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Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1

Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

I see, regulations....and health care reforms...are causing demand restrictions.

As usual, supply-siders can't identify the issue within the economy.

no we understand what is stopping the demand.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

A relevant and very informative poll:

Poll Results | IGM Forum

The idea is hardly a contentious one among those who actually study this stuff for a living :shrug:

Bank of Japan risks QE failure: Economist

" The unprecedented quantitative easing (QE) program the Bank of Japan launched last year to revive the country's stalled economy could be at risk of failure, Oxford Economics says.
"Economic activity has indeed picked up since the QE program began early last year, but there are now serious warning signs that this progress may not be maintained," Adam Slater, senior economist at Oxford Economics wrote in a report."

Forget Cyprus, Japan Is The Real Crisis - Forbes

"Forget Cyprus. A much bigger story in the coming weeks and months will be in Japan, where one of the greatest economic experiments in the modern era is about to begin. A country where government debt even dwarfs those of Europe’s crisis-ridden nations, Japan will attempt to inflate its way out of a 23-year deflationary spiral.

The overwhelming consensus among the world’s economists is that quantitative easing (QE) has saved the day in the U.S. and that Japan needs to follow suit, on a larger scale. "


Japan's Lost Decade: Lessons from Japan's Economic Failure


It's been tried before. I mean how blinded by Political ideology do you have to be to ignore one of the most glaring examples of the failures of Fiscal stimulus ?

I mean, Japan has it's own sovereign currency and everything. The wen't through 10, TEN stimulus packages in the 90's and now are forced to tank their currency with monetary stimulus and force their interest rates down to almost nothing because just a couple of ticks up on interest rates and they would be for all intensive purposes bankrupt.

That's great news for all of the holders of Japanese bonds. ( That's the Japanese people )

Oh that's right, the MMT'ers here at DP claim a Nation with it's own sovereign currency CAN'T go bankrupt. Well then Japan would be forced to float their worthless currency and the savings for millions of Japanese citizens would be wiped out.

How about we abandon the insanity of backing a failed economic agenda because we're ideologically predisposed to it and do things that work for a change.

Because your'e seeing the results of ideology over functionality not only in Japan but here, in the States.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Reduce the barriers to creating them, and seek to increase the profit margin from doing so.
What barriers are there to demand that profit margins will effect?
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

no we understand what is stopping the demand.
Spell it out, how are "regulations" negatively effecting demand?
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Sure, the vast numbers of consumers have cut back because of the lack of "confidence fairies", not because of declines in household wealth or real wage declines.

Excellent analysis....confidence fairies.

Japan? We shouldn't do infrastructure now because Japan did it in the 90's?

FFS fen, you have little understanding of the current US situation...and you think a distraction to an economy you less about makes for good argument?

We know that the very small level of actual infrastructure funding in the ARRA had a big return.....but this talk is just talk....funding will not come out of Congress. So not only is it pointless to debate you on DEMAND (since you think the issue is confidence fairies), it is even more pointless to expect a direct solution to demand via infrastructure spending.

The Confidence " fairies " ??

Did YOU author that FED article ??

And a lack of consumer confidence is a far more accurate analysis than the rhetoric that's coming out of the White House.

And no, we shouldn't buy into the whole " recovery through infrastructure spending " clap trap at all.

For one, Obama already promised infrastructure and shovel ready jobs 6 years ago......he lied. So there's no reason to hand that guy another few hundred billion dollars

It's like asking the local crack addict to make your bank deposits for you.

Second, for a variety of reasons, it won't do a thing for our continued economic problems. For one thing Keynesian fiscal stimulus just DOESN'T WORK.

It's money thrown down the drain ( Obama's Green Job's initiative ) and it doesn't address the real issues that are causing our extended economic misery.

And yes, we SHOULD learn from the valuable examples of the failures of rampant deficit spending where-ever they occur.

There's no reason not to, unless those failures contradict your Political ideology and in that case your just bending to a type of self imposed delusion.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

"Bank of Japan risks QE failure: Economist"


It's been tried before. I mean how blinded by Political ideology do you have to be to ignore one of the most glaring examples of the failures of Fiscal stimulus ?

QE=Fiscal stimulus

Only in Fentonland
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

lack of consumer confidence is a far more accurate analysis
Well, unless you are authoring FED articles, go ahead and provide documentation, links.....anything other than your sayso.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Bank of Japan risks QE failure: Economist

" The unprecedented quantitative easing (QE) program the Bank of Japan launched last year to revive the country's stalled economy could be at risk of failure, Oxford Economics says.
"Economic activity has indeed picked up since the QE program began early last year, but there are now serious warning signs that this progress may not be maintained," Adam Slater, senior economist at Oxford Economics wrote in a report."

