Screwball

Jerome Powell's term as Fed Chair expires May 2026. Board post ends Jan 2028. He will not be fired because the president cannot fire him. He will be the Fed chair until May 2026 unless he resigns, or congress ends the Fed itself. Powell isn't going anywhere, nor any of the rest of them, regardless of what the idiots in these echo chambers try to feed the gullible.

Still two different issues, that's my point. This isn't difficult.

Adding; your cherry picking what you think are structural design issues to build a strawman about corrosion that IS preventable by using a different grade of stainless.

That proves nothing. I'm glad your not a car designer.

I don't think it's stainless. Mixture of steel and aluminum. Either way, welds easy and sound. If there is any stainless, using a different grade solves the corrosion problem.

At this point where I live a horse would be faster. I wonder why he decided to make some of his cars so ugly? Jokes about they look like a pinewood derby car in 1950. From a manufacturing standpoint, it makes a bunch of sense. Deming might be proud. ON EDIT: Marketing department, not so much.

They have thrown money at the system for years, but they don't spend it wisely. They have turned education into an assembly line instead of a job shop. Too many kids are shoved into a position to fail, not succeed. If you see it up close and personal it is heartbreaking. That's the system they have built and it's shameful.

I didn't know the DOE started in 1980. Jimmy Carter was part of it, but it looks like there was some standards before. Graduated in 1974. Spent 35 years in corporate America living in the belly of the beast (engineering). Large multinational companies. The movie Office Space comes to mind. Retired 6 years ago, now teach school at a local college, part of which included high school/trade school students. Our educational system is a mess from top to bottom. It should be called acadummiea. If nothing else comes out of this debate, I hope some adults sit down at the table and have a much needed and honest conversation.

That wasn't what I was talking about, but thats interesting anyway. A good start to see how the whores operate can be found here; Open Secrets dot org - shows the above board contributions to DC creatures. They also cash in on insider trading, which is illegal, but quite profitable. https://x.com/unusual_whales/status/1742207287966777673

The billionaires are the party The rest is bread and circuses for those falling down drunk on blue and red bull****

I hate to break this to you, but those are the people pulling the strings of the democratic party.

That's hilarious.

You need to be foot nimble at times. What really kills your time is getting stuck behind two trucks that take 5 miles to pass each other. Then you run into packs, and it gets worse. Out in the West is, or used to be, pretty wild. I know some lifelong truck drivers who ran coast to coast. They let it rip when possible. I saw it once. I worked for a transmission company and drove a test truck (just the cab) from Toledo, Ohio to Midland Texas. It had a special transmission with a really long gear. Somewhere in Oklahoma the road was as flat and straight as the eye could see, and nobody around. Let's see what this prick will do. I got it up to about 95. I looked in my rear view mirror and saw another truck. What? I kept it peeled and the next thing I knew this guy went by me like I just left a stoplight - with a trailer. Impressive. My buddies tell me some could get it up to 120 mph. Be a hell of a crash. Depends on where you are obviously.

He was probably too young to ever watch Smokey and the Bandit. You follow the fastest car, but allow distance if you want to make time on the interstates. If you were in the way he didn't know what he was doing, or he wanted to screw with you. The magnet thing is also true, and it works the other way as well. Tailgators. No matter how slow, they won't pass. I had to stop one time before they would go around. Then there is road construction and the Mad Max world.

They've been doing this for years. Move companies in and out of indexes. Pumps up the "headline" numbers for the index and Bubblevision, and tons of money for Wall Street via legal fees and arbitrage on market prices. The primary market us suckers don't get to play in. It's a big club and you ain't in it.

Yes we do, they buy the debt in whatever form is issued. The FOMC meets every two months and reports what they will do and how. Wall Street loves this because they can frontrun the Fed. No money easier than that, other than what interest they make on reserves (which is our debt). Great gig if you can get it. On the other hand, believing in the Fed people is another story. They should have little to no credibility. Ben "the bernak" Bernanke of "the subprime market is contained" turned out to be one of the worse statements ever - just before the market crashed in 2008. This Day In Market History: Ben Bernanke Tells Congress Housing Crisis Is Likely 'Contained' Thanks asshole, and many have never recovered.

Looks to me like non of them are worth a **** at fixing it. But they don't want to, never have. More money, more profit, more kickbacks. A self-licking ice cream cone for the money whores and bribe takers. What's not to like?

Incorrect. Monetization of debt starts with spending. Spending starts in congress. The Fed couldn't monetize debt unless debt is issued (government bonds of some type). Wall Street benefits no matter what as they are the exchange that handles the transactions (bond auctions) and get the money first. All these inept assholes that's inhabited congress for the last X amount of years are at fault, including the two dip****s we have today.

