Capitalism, The Fed and Economic Policy
Comments
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Man oh man. A tour announcement is something I think we can all agree with!! I feel bad for kids who missed out on walking into a toy store. Walking into Toys R Us as a child was the ultimate experience ! At my age, I enjoy the convenience of ordering shampoo instead of waiting for someone to come and unlock it for me at a CVS lol.Halifax2TheMax said:
I used to see Amazon deliver to my neighbours every day and sometimes multiple times per day from pandemic lockdown to present. What are they buying? God only knows. But every time I use Amazon to research a product, I think what a shit website. Then I go to a brick and mortar store or purchase directly from the source online. That web experience is way better than Amazon. And I never need something by 10:00 am tomorrow. Unless it’s a tour announcement.nicknyr15 said:
I’m sorry for the pissiness. I just don’t have the time or patience to get into a back and forth with you and I don’t want it to come off wrong. I know you’re insanely passionate about everything and I can’t match that on the internet. I don’t mean that in a bad way.Halifax2TheMax said:
Why the pissiness? Good lord, god forbid you ask a question these days.nicknyr15 said:
Yea I do order a ton of sneakers and tickets. And yes, I’ve been buying stuff from Amazon for 17 years and shit happens sometimes. I’m never on hold for more than 5 min and my problem is resolved immediately. Can’t say that for any other company.Halifax2TheMax said:
But are you really on every day with those other providers? You order a lot of shoes and tickets? Cable goes out, phone too? And why would you have to call them if they’re so great? Weird.nicknyr15 said:
Cable , internet, AT&T , utilities, any other big name merchant, NIKE, TICKETMASTER , just a few that come to mind that I’ve had to deal with personally. It’s always an ordeal. Anytime I’ve called Amazon, I’m on the phone with a rep quickly and done in no time.Halifax2TheMax said:
What are you comparing it to when you say, “any other big business?”nicknyr15 said:
I mean I use it daily. For me it’s not even close. Great prices, fastest shipping and the absolute best customer service, especially when compared to any other big business. But that’s my opinion and experience. I’ve been using them since 2006.Halifax2TheMax said:
Maybe because folks are enjoying their freedumbs and going to brick and mortar stores?tempo_n_groove said:
Nothing has one to do with the other. It's funny that the jobs report was good and Amazon is still laying off.Halifax2TheMax said:
Because the fed runs Amazon or Bozos?tempo_n_groove said:So 1/4 point up because the jobs report was so good. Jeezus. No one will be buying any big ticket items in the future.
Also Amazon is laying off another 8000 workers. The storm is coming, the fed hasn’t screwed it up enough yet.
This has been about 80,000 jobs lost by big tech these past few months.
Have you used bozos platform or website recently? Garbage. Hasn’t reinvested a dime. But let’s give him another tax break or three.I’m not going back and forth with you on this. I’ve explained how I felt about Amazon. I love them. You don’t. That’s cool.
okay, so you order a bunch a shit from Amazon. IMO, if their platform is great, you don’t need to call them. Cable, phone, internet, shit or person shows up, shit works, maybe I call once every two years or when the term expires and it’s time for renewal. Other websites or online retailers have much better websites. Amazon? Too many clicks. Disorganized and looks like a website from the early 2000s. Enjoy your love.