Forget Cyprus, Japan Is The Real Crisis - Forbes


"Forget Cyprus. A much bigger story in the coming weeks and months will be in Japan, where one of the greatest economic experiments in the modern era is about to begin. A country where government debt even dwarfs those of Europe’s crisis-ridden nations, Japan will attempt to inflate its way out of a 23-year deflationary spiral.

The overwhelming consensus among the world’s economists is that quantitative easing (QE) has saved the day in the U.S. and that Japan needs to follow suit, on a larger scale. "


Japan's Lost Decade: Lessons from Japan's Economic Failure


It's been tried before. I mean how blinded by Political ideology do you have to be to ignore one of the most glaring examples of the failures of Fiscal stimulus ?

I mean, Japan has it's own sovereign currency and everything. The wen't through 10, TEN stimulus packages in the 90's and now are forced to tank their currency with monetary stimulus and force their interest rates down to almost nothing because just a couple of ticks up on interest rates and they would be for all intensive purposes bankrupt.

That's great news for all of the holders of Japanese bonds. ( That's the Japanese people )

Oh that's right, the MMT'ers here at DP claim a Nation with it's own sovereign currency CAN'T go bankrupt. Well then Japan would be forced to float their worthless currency and the savings for millions of Japanese citizens would be wiped out.

How about we abandon the insanity of backing a failed economic agenda because we're ideologically predisposed to it and do things that work for a change.

Because your'e seeing the results of ideology over functionality not only in Japan but here, in the States.
Spamming articles referring mostly to the failure of Japanese monetary policy won't cut it. We've got all sorts of data and experience that speaks to the growth that accompanies heightened levels of infrastructure spending here at home:

Federal Reserve Bank San Francisco | Research, Economic Research, Federal Grants, Government Spending, Infrastructure, American Recovery and Reinvestment Act |

https://www.economy.com/mark-zandi/documents/Small Business_7_24_08.pdf

http://www.whitehouse.gov/sites/default/files/microsites/CEA-3rd-arra-report.pdf

If anything, the opposition to these ideas seems to be rooted in the political, rather than the economic arena. There's simply no credible data that would suggest heightened levels of spending in these areas to be ineffective.
 
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Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Spell it out, how are "regulations" negatively effecting demand?

regulations prevent businesses from expandin when they normally would. they cost businesses money which means either lower pay or less jobs that would normally be created.
this means less money being generated for workers which leads to less demand.

also more regulations that cost money means less pay raises. which again leads to less money.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

regulations prevent businesses from expandin when they normally would. they cost businesses money which means either lower pay or less jobs that would normally be created.
this means less money being generated for workers which leads to less demand.

also more regulations that cost money means less pay raises. which again leads to less money.
Cart before the horse....businesses will not hire until demand increases, they have no incentive to hire NOW because demand is low. You have to increase demand BEFORE hiring will happen.

Stop standing on your head.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Cart before the horse....businesses will not hire until demand increases, they have no incentive to hire NOW because demand is low. You have to increase demand BEFORE hiring will happen.

Stop standing on your head.

Jeez - this is probably why you are one my ignore list.

You ask the guy a specific question.

He gives you a relatively detailed answer to that question.

Then you ignore his answer and write it off with some tired cliche - 'cart before the horse'.

If you were not going to spend any energy on the answer - why ask him in the first place (don't bother answering - the question is rhetorical)?

:roll:
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Jeez - this is probably why you are one my ignore list.

You ask the guy a specific question.

He gives you a relatively detailed answer to that question.

Then you ignore his answer and write it off with some tired cliche - 'cart before the horse'.

If you were not going to spend any energy on the answer - why ask him in the first place (don't bother answering - the question is rhetorical)?

:roll:
It wasn't a detailed answer, it was standard RW supply-side pablum. His fatal mistake was implying that this recovery was a "normal" economic time.

It isn't.

And as far as "ignoring", why in the hell would you respond to a post I made to someone else, when even in this thread there are responses to YOUR OWN POSTS BY ME?

Not only do your posts make little sense, your choice of posts to respond to make even less.


And then when you DO respond.....you don't counter the argument (probably because you can't or because YOU DID NOT READ THE RESPONSE OR THINK ABOUT IT) but instead WHINE about not giving someone else a fair shake.

If this is your best, do put me on ignore, what a waste of time your posts are.
 
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Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

regulations prevent businesses from expandin when they normally would. they cost businesses money which means either lower pay or less jobs that would normally be created.
this means less money being generated for workers which leads to less demand.
Apparently, you haven't noticed that corporations are making record profits during the Obama years.

The idea that government policies are somehow stifling commerce and/or profits is clearly not based on the evidence.

