Anonymous
Post 09/04/2025 09:20     Subject: Re:Trump 47 Economy
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:


Genuine question though - they were already rising steeply before this year so what is driving it?


AI, crypto mining and data centers.

Which is why we need more renewable energy, and frankly the data centers and crypto mining should all be on 100% renewable/batteries anyhow. The average consumer should not be suffering for the high demand these places put on the grid.


Also, just simple population growth and the proliferation of electricity using things. There hasn't been enough new supply brought on, our distribution infrastructure is ancient, and some of the older generating facilities have been shut down.

AI, crypto and data centers play a huge role but they aren't the only problem. We all use more electricity today than we did in 1999 and our infrastructure and supply has not kept up. We need more solar but we also need more gas fired plants because battery technology is not ready and we don't have a distributed grid.
Anonymous
Post 09/04/2025 09:03     Subject: Re:Trump 47 Economy
Anonymous wrote:
Anonymous wrote:


Genuine question though - they were already rising steeply before this year so what is driving it?


AI, crypto mining and data centers.

Which is why we need more renewable energy, and frankly the data centers and crypto mining should all be on 100% renewable/batteries anyhow. The average consumer should not be suffering for the high demand these places put on the grid.
Anonymous
Post 09/04/2025 09:00     Subject: Trump 47 Economy
Anonymous wrote:
Anonymous wrote:ADP numbers are out now.
August ADP Employment Report +54k vs +75k EST

Education/Health Services down 12k.
Trade/Transportation down 17
Leisure/Hospitality up 50k
Construction up 16k
The Beige Book stated that there were no hiring and spending. It laid out an economy of little economic growth with layoffs up to 30%.

Average working hours are fewer hours. They call it underemployed worker versus unemployed worker. Basically, hourly wage earners are getting fewer work hours to avoid laying people off.
These are not government numbers controlled by BLS


Are we winning yet?

Nope!
Anonymous
Post 09/04/2025 08:56     Subject: Re:Trump 47 Economy
Anonymous wrote:


Genuine question though - they were already rising steeply before this year so what is driving it?
Anonymous
Post 09/04/2025 08:52     Subject: Trump 47 Economy
Anonymous wrote:ADP numbers are out now.
August ADP Employment Report +54k vs +75k EST

Education/Health Services down 12k.
Trade/Transportation down 17
Leisure/Hospitality up 50k
Construction up 16k
The Beige Book stated that there were no hiring and spending. It laid out an economy of little economic growth with layoffs up to 30%.

Average working hours are fewer hours. They call it underemployed worker versus unemployed worker. Basically, hourly wage earners are getting fewer work hours to avoid laying people off.
These are not government numbers controlled by BLS


Are we winning yet?
Anonymous
Post 09/04/2025 08:36     Subject: Trump 47 Economy
Last month Central Banks gold holdings exceeded US Treasuries for the first time since the 80's. The fiscal issues of the US is real and a 100% plus Debt to GDP is a concern. Meanwhile both sides of the aisle are not considering more fiscal cuts to out bloated federal budget, which will be the death of our country.
Anonymous
Post 09/04/2025 08:34     Subject: Trump 47 Economy
ADP numbers are out now.
August ADP Employment Report +54k vs +75k EST

Education/Health Services down 12k.
Trade/Transportation down 17
Leisure/Hospitality up 50k
Construction up 16k
The Beige Book stated that there were no hiring and spending. It laid out an economy of little economic growth with layoffs up to 30%.

Average working hours are fewer hours. They call it underemployed worker versus unemployed worker. Basically, hourly wage earners are getting fewer work hours to avoid laying people off.
These are not government numbers controlled by BLS
Anonymous
Post 09/04/2025 08:33     Subject: Re:Trump 47 Economy
Watch Trump threaten to fire the CEO of ADP.
Anonymous
Post 09/04/2025 08:31     Subject: Trump 47 Economy
my utility bills are 30-40% higher. I for one, am thrilled to be subsidizing the AI and Data Centers.

Anonymous
Post 09/04/2025 08:29     Subject: Re:Trump 47 Economy
Anonymous
Post 09/04/2025 05:46     Subject: Trump 47 Economy
Anonymous wrote:
Anonymous wrote:Nope just Trump. Biden fixed what he inherited. Trump is in the process of destroying a growing economy for the second time.


+1


Trump’s bringing back stagflation! I reminisced with my teenagers about the 1970s because it’s coming back.
Anonymous
Post 09/03/2025 22:47     Subject: Trump 47 Economy
Anonymous wrote:Nope just Trump. Biden fixed what he inherited. Trump is in the process of destroying a growing economy for the second time.


+1
Anonymous
Post 09/03/2025 21:50     Subject: Trump 47 Economy
Nope just Trump. Biden fixed what he inherited. Trump is in the process of destroying a growing economy for the second time.
Anonymous
Post 09/03/2025 21:46     Subject: Re:Trump 47 Economy
Anonymous wrote:
Anonymous wrote:


Of course! These are partisan numbers clearly published by some leftist nut job who is running the BLS. Oh, wait…


This is what happens when you elect 80 year old people to be leader of the most powerful country in the world.
Anonymous
Post 09/03/2025 21:40     Subject: Re:Trump 47 Economy
Anonymous wrote:


Of course! These are partisan numbers clearly published by some leftist nut job who is running the BLS. Oh, wait…