Quote: @BigAl99 said:
@ badgervike said:
@ BigAl99 said:
my expectations are we will see some short term inflation as all the stimulus money cycles into pockets of the “wealthy”. To soon to look at tips or cdos, but eyes are open, opportunities may be there.
At this point, I think Inflation is inevitable given the policy decisions of the current Administration. Just like in the 70's, Energy dependence created by well intentioned policy decisions hostile to fossil fuels will make us once again dependent on others and give some bite back to OPEC et al. Gas prices have doubled in many places. Wait until those oil producers start reducing their supply. Petroleum permeates virtually every other segment of the consumer marketplace whether it be in packaging, materials, cost of transportation...and disproportionately affects the middle class on down. This by itself will be inflationary and I don't see ANY indication this Admin will change their course. The second contributor to almost certain Inflation is our continuing debt as a Country and insatiable appetite for spending...particularly for Team Blue. As I said above, the Federal Budget is typically around $3.8T annually. The Democrats started the "Infrastructure" bill at $4T...more than the entire Annual budget...for a single bill. This is in addition to the$1.9T in Emergency Relief already authorized. And still, the primary agenda items for the Dems...are more spending bills. The good news is that Manchin doesn't appear to be playing along so even using Reconciliation will work. I frankly wouldn't be surprised to see Manchin officially jump parties given the radical wing of the Democratic party has taken over. Trump garnished 70% of the vote in West Virginia.
So...unless you can tell me that we'll change course on energy policy or get serious about the Country's debt....than our inflationary fate is already sealed
![[Image: E0gkdddXIAE6nV5.jpg]](https://www.newsnationnow.com/wp-content/uploads/sites/108/2021/05/E0gkdddXIAE6nV5.jpg)
Thats a nice opinion, how soon are you going to leverage your equities and move into commodities , or you just talking?
Holy $hit man. Take off the blue goggles. He didnt say anything that shouldnt be fairly obvious.
Trump’s mouth was his downfall. Biden’s is going to be the economy. You can’t keep this beast rolling like they are trying.
Oil will be $85ish by the end of the year. Lumber isnt going to fall anytime soon. Anything made of metal is insane right now. You cant keep doing what we’re doing and have it work for long.
Quote: @AGRforever said:
@ BigAl99 said:
@ badgervike said:
@ BigAl99 said:
my expectations are we will see some short term inflation as all the stimulus money cycles into pockets of the “wealthy”. To soon to look at tips or cdos, but eyes are open, opportunities may be there.
At this point, I think Inflation is inevitable given the policy decisions of the current Administration. Just like in the 70's, Energy dependence created by well intentioned policy decisions hostile to fossil fuels will make us once again dependent on others and give some bite back to OPEC et al. Gas prices have doubled in many places. Wait until those oil producers start reducing their supply. Petroleum permeates virtually every other segment of the consumer marketplace whether it be in packaging, materials, cost of transportation...and disproportionately affects the middle class on down. This by itself will be inflationary and I don't see ANY indication this Admin will change their course. The second contributor to almost certain Inflation is our continuing debt as a Country and insatiable appetite for spending...particularly for Team Blue. As I said above, the Federal Budget is typically around $3.8T annually. The Democrats started the "Infrastructure" bill at $4T...more than the entire Annual budget...for a single bill. This is in addition to the$1.9T in Emergency Relief already authorized. And still, the primary agenda items for the Dems...are more spending bills. The good news is that Manchin doesn't appear to be playing along so even using Reconciliation will work. I frankly wouldn't be surprised to see Manchin officially jump parties given the radical wing of the Democratic party has taken over. Trump garnished 70% of the vote in West Virginia.
So...unless you can tell me that we'll change course on energy policy or get serious about the Country's debt....than our inflationary fate is already sealed
Thats a nice opinion, how soon are you going to leverage your equities and move into commodities , or you just talking?
Holy $hit man. Take off the blue goggles. He didnt say anything that shouldnt be fairly obvious.
Trump’s mouth was his downfall. Biden’s is going to be the economy. You can’t keep this beast rolling like they are trying.
Oil will be $85ish by the end of the year. Lumber isnt going to fall anytime soon. Anything made of metal is insane right now. You cant keep doing what we’re doing and have it work for long.
guess the lumber thing is kind of working it self out, hoarders/speculators are really taking groin shots. suspect once supply chains are delivering back on schedule, unless cold weather, cyber attacks and bad weather around the Suez canal don’t happen again we should be good with oil, ain’t it funny how none of those things had anything to do with fiscal policy?
