Inflation

[over9k]

What would cause demand to contract?

People can't go out & do stuff so they just stay indoors doing SFA (watching tv or whatever).

Or were you taking the piss?

 

[frugal.rock]

I had thoughts that some of the demand contraction was actually a temporary inability to supply export product, because they were all locked up going loony, and not at the factories floor's.
Surely the Apple plant incident wasn't isolated, we just got to hear about it due to it being such a big foreign company.

 

[divs4ever]

I had thoughts that some of the demand contraction was actually a temporary inability to supply export product, because they were all locked up going loony, and not at the factories floor's.
Surely the Apple plant incident wasn't isolated, we just got to hear about it due to it being such a big foreign company.

it MIGHT have been isolated ( or one of a selected group ) and it MIGHT not be a coincidence , remember some have placed tariffs and other bans on China , China has responses without resorting to naked violence

i believe F-35 production has hit a glitch over a trivial component ( a hi-tech magnet )

complex machines with heavily out-sourced components can have ( supply ) weak spots

according to Sun Tzu , all war is based on deception , so does China think it is being attacked ( or preparing for a major war ) ?

 

[mullokintyre]

according to Sun Tzu , all war is based on deception , so does China think it is being attacked ( or preparing for a major war ) ?

If indeed Tzu is correct, China has been at war for the last 50 years.
Mick

 

[divs4ever]

If indeed Tzu is correct, China has been at war for the last 50 years.
Mick

well i was in Hong Kong in 1990/1 ( when still under British Administration ) and the locals politely hinted them had not forgotten the Boxer Rebellion era

now sure Taiwan has more closely embraced the West , but China ( and North Korea ) have not completely trusted the West since the Japanese occupation of Korea , Manchuria , and China ( which pre-dates WW2 )

now for sure you can become an acceptable trading partner with China ( and Chinese business in general ) by fair and honest dealing ( they have thousands of years of experience in dishonest dealing and endemic corruption , they know plenty of strategies , once the gloves come off )

in previous years you had with the Chinese , you had difficulties at the wharves ( in or out ) , Customs problems , , moves in tariffs and duties , etc . etc etc remember MOST of China was a Communist nation since 1947 ( and effectively more anti-West than the Soviet Union ) especially after the Korean conflict started

relations softened for a while , for sure , but for various reasons they have kept their guard up , with few exceptions .

there was always going to be rivalry , because China has the population to become the dominant economy ( at least until India surpasses them later this century )

AND the West has basically behave like collections of pirates for over 500 years ( that was mostly Europe for the first 300 years of that )

 

[waterbottle]

People can't go out & do stuff so they just stay indoors doing SFA (watching tv or whatever).

Or were you taking the piss?

Taking the piss

 

[over9k]

Taking the piss

Phewf, I was going to say...

 

[waterbottle]

Microsoft announces 11000 job cuts...

 

[qldfrog]

Microsoft announces 11000 job cuts...

Ctrl+X

 

[frugal.rock]

Microsoft announces 11000 job cuts...

"A Microsoft spokesperson told AFP that the company would not comment on what it referred to as "rumor."

"Meta announced in November the loss of 11,000 jobs"

Microsoft Set To Lay Off Thousands From Today: Report

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday.

www.ndtv.com

 

[over9k]

 

[waterbottle]

And theres a chance they keep going above the 5% target....

 

[mullokintyre]

Meanwhile in Australia, unemployement remains steady at 3.5 %, despite a "surprising" loss of 14,600 jobs in December.
But thanks to a fall in the participation rate, and some seasonal massaging by the ABS, the unempplyment rate did not change.
From Evil Murdoch Press

Unemployment held steady at a revised 3.5 per cent in December, after the number of jobs fell by a surprise 14,600 in the month.

The seasonally adjusted figures from the Australian Bureau of Statistics showed a fall in the workforce participation rate from 66.8 per cent to 66.6 per cent. That result allowed the key jobless measure to remain unchanged from November despite the fall in employment.

Not surprisingly given past performance, the pundits got it wrong (again).

Economists had projected an additional 25,000 jobs would be created in December, and for the unemployment rate to remain stable.

The underemployment rate – which measures the proportion of workers who would like more hours but are unable to find them – climbed from 5.8 per cent in November, to 6.1 per cent in the latest data.

Taking a leaf from the US BLS, the ABS revised last months unemployment up 10 points.

The ABS revised the November unemployment rate up from 3.4 per cent to 3.5 per cent.

Wonder if the December figures will be revised down next month?
Mick

 

[JohnDe]

Meanwhile in Australia, unemployement remains steady at 3.5 %, despite a "surprising" loss of 14,600 jobs in December.
But thanks to a fall in the participation rate, and some seasonal massaging by the ABS, the unempplyment rate did not change.
From Evil Murdoch Press



Not surprisingly given past performance, the pundits got it wrong (again).

Taking a leaf from the US BLS, the ABS revised last months unemployment up 10 points.

Wonder if the December figures will be revised down next month?
Mick

Why should we read an article from an 'evil' news source? Surely it would be false and misleading, so as to make us fail. Or are you 'woke'

 

[CityIndex]

Looks to be a slight divergence in sentiment between here and in the US.

Weak data from the American economy sparked a sell-off in equities overnight as it appeared like the concern for traders was shifting away from interest rate hikes and towards a recession.

On the other hand, the ASX rallied after today’s miss in AU employment numbers, with local traders seemingly still more focused on the possibility of a slowing economy meaning further dovishness from the RBA.

All trading involves risk, but it will be interesting to see if this move higher holds into the close and, of course, what the reaction to price action Wall Street is tomorrow.

 

[mullokintyre]

Why should we read an article from an 'evil' news source? Surely it would be false and misleading, so as to make us fail. Or are you 'woke'

There are some here who believe anything that comes from the Murdoch press is fake news, or Right Wing Conspiracy theories, or just plain wrong.
I prefer to read and understand the contents rather than worry who the editors are.
mick

 

[Knobby22]

Fascinating analysis into why unemployment went up from Alan Kohler.

Thursday Finance with Alan Kohler

Unemployment is steady at 3.5 per cent, after November's jobless rate was revised higher and on the back of an estimated 14,600 jobs being lost last month. Alan Kohler on that, and how the revision caused confusion.

www.google.com.au

 

[waterbottle]

Jobless claims in the US well below expectations overnight. More reason for JPowell to continue hiking...

 

[over9k]

Yep, and energy is as core as it gets

 

[CityIndex]

WTI looks to be facing resistance near its 100-day EMA again, edging lower today after 2 straight weeks of gains on the back of China’s re-opening. Price is also currently holding right around its 100-week EMA which has provided resistance for the last 9 weeks. So perhaps the market is gearing up for a new leg lower?

However, all trading carries risk, and if oil manages to break higher from here, it could be having an interesting impact on the current “inflation is peaking” narrative.