Capitalism, The Fed and Economic Policy

nicknyr15 said:

Halifax2TheMax said:

nicknyr15 said:

Halifax2TheMax said:

nicknyr15 said:

Halifax2TheMax said:

nicknyr15 said:

Halifax2TheMax said:

nicknyr15 said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax said:

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.

Because the fed runs Amazon or Bozos? 

Nothing has one to do with the other.  It's funny that the jobs report was good and Amazon is still laying off.

This has been about 80,000 jobs lost by big tech these past few months.

Maybe because folks are enjoying their freedumbs and going to brick and mortar stores?

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 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. 

What are you comparing it to when you say, “any other big business?”

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. 

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.

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. 

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. 

Why the pissiness? Good lord, god forbid you ask a question these days.

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.

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. 

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.

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. 

nicknyr15 said:

Halifax2TheMax said:

nicknyr15 said:

Halifax2TheMax said:

nicknyr15 said:

Halifax2TheMax said:

nicknyr15 said:

Halifax2TheMax said:

nicknyr15 said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax said:

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.

Because the fed runs Amazon or Bozos? 

Nothing has one to do with the other.  It's funny that the jobs report was good and Amazon is still laying off.

This has been about 80,000 jobs lost by big tech these past few months.

Maybe because folks are enjoying their freedumbs and going to brick and mortar stores?

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 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. 

What are you comparing it to when you say, “any other big business?”

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. 

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.

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. 

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. 

Why the pissiness? Good lord, god forbid you ask a question these days.

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.

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. 

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.

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. 

The Juggler said:

https://www.cnbc.com/2023/04/12/cpi-march-2023-.html

The Juggler said:

Could be in that 2% range by end of the year if this continues...

mrussel1 said:

tempo_n_groove said:

The Juggler said:

Could be in that 2% range by end of the year if this continues...

Doesn't help that the interest rates will still be really damn high...

It's not high.  I would argue that it's been too low too long.  

The Juggler said:

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

The Juggler said:

Could be in that 2% range by end of the year if this continues...

Doesn't help that the interest rates will still be really damn high...

It's not high.  I would argue that it's been too low too long.  

I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.

Average house on Long Island is just stupid...

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. 

Home values on the other hand...

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:

The Juggler said:

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

The Juggler said:

Could be in that 2% range by end of the year if this continues...

Doesn't help that the interest rates will still be really damn high...

It's not high.  I would argue that it's been too low too long.  

I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.

Average house on Long Island is just stupid...

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. 

Home values on the other hand...

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.

tempo_n_groove said:

The Juggler said:

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

The Juggler said:

Could be in that 2% range by end of the year if this continues...

Doesn't help that the interest rates will still be really damn high...

It's not high.  I would argue that it's been too low too long.  

I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.

Average house on Long Island is just stupid...

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. 

Home values on the other hand...

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.

mickeyrat said:

The Juggler said:

tempo_n_groove said:

The Juggler said:

tempo_n_groove said:

mrussel1 said:

tempo_n_groove said:

The Juggler said:

Could be in that 2% range by end of the year if this continues...

Doesn't help that the interest rates will still be really damn high...

It's not high.  I would argue that it's been too low too long.  

I actually agree on that but when prices of things skyrocketed and don't seem to be coming down that's a problem.

Average house on Long Island is just stupid...

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. 

Home values on the other hand...

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.

Home prices aren't really about inflation. 

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......

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.