investment in technology, and increasing red tape.

Taking the longer view, and using a slightly different perspective, the chart below compares the changes in the price index used to deflate investment in residential structures to the overall GDP deflator. In other words, how much has productivity in the homebuilding industry lagged behind gains in the total US economy? A lot:
>>
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>>128378137
verdict:

>It’s not clear what can be done to improve the output of the homebuilding sector, much less the construction sector more generally, which, according to the data, suffers from the same problems. Realising that the problem has more to do with processes and equipment than labour shortages, however, would be a good first step.
>>
>>128371755
payless and radioshack have been 20 years overdue bruh.
>>
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>>128371755
Don't get my hopes up.
>>
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>>128377698
lmao sliding what? Lets look at the front page of /pol/

>kek alternate timeline thread
>5-10 threads making fun of Britain
>seth rich thread
>5-10 twitter screencap threads
>thread about latin america
>diversity recognition software
>somebody made a thread about dying malls inspired by this thread

It's all pure shit except the seth rich thread, the mall thread, and the latin america thread

Now people in this thread are discussing the economy which is actually relevant to politics not some fucking twitter screen cap thread

YOU are the shill here trying to ruin my thread about the economy because it lacks twitter screen caps and /int/ style shitposts about the UK
>>
>>128378137
And that is with low labor participation
>>
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>>128378750
>Look at all the other things
>Not knowing how /pol/ works.
Just leave shill, your claims are without sources when asked. You still refuse to back them up but are willing to defend your shitty thread that it isn't a slide thread.

Clearly this is a slide thread and you are butthurt about it.
>>
>>128378972
Regarding Trump's pick for the Fed...

This might not sound like someone inclined to support the monetary policies desired by a self-professed “low-interest rate person”. However, it’s also worth noting that Goodfriend’s opposition to balance sheet expansion is paired with a radical willingness to embrace deeply negative rates. Negative rates are the one policy option Fed officials have studiously avoided discussing in public even though they have been adopted by the European Central Bank, the Bank of Japan, the Swedish Riksbank, and of course the Swiss National Bank.

Goodfriend presented on the subject at the Federal Reserve Bank of Kansas City’s economic symposium at Jackson Hole in 2016. To Goodfriend, refusing to let nominal interest rates drop below zero is analogous to the gold standard and exchange rate pegs:

>The zero interest bound is an encumbrance on monetary policy to be removed, much as the gold standard and the fixed foreign exchange rate encumbrances were removed, to free the price level from the destabilizing influence of a relative price over which monetary policy has little control—in this case, so movements in the intertemporal terms of trade can be reflected fully in interest rate policy to stabilize employment and inflation over the business cycle.


t. https://ftalphaville.ft.com/2017/06/02/2189711/one-of-trumps-potential-fed-picks-is-a-huge-fan-of-negative-interest-rates/
>>
>>128379012
I'm starting to think you're trying to slide this thread. You clearly aren't from /pol/ and your motives are questionable since you don't know what you're talking about.
>>
>>128371755
>leafs
>>
>>128379307
>Of course, deeply negative interest rates are difficult to impose when paper money exists as an alternative. Even after costs of storage, the effective lower bound probably isn’t much below -1 per cent. Goodfriend’s proposed solution to this challenge is truly radical (emphasis ours):
>>
>>128379479
>The zero bound encumbrance on interest rate policy could be eliminated completely and expeditiously by discontinuing the central bank defense of the par deposit price of paper currency. The central bank would still stand ready to exchange bank reserves and commercial bank deposits at par; and it could stand ready to convert different denominations of paper currency at par. However, the central bank would no longer let the outstanding stock of paper currency vary elastically to accommodate the deposit demand for paper currency at par.
Instead the central bank could grow the aggregate stock of paper currency according to a rule designed to make the deposit price of paper currency fluctuate around par over time. The paper currency growth rule would utilize: i) historical evidence relating currency demand to GDP, ii) the estimated interest opportunity cost sensitivity of the demand for currency relative to GDP, and iii) the GDP growth rate.
The reason to abandon the pegged par deposit price of paper currency is analogous to the aforementioned reasons for abandoning the gold standard and fixed exchange rate: it is to let fluctuations in the deposit demand for paper currency be reflected in the deposit price of paper currency so as not to destabilize the general price level…The deposit price of paper currency would adjust flexibly much as floating exchange rates adjust to equilibrate the foreign exchange market when international interest rates differ from each other. More relevant, the flexible deposit price of paper currency would behave as it actually did when the payment of paper currency for deposits was restricted in the United States during the banking crises of 1873, 1893, and 1907.
>>
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>>128379012
I know how /pol/ works I've been on it since 2011, it's a massive cesspool of shit and the only way to make a thread that survives is by using radical shitposting, if I made a thread about the economy using data and posting graphs and shit it would get maybe a couple replies then die, you're obviously a newfag if you think /pol/ isn't complete garbage now

