Comments by "StHubbins" (@sthubbins4038) on "'More Layoffs Incoming!' - Reaction To Jerome Powell Continuing To Raise Interest Rates" video.

I hate to be the bearer of good news, but the economy is in better shape than at any point under the last guy. Unemployment is lower, GDP is doubled, the stock market is up 20% from the last guy's highs. And while inflation of 6.5% is not good, it's offset by 6% wage growth, which is far higher than the previous president. That said, it can always get better. Not to ruin your day or anything.
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With unemployment at a 70 year low, we do have some space to give... but there has to be some way of lowering inflation without putting people out of work.
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Oops. Jobs report today QUADRUPLED expectations, adding an insane 510K jobs! Unemployment now 3.4%, lowest since 1969, and a new all-time record for employed Americans, 160.14 million. Way to go, Joe! 😀🇺🇸
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@jchess78 You can only hope ;) I’ll just enjoy the awesome economy.
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@cala9765 I suspect if Joe Biden rescued your dog from the train tracks, you'd say "he would've found his way home anyway. LET'S GO BRANDON"
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@jmac4952 Labor force participation is the same it was 4 years ago. Which is why we now have more Americans employed than at any point in history (159.2 million). That said, monetary policy hates ultra-low unemployment, because it means people have money to spend, which means companies don't lower prices, and inflation becomes "baked in". Still, with inflation dropping 1.5% in the last six months while unemployment remains amazing, there's a lot of hope that we dodged a bullet (that most other countries have not). Hence the "extreme greed" ticker Adam showed. We shall see.
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@jmac4952 Did you see today's employment numbers? 😳😃
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