Thanks for the response . I’m a small farmer. Small meaning I don’t move the needle either way. I put my head down and work my ass off, for nothing. Now, I’m not gonna complain for my situation. It’s family. As usually is the case with family farms. But I ain’t gonna shed a tear when all you “I’m not paying this and this, for my supper “, starts, y’all can kiss my ass. Actually, y’all can kiss my ass right now. Eat a frigging “no meat “ pizza, and enjoy.
Economic Inflation....the starting point of a new great depression?
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Unless you have no employees, work completely remote with no travel, and have zero inventory or overhead; you will be effected whether you realize it or not.
A multitude of things are all coming together to have serious negative impact on each and every person who works for a living. It's fairly incremental and diversified and swept under the rug by msm. So by the time people like you realize "oh...they were right" - it will be too late.
Actually, my brother, a 401K manager, says that it is a given that tech stocks will pull back (they cannot go up forever) while most of the other sectors will move up as the nation comes out of the pandemic. IIRC, he also told me that a huge % of the S&P 500 rise was due to five stocks, e.g., Apple, Amazon, Google. The other 495 or so were flat to a little negative in 2020 (don't quote me, may have the time frame wrong). The economy as a whole has a TOOONNNNN of money in savings and Wall Street, and once things open up, I would not be surprised to see a surge in spending and a strong recovery (lots of economists say the same)
Naturally, that first trip when only half the hotels and restaurants are open may be pricey (to say the least), but the economy fell so far, there is only one way to go.
Besides, as to the OP, gloomy forecasters have been correct on 15 of the last four recessions.
Yeah but you cannot spend more than you take in, in perpetuity...
Well, you can for awhile. I’m living proof. But yeah, no.
I’m not under the impression that gas would be cheap and our supply chain would be flowing smoothly if a Republican were president
There is definitely catastrophizing about the economy from right wingers going on. That said, I stand by my Jimmy Carter 2 stance. I see nothing coming from Washington that is going to do shit other than make things worse.
Hopefully, coming out of the pandemic Americans just absolutely ignore politicians and get back to the business of business. When we do that, we cannot be beat.
Hopefully, coming out of the pandemic Americans just absolutely ignore politicians and get back to the business of business. When we do that, we cannot be beat.
The Keystone pipeline disagrees.
Shipping, Labor, electric and regulatory cost have all gone up. Most places had to raise pay $1 or more on the hr at least a couple times the last year. Diesel cost up and you have to ship beef a few times to get to end user. Electric cost are up for refrigeration. There are people in government that hate meat and farmers. They are increasing the cost and mental stress in just trying to do business. Small meat producers are going out of business and we basically have 4 meat producers now.
Well shutting down 3 pipelines and suspending oil leases on BLM land isn't helping.
the cali shutdown is backing up shipping containers. there aren't enough drivers to drive what we have now. this isn't a problem thats going to get fixed in a month or 2. you are talking about finding a bottom before we can even start to build back the economy at this point. Britain is using its military to distribute gas. Germany just signed a deal with France for nuclear energy. We shut down too much for too long. We have a "just in time" model now and there wasn't any stock just laying around.
Everyone has heard of the chip shortage. Well its affecting Semi trucks now. Repairs are taking longer and longer and some parts are back ordered for months out. A record number of Americans quit their job in August... this is going to get worse before it gets better.
Don't worry about the transportation bottlenecks and supply chain disaster. Joe Biden will handle it when he finishes his nap.
Transportation Sec. Pete Buttplug has been on paid vacation since mid-August with his husband tending to their 2 newborns so he's clearly not worried about it.
Transportation Sec. Pete Buttplug has been on paid vacation since mid-August with his husband tending to their 2 newborns so he's clearly not worried about it.
Well I guess the positive about a non scientific mask mandate on your children is that you don't have to see them frown when there's no Christmas presents this year.
Choosing between Food or heat sounds like a socialist utopia
Choosing between Food or heat sounds like a socialist utopia
It's truly amazing that any national secretary of anything would even conceive of taking two months leave. Not even working remotely.... just on leave... incredible.
It's nearly equally as incredible that noone even knew or bothered to mention it
The media dgaf what this administration does. They're paid by the same masters and will cover for them as needed.
Democrats are all doped up on outrage and cancelling people over 10 y/o non-PC speech while ignoring incidents of real violence.
Your average freedom loving American who wants to work, live, and build a future for their family just hopes to make it through this insanity, if possible.
The shameless incompetence is so bad, it seems that it's part of a plan. That what worries me the most.
Democrats are all doped up on outrage and cancelling people over 10 y/o non-PC speech while ignoring incidents of real violence.
