Bureau of Labor Statistics: Currently 7+ Million Job Openings – Third Quarter Wage Gains +3.3%….

The Bureau of Labor Statistics has released some remarkable economic data today. There are more than seven million current job openings [See Here] and the year-over-year average wage gains are 3.3% [See Here]

(BLS Table A – Source Link)

For more than three decades all U.S. economic policy was elevating Wall Street and diminishing Main Street. As a result the middle America blue-collar workers have not had wage gains keeping up with inflation for over 30 years…. Then came the era of Trump.

More than two years ago CTH began discussing the ramifications to a new emphasis on the economy outlined as a possibility of candidate Donald Trump’s economic policy outlook. Within the overall discussion we walked through the anticipated changes possible if A.) Trump won the election, and B.) Trump began instituting Main Street economic policy ahead of Wall Street policy (the past 30+ years).

We discussed the new dimension that would occur between two economic engines (Main Street -vs- Wall Street) as three decades of policy shifted. CTH outlined statistical and measurable KPIs that would become visible in the space between the policy shifts.

Part of those discussions focused on energy costs, product costs (we explained how inflation would be weird), and importantly, wage rates. It takes several months of policy emphasis (actual outcomes), before the labor market wage rates would grow. We anticipated seeing that policy impact in Q2 of 2018, which was April-June 2018.  When the BLS released their second quarter analysis of wage and benefit rates for American workers –SEE HERE–  the rate of growth was 2.8%, the fastest increase in a decade.

At the end of the second quarter we shared the opinion that it was only the beginning of what was to come.  Well, overall wage rate growth in Q3 has now climbed to 3.3%

BLS – Median weekly earnings of the nation’s 117.2 million full-time wage and salary workers were $887 in the third quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today. This was 3.3 percent higher than a year earlier, compared with a gain of 2.6 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period. (more)

Keep in mind these are “median increases”, there are several sectors well beyond the 3.3% average wage growth.  Additionally, wages are increasing faster than inflation which specifically relates back to our analysis on the new dimension of MAGAnomics.

As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve.  There are more than seven million job openings.

More money into the U.S Treasury and less dependence on welfare/social service programs have a combined exponential impact. You gain a dollar, and have no need to spend a dollar – the saved sum is doubled. That is how the SSI and safety net programs are saved under President Trump. Everything revolves around growth.

When you elevate your economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an economy that is fully functional.

As the GDP of the U.S. expands, so does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie, and begin thinking about how many more economic pies we can create.

The economic models of the entire last generation+ are based on the assumptions of continuing multinational economics which advances, and has advanced, the interest of Wall Street over Main Street.  They were driving a “service-driven economy” message.

The investing class economy, ie. another name for a ‘service-driven economy’, has been the only source of historic reference for approximately three decades. These talking heads convinced themselves that a “service driven economy” was the ONLY economy ever possible for the U.S. in the future.

Back in January 2017 Deutsche Bank began thinking about it, applying new models, trying to conceptualize and quantify MAGAnomics, and trying to walk out the potential ramifications.  They began talking about Trump doubling the U.S. GDP growth rate when all U.S. investment groups couldn’t yet fathom the possibility.

It’s like waking up on Christmas morning every day to see the pontificating Fed struggling to quantify analysis of their surrounding reality based on flawed assumptions. They simply have no understanding of what happens within the new dimension.

Monetary policy, Fed control over the economy, is disconnected and will stay that way for approximately another 12-14 months, until Main Street regains full operational strength –and– economic parity is achieved.

As we have continued to share, CTH believes the paycheck-to-paycheck working middle-class are going to see a considerable rise in wages and standard of living.  How high can wages rise?… that depends on the pressure; and right now the pressure is massive.  I’m not going to dismiss the possibility we could see double digit increases in year-over-year wage growth in multiple economic sectors in several regions of the U.S.

Remember, as wages and benefits increase – millions of people are coming back into the labor market to take advantage of the income opportunities.  The statistics on the invisible workforce varies, but there are millions of people taking on new jobs in this economy and the participation rate is growing.

Winnamins.  We’ll need lots of them…

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This entry was posted in Donald Trump, Economy, Election 2018, energy, media bias, President Trump, propaganda, Uncategorized. Bookmark the permalink.

97 Responses to Bureau of Labor Statistics: Currently 7+ Million Job Openings – Third Quarter Wage Gains +3.3%….

  1. John Ervin says:

    Hallelujah!

