2022 - under a Democrat administration - had the lowest total unemployment rate EVER!!
CNN —
Job openings surged and the Great Resignation was in full swing in 2022 as the labor market slowly rebounded from the shocks caused by the pandemic under a GOP administration.
But new government data illustrates just how strong the record-breaking 2022 job market really was!
The annual jobless rate for 2022 – known as the “work-experience unemployment rate” – fell to 7.6%, according to the “Work Experience of the Population” report released annually by the Bureau of Labor Statistics
i remember rump and his maga cult boasting over and over how unemployment dropped to 3.5% for one month just before covid he held that up as a trophy and his cult did the same
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
5
Quote Originally Posted by fubah2:
HEADLINES today . . .
2022 - under a Democrat administration - had the lowest total unemployment rate EVER!!
CNN —
Job openings surged and the Great Resignation was in full swing in 2022 as the labor market slowly rebounded from the shocks caused by the pandemic under a GOP administration.
But new government data illustrates just how strong the record-breaking 2022 job market really was!
The annual jobless rate for 2022 – known as the “work-experience unemployment rate” – fell to 7.6%, according to the “Work Experience of the Population” report released annually by the Bureau of Labor Statistics
i remember rump and his maga cult boasting over and over how unemployment dropped to 3.5% for one month just before covid he held that up as a trophy and his cult did the same
The number of Americans working two or more jobs has reached its highest level under Biden since the pandemic’s start, new federal data show, a trend that suggests more of us are feeling inflation’s pinch.
The number of Americans working two or more jobs has reached its highest level under Biden since the pandemic’s start, new federal data show, a trend that suggests more of us are feeling inflation’s pinch.
Americans’ total credit card balance is $1.079 trillion in the third quarter of 2023, according to the latest consumer debt data from the Federal Reserve Bank of New York. That’s up from a record $1.031 trillion in the second quarter of 2023, leaving the balance the highest since the New York Fed began tracking in 1999
This marks the second consecutive quarter in which Americans’ credit card balances topped $1 trillion, which had never happened prior to the second quarter of 2023. It also continues a trend of third-quarter credit card debt increases. With the exception of 2020, when the nation was in the depths of the COVID-19 pandemic, credit card debt hadn’t fallen during the third quarter of a year since 2011. That quarter was the last of 11 straight quarters — from Q1 2009 through Q3 2011 — to see a drop in credit card debt as the nation wrestled with the impact of the Great Recession.
With this latest increase, credit card balances have risen by $223 billion since the fourth quarter of 2021. Americans’ credit card debt is $152 billion higher than the record set in the fourth quarter of 2019, when balances stood at $927 billion. However, thanks to record interest rates, stubborn inflation and myriad other economic factors, credit card balances are likely only going to climb, at least in the near future.
These record balances are light years above the $478 billion seen more than 20 years ago in the first quarter of 1999.
This site shows a graph that you can not ignore. Yet, some will. 30- day delinquencies are spiking for the last 8 straight quarters under democratic leader Biden.
Media and suckers on here keep wanting to talk about how great the economy is doing, but fail to mention that the economy is being propped up on massive amounts of debt. The economy can grow on the backs of debts, but what happens when the bills come due? So blinded by misleading information being out there. bahhhhh
0
Americans’ total credit card balance is $1.079 trillion in the third quarter of 2023, according to the latest consumer debt data from the Federal Reserve Bank of New York. That’s up from a record $1.031 trillion in the second quarter of 2023, leaving the balance the highest since the New York Fed began tracking in 1999
This marks the second consecutive quarter in which Americans’ credit card balances topped $1 trillion, which had never happened prior to the second quarter of 2023. It also continues a trend of third-quarter credit card debt increases. With the exception of 2020, when the nation was in the depths of the COVID-19 pandemic, credit card debt hadn’t fallen during the third quarter of a year since 2011. That quarter was the last of 11 straight quarters — from Q1 2009 through Q3 2011 — to see a drop in credit card debt as the nation wrestled with the impact of the Great Recession.
With this latest increase, credit card balances have risen by $223 billion since the fourth quarter of 2021. Americans’ credit card debt is $152 billion higher than the record set in the fourth quarter of 2019, when balances stood at $927 billion. However, thanks to record interest rates, stubborn inflation and myriad other economic factors, credit card balances are likely only going to climb, at least in the near future.
These record balances are light years above the $478 billion seen more than 20 years ago in the first quarter of 1999.
This site shows a graph that you can not ignore. Yet, some will. 30- day delinquencies are spiking for the last 8 straight quarters under democratic leader Biden.
Media and suckers on here keep wanting to talk about how great the economy is doing, but fail to mention that the economy is being propped up on massive amounts of debt. The economy can grow on the backs of debts, but what happens when the bills come due? So blinded by misleading information being out there. bahhhhh
2022 - under a Democrat administration - had the lowest total unemployment rate EVER!!
