Im seriously considering going with another 30 been here 2 years but I'll gladly take the extra savings
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- Thread starter GaWx
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Im seriously considering going with another 30 been here 2 years but I'll gladly take the extra savings
Nerman
Member
Maybe not direct in a literal sense but historically unemployment (and payroll taxes) have always been tied to revenues. Yes? One wouldn't have to be an economist to assume your deficit should be lower at full employment when compared to high unemployment.
For example, the last time our budget was balanced was the year 2000. That was also the last time unemployment was 4%.
On the bright side goods are starting to move out of China again, so we should start seeing those at port in about 2 weeks. Since this isn't a US only deal we might not have the ridiculous port delays we had with the tariff so maybe by early april some goods will be coming back on line.
D
Deleted member 1449
Guest
Sell off heading into the weekend. No real surprise in my opinion. My guess is next week will have a lot to say regarding the longer term direction for the markets.
Flurry
Member
I'm looking into it as well right now....Just seeing what happens for a little while
Yellow Snow
Member
Only very roughly - and (as the science-minded folks in this forum know very well) correlation =/= causation.
-650 3:30. Time to run.
LithiaWx
Member
it’s trying to bounce up into the close. Hope it holds the next 20 mins
D
Deleted member 1449
Guest
We just refinanced a year ago. Should we do it again?
Nerman
Member
LOL OK Agree to disagree. ?
Federal deficit increases 26% to $984 billion for fiscal 2019, highest in 7 years
The gap between revenues and spending was the widest in seven years. Defense, Medicare and interest payments ballooned the shortfall.
Budget Deficit Topped $1 Trillion in 2019 (Published 2020)
The budget gap widened despite a growing economy, hitting its highest level since 2012.
U.S. Budget Deficit Grew 25% in First Four Months of Fiscal 2020 on Calendar Quirk
The U.S. budget gap totaled $389 billion from October through January, compared with $310 billion in the same period a year earlier, the U.S. Treasury Department said.
www.wsj.com
LithiaWx
Member
S&P and Nasdaq getting ass hammered compared to the Dow.
-450 nice!
We did a refi 2 yrs ago for 15 yrs..... I'm seriously contemplating it but I like the idea of having it paid off in 13 too. If I could refi for 10 with a minimal monthly payment increase that might be the way to go for me. Certainly the silver lining in the market woes right now, usually how things work... bad one area, good another. You know, cold/snowy in the west and warm/dry in the east and vice versa
-268
Nerman
Member
Margin calls and covers to finish the week. Same as last Friday. I wouldn't take it as a sign it's going back up. Anything can happen over the weekend and on Monday.
Downeastnc
Member
So -255 not bad after some of the mid day lows.....
Yep could quite get there. Good run though.
Yellow Snow
Member
Do any of those articles you linked demonstrate a direct historical relationship between the unemployment rate and the deficit, or nah?
The Dow closed 1,400 points above the lows that occurred intrasession last Friday. The total drop from the all-time high to last Friday’s low was 5,000 points. So, today’s close represents a recovery of 28% of that 5K point drop.
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Yellow Snow
Member
Yep, and still well above the 52-week low of 24,680. I'll take it!
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