Hold on let me make a nu/pol/ thread about the economy

>twitter screencap of donald trump saying some shit about GDP growth
>blumpff BTFO
>250 replies
>>
>>128371755
>#12 Over the past 12 months, the number of homeless people living in Los Angeles County has risen by a staggering 23 percent.

As an idiot who continues to live in southern california for some reason, the reason homelessness is on the rise is because our fucking bleeding heart liberal laws for the poor and drawing the homeless populations of OTHER FUCKING STATES
>>
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>>128379497
In other words, the value of a paper dollar would no longer be guaranteed. It may say $10 on the front but if the policy rate were -10 per cent the piece of paper would only be worth $9. Here’s his conclusion (emphasis ours):

If the zero bound were removed completely, then interest rate policy could enable the public to enjoy the benefits of a fully stable purchasing power of money. Credibility against inflation is tied to credibility against deflation—the central bank would no longer shrink from action against inflation for fear of having to fall back with little room to act against recession…With inflation credibly under control, the public could safely hold long term nominal bonds free of inflation risk and minimize its exposure to negative short term interest rates.
Thus, we can imagine a mutually reinforcing equilibrium in which the public extends the maturity of its savings and the central bank with the public’s support is free to pursue negative nominal interest rate policy on occasion to act against a deflationary contraction in employment and output. The idea of negative nominal interest rates takes some getting used to, but it should be possible to persuade the public that such flexibility is well worth it to provide better employment security and more secure lifetime savings.
>>
>>128379397
Fuck off shill, all your post has been defending this slide thread

>>128379551
>Thinking that this is about post quality or content
Unlike newfags, I do take the time to read and see what is posted. What I have notice is that you seem to not back up any of your claims nor respond to anything else.
This isn't /b/ you mongoloid.

This is still a slide thread.
>>
>>128379752
>Alphaville looks forward to these ideas being discussed in Goodfriend’s confirmation hearings.

I don't know enough to make an educated decision on the matter, but I don't think the global economy would collapse if it were to happen.
>>
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anyone else used to skip across only the same color tiles on the floor of the mall?

that mall is gone now
>>
great slide thread desu

trying to make us forget seth rich and the london attack already
>>
Did you really think (((they))) would let us salvage the economy without a fight? They went through a lot of trouble to turn it into a time bomb.
>>
So staying a NEET all these years was worth it?! It didn't matter getting a job anyway?!
>>
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>>128379915
I think malls are just going to be mostly abandoned buildings full of fidget spinner kiosks.

The one I went to today seemed half way there.
>>
>>128371755
>Radio Shack and Payless
Oh no better stock up on can goods and ammo

Stfu leaf
>>
>>128371755
American debt based economy is a meme that needs to die soon.
>>
>>128373520
The DOW is up 7% year to date. Moron
>>
>>128373520
>“The stock market went up, and they were like, ‘Yes, actually, I don’t understand why I was against him all year long.’” – Peter Thiel to the NYT

indices aren't that volatile you idiot, 5% a year is a good year.
>>
>>128374033
At market bottom put all money in $SPY (tracks the S&P 500) then wait 5-10 years.