CNN —
Job openings surged and the Great Resignation was in full swing in 2022 as the labor market slowly rebounded from the shocks caused by the pandemic under a GOP administration.
But new government data illustrates just how strong the record-breaking 2022 job market really was!
The annual jobless rate for 2022 – known as the “work-experience unemployment rate” – fell to 7.6%, according to the “Work Experience of the Population” report released annually by the Bureau of Labor Statistics
i remember rump and his maga cult boasting over and over how unemployment dropped to 3.5% for one month just before covid he held that up as a trophy and his cult did the same
@KellyM_1964
I know, right ?!! Every time the subject came up they prattled on and on about that one LONE month the unemployment dipped temporarily down to 3.5%...........of course the next month it ballooned to over 14% and we've been digging out of that hole ever since.....but thankfully the past three years it has completely turned around - particularly the last two....
1
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2:
HEADLINES today . . .
2022 - under a Democrat administration - had the lowest total unemployment rate EVER!!
CNN —
Job openings surged and the Great Resignation was in full swing in 2022 as the labor market slowly rebounded from the shocks caused by the pandemic under a GOP administration.
But new government data illustrates just how strong the record-breaking 2022 job market really was!
The annual jobless rate for 2022 – known as the “work-experience unemployment rate” – fell to 7.6%, according to the “Work Experience of the Population” report released annually by the Bureau of Labor Statistics
i remember rump and his maga cult boasting over and over how unemployment dropped to 3.5% for one month just before covid he held that up as a trophy and his cult did the same
@KellyM_1964
I know, right ?!! Every time the subject came up they prattled on and on about that one LONE month the unemployment dipped temporarily down to 3.5%...........of course the next month it ballooned to over 14% and we've been digging out of that hole ever since.....but thankfully the past three years it has completely turned around - particularly the last two....
But the overall mood of the nation is not good in my opinion
lotsa angst out there . And anger . The pressure is getting to the common folk . It’s gonna boil over . Makes life harder . I hate that . Because I don’t completely shut people off . And I talk and interact with them and give them a chance unless they are beyond help . But that is up to my discretion . I’m no Mother Teresa . Hell , Mother Teresa wasn’t even Mother Teresa . There’s a little Paul Bunyan in her story
BACK PATTING and KISSING threads are like passing HAM SANDWICHES around over and over-wall
0
But the overall mood of the nation is not good in my opinion
lotsa angst out there . And anger . The pressure is getting to the common folk . It’s gonna boil over . Makes life harder . I hate that . Because I don’t completely shut people off . And I talk and interact with them and give them a chance unless they are beyond help . But that is up to my discretion . I’m no Mother Teresa . Hell , Mother Teresa wasn’t even Mother Teresa . There’s a little Paul Bunyan in her story
2022 - under a Democrat administration - had the lowest total unemployment rate EVER!!!
CNN —
Job openings surged and the Great Resignation was in full swing in 2022 as the labor market slowly rebounded from the shocks caused by the pandemic under a GOP administration.
But new government data illustrates just how strong the record-breaking 2022 job market really was!
The annual jobless rate for 2022 – known as the “work-experience unemployment rate” – fell to 7.6%, according to the “Work Experience of the Population” report released annually by the Bureau of Labor Statistics
While employment data is released monthly by BLS, this report, which was released Tuesday, provides a snapshot of the labor market for all of 2022, President Biden's second full year in office. The 2023 report coming next year is expected to be similar!
0
Quote Originally Posted by fubah2:
2022 - under a Democrat administration - had the lowest total unemployment rate EVER!!!
CNN —
Job openings surged and the Great Resignation was in full swing in 2022 as the labor market slowly rebounded from the shocks caused by the pandemic under a GOP administration.
But new government data illustrates just how strong the record-breaking 2022 job market really was!
The annual jobless rate for 2022 – known as the “work-experience unemployment rate” – fell to 7.6%, according to the “Work Experience of the Population” report released annually by the Bureau of Labor Statistics
While employment data is released monthly by BLS, this report, which was released Tuesday, provides a snapshot of the labor market for all of 2022, President Biden's second full year in office. The 2023 report coming next year is expected to be similar!
That is 100% not a political partisan topic that is a continued sign of lazy consumption consumer. We wonder why prices are high when few know how to slow consumption. I think people have forgotten what the concept of living at or below your means is. I wonder how the crazies in the current society would handle the draconian edict faced during the world wars where consumption was frowned upon and saving, being cautious financially was the focus of the economy. People now cant stop their gluttonous consumption even when prices are high and they have no money.
0
@BigGame90
That is 100% not a political partisan topic that is a continued sign of lazy consumption consumer. We wonder why prices are high when few know how to slow consumption. I think people have forgotten what the concept of living at or below your means is. I wonder how the crazies in the current society would handle the draconian edict faced during the world wars where consumption was frowned upon and saving, being cautious financially was the focus of the economy. People now cant stop their gluttonous consumption even when prices are high and they have no money.