    Liked by 2 people

  2. Molly says:

    Thank God.

    Liked by 5 people

    • fleporeblog says:

      Your absolutely right!

      There is absolutely NOTHING the Democrats, MSM, RHINOs, CoC, Globalist, HRC, BHO etc. can do to stop the Economic Train. The numbers are staggering folks.

      Charles Payne in the tweet below is referring to Manufacturing Jobs under BHO vs. PDJT!

      The Chinese have to feed their people! How is that Trade War going for them!

      From the article linked above:

      Industrial production rose by 0.3% in September, slightly beating the consensus forecast and posting gains for the fourth consecutive month.

      Liked by 11 people

      • fleporeblog says:

        Sunlight to a vampire 🧛‍♂️

        Liked by 12 people

        • Red Tsunami! says:

          Charlie tweeting up a storm. How’s his new show/time slot Fle? Varney and guests were all excited about the new numbers. Dow up about 575. Drop was a tale profits correction (also ab anti Kavanaugh dump).

          Liked by 3 people

        • Curry Worsham says:

          Awesome numbers!

          Liked by 8 people

        • GB Bari says:

          The is no way any American who is rational could vote for any Demonrat in November, especially if they are aware of these facts and the overall trend.

          I’m just wondering how long these 7M jobs will remain unfilled before the companies start demanding immigrant labor. With 6M unemployed in September (per BLS), that’s a 1M shortfall. Gotta believe there are more Americans not in the BLS numbers who want to work.

          Liked by 2 people

          • fleporeblog says:

            They will have to raise wages! Our President won’t bend. Until they change the laws to a merit based system, they can demand all they want.

            Liked by 1 person

          • G. Combs says:

            Hubby is talking to a company about a computer job and he is 76 years old!
            ….

            There are a lot of people who were forced to ‘retire’ early who may end up back in the work force.

            Liked by 5 people

          • Alligator Gar says:

            Get rid of the “child labor law” and let the teenagers work. My 13 year old son wants to work and help support the family seeing as the State of Florida will never give me a raise no matter how productive I am.

            Liked by 2 people

            • GB Bari says:

              Agree that there are some young teenagers who have the maturity and ability to work some jobs that are safe and not requiring high skills (there are some that could even handle those kinds of jobs).

              However there are far too many selfish lazy bum parents who would gladly force their young offspring to quit school and work to support the family – and harm that child’s future potential for a successful and rewarding career in life – instead of focusing on the youngster getting at least a high school education. Yes, there are always a few kids who will never do well in formal education and who would be more productive by getting out and working. But labor laws rarely differentiate that precisely, and who’s to say what future potential a child may have.

              I had a few of those among my ancestors where the children in the late 19th century and early 20th century were working tough jobs by the time they were young teenagers.

              One of them – my grandfather – found work as an office boy in the headquarters of a major large railroad company where one of the managers mentored my grandfather and helped him get an education. He first learned shorthand, got promoted, and eventually earned a law degree from the Univ. of Baltimore despite not formally finishing high school.

              Somewhere along the line he also earned his CPA. All because he was smart, energetic, and because he began working for a decent company at the ripe young age of 14. Funny anecdote – when he got his first promotion, his manager suggested he switch from wearing knickers to long pants….he knew that was his “elevation into manhood.”

              Liked by 1 person

      • This is shaping up as a WAR:

        Fed’s Rate Hikes and QE Unwinding that will MULTIPLY CRISES to sustain the Wall Street Economy’s stranglehold on Mainstreet (post below)

        Vs.

        MAGAnomics-driven GDP Growth from Tax & Regulation Cuts, Trade Deals to erase Trade Deficits, Reindustrialization for Defense, and hikes in Labor Participation and Wages as demand pulls the unemployed/underemployed/welfare crowd back to work.

        Liked by 5 people

  3. Rudy says:

    This in spite of all the damage Obama, soros and fellow travelers could do for eight years, and the damage done by the previous three administrations by other fellow travelers.
    The Founding Fathers built well, didn’t they.
    Can we overcome the left and their allies? Stay tuned.

    Liked by 3 people

  4. MAGADJT says:

    Amazing how SD first started fleshing this out and making projections for MAGAnomics two years ago, and it has all come to fruition just as he said it would, almost to the month. The crazy thing is, what the VSG is doing is not some complicated scheme cooked up by teams of academics…these policies are simply common sense.

