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On 10/30/2019 at 3:33 AM, The Q said:

another emails just arrived

"We’ve been talking for much of this year about economic headwinds and the need to reduce expenses. This has culminated in a decision to reduce our workforce. Today we laid off employees in each of our businesses and regions, representing about 4% of our total employee population. This is an average – our businesses have varying levels of exposure to market challenges and made decisions accordingly. "

 

One of my Vendors, a large Industrial supplier of hardware, is seriously downsizing their staff at the moment. 

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Yep, replace Trump with someone competent.  wow, that was easy.

I like the cyclops index.    If the number of cars with a missing headlight exceeds 2% the community is in recession.   

Jeff will be along shortly to correct you and say that this is all part of the Bitch Burning. What you mistakenly see as catastrophic national debt, a looming recession and a breach of long standing i

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43 minutes ago, billy backstay said:

 

One of my Vendors, a large Industrial supplier of hardware, is seriously downsizing their staff at the moment. 

We supply industrial High quality equipment, if they were to offer redundancy I'd take it, I'm only 3 years off retirement anyway. But I'm the only one doing my work in the factory, and my job has to exist as long as the factory is open..

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3 hours ago, Grrr... said:

This just in.  Ford LOVES this economy as much as GM.  New Union contract includes additional plant closures.  Just like GM.  Spin that, right wing bitches.

Cars aren't selling. Trucks and SUVs are. That said, the Fed's move is pretty telling.

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3 hours ago, Grrr... said:

This just in.  Ford LOVES this economy as much as GM.  New Union contract includes additional plant closures.  Just like GM.  Spin that, right wing bitches.

The Romeo engine plant that they've slated to close employed all of 600 employees (down from 1800 at their peak) who have been promised jobs in a nearby facility close enough that no one will have to move.  The work performed there will be picked up by other domestic plants, that is, no work is being sent offshore.  

This is about operating efficiency and not much else.

 https://www.freep.com/story/money/cars/ford/2019/10/31/romeo-engine-plant-closure-uaw-ford-tentative/4109905002/

  

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4 hours ago, Grrr... said:

This just in.  Ford LOVES this economy as much as GM.  New Union contract includes additional plant closures.  Just like GM.  Spin that, right wing bitches.

There’s no good way to spin it. Moving production elsewhere is cheaper than building here with union labor. 
 

You and I are in the same field. You know as well as I do that error proofing and robotics working together can almost eliminate the need for a large portion of skilled labor on an assembly line. That enables the CEO’s to move production to cheaper countries to pad their short term stock returns. 
 

In no way is that meant as a partisan hack reply. I’m damned pleased my company continues to expand it’s U.S. plants instead of it’s Mexican, Japanese, or Chinese ones. Oddly enough, instead of saving a few bucks on production, it builds a loyal client base which results in substantially better sales and more profit. Our customers are exactly the same target market as the pickup truck buyers, so I’d hope they realize that American made generates a rabidly loyal customer base. American in name only loses credibility fast. My car was designed in Germany, engine built in England, and assembled in Mexico. The only thing American made on my car is the Recaro seats.  And they call it a Ford...

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10 minutes ago, Monkey said:

There’s no good way to spin it. Moving production elsewhere is cheaper than building here with union labor. 
 

You and I are in the same field. You know as well as I do that error proofing and robotics working together can almost eliminate the need for a large portion of skilled labor on an assembly line. That enables the CEO’s to move production to cheaper countries to pad their short term stock returns. 
 

In no way is that meant as a partisan hack reply. I’m damned pleased my company continues to expand it’s U.S. plants instead of it’s Mexican, Japanese, or Chinese ones. Oddly enough, instead of saving a few bucks on production, it builds a loyal client base which results in substantially better sales and more profit. Our customers are exactly the same target market as the pickup truck buyers, so I’d hope they realize that American made generates a rabidly loyal customer base. American in name only loses credibility fast. My car was designed in Germany, engine built in England, and assembled in Mexico. The only thing American made on my car is the Recaro seats.  And they call it a Ford...

It's OK. Ford's not going to be a car company much longer anyway (although if it's got Recaro seats, that's the one model they will continue to build)

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54 minutes ago, Raz'r said:

It's OK. Ford's not going to be a car company much longer anyway (although if it's got Recaro seats, that's the one model they will continue to build)

I wish it were so. It’s a Fiesta ST. They killed it off here. :(
 

edit:  my theory is my fellow Americans are too fat to fit in the seats, and then there’s that whole manual transmission problem. (The engine they stuffed in it doesn’t have an auto that’ll fit in the car!)

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I’ll be the first of the righties to admit our economy isn’t booming. We’ve had to slow production and put a freeze on hiring as well.  And even though it sucks to admit, business is still booming. It’s just that the highest dollar portion of our customers are the only ones shopping. 

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17 hours ago, Dilligaf0220 said:

Seeing as how your progressive socialist police state of Canuckistan is facing another election within 24mos of the last one with an impending financial crisis...

....I would think this would be the last th'd you'd want to throw shade on.

Of which former Trumpian fuckwit are you the sock puppet?

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16 hours ago, Cal20sailor said:

The whole time screaming sissyboy, sissyboy, sissyboy...

Really explains quite a bit.  If he sets up a GoFund page to be applied towards a shrink, I'm in.  

