I'd take moderate inflation over another recession. Neither are good, but someone benefits from each. Wealth disparity has been too wide for too long.bmw wrote: ↑Sat May 08, 2021 11:39 pmThere's a big difference between money and wealth. Simply printing money we don't have and handing it out to the lower and lower-middle class adds literally ZERO to the cumulative "wealth" in this country. It used to be we taxed the rich and gave that money to the poor, thereby redistributing the wealth. Now we're not even doing that - we're $28,000,000,000,000.00 in debt and we're printing trillions more and just giving it away. Wealth comes from the production of goods and services. People living off of government paychecks are contributing neither, but rather, are simply diluting the value of the dollar by using it to buy goods or services when the dollar they just spent didn't come as a result of either being produced. The intermediate effect of this is going to be significant inflation. Even Warren Buffet says significant inflation is happening already. https://www.cnbc.com/2021/05/03/warren- ... rices.htmlTC Talks wrote: ↑Sat May 08, 2021 11:10 pmI will always vote to grow wealth amongst the middle class and lower class in this country because it is a benefit to the entire economy. Compare that to a billionaire who just stores the money and does not circulate it, we are a better country when we have employees with livable wages. Small businesses directly benefit from the middle class having money to spend.
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Jobs report
Re: Jobs report
“Blessed are those who are righteous in his name.”
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Re: Jobs report
Sounds perfect for the typical asshole who watches Fox. You forget that they bring you Sean Haninity.
“Blessed are those who are righteous in his name.”
― Matt
Posting Content © 2024 TC Talks Holdings LP.
― Matt
Posting Content © 2024 TC Talks Holdings LP.
Re: Jobs report
The jobs report was not good, especially when we were hearing there could be upwards of 1M jobs added. Yesterday's WSJ Editorial was on point:
They’ve underestimated the supply-chain constraints that have been screaming across the economy for months—from too few workers to the computer chip shortage and soaring lumber and freight prices. The economy can’t produce enough goods and services fast enough to meet the soaring demand from the easing pandemic and government policies that have shoveled cash to consumers and rewarded Americans for not working.
Employers across the country have been complaining for months that the federal $300 weekly jobless bonus has made it difficult to hire. Most lower-income workers can make more sitting on the couch. It’s notable that half of the new labor market entrants last month were teens, most of whom don’t qualify for jobless benefits because of their short or nonexistent employment histories.
...
The policy lesson is to ease government constraints on supply. That means repealing the federal bonus not to work. And it should mean withdrawing the Biden tax increases that are a frontal attack on investment and supply. There is no need for more Keynesian stimulus, which has become part of the problem.
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Re: Jobs report
100% agreed.The intermediate effect of this is going to be significant inflation. Even Warren Buffet says significant inflation is happening already. https://www.cnbc.com/2021/05/03/warren- ... rices.html
We might not just end up with inflation (which has already begun); this could morph into stagflation.
Morgan Wallen is a piece of garbage.
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Re: Jobs report
I wonder how much of the increase in goods and services pricing is simply businesses attempting to make up 12 months of reduced revenues in a single quarter. It's not like most businesses think beyond a single quarter even if it's usually in everyone's best interest to do so.
Re: Jobs report
Interestingly the fed feels that meaningful inflation is not an issue coming over the horizon. The way they are talking it’s more likely to occur in 2028 or so if it does at all.MWmetalhead wrote: ↑Sun May 09, 2021 12:37 pm100% agreed.The intermediate effect of this is going to be significant inflation. Even Warren Buffet says significant inflation is happening already. https://www.cnbc.com/2021/05/03/warren- ... rices.html
We might not just end up with inflation (which has already begun); this could morph into stagflation.
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Re: Jobs report
I don't think it's going to be severe by any stretch, but it will be noticeable.
Morgan Wallen is a piece of garbage.
