Capitalism, The Fed and Economic Policy

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  • mickeyrat
    mickeyrat Posts: 44,380

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  • mickeyrat
    mickeyrat Posts: 44,380


    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1
    mrussel1 Posts: 30,879
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  
  • nicknyr15
    nicknyr15 Posts: 9,218
    mrussel1 said:
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  
    Exactly why I’ll never read any of those “tweets”. They’re mostly taken out of context with one goal
    in mind…. To rile everyone up and hate the other side more. 
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,135
    mrussel1 said:
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  
    But corporations are people too.
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  • josevolution
    josevolution Posts: 31,587
    When is the debt ceiling supposed to expire? 
    jesus greets me looks just like me ....
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,135
    josevolution said:
    When is the debt ceiling supposed to expire? 
    Already expired, yesterday or Tuesday, I believe. Got till summer to fix it.

    It’s almost like COOTWH wants the government to fail, sparking, I don’t know, maybe a civil war?

    https://www.investopedia.com/the-u-s-has-hit-the-debt-ceiling-how-long-does-congress-have-to-fix-it-8778710
    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;

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  • Tim Simmons
    Tim Simmons Posts: 9,545
    edited January 23
    There is no date. 

    But I expect it to be the big conversation for the next couple months. 

  • josevolution
    josevolution Posts: 31,587
    💩 head has already said the democrats are to blame for this issue.
    jesus greets me looks just like me ....
  • josevolution
    josevolution Posts: 31,587
    Halifax2TheMax said:
    josevolution said:
    When is the debt ceiling supposed to expire? 
    Already expired, yesterday or Tuesday, I believe. Got till summer to fix it.

    It’s almost like COOTWH wants the government to fail, sparking, I don’t know, maybe a civil war?

    https://www.investopedia.com/the-u-s-has-hit-the-debt-ceiling-how-long-does-congress-have-to-fix-it-8778710
    Thanks 
    jesus greets me looks just like me ....
  • DE4173
    DE4173 Posts: 2,799
    nicknyr15 said:
    mrussel1 said:
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  
    Exactly why I’ll never read any of those “tweets”. They’re mostly taken out of context with one goal
    in mind…. To rile everyone up and hate the other side more. 

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  • mrussel1
    mrussel1 Posts: 30,879
    Halifax2TheMax said:
    mrussel1 said:
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  
    But corporations are people too.

    touche.  I forgot about that.  
  • mickeyrat
    mickeyrat Posts: 44,380
    mrussel1 said:
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  

    no no no. corporations are people too. just ask scotus.
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Lerxst1992
    Lerxst1992 Posts: 7,855
    mrussel1 said:
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  


    Inflationary may not be related to tariffs in many instances. Eggs, a basic staple, and connected to a ton of other products, prices are rising fast. Harris and Biden were terrible at the inflation argument.

     The issue with the first trump term was that he was asleep at the wheel. While arguing his election conspiracies Non stop, the supply chain broke, and the inflation crisis of 2021 was born. Harris didn’t even attempt to pin inflation on trump. Democrats are lost beyond lost.

    this is history repeating itself. Trump controls the narrative, focus on tariffs, as an American net export product is set to push up inflation. Trump and our now missing gop friends will find out about this in a few months, when it’s too late to stop the impact on this causing inflation throughout the grocery store. Where you at shecky and choccolotide?

    ..

    from axios,

    Egg prices are climbing to new record highs daily, Karyn Rispoli, managing editor for eggs in the Americas for price-reporting service Expana, tells Axios.

    • A dozen large eggs in the Southeast and South Central "will be north of $7," while Midwest eggs are $6.95, Rispoli said Tuesday.
    • Brian Moscogiuri, a global trade strategist at Eggs Unlimited, an egg supplier based in Irvine, California, told Axios that the "transactional values of eggs are as high as we've ever seen them."
    • "Some of the retailers are short because their suppliers have been directly impacted and their replacement cost is extremely high right now because there's not much egg to be had in the market," he said.
  • mrussel1
    mrussel1 Posts: 30,879
    Lerxst1992 said:
    mrussel1 said:
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  


    Inflationary may not be related to tariffs in many instances. Eggs, a basic staple, and connected to a ton of other products, prices are rising fast. Harris and Biden were terrible at the inflation argument.

     The issue with the first trump term was that he was asleep at the wheel. While arguing his election conspiracies Non stop, the supply chain broke, and the inflation crisis of 2021 was born. Harris didn’t even attempt to pin inflation on trump. Democrats are lost beyond lost.

    this is history repeating itself. Trump controls the narrative, focus on tariffs, as an American net export product is set to push up inflation. Trump and our now missing gop friends will find out about this in a few months, when it’s too late to stop the impact on this causing inflation throughout the grocery store. Where you at shecky and choccolotide?

