Goldman cutting jobs. All 12000 developers are using a coding agent. AI is coming y’all.
The economy
- Thread starter Rastafarian
- Start date
Goldman cutting jobs. All 12000 developers are using a coding agent. AI is coming y’all.
Admittedly I haven't spent much time researching AI and the business applications, but where do we see the biggest impacts?
Coding agents is #1 at least in enterprise. Customer service is #2
i'd say anything repetitive or data gathering, just a thought
trump really underwater on tariffs and economy/prices in latest poll I saw on CNBC. There is thought that he has some kind of deal with Argentina on beef. That would help because our farmers have culled their herds and it will be a while before our supply is back to where it needs to be
This is called getting it done people. Another monthly surplus. He's starting to string them together.
WOW! The United States ran a nearly $200 BILLION surplus in September, Scott Bessent revealed
The deficit shrank by $41 billion
"September’s monthly surplus of $198 billion was the largest surplus of any September on record and 147% higher than last year."
"FY 2025’s deficit to GDP is now projected to be under 6%. And with continued fiscal restraint, we can reach 3% by 2028," Bessent said
HE WAS RIGHT!
WOW! The United States ran a nearly $200 BILLION surplus in September, Scott Bessent revealed
The deficit shrank by $41 billion
"September’s monthly surplus of $198 billion was the largest surplus of any September on record and 147% higher than last year."
"FY 2025’s deficit to GDP is now projected to be under 6%. And with continued fiscal restraint, we can reach 3% by 2028," Bessent said
HE WAS RIGHT!
Reserve Management Purchases. The fed is turning on the printing press today buying short term rates and the long bond jumped pricing in inflation.
Next week into the end of quarter 3X witch with approaching holiday volume reductions will be interesting.
Today started a cycle into the the 3x with index futures rollover
The Fed Is Buying Billions in T-Bills. Just Don’t Call It QE.: https://www.barrons.com/articles/fed-treasury-bills-quantitative-easing-deficit-9c6fd7ec
Next week into the end of quarter 3X witch with approaching holiday volume reductions will be interesting.
Today started a cycle into the the 3x with index futures rollover
The Fed Is Buying Billions in T-Bills. Just Don’t Call It QE.: https://www.barrons.com/articles/fed-treasury-bills-quantitative-easing-deficit-9c6fd7ec
"Bank of America global rate strategists dubbed the Fed bill buying as “financial RMP-pression” in a client note Friday. While the Fed insists the purchases aren’t quantitative easing, RMPs are to QE what beer is to drinking.
The Treasury’s emphasis on short-term T-bill issuance and buybacks of longer maturities seems an attempt to lean against the market. Economists term this “financial repression,” a politically more palatable means of dealing with burdensome government debt than tax hikes or spending cuts.'
The Treasury’s emphasis on short-term T-bill issuance and buybacks of longer maturities seems an attempt to lean against the market. Economists term this “financial repression,” a politically more palatable means of dealing with burdensome government debt than tax hikes or spending cuts.'
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U.S. Export License Approval: The U.S. Department of Commerce granted TSMC an annual license to import U.S. chipmaking equipment to its Nanjing, China, plant, which ensures uninterrupted operations and removes significant regulatory uncertainty that had been a concern for investors.
U.S. productivity just surged +4.9%. The strongest reading in nearly six years.
At the same time, labor costs fell –1.9%.
Higher output with lower costs is the holy grail: growth without inflation.
Put simply:
• Productivity jumped from ~3.3% to 4.9%
• Labor costs flipped from +1% to –1.9%
No surprise the Atlanta Fed’s Q4 GDP forecast just climbed to +5.4%.
Trump directing Fannie Mae and Freddie Mac to purchase $200 billion mortgage bonds
Quoted from Bloomberg
"Trump’s directive “blurs the line between market-driven utility and political manipulations,” said Kirill Krylov, a strategist Baird & Co., in a Friday note to clients. “Buying assets explicitly to manipulate mortgage rates reintroduces political risk into a market that has spent more than a decade trying to distance itself from such practices.”"
Quoted from Bloomberg
"Trump’s directive “blurs the line between market-driven utility and political manipulations,” said Kirill Krylov, a strategist Baird & Co., in a Friday note to clients. “Buying assets explicitly to manipulate mortgage rates reintroduces political risk into a market that has spent more than a decade trying to distance itself from such practices.”"
and yet members of both parties are pressing Trump to do something to make living more affordable.
Does Mamdani's proposal to take over private housing introduce political risk into the market?
come on man, this has been going on for decades...go back and look at Dodd Frank
And yet you are still upset that Trump is doing stuff to help Americans. TDS.
not me, I'm happy that Trump will do anything to bring down mortgage rates. I have condo on the market.
For some reason I thought your reply was dadar and that effected my response. I see you as down the middle fair but conservative in general while being in a show me mode with Trump and that's fine.
down the middle fair, lean conservative, independent voter and I do question quite a few of trump's decisions.
I'm criticized because I see both sides of arguments and ask for facts as opposed to feelings.
and I still have that condo to sell!
not disagreeing with George, but from what was reported on CNBC this morning the complaint to the DoJ was made by Rep Paulina Luna.
Are you really trying to give a pass to our no longer independent DOJ, corruptly doing Trump's bidding?
I would expect most people to be outraged but you can just say it's wrong.
Justice Department served subpoenas to the Fed over building renovations, Powell says
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
www.cbsnews.com
China's trade ends 2025 with record $1.2 trillion surplus despite Trump tariff jolt
Ccp commies love to put ot fake news just like the American counterparts.
China’s export numbers are fake and unreliable—and the West keeps pretending they’re gospel because the headlines are politically convenient. A strong CCP export print is often used to “prove” tariffs failed and to dunk on Trump-era trade policy. But China’s own reporting (eg China Business Network or Yicai Global, 上海第一財經) shows how the game works: real goods, fake attribution, shell firms “buy” export records, and subsidies reward the paperwork, not the production.
Result? Much inflated and fake state endorsed trade numbers.
That’s not trade strength, it’s statistical theater. A non-market regime needs numbers like this to bamboozle investors and governments. U.S. policy should treat CCP trade data as claims to audit, not facts to cite.
Canada's deal with China signals it is serious about shift from US
Carney says Canada's relationship with China has become "more predictable" than that with the US, as his country searches for trade certainty.
www.bbc.com
he's certainly right about predictability.Canada's deal with China signals it is serious about shift from US
Carney says Canada's relationship with China has become "more predictable" than that with the US, as his country searches for trade certainty.
Not sure it's in Canada's best interest to cozy up to China. But, it's their country.
The concern should focus on why China is seen as a more reliable trade partner than us. Who can blame Canada when our Dick-in-Chief spastically uses them as a punching bag on a whim.
I know Ned disagrees, but Scott Bressent is in way over his head. After working under Soros he was a failure running his own hedge fund. His drivel amounts to wait until next year.