Now excuse me while I go piss in someone else’s cheerios. I should have known better.0 -
Shampoo locked really? Damn I was just @Shop rite this weekend I bought shampoo in the isle of soaps & shampoos no problem! I really don’t buy from Amazon except when I was getting into cooking all my edibles, I had to buy a butter making machine & a few other items.nicknyr15 said:
Man oh man. A tour announcement is something I think we can all agree with!! I feel bad for kids who missed out on walking into a toy store. Walking into Toys R Us as a child was the ultimate experience ! At my age, I enjoy the convenience of ordering shampoo instead of waiting for someone to come and unlock it for me at a CVS lol.Halifax2TheMax said:
I used to see Amazon deliver to my neighbours every day and sometimes multiple times per day from pandemic lockdown to present. What are they buying? God only knows. But every time I use Amazon to research a product, I think what a shit website. Then I go to a brick and mortar store or purchase directly from the source online. That web experience is way better than Amazon. And I never need something by 10:00 am tomorrow. Unless it’s a tour announcement.nicknyr15 said:
I’m sorry for the pissiness. I just don’t have the time or patience to get into a back and forth with you and I don’t want it to come off wrong. I know you’re insanely passionate about everything and I can’t match that on the internet. I don’t mean that in a bad way.Halifax2TheMax said:
Why the pissiness? Good lord, god forbid you ask a question these days.nicknyr15 said:
Yea I do order a ton of sneakers and tickets. And yes, I’ve been buying stuff from Amazon for 17 years and shit happens sometimes. I’m never on hold for more than 5 min and my problem is resolved immediately. Can’t say that for any other company.Halifax2TheMax said:
But are you really on every day with those other providers? You order a lot of shoes and tickets? Cable goes out, phone too? And why would you have to call them if they’re so great? Weird.nicknyr15 said:
Cable , internet, AT&T , utilities, any other big name merchant, NIKE, TICKETMASTER , just a few that come to mind that I’ve had to deal with personally. It’s always an ordeal. Anytime I’ve called Amazon, I’m on the phone with a rep quickly and done in no time.Halifax2TheMax said:
What are you comparing it to when you say, “any other big business?”nicknyr15 said:
I mean I use it daily. For me it’s not even close. Great prices, fastest shipping and the absolute best customer service, especially when compared to any other big business. But that’s my opinion and experience. I’ve been using them since 2006.Halifax2TheMax said:
Maybe because folks are enjoying their freedumbs and going to brick and mortar stores?tempo_n_groove said:
Nothing has one to do with the other. It's funny that the jobs report was good and Amazon is still laying off.Halifax2TheMax said:
Because the fed runs Amazon or Bozos?tempo_n_groove said:So 1/4 point up because the jobs report was so good. Jeezus. No one will be buying any big ticket items in the future.
Also Amazon is laying off another 8000 workers. The storm is coming, the fed hasn’t screwed it up enough yet.
This has been about 80,000 jobs lost by big tech these past few months.
Have you used bozos platform or website recently? Garbage. Hasn’t reinvested a dime. But let’s give him another tax break or three.I’m not going back and forth with you on this. I’ve explained how I felt about Amazon. I love them. You don’t. That’s cool.
okay, so you order a bunch a shit from Amazon. IMO, if their platform is great, you don’t need to call them. Cable, phone, internet, shit or person shows up, shit works, maybe I call once every two years or when the term expires and it’s time for renewal. Other websites or online retailers have much better websites. Amazon? Too many clicks. Disorganized and looks like a website from the early 2000s. Enjoy your love.