    ..

    from axios,

    Egg prices are climbing to new record highs daily, Karyn Rispoli, managing editor for eggs in the Americas for price-reporting service Expana, tells Axios.

    • A dozen large eggs in the Southeast and South Central "will be north of $7," while Midwest eggs are $6.95, Rispoli said Tuesday.
    • Brian Moscogiuri, a global trade strategist at Eggs Unlimited, an egg supplier based in Irvine, California, told Axios that the "transactional values of eggs are as high as we've ever seen them."
    • "Some of the retailers are short because their suppliers have been directly impacted and their replacement cost is extremely high right now because there's not much egg to be had in the market," he said.
    Jamie Dimon isn't talking about eggs in this discussion though.  I'm not arguing that eggs aren't on the rise, but I'm not aware of us importing eggs in large numbers.  I think it's just a small fraction compared to what we produce.  
  • tbergs
    tbergs Posts: 10,401
    Thank god my eggs are produced in my own backyard. Going to be hard to grow the flock this year with Avian flu around though. Down to just a dozen.
    It's a hopeless situation...
  • The Juggler
    The Juggler Posts: 49,594
    I just came back from the grocery store. $12 for a dozen eggs?!?!?!?

    THANKS A LOT TRUMP!
    www.myspace.com
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,135
    The Juggler said:
    I just came back from the grocery store. $12 for a dozen eggs?!?!?!?

    THANKS A LOT TRUMP!
    Have you ever made angel eggs?

    https://www.instagram.com/reel/DC2UNpMytmS/?igsh=MTRxYm8wMXh6NWJvZA==
    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;

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  • Lerxst1992
    Lerxst1992 Posts: 7,855
    mrussel1 said:
    Lerxst1992 said:
    mrussel1 said:
    mickeyrat said:


    Totally misconstrued what Dimon said, out of context.  I read this interview yesterday because I think Jamie Dimon is the smartest guy in business and he is more left than right, but tries to be politically agnostic.  His point was, if a little tariff is inflationary, but good for national security, that might be a good tradeoff.  But it's happening so businesses needs to "get over it" and prepare.  He was talking about business leaders, not "people".  


    Inflationary may not be related to tariffs in many instances. Eggs, a basic staple, and connected to a ton of other products, prices are rising fast. Harris and Biden were terrible at the inflation argument.

     The issue with the first trump term was that he was asleep at the wheel. While arguing his election conspiracies Non stop, the supply chain broke, and the inflation crisis of 2021 was born. Harris didn’t even attempt to pin inflation on trump. Democrats are lost beyond lost.

    this is history repeating itself. Trump controls the narrative, focus on tariffs, as an American net export product is set to push up inflation. Trump and our now missing gop friends will find out about this in a few months, when it’s too late to stop the impact on this causing inflation throughout the grocery store. Where you at shecky and choccolotide?

    ..

    from axios,

    Egg prices are climbing to new record highs daily, Karyn Rispoli, managing editor for eggs in the Americas for price-reporting service Expana, tells Axios.

    • A dozen large eggs in the Southeast and South Central "will be north of $7," while Midwest eggs are $6.95, Rispoli said Tuesday.
    • Brian Moscogiuri, a global trade strategist at Eggs Unlimited, an egg supplier based in Irvine, California, told Axios that the "transactional values of eggs are as high as we've ever seen them."
    • "Some of the retailers are short because their suppliers have been directly impacted and their replacement cost is extremely high right now because there's not much egg to be had in the market," he said.
    Jamie Dimon isn't talking about eggs in this discussion though.  I'm not arguing that eggs aren't on the rise, but I'm not aware of us importing eggs in large numbers.  I think it's just a small fraction compared to what we produce.  

    Wasn’t looking to be contentious, just that the egg story is being ignored by the media now as they focus on tariffs. Eggs do have a surprising impact on food prices, and ya know the high grocery costs won him the election because when it suited him, food prices were everything and tariffs were almost ignored by voters during the campaign.
  • Lerxst1992
    Lerxst1992 Posts: 7,855
    The Juggler said:
    I just came back from the grocery store. $12 for a dozen eggs?!?!?!?

    THANKS A LOT TRUMP!

    Let’s flag @shecky and @Choccoloccotide because I miss them because they are so concerned about fixing the economy. Great start fella!

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