    These are the same things that we’ve all heard and/or said to one another with the preface…”You know what they oughta do…?” when talking about politics. It’s a shame that all this could have been accomplished by any President at any time…but the big club had other ideas.

    Not one of the other 2016 GOP primary candidates would have even attempted 1/10th of what Trump has done.

    Liked by 13 people

    • vikingmom says:

      Not even 1/1024th! LOL!

      Liked by 12 people

    • Curry Worsham says:

      Our Big Club.
      And you can be in it!

      Liked by 6 people

    • TheLastDemocrat says:

      I agree – I have posted this sentiment before – it is not like all of the rest of us have not been saying and recognizing what Trump has been saying or recognizing about the economy –

      It is not genius. The majority of us should know civics and economics before we graduate high school.

      it is just that we have not had politicians to 1 say these things and 2. do them.

      Largely, it is our fault. The PARTIES have each figured out how to yank our chains, and convince us that they are for us, and we had better be really afraid of the Bogeyman, the Other Party, so we were kept devoted to our own abuse and repression – like that M. Night Shamalamadingdong movie “The Village.”

      The Genius:
      Despite the Uniparty staging the game to favor them, because they hold the power, Trump has figured out the game and is beating them at the game.

      My wife still has a problem seeing the support for someone “known” to be crude, and a womanizer – the ‘presidential’ aspect.

      Sure. I would like to vote for someone who has NEVER called someone “horseface” by twitter. But above that I prefer to have my country back.

      Liked by 2 people

      • Rudy says:

        Not to mention that the ‘crude’ is exaggerated and/or simply made up, right?

        Liked by 3 people

      • InAz says:

        “The Village” is a very good example of what politicians have done to us!
        Among other things.

        Like

      • Jan says:

        You’re right. I would prefer everyone being civil to one another–especially our politicians. If you haven’t noticed, our Dimms are way past being civil to anyone who disagrees with them. And the Left has lost all civility. They called Ivanka the “c” word. They praise, support and pay Antifa and other protesters. They personally attacked and ruined a supreme court candidate and his family because they couldn’t refute his qualifications or his legal skills. Calling someone who has very questionable reasons for putting herself into the limelight over and over again over something that happened 12 yrs. ago, who strips for a living, “horseface” is not what we USED to call presidential. But I’ve had it up to over my ears with the lying coming out of the mouths of the Left, their hypocrisy and the violence they are bringing to the streets, daily.

        I don’t belong to twitter, but every once in a while I get on Pres. Trump’s twitter account. You would not believe the tweets he receives from “every day” citizens, the cuss words they use, and their prayer for his death by assassination or worse. Pres. Trump tried to block some of these nasty commenters. The Court/Twitter would not allow the blocking. Since when did a President give up his 1st amendment rights or give up his own opinions by becoming president? I thank God daily for this president. He just may save this country single-handedly from the AINOs (Americans in name only).

        Liked by 3 people

      • Dennis Leonard says:

        Maybe if you die and go to heaven,
        “My wife still has a problem seeing the support for someone “known” to be crude, and a womanizer – the ‘presidential’ aspect.

        Sure. I would like to vote for someone who has NEVER called someone “horseface” by twitter. But above that I prefer to have my country back.”

        Like

      • “Horseface” was an UPGRADE.
        … unless you re-spell “Horse” 😏
        I haven’t seen anyone but POTUS who “got it”.

        Liked by 2 people

      • G. Combs says:

        I am a woman and I much prefer a rude, crude, braggart with a heart of gold who has my best interest in mind to a smooth talking con-artist scheming to steal everything I have.

        Liked by 4 people

        • GB Bari says:

          In the movie “6 days 7 Nights”, with armed pirates chasing after them, the two central characters (Harrison Ford and Anne Heche) discuss their fear….

          Quinn Harris: I thought that’s what women wanted.
          Robin Monroe: What?
          Quinn Harris: Men who weren’t afraid to cry, who were in touch with their feminine side.
          Robin Monroe: No, not when they’re being chased by pirates, they like ’em mean and armed.

          When we’re being chased by lunatic Leftist totalitarians, we need a tough street-smart leader, not one from the refined country club political class.

          Liked by 1 person

  5. Tom S. says:

    Another win. Thanks President Trump !!!!!