For example:
SPY was $68.92 on March 6 2009
SPY closed Friday June 2 2017 at $244.17
>>
>>128380413
fidget whos?

theres got to be some kind of illuminati symbolism behind that thing

these things dont just appear out of nowhere
>>
I've lived through a lot of predictions.
This is just one more that won't come true.
>>
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>>128381060
>>
Here's some fun news from Zimbabwe.

http://mobile.reuters.com/article/idUSKBN13K1J2
>>
>>128371755
>US ECONOMY ON VERGE OF TOTAL COLLAPSE
>#1 According to Challenger, the number of job cuts in May was 71 percent higher than it was in May 2016.
Is Challenger some faggot Canadian liberal rag?
>#2 We just witnessed the third worst drop in U.S. construction spending in the last six years.
Slips from a record high.
>#3 U.S. manufacturing PMI fell to an 8 month low in May.
Went from 52.8 to 52.7. OH FUCK!
>#4 Financial stocks have lost all of their gains for the year, and some analysts are saying that this is “a terrible sign”.
U.S. Stock "fear gauge" at historical low. Faggot detected. Stocks still at records.
>#5 One new survey has found that 39 percent of all millionaires “plan to avoid investing in the coming month”. That is the highest that figure has been since December 2013.
One new survey. KYS
>#6 Jobless claims just shot up to a five week high of 248,000.
236k versus projected 245k. KYS
>#7 General Motors just reported another sales decline in May, and it is being reported that the company may be preparing for “more job cuts at its American factories”.
Drop 3 percent. HOLY FUCK!!!
>#8 After an initial bump after Donald Trump’s surprise election victory, U.S. consumer confidence is starting to fall.
starting... KYS
>#9 Since Memorial Day, Radio Shack has officially shut down more than 1,000 stores.
That store should have been closed decades ago. This has been talked about for YEARS. KYS.
>#10 Payless has just increased the number of stores that it plans to close to about 800.
Payless is a shit store with nigger-tier shoes. Good riddance.
>#11 According to the Los Angeles Times, it is being projected that 25 percent of all shopping malls in the United States may close within the next five years.
Amazon.com
>#12 Over the past 12 months, the number of homeless people living in Los Angeles County has risen by a staggering 23 percent.
Liberal faggots like OP.
>>
>>128382910
>>#3 U.S. manufacturing PMI fell to an 8 month low in May.
>Went from 52.8 to 52.7. OH FUCK!


The manufacturing sector is clear skies all around from what I just read.
>>
>>128374622
You are the worst kind of poster and I hope you get ass cancer
>>
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SLIDE THREAD SLIDE THREAD SLIDE THREAD THIS IS NOT A DRILL

SHAREBLUE IS TRYING TO GET YOU TO STOP TALKING ABOUT THE MUSLIM TERRORIST ATTACK

SLIDE THREAD SLIDE THREAD SLIDE THREAD THIS IS NOT A DRILL

SHAREBLUE IS TRYING TO GET YOU TO STOP TALKING ABOUT THE MUSLIM TERRORIST ATTACK

SLIDE THREAD SLIDE THREAD SLIDE THREAD THIS IS NOT A DRILL

SHAREBLUE IS TRYING TO GET YOU TO STOP TALKING ABOUT THE MUSLIM TERRORIST ATTACK

SLIDE THREAD SLIDE THREAD SLIDE THREAD THIS IS NOT A DRILL
>>
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>>128384867
Holy fucking shit you're a retard

Turn on any mainstream media and you'll see the terrorist attack, but huuuuur duuuuuuur /pol/ mustn't know about it! DUUUUURR

lmao @ u anti-shill shills
>>
>>128371755
Get a fucking job, Mohammed! Sucking on muslim cock is not considered work.

Leafs are the biggest pieces of shit in the world. Their whole country is formed of SJWs and they're all becoming islamists.

KILL YOURSELF LEAF
>>
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>>128372630
Muh Yankee candle co.
>>
>>128371755
>Flag

This is some shit work. Payless and Radioshack are dinosaurs in the age of Ecommerce. Also just because people aren't spending their shekels at shit-tier stores, doesn't mean the real GDP is contracting.

You also confuse recession with financial collapse. Unless you know what the exact driver will be, you're full of shit or retarded
>>
>>128371755
>>
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Had me going for a second, until I saw the flag
Thread posts: 161
Thread images: 38


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