Commodity shortages

#451
#451
AM64 said:
Imagine, these might be the "good ole days".
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I have a sneaky suspicion you might be right. What I thought was a great pension with no COLA might be worthless in 10 years. Not to mention, the SSI COLA will probably be 1/2 of what it should be and the Medicare increase will be twice the SS COLA. Lose-Lose situation.
 
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#453
#453
AM64 said:
Isn't fashion wonderful! I've always seen it as a means to instant obsolescence to keep selling stuff that didn't need replacing. I always made it a point to buy non trendy suits and coats in traditional colors and wear them regardless of what some clown decides the lapels should be in any given year. I'd love it if the fashion industry crashes and burns, and society evolves to reason, but I don't expect it. The current trend in mens clothing toward stuff that appears designed for someone several sizes smaller and half the diameter is baffling - looks like hand me ups from little brother.
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Here’s a tip guys. That box of clothes your lady won’t get rid of, it’s because she’s just waiting for it to come back into style, which it always does. Congratulate her on saving money by not having to buy new items. 😉😁
 
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#454
#454
n_huffhines said:
Carter had little to do with his economy and a lot to do with the boom in the 80's. He's unfairly maligned. I have no hope for Biden to be the great deregulator that Carter was, but he will probably be unfairly maligned for this shaky economy. Trump intervenes in the market and disrupts supply chains with tariffs in his failed trade wars and then we have a pandemic, and here we are now with supply chain problems. This isn't on Biden.
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Highlighted is the key point in your post; the supply chain issues today are primarily due to global, pandemic shutdown. There was little disruption in the supply chain before pandemic that wasn't being offset, even if at higher distributor and consumer prices, and economic expansion continued. You can say this isn't on Biden by blaming Trump; how ridiculous.

Here's the blame: the political left who insisted that we keep the world closed even after we had a better understanding of the virus. Domestically - yep! - the left again as they STILL insist on choking off commerce, education of our youth, free association in a "if it just saves lives" justification of smiley-faced fascism. Now, you can't blame a 100-year pandemic on Joe - or Trump - but one can readily observe that's Biden's anti-capitalist moves further mire us. But then, he promised us this bounty of deprivation when stating he'd be "the most progressive president ever!" It's what Rand themed a book for, 'The Return of The Primitive', the anti-industrial age, anti-capitalist Marxofascists. They can't be this stupid economically; it is purposeful, and it is just the tip of the spear.

Consider what both the tariff war and pandemic exposed, a sizeable economic interdependence upon a totalitarian regime with designs on global hegemon. Western capital - not Mao's Marxofascism - has lifted China economically to consider this practical. I think that of more importance than cheap goods and temporary supply issues and prices. Trump would have better served this goal by simply stating consumers will see higher prices, but that we must diversify our economic balance sheet.

Three decades of libertarian economic thought applied to China - that trade makes good friends and will cause China to liberalize - are found wanting. Paradoxically, it was Uncle Milton who told us that while capitalism is a requirement for liberty, it alone is not sufficient for establishment of liberty.

Congrats on your vote for someone other than Trump, and ensuring the person most antithetical to liberty was elected.
 
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#456
#456
NCFisher said:
Three decades of libertarian economic thought applied to China - that trade makes good friends and will cause China to liberalize - are found wanting. Paradoxically, it was Uncle Milton who told us that while capitalism is a requirement for liberty, it alone is not sufficient for establishment of liberty.
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Meh, I would say that America going away from manufacturing and placing our economy in the hands of bankers and lawyers is what has caused us to decline. We are a service economy and a FIRE economy.
 
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#457
#457
Well, we were all warned it would be a dark winter. I’m just not sure anybody took it to actually mean what we see coming at us economically.
 
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#458
#458
Rasputin_Vol said:
Meh, I would say that America going away from manufacturing and placing our economy in the hands bankers and lawyers is what has caused us to decline. we are are service economy and a FIRE economy.
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It was probably a combination of things. When the people wanting to change China pried the doors open some, others controlling our commerce saw how much money they could make using Chinese labor. I still can't believe that there actually were people who saw China as a real market for US goods. Agricultural products and big ticket items like aircraft were never going to balance the trade, but I don't think they cared because they could set prices a bit lower on Chinese goods and make a killing on what they took off the top. And worse those same people couldn't have cared less about the Chinese history of industrial theft, market/currency/labor manipulation, or our own national and strategic needs. It was all about lining their pockets once the doors cracked open, and screw the 99%.
 
#459
#459
Rasputin_Vol said:
Meh, I would say that America going away from manufacturing and placing our economy in the hands of bankers and lawyers is what has caused us to decline. We are a service economy and a FIRE economy.
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What you excerpted from my post refers to what made China an economic and now military power, not a comment on American decline. A. Jackson would surely give you a nod of approval on bankers and lawyers.
 
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#461
#461
AM64 said:
Isn't fashion wonderful! I've always seen it as a means to instant obsolescence to keep selling stuff that didn't need replacing. I always made it a point to buy non trendy suits and coats in traditional colors and wear them regardless of what some clown decides the lapels should be in any given year. I'd love it if the fashion industry crashes and burns, and society evolves to reason, but I don't expect it. The current trend in mens clothing toward stuff that appears designed for someone several sizes smaller and half the diameter is baffling - looks like hand me ups from little brother.
Click to expand...
Skinny jeans for guys is the dumbest thing I’ve ever seen. And I still don’t get tucking the front of your shirt in.
 
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#466
#466
hUTch2002 said:
Skinny jeans for guys is the dumbest thing I’ve ever seen. And I still don’t get tucking the front of your shirt in.
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When done properly it'll provide a deceiving/accentuating bulge........as was told by a friend....
 
#469
#469
Rasputin_Vol said:
Meh, I would say that America going away from manufacturing and placing our economy in the hands of bankers and lawyers is what has caused us to decline. We are a service economy and a FIRE economy.
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Since the early 80s I’ve been saying that a service only economy was unsustainable in the long term. The bill is coming due.
 
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