Could what remains of his brain withstand any more shrinking?

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On 10/3/2019 at 1:34 AM, animeproblem said:

Rode home on the bus today from my union hall  (one call on the board, wire feed welder for American Bridge at the convention center, not my thing) noticed a lot less tower cranes compared to a month ago, not exactly a great indicator but since I know fuck all about finance & economics it's all I got, maybe a little chill in this capex yall speak of?

I like the cyclops index.    If the number of cars with a missing headlight exceeds 2% the community is in recession.   

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The lastest job report is a bunch of lies, Companies are either laying off or closing , but the number of workers is gaining WTF.                                                                                                  US manufacturing contracts for a third straight month

ISM Manufacturing data is also released Friday morning, and it actually may be more important since the manufacturing sector has been in decline.

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Trump celebrates 1.9 percent GDP growth. He blasted the exact same number under Obama.

The Greatest Economy in American History!
 Seven years ealier same GDP
 
Q1 GDP has just been revised down to 1.9%  The economy is in deep trouble.

3:24 PM - May 31, 2012

 

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4 hours ago, garuda3 said:

Trump celebrates 1.9 percent GDP growth. He blasted the exact same number under Obama.

The Greatest Economy in American History!
 Seven years ealier same GDP
 
Q1 GDP has just been revised down to 1.9%  The economy is in deep trouble.

3:24 PM - May 31, 2012

 

The experts expected 1.6.  Thus, expectations were exceeded.

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14 minutes ago, Saorsa said:

The experts expected 1.6.  Thus, expectations were exceeded.

So if it drops to -2% but the experts expect -2.5% it will still be The Greatest Economy in American History?

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8 hours ago, garuda3 said:

The lastest job report is a bunch of lies, Companies are either laying off or closing , but the number of workers is gaining WTF.                                                                                                  US manufacturing contracts for a third straight month

ISM Manufacturing data is also released Friday morning, and it actually may be more important since the manufacturing sector has been in decline.

Amazon and Target hiring for the Xmas orgy.

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6 minutes ago, warbird said:

And the market went up on a "dumbest comment of the day" ?????

The DJIA reacting to the news of the day?  You don’t say?  Imagine where your portfolio would be if consumers were actually spending money and Trump actually made a trade deal!

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1 minute ago, Swimsailor said:

The DJIA reacting to the news of the day?  You don’t say?  Imagine where your portfolio would be if consumers were actually spending money and Trump actually made a trade deal!

Consumer spending remained stable, the rollback was corporate reacting to being unable to fill empty positions. Nice try,  time to put on you big boy pants......

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5 minutes ago, warbird said:

Consumer spending remained stable, the rollback was corporate reacting to being unable to fill empty positions. Nice try,  time to put on you big boy pants......

Stable?  I thought Trump promised growth?  Being a big boy isn't a requirement for basic understanding of economics.  Why was 1.9% a sign of an economy in trouble in 2012 but now it's a sign of the greatest economy ever?

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9 minutes ago, warbird said:

Good cite. First line is below. Subtract a decade from 2019. What year was that? Who was President? Who thinks Trump is on track to have continuous 8 years of expansion? Not me. The truly remarkable part is that Trump’s bumbling did not collapse the economy sooner.

The WH: “The current economic expansion, which began roughly a decade ago, became the longest in U.S. history on July 1, 2019, beating the previous record...”

 

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51 minutes ago, El Boracho said:

Good cite. First line is below. Subtract a decade from 2019. What year was that? Who was President? Who thinks Trump is on track to have continuous 8 years of expansion? Not me. The truly remarkable part is that Trump’s bumbling did not collapse the economy sooner.

The WH: “The current economic expansion, which began roughly a decade ago, became the longest in U.S. history on July 1, 2019, beating the previous record...”

 

2% being the new norm was exceeded  6, 9, 11 quarters?

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2 hours ago, Swimsailor said:

You win the dumbest comment of the day award.

Numerically it's true 1.6 was predicted based on a number of factors and we reached 1.9 which exceeds expectations and remains positive.

At some point when you are at relatively full employment it's hard to increase GDP unless you raise prices on goods and services.

GDP is simply the total of all goods and services.  If it rises because of increased production it's good.  If all you do is raise prices it goes up but production is static.

For example, McD had revenues of over 5 billion last quarter.  If they raised all their prices 20% they would have added 1 billion to their revenue and GDP but wouldn't have sold any more hamburgers.

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Here in the Philippines 6% GDP growth is normal. They seem to pull that off with no discernible activity whatsoever.  Trump could have done much better, and have something to crow about, however like all things he touches, it didn’t work out. SAD.

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7 hours ago, Saorsa said:

Numerically it's true 1.6 was predicted based on a number of factors and we reached 1.9 which exceeds expectations and remains positive.

At some point when you are at relatively full employment it's hard to increase GDP unless you raise prices on goods and services.

GDP is simply the total of all goods and services.  If it rises because of increased production it's good.  If all you do is raise prices it goes up but production is static.

For example, McD had revenues of over 5 billion last quarter.  If they raised all their prices 20% they would have added 1 billion to their revenue and GDP but wouldn't have sold any more hamburgers.

Trump promised 5% GDP growth.  1.9 seems way below expectations.

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