Buy . Buy . Buy . Buy . They make the gullible people think that they NEED things . Horrendous . I can’t even watch people get giddy about purchasing ridiculous items anymore , let alone the commercials between sporting events . My God . It’s the carrot dangling in front of the Donkey …..
BACK PATTING and KISSING threads are like passing HAM SANDWICHES around over and over-wall
0
Buy . Buy . Buy . Buy . They make the gullible people think that they NEED things . Horrendous . I can’t even watch people get giddy about purchasing ridiculous items anymore , let alone the commercials between sporting events . My God . It’s the carrot dangling in front of the Donkey …..
And that is 100% not political or partisan, that is capitalism oozing into the lives of all citizens. We find more ways to maximize consumption and glamorize gluttony.
0
@spockgato
And that is 100% not political or partisan, that is capitalism oozing into the lives of all citizens. We find more ways to maximize consumption and glamorize gluttony.
The number of Americans working two or more jobs has reached its highest level under Biden since the pandemic’s start, new federal data show, a trend that suggests more of us are feeling inflation’s pinch. Nearly 8.4 million people held multiple jobs in October, the Labor Department reported Friday. They represent 5.2% of the workforce, the largest share of moonlighters since January 2020. Good job Biden. Making people work 2 jobs to keep up. Keep up that good fight Biden, doing a hell of a job. https://www.usatoday.com/story/money/2023/11/03/more-americans-working-multiple-jobs-under-inflation/71441008007/
Yep. Add that to the list of reasons why American workers are fed up w/ Joe. Having to work harder just to stay in place... and sometimes, that isn't even good enough. Credit Card Balances at record levels AND near decades-high , sky-high interest rates on those credit card balances.
And yet, we still have people in this forum acting like everything is going great w/ hardworking Americans. Lol.. Dismal poll numbers for Joe reflect the dismal mood out there...
0
Quote Originally Posted by BigGame90:
The number of Americans working two or more jobs has reached its highest level under Biden since the pandemic’s start, new federal data show, a trend that suggests more of us are feeling inflation’s pinch. Nearly 8.4 million people held multiple jobs in October, the Labor Department reported Friday. They represent 5.2% of the workforce, the largest share of moonlighters since January 2020. Good job Biden. Making people work 2 jobs to keep up. Keep up that good fight Biden, doing a hell of a job. https://www.usatoday.com/story/money/2023/11/03/more-americans-working-multiple-jobs-under-inflation/71441008007/
Yep. Add that to the list of reasons why American workers are fed up w/ Joe. Having to work harder just to stay in place... and sometimes, that isn't even good enough. Credit Card Balances at record levels AND near decades-high , sky-high interest rates on those credit card balances.
And yet, we still have people in this forum acting like everything is going great w/ hardworking Americans. Lol.. Dismal poll numbers for Joe reflect the dismal mood out there...
""Both"" Operating efficiency to reduce costs AND selling more goods/services (i.e. increase in sales to your point) are key to any successful organization. But your original statement said , "Prices always seem to be rising, outside a severe recession or depression prices in a capitalism economy (prices) always go up." But prices ""DON'T"" have to go "up" that much in an economy..... and they didn't, as I said earlier, when we had nearly a decade of ZIRP when inflation was barely 1.5%. That's nothing. **Companies can do just fine increasing profits by cutting costs and/or selling more of their goods/services**
And one simple comment about the stock market ; ""Profits (or their "forecast Profits" for unprofitable companies)Are The Mother's Milk of Stock Performance."" Nothing more... Nothing less..
Last point, sorry to say, you have the picture mixed around on ZIRP... THE FED sets the tone on interest rates based on its data on inflation, unemployment, GDP. In extreme cases like after the financial crisis, they engage in serious amounts of Bond Purchases, too, to "stoke" inflation. Of course, companies are the beneficiaries of low borrowing costs, you have that part right, but they aren't able to take advantage of those low interest rates if inflation wasn't so 'rock bottom'.... as it was for nearly a decade after the financial crisis.
1
@ wallstreetcapper
""Both"" Operating efficiency to reduce costs AND selling more goods/services (i.e. increase in sales to your point) are key to any successful organization. But your original statement said , "Prices always seem to be rising, outside a severe recession or depression prices in a capitalism economy (prices) always go up." But prices ""DON'T"" have to go "up" that much in an economy..... and they didn't, as I said earlier, when we had nearly a decade of ZIRP when inflation was barely 1.5%. That's nothing. **Companies can do just fine increasing profits by cutting costs and/or selling more of their goods/services**
And one simple comment about the stock market ; ""Profits (or their "forecast Profits" for unprofitable companies)Are The Mother's Milk of Stock Performance."" Nothing more... Nothing less..