Update: read this in my morning browsehttps://www.msn.com/en-us/money/markets/what-lumber-and-gold-prices-tell-us-about-the-stock-markets-next-move/ar-AAL6pxz?li=BBnbfcL
Quote: @savannahskol said:
The real earnings of American workers fell for the fifth consecutive month in May as inflation erased all of the month’s wage gains and more.
Real average hourly earnings for working Americans fell 0.1 percent in May compared with April, data from the Bureau of Labor Statistics released Thursday show.
Real Earnings Summary (bls.gov)
Real average hourly earnings for all employees decreased 0.2 percent from April to May, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.5
percent in average hourly earnings combined with an increase of 0.6 percent in the Consumer Price
Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.1 percent over the month due to the change in real average
hourly earnings combined with no change in the average workweek.
Real average hourly earnings decreased 2.8 percent, seasonally adjusted, from May 2020 to May 2021.
The change in real average hourly earnings combined with an increase of 0.6 percent in the average
workweek resulted in a 2.2-percent decrease in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees decreased 0.2 percent from
April to May, seasonally adjusted. This result stems from a 0.5-percent increase in average hourly
earnings combined with an increase of 0.7 percent in the Consumer Price Index for Urban Wage Earners
and Clerical Workers (CPI-W).
Real average weekly earnings decreased 0.4 percent over the month due to the change in real average
hourly earnings combined with a decrease of 0.3 percent in average weekly hours.
From May 2020 to May 2021, real average hourly earnings decreased 3.0 percent, seasonally adjusted.
The change in real average hourly earnings combined with a 0.6-percent increase in the average
workweek resulted in a 2.5-percent decrease in real average weekly earnings over this period.
Real earnings of American workers fell for the sixth consecutive month. Link
Real Earnings Summary Transmission of material in this release is embargoed until USDL-21-1314
8:30 a.m. (ET), Tuesday, July 13, 2021
Technical Information: (202) 691-6555 * [email protected] * www.bls.gov/ces
Media Contact: (202) 691-5902 * [email protected]
REAL EARNINGS * JUNE 2021
All employees
Real average hourly earnings for all employees decreased 0.5 percent from May to June, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3
percent in average hourly earnings combined with an increase of 0.9 percent in the Consumer Price
Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.9 percent over the month due to the change in real average
hourly earnings combined with a decrease of 0.3 percent in the average workweek.
Real average hourly earnings decreased 1.7 percent, seasonally adjusted, from June 2020 to June 2021.
The change in real average hourly earnings combined with an increase of 0.3 percent in the average
workweek resulted in a 1.4-percent decrease in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees decreased 0.6 percent from
May to June, seasonally adjusted. This result stems from a 0.4-percent increase in average hourly
earnings combined with an increase of 1.0 percent in the Consumer Price Index for Urban Wage Earners
and Clerical Workers (CPI-W).
Real average weekly earnings decreased 1.2 percent over the month due to the change in real average
hourly earnings combined with a decrease of 0.6 percent in average weekly hours.
From June 2020 to June 2021, real average hourly earnings decreased 2.2 percent, seasonally adjusted.
The change in real average hourly earnings combined with a 0.6-percent increase in the average
workweek resulted in a 1.6-percent decrease in real average weekly earnings over this period.
_____________
Real Earnings for July 2021 is scheduled to be released on August 11, 2021 at 8:30 a.m. (ET).
Quote: @BigAl99 said:
@ AGRforever said:
@ BigAl99 said:
@ badgervike said:
@ BigAl99 said:
my expectations are we will see some short term inflation as all the stimulus money cycles into pockets of the “wealthy”. To soon to look at tips or cdos, but eyes are open, opportunities may be there.
At this point, I think Inflation is inevitable given the policy decisions of the current Administration. Just like in the 70's, Energy dependence created by well intentioned policy decisions hostile to fossil fuels will make us once again dependent on others and give some bite back to OPEC et al. Gas prices have doubled in many places. Wait until those oil producers start reducing their supply. Petroleum permeates virtually every other segment of the consumer marketplace whether it be in packaging, materials, cost of transportation...and disproportionately affects the middle class on down. This by itself will be inflationary and I don't see ANY indication this Admin will change their course. The second contributor to almost certain Inflation is our continuing debt as a Country and insatiable appetite for spending...particularly for Team Blue. As I said above, the Federal Budget is typically around $3.8T annually. The Democrats started the "Infrastructure" bill at $4T...more than the entire Annual budget...for a single bill. This is in addition to the$1.9T in Emergency Relief already authorized. And still, the primary agenda items for the Dems...are more spending bills. The good news is that Manchin doesn't appear to be playing along so even using Reconciliation will work. I frankly wouldn't be surprised to see Manchin officially jump parties given the radical wing of the Democratic party has taken over. Trump garnished 70% of the vote in West Virginia.