    Liked by 4 people

    • The Boss says:

      I need to confirm this tomorrow, but in three heavily democrat precincts in my area of responsibility, Uber drivers I know report substantial numbers of GOP yard signs where none have been seen ever before. These are working class neighborhoods which are probably seeing in a relatively big way the financial benefits of the Trump policies.

      Liked by 8 people

  6. MAGADJT says:

    Sundance – any projections for the budget deficit? I know it is increasing right now…will be over $1T for the year, but with all the new taxpayers coming online, I am curious if you see a big drop in deficits over the next couple years?

    Like

    • Jake says:

      That’s the plan. It’s been pretty obvious the President is increasing revenue dramatically and reducing spending where he can. I believe his next big target is the deficit and I mean the deficit. Don’t think he’ll be content to simply reduce it. Hes going to eliminate it. That’s his second act. The first act was reducing taxes and he’s not done there either. Look for a win in the midterms and then he’s going to go after spending in a big way.

      BTW: there will be plenty of other activity since he will be draining the swamp at the same time.

      Liked by 7 people

  7. kinthenorthwest says:

    Wow this is the best week ever…Stormy donated, CNN really blew it, and we all just as much if not more Native American than Warren LOL And Now this
    Oh I forgot — got suspended from Twitter for ????

    Liked by 8 people

  8. feralcatsblog says:

    7+ Million Job Openings? And not one of them is for Attorney General? Is it too much to ask that out of 7+ Million Job Openings, one of them be for Attorney General?

    Liked by 5 people

    • Stab, the unstoppable hero says:

      Yep, it’s a wonder all right.
      In fact, I heard the DOJ might even be LAYING OFF employees after the midterms.
      Thousands of them… maybe.
      Guess we’ll see if that happens soon enough.

      Liked by 1 person

    • Bugsdaddy says:

      I’m OK with not filling the 400+K jobs in State, Local, and federal gubmint…….

      Like

  9. feralcatsblog says:

    Might be another job opening soon.

    Laura Loomer @LauraLoomer
    BREAKING🚨
    The court of appeals has DENIED Keith Ellison’s motion to stay the order for releasing his divorce records!
    😂 They will be released tomorrow.

    Liked by 8 people

  10. nccosmiccurmudgeon says:

    The “conglomerate” that I am currently employed by has its share of these 7+ million jobs posted.
    But there does not seem to be an urgency to fill them.
    “Job Descriptions” are written in such a manner as to imply the positions are mid to senior level, both craft and management. But the offered wage is more reflective of Entry Level.

    Once upon a time, almost all management, or salaried, positions stated some sort of Degree preferred, but equivalent experience would also be highly considered. The “Or Equivalent Experience” clause is very rarely seen.

    Perhaps the new USMCA will force corporations to bring this option back into the main and provide those of us who do have years of experience a chance to advance. Thus providing a place for those entering the work a day world to gain experience.

    But the “curmudgeon” part of me wonders if these positions are posted with no real intent to fill them with current American employees. It would seem that these positions may be a means to rationalize the “dire need” for H1B individuals to fill positions that the “company” cannot find “qualified” candidates for.

    The “globalist” mind set remains deeply ingrained in many. Any means necessary to require young Americans to attend Indoctrination Camps, formerly known as University and College, must be employed in order to maintain that mind set.

    This cycle must be broken and the tactic fully exposed before we finally have a fighting chance to Keep America Great.

    Liked by 8 people

    • feralcatsblog says:

      ” It would seem that these positions may be a means to rationalize the “dire need” for H1B individuals to fill positions that the “company” cannot find “qualified” candidates for.”

      Bulls’ eye !!!

      Liked by 4 people

      • Kaco says:

        I think of all those in tech, 10 or so years ago, people were told to stop worrying about manufacturing and get into tech, “get educated and with the times”. We see where that went. I’ve had to discourage my son from even thinking about I/T.

        I hope the H1B Visas for tech at least gets addressed. That has been practically criminal making those people train their replacements. And how they get around never hiring Americans thereafter.

        Liked by 4 people

        • rvsueandcrew says:

          Kako… Re: Your last paragraph.

          I think we’re beginning to see a resurgence of respect for the dignity of work (what is commonly referred to as “real work”) and also for the dignity of workers. Having Americans train foreigners as their replacements shows no respect for the dignity of the workers.

