Posted on 01/12/2022 5:55:52 AM PST by Browns Ultra Fan
“..At the very least they have been accomplices. That’s why not much will change if R’s take back congress. It’s all a big con game....”
^THIS^
They’re all UniParty hacks, except for a very small number of em. How many times has jackass McConnell snatched RAT defeat from the jaws of victory? Very telling.
Sure, they all wear different hats and tell different lies to their unwashed constituencies, but the bottom line is they all have the same goals/agenda, and it sure as heck isn’t to MAGA.
Didn’t in the 80s.
Time to unwrap the Midterm Variant.
And the Dow is up over 100 right now.
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That’s part of the problem (or symptom).
We have case of high inflation, limited supply and near zero interest rates.
If the interest rates were following the Taylor rule, people would put their money in savings, and inflation would go down.
Since money in savings are loosing value at the rate of 7% a year, people instead invest in stocks (they kind of follow inflation) or buy stuff. Investing in stock rises DOW, buying stuff with limited supply rises inflation. We are getting both.
Stocks tend to represent real value of undermining businesses. If price of everything goes up, then the price of businesses goes up, which means stocks go up!
The Market Ticker has been saying that there are a million plus people not working and not on welfare.
Death’s other than covid maybe.
I am seeing issues myself. A capital project just doubled in materials costs IN THREE DAYS.
We are going to fall off a cliff, and before someone says “midterms” that won’t matter. Voting after you step off the edge of the grand canyon doesn’t do much good.
Ginger Jen say everything is okay. What’s the problem? Xiden has the best record on this gangbuster economy in 40 years!
Xiden, more correctly Jill, don’t care about no stinking debt, deficit or anything else beyond what they can get MSM shills to parrot out nightly that fits their lies. It’s only about the power-of-now...
Labor in the US is fungible. High labor costs can be outsourced to China and other places outside the US. Energy costs are the primary drivers of inflation.
Sure, they all wear different hats and tell different lies
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They’re professional liars and dissemblers. DC is chock full of them.
I don’t pretend to fully understand what we are seeing. Frankly, I don’t think the experts understand what is happening because everyone understands their specific field of expertise and not the next part. Hell, most of them cannot admit that printing more money is NOT the answer.
However, regarding your point about wages vs labor it appears that businesses (most of whom are already hurting after the last two years) are still unable to hire needed workers to operate at whatever the new capacity is given the number of help wanted signs that I see.
While it is a muddled mess I do know one thing for certain. IF you can stay at home and collect a free government check for doing nothing vs work and only make a little bit more each week the math shows the government, even more than the economy, is crushing business.
We still have a lot of mom and pop restaurants for example who are functioning as take-out only because they claim to not be able to find (or afford) workers to do sit-down dining.
I live in a red area of a blue state and their policies on elevated wages are clearly not sustainable in the present market despite the large price increases in products.
While the price I pay for a basic product will go up it does not mean more money for “wages” because the cost for businesses are rising even faster due to the supply chain (disruption and price increases of raw materials).
Our economy appears very disjointed right now from the top down and printing more money for the democrats to spend on pet projects is NOT going to help! There is only one good answer as the first step and that is to try and stabilize the dollar to rein in inflation.
While that will not fix things quickly it is certainly necessary because blowing up the dollar breaks everything. Regardless, it will take a very long time to unwind this mess and I think more and more people are realizing it despite the pumping that the Fed continues to keep the stock market going.
In a sense we live in two economies. The global elite have theirs and the rest of us live in ours. That is what it looks like right now. It almost appears intentional and while we are likely to elect a Republican or maybe even Trump in 2024 I don’t see how it would be possible to see the roaring economy we were witnessing only two years ago so it is just as likely they will get one-term to try and fix it and the left will promise to fix it with government spending again.
A vicious cycle indeed.
Yep. Even the ultra-liberal economist, J.M. Keynes, acknowledged that "prices are 'sticky' on the downward side."
There is a split going on.
There are a lot of people just stepping out of the workforce. They will not go in for any price, and will be out till circumstances either remove them from the board (death) or they are forced back in. Which I do not want. Most of these were retirement age folks, but a great many were prime working age men who, with no families or entanglements, are finding that living on welfare isn’t that bad.
The second thing is there are people who are leveraging their willingness to work and trying to grab some lost purchasing power back. This is good overall, but no company wants to increase wages. You never get to take that back (or only in extreme situations). SO while the starting wage for fast food is now $16 here, they are cutting hours left and right because their margin can’t support it. Locally, even the drug stores are closing down because they can’t find staff to work at the price they can pay to make the investors the money they demand. The investors are looking at closing stores rather than take a hit on the ROI. A bit nuts, but that is the situation.
Throw in the OSHA crap, and we are in nutty land.
We are heading for a crash, and I think we are already in it. Ford, GM, Dodge, etc are not making vehicles because they can’t get chips. So their suppliers go under because they don’t have the reserves to survive two years of no orders and keep Wall Street happy. Now the auto guys get pinched because they can’t get the hardware for head lights, bumpers, etc.
This is every industry. I have a critical project that is delayed for 18 months. It fails, we go down. I can’t get the parts. My staffing is decent, but the pressure to not raise wages is VERY high, even if that means we end up cutting production.
This is the coffin corner. No way without major pain.
Shadow Stats has us at about 11% inflation; I’m expecting them to go higher once they update with end-of-month data.
Still unsustainable when all the other factors are factored in. Still painful to ‘We The People’ which IS the plan with this current administration.
http://www.shadowstats.com/alternate_data/inflation-charts
The Taylor Rule has been used for close to 30 years. (1993, Stamford University) It’s been adopted/used around the world. Professor Taylor has had more than his ‘15 minutes.’ ;)
https://thebusinessprofessor.com/en_US/economic-analysis-monetary-policy/taylors-rule-definition
A lie or stupidity on your part. Total BS. Stopped reading right there.
Thanks for the info!
But no bad Tweets!
And Republicans. Many, many Republicans including Congressman and Presidents.
Exactly. This is the swamp - in which democrats and republicans are deeply entrenched. It has nothing to do with D or R. That's a façade designed to distract and divide us. And it works tremendously.
At least you could buy it. I was in my local grocery store today and, other than a few small carton specialty items, there was no milk and no gallons at all.
...and the stock market is higher today. Go figure.
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