Last point, sorry to say, you have the picture mixed around on ZIRP... THE FED sets the tone on interest rates based on its data on inflation, unemployment, GDP. In extreme cases like after the financial crisis, they engage in serious amounts of Bond Purchases, too, to "stoke" inflation. Of course, companies are the beneficiaries of low borrowing costs, you have that part right, but they aren't able to take advantage of those low interest rates if inflation wasn't so 'rock bottom'.... as it was for nearly a decade after the financial crisis.
Not really following what you are trying to rebut. You and I have discussed the FED and inflation in the past so I can repeat myself again. The FED erroneously used ZIRP thinking they could direct inflation and they were wrong. They went lower and lower and lower and inflation did nothing because the tool they used ZIRP for did not impact inflation for the reasons I listed above and many times in the past. ZIRP does not work when banks are not functioning as banks, the monetary theory suggests that the FED makes policy which reduces costs to banks, banks lend and consumers take loans and they consume, they invest in small business or buying goods and services, the result is intended to stimulate DEMAND which in general economic theory would increase prices which is inflation. It did not happen because banks do not lend in traditional means and thus the money does not get circulated like in traditional monetary theory. The FED did not budge inflation even with Trump rates at zero.
The reason why inflation did not budge is stated above, demand was not suppressed prior to ZIRP, demand did not dramatically increase WITH ZIRP, and as stated businesses took the lower finance costs and expanded production, so any increase in demand was met with as much or more supply, so prices stayed flat for the basket of consumer goods, outside of risk assets which went up because banks invested in the bond and stock markets and real estate markets...those experienced massive inflation.
One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there.
The FED did not slow demand by raising rates, inflation came because of an outlier and Covid, supply chain was disrupted and supply curve shifted in, that was inflation. The FED did not reduce demand, they have not reduced demand and they have no control over demand with monetary policy outside a dramatic move, this move to 5's is nothing, the move Volcker did was an outlier that would suppress demand.
2
@Rush51
Not really following what you are trying to rebut. You and I have discussed the FED and inflation in the past so I can repeat myself again. The FED erroneously used ZIRP thinking they could direct inflation and they were wrong. They went lower and lower and lower and inflation did nothing because the tool they used ZIRP for did not impact inflation for the reasons I listed above and many times in the past. ZIRP does not work when banks are not functioning as banks, the monetary theory suggests that the FED makes policy which reduces costs to banks, banks lend and consumers take loans and they consume, they invest in small business or buying goods and services, the result is intended to stimulate DEMAND which in general economic theory would increase prices which is inflation. It did not happen because banks do not lend in traditional means and thus the money does not get circulated like in traditional monetary theory. The FED did not budge inflation even with Trump rates at zero.
The reason why inflation did not budge is stated above, demand was not suppressed prior to ZIRP, demand did not dramatically increase WITH ZIRP, and as stated businesses took the lower finance costs and expanded production, so any increase in demand was met with as much or more supply, so prices stayed flat for the basket of consumer goods, outside of risk assets which went up because banks invested in the bond and stock markets and real estate markets...those experienced massive inflation.
One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there.
The FED did not slow demand by raising rates, inflation came because of an outlier and Covid, supply chain was disrupted and supply curve shifted in, that was inflation. The FED did not reduce demand, they have not reduced demand and they have no control over demand with monetary policy outside a dramatic move, this move to 5's is nothing, the move Volcker did was an outlier that would suppress demand.
@Rush51 Not really following what you are trying to rebut.
One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflationand thus inflation did not show even though it most certainly was there.
@wallstreetcappers
WSC I never looked closely at that important point about unit size being squeezed and skewing the economic stats to make it artificially appear low inflation, when that just isn't true at all! Thanks!
2
Quote Originally Posted by wallstreetcappers:
@Rush51 Not really following what you are trying to rebut.
One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflationand thus inflation did not show even though it most certainly was there.
@wallstreetcappers
WSC I never looked closely at that important point about unit size being squeezed and skewing the economic stats to make it artificially appear low inflation, when that just isn't true at all! Thanks!
Mainly because that is not how it is done. It is weighted by proportionality of the likelihood of sizes being bought and then that is used until it is replaced. CPI has some issues -- that is just not one of them.
For example, suppose a particular grocery store has an outlet where cheese will be priced. A particular type of cheese item will be chosen, with its likelihood of being selected roughly proportional to its popularity. If, for example, cheddar cheese in 8 oz. packages makes up 70 percent of the sales of cheese, and the same cheese in 6 oz. packages accounts for 10 percent of all cheese sales, and the same cheese in 12 oz. packages accounts for 20 percent of all cheese sales, then the 8 oz. package will be 7 times as likely to be chosen as the 6 oz. package. After probabilities are assigned, one type, brand, and container size of cheese is chosen by an objective selection process based on the theory of random sampling. The particular kind of cheese that is selected will continue to be priced each month in the same outlet.