          Respect needs to make a comeback in all facets of our society and, ironically, the person encouraging that to happen is the sometimes irreverent President Trump. He respects the American worker!

          Liked by 3 people

          • Kaco says:

            Yes, and I believe he heard the plight of the I/T worker, it WAS on his platform in ’16 re: H1B Visas. I think it’s been put by the wayside, can’t even get immigration done right now with all the blocking by the Dems and the CoC RINOs. I think it was Corker or Cornyn, one of them, who pleaded with PT at one of his televised meetings about how we need H1B Visas because we sold all our children on college. I hope that’s changing now, the trades are needed. I’ve tried to talk my son into looking into a trade (he’s in high school) and he’s still insistent on college. But he was so disappointed when I told him last year to continue to not consider I/T, which was his first choice. He said, “But I thought that was over since Trump won?” I told him it’s not being addressed and it might not be or be reversed if it was, not good for the long run right now.

            They don’t value the American worker, I know our President does. He says he sees so much potential in our country and in all the people. How could he not? We used to have a real good work ethic, we’ve been “educated” out of it. I have a hard time looking at Antifa and not thinking what these commie bastards have done to our children. But the potential is still there, if we were all taught the right way of thinking.

            Liked by 4 people

            • G. Combs says:

              I would LOVE to round up ANTIFA and the other young protestors and ship them to the coasts of Florida and the Carolinas to do the backbreaking cleanup work. Maybe if they had to do the cleanup and then help rebuild they would think twice about vandalizing someone’s property.

              After WWII The Committee on Economic Development DELIBERATELY drove families off their farms and into the cities.
              “With World War II, America saw its agricultural system intentionally subjected to political policies that radically transformed it….
              This transformation was the result of organized plans developed by a group of highly powerful, though unelected, financial and industrial executives who wanted to drastically change agricultural practices in the US to better serve their collective corporate financial agenda. This group, called the Committee for Economic Development, was officially established in 1942 as a sister organization to the Council on Foreign Relations. CED has influenced US domestic policies in much the same way that the CFR has influenced the nation’s foreign policies….

              CED determined that the problem with American agriculture was that there were too many farmers. But the CED had a ‘solution’: millions of farmers would just have to be eliminated….

              The human cost of CED’s plans were exacting and enormous.

              CED’s plans resulted in widespread social upheaval throughout rural America, ripping apart the fabric of its society destroying its local economies. They also resulted in a massive migration to larger cities. The loss of a farm also means the loss of identity, and many farmers’ lives ended in suicide…” LINK

              To add to this you had LBJs muzzling of American churches via a change in the tax code so these local communities lost their voice.
              501c3 Facts
              “Most churches in America have organized as “501c3 tax-exempt religious organizations.” This is a fairly recent trend that has only been going on for about fifty years. Churches were only added to section 501c3 of the tax code in 1954. We can thank Sen. Lyndon B. Johnson for that. Johnson was no ally of the church. As part of his political agenda, Johnson had it in mind to silence the church and eliminate the significant influence the church had always had on shaping “public policy.”…..”

              Like

              • Kaco says:

                Thanks for the interesting but depressing link about the farmers and our food supply. I really wish our food supply would be addressed at some point as well. I know PT is trying to save the “family farm” or what’s left of them. I grew up in a rural area with lots of farmers. Now many are selling them off to developers as the city has encroached.

                Like

        • InAz says:

          I tried to discourage my son, and it did not work. My daughter wants IT also but knows the foreigners will get the jobs. Economically we are upper poor, if there is such an economic class, so we can not help our children financially.
          It is disgusting that the commie libtards donate to wealthy azz hats…..McCabe, etc and want the destruction of America to continue. From my reading numerous libtard sites, it is the financially well off, who have great jobs, who have no problem with open borders and foreigners taking our jobs.

          Liked by 1 person

          • Kaco says:

            We’re still middle or lower middle, my husband’s an engineer, but that’s not exactly lucrative either. We could be better off, but I’m still home with the kids and part time caretaker to my father.

            Oh, I’ve read at times their crap, like the NYT, disparaging working class people, talking about robots replacing them, how we just can’t evolve, etc. When a lot of it is because of policies and freaking China, robots notwithstanding.

            I really believe the manufacturing is a national security issue, and not just steel, etc., We should not be relying on our worldly goods and consumables coming from hostile and communist regimes. Who was the brain trust that put China of all countries, as most favored nation and allowed them into the WTO? Oh, I know, it was Clinton, right? Thank goodness, PT has gotten NAFTA straightened out as best he can.

