Election Night (or days, or weeks, or whatever) 2022

[Orangeburst]

Im sure this is a hot take, but the national debt is kinda overblown. What country is actually going to call us on it? Every country owes another country money nobody is going to call another country without their own debts being called.

I see it..what is the Hole Card by our adversaries? Some commitment to a strategic nation like Taiwan? Oil trade in dollars by OPEC? The list is endless.

 

[McDad]

I respectfully disagree in many areas. Housing, for example. With the current rate hikes and grossly inflated market, a starter home in west Knoxville will run around $40,000/yr on a 30 year note. That's not sustainable. A realtor today just told me that houses are already staying on the market and prices are falling.

Gas has dropped over a dollar from peak, and beef seems to have come down some, presumedly due to decreased demand. I also saw the best prices on used cars today that I have seen in awhile. People are feeling the crunch and having to pinch their pennies.

I understand your disagreement.

There will be cycles up and down in all economic sectors. But the trend is going up and it will continue to do so. Especially when government money continues to be printed.

You will be starting receptionists in the $25 per hour range soon (a few years).

 

[Orangeburst]

There will be a some increases in productivity.

Mostly without any human labor..which is even further worrisome for the amount of Gov one has to endure.

 

[Orangeburst]

I understand your disagreement.

There will be cycles up and down in all economic sectors. But the trend is going up and it will continue to do so. Especially when government money continues to be printed.

You will be starting receptionists in the $25 per hour range soon (a few years).

Can I be your receptionist? I shave my legs

 

[mr.checkerboards]

Unfortunately, she’s probably going to pull it out.

Its not unfortunate. The less Biden can mess up the better.

 

[McDad]

Ehh, IDK about that. Early to mid-2000's gas prices were crazy, and then they came back down. I'm not banking on prices going back to where they were, but it's hard to believe an 18-pack of eggs is going to stay $7.50.

All sectors will cycle up and down.

We are never going back to a pre 2020 wages/prices scale.

In your 80s you will be talking about how cheap things are today compared

 

[kiddiedoc]

You will be starting receptionists in the $25 per hour range soon (a few years).

Do you mind calling Blue Cross and United to let them know they better start bumping up reimbursement in a big way?

 

[mr.checkerboards]

I see it..what is the Hole Card by our adversaries? Some commitment to a strategic nation like Taiwan? Oil trade in dollars by OPEC? The list is endless.

There are a lot of things we can produce here but choose not to. Bring back oil, American manufacturing, tech development. We dont actually need these things in other countries, corporate America just shipped stuff over there because they could pay less and sell for more and increase their profit.

 

[Orangeburst]

All sectors will cycle up and down.

We are never going back to a pre 2020 wages/prices scale.

In your 80s you will be talking about how cheap things are today compared

Actually with inflation..most everybody took a pay cut this year.

 

[NorthDallas40]

I understand your disagreement.

There will be cycles up and down in all economic sectors. But the trend is going up and it will continue to do so. Especially when government money continues to be printed.

You will be starting receptionists in the $25 per hour range soon (a few years).

Yep. We live in volatile times right now. In the short term, arbitrarily say a 5 year window, you can see big increases and decreases due to volatility. But the longer trend line will show an increase. According to the Fed that trend line needs to be 0-2%. Because when you see a decreasing trend then that’s called deflation. And sustained deflation is even worse that what we have now.

 

[n_huffhines]

All sectors will cycle up and down.

We are never going back to a pre 2020 wages/prices scale.

In your 80s you will be talking about how cheap things are today compared

I get what you're saying about inflationary pricing over time, but that's not what I'm talking about. You said no significant drop from here. The inflation we have seen isn't solely because of currency and banking. Some of our issues have to do with energy and supply chain disruption. Solving those elements would give us a significant drop.

And you got me all wrong. I'm the guy who talks about how expensive **** used to be. My family's first crappy TV cost thousands in today's dollars. I can get a TV beyond my wildest boyhood dreams for less than a G, now.

 

[McDad]

Do you mind calling Blue Cross and United to let them know they better start bumping up reimbursement in a big way?

They will. McRib's hospital is getting squeezed between escalating prices and runaway wages for nurses.
In fact, I think it is around this time of year when UCR is decided. It'll take until '24 for it all to even out.

 

[McDad]

I get what you're saying about inflationary pricing over time, but that's not what I'm talking about. You said no significant drop from here. The inflation we have seen isn't solely because of currency and banking. Some of our issues have to do with energy and supply chain disruption. Solving those elements would give us a significant drop.

And you got me all wrong. I'm the guy who talks about how expensive **** used to be. My family's first crappy TV cost thousands in today's dollars. I can get a TV beyond my wildest boyhood dreams for less than a G, now.

Supply chain improvements will help. Better government policy will, too.

But there is also an employee shortage. The largest expense is payroll.

We lurched up recently. Some pullback may happen. But im dead serious, the wages will continue to escalate and so will prices (just not as abruptly).

 

[McDad]

Actually with inflation..most everybody took a pay cut this year.

True. That's purchasing power. Not wages.

 

[McDad]

There are a lot of things we can produce here but choose not to. Bring back oil, American manufacturing, tech development. We dont actually need these things in other countries, corporate America just shipped stuff over there because they could pay less and sell for more and increase their profit.

Bringing it all back here will add even more to your consumer costs.

 

[McDad]

Yep. We live in volatile times right now. In the short term, arbitrarily say a 5 year window, you can see big increases and decreases due to volatility. But the longer trend line will show an increase. According to the Fed that trend line needs to be 0-2%. Because when you see a decreasing trend then that’s called deflation. And sustained deflation is even worse that what we have now.

This is essentially my point. The American economic system is predicated on constant inflation.

 

[McDad]

It's gonna be interesting if AM64 will answer those Qs I asked earlier.

Any other old timers are welcome to as well

 

[Orangeburst]

Supply chain improvements will help. Better government policy will, too.

But there is also an employee shortage. The largest expense is payroll.

We lurched up recently. Some pullback may happen. But im dead serious, the wages will continue to escalate and so will prices (just not as abruptly).

Anecdotally..to suppress wages, you hire less experience and less productivity..It is painful and stresses the tenured. The Boomer gen is retiring at an alarming rate for such.
If I was 20..I would be all over getting my hands dirty and living handsomely with a real skill.

 

[Orangeburst]

True. That's purchasing power. Not wages.

That is all that matters.

 

[Fun coupon VOL]

Unfortunately, she’s probably going to pull it out.

Twhs

 

[McDad]

Anecdotally..to suppress wages, you hire less experience and less productivity..It is painful and stresses the tenured. The Boomer gen is retiring at an alarming rate for such.
If I was 20..I would be all over getting my hands dirty and living handsomely with a real skill.

Your second sentence is what I was offering Huff.

And in normal times, businesses hire the less capable. We are already below the bottom of the barrel for unskilled labor.

It's exciting because the employers who know how to effectively lead and authentically value employees will have the cream of the crop while others fight for scraps.

 

[MOOOOONEY]

Yet Trump turned out more voters in 2020 than any Republican in history. Square that one.

Apparently he turned out more democrats and independent voters than anyone in history. 81 million.

Trump needs to ride off into the sunset.

 

[McDad]

That is all that matters.

It is. But they are separate things.

I'm talking wages and prices.

 

[tvolsfan]

Still not sure the democrats are safe in Arizona. Not sure why betting markets favor democrats in Nevada.

 

[Fun coupon VOL]

Still not sure the democrats are safe in Arizona. Not sure why betting markets favor democrats in Nevada.

They are not imo.