0
Mainly because that is not how it is done. It is weighted by proportionality of the likelihood of sizes being bought and then that is used until it is replaced. CPI has some issues -- that is just not one of them.
For example, suppose a particular grocery store has an outlet where cheese will be priced. A particular type of cheese item will be chosen, with its likelihood of being selected roughly proportional to its popularity. If, for example, cheddar cheese in 8 oz. packages makes up 70 percent of the sales of cheese, and the same cheese in 6 oz. packages accounts for 10 percent of all cheese sales, and the same cheese in 12 oz. packages accounts for 20 percent of all cheese sales, then the 8 oz. package will be 7 times as likely to be chosen as the 6 oz. package. After probabilities are assigned, one type, brand, and container size of cheese is chosen by an objective selection process based on the theory of random sampling. The particular kind of cheese that is selected will continue to be priced each month in the same outlet.
Quote Originally Posted by wallstreetcappers: @Rush51 Not really following what you are trying to rebut. One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there.
@wallstreetcappers
WSC I never looked closely at that important point about unit size being squeezed and skewing the economic stats to make it artificially appear low inflation, when that just isn't true at all! Thanks!
@Zeus4par
@wallstreetcappers
Good point!
3
Quote Originally Posted by Zeus4par:
Quote Originally Posted by wallstreetcappers: @Rush51 Not really following what you are trying to rebut. One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there.
@wallstreetcappers
WSC I never looked closely at that important point about unit size being squeezed and skewing the economic stats to make it artificially appear low inflation, when that just isn't true at all! Thanks!
Under President Biden and the Democrats, the US is producing more oil than any country in history!
New York CNN —
Environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue angrily that he’s already doing that!!!
Meanwhile, the surprising reality is the US is pumping oil at a blistering pace and is on track to produce more oil than any country has in history!!!!!!!!!!
Under the Biden administration,
...the US is set to produce a global record of 13.3 million barrels per day of crude and condensate during the fourth quarter of this year, according to a report published Tuesday by S&P Global Commodity Insights!
How much Biden & his liberal admin are doing to effect this is debatable, sure! But more important is what the Biden and the democrats ARE NOT DOING to upend the oil industry/hold it down - despite all the angry partisan rhetoric claiming they ARE!
That the US is about to produce more oil than any country ever before, plus a record number of oil drilling leases provided by the Biden admin to big oil corps, undercuts the really stupid partisan argument that Biden has waged a war on American energy.
3
Quote Originally Posted by fubah2:
Under President Biden and the Democrats, the US is producing more oil than any country in history!
New York CNN —
Environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue angrily that he’s already doing that!!!
Meanwhile, the surprising reality is the US is pumping oil at a blistering pace and is on track to produce more oil than any country has in history!!!!!!!!!!
Under the Biden administration,
...the US is set to produce a global record of 13.3 million barrels per day of crude and condensate during the fourth quarter of this year, according to a report published Tuesday by S&P Global Commodity Insights!
How much Biden & his liberal admin are doing to effect this is debatable, sure! But more important is what the Biden and the democrats ARE NOT DOING to upend the oil industry/hold it down - despite all the angry partisan rhetoric claiming they ARE!
That the US is about to produce more oil than any country ever before, plus a record number of oil drilling leases provided by the Biden admin to big oil corps, undercuts the really stupid partisan argument that Biden has waged a war on American energy.
@Rush51 Not really following what you are trying to rebut. You and I have discussed the FED and inflation in the past so I can repeat myself again. The FED erroneously used ZIRP thinking they could direct inflation and they were wrong. They went lower and lower and lower and inflation did nothing because the tool they used ZIRP for did not impact inflation for the reasons I listed above and many times in the past. ZIRP does not work when banks are not functioning as banks, the monetary theory suggests that the FED makes policy which reduces costs to banks, banks lend and consumers take loans and they consume, they invest in small business or buying goods and services, the result is intended to stimulate DEMAND which in general economic theory would increase prices which is inflation. It did not happen because banks do not lend in traditional means and thus the money does not get circulated like in traditional monetary theory. The FED did not budge inflation even with Trump rates at zero. The reason why inflation did not budge is stated above, demand was not suppressed prior to ZIRP, demand did not dramatically increase WITH ZIRP, and as stated businesses took the lower finance costs and expanded production, so any increase in demand was met with as much or more supply, so prices stayed flat for the basket of consumer goods, outside of risk assets which went up because banks invested in the bond and stock markets and real estate markets...those experienced massive inflation. One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there.