@Hongbit has been correct on the BLS stuff. The numbers have been messed up for a long time, but have gotten worse over time. They know the numbers, but who is "they?" Wall Street does, and an entire industry of of independent analysts who drill into the numbers to find what they might - and it's not pretty. Given to us by the BLS. But we get the headline numbers from Bubblevision who's job is to pump up the market. 10,000 people get laid off and the stock goes up - HEY! Ain't this great? No president tells the Fed what to do. Bankers run the world, and the Fed. As so accurately said years ago by a guy not popular here, but one of the best quotes ever; The rest is bread and circuses

You need to guzzle some more blue BS. Might be dangerous though, you are close to Narcan level ODed now.

I read people on the net blaming that and the Boeing thing. It doesn't matter, the numbers are what they are. And look at the market reaction - booming stocks today - bad news is good news. JaPo to the rescue. When you have nothing but a printer....

The U-7 is a better indicator than the U-3, which is the 4.1. Until the next report and various revisions.

One can always read the actual report; From the BLS: BLS Employment report - released today at 8:30 am At the very top; ______________________________________________________________________________________________ | | | Hurricanes Helene and Milton | | | | October data from the household and establishment surveys are the first collected since | | Hurricanes Helene and Milton struck the United States. These hurricanes caused severe | | damage in the southeast portion of the country. See the notes at the end of this news | | release for more information. | |______________________________________________________________________________________________| At the end; ______________________________________________________________________________________________ | | | Hurricanes Helene and Milton | | | | Hurricane Helene made landfall on Florida’s Gulf Coast on September 26, 2024, and then | | tracked north into several other states. This was before the October reference periods for | | both the household and establishment surveys. | | | | Hurricane Milton struck Florida on October 9, 2024, during the reference periods for both | | surveys. Prior to the storm’s landfall, there were large-scale evacuations of Florida | | residents. | | | | In October, the household survey was conducted largely according to standard procedures, | | and response rates were within normal ranges. | | | | The initial establishment survey collection rate for October was well below average. | | However, collection rates were similar in storm-affected areas and unaffected areas. A | | larger influence on the October collection rate for establishment data was the timing and | | length of the collection period. This period, which can range from 10 to 16 days, lasted | | 10 days in October and was completed several days before the end of the month. | | | | No changes were made to either the establishment or household survey estimation procedures | | for the October data. It is likely that payroll employment estimates in some industries | | were affected by the hurricanes; however, it is not possible to quantify the net effect on | | the over-the-month change in national employment, hours, or earnings estimates because the | | establishment survey is not designed to isolate effects from extreme weather events. There | | was no discernible effect on the national unemployment rate from the household survey. | | | | For information on how unusually severe weather can affect employment and hours estimates, | | see the Frequently Asked Questions section of this news release. | | | | BLS will release the state estimates of employment and unemployment for October on | | November 19, 2024, at 10:00 a.m. (ET). | |______________________________________________________________________________________________| U-6 at 7.7 percent (see table A-15). No matter how you slice it, a dismal report.

Good point, and an example of how much this stuff has changed over the years. I don't know if you can find it today online, but there was a documentary make back in 2009 about the end of the floor traders on the exchanges. It was called Floored. Filmed around the exchange in Chicago. I have the CD. These guys had to transition from floor trading to the computers and couldn't adapt. Timing was part of of it, but technology was too. Great documentary to watch. I loved the guy who called the market a whore. He's right. We went from floor traders to internet, and millions of dollars spent to run lines from the London equivalent of Wall Street to our Wall Street to save 6 milliseconds off a trade order. Next thing you know the most expensive piece of real estate in New York is the server closest server to the NY stock exchange. At least there are still people on the floor. Then came the birth of high frequency trading, which is just another scam to make the ones in control have more of an advantage. At our cost. Imagine that. At one time trades were made with fractions, now they settle 4 digits to the right of the decimal point. How can you divide a penny? Do that millions of times a day and do the math. That's Office Space ****. This all runs through the, I'm not sure the number today, but around the 21 or 22 "broker dealers" who make up the "primary" market. The big Wall Street banks who run the world, and their minions in crime, corruption, fraud, and influence. We, us day to day investors get to play in the "secondary" market where we get the scraps they allow us. And that doesn't even get into the "Blue Horseshoe loves Anacott Steel" stuff that goes on. Sure, been going on forever, but not like it is today. Especially considering the massive amounts of money floating around out there. If you are going to steal a piece of the pie, you want the biggest pie you can create. The easiest way to do that is by creating debt. We should have known when Reagan told us the trickle down plan was a good thing that it was utter BS, because like always, the truth is most likely the opposite. Trickle down IS good - for the people who get the money first - not those who need it most. It's a big club and we ain't in it.

Given she was smoked in her last election attempt, and her acting career as Jan 6th chair is over, what will she do? Good question, but easy answer. Since Harris has said she is open to people from the GOP in her cabinet, Lizzy the warmongering spawn of her warmongering dad, is in line to be Kamala's Secretary of War Department under the current warmongering democrat administration. Think how happy the Lincoln Project guys, Billy Kristol, the Vindmans, the 200 spooks, and of course all the other war mongers and war toy makers will be. Cha-ching!!!!