Now excuse me while I go piss in someone else’s cheerios. I should have known better.jesus greets me looks just like me ....0 -
Yea in Brooklyn everything is mostly locked. Bunch of impatient people waiting for some poor lady to come with keys. Sad.josevolution said:
Shampoo locked really? Damn I was just @Shop rite this weekend I bought shampoo in the isle of soaps & shampoos no problem! I really don’t buy from Amazon except when I was getting into cooking all my edibles, I had to buy a butter making machine & a few other items.nicknyr15 said:
Man oh man. A tour announcement is something I think we can all agree with!! I feel bad for kids who missed out on walking into a toy store. Walking into Toys R Us as a child was the ultimate experience ! At my age, I enjoy the convenience of ordering shampoo instead of waiting for someone to come and unlock it for me at a CVS lol.Halifax2TheMax said:
I used to see Amazon deliver to my neighbours every day and sometimes multiple times per day from pandemic lockdown to present. What are they buying? God only knows. But every time I use Amazon to research a product, I think what a shit website. Then I go to a brick and mortar store or purchase directly from the source online. That web experience is way better than Amazon. And I never need something by 10:00 am tomorrow. Unless it’s a tour announcement.nicknyr15 said:
I’m sorry for the pissiness. I just don’t have the time or patience to get into a back and forth with you and I don’t want it to come off wrong. I know you’re insanely passionate about everything and I can’t match that on the internet. I don’t mean that in a bad way.Halifax2TheMax said:
Why the pissiness? Good lord, god forbid you ask a question these days.nicknyr15 said:
Yea I do order a ton of sneakers and tickets. And yes, I’ve been buying stuff from Amazon for 17 years and shit happens sometimes. I’m never on hold for more than 5 min and my problem is resolved immediately. Can’t say that for any other company.Halifax2TheMax said:
But are you really on every day with those other providers? You order a lot of shoes and tickets? Cable goes out, phone too? And why would you have to call them if they’re so great? Weird.nicknyr15 said:
Cable , internet, AT&T , utilities, any other big name merchant, NIKE, TICKETMASTER , just a few that come to mind that I’ve had to deal with personally. It’s always an ordeal. Anytime I’ve called Amazon, I’m on the phone with a rep quickly and done in no time.Halifax2TheMax said:
What are you comparing it to when you say, “any other big business?”nicknyr15 said:
I mean I use it daily. For me it’s not even close. Great prices, fastest shipping and the absolute best customer service, especially when compared to any other big business. But that’s my opinion and experience. I’ve been using them since 2006.Halifax2TheMax said:
Maybe because folks are enjoying their freedumbs and going to brick and mortar stores?tempo_n_groove said:
Nothing has one to do with the other. It's funny that the jobs report was good and Amazon is still laying off.Halifax2TheMax said:
Because the fed runs Amazon or Bozos?tempo_n_groove said:So 1/4 point up because the jobs report was so good. Jeezus. No one will be buying any big ticket items in the future.
Also Amazon is laying off another 8000 workers. The storm is coming, the fed hasn’t screwed it up enough yet.
This has been about 80,000 jobs lost by big tech these past few months.
Have you used bozos platform or website recently? Garbage. Hasn’t reinvested a dime. But let’s give him another tax break or three.I’m not going back and forth with you on this. I’ve explained how I felt about Amazon. I love them. You don’t. That’s cool.
okay, so you order a bunch a shit from Amazon. IMO, if their platform is great, you don’t need to call them. Cable, phone, internet, shit or person shows up, shit works, maybe I call once every two years or when the term expires and it’s time for renewal. Other websites or online retailers have much better websites. Amazon? Too many clicks. Disorganized and looks like a website from the early 2000s. Enjoy your love.
Now excuse me while I go piss in someone else’s cheerios. I should have known better.0 -
nicknyr15 said:
Man oh man. A tour announcement is something I think we can all agree with!! I feel bad for kids who missed out on walking into a toy store. Walking into Toys R Us as a child was the ultimate experience ! At my age, I enjoy the convenience of ordering shampoo instead of waiting for someone to come and unlock it for me at a CVS lol.Halifax2TheMax said:
I used to see Amazon deliver to my neighbours every day and sometimes multiple times per day from pandemic lockdown to present. What are they buying? God only knows. But every time I use Amazon to research a product, I think what a shit website. Then I go to a brick and mortar store or purchase directly from the source online. That web experience is way better than Amazon. And I never need something by 10:00 am tomorrow. Unless it’s a tour announcement.nicknyr15 said:
I’m sorry for the pissiness. I just don’t have the time or patience to get into a back and forth with you and I don’t want it to come off wrong. I know you’re insanely passionate about everything and I can’t match that on the internet. I don’t mean that in a bad way.Halifax2TheMax said:
Why the pissiness? Good lord, god forbid you ask a question these days.nicknyr15 said:
Yea I do order a ton of sneakers and tickets. And yes, I’ve been buying stuff from Amazon for 17 years and shit happens sometimes. I’m never on hold for more than 5 min and my problem is resolved immediately. Can’t say that for any other company.Halifax2TheMax said:
But are you really on every day with those other providers? You order a lot of shoes and tickets? Cable goes out, phone too? And why would you have to call them if they’re so great? Weird.nicknyr15 said:
Cable , internet, AT&T , utilities, any other big name merchant, NIKE, TICKETMASTER , just a few that come to mind that I’ve had to deal with personally. It’s always an ordeal. Anytime I’ve called Amazon, I’m on the phone with a rep quickly and done in no time.Halifax2TheMax said:
What are you comparing it to when you say, “any other big business?”nicknyr15 said:
I mean I use it daily. For me it’s not even close. Great prices, fastest shipping and the absolute best customer service, especially when compared to any other big business. But that’s my opinion and experience. I’ve been using them since 2006.Halifax2TheMax said:
Maybe because folks are enjoying their freedumbs and going to brick and mortar stores?tempo_n_groove said:
Nothing has one to do with the other. It's funny that the jobs report was good and Amazon is still laying off.Halifax2TheMax said:
Because the fed runs Amazon or Bozos?tempo_n_groove said:So 1/4 point up because the jobs report was so good. Jeezus. No one will be buying any big ticket items in the future.
Also Amazon is laying off another 8000 workers. The storm is coming, the fed hasn’t screwed it up enough yet.
This has been about 80,000 jobs lost by big tech these past few months.
Have you used bozos platform or website recently? Garbage. Hasn’t reinvested a dime. But let’s give him another tax break or three.I’m not going back and forth with you on this. I’ve explained how I felt about Amazon. I love them. You don’t. That’s cool.
okay, so you order a bunch a shit from Amazon. IMO, if their platform is great, you don’t need to call them. Cable, phone, internet, shit or person shows up, shit works, maybe I call once every two years or when the term expires and it’s time for renewal. Other websites or online retailers have much better websites. Amazon? Too many clicks. Disorganized and looks like a website from the early 2000s. Enjoy your love.
Now excuse me while I go piss in someone else’s cheerios. I should have known better.
No doubt. I also order most of my usual household goods on Amazon because it is easier and cheaper. Soap, toothpaste, hair products, cleaning products, tampons, etc etc. Delivered to my door for less instead of trecking to the mall and paying more = awesome.
Post edited by PJ_Soul onWith all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata0 -
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WTF Brandon????!!!!The Juggler said:09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR; 05/03/2025, New Orleans, LA;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
Could be in that 2% range by end of the year if this continues...
www.myspace.com0 -
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...0 -
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
0 -
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...0 -
But the prices of things are coming down though. That's what the chart is referencing. Still too high, but coming down none the less.tempo_n_groove said:
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...
Home values on the other hand...www.myspace.com0 -
Gas, sure, houses and cars? Ain't seen nothin... I've been wanting a new car for a while but I can't with these damn prices. It's absurd.The Juggler said:
But the prices of things are coming down though. That's what the chart is referencing. Still too high, but coming down none the less.tempo_n_groove said:
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...
Home values on the other hand...0 -
Psh. starter homes 500,000 in Austin. @ around 7% that seems like robbery. Also the payments on that would be crazy for most people. Looks like we are gonna keep renting. I'm glad things are getting better though.
tempo_n_groove said:
Gas, sure, houses and cars? Ain't seen nothin... I've been wanting a new car for a while but I can't with these damn prices. It's absurd.The Juggler said:
But the prices of things are coming down though. That's what the chart is referencing. Still too high, but coming down none the less.tempo_n_groove said:
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...
Home values on the other hand...
