People like to blame Covid for inflation - and to be sure shutting down the economy and supply chains is not nothing. But people like to forget the pre-covid $4 TRILLION print to the Repo market - speaking of getting nothing for that print.
People like to forget that and Congress is glad you did.
This regime has thrown gasoline onto a fire at every opportunity. Thank fucking christ BBB didn't pass. Shoutout @MelloDawg
They have taken what should have been isolated issues and created systemic problems. They can't get out of their own stupid fucking way.
If it wasn't for the consistent and obvious bumbling and idiocy on display on every front I would be more inclined to go full OBK and assume this is a concerted effort to tear down the US.
This regime has thrown gasoline onto a fire at every opportunity. Thank fucking christ BBB didn't pass. Shoutout @MelloDawg
They have taken what should have been isolated issues and created systemic problems. They can't get out of their own stupid fucking way.
If it wasn't for the consistent and obvious bumbling and idiocy on display on every front I would be more inclined to go full OBK and assume this is a concerted effort to tear down the US.
You would think that with his mythical MBA and his support for the "Milton Friedman isn't in charge" economic morons running the country he would have some relevant thoughts on the issue. Of course, the dementia patient being the more fiscally responsible alternative would explain a lot.
Maybe he can hope the Ukraine war ends soon and he can send his crack-addicted son over to bang some Russian underage escorts and beg Putin to pump more oil...
I can't imagine a more imbecilic and worse person to have sitting at the big desk than this buffoon.
Having said that, I've been meaning to check in with you and @UW_Doog_Bot about our current inflation situation. Last tim we talked about it, there was some ambiguity if the then-trending rise in prices was just related to infrastructure, logistics, supply chain, shortages, etc. due to the Vid, or if the bigger picture was the money machine running at full tilt for the last forever. Any current views?
It's interesting ... Biden is fuck to poke at because he's such a huge POS and terrible leader ... and brain dead ... but the money machine problem spans administrations, and Trump didn't want to turn it off either.
My question is whether this inflation is truly indicative of a watered down currency, a proxy for a failing economy or something else ... or, who cares? I know the Tug is more interested in the political explanation, but the truth is the money machine problem is bigger than, and preceded, the current dipshit in chief.
Without cheap money, you could have never shut down the economy. Everything after that was beyond obvious.
And it still caused massive problems.
Another lingering question I have is, what the fuck is this great resignation shit? Where are people going? The stimulus checks couldn't take even the most poor person more than a few months. And I know it's not savings. This is America; nobody saves.
What is this labor shortage about?
One theory I have is that it’s a lot of people in their 30’s and 40’s that are possibly beginning to inherent money from their aging/dead boomer parents.
What I saw was when the vid was at it's height, 5 million Americans or so +/- said I'm done and retired because they were close enough or could b/c of financial position.
This allowed many people to move up creating many openings at the very bottom/entry level postions (retail/hospitality) but not enough to fill all them.
As tech has started to show (and will bleed over everywhere the longer we are in the recession which I believe we are) the excess jobs will dry up very quickly especially with the sticky inflation and housing market ATM rolling over. 30 year mortgages at 6.3% take 2/3rd of current homebuyers out of the market to buy.
Maybe he can hope the Ukraine war ends soon and he can send his crack-addicted son over to bang some Russian underage escorts and beg Putin to pump more oil...
I can't imagine a more imbecilic and worse person to have sitting at the big desk than this buffoon.
Having said that, I've been meaning to check in with you and @UW_Doog_Bot about our current inflation situation. Last tim we talked about it, there was some ambiguity if the then-trending rise in prices was just related to infrastructure, logistics, supply chain, shortages, etc. due to the Vid, or if the bigger picture was the money machine running at full tilt for the last forever. Any current views?
It's interesting ... Biden is fuck to poke at because he's such a huge POS and terrible leader ... and brain dead ... but the money machine problem spans administrations, and Trump didn't want to turn it off either.
My question is whether this inflation is truly indicative of a watered down currency, a proxy for a failing economy or something else ... or, who cares? I know the Tug is more interested in the political explanation, but the truth is the money machine problem is bigger than, and preceded, the current dipshit in chief.
Without cheap money, you could have never shut down the economy. Everything after that was beyond obvious.
And it still caused massive problems.
Another lingering question I have is, what the fuck is this great resignation shit? Where are people going? The stimulus checks couldn't take even the most poor person more than a few months. And I know it's not savings. This is America; nobody saves.
What is this labor shortage about?
The so called Great Resignation is from the bottom up. Many leveraged their basic work ethic to move up from manning the fry basket to better jobs that paid more money. Any jobs that are listed that pay the US median income or more are still hotly contested for. We only notice this so called Great Resignation because grocery stores can’t hire checkers and stockers. Airlines can’t hire enough ticketing agents and ground support. Vax mandates Made pilots find other gigs. Cops were eviscerated by politicians and media to the point where they either moved to smaller towns or sought a new line of work altogether. We’ll never get all of them back again.
Politics and opportunity have fueled the great resignation. But most of it is people just finding better gigs and very few high school and college kids having jobs nowadays to backfill the jobs that opportunity left behind.
How many people who in previous years would have been in the work force in some capacity are now strung out on drugs and living off of welfare and public handouts? We're flooding this country with illegal workers in order to allow our bums and junkies and deadbeats their lives of leisure.
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People like to forget that and Congress is glad you did.
All that being said, Joe Biden sucks dick.
This regime has thrown gasoline onto a fire at every opportunity. Thank fucking christ BBB didn't pass. Shoutout @MelloDawg
They have taken what should have been isolated issues and created systemic problems. They can't get out of their own stupid fucking way.
If it wasn't for the consistent and obvious bumbling and idiocy on display on every front I would be more inclined to go full OBK and assume this is a concerted effort to tear down the US.
"Fundamental Transformation."
https://www.zerohedge.com/commodities/white-house-quietly-modeling-shock-200-oil
This allowed many people to move up creating many openings at the very bottom/entry level postions (retail/hospitality) but not enough to fill all them.
As tech has started to show (and will bleed over everywhere the longer we are in the recession which I believe we are) the excess jobs will dry up very quickly especially with the sticky inflation and housing market ATM rolling over. 30 year mortgages at 6.3% take 2/3rd of current homebuyers out of the market to buy.
Politics and opportunity have fueled the great resignation. But most of it is people just finding better gigs and very few high school and college kids having jobs nowadays to backfill the jobs that opportunity left behind.