@Rush51
Good Lord, I've always pegged you as a pompous fool & you never let me down. Mr.Know it all...yup, you have all the answers. But how is it that I've forgotten more than you'll ever know?
I'd offer you a penny for your thoughts but that sounds a little pricey to me.
BWHAAAAAAAAA
@Midnight1
Judge Judy wrote a book with a title of "Don't Pee On My Leg And Tell Me It's Raining." The book came out in 1996 & was a best seller.
C'mom kc...ya'll didn't know that?
Re imigrants in the workforce, history shows they perform jobs most Americans won't do.
Look at it this way, 2 out of 3 Trump's wives were immigrants. Proving once again we need immigrants to do jobs Americans wouldn't do.
Different generations we are talking here, I wasn't even in HS yet when that book was published. Never heard of it but yeah I know her from TV. I think she has a home in Naples actually but I digress....
Apparently you thought I was talking about YOU directly when I made the comment.... my entire post/this thread was about the inflationary environment we continue to battle and some reasons why but then you have the FED acting a fool and the regime MSM telling you stuff like eggs are cheaper now than in 2020 and trying to pull the wool over the publics' eye with shit like not being able to explain the difference between inflation and rate of inflation. Simple, hence the quote.
Not sure where your tangent on immigrants comes off. I clearly stated these are statistical data points I'm sharing, no commentary anywhere on why or how immigration has helped replace the workforce and one of the major reasons for continued low employment numbers. Again, to my knowledge, this topic has not been discussed anywhere and was a very interesting reason to why the labor force continues to show strong numbers. You want to twist it into some other discussion please do so in a different thread on a different topic 
@kcblitzkrieg
He is suggesting that some of the blame for illegals finding jobs as they have and as some of you guys are faulting (jobs filled in the last X periods are illegals) are due to the factors of businesses not paying US citizens to the point that supply meets demand for labor AND that the US worker does not want to do the job that illegals are doing and so illegals are finding work due to aspects of the economy and workforce that we have control over.
Down here it is evident every single day, I see minorities doing certain jobs and few YANKS doing those jobs as a narrative, I also know that many homebuilders down here use cheaper labor so the company can make more profits, that has been going on for decades...hard labor at a discount rate and home builders use this day in and out, hell even homeowners try to nickle and dime landscapers to the degree that many who have costs and pay fair wages cannot compete with cut rate illegals and minority outfits that come and go. For example in my neighborhood most people pay for weekly service for their lawn/landscaping or to fix an issue with drip systems..well out of all of the homes that have services done I can tell by the workers, the trucks, the equipment which are legit and are paying taxes, proper wages, licensed and bonded etc and those who do not...its not tough to see. So the market wants lower costs and illegals service that market all the time and thus we are demanding their labor and they know it and come to provide it. I also see day laborers in certain areas of town that are standing in the mornings looking for work for cash and that has been going on for decades, I know people who use those workers and I am very very positive they are not legally here through proper channels.
@Rush51
This isn't even about capitalism... If the FED had been doing its job in 2008 (which part of it is overseeing the banking industry), then the collapse never would have happened. Too many financial institutions were "overleveraged," and the FED was asleep at the wheel as the system cratered.
The "guardrails" were already in place in 2008,.... but they (The FED) failed to do their job.
The "collapse" really didn't happen, that was my point. Capitalism's bust cycle was "rescued" by Bernanke and not allowed to play out. The casino is still open and running hot
@wallstreetcappers
"illegals" ??
I never mentioned illegals nor did Midnight. I never commented or said I had a problem with foreign born workers taking up the slack of a missing portion of the workforce. He brought up the dynamic you outlined and then stated, "and you have a problem with that?"
Which is of course ridiculous as no where did I state any commentary or critical thought on the data. I thought it was a great educational opportunity for us all and shed some light on the topic of the record low unemployment numbers and the continued effects on the real inflation rate. Again, I'm merely sharing information that was previously never discussed.
Perhaps the data / links were not read. I mean, it is a twitter link and I know how some of you guys around here are allergic to twitter. All it did was then link you to the FED govt data sites.
https://fred.stlouisfed.org/series/LNU02073395
Anyway, the scenario you outlined is reality yes. I have no issue with that reality. As the kids say, it is what it is.
