With guaranteed rates at 4.5% in some savings accounts or over 5% in 3 month or 6 month t-bills, there's absolutely no reason to re-enter the stock market. I'll continue to sit on the sidelines and wait for buying opportunities when we are around the trough of the inevitable downturn/crash.
Of the 300K or so “jobs” added 20 some thousand were government jobs. The big lie was counting part-time employment scenarios as jobs gained. Most of those were in the service/entertainment areas. Hidden in all the smoke was the estimated loss of 20,000 full-time career level jobs.
Peter, you need to do some homework on the jobs number. A nice slice of the 300,000 were government jobs. Second, an even bigger slice was part-time positions either taken by full-timers trying to make ends meet with a second income, or the double, triple part-time job
workers doing the same. You know our government friends like to count jobs this way. From what I can tell there was a net loss of roughly 20,000 full-time positions.
Even more reason to have given McCarthy the boot! 300k government jobs!! Gaetz, in booting faithless McCarthy and holding firm on single item appropriations, is paving the way to fiscal responsibility, transparency and the destruction of failed government programs. Do not be fooled by the spin. The 8 are not reckless rebels. Gaetz, Rosendale, Good, Buck etc...are "David" types fighting the Goliath of the Administrative State and it's temple prostitutes...politicians who exist to proliferate the system rather than liberty.
Everyone should watch the final three minutes of Biden's remarks today on the jobs report.
It really demonstrates his sad cognitive decline. The video is on YouTube here: https://www.youtube.com/watch?v=V2n-Qpts9TE . The final three minutes are from about 15:50 to the end.
Here is a rough transcript from the YouTube closed caption of his remarks.
Reporter's question: Mr President you started your remarks here today by saying it was good news today with the economic report why do you think most people still don't feel positive or feel good news about the economy?
Biden's reply: Well first of all you just heard the news today too they haven't heard it I think the people those 300 plus thousand people who got jobs feel better about the economy. I look I got to choose my words here you all are not the happiest people in the world what you report and I mean it sincerely it gets a more little you get more legs when you're reporting something as negative I don't mean I don't mean you're picking on me I'm just the nature of things you turn on the television and there's not a whole lot about boy saves dog as he swims in the lake you know to say you know it's about you know somebody pushed the dog in the lake I mean I I I get it but if you just listen to what's going on around the world there's reason for people to be concerned there's reason for people to be concerned what's going on with in Russia reason be concerned about what's going on in other parts of the world I think that the American people are smart as hell and KN what their interests are I think they know they're better off financially than they were before it's a fact and all the all that data all that polling Stuff shows they think they're more positive about the economy than they've been more positive about their jobs Etc um I just think if you let me put this way if you just watch what happened last week in the Congress how excited are you going to be about much man anyway why not legally try to challenge instruction are you going to wait till there's a speaker to make a speech on Ukraine…
By the way, a local radio talk show host asked who should be the new speaker of the house and I put your name in the ring. You'd sure make the sh-t fly.
EVERYTING IS WRONG WITH OUR WEAK MINDED GOVT., BIDENS REGIME ETC.,, -- NOTHING IS WRONG WITH THE DOLLAR NOTHING IS WRONG WITH THE RAINBOW OR MANY OTHER NATURAL THINGS GIVEN TO US BY OUR LORD ALMIGHTY, ,, IT IS THE EVIL DECEIVING BLASPHEMOUS ABOMINATIONS OF THE WORLD THAT THROWS THESE EVIL WEAK MINDED PLOYS AND AGENDUHS OUT THERE FOR EVIL WEAK MINDED AS THEMSELVES TO FOLLOW AND BE AFRAID
Are you transferring 401K into cash reserves? I’ve been moving mine more and more conservative for 2 years now and had most of it in bond funds until just recently so this last year of gains was nearly non existent at ~2%. The 401K cash capital reserves doesn’t pay any gains so I don’t see an upside other than less risk of losing money, but no chance for gains. I can’t move it out of my 401K to a long term savings account unless I’m okay with not being able to move it back. Thoughts?
