bintananth
behind a desk
The FED has started raising interest rates. The brakes are being applied.
Business & Finance Economic Fallout: Pandemic, Brandon, Money Printer Go Brr, Ukraine.
- Thread starter Floridaman
- Start date
Which is a fun combination with a Recession...which we're about to enter officially next quarter.
Ah, true...well, at least higher interest rates will be nice for bank accounts, if not home buying or mortgages.
Still, the FED can effectively fucking just print as much money as it wants and fuck with rates to counterbalance, so I'm not upset about the money going to Ukraine.
Though I'll admit part of the reason I don't care about the money is I've gotten to the point I've realized Russia probably won't stop their stupid land grabs until they get a taste of their own medicine, or Putin keels over. So making the Russian's bleed and helping Ukraine do it is fine by me.
Floridaman
Well-known member
until they reverse course to avoid causing a depression during an election year.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
Radical. Make it $ 9999999999999999999999 while they're at it then with the money printer why don't they?
Agent23
Ни шагу назад!
Insufficiently so.They hiked interest rates by the massive 0.5% after interest rates were at their lowest for 5000 years, or was it 300, according to Grant's interest rate advisor.
The mental retards in the ECB are still keeping interest rates negative!
Oh,and the EU is, of course using this as an excuse to print even more money and grab onto even more power by starting to print Eurobonds.
These fucks are even more into the whole never let a good crisis go to waste than Obama was.
Agent23
Ни шагу назад!
http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=1649771031
Gentle reminder, the CPI is the CP Lie.
The USA is currently experiencing double digit inflation if you don't use the bullshit numbers this would be the worst inflation on record.
Gentle reminder, the CPI is the CP Lie.
The USA is currently experiencing double digit inflation if you don't use the bullshit numbers this would be the worst inflation on record.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
Time to abandon ship?
Agent23
Ни шагу назад!
First of all, WION is kinda biased pro-India and not the biggest fans of the USA, in particular they hate it because of the brain drain.
I watch them, but take them with a grain of salt on some issues.
Wanting to enter Europe from Murika isn't really a sign of intelligence, I'd be trying for Switzerland or a low-cost Asian destination.
Also, 300% sounds huge, but that depends how big the base is.
A 300% increase in a group of say a few thousand people is not that massive.
Having said that, the USA is pretty thoroughly fucked up right now, and other countries have improved drastically.
Also, keep in mind that money can be corelated with intelligence more often than not, and smarter people function ahead of the curve.
You might be paid 1/5 of what an equivalent position gets in Murika, but if taxes are lower and a house costs you, oh, say 1/10 of what it does in the USA then it is a no brainer to stay where you are.
Especially now, when most knowledge and tech jobs can be done remotely.
Friend of mine gets 90 Euros an hour working from various international companies out of Hungary, but he gets hit with much higher taxes, and when you factor in living costs I end up getting a bit more net than he does.
Galt's Gulch, The Nation, when?
And promptly crash the economy, since nothing short of 10% will be able to cure the mess they have fomented.
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Hmm, so it seems the baby formula shortage is in part because Abbott, who runs the plant, has been rather lax with safety standards. They also need a bailout via stock buyback, despite the fact Abbott was one of the companies who got all that nice Wu Flu testing kit money.
Actually no, that's false.
The only location where bacteria was found was in a non product area, and the strain was different from the one implicated in the deaths, which appear to have been the result of cross contamination from water bottles.
The only location where bacteria was found was in a non product area, and the strain was different from the one implicated in the deaths, which appear to have been the result of cross contamination from water bottles.
Abbott: Sturgis facility could restart within two weeks
Parents across the U.S. are scrambling to find baby formula because of supply disruptions and a massive safety recall from Abbott Nutrition.
www.freep.com
bintananth
behind a desk
They're also pushing for a (voluntary) short-term corporate hiring freeze to help fight inflation ... which short-staffed employers will gleefully ignore with their ears covered and "La la la, I can't hear you."
Why does the Fed want a hiring freeze in Corporate America? - Business News
This article first appeared in Morning Brief. Get the Morning Brief delivered straight to your inbox every Monday through Friday at 6:30 a.m. ET. to subscribe
biz.crast.net
Agent23
Ни шагу назад!
On the flip side of that, a bunch of high flying tech companies like Facebook are announcing hiring freezes.They're also pushing for a (voluntary) short-term corporate hiring freeze to help fight inflation ... which short-staffed employers will gleefully ignore with their ears covered and "La la la, I can't hear you."
Why does the Fed want a hiring freeze in Corporate America? - Business News
This article first appeared in Morning Brief. Get the Morning Brief delivered straight to your inbox every Monday through Friday at 6:30 a.m. ET. to subscribe
Floridaman
Well-known member
Ohh hey we are now seeing the stupid interventions we saw in the depression that made it last a full decade, great..... last time our idiot leader was physically crippled, now he is mentally crippled.They're also pushing for a (voluntary) short-term corporate hiring freeze to help fight inflation ... which short-staffed employers will gleefully ignore with their ears covered and "La la la, I can't hear you."
Why does the Fed want a hiring freeze in Corporate America? - Business News
This article first appeared in Morning Brief. Get the Morning Brief delivered straight to your inbox every Monday through Friday at 6:30 a.m. ET. to subscribe
bintananth
behind a desk
Short version: The unemployment rate (3.6%) is too low at the moment. This is forcing employers to pay people more and raise prices to cover the increased labor costs.
Floridaman
Well-known member
Oh dont worry the high inflation will fix low unemployment
No, those alternate numbers just aren't correct. 9% inflation (an approximate eyeball'd average of the blue line during the period) from about 2000 to 2020 would mean prices would need to have multiplied by 5 (actually about 5.6 times, but the 9% is very approximate), and they just didn't. Just look at random stuff around your house (if you are in the US), and ask how much did they cost as a kid vs. how much do they cost 2 years ago?http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=1649771031
Gentle reminder, the CPI is the CP Lie.
The USA is currently experiencing double digit inflation if you don't use the bullshit numbers this would be the worst inflation on record.
Lumber went from about $300 to about $370 from Jan 2000 to Jan 2020.
Milk I can't go back all the way, but it's about flat to a slight increase, with a bunch of bouncing around.
Note also that this chart let's the Biden admin off the hook, as it makes it seem that it's always been crazy. It hasn't been though.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
Diesel shortage fears grow for the east coast, Love's 'monitoring' situation
A recent message sent from Love's Travel Stops warned that drivers may see temporary diesel fuel shortages in several east coast states.
cdllife.com