overlooked by many
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
1
Quote Originally Posted by wallstreetcappers:
@Rush51 Not really following what you are trying to rebut. You and I have discussed the FED and inflation in the past so I can repeat myself again. The FED erroneously used ZIRP thinking they could direct inflation and they were wrong. They went lower and lower and lower and inflation did nothing because the tool they used ZIRP for did not impact inflation for the reasons I listed above and many times in the past. ZIRP does not work when banks are not functioning as banks, the monetary theory suggests that the FED makes policy which reduces costs to banks, banks lend and consumers take loans and they consume, they invest in small business or buying goods and services, the result is intended to stimulate DEMAND which in general economic theory would increase prices which is inflation. It did not happen because banks do not lend in traditional means and thus the money does not get circulated like in traditional monetary theory. The FED did not budge inflation even with Trump rates at zero. The reason why inflation did not budge is stated above, demand was not suppressed prior to ZIRP, demand did not dramatically increase WITH ZIRP, and as stated businesses took the lower finance costs and expanded production, so any increase in demand was met with as much or more supply, so prices stayed flat for the basket of consumer goods, outside of risk assets which went up because banks invested in the bond and stock markets and real estate markets...those experienced massive inflation. One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there.
Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: I look around this Earth and I listen and learn , about the things that are amiss whether they’re said in whispers or they spurt , out loud in a shout , with histrionics , and the resulting goofiness that’s backing it to the point , that it’s ridiculous yes I assimilate and intertwist them shits into my written then I join , these new and wonderful skills that I garner on the daily , into my art that I sharpen like someone ready to carve on some hard and horrible fucking stale meat , and in doing so I gain new knowledge , while hustling through the trouble , of working through this learning curve and it’s obstruction to my subtle , and caring viewpoint that sometimes struggles through the ruckus , of the study of the lessons , so thank you for teaching me to love this new but cumbersome bump and thump method …… thank you for teaching me “ the bump and thump “ method …. I’ve also been using a variation of it in real life , when people try to constantly change the subject during conversations , it comes in handy ….. i’m hoping that America can be repaired again but I don’t really have faith in Biden to get the job done . Does anyone have a Presidential candidate in mind that could actually make a difference ? Someone that could unite people ? uniting people unification of people I’m thinking that someone out there must be able to unite the people . Vivek ain’t it . That lady ain’t it . Trump ? I’m not feeling it . Biden ? Come on let’s stop messing around . LL Cool J ? No chance he doesn’t have the resume . I’d vote for Harry Belafonte but quite frankly I’m not sure if he’s even alive . So who ? Who could it be ? Or should it be ? RFK jr ? Don’t know but I love the gravel voice . I wanna chew tobacco with him and ride Harleys but as my president ? Maybe but maybe not . Lisa Kudrow is washed and she ain’t no friend of mine . If any Phoebe got my vote it would be Phoebe Cates . Bro you ever see her get out of the pool in Fast Times at Ridgemont High ? Wow . Double cheese and Sausage ? “ Right here Dude . “ I’m thinking there must be a dark horse candidate somewhere and I’m not talking about the guy that looks like Fred Flintstone either . What’s he gonna stop inflation with his feet like he does his car ? Brontosaurus burgers for everyone ! Nope . Not him . Who’s honest ? And who won’t succumb to the pressure of all the power and money ? That’s who I want who do you guys like for our next President besides Trump or Biden ? they should just make a special clause for Obama so that he could run again . I’d vote for him that clause would be better than Santa’s obama for a 3rd term couldn’t they just change that rule ? could that ever be put up for a vote ? 3rd term Obama if Obama could get that 3rd term everything would be ok is my guess
It’s a different day but I still feel this shit in the realest way
BACK PATTING and KISSING threads are like passing HAM SANDWICHES around over and over-wall
0
Quote Originally Posted by spockgato:
Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: Quote Originally Posted by spockgato: I look around this Earth and I listen and learn , about the things that are amiss whether they’re said in whispers or they spurt , out loud in a shout , with histrionics , and the resulting goofiness that’s backing it to the point , that it’s ridiculous yes I assimilate and intertwist them shits into my written then I join , these new and wonderful skills that I garner on the daily , into my art that I sharpen like someone ready to carve on some hard and horrible fucking stale meat , and in doing so I gain new knowledge , while hustling through the trouble , of working through this learning curve and it’s obstruction to my subtle , and caring viewpoint that sometimes struggles through the ruckus , of the study of the lessons , so thank you for teaching me to love this new but cumbersome bump and thump method …… thank you for teaching me “ the bump and thump “ method …. I’ve also been using a variation of it in real life , when people try to constantly change the subject during conversations , it comes in handy ….. i’m hoping that America can be repaired again but I don’t really have faith in Biden to get the job done . Does anyone have a Presidential candidate in mind that could actually make a difference ? Someone that could unite people ? uniting people unification of people I’m thinking that someone out there must be able to unite the people . Vivek ain’t it . That lady ain’t it . Trump ? I’m not feeling it . Biden ? Come on let’s stop messing around . LL Cool J ? No chance he doesn’t have the resume . I’d vote for Harry Belafonte but quite frankly I’m not sure if he’s even alive . So who ? Who could it be ? Or should it be ? RFK jr ? Don’t know but I love the gravel voice . I wanna chew tobacco with him and ride Harleys but as my president ? Maybe but maybe not . Lisa Kudrow is washed and she ain’t no friend of mine . If any Phoebe got my vote it would be Phoebe Cates . Bro you ever see her get out of the pool in Fast Times at Ridgemont High ? Wow . Double cheese and Sausage ? “ Right here Dude . “ I’m thinking there must be a dark horse candidate somewhere and I’m not talking about the guy that looks like Fred Flintstone either . What’s he gonna stop inflation with his feet like he does his car ? Brontosaurus burgers for everyone ! Nope . Not him . Who’s honest ? And who won’t succumb to the pressure of all the power and money ? That’s who I want who do you guys like for our next President besides Trump or Biden ? they should just make a special clause for Obama so that he could run again . I’d vote for him that clause would be better than Santa’s obama for a 3rd term couldn’t they just change that rule ? could that ever be put up for a vote ? 3rd term Obama if Obama could get that 3rd term everything would be ok is my guess
It’s a different day but I still feel this shit in the realest way
Quote Originally Posted by wallstreetcappers: @Rush51 Not really following what you are trying to rebut. You and I have discussed the FED and inflation in the past so I can repeat myself again. The FED erroneously used ZIRP thinking they could direct inflation and they were wrong. They went lower and lower and lower and inflation did nothing because the tool they used ZIRP for did not impact inflation for the reasons I listed above and many times in the past. ZIRP does not work when banks are not functioning as banks, the monetary theory suggests that the FED makes policy which reduces costs to banks, banks lend and consumers take loans and they consume, they invest in small business or buying goods and services, the result is intended to stimulate DEMAND which in general economic theory would increase prices which is inflation. It did not happen because banks do not lend in traditional means and thus the money does not get circulated like in traditional monetary theory. The FED did not budge inflation even with Trump rates at zero. The reason why inflation did not budge is stated above, demand was not suppressed prior to ZIRP, demand did not dramatically increase WITH ZIRP, and as stated businesses took the lower finance costs and expanded production, so any increase in demand was met with as much or more supply, so prices stayed flat for the basket of consumer goods, outside of risk assets which went up because banks invested in the bond and stock markets and real estate markets...those experienced massive inflation. One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there. overlooked by many
And that is a problem that needs to be brought to the surface and exposed
2
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by wallstreetcappers: @Rush51 Not really following what you are trying to rebut. You and I have discussed the FED and inflation in the past so I can repeat myself again. The FED erroneously used ZIRP thinking they could direct inflation and they were wrong. They went lower and lower and lower and inflation did nothing because the tool they used ZIRP for did not impact inflation for the reasons I listed above and many times in the past. ZIRP does not work when banks are not functioning as banks, the monetary theory suggests that the FED makes policy which reduces costs to banks, banks lend and consumers take loans and they consume, they invest in small business or buying goods and services, the result is intended to stimulate DEMAND which in general economic theory would increase prices which is inflation. It did not happen because banks do not lend in traditional means and thus the money does not get circulated like in traditional monetary theory. The FED did not budge inflation even with Trump rates at zero. The reason why inflation did not budge is stated above, demand was not suppressed prior to ZIRP, demand did not dramatically increase WITH ZIRP, and as stated businesses took the lower finance costs and expanded production, so any increase in demand was met with as much or more supply, so prices stayed flat for the basket of consumer goods, outside of risk assets which went up because banks invested in the bond and stock markets and real estate markets...those experienced massive inflation. One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there. overlooked by many
And that is a problem that needs to be brought to the surface and exposed
Associated press reports that Biden is pardoning thousands of people convicted for simple possession of marijuana on federal lands. This would help to right wrongs in justice system. Criminal records for minor drug offenses have imposed needless barriers to employment, housing and educational opportunities. Medical marijuana has already been decriminalized in many states.
1
Associated press reports that Biden is pardoning thousands of people convicted for simple possession of marijuana on federal lands. This would help to right wrongs in justice system. Criminal records for minor drug offenses have imposed needless barriers to employment, housing and educational opportunities. Medical marijuana has already been decriminalized in many states.
That’s all good and grand , because the penal system in that respect is just being used as a money making machine , because without prisoners you can’t pay everyone who works in the courts and jails , lawyers , corrections officers , clerks , judges etc , but third I gotta be honest with you here , I understand the benefits of medical marijuana , and please don’t even get me started on the magical qualities of hemp , but cmon I don’t even need that weed or sticky icky pal cuz I’m naturally high .
But I don’t look down on anybody that partakes in that practice so long as they don’t become lazy and complacent to the point where they just want to sit on their couches and eat potato chips while watching Sanford and Son reruns .