Your average freedom loving American who wants to work, live, and build a future for their family just hopes to make it through this insanity, if possible.
The shameless incompetence is so bad, it seems that it's part of a plan. That what worries me the most.
It is beyond comprehension that anyone could still defend this joke of an administration.
Everything has gotten so much worse over the last year. People are going to football games, concerts, and school activities again. People are taking vacations all over the country. Everyone has access to a good paying job. Many businesses are seeing record sales. The worst part right now is that people that used to work for $hit wages can quit whenever they want and go get a better job. How dare they.
Lol! It's so good that the govt is trying to tax 600 dollars checking accounts...to get....billionaires. I'm sure it totally has nothing to do with 600 dollars being the threshold for independent contractors.
Yes...inflation is fake and a hoax and high gas prices are something only wealthy ppl worry about. Those ships sitting at sea are fake too. And People totally aren't getting poorer by the day bc even with record tax revenues democrats are spending without ways to pay for it...like covid in name only bills in the spring and a 3 trillion dollar junk bill. Oh wait it's actually free too! A billion dollars a page and no one nows what's it it except nonsensical spending and accounting gimmicks, who cares...feelings!
Great news too...we have decided science doesn't matter and are going to try to vaccinate children who have .002% chance of death from covid...success!
Also- why's this happening...you claimed nothing out of the ordinary was happening at the border? Hitler!
You're doing great! Keep it up!
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First off I am not sure who my guys are. Trump is certainly not my guy. Biden is not either. Just pointing out things aren't that $hitty right now doesn't mean I am a Democrat it means I pay attention to reality instead of what people say about things on the internet. The internet seems to keep getting further and further detached from reality especially for the Cult Of Trump.
Second, yes there is inflation. Yes everyone worries about gas prices, but the bottom quartile of income earners is doing better right now than they have in decades. Many have had the opportunity to nearly double their wages just by quitting their job and taking another one. When your pay goes from $400 a week to $800 a week gas going from $2.50 to $3.50 still sucks but that doesn't even come close to eating through that wage gain and 6% YOY inflation doesn't either. So they are doing relatively much better.
Also I guess you believe independent contractors shouldn't have to pay taxes? I know for a fact that small businesses are by far the biggest tax cheats in America. At least the extremely wealthy use loopholes. Small businesses just lie about cash payments and keep them off the book. Why should I care how they are impacted as a corporate employee? I have to pay every damn dime of my taxes and I think everyone else should have too to. Funny how law and order never applies to taxation for the diehard conservative.
I don't agree with vaccine mandates so not sure what you want me to say about that though I do think given the facts as an adult you would have to be an idiot to not vaccinate yourself which shapes what I think of some of the posters on this board and their opinions.
Sigh...
Free trade based on comparative advantage is not a zero sum game; instead it raises the standard of living everywhere.
Knee-jerk protectionist policies promote inefficiency and cost consumers billions all while having the affect of a dead weight loss to the imposing nation.
Fair versus Free – The Future of Freedom Foundation
The Federal Communications Commission seeks to enforce a “fairness doctrine” on radio and TV stations. We suffered numerous “fair trade” laws, until they were declared unenforceable. One businessman vies with another in proclaiming his faith in competition provided that it is “fair.” Yet...
www.fff.org
I can show you some “real dead weight” if you got the stomach for it. Otherwise, get your pompous ass outta here.Sigh...
Free trade based on comparative advantage is not a zero sum game; instead it raises the standard of living everywhere.
Knee-jerk protectionist policies promote inefficiency and cost consumers billions all while having the affect of a dead weight loss to the imposing nation.
Fair versus Free – The Future of Freedom Foundation
The Federal Communications Commission seeks to enforce a “fairness doctrine” on radio and TV stations. We suffered numerous “fair trade” laws, until they were declared unenforceable. One businessman vies with another in proclaiming his faith in competition provided that it is “fair.” Yet...
You need to pay closer attn. Talk to some truckers or brokers and see what they say. Talk to some manufacturers and listen to their problems going forward. Inflation is at 30 year record high and it's not like its stopping anytime soon. Gas is going to $5 a gallon... so it won't just be that extra gas bill to drive but it's going to double shipping cost. The tech sector is propping up the stock market. Take out big tech and the s&p is flat to down 8% on avg.
People aren't quitting to get better jobs. They are just quitting working and going on unemployment. We added around 180000 jobs and there are 10.5 million job openings. I realize nobody wants to dig ditches or clean toilets but we are going to start having shit back up because of it.
