A number of reports this week show that the labor market remains resilient to the Federal Reserve’s attempts to tame inflation by raising interest rates and cooling the economy. The reports stoked investors’ fears that the central bank will continue with its painful hiking regimen well into 2023. The Dow ended the day down 340 points, or 1%. The S&P 500 fell 1.2% and the Nasdaq Composite was 1.5% lower.
“If you see the indicators in the labor market and if you look at very sticky components of inflation like services inflation, I think it’s clear that we haven’t turned the corner yet on inflation,” Gita Gopinath, the IMF’s second-in-command told the Financial Times this week. The IMF’s advice to the Fed, she said, was to “stay the course.
How does this make any sense? This is all made up bullshit
YAY CAPITALISM!!!!!
Ever try to talk an addict down from the ledge? The rich dgaf about American workers. They only care about themselves. It’s called addiction and America needs an intervention with these greedy capitalist ghouls.
Tax capital gain at the same rate as earned wages and under the same terms. Add a Financial Transactions Tax.
It sounds like the capitalists WANT a recession
Healthy and sustainable ☺️
It’s a scam.
Failed state
Lotta shorting going on….
Oops saying the quiet part out loud again. The Oligarchs will not be happy about this CNN!
“Gud for the people might mean we can raise prices on those rebel scum. And call it inflation! And to defeat that, we must crush the workers”
Wtf? God forbid if people are working.
Hey, social media person. You don't have to do this.
Oh what a feeling when everyone having a job is a bad thing. 💃
This is so evil lmao, just giving the game away that stocks and prosperity of the country have zero relationship
My stocks actually went up that day
Who’d’ve thunk people working was bad for business
Our metrics for a good economy should be human flourishing, not Wall St.
Good
Lol no. Continued rate increases because the economy is booming spooked investors
So basically the rich are only happy when there are more poor people. Artificial scarcity is the engine of capitalism.
Simply put…investors want ROI. A bad economy for the working class is good for them because they spend far less when wages are low and unemployment is high.
Wow, real normal stuff for a remotely sustainable system
good
And, back up on Friday.
perfect system
here's to another 300!
Explain why it 'spooks' investors?
What is wrong with the economy when investors are spooked by strong jobs data? Shouldn't that be good economic news? The market is messed up, greedy, corrupt, & fixed for the few at the expense of the majority and the nation's future.
HC_Richardson Take note: When jobs reports are good the investor class loses. That tells you the investor class is not on the side of working people.
prisonculture what a joke of an economic system we need to end the power of 'investors' entirely, we need a democratic economy
HC_Richardson Why would strong jobs market spook investors ?
HC_Richardson 😆
HC_Richardson Or maybe, you know, it’s the wackadoodle shenanigans in Congress making for an unpredictable future…
hate reading these headlines considering we will never change
.... Yes. I'm sure it was the 'strong jobs data' and not the 'completely dysfunctional US House of Representatives.' 🙄🙄🙄
Christ what the hell am I going to do without my reserve army of labour?
huh?
maybe these investors should consider getting real jobs instead of being losers (like they currently are)
it's almost as if what defines a 'strong economy' is actually very bad for people who work for a living
Capital holders just hate it that they longer have leverage over workers. They have been screaming about the need for mass layoffs for a year to no avail.
getsummari summarize
We need to get rid of investors.
God I hope posting online can fix things like this.
Wall Street investors when they find out workers might have options.
God forbid we should be glad people are employed and can afford to keep businesses going.
what
Great Job Democrats! Keep spending money on Ukraine and Illegals. Remember the Infrastructure bill that never has done one thing for actual roads etc. WAKE UP!! LYING FAKE NEWS cnn wont cover the truth!
This is why I hate the stock market. More people WORKING, making MORE MONEY, and that's a BAD THING? That's &%ing nuts!
Oh no, creating a class of people who can actually afford to buy things. An economic disaster!
Yay! Crapitalismo!
More Jobs=Bad for the Stock Market
Maybe because anyone with a functioning brain knows that the report was citing “SEASONAL” jobs. Many companies have already began layoffs as 2023 is expected to be just as brutal as 2022.
What this tells us seems pretty clear: the healing won’t begin until a recession slows everything, including the job market, and people build trust in the market again—trust earned through pain and economic hardship. It has to crash before people will be willing to build it up
Makes sense if you don't think about it lmao.
lib_crusher very normal and functional economy, where low unemployment and increasing quality of life are bad
Yes, Americans have jobs and are being paid more. How terrible. Truly these are the end times.
You really think it was strong jobs data that caused the Dow to crater CNN? Seems like a stretch. It's more likely the GOP sh*t show in the House right now. They can't even get it together to pick a freakin' Speaker! 🙄
Strong jobs data spooked investors...Um What? - so investors prefer people not have jobs then?... and Democrats are the Socialists?
All those plebs getting paid scares the bosses.
Everything spooks them. 401k is more like 101k rn.
But, but, I thought we all liked strong jobs results....... Oh, hang on...... does that mean wages will rise? Aaaaaah, I see. Less profits for the casino market players. That's BAD, isn't it? 🙄
Let’s see if everyone sees this and realizes capitalism doesn’t give a fuck about them.
Watch it change when the speaker issue is resolved.
So the jobs report is bad news⁉️ WTH 🤯
It's crazy how that works 🤯🤯🤯🤯🤯
This is Fake News propaganda
Why would they be spooked by strong jobs data? That makes no sense.
Only followers of CNN would like the DOW dropping and regular Americans loosing their 401k's.
What!!