Corporate Profits Hit New Highs - Forbes

Why are US corporate profits so high? Because wages are so low | MacroScope

Profits.jpg


corpprofit.jpg




also more regulations that cost money means less pay raises. which again leads to less money.[/QUOTE]
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

QE=Fiscal stimulus

Only in Fentonland


Nice selective quoting you've done there.

Why not quote the link about their 10 different Stimulus packages I posted ?

And yes, they entered into Monetary Stimulus to " fix " what couldn't be fixed by borrowing 10 Trillion Yen and spending loads of it on " infrastructure "

No really, they're just putting off the inevitable by driving down their interest rates to near zero so their debt service amount doesn't equate to 80 percent of their budgeted expenses.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Apparently, you haven't noticed that corporations are making record profits during the Obama years.

The idea that government policies are somehow stifling commerce and/or profits is clearly not based on the evidence.

Corporate Profits Hit New Highs - Forbes

Why are US corporate profits so high? Because wages are so low | MacroScope

Profits.jpg


corpprofit.jpg




also more regulations that cost money means less pay raises. which again leads to less money.
[/QUOTE]

Its not due to an increase in demand, thats for sure.

I mean its not due to any conventional means that they're posting these profits.

Lower operating cost, lots of cheep to near free credit and shares that are artificially inflated thanks to perpetual QE.

Their decision NOT to take those profits and use them for expansion is a glaring indictment on the policies of the Obama administration.

They've decided to use some of those profits to buy back shares and the rest they're sitting on.

That money is stagnant NOT because Corporations are greedy money hogs. Its stagnant because its too risky for them to risk their principle in a Obama economy.

In States that have incentivized new investment they ARE spending some if those profits by expanding.

But those types of Business friendly principles run counter to the retarded Progressive notion that success, profits and wealth creation should be penalized.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Cart before the horse....businesses will not hire until demand increases, they have no incentive to hire NOW because demand is low. You have to increase demand BEFORE hiring will happen.

Stop standing on your head.

LOL

typical ad hominem.

i can't refute anything so i will just go on the attack.

no businesses expand to make more money to take up more market. therefore increasing demand by introducing themselves into new markets.
right now they have no reason to expand because the ROR on expansion is low. what makes it low? all the bloody government regulations.

obama's regulations have cost businesses billions of dollar of which they could have expanded with and built jobs with.
no instead all that money was wasted on government compliance.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Apparently, you haven't noticed that corporations are making record profits during the Obama years.

The idea that government policies are somehow stifling commerce and/or profits is clearly not based on the evidence.

Corporate Profits Hit New Highs - Forbes

Why are US corporate profits so high? Because wages are so low | MacroScope

Profits.jpg


corpprofit.jpg




also more regulations that cost money means less pay raises. which again leads to less money.
[/QUOTE]

That money they are pretty much sitting on and not spending.
or at least not spending it in major ways like they were.

Why Are U.S. Corporations Still Hoarding $1.5 Trillion in Cash? - DailyFinance
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

That money they are pretty much sitting on and not spending.
Corporations don't make profits by sitting on cash.

More importantly: Did you not read the link you yourself posted?

"....looking at Moody's data we see that while corporations did tighten their grip on their cash during the downturn, now, they're spending again. From 2006 through mid-2013, capital spending at American nonfinancial corporations has grown 45 percent to $868 billion annually at last report. Annual dividend payouts by such companies have grown in tandem, up 43.5 percent to $366 billion annually."

Your own source states that one reason companies are hoarding cash, mostly abroad, for tax reasons. Since Obama didn't actually increase or redesign corporate taxes (in fact, he put in some small tax breaks), it makes no sense to blame him for their decisions.

Another reason is because the cash they are sitting on is actually borrowed. It's cheap to borrow, so why not have a bigger cushion, in case they need it?

The only way that government is negatively affecting unemployment rates or the labor market is by cutting back on government (public sector) jobs.

Private+vs+Public+Jobs.jpg


92921803-job-growth.jpg
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Corporations don't make profits by sitting on cash.

More importantly: Did you not read the link you yourself posted?

"....looking at Moody's data we see that while corporations did tighten their grip on their cash during the downturn, now, they're spending again. From 2006 through mid-2013, capital spending at American nonfinancial corporations has grown 45 percent to $868 billion annually at last report. Annual dividend payouts by such companies have grown in tandem, up 43.5 percent to $366 billion annually."

Not according to a report from the Fed they aren't.

