Things not looking great. Friends with businesses are doing their best not to let some of their workers go, as new contracts with customers are less frequent. Yet, the stock market happily chugs along, detached from real life.
pull down to refresh
21 sats \ 0 replies \ @Rothbardian_fanatic 4 Nov
This seems to be going on around the world at this time. There is a reduction in.economic activity on the part of the consumers.
I don’t wonder why, though.
Governments are crowding out people in the money markets and creating inflation.
But it is puzzling, there is not more spending rather than less to protect the value of fiat received.
Perhaps all economies are suffering at this time.
reply
10 sats \ 1 reply \ @Bell_curve 4 Nov
Preliminary jobs report for October in USA was 12,000 new jobs (expectation was 100k).
This report is preliminary which means the next revised report will show fewer jobs, possibly negative?
reply
21 sats \ 0 replies \ @Rothbardian_fanatic 4 Nov
Imagine that!!!! The BLS has been reporting the steaming, stinking pile of misinformation for the last few years. Why should they stop now and give the real, negative jobs news that they have?
reply
10 sats \ 1 reply \ @IamSINGLE 4 Nov
Do you have contracts with customers for retail sales? It's surprising, we don't have such a thing here.
reply
0 sats \ 0 replies \ @Rothbardian_fanatic 4 Nov
Yes, vendors customers usually make contracts with them. This is mostly on a business-to-business basis. There are implicit contracts with consumers/customers about fitness to purpose and such, but not a contract, per se, other than the buyer/seller agreement (contract).
Every sale is a contract.
reply