Since my last post, the Machinists have turned down a 4 year contract with a 35% pay increase. The are now insisting on restoring the defined benefit pension they previously bargained away. I'm getting a bit tired of reading about that demand which I would describe as "fancifully nostalgic." Even governments don't do those any more.
Share price and activity indicates that Wall Street is okay with things, including an additional $15B in stock coming onto the market.
If they can raise the $19B overall that they're looking for, they should be in pretty good shape. They might be looking at closing down Washington State operations and moving everything to South Carolina or opening a new facility in someplace like Kansas though.
Four years ago, the Dow Jones was at 19,000 and unemployment was 9.2%.
Today, the Dow is 42,250 and unemployment is 4.2%.
Any questions?
~Scamp
The US economy seems to have pulled off a remarkable and historic achievement, a "soft landing".
Gross domestic product, which measures all the goods and services produced in the economy, expanded at an annualized rate of 2.8% in the third quarter, the Commerce Department said Wednesday. That comes after the economy added a whopping 254,000 jobs in September, inflation is a whisper away from the Federal Reserve’s 2% target and consumer sentiment jumped this month by the fastest clip since March 2021, according to The Conference Board, all signs of a robust economy.
“I think we should declare a soft landing now,” said James Bullard, former president of the Federal Reserve Bank of St. Louis. He’s one of several economists and officials who believe the economy has finally pulled off that scenario, in which inflation is tamed without a recession, an exceptionally rare achievement.
~Scamp
Anyone want to prognosticate on whether the Boeing strike will be settled before Boeing goes into chapter eleven? And, if so, what the outline of the contract will look like?
The consumer price index dropped to an annual inflation rate of 2.4% in September, the lowest annual level since February 2021.
Separately, weekly jobless claims surged to 258,000 last week, the highest number in 14 months.
~Scamp
“.....added 254,000 jobs and gave all of them to illegal immigrants.”
If you are going to post blatant lies, come over into the political forum where the rest of your MAGA misinformed minions post.
~Scamp
.....added 254,000 jobs and gave all of them to illegal immigrants. Here is a lottery ticket stock. LILM Lilium all electric jets. Trades at 80 cents per share. I bought a few but I know it is high risk for a reverse split as well as issuing more shares to raise capital
Flip, you only believe negative news so even if the adjustment goes up, you won’t believe it,
All of the economic news over the last six months has been positive and points to the US making the best post pandemic recovery of any developed nation, yet you refuse to give any credit or acknowledge that things are improving.
~Scamp
Lol wait till the adjustment on those numbers. Then brag
The US economy added 254,000 jobs last month and the unemployment rate dropped to 4.1%. Economists had projected 140,000 jobs were added in September.
The household survey (one of two that feed into the monthly jobs report) showed a 430,000 increase in employment and a 281,000 decrease in the ranks of the unemployed, which was the largest decline since early 2022.
“All categories of the unemployed — job losers, leavers, new and reentrants — declined last month, and the flows from unemployed to employed last month was the highest since early 2022,” said Michael Feroli, chief US economist at JPMorgan.
On a personal note, I paid $2.39/gallon for gas yesterday.
The good economic news just keeps on coming!
~Scamp
Yep, exactly.
OK fine - you have towers with a backside! ;-)
That might be common along the coast but for most of us, a tower is going to have antennas pointing out in all directions. Towers are expensive to put up so they attach antennas everywhere they can for anyone willing to rent space.
Probably get better AT&T service over the Atlantic than most of the US.
thats how AT&T explained it to me..........im located on the shore so they dont want to send coverage out to sea LOL
Didn't know towers had a "backside" - every one I've seen recently had umpteen bazillion antennas aimed in every direction. ;-)
if your on the backside of the tower you wont get much service the towers are aimed toward the center of the CELL
The antennas are aimed out from a tower so if you are very close then you are underneath the signal path and it might as well not be there.
Goodenuff: Not suggesting everyone should move to one carrier or another. Do what fits your needs. For us there is an AT&T tower less than a mile from us up on Henness Ridge that was put in to support Yosemite Valley visitors, and we know that their phones work fine down there (7 miles from our development) but we seem to be in a "shadow" even though we are 6 miles closer.
Have you considered a cell booster ? I had one on my old house for damn near 20 years and this current house for the last year, they work well. Vzw sells on that made by Wilson electronics, it's the updated version of the old one I had. It works.
"Verizon is the only carrier that gives reliable service when we are at our cabin..."
I have Verizon. At my cabin the locals and most others have AT&T. They get far better service than I do. The people (and their usual guests) with the cabin across the road from us have AT&T. 1 person across the road also has a Verizon phone provided by their employer.
Standing in their yard, neither of us get a signal with our Verizon phones but everyone's AT&T phones seem to work just fine. I need to go 5 miles away to get reliable service with Verizon.
Or I get a ladder climb to the top of my 2 story roof and stand on the masonry chimney cap- which is what the roofer did to call me a month ago.
Maybe I just need to install a telephone pole (ala Green Acres) to climb instead of dragging out the ladder.
@GGMM,
I disagree on the part about rebound from the mortgage crisis. I saw that as more of correction from the absurd run up DURING the mortgage crisis. That was driven by ridiculous underwriting. I.e . the financial markets' hunger for CDOs regardless of how stupid the underlying mortgages were. I think, in that regard, the pre 2007 bubble was more of a hump in the long term curve which ramped up with near zero cost of money after the financial crisis.
I agree about the breather though. At least in my local market. Perhaps your's too? I don't see it in Seattle though. Seems like more of just a pause there. Might be a good time to consider a mortgage application. Could be at a relative low when it comes time to lock rates in December.
I absolutely hate sending vzw a check every month but the service is hands down the best. Unfortunately
Do you ever think or research things before you post them?
I have been paying $79.73 after tax per month for 2-3 yrs. Unlimited data. Great coverage. And reasons why I left AT&T.
My phone was not free. I did an upgrade thru Best Buy. It knocked $100 off the price of the phone. And for the record, I don't buy $500-$2,000 phones. Manufacturing costs is around $20 for all of these phones.
Everything is not an argument nor reasons to troll.
Look how you spelled Verizon. Anxiety of being a troll.
Verizon is the only carrier that gives reliable service when we are at our cabin in Yosemite so whatever they charge is worth it to us.