Ya dig ?
you still gotta be alive in this world and work , you can’t just sit around smoking all fucking day . God damn . I hate those motherfuckers that do that shit ya feel me ?
third do you ingest the cannabis ?
BACK PATTING and KISSING threads are like passing HAM SANDWICHES around over and over-wall
0
That’s all good and grand , because the penal system in that respect is just being used as a money making machine , because without prisoners you can’t pay everyone who works in the courts and jails , lawyers , corrections officers , clerks , judges etc , but third I gotta be honest with you here , I understand the benefits of medical marijuana , and please don’t even get me started on the magical qualities of hemp , but cmon I don’t even need that weed or sticky icky pal cuz I’m naturally high .
But I don’t look down on anybody that partakes in that practice so long as they don’t become lazy and complacent to the point where they just want to sit on their couches and eat potato chips while watching Sanford and Son reruns .
Ya dig ?
you still gotta be alive in this world and work , you can’t just sit around smoking all fucking day . God damn . I hate those motherfuckers that do that shit ya feel me ?
Quote Originally Posted by KellyM_1964: Quote Originally Posted by wallstreetcappers: @Rush51 Not really following what you are trying to rebut. You and I have discussed the FED and inflation in the past so I can repeat myself again. The FED erroneously used ZIRP thinking they could direct inflation and they were wrong. They went lower and lower and lower and inflation did nothing because the tool they used ZIRP for did not impact inflation for the reasons I listed above and many times in the past. ZIRP does not work when banks are not functioning as banks, the monetary theory suggests that the FED makes policy which reduces costs to banks, banks lend and consumers take loans and they consume, they invest in small business or buying goods and services, the result is intended to stimulate DEMAND which in general economic theory would increase prices which is inflation. It did not happen because banks do not lend in traditional means and thus the money does not get circulated like in traditional monetary theory. The FED did not budge inflation even with Trump rates at zero. The reason why inflation did not budge is stated above, demand was not suppressed prior to ZIRP, demand did not dramatically increase WITH ZIRP, and as stated businesses took the lower finance costs and expanded production, so any increase in demand was met with as much or more supply, so prices stayed flat for the basket of consumer goods, outside of risk assets which went up because banks invested in the bond and stock markets and real estate markets...those experienced massive inflation. One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there. overlooked by many And that is a problem that needs to be brought to the surface and exposed
Hopefully soon.
1
Quote Originally Posted by Zeus4par:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by wallstreetcappers: @Rush51 Not really following what you are trying to rebut. You and I have discussed the FED and inflation in the past so I can repeat myself again. The FED erroneously used ZIRP thinking they could direct inflation and they were wrong. They went lower and lower and lower and inflation did nothing because the tool they used ZIRP for did not impact inflation for the reasons I listed above and many times in the past. ZIRP does not work when banks are not functioning as banks, the monetary theory suggests that the FED makes policy which reduces costs to banks, banks lend and consumers take loans and they consume, they invest in small business or buying goods and services, the result is intended to stimulate DEMAND which in general economic theory would increase prices which is inflation. It did not happen because banks do not lend in traditional means and thus the money does not get circulated like in traditional monetary theory. The FED did not budge inflation even with Trump rates at zero. The reason why inflation did not budge is stated above, demand was not suppressed prior to ZIRP, demand did not dramatically increase WITH ZIRP, and as stated businesses took the lower finance costs and expanded production, so any increase in demand was met with as much or more supply, so prices stayed flat for the basket of consumer goods, outside of risk assets which went up because banks invested in the bond and stock markets and real estate markets...those experienced massive inflation. One other small tidbit, the CPI basket is flawed, it is based on units not based on raw quantity, meaning a bag of Ruffles chips is part of that basket and when they take the size from 16 oz for a party size down to 15 to 14 to 13.5 which it is now, that in the basket of CPI is measured as a UNIT, that unit is costed and that is what makes up the CPI. So corps have been squeezing sizes to hide inflation and thus inflation did not show even though it most certainly was there. overlooked by many And that is a problem that needs to be brought to the surface and exposed
Associated press reports that Biden is pardoning thousands of people convicted for simple possession of marijuana on federal lands. This would help to right wrongs in justice system. Criminal records for minor drug offenses have imposed needless barriers to employment, housing and educational opportunities. Medical marijuana has already been decriminalized in many states.
0
Quote Originally Posted by thirdperson:
Associated press reports that Biden is pardoning thousands of people convicted for simple possession of marijuana on federal lands. This would help to right wrongs in justice system. Criminal records for minor drug offenses have imposed needless barriers to employment, housing and educational opportunities. Medical marijuana has already been decriminalized in many states.
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Every time the subject came up they prattled on and on about that one LONE month the unemployment dipped temporarily down to 3.5%...........of course the next month it ballooned to over 14% and we've been digging out of that hole ever since.....but thankfully the past three years it has completely turned around - particularly the last two.... 
Meanwhile, 
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