Latest Breaking News

BumRushDaShow

(146,386 posts)

2. Well the business media analysts

Fri Oct 4, 2024, 09:26 AM

Oct 2024

apparently use statistical models to come up with their estimates and IMHO, none of them were able to handle the massive, one-off circumstance of a triple-whammy of incidents that happened in 2019 - i.e, a pandemic, globally-impactful "war", and climate change.

The last time something like that happened was around the 1918 - 1919 time frame, with the "Spanish Flu", WWI, and major weather events (severe freezes that impacted crops and commerce in 1917 - 1918). That was just a few years after the formation of the Federal Reserve (which I believe came into existence in 1913).

And yes, this continues removing the GOP "talking points" that describe a dystopian America of their fictional creation.

Edit history

Please sign in to view edit histories.

Recommendations

3 members have recommended this reply (displayed in chronological order):

wolfie001 peppertree CaptainTruth

11 replies

= new reply since forum marked as read

Highlight:

U.S. job creation totaled 254,000 in September, much better than expected [View all] BumRushDaShow Oct 2024 OP

If the economic forecasting gurus are just that how can they be so wrong on these numbers? NoMoreRepugs Oct 2024 #1

Well the business media analysts BumRushDaShow Oct 2024 #2

Amazing. We'd be in an all-out banking collapse had Cheeto succeeded in stealing the election - LOSING 250k jobs a month peppertree Oct 2024 #3

I blame Biden and Harris for this IronLionZion Oct 2024 #4

Yep Yo_Mama_Been_Loggin Oct 2024 #6

I believe it. I just got offered several more jobs, I might have to turn them down, or 4lbs Oct 2024 #5

There was a rash of high-profile tech layoffs earlier in the year. Shermann Oct 2024 #10

Yeah, I read that. About 10,000 people laid off when several high-tech companies went under or downsized. 4lbs Oct 2024 #11

This plays right in to TSF's story of the economy being a disaster RainCaster Oct 2024 #7

It's a big FAIL BumRushDaShow Oct 2024 #8

This is great news, not surprising PennRalphie Oct 2024 #9