President Joe Biden - Kamala Harris Administration

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#27,252
NorthDallas40 said:
So the topic of money is separate from debt. In the transaction I outlined “money” was never involved but the result was increased sovereign indebtedness. The actual money supply is managed separately from our sovereign debt and is much lower for the amount in circulation than our $30T in debt.

I understand what you are saying and thanks for the link. I just used your setup to hop on a soap box 😬
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Got you ND40, I just find it very interesting how the money is created to loan in the banking system after the federal reserve has issued it.
 
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#27,259
#27,259
NorthDallas40 said:
How does Amazon have an earnings miss right now?! HOW?!
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From a consumer standpoint, I can tell you why. I've been a Prime member for nearly 20 years and their prices became uncompetitive and their 2 day shipping became 5 days, so I quit buying their crap. I found that Walmart+ was much easier, cheaper and faster delivery so I, like a lot of people shopped price and told Amazon to F off.
 
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#27,260
VolStrom said:
From a consumer standpoint, I can tell you why. I've been a Prime member for nearly 20 years and their prices became uncompetitive and their 2 day shipping became 5 days, so I quit buying their crap. I found that Walmart+ was much easier, cheaper and faster delivery so I, like a lot of people shopped price and told Amazon to F off.
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Yeah Prime is not the value proposition it used to be for sure. They are indeed screwing that up
 
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#27,262
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#27,264
#27,264
NorthDallas40 said:
As long as employment levels are maintained I think we will have a recession however it shouldn’t be as severe as Carter era since employment income will still be available to fuel our consumerism. And with boomers continuing to leave the work force could mean ample employment opportunities for the rest. The wild card is productivity. As long as company production efficiency is maintained then profits should remain good which will support employment. If profits erode significantly then Katie bar the door I think it all falls apart.

So I think a shallow but perhaps longer than usual decline is likely. If company profits erode due to all the head winds then employment support erodes and it all falls apart.
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Inflation is a major factor in those items...
 
#27,265
#27,265
NorthDallas40 said:
Yep. Things like that are the “wild card” affecting profits I was alluding to. If quarterly profits drop quickly the companies will shed employees. It’s always the goto knee jerk immediate cost cutter. Then we’re screwed as our consumer economy won’t be getting fed
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A consumer economy that doesn't hardly make anything it consumes domestically.
 
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#27,266
McDad said:
Record inflation combined with recession sounds like a lot of fun boys and girls. We're fortunate a career politician with nothing to show for his 50 years is in charge.
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Meh, I'm not sure what Trump would have been able to do... or anyone else. I think we have far too many policymakers that only understand conventional wisdom and do not understand that this time, things are different.
 
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#27,267
Rasputin_Vol said:
A consumer economy that doesn't hardly make anything it consumes domestically.
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Not the point. We aren’t a production economy anymore. We are more services. And those companies still have quarterly profit expectations and if they start missing then the quickest knob to immediately cut costs is shed labor. It always has been and will be on the next down turn also. We are already half way to recession since Thursday.
 
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#27,272
Rasputin_Vol said:
Well, not to defend the forestry service, but I'm sure they are likely to have trouble finding help just like everyone else... especially doing work like that. Everyone nowadays want a work from home job or some online business.
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Yes and no. Honestly, the money could be good especially since those in California are making the absurd time and a half and double time rates.

Not helpful when it's already low as it is.
 
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#27,273
volinbham said:
Or when Reagan was Prez?
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A lot of them are dead serious that lame jokes on late night tv that few people watch are an actual threat to our democracy. It’s so easy to make memes about Biden, no one needs help. And I doubt many people that don’t like Biden are watching Colbert in any capacity.
 
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