            And how can companies get away with using foreigners instead of out of work and new grad American I/T workers? Something seems almost illegal about it.

            Like

        • As someone in Tech, I am praying that these are addresses. I discouraged both my nephews and my niece. My kids see how many hours I put in just to keep my job and not get laid off (with no pay raise in 10+ years) and they want no part of it.

          Like

          • Kaco says:

            I’m hoping after immigration gets addressed this does as well. Too many people out of work in this field. I’ve seen it on Computer World and other places. I’m sorry you are having such a hard time. My husband hasn’t had a raise either in the 6 years he’s been back at his company. I thought they might give him one after working on the JFK carrier. I think our healthcare plan has been our “raise” and it’s still bad. All went to hell after Obamacare. I hate to sound “entitled” but things aren’t what they used to be as they were for our parents. Thank goodness my father, also was an engineer, got a retirement package and a pension to supplement his social security. He also has a long term care plan from his company which will be activated in the very near future, I’m afraid, as he’s gotten worse. And his healthcare plan is so much better than ours. God knows what shape we’ll be in, my husband thinks he will never retire, but I’m glad I don’t have to worry about my father.

            Like

  11. PgtSndThinker says:

    These economic subject articles are refreshingly clear of trolls. Nice to see all you safe n sane treepers out tonight. My “paycheck” jumped today because more students came, so maybe maganomics is trickling down to those who teach hobby classes. I’m praying this trend will continue so I can use my earnings to start a new business (vineyard).

    Liked by 6 people

  12. dufrst says:

    No Blue Wave 🌊 ! MAGA!!

    Liked by 1 person

  13. rbrtsmth says:

    This is the base of all his strength with citizens in the street. People understand this and they will continue to reward President Trump and ignore Democrats who continue to refuse to accept the results of the 2016 election. That is, people know Democrats are holding back Trump with their resist and obstruct policy.

    Liked by 1 person

  14. Deplorable_Infidel says:

    “It’s like waking up on Christmas morning every day to see the pontificating Fed struggling to quantify analysis of their surrounding reality based on flawed assumptions. They simply have no understanding of what happens within the new dimension.”

    Just think of all the people that graduated with Business and Economics degrees the past 30 years or so that were taught globalist, instead of MAGA principals. Part of the reason the “establishment” just does not “get it”.

    Oh of course you have your shills who know the globalists are buttering their bread, but there are going to be a lot of people that need a “refresher course” to introduce them to “MAGAnomics”.

    CTH posts could be the basis for the ideal textbook. There is money to be made in the textbook field, SD.

    Liked by 2 people

  15. Deplorable_Infidel says:

    It seems Youtube is back up and running

    Like

  16. alliwantissometruth says:

    7 million job openings
    democrats: RESIST!!!

    Black & Hispanic unemployment numbers at historical lows
    democrats: RESIST!!!

    Stock market surging
    democrats: RESIST!!!

    Economy booming
    democrats: RESIST!!!

    American people once again have confidence in their country & their futures
    democrats: RESIST!!!

    democrats: why aren’t they embracing our message?

    Liked by 4 people

  17. The surge in FEDERAL GOVERNMENT OPENINGS is going unnoticed:
    • 69k a year ago.
    •111k now, up 15k in the past month.

    President Trump is PROVING-in-ADVANCE the coming cuts in Federal Employees and Costs.

    Why hire people when the Senate has blocked the Appointees needed to direct and control them?

    Like

  18. Mark J Meyer says:

    Coming from a family of educators (of which I am NOT), I am amazed at how Sundance breaks down the ‘complex’ to the ‘normal person’ level! God Bless you Sundance, and may you continue to spread ‘common sense’ (and not so common) to the masses!

    Liked by 3 people

  19. R.Shanker says:

    When Trump says ” We’ll win so much – you will say to me – please stop winning so much ..”etc
    Its actually a deep statement. Its not a joke. What he might mean is this:
    – If you vote for corrupt candidates, knowing they are corrupt – maybe I cant help you.
    – If I make millions of jobs available – but people here just-dont-have-the-skills to fill them – dont come crying to me.
    – If I create a huge bull market in stocks – and you decide to short stocks – dont come crying to me.
    That sort of thing. In other words, if you want freedom and the opportunity to shape your own future – well, its going to be the future you shape !!!
    In other words – He is returning “power” to the people. Can the people handle it?

