Network Down?
06-21-2021 | 04:03 PM
#61
Gets Weekends Off
Joined: Dec 2020
Posts: 128
Likes: 0
I got mine through hard work like anybody else can. Like the FA that says “I could have had you job IF I finished flying”. Always some reason they didn’t though. Life is choices. So spare me almighty . I know plenty about macro and micro economics. Some of you righteous self appointed geniuses are hilarious!
06-21-2021 | 04:40 PM
#62
Line Holder
Joined: Oct 2019
Posts: 282
Likes: 1
I got mine SCREW you all!! Yeah yeah yeah, heard it before and it’s a bad argument.
You missed the entire point by the way. The extra money is not just to help those people that need but to help jump start the US economy. We are a society of consumerism. You stop the spending you stop the machine and the evil devil we all try to avoid is deflation, and nothing starts deflation than a stop in spending. You give people money and it keeps the patient on life support. The micro and macro view is quite divergent but that is the case in a lot of economic viewpoints. Transitory inflation is what we have now. Look at lumber futures today? Absolutely TANKING…a few more days and it will be back to what it was before the pandemic started. Semi conductors have a multitude of reasons why they spiking in price but a pandemic, drought in Taiwan, shifting of the supply chain and backlog of ships in China loading and unloading in the US all are causing temporary price spikes. Those issues will also be fixed soon. So if the price to pay to keep the patient alive while the risk averse private sectors come back alive, so be it, it’s for the betterment of the national economy.
What I’m saying is and I will call you out specifically, you have absolutely no idea what you are talking about. I heard the same argument during the Great Recession, thus why we screwed the pooch and didn’t pump enough money into the economy, guess what? People still worked and inflation was tame if existent at all. MMT may provide some insight into the reasons why but I’m not totally convinced on that one yet but I am in tune with lots of online economic debates about it.
You missed the entire point by the way. The extra money is not just to help those people that need but to help jump start the US economy. We are a society of consumerism. You stop the spending you stop the machine and the evil devil we all try to avoid is deflation, and nothing starts deflation than a stop in spending. You give people money and it keeps the patient on life support. The micro and macro view is quite divergent but that is the case in a lot of economic viewpoints. Transitory inflation is what we have now. Look at lumber futures today? Absolutely TANKING…a few more days and it will be back to what it was before the pandemic started. Semi conductors have a multitude of reasons why they spiking in price but a pandemic, drought in Taiwan, shifting of the supply chain and backlog of ships in China loading and unloading in the US all are causing temporary price spikes. Those issues will also be fixed soon. So if the price to pay to keep the patient alive while the risk averse private sectors come back alive, so be it, it’s for the betterment of the national economy.
What I’m saying is and I will call you out specifically, you have absolutely no idea what you are talking about. I heard the same argument during the Great Recession, thus why we screwed the pooch and didn’t pump enough money into the economy, guess what? People still worked and inflation was tame if existent at all. MMT may provide some insight into the reasons why but I’m not totally convinced on that one yet but I am in tune with lots of online economic debates about it.
06-21-2021 | 05:42 PM
#63
Gets Weekends Off
Joined: Dec 2020
Posts: 128
Likes: 0
Your wrong about transitionary inflation. Have you even read what the regional FED presidents have been saying ? Specifically two of them who said it’s not transitionary. These are the people that vote and Jerome follows suit as the fed president. You might want to look how the fed runs on policy. Actually more FED regional presidents have been flipping their stance in the past 14 days then previous thought. Also not to mention ever large CEO bank president in the USA. But I am sure you know more then the regional Fed presidents that help set policy as well as large banks on Wall Street.
Ah someone who has only read the headlines and not actually looked at the actual statements done on the June 16 meeting.
In its updated forecasts, the Fed acknowledged it had missed on inflation expectations, upgrading its preferred core inflation forecast for 2021 from 2.2% all the way up to 3.0%. That’s a large jump, but that’s based on what’s behind us. The forecast for the same index in 2022 and 2023 scarcely moved, at 2.1% for both years.
Fed out of Atlanta has a measure called sticky core inflation. It’s less transitory. Sitting at 2.6 percent. Not low but certainly not a worry……yet.
Lumber….down. Copper….down. Gold…down…10 year Treasury yields….down. All signs inflation will not be an issue. Now I will say it will be till 2022 mid year before we see the transitory inflation wear off on certain items.
Inflation is a tricky beast but until we see sustained wage growth, the largest influencer in sustained CPI growth the economic models indicate inflation is not a problem. There are no absolutes in economic forecasting but I bet the farm on inflation not being an issue, I’m worried about a stalled recovery and deflation showing up. Then we are all fooked.
Oh the bank CEOs?? It was three of them that recently spoke about it. The clearly admitted during the meeting their staff economists disagreed that them about inflation. So even in a powerful organization like Wells Fargo the experts are disagreeing with the CEO.
06-21-2021 | 06:34 PM
#64
Line Holder
Joined: Mar 2015
Posts: 1,549
Likes: 62
First of all, this is a thread about the network being down.... stop derailing it or the mods will lock it.
Second, everyone knows lumber prices have been up, up, up the last few months and year.... so no one believes your bs when you get something so basic so wrong.
Second, everyone knows lumber prices have been up, up, up the last few months and year.... so no one believes your bs when you get something so basic so wrong.
06-21-2021 | 09:26 PM
#67
Gets Weekends Off
Joined: Feb 2018
Posts: 1,264
Likes: 0
Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers
Lumber Price Chart
06-22-2021 | 02:45 AM
#68
Line Holder
Joined: Mar 2015
Posts: 1,549
Likes: 62
Don’t know if you’re joking, but in case you’re not:
Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers
Lumber Price Chart
Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers
Lumber Price Chart
Also, lumber prices for the previous 5 years showing the huge spike up:
Last edited by Profane Kahuna; 01-28-2022 at 03:54 PM.
06-22-2021 | 03:16 AM
#69
Line Holder
Joined: Jan 2016
Posts: 1,568
Likes: 128
From: Left
A two income household can rake in up to $60k in the enhanced unemployment. That’s almost 50% more than the median household income in the county where I live.
Believe me, the folks in my area aren’t using it to better themselves or save for a rainy day, they’re blowing on needless junk at our expense.
Believe me, the folks in my area aren’t using it to better themselves or save for a rainy day, they’re blowing on needless junk at our expense.
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