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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

Page 230 of 455
  1. Twirling Time

    Twirling Time Well-Known Member

    So much for the pretty nice little Saturday.
     
    Twirling Time, Apr 26, 2023
    #2749
  2. Sam Mills 51

    Sam Mills 51 Well-Known Member

    Well ... if you don't get some sheets from BB&B on clearance, one might stay woke. They won't fall asleep, anyway.
     
    Sam Mills 51, Apr 26, 2023
    #2750
  3. garrow

    garrow Well-Known Member

     
    garrow, Apr 26, 2023
    #2751
  4. Starman

    Starman Well-Known Member

    $30 a week? I made $10-$12 a week and I liked it!!
     
    Starman, Apr 26, 2023
    #2752
    maumann likes this.
  5. The Big Ragu

    The Big Ragu Moderator Staff Member

    https://www.cnbc.com/2023/04/26/ban...brits-need-to-accept-were-all-worse-off-.html

    The guy who works for the central bank that has completely fucked its people by blowing its money supply out of the water to recklessly spur a debt binge that has now led to runaway consumer price inflation that is crippling the country. ... not only doesn't take responsibility. ... he tells people who want to earn more to offset the higher prices he's caused, that they need to bend over and make it easier for him to penetrate them. Holy moly.

    One thing I was wondering. ... if this is a war between capital and labor (due to the inflation he exists to create), why does that war have to be automatically won by capital, the way he is implicitly suggesting?

    In any case, I just randomly saw this, so I'll save you one of my posts. He does it better than I would have anyhow.

     
    Last edited: Apr 26, 2023
    The Big Ragu, Apr 26, 2023
    #2753
  6. Starman

    Starman Well-Known Member

    My dad told me in the 1970s not to go into journalism if I wanted to make any money.

    He retired from journalism in November 2000.
     
    Starman, Apr 26, 2023
    #2754
  7. BTExpress

    BTExpress Well-Known Member

    I started at about $10/week, but my single paper route grew into a three-rout empire
     
    BTExpress, Apr 27, 2023
    #2755
  8. Azrael

    Azrael Well-Known Member


    Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S.
     
    Azrael, Apr 27, 2023
    #2756
    Neutral Corner likes this.
  9. Twirling Time

    Twirling Time Well-Known Member

    The first-quarter economic numbers should be Goldilocks. The economy grew (at a slower rate) and didn't go negative, and that should ease inflationary pressures — and in turn ease pressure on the Fed to bump interest rates.
     
    Twirling Time, Apr 27, 2023
    #2757
  10. The Big Ragu

    The Big Ragu Moderator Staff Member

    Macroeconomics would have taught us that. ... prior to the stagflation of the 1970s, at least, when they realized that the Phillips Curve is not inviolate due to the era of runaway fiat money that was ushered in.

    Putting aside how inexact their measurement of the economy is (and the GDP number will get revised several times, likely downward to show that the economy has been contracting). ... the report showed that the PCE price index (the Fed's preferred "inflation" measure) INCREASED i.e. we are now seeing slow growth AND high inflation. ... or stagflation.
     
    Last edited: Apr 27, 2023
    The Big Ragu, Apr 27, 2023
    #2758
  11. wicked

    wicked Well-Known Member

    The ladyfriend stockpiled BBB coupons. Apparently they never expired, despite the printed expiration date. (No wonder why they’re shutting down.) She took a wad of them to BBB the other day and says some no-longer-gives-a-shit employee kept compounding coupon on coupon on coupon. She was proud of herself.
     
    wicked, Apr 27, 2023
    #2759
    2muchcoffeeman and garrow like this.
  12. The Big Ragu

    The Big Ragu Moderator Staff Member

    A story expounding a bit on what I was talking about.

    The latest GDP numbers have economists fearing more than just a recession: ‘The U.S. might well be facing stagflation’
     
    The Big Ragu, Apr 28, 2023
    #2760
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