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According to Multpl.com the S&P P/E
still hovers around 20. Which is
- 25% higher than in normal markets,
- 50% higher than in bear markets.
It is a 5% pre-inflation return
(net negative.)
The problem with the J’Biden “economic” ninnys is the don’t know what that MINUS sign means? Or what the definition of the word “negative” is?
Perhaps they’re thinking it has something to do with 35mm photography?
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The battle for America’ soul takes place on Wiki page.
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That’s just plain hysterical.
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How do dems communicate when words are no longer defined… They might as well just grunt and clap.
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that is extremely insulting to baby seals
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Surprise jobs report. More than double the estimate. There are some good signs the economy is rebounding. We really need the supply chain to get back to full production.
It is good news.
I do not wish to detract from that.
Still, in a nerdy econ major sort of way, I feel it is necessary to point out
that when employment is up, (a lot) and GDP is down (quite a bit)
that means productivity is way the heck down.
(EX.:
Ten workers used to produce $1m worth of stuff.
Now 11 of them combined don’t even produce that much.)
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2q2022 down 0.9%, thats not quite a bit.
business investment way down……
has nothing to do with productivity
Allan
Down 1.6% annualized, but that number is kinda “cooked” because it counts selling oil out of the Strategic Oil Reserve, (much of which we exported) as “adding to the GDP,”
Here’s a chart from the NY Times.
Yes, it looks like the administration is cooking the books on the economy. The employment numbers are based on two surveys–households and establishments. The household survey has been showing a massively worse employment picture, but it appears to be ignored in the official figures.
So what’s going on here? The simple answer: Fewer people working, but more people working more than one job, a rotation which picked up in earnest some time in March and which has only been captured by the Household survey.
Zerohedge
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Here we go again with the real unemployment rate. It never ends.
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It looks like the surging inflation is forcing people to get second or third jobs to make ends meet.
Fewer people are actually working, but the ones who work are working more jobs. These are not signs of a healthy economy.
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You completely made that up. That it is second and third jobs that is causing the spike. Well you didn’t. Zerohedge did.
Real wages are going down. People need to work more hours to pay for the rising cost of energy and food and other necessities.
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Wait until people see their heating bills this fall.
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Yes real wages are going down because of inflation. That has nothing to do with your assertion that the job spike is being driven by people getting second and third jobs. I am not saying that the numbers don’t include people getting second or third jobs but it’s not being driven by rhat
Yours and zero hedge assertions are being driven by arghl blarghl dems are in power
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