Carter’s problem were all the other clowns he surrounded himself withThe question was do you think Volcker gets all of the credit for the economy turning around?
You can say Carter doesn't get credit for appointing him, but 95% of the people on this board would be singing Reagan's praises if he were the one who appointed him.
Watch for emergency approval of driverless trucks....The same pains we had this time last year will have to be unwound. Toilet paper was short because so much was manufactured for commercial use. That will have to reverse. Food that has been reworked for the domestic pipeline must be reworked for restaurants and other venues. All these little quirks are laid bare in a JIT system. I don't see us really moving away from that. I think our biggest problem is going to be finding the truckers to haul all this stuff. Our production capabilities are fine, our abilities to get that product from A to B are in trouble. With the semiconductor shortage the vehicle situation isn't going to get any better.
Carter’s problem were all the other clowns he surrounded himself with
Sounds very similar to the reason FedEx gave me today for not being able to explain why only 3 out of 4 packages that were sent together to France made it to the customer and the 4th which was the master might take another week even though they all supposedly cleared customs last Saturday. “We can’t initiate an investigation on that right now because of system wide issues. Try calling back in a couple hours.”We were at sonic today and their digital screen says “you may not be able to order some items because of a nation wide supply issue” .
Carter had a lot to do with the economy of the 80’s???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.
Sounds very similar to the reason FedEx gave me today for not being able to explain why only 3 out of 4 packages that were sent together to France made it to the customer and the 4th which was the master might take another week even though they all supposedly cleared customs last Saturday. “We can’t initiate an investigation on that right now because of system wide issues. Try calling back in a couple hours.”
I sent them a copy of the FedEx tracking readout today. Fingers crossed FedEx hasn’t lost or destroyed that little drum. But I don’t think the customer will blame me and i expect we can still get them on board.
Trust me as someone who’s restaurants (Dairy Queen) sale a ton of chicken strips, there absolutely have been and still are supply issues. In fact IDQ, corporate Dairy Queen, put a cap on how much chicken each store is allowed to order for every supply truck. They also ended the chicken and biscuits basket promotion weeks early because of the shortage.No there isn’t supply problems with meat and chicken. You can believe what you want though.
I said it when he was "elected", he will be the reincarnation of Jimmy Carter as President. The difference is that Carter was basically a good man who was a terrible president. Biden is a waste of human skin who will be a terrible president. The cloud that covered this nation under Carter is reforming and I doubt there is a Reagan in the wings to lead us out of the malaise.One has to wonder if this trend continues if Biden/Harris will become Jimmy Carter 2.0., especially if the GOP has someone like DeSantis running.
The rest of the world (particularly Europe and Japan) is even further up s**t creek. You have to look at these things on a relative basis, not an absolute one.There is a big difference between our economic woes today versus then. In the 70s interest rate hikes were still a viable tool. Today due to our enormous debt load any substantial increase in interest rates would be catastrophic.
How do the economic situations of the EU or Japan have bearing on our inability to even begin to service the interest on our debt load with near zero interest rates?The rest of the world (particularly Europe and Japan) is even further up s**t creek. You have to look at these things on a relative basis, not an absolute one.