No Name, It’s lit

[Image]( EMAIL}/redirect (Advertisement) By Jeff and Jason - Dec 09, 2019 on Raging Bull If the US economy was the NBA, the [US job market]( would be averaging a triple-double … for the last 10 seasons. FFS, the economy’s monthly gainz record is longer than the Harlem Globetrotters wins streak vs. the Washington Generals. And put simply… the unemployment rate has [no regard for human life](. You get the point… Let’s go to the tape, shall we? The numbers don’t lie when it comes to the [expansion]( of the US job market… - US employers added 266k non-farm jobs vs. an expected 187k in November. Why are economists always hating on the George Miltons and Lennie Smalls of the world, anyway? - The jobless rate fell to 3.5%, matching its lowest mark in 50 years. - Wages rose 3.1% vs. a year earlier. - The economy has added jobs for 110 months straight. And apparently, all economists are insufferable mothers who refer to their 2-year-olds as "24 months old." The transportation, healthcare and hospitality industries led the charge. Showoffs. EMAIL}/redirect (Advertisement) Jobs numbers are healthy… is the rest of the economy? “It’s complicated…” - US economists… and your ex who sends “U up?” texts at 3 AM Technically the US economy ain’t what it used to be. GDP growth slowed vs. last year. During the year of our Lord 2018, Gross Domestic Product grew at 2.9%. In Q3 2019, it grew at just 2.1%. And during similar periods of job market expansion, GDP grew by upwards of 4%. Imagine what it would look like if it hadn’t just gotten out of a cold shower. Plus manufacturing optimism hit a snag last week. The Institute for Supply Management’s purchasing manager’s index unexpectedly [dropped]( hinting at a contraction in the manufacturing sector. Read: not good. But… US consumers are doing their best to make sure the land of opportunity doesn’t end up like the *shudders* the EU. Despite less-than-stellar wage growth and escalating trade concerns red, white and blue-blooded Americans are doing their part by spending like it’s going out of style. The bottom line... It’s a good time to be an employee looking for gainful employment. Tough break for deadbeats looking to blame the economy for their joblessness. How good is the job market for the average worker bee? Apparently good enough for employees to [ghost]( their first day of work after accepting an offer at an alarming rate. Bottom line: “Yet my Uncle Ed still can’t find a job because of this ‘f*cking economy, man.’” EMAIL}/redirect (Advertisement) ☑️ "I kinda thought it would be bigger." Ugh, don’t you hate when that happens? The infamous Goldman Sachs - Malaysian 1MDB scandal [might be settled]( for a much smaller amount than expected. The Justice Department and other federal agencies are seeking penalties between $1.5B and $2B, with the majority of the payment going to the JD. This would put an end to the ongoing probes by the Justice Department, SEC, and Fed, however, GS is separately negotiating with Malaysian authorities. GS stock jumped 3.44% on the day. ☑️ I'm not going to call him dad. Papa John aka John Schnatter, [filed a lawsuit]( against advertising agency Laundry Service for allegedly recording the May 2018 conference call without Papa’s knowledge and leaking excerpts to Forbes, breaching the companies' nondisclosure agreement. Which call is that again? You know, the one where he said the N-word? He’s seeking unspecified damages, but all net proceeds would go to charity. Oh, and his wife filed for divorce on Friday. Tough weekend. ☑️ Shot down. The SEC [rejected the NYSE’s proposal]( to allow fundraising in direct listings on Friday. The proposal, which was submitted on Tuesday (quick turnaround time for a government agency, tbh) would’ve benefited companies going public that forego the traditional route of an IPO, a la Spotify and Slack. This option, which is becoming increasingly popular among companies that don’t need to raise cash (read: NOT Uber), appears to be the route Airbnb will go when it IPOs in 2020. ☑️ Billionaires have a sense of humor too. Don’t you hate it when billionaires are misunderstood? That’s presumably what happened to Elon Musk in July of 2018 [when he tweeted]( at Vernon Unsworth, a British cave explorer attempting to help the Thai soccer team stuck in a cave, calling him a "pedo guy." A jury Friday ruled in favor of Elon, stating that the tweet did not amount to defamation. Unsworth didn’t help his cause by rocking a creepy mustache and trench coat to the courtroom. 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