    Liked by 1 person

    • R.Shanker says:

      “Freedom” sounds so great, noble etc ( like a Clint Eastwood movie).
      Problem is – most people – when push comes to shove – cant deal with it. They want Mommy to take care of them – tell them what to do.

      Like

      • R.Shanker says:

        Trump may actually go down as one of the great figures in history. He is singlehandedly ( I mean single handedly – face it the Republicans and Democrats in govt dont want this – they want Mommy).
        He is issuing a challenge to the people – really want all that great “freedom ” stuff? Here ya go.

        Liked by 1 person

      • Whitemale979 says:

        We need freedom for the people that can handle it, and strong cultural norms and a robust capitalistic economy to create a clear safe path for those who cannot.

        Like

        • G. Combs says:

          The armed forces is a good place for those who need a Mommy or Daddy to tell them what to do. It gives them structure, discipline and a space away from bad parental influence where they can GROW UP and become adults.

          (My Ex was in a basic training outfit during the ‘Nam era.)

          Like

  20. The Fed is sowing the seeds of its DEMISE:
    • Wage Gains of 3.3% EXCEED the increase in CPI-U of 2.6%.
    • Workers’ standard of living is IMPROVING.
    • The Fed is racing to SUFFOCATE their improving standard of living.

    The Fed’s Rate Hikes and QE Unwinding of $4.5 Trillion are designed to MULTIPLY CRISES:
    • Make home and auto purchases less affordable.
    • Multiply Student Loan Defaults.
    • Multiply City and State Debt Defaults.
    • Escalate Annual Interest on Federal Debt faster than spending reductions can offset them.
    • Increase the Cost of Capital to reduce the funding/incentives for first-year Expensing of Capital Spending that’s fueling GDP Growth.

    Liked by 5 people

    • G. Combs says:

      Time to get rid of the ACCORD!
      (I strongly suggest Treepers read Wright Patman’s Primer on Money.)

      Excerpt from
      A PRIMER ON MONEY
      COMMITTEE ON BANKING AND CURRENCY, HOUSE OF REPRESENTATIVES
      WRIGHT PATMAN (D) Chairman 1964

      http://famguardian.org/Subjects/MoneyBanking/Money/patman-primer-on-money.pdf

      THE 1951 ACCORD

      Do bankers believe that they own the Federal Reserve banks?
      Yes.
      100% of the “stock” is owned by the private banks. Also after instigating “the Accord” It was later revealed by testimony of some of the Federal Reserve officials to committees of Congress that the Open Market Committee had held a meeting on August 18 and decided not only to raise the discount rate, but to “go their own way” on the Government longer term bond rate as well, despite what the President, the Secretary of the Treasury, and the head of the Office of Defense Mobilization might do”….Therefore the Federal Reserve is not answerable to the President or Congress or the electorate, nor even to a government audit or even Congressional funding!….

      Since the signing of the so-called accord, in March of 1951, this event has been widely interpreted as an understanding, reached between the Treasury and the Federal Reserve, that the Federal Reserve would henceforth be “independent.” It would no longer ” peg Government bond prices. It would raise or lower interest rates as it might see fit, as a means of trying to prevent inflation or deflation.

      These are understandings which have been grafted onto the accord over the years. Certainly, no such understandings were universal at the time the accord was signed. …. At the end of 1951, then, the Federal Reserve had both self-proclaimed independence, as a result of the accord, and an operational policy which aimed at maximum credit effects through minimum changes in interest rates….. the Federal Reserve people were quite sure that they could do a better job of running the country than the President, and with only slight increases in interest rates. … [ full details starting on pg 103]

      😲😱😲😱😲😱😲😱😲😱😲😱😲😱😲😱
      So the Fed unilaterally decided THEY would control monetary policy and NOT our elected government!!!
      😲😱😲😱😲😱😲😱😲😱😲😱😲😱😲😱

      Liked by 1 person

  21. Anonymous says:

    Heidi Heitkamp (D, ND) is imploding. She ran an ad with a bunch of names of sex assualt victims and several of them said they did not give permission for her to use their names or even weren’t victims.

