| A big miss on ADP payrolls. The private payroll company saying private payrolls shed 32,000 workers in Nov. That's the 4th negative number in past 6 months. The estimate was for +40,000, so the street was off ... this may be coming from being hammered by the tariffs |
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“Gas is too high! He said gas would be cheaper! Too high!!!!” Gas prices drop. “Cheap gas is a sign of an economic apocalypse. No one needs gas now.” SMH |
It's a sign of a slowing economy. That aside, which of his policies lowered gas prices? (not counting tariffs wrecking the economy of course) |
In general, Americans are stupid with finances. They used to buy a house with a 30 year mortgage in your 30's, keep it and raise a family, pay it off, and then cash out at 60ish and downsize. Now people use their house as an ATM through a HELOC, blow out any equity they have and live in high debt year-to-year. They flip their house every several years to keep up with the Joneses and take out 96-month loans on the Eurosedan all with the expectation they're gonna work until they're one-hundred. People are not just stupid, they're f'n stupid.
https://www.marketplace.org/story/2025/06/09/more-older-americans-continue-to-pay-mortgages |
+1 Also Americans are financing Christmas, with BNPL programs that are no better than payday loans. |
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That debt figure isn't going to level out anytime soon with Trump. Tariff receipts are below expectations and tax receipts will be lower with the GOP tax bill.
This happens every time with the GOP and yet somehow, the party communications has managed to get the public to believe the democrats are the fiscally irresponsible party. |
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LOL, blaming the failing job numbers on the deportations of immigrants
Lutnick: "Remember, as you deport people, that's going to suppress private job numbers of small businesses. But they'll rebalance and regrow." |
Well some people cannot buy a house in their 30s. I had to wait until 40 because of the GFC and the housing bubble. People aren’t flipping houses much anymore either because of the job market collapsing. Everyone is now stuck in their houses while holding on with dear life to their employment. Mobility isn’t a thing under Trump. (I’m with you on cashing out equity tho! Very dumb. Did they learn nothing from the GFC??) |
Pesky supply and demand. |
Adding graphic: Small businesses are spiraling the drain. |
Small businesses are the backbone of the US economy, and they are starting to close up shop due to the tariffs. https://www.cnbc.com/2025/11/07/how-trumps-tariffs-are-crushing-small-businesses.html
https://www.foxbusiness.com/media/us-shop-relied-canadians-announces-closure-citing-tariffs-trumps-choice https://www.kwch.com/video/2025/10/03/wichita-business-closing-due-tariffs/ https://www.cbsnews.com/video/small-business-forced-to-close-after-tariffs/ https://www.pennlive.com/nation-world/2025/11/iconic-outdoors-retalier-in-business-since-1856-closing-40-locations-due-to-tariffs.html |
So. That’s really bad. Especially when you consider there was no external shock to the economy. |
| Maybe Landau needs to understand that no one trusts the US anymore under this administration and hence the rebirth of the european defense industry. |