Moving back to the subject matter of the thread....
JPOW:
"we don't need to be in a hurry to cut. We can wait, and become more confident, before cutting rates"
Oh, ok cool Jerome, good to know..... meanwhile...
The Fed's preferred inflationary measure PCE rises to 2.5%
We can now officially say we have rising CPI, PPI and PCE inflation.
@kcblitzkrieg
It was mentioned earlier that the FED was not properly acting and was in part responsible for 2008 and of course that is false, the FED is not a banking regulator nor are they remotely skilled to be in front of cheating capitalist corps who are better funded and agile to be ahead of ANY regulatory body, the FED used monetary policy to try and balance several of their directives including inflation, labor markets, economic excesses (recession, excessive expansion) and they have severely blunt instruments which do not work and part of the reason why their instruments are blunt and ineffective are due to the cheating abusive capitalist banks and financial institutions and hedge funds. Monetary policy in its theory is meant to control outcomes and that happens when the FED either increases or decreases reserves with an intended purpose to accomplish a goal. The problem is that banks are scamming the FED and thus monetary policy is very ineffective relative to the past. If the FED increases money supply but the supply does not cycle through then the result cannot be accomplished. If the FED constricts money supply and banks use the opportunity to gouge then the result is also not accomplished. The reason why the FED could not move the inflation needle with monetary policy is because banks were not passing reserves through so lending did not increase remotely to what the reserves were at the origin. So instead corps used ZIRP to expand supply to make up their profits. The economy was in a recession and thus prices dropped well the FED cut rates to stimulate the economy but it did NOT stimulate through the whole economy..banks scammed the FED, large multi nationals used ZIRP to produce more to cover the loss of margin to make their profits, the true purpose of ZIRP was never realized and ZIRP did not cause the current inflation we are in the middle of, nor will the contraction of monetary policy lower inflation.
Inflation cannot be controlled with monetary policy because monetary policy only works to say a 25% effective rate. Our inflation issues are due to two things- JIT inventory constraints and corporate greed. The only true way we as consumers can tame inflation is to shift the demand curve...stop consumption and force corps to lower prices and lose excess profits.
The FED can jump from this indicator to that indicator, it really means nothing since they have little impact on controlling the economy and they are not regulators this is not a communist state run economy so the government, the FED cannot materially move indicators with any sense of reliability. In the past if the FED had ramped rates like this, inflation would have been reduced, if the FED turned even CLOSE to ZIRP then inflation would have gone up...the FED had to go to historic ZIRP levels for extreme lengths of time and it did absolutely nothing.
The market loves low rates, that is fuel for the stock market and multi national corps and thus profits but the economy really has limited impact on monetary policy to any large degree.
@wallstreetcappers
Some of these financial posts you should have as "sticky" threads up top the forum that can't be edited or don't go away. Then we can just refer people to the thread that shows a post like yours above.
I shared this sentiment in another thread the other day but since you mentioned the corporations, here it is again:
The wealth effect will continue amplify as markets move higher, driving consumption in the upper-middle and upper class up. This should continue to bolster corporate profits as they make more money selling few goods to fewer people.
@kcblitzkrieg
Yeah I've probably posted this 10 times in the past in some fashion but people here or anywhere dont really care they just want to point a finger at a politician or support/put down a political narrative so they feel better about their stupid politician and their flawed personal petty views on politics.
We live and die with capitalism but it is so flawed that is why many countries cannot function with it. The FED knows that banks are sitting on reserves and are profiting off scheming, they know based on their data that banks are not lending that money supply is not functioning properly and it is partly why they stopped reporting all aspects of monetary policy. The FED is also controlled by massive financial firms, so many FED doods either came from industry or leave and go to industry so shocking that banks and hedgies and private equity run the FED and as time goes on the collusion gets worse and worse.
I think in reality the true source of all our problems as a society is our own inherent nature of greed and laziness of selfishness and disdain for others. If banks were truly serving the economy they would lend fairly and responsibly they would not leverage or scheme or manipulate, they would have as their first and only mandate to help the economy and society. Citizens are selfish, lazy, angry, spiteful so we think of ourselves and how to get the most for our needs, force our agendas onto others, force our mindsets and religious beliefs on others, take opportunities to put others down to force our will onto others instead of again trying to do what is best for others who are not like us and think differently than we might..if as a society we wanted to drop inflation then we would consume less, save more, eat out less buy less stuff and be financially responsible.
