Prices.... Going Up!!!
- Thread starter musichal
- Start date
you might treat this as a joke, but it's not.
Who said I am. That is a factual post. We have been buying it for a few yrs and it’s always been at least $4.50ish and slowly creeping up. Now it’s right at $5.
Thanks for the fact check. When I worked in radio, I'd do AP wire rip and reads, as it is known in radio.
At night, the evening news would read verbatim what I had read just that morning.
And that, to me, was disturbing. Also, if the Rothschilds owned Reuters, you wouldn't know unless they wanted you to, right?
Meeting at the docks at midnight, everyone!!!
Only teasing, ya'll. But I think we can all agree that most news is slanted, sculpted, sensationalized, gussied up, and packaged for your approval. Or disapproval, if that is your thing.
It certainly isn't what it was intended to be, at least not any longer. Too much wealth at stake.
At the end of the day, doesn't much matter to me which particular wealthy family tells me what is what, I'm likely not going to listen.
A bit understated, IMO. But yea.
Mystic
We're all born mad
Rothschilds own lotsa stuff, but Reuters ain' one of 'em. Now, Little Manu? That's another thing.
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Mystic
We're all born mad
Feds work those consumption cost data hard just to get this index to (just) 7%.
I read (somewhere) that the metric used today is different from that used in the '80's. And, if the '80's metric was still used, inflation would be closer to 15%.
Lies, damn lies and statistics.
Mystic
We're all born mad
I read (somewhere) that the metric used today is different from that used in the '80's. And, if the '80's metric was still used, inflation would be closer to 15%.
Lies, damn lies and statistics.
There are (seemingly) myriad recipes for cooking up consumer and producer price indices, each obscuring another (if not others). Economics magic.
grillebilly
Empty Head
When I was little there were a lot more places to invest savings. Nowadays it's pretty much just the stock market.
The wealthiest 10% of Americans have 89% of the money in the stock market. I don't think it's conspiratorial to question if the deck is rigged against the 90%.
The wealthiest 10% of Americans have 89% of the money in the stock market. I don't think it's conspiratorial to question if the deck is rigged against the 90%.
felix_katze
Well-Known Member
Unemployed - out of work but looking for a job
Out of work - out of work and not looking for a job
The distinction in normal conversation may seem non-existent, but for stats and policy formulation, the definition needs to be more precise. The reason is that Out of Work is usually a deliberate choice, such as a mother staying home to look after a baby, someone of working age 'retiring' early, students, carers, etc, the key point is they are not seeking work on purpose. The two groups need to be understood with more precision, as policies and incentives to get Out of work people to participate in the workforce will by necessity be very different than those aimed at increasing employment of unemployed.
Tackling unemployment is usually done by incentives aimed at corporate entities, but incentivising participation by out of work individuals more than likely requires individual tax incentives, or other support measures.
But treating them as if they are both the same bucket with the same make up can only lead to poor policy, and poor outcomes.
Out of work - out of work and not looking for a job
The distinction in normal conversation may seem non-existent, but for stats and policy formulation, the definition needs to be more precise. The reason is that Out of Work is usually a deliberate choice, such as a mother staying home to look after a baby, someone of working age 'retiring' early, students, carers, etc, the key point is they are not seeking work on purpose. The two groups need to be understood with more precision, as policies and incentives to get Out of work people to participate in the workforce will by necessity be very different than those aimed at increasing employment of unemployed.
Tackling unemployment is usually done by incentives aimed at corporate entities, but incentivising participation by out of work individuals more than likely requires individual tax incentives, or other support measures.
But treating them as if they are both the same bucket with the same make up can only lead to poor policy, and poor outcomes.
back in the day, when there was a majority of americans with a work ethic, not working meant you didn't have to work and any income associated with you was that persons's responsibility. You didn't drive around and see help wanted signs consistently for months on end..
Now a person can receive enough "money " from "taxed" sources to avoid work altogether. Hence the proliferation of help wanted signs, which in my 68+ years of living I have never ever seen to this degree...
Now a person can receive enough "money " from "taxed" sources to avoid work altogether. Hence the proliferation of help wanted signs, which in my 68+ years of living I have never ever seen to this degree...
What's 29T between friends 
This new "up-up and away" is not as happy as the "up-up and away" from days gone past:
This new "up-up and away" is not as happy as the "up-up and away" from days gone past:
Maybe only in theory nowadays? The massive, unprecedented and astronomical amounts of newly minted money since 2008 and especially sine 2020 seems to be yawned at by "experts".
As an advocate for sound money (hard currency) and a believer in Friedman's idea of inflation (a monetary event everywhere and always) I am just waiting for this house of cards to fall. IMO if inflation really exposed how much money has been added (US hides M3 which used to tell us) we would have 1980 style interest rates soon. Instead the world "braces" for 2.5% rates like it is a disaster. Savers have been destroyed and prudent investing has been badly outperformed by risk.
Mystic,
Since 2010 the FED has been saying QT is coming all while expanding their balance sheet endlessly. Before 1/2020 when Covid hit they were already back in expansion mode in a big way as overnight lending went haywire, again. They will likely never sell anything and may simply slow the rollovers on maturing debt, most of which is years away.
FED balance sheet below $6T not again. FFR above 4% not again. QE and ZIRP is here to stay until the whole thing caves in on itself. Next year, next decade, mid century? No idea. But history is clear this will happen.
Nonsense. Taxes have not been used to cover handouts, bond sales have. Tax revenues are well under needs for the US spending. Debt used to acquire other's debt and more debt used to pay off old debt. Ponzi if ever there was one.