    Heitkamp to her credit has apologized for the errors. But even as a political tactic I don’t get running such an ad (even if names were right). Why highlight an area where she is to the left of ND. She would be better off trying to play the moderate game and discussing her support of Bakken fracking.

    https://outline.com/YubryF

    Like

  22. Disgusted says:

    I’ve not seen any statistics referring to Senior Labor Field. At 71 I live on very meager social security. Wondering if other seniors here have found work as successfully as other pools seem to have.

    Like

    • prenanny says:

      Here is the official BLS table by age and race job participation:

      https://www.bls.gov/emp/tables/civilian-labor-force-participation-rate.htm

      Note the DECREASE that was anticipated in youngins and elders.

      Around here ( south central PA ) there are plenty of elders being hired.
      Start out part time 2-3 days a week and ask for more hours as you desire.
      With flex shifts I think they are called you can work as little as 4 hours a day.
      I would suggest that when applying for part time or entry level positions you not mention your prior experience, just leave it blank and education just say yes to HS degree.
      That will meet the qualifications of employment. You are applying for a job not a career.
      Best of luck in your job search.

      Like

      • Disgusted says:

        Thank you for taking the time to find this info and know how to post it here for me. A lot to absorb, but I will try in morning to apply to my situation. Great help? Thanks again. No Longer Disgusted!

        Like

  23. Jay Wizz says:

    Holy crap.

    When did NPCs (SJWs) infiltrate and take over the BLS? It reads like a damned campaign ad for Democrats. Women this, men that, racial minorities this, whites that. Did they sub out the work to Evergreen College?

    SD’s link:

    https://www.bls.gov/news.release/wkyeng.nr0.htm

    Like

    • Jay Wizz says:

      Here’s the top 3 “higlights” from the report. Race, race, race, gender, gender, gender. That’s all these people ever think about.

      –Median weekly earnings of full-time workers were $887 in the third quarter
      of 2018. Women had median weekly earnings of $796, or 81.8 percent of the
      $973 median for men. (See table 2.)

      –The women’s-to-men’s earnings ratio varied by race and ethnicity. White
      women earned 82.2 percent as much as their male counterparts, compared
      with Black women (86.9 percent), Asian women (77.1 percent), and Hispanic
      women (86.0 percent). (See table 2.)

      –Among the major race and ethnicity groups, median weekly earnings of Blacks
      ($686) and Hispanics ($689) working at full-time jobs were lower than those
      of Whites ($915) and Asians ($1,128). By sex, median weekly earnings for
      Black men were $726, or 72.3 percent of the median for White men ($1,004).
      Median earnings for Hispanic men were $722, or 71.9 percent of the median
      for White men. The difference was less among women, as Black women’s median
      earnings were $631, or 76.5 percent of those for White women ($825), and
      earnings for Hispanic women were $621, or 75.3 percent of those for White
      women. Asian men and women earned more than their White counterparts.
      (See table 2.)

      Like

      • prenanny says:

        One of the problems I see with these numbers is they are treating as equal someone who has worked say 20 years in a position to someone who has just been hired.

        Like

  24. Wai cheah says:

    Kevin O’Leary “Small business in the US are on fire”. https://www.cnbc.com/amp/2018/10/12/kevin-oleary-the-american-economy-is-on-fire.html

    Like

  25. jeans2nd says:

    EAC Chair Kevin Hassett told CFR last week it would take 3 – 5 years to see wage growth fully realized.
    Looking back on Pres Reagan’s economic policy, this appears to be true. Bill Clinton’s tenure saw the fruits of Pres Reagan’s efforts.

    We are just warming up. The best is yet to come. Hold on tight.

    Like

  26. Mike says:

    Anecdotal evidence: I live in Houston. Houston is at 2.6% unemployment, essentially full employment.

    I work in the Oil & Gas industry; I recently had an employee who left my organization. She left because she received $30,000 more in annual compensation , more vacation and better benefits after seeing 2.0% yearly increases for the last decade. I’ve had to replace that employee and every candidate that we spoke too indicated that they had multiple offers on the table. We lost out on several well qualified candidates because we couldn’t move fast enough. I’ve finally backfilled that role but had to pay $30K than my former employee. Those kinds of increases are life changing.

    By the way I’m also in the market.

    Like

  27. completelytrue says:

    not impressed
    There are always “job openings”, but miraculously, there are always “unemployed people”.
    OK
    not miraculously, but too embarrassingly simple for me to explain here

    Like

  28. Fantastic! As long as illegals don’t get any of these jobs.

    Like

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