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Dopers_Greed

(2,640 posts)

7. The vicious cycle begins

Reply to BumRushDaShow (Original post)

Fri Sep 6, 2019, 09:22 AM

Sep 2019

Bad economic news means that people will have less "consumer confidence" and spend less.

Which will cause companies will go heavy on layoffs, causing even more damage.

Both mean that no one will be able to pay down the massive amounts of debt that's out there, crashing the economy yet again.

Good thing we have the "King of Debt" steering the ship.

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Highlight:

U.S. economy adds just 130,000 jobs in August amid worries [View all] BumRushDaShow Sep 2019 OP

Business investment is down bucolic_frolic Sep 2019 #1

Manufacturing orders have dropped a lot also, another early and clear sign duforsure Sep 2019 #6

I can just see it now durablend Sep 2019 #2

A "Service Economy" where fewer and fewer people can afford the services. KY_EnviroGuy Sep 2019 #3

The news this morning is also that more than 20,000 of those jobs are temporary. Lonestarblue Sep 2019 #4

June and July were revised down by a combined 20,000, so only 110,000 more jobs progree Sep 2019 #5

Thank you and good morning! BumRushDaShow Sep 2019 #8

The vicious cycle begins Dopers_Greed Sep 2019 #7

WH: "this month's job growth is nearly ten times higher than the job growth CBO had anticipated...." mahatmakanejeeves Sep 2019 #9

OMG BumRushDaShow Sep 2019 #11

August hiring boosted by 25,000 workers for the 2020 Census..? Grins Sep 2019 #10

Since previous months have already been revised downwards BumRushDaShow Sep 2019 #12

And they revised June and July downward by a combined 20,000, so we only have progree Sep 2019 #13

I heard awhile back that we need 250k jobs created ea. month just to keep up w/pop. growth. n/t area51 Sep 2019 #14

Never heard a number that high. progree Sep 2019 #15

If Obama didn't add 250k per month he was TRASH TALKED by Republicans........ Bengus81 Sep 2019 #16

EXACTLY BumRushDaShow Sep 2019 #17

And 2018 and 2019 was even more anemic than 2017. (that graph only goes out to Feb 2018) progree Sep 2019 #19

These numbers will be revised downward. BlueIdaho Sep 2019 #18

+1 CountAllVotes Sep 2019 #20

Analysis: Weaker job report in August 'cements' a Fed interest-rate cut in two weeks mahatmakanejeeves Sep 2019 #21

"He sees growth running at a 1.5% annual rate in the third quarter, down from a 2.5% pace" BumRushDaShow Sep 2019 #23

What % of those jobs are permanent with healthcare benefits? Brainfodder Sep 2019 #22

Links to earlier reports: mahatmakanejeeves Sep 2019 #24

Thank you!! BumRushDaShow Sep 2019 #25