I agree but the min wage has nearly zero effect on the economy or inflation. Only 1.5% of hourly workers make at or below the min wage in 2020 and since then more and more employers have bumped the hourly wage well above the minimum due to the labor shortage. We currently have a large number of vacant jobs
Characteristics of minimum wage workers, 2020 : BLS Reports: U.S. Bureau of Labor Statistics
In 2020, 73.3 million workers age 16 and older in the United States were paid at hourly rates, representing 55.5 percent of all wage and salary workers. Among those paid by the hour, 247,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.
www.bls.gov
Handing out boatloads of money during Covid when there was already a drop in aggregate supply was the dumbest things I have ever seen. All you needed during the lockdown was food and shelter. There was nowhere to go and all our consumer products were made in China.
Pompous?
For using terms like comparative advantage and dead-weight loss?
I'll show you pompous by using smaller words pumpkin.
When nation A can produce product X using fewer resources than nation B, and nation B can produce product Y using fewer resources than Nation A - that allows A ton trade X to B for Y and both are better off than before.
When Nation A passes rules that prevents trade, the companies in Nation A don't become more efficient and enjoy higher prices - which are paid by the people who buy their product.
As a result the total cost to Nation A is greater than the total benefit to Nation A.
I'm sorry if basic economics hurts you.
Now - THAT is pompous.
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And Republicans are all doped up on outrage over Aunt Jemima and Dr. Seuss and trying to convince people that a pillow salesman holds the secrets to overturning a presidential election. The extremists on both sides feed their gullible ilk craziness and they take it hook, line, and sinker.
You voted for joe biden, PC brain. How does it feel?
We are only now starting to see the true impacts of shutting down everything for something that very few were at risk from. Somebody has to own it.
I disagree. Shutting it down is not causing this issue. Paying people not to work is the problem.
All part and parcel of the same failed decision making.
Sigh...
Free trade based on comparative advantage is not a zero sum game; instead it raises the standard of living everywhere.
Knee-jerk protectionist policies promote inefficiency and cost consumers billions all while having the affect of a dead weight loss to the imposing nation.
Fair versus Free – The Future of Freedom Foundation
The Federal Communications Commission seeks to enforce a “fairness doctrine” on radio and TV stations. We suffered numerous “fair trade” laws, until they were declared unenforceable. One businessman vies with another in proclaiming his faith in competition provided that it is “fair.” Yet...
Yes, I think we need more textbook academic "free trade" with our enemy. Especially the communist country that wants to rule the world, uses slave labor, and controls manufacturing and distribution of damn near every key component needed to keep our country going, including high tech and even some of our gulp, military equipment.
You know, the one that "accidently" released the bio-weapon on the world when it was becoming likely that the successful non-establishment candidate would likely win another 4 years in office, continue hampering their business, and possibly spread his Nationalist philosophy around the world. You know, the guy who effed up that wonderful jewel of globalism, NAFTA.
Better to have a corrupt establishment puppet installed via a fraudulent election aided by the virus. A guy who will keep the money flowing to the oligarchs and implement as much big government socialism as possible so the stupid peons can be controlled and better "cared for". We need "equity" ya know.
At least we've got empty shelves Joe in charge now. I feel so much better about the future. And no mean tweets!
The fact that Biden is terrible doesn't excuse horrible trade policy by Trump. I felt Trump's tax policy and attitude towards deregulation were fantastic, so this is NOT partisan. This is about corporate welfare disguised as something else.
"Globalism"?
Technology and our desire for low prices and a wider array of goods makes isolationism impractical if not impossible.
Thomas Sowell says, "There are no solutions, just tradeoffs."
Check what Cato had to say about Trump's trade policy -
Biden's America and this is not even debatable. This has always been the vision of the left and it is now beginning to show it's ugly face on a large scale now.
the cali shutdown is backing up shipping containers. there aren't enough drivers to drive what we have now. this isn't a problem thats going to get fixed in a month or 2. you are talking about finding a bottom before we can even start to build back the economy at this point. Britain is using its military to distribute gas. Germany just signed a deal with France for nuclear energy. We shut down too much for too long. We have a "just in time" model now and there wasn't any stock just laying around.
Everyone has heard of the chip shortage. Well its affecting Semi trucks now. Repairs are taking longer and longer and some parts are back ordered for months out. A record number of Americans quit their job in August... this is going to get worse before it gets better.
PC Brain...I like the terminology lol. I'm adding this to my vocabulary Ida.
Biden IS Jimmy Carter II
(if a cinder block fell off a 3 story building and hit Jimmy in the head, forcing him to ride the short bus from now on.)
(if a cinder block fell off a 3 story building and hit Jimmy in the head, forcing him to ride the short bus from now on.)
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