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Re: Jobs report
Hold up, don't most Repubes bitch and moan when they can't get served for fast food? I see it all over the place.Matt wrote: ↑Sun May 09, 2021 10:45 amThe jobs report was not good, especially when we were hearing there could be upwards of 1M jobs added. Yesterday's WSJ Editorial was on point:
They’ve underestimated the supply-chain constraints that have been screaming across the economy for months—from too few workers to the computer chip shortage and soaring lumber and freight prices. The economy can’t produce enough goods and services fast enough to meet the soaring demand from the easing pandemic and government policies that have shoveled cash to consumers and rewarded Americans for not working.
Employers across the country have been complaining for months that the federal $300 weekly jobless bonus has made it difficult to hire. Most lower-income workers can make more sitting on the couch. It’s notable that half of the new labor market entrants last month were teens, most of whom don’t qualify for jobless benefits because of their short or nonexistent employment histories.
...
The policy lesson is to ease government constraints on supply. That means repealing the federal bonus not to work. And it should mean withdrawing the Biden tax increases that are a frontal attack on investment and supply. There is no need for more Keynesian stimulus, which has become part of the problem.
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Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Re: Jobs report
Get a job yet, son?MotorCityRadioFreak wrote: ↑Sun May 09, 2021 11:34 pmHold up, don't most Repubes bitch and moan when they can't get served for fast food? I see it all over the place.Matt wrote: ↑Sun May 09, 2021 10:45 amThe jobs report was not good, especially when we were hearing there could be upwards of 1M jobs added. Yesterday's WSJ Editorial was on point:
They’ve underestimated the supply-chain constraints that have been screaming across the economy for months—from too few workers to the computer chip shortage and soaring lumber and freight prices. The economy can’t produce enough goods and services fast enough to meet the soaring demand from the easing pandemic and government policies that have shoveled cash to consumers and rewarded Americans for not working.
Employers across the country have been complaining for months that the federal $300 weekly jobless bonus has made it difficult to hire. Most lower-income workers can make more sitting on the couch. It’s notable that half of the new labor market entrants last month were teens, most of whom don’t qualify for jobless benefits because of their short or nonexistent employment histories.
...
The policy lesson is to ease government constraints on supply. That means repealing the federal bonus not to work. And it should mean withdrawing the Biden tax increases that are a frontal attack on investment and supply. There is no need for more Keynesian stimulus, which has become part of the problem.
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Donald Trump was and is the best president this country has ever had. And he will return to glory as our leader again.
Re: Jobs report
This comment hasn't aged well.Rate This wrote: ↑Sun May 09, 2021 2:21 pmInterestingly the fed feels that meaningful inflation is not an issue coming over the horizon. The way they are talking it’s more likely to occur in 2028 or so if it does at all.MWmetalhead wrote: ↑Sun May 09, 2021 12:37 pm100% agreed.The intermediate effect of this is going to be significant inflation. Even Warren Buffet says significant inflation is happening already. https://www.cnbc.com/2021/05/03/warren- ... rices.html
We might not just end up with inflation (which has already begun); this could morph into stagflation.
Re: Jobs report
Certainly hasn’t. But I wasn’t making it up.bmw wrote: ↑Thu Feb 10, 2022 9:57 amThis comment hasn't aged well.Rate This wrote: ↑Sun May 09, 2021 2:21 pmInterestingly the fed feels that meaningful inflation is not an issue coming over the horizon. The way they are talking it’s more likely to occur in 2028 or so if it does at all.MWmetalhead wrote: ↑Sun May 09, 2021 12:37 pm100% agreed.The intermediate effect of this is going to be significant inflation. Even Warren Buffet says significant inflation is happening already. https://www.cnbc.com/2021/05/03/warren- ... rices.html
We might not just end up with inflation (which has already begun); this could morph into stagflation.
Re: Jobs report
OH, I know. The fed was so full it; they were protecting the early Biden presidency with their lies. I don't know how anybody could have looked at the economic situation at the time and not saw this coming.
Re: Jobs report
That's what the Fed was doing....
Biden works for the FED along with everybody else.
Biden works for the FED along with everybody else.
“Blessed are those who are righteous in his name.”
― Matt
Posting Content © 2024 TC Talks Holdings LP.
― Matt
Posting Content © 2024 TC Talks Holdings LP.