'During the first and second quarters of 2014, the velocity of the monetary base2 was at 4.4, its slowest pace on record. This means that every dollar in the monetary base was spent only 4.4 times in the economy during the past year, down from 17.2 just prior to the recession. This implies that the unprecedented monetary base increase driven by the Fed’s large money injections through its large-scale asset purchase programs has failed to cause at least a one-for-one proportional increase in nominal GDP. Thus, it is precisely the sharp decline in velocity that has offset the sharp increase in money supply, leading to the almost no change in nominal GDP (either P or Q).'

What Does Money Velocity Tell Us about Low Inflation in the U.S.? | St. Louis Fed On the Economy
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Apparently, you haven't noticed that corporations are making record profits during the Obama years.

The idea that government policies are somehow stifling commerce and/or profits is clearly not based on the evidence.

Corporate Profits Hit New Highs - Forbes

Why are US corporate profits so high? Because wages are so low | MacroScope

Profits.jpg


corpprofit.jpg




also more regulations that cost money means less pay raises. which again leads to less money.

If you analyse these profits, most of them are coming from the overseas component of these corporations. Their domestic profits are minimal (for the most part). Even Walmart is having domestic, same store sales reductions.

The emerging markets, the stock markets and luxury goods are primarily the reason (imo) for corporate profits...not a healthy domestic economy (which - of course - there isn't one).
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Nice selective quoting you've done there.

Why not quote the link about their 10 different Stimulus packages I posted ?
Uh, the 2 "examples" shown are comments on Japanese QE (which has nothing to do with US policy) after which your own comment concerned "fiscal stimulus".

Another fundamental error, another denial of error.

And yes, they entered into Monetary Stimulus to " fix " what couldn't be fixed by borrowing 10 Trillion Yen and spending loads of it on " infrastructure "

No really, they're just putting off the inevitable by driving down their interest rates to near zero so their debt service amount doesn't equate to 80 percent of their budgeted expenses.
Actually, when interest rates rise, the costs of any past bonds declines.

Let me know when you want to get back to the US, on topic, instead of your foreign diversions.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

LOL

typical ad hominem.

i can't refute anything so i will just go on the attack.

no businesses expand to make more money to take up more market. therefore increasing demand by introducing themselves into new markets.
right now they have no reason to expand because the ROR on expansion is low. what makes it low? all the bloody government regulations.

obama's regulations have cost businesses billions of dollar of which they could have expanded with and built jobs with.
no instead all that money was wasted on government compliance.
Since corporations are VERY cash rich right now, you would think that they would be the ones hiring to capture the demand you presume exists....but they are not. You assume that economic conditions are "normal".....but they are not. Your argument could be true IF demand was normal......but it is not.

Until you supply-siders come to grips with the econ conditions (that have existed over the last 6 years, does it really take that long to learn which way the wind is blowing?) you are going to keep making incorrect prescriptions.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Since corporations are VERY cash rich right now, you would think that they would be the ones hiring to capture the demand you presume exists....but they are not. You assume that economic conditions are "normal".....but they are not. Your argument could be true IF demand was normal......but it is not.

lol my arguments are true because that is how businesses operate. yep they are cash rich. they are holding about 1.5 trillion dollars.
you missed the part where the ROR on expanding is not worth it. It isn't worth it because the government has made it to expensive to expand.

some states are expanding at a rapid rate because they are giving the companies reasons to come into their states mostly through huge tax breaks.
why? because they realize the short term tax breaks = long term jobs which means more taxes.

economic situation isn't normal because the government has regulated it into that stituation.

Until you supply-siders come to grips with the econ conditions (that have existed over the last 6 years, does it really take that long to learn which way the wind is blowing?) you are going to keep making incorrect prescriptions.

Until you government people come to grips with the fact that it is the economy and businesses that generate taxes and adopt pro-business regulations and pro-business and pro-success tax structures the economy will continue in this stagnant grip that it has been in since obama took office.

he has maintained an weak 2% GDP since he took office. sorry but government doesn't create jobs like obama thinks. it is people, businesses and investment that drives jobs.
something that obama stands against.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

lol my arguments are true because that is how businesses operate. yep they are cash rich. they are holding about 1.5 trillion dollars.
you missed the part where the ROR on expanding is not worth it. It isn't worth it because the government has made it to expensive to expand....

That's total nonsense. If there was sufficent demand for a company to expand, it would expand. Remember, costs are passed on to the consumer.

The only reasons that businesses don't expand is because the market is already meeting 100% of demand. In other words, businesses are currently the correct size, and are producing about the right amount of goods and services.

If there became a void in our production system, let's say like stores couldn't keep enough beef jerky in stock, then companies would expand to start producing more beef jerky, or products which could be alternatives to beef jerky (chicken jerky?).
 
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Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Think I'll just put this here - from the most recent jobs report:

BwxkwKjIAAEt3m0.png:large


Almost 5% drop in labor force participation.
 
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