With guaranteed rates at 4.5% in some savings accounts or over 5% in 3 month or 6 month t-bills, there's absolutely no reason to re-enter the stock market. I'll continue to sit on the sidelines and wait for buying opportunities when we are around the trough of the inevitable downturn/crash.
Of the 300K or so “jobs” added 20 some thousand were government jobs. The big lie was counting part-time employment scenarios as jobs gained. Most of those were in the service/entertainment areas. Hidden in all the smoke was the estimated loss of 20,000 full-time career level jobs.
70K new government jobs added, 20K full time jobs LOST, and the vast majority of “new” jobs were part time.
Peter, you need to do some homework on the jobs number. A nice slice of the 300,000 were government jobs. Second, an even bigger slice was part-time positions either taken by full-timers trying to make ends meet with a second income, or the double, triple part-time job
workers doing the same. You know our government friends like to count jobs this way. From what I can tell there was a net loss of roughly 20,000 full-time positions.
Even more reason to have given McCarthy the boot! 300k government jobs!! Gaetz, in booting faithless McCarthy and holding firm on single item appropriations, is paving the way to fiscal responsibility, transparency and the destruction of failed government programs. Do not be fooled by the spin. The 8 are not reckless rebels. Gaetz, Rosendale, Good, Buck etc...are "David" types fighting the Goliath of the Administrative State and it's temple prostitutes...politicians who exist to proliferate the system rather than liberty.
Everyone should watch the final three minutes of Biden's remarks today on the jobs report.
It really demonstrates his sad cognitive decline. The video is on YouTube here: https://www.youtube.com/watch?v=V2n-Qpts9TE . The final three minutes are from about 15:50 to the end.
Here is a rough transcript from the YouTube closed caption of his remarks.
Reporter's question: Mr President you started your remarks here today by saying it was good news today with the economic report why do you think most people still don't feel positive or feel good news about the economy?
Biden's reply: Well first of all you just heard the news today too they haven't heard it I think the people those 300 plus thousand people who got jobs feel better about the economy. I look I got to choose my words here you all are not the happiest people in the world what you report and I mean it sincerely it gets a more little you get more legs when you're reporting something as negative I don't mean I don't mean you're picking on me I'm just the nature of things you turn on the television and there's not a whole lot about boy saves dog as he swims in the lake you know to say you know it's about you know somebody pushed the dog in the lake I mean I I I get it but if you just listen to what's going on around the world there's reason for people to be concerned there's reason for people to be concerned what's going on with in Russia reason be concerned about what's going on in other parts of the world I think that the American people are smart as hell and KN what their interests are I think they know they're better off financially than they were before it's a fact and all the all that data all that polling Stuff shows they think they're more positive about the economy than they've been more positive about their jobs Etc um I just think if you let me put this way if you just watch what happened last week in the Congress how excited are you going to be about much man anyway why not legally try to challenge instruction are you going to wait till there's a speaker to make a speech on Ukraine…
It's better to watch the actual video:
https://www.youtube.com/watch?v=V2n-Qpts9TE
By the way, a local radio talk show host asked who should be the new speaker of the house and I put your name in the ring. You'd sure make the sh-t fly.
EVERYTING IS WRONG WITH OUR WEAK MINDED GOVT., BIDENS REGIME ETC.,, -- NOTHING IS WRONG WITH THE DOLLAR NOTHING IS WRONG WITH THE RAINBOW OR MANY OTHER NATURAL THINGS GIVEN TO US BY OUR LORD ALMIGHTY, ,, IT IS THE EVIL DECEIVING BLASPHEMOUS ABOMINATIONS OF THE WORLD THAT THROWS THESE EVIL WEAK MINDED PLOYS AND AGENDUHS OUT THERE FOR EVIL WEAK MINDED AS THEMSELVES TO FOLLOW AND BE AFRAID
I'm glad I'm not the only one awake out here!
Are you transferring 401K into cash reserves? I’ve been moving mine more and more conservative for 2 years now and had most of it in bond funds until just recently so this last year of gains was nearly non existent at ~2%. The 401K cash capital reserves doesn’t pay any gains so I don’t see an upside other than less risk of losing money, but no chance for gains. I can’t move it out of my 401K to a long term savings account unless I’m okay with not being able to move it back. Thoughts?