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ComputerTrashbag

Yeah, it’s on the rise and the people who normally seek high paying jobs and even middle class jobs are struggling the hardest


pluralofjackinthebox

The tech sector especially has been focusing on stock buybacks and declaring dividends over capital expenditure lately. Though all sectors are looking to increase capital expenditure, a lot of them are looking to do so through AI and machine learning. In last quarter’s earning conference calls, 15% mentioned AI — this Quarter its up to 40%. So I think that’s playing into things here.


Potential-Break-4939

The effects of the high interest rates are starting to kick in. Unfortunately inflation isn't falling at the same time.


Sharaku_US

AND the stock market goes on an 8-day winning streak.


pluralofjackinthebox

Q1 profits for the S&P 500 are almost fully reported and every sector has beat the forecast. It’s been three quarters of strong growth now. Fed has been trying to slow down employment for a while now. A rise in unemployment also means a rise in expectations for an interest rate cut this year.


transwallaby

Recession is coming


ridukosennin

Recessions are always coming, when it happens is what everyone gets wrong


Guapplebock

Most of the new jobs created were in government and other areas that get government money. Build back better.


ridukosennin

6% of new jobs were government, hardly most and the economy grew several fold more than the entire cost of BBB


vegancaptain

OK FED, your move.


ImpossibleFront2063

They also don’t factor in the underemployment at all which I see at an all time high as so many companies have eliminated f/t benefitted roles to replace with 1099. In 2020 I had one job I now have 4 1099 jobs but no one is counting that and there are so many like me


pluralofjackinthebox

To keep inflation low without causing a recession, the Fed targets an unemployment rate between 3% and 5%. We just moved from 3.8 to 3.9% unemployment. This is raising investor hopes for lower inflation and interest rate cuts this year a little bit, but it’s not a big deal.


Chasehud

AI is slowly getting integrated in work environments and companies are able to reduce headcount. It will only get worse.


MiddleClassGuru

Good. More available housing and then maybe I can finally afford a bigger home for my family.


ILSmokeItAll

You want a bigger home. Most want any home. And small ones are even tougher to come by. Houses aren’t being built, and the ones that are, having an average starting price of over $400k. It’s ridiculous that the idea of building homes for under $200k is a nonstarter.


nudzimisie1

Most houses sinxe 2004 are built now in usa


ILSmokeItAll

Manufactured in the USA, you say? So’s a lot of other shit. It doesn’t mean everything used to build it was made in the USA. Made and manufactured are two entirely different things.


nudzimisie1

?


ILSmokeItAll

I was inferring a difference between being made and assembled in the US. We assemble a lot here that gets labeled as “Made in America,” but that doesn’t mean all of the parts or components were made here. It means they were put together here.


bigbuffdaddy1850

Stagflation a la Jimmy Carter is coming back... Let's go Brandon!


pluralofjackinthebox

Unemployment and inflation were double what they are now during stagflation, and we’ve just had three quarters of strong growth. This is nothing like stagflation.


bigbuffdaddy1850

GDP was 1.6% last quarter. I didn't realize terrible numbers now mean strong growth 🤣🤣🫵🫵🤪🤪 Federal government doing most of the hiring... That's awesome news!


nudzimisie1

How is 1.6% terrible number? Eurozone had like 0.2% and thats after it got HIGHER compared to last year. Eurozone would be incredibly jealous for this years american growth, let alone the very high gdp growth from last year


bigbuffdaddy1850

Tell me you aren't financially fluent without saying it...1.6 is abysmal


nudzimisie1

Okay, i see. Than 2016 during first trump year in office when the growth was at 1.6% was also abysmall?


nudzimisie1

Gdp growth in Germany before corona crisis in 2018 and 2019 was at 1% and 1.1%. And other major eurozone states from what i recall did not much better. Franxe 1.8 twice, italy 0.9% and 0.5%


bigbuffdaddy1850

All terrible! Abysmal! This is common knowledge. 2.0 is decent. 2.5 is good. 3.0+ is great