Its easier to blame Biden or Trump and the FED or Pelosi or whatever politician is not in alignment with our views than to focus on what we can do to help others and make our society better and forget about what we get out of it or what others are doing vs us.
We as humans are the reason for all the crap we dislike and are against...nobody gets it and nobody cares.
Your statement is false, WALL. Supervising and Regulating Financial Institutions and Activities is part of the FED 'S responsibilities.
You can Google it . I shouldn't have to tell you this.
@Rush51
Ok since you started the topic how about a funzie question for you-
What caused the 2008 financial crisis?
I am quite confident that I do know what role the FED plays with banks and I do not need to google it, but good for you thinking you understand.
How about this too, there is zero need for your sarcasm or jabs towards me, the FED was not responsible for the financial crisis, that is false and that was my first comment.
@wallstreetcappers
Tha answer to your question is simple. You had consumers that borrowed way too much, a banking industry that was only too happy to provide loans to people that never should have qualified,...... and your favorite,.. the Federal Reserve which did not do its job of regulating and overseeing the financial industry.
If you had just "" one"" of these acting responsibly, and sensibly,.....or in the FED'S case, if they actually did their jobs, then the crisis could have been averted.
Mr Madoff had alot to do with it, manipulation of the market for one. I will not get into a spat with you over this but you asked about the '08 bomb. Interest rates around 6%, that was a mortgage I held closed on early 09. The USofG has low inventory and average rates. '08 BoA had 6.0% at best. The problem now is houses and land are triple just 5 years ago
@wallstreetcappers
I remember just a few weeks ago, you basically scolded a non-liberal. Told them to just not go into a thread about Biden and not post their different opinions to avoid this, but yet here you are AGAIN doing exactly what you tell us non Libs to do....
Let us live in our threads, STOP BEING A HYPOCRITE!!!!
I have been offline for a minute but a quick check back and NOTHING has changed brother...
Coumo and Whitmer didn't abandon the "playbook" as they put recovering patients in nursing homes. How did that work out? That nursing home use came from post H1N1 planning.
The problem was COVID was totally new and no one knew how to treat it. By the end of the pandemic the treatment for the infected was different then from at the beginning.
And the biggest problem was the rabid hatred for Trump. COVID was used as a weapon to attack Trump. When Hydroxychloroquin was suggested as a preventitive it was quickly demonized and removed from use. Here was a drug used for over 50 years for preventing malaria, not treating it, tested as a cure in excessive dosages and not tested as a preventitive. Hydroxy also used for years by Lupus patients. This frenzy to demonize a drug mentioned by Trump got so bad that even a poster here claimed it caused an immediate stroke. Unbelievable hysteria.
Then there was and is the "drink bleach" claim that never happened.
Toilet paper flies off the shelfs as dems scream the sky is falling. Trump tries to calm the nation as he is now labeled as a "dismisser".
People are told to lockdown, stay home, shutdown all esential businesses. Oh wait, we have protests in the streets! Now that must continue!!! Just put a sheet of cloth over your face, then two, your safe now.
@Rush51
Nope that was not at all the cause. It still does not explain how you put responsibility on the FED but no you need to do more research on what caused the events it was not the large number of borrowers defaulting or the FED "regulating" because you dont even know what they were not "regulating" that makes them responsible for whatever you are claiming.
@soup-can
Two things..
Madoff had nothing to do with the financial crisis
and
You cannot "live" in a thread in the main forums and break the rules, so if your idea of living is breaking the rules then you need to live in the penalty box where more is allowed and not in the general main forums.
Keep on with the lib vs conservative drum beating, it has nothing to do with the issue. Focus on the site rules, that is the only consideration, but I know that does not fit your conspiracy narrative so you revert to the pity party scheme instead.
@UNIMAN
Bruh stop with your attempts at making trump someone who calms anyone or ever has. He us the last person in the world who should be giving any speech or talk to anyone trying to calm them. Guy lives to bad mouth people, insult people, and sew false chaos out In The world. No empathy in his fat body. He's been a bad person since he was a spoiled brat teen
You revealed yourself right there. You are what you claim he is.
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