Scio me nihil scire
There are no kings inside the gates of eden0 -
This is a supply issue, not an interest rate one. The higher the interest rate, the more inventory, the lower the price. But that's not going to happen until more homes are built (or apts).static111 said:Psh. starter homes 500,000 in Austin. @ around 7% that seems like robbery. Also the payments on that would be crazy for most people. Looks like we are gonna keep renting. I'm glad things are getting better though.
tempo_n_groove said:
Gas, sure, houses and cars? Ain't seen nothin... I've been wanting a new car for a while but I can't with these damn prices. It's absurd.The Juggler said:
But the prices of things are coming down though. That's what the chart is referencing. Still too high, but coming down none the less.tempo_n_groove said:
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...
Home values on the other hand...0 -
Yes I agree completely, however the higher interest rates do nothing for the long term cost. This problem has been exacerbated by people from high rent areas selling their million dollar plus homes then moving here and buying several homes paying in cash and using the rest of the homes as rent generators. As well you have investment firms buying up single family homes as revenue generators as well. A big part of the issue is that there are homes, they are just being used as rental units.mrussel1 said:
This is a supply issue, not an interest rate one. The higher the interest rate, the more inventory, the lower the price. But that's not going to happen until more homes are built (or apts).static111 said:Psh. starter homes 500,000 in Austin. @ around 7% that seems like robbery. Also the payments on that would be crazy for most people. Looks like we are gonna keep renting. I'm glad things are getting better though.
tempo_n_groove said:
Gas, sure, houses and cars? Ain't seen nothin... I've been wanting a new car for a while but I can't with these damn prices. It's absurd.The Juggler said:
But the prices of things are coming down though. That's what the chart is referencing. Still too high, but coming down none the less.tempo_n_groove said:
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...
Home values on the other hand...
This doesn't seem like healthy economics. Far be it from me to try to put limits on who can own how many homes and for what purposes, but when some people own 4 or more while driving up the perceived value of what is available to people that don't own one, that does not seem like a fair playing field. Not to mention that there is the possibility that someone buys high and the market fails again.
Being that this is the Capitalism, the Fed and Economic Policy, I think that this is still a relevant conversation.Scio me nihil scire
There are no kings inside the gates of eden0 -
Home prices aren't really about inflation.tempo_n_groove said:
Gas, sure, houses and cars? Ain't seen nothin... I've been wanting a new car for a while but I can't with these damn prices. It's absurd.The Juggler said:
But the prices of things are coming down though. That's what the chart is referencing. Still too high, but coming down none the less.tempo_n_groove said:
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...
Home values on the other hand...
Car prices actually went down...so did bacon!
https://www.cnbc.com/2023/04/12/heres-the-inflation-breakdown-for-march-2023-in-one-chart.html
www.myspace.com0 -
The Juggler said:
Home prices aren't really about inflation.tempo_n_groove said:
Gas, sure, houses and cars? Ain't seen nothin... I've been wanting a new car for a while but I can't with these damn prices. It's absurd.The Juggler said:
But the prices of things are coming down though. That's what the chart is referencing. Still too high, but coming down none the less.tempo_n_groove said:
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...
Home values on the other hand...
Car prices actually went down...so did bacon!
https://www.cnbc.com/2023/04/12/heres-the-inflation-breakdown-for-march-2023-in-one-chart.html
2 in the past month bulk chicken breast sale $1.99 lb......
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Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
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another man ..... moved by sleight of hand...................................... joe louis arena detroit '140 -
I know lumber is down quite a bit. Pre pandemic levels, I believe.mickeyrat said:The Juggler said:
Home prices aren't really about inflation.tempo_n_groove said:
Gas, sure, houses and cars? Ain't seen nothin... I've been wanting a new car for a while but I can't with these damn prices. It's absurd.The Juggler said:
But the prices of things are coming down though. That's what the chart is referencing. Still too high, but coming down none the less.tempo_n_groove said:
I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.mrussel1 said:
It's not high. I would argue that it's been too low too long.tempo_n_groove said:
Doesn't help that the interest rates will still be really damn high...The Juggler said:Could be in that 2% range by end of the year if this continues...
Average house on Long Island is just stupid...
Home values on the other hand...
Car prices actually went down...so did bacon!
https://www.cnbc.com/2023/04/12/heres-the-inflation-breakdown-for-march-2023-in-one-chart.html
2 in the past month bulk chicken breast sale $1.99 lb......www.myspace.com0 -
Watch out for that looming taco. From Jim Hightower's latest program.
.These days, America’s top economic officials tend to speak in unintelligible bureaucratic gobbledygook. But, once upon a time, there was a plainspokenWhite House economist, and he even had a sense of humor. He didn’t last.Alfred Kahn was chastised by the White House in 1978 for speaking clearly and honestly about the looming possibility of a depression: “Too blunt… use softer words!” So Kahn started calling the downturn a looming “banana.” When banana industry lobbyists complained, he switched to “kumquat.”
In that spirit, let me warn you about an unemployment “taco” that the autocratic Federal Reserve system is cooking up for working families. The Fed (as it is called by jolly bankers who run it) says it is imposing “the restoration between supply and demand in the labor market.” They soothingly add that “there will very likely be some softening in labor market conditions.”
You can almost hear them humming Rock-a-bye Baby, but don’t nod off. As Bryce Covert, the insightful economic digger and truthteller recently explained, there’s nothing soft about the Fed’s arbitrary policy – it means “fewer raises and more people out of work… which means about 1.5 million people will lose their jobs.” She documents that, historically, such a jolt of unemployment will probably (get ready for scary words) “trigger a recession.” Or a “taco” if that makes you feel better.
The mumbo-jumbo of economists aside, what we have here is the same old power play of moneyed elites putting the jobs and wages of working families on the chopping block to jack up the exorbitant profits of monopolistic corporations. When the Fed bankers say they’re “restoring balance,” they mean restoring the power of corporate bosses to rule unilaterally over America’s workaday majority.
In plain language, this is blatant class war by the privileged few against the many.
Scio me nihil scire
There are no kings inside the gates of eden0 -
Sorry, I'm not nearly this cynical and the writer seems to take giant leaps between each successive conclusion which led to the "blatant class warfare". If I was equally cynical, I might argue that this language is incendiary communism, which has a batting average of .000% in practice.static111 said:Watch out for that looming taco. From Jim Hightower's latest program.
.These days, America’s top economic officials tend to speak in unintelligible bureaucratic gobbledygook. But, once upon a time, there was a plainspokenWhite House economist, and he even had a sense of humor. He didn’t last.Alfred Kahn was chastised by the White House in 1978 for speaking clearly and honestly about the looming possibility of a depression: “Too blunt… use softer words!” So Kahn started calling the downturn a looming “banana.” When banana industry lobbyists complained, he switched to “kumquat.”
In that spirit, let me warn you about an unemployment “taco” that the autocratic Federal Reserve system is cooking up for working families. The Fed (as it is called by jolly bankers who run it) says it is imposing “the restoration between supply and demand in the labor market.” They soothingly add that “there will very likely be some softening in labor market conditions.”
You can almost hear them humming Rock-a-bye Baby, but don’t nod off. As Bryce Covert, the insightful economic digger and truthteller recently explained, there’s nothing soft about the Fed’s arbitrary policy – it means “fewer raises and more people out of work… which means about 1.5 million people will lose their jobs.” She documents that, historically, such a jolt of unemployment will probably (get ready for scary words) “trigger a recession.” Or a “taco” if that makes you feel better.
The mumbo-jumbo of economists aside, what we have here is the same old power play of moneyed elites putting the jobs and wages of working families on the chopping block to jack up the exorbitant profits of monopolistic corporations. When the Fed bankers say they’re “restoring balance,” they mean restoring the power of corporate bosses to rule unilaterally over America’s workaday majority.
In plain language, this is blatant class war by the privileged few against the many.
Where is this quote of "restoration between supply and demand in the labor market" originating? FTR, I fully agree there is an imbalance. It's been impossible to get qualified talent since the pandemic.0
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