So...unless you can tell me that we'll change course on energy policy or get serious about the Country's debt....than our inflationary fate is already sealed
Thats a nice opinion, how soon are you going to leverage your equities and move into commodities , or you just talking?
Holy $hit man. Take off the blue goggles. He didnt say anything that shouldnt be fairly obvious.
Trump’s mouth was his downfall. Biden’s is going to be the economy. You can’t keep this beast rolling like they are trying.
Oil will be $85ish by the end of the year. Lumber isnt going to fall anytime soon. Anything made of metal is insane right now. You cant keep doing what we’re doing and have it work for long.
guess the lumber thing is kind of working it self out, hoarders/speculators are really taking groin shots. suspect once supply chains are delivering back on schedule, unless cold weather, cyber attacks and bad weather around the Suez canal don’t happen again we should be good with oil, ain’t it funny how none of those things had anything to do with fiscal policy?
Update: read this in my morning browsehttps://www.msn.com/en-us/money/markets/what-lumber-and-gold-prices-tell-us-about-the-stock-markets-next-move/ar-AAL6pxz?li=BBnbfcL
https://www.foxbusiness.com/economy/lumb...ing-market
Quote: @badgervike said:
@ BigAl99 said:
@ AGRforever said:
@ BigAl99 said:
@ badgervike said:
@ BigAl99 said:
my expectations are we will see some short term inflation as all the stimulus money cycles into pockets of the “wealthy”. To soon to look at tips or cdos, but eyes are open, opportunities may be there.
At this point, I think Inflation is inevitable given the policy decisions of the current Administration. Just like in the 70's, Energy dependence created by well intentioned policy decisions hostile to fossil fuels will make us once again dependent on others and give some bite back to OPEC et al. Gas prices have doubled in many places. Wait until those oil producers start reducing their supply. Petroleum permeates virtually every other segment of the consumer marketplace whether it be in packaging, materials, cost of transportation...and disproportionately affects the middle class on down. This by itself will be inflationary and I don't see ANY indication this Admin will change their course. The second contributor to almost certain Inflation is our continuing debt as a Country and insatiable appetite for spending...particularly for Team Blue. As I said above, the Federal Budget is typically around $3.8T annually. The Democrats started the "Infrastructure" bill at $4T...more than the entire Annual budget...for a single bill. This is in addition to the$1.9T in Emergency Relief already authorized. And still, the primary agenda items for the Dems...are more spending bills. The good news is that Manchin doesn't appear to be playing along so even using Reconciliation will work. I frankly wouldn't be surprised to see Manchin officially jump parties given the radical wing of the Democratic party has taken over. Trump garnished 70% of the vote in West Virginia.
So...unless you can tell me that we'll change course on energy policy or get serious about the Country's debt....than our inflationary fate is already sealed
Thats a nice opinion, how soon are you going to leverage your equities and move into commodities , or you just talking?
Holy $hit man. Take off the blue goggles. He didnt say anything that shouldnt be fairly obvious.
Trump’s mouth was his downfall. Biden’s is going to be the economy. You can’t keep this beast rolling like they are trying.
Oil will be $85ish by the end of the year. Lumber isnt going to fall anytime soon. Anything made of metal is insane right now. You cant keep doing what we’re doing and have it work for long.
guess the lumber thing is kind of working it self out, hoarders/speculators are really taking groin shots. suspect once supply chains are delivering back on schedule, unless cold weather, cyber attacks and bad weather around the Suez canal don’t happen again we should be good with oil, ain’t it funny how none of those things had anything to do with fiscal policy?
Update: read this in my morning browsehttps://www.msn.com/en-us/money/markets/what-lumber-and-gold-prices-tell-us-about-the-stock-markets-next-move/ar-AAL6pxz?li=BBnbfcL
https://www.foxbusiness.com/economy/lumb...ing-market
The article lays it out pretty well, raw lumber prices started rising 2020, and that is costed into current finished board prices, simple concept. Builders don't pay raw lumber prices, and distributers avoid taking losses, going to take a while for the expensive boards to be used, probably going to slow some growth, since it all rolls up to the consumer. Free market cycle, materials=> production => consumption. Trying to frame(pun intended) this as a Biden policy failure is pretty weak, what should have been done, no stimulus, slow consumption? Have some entity buy all the expensive product, give the builders a subsidy, give the consumer a subsidy, cost controls? What did the previous admin do to mitigate the issue, it all started on their watch(per Fox Business)? Either someone made a pantload of money and passed that along to the consumer or something like the last year may have had some disruptive effects on a free market economy, I just don't believe there is some nefarious motivation undermining America at work in the price of lumber.
Quote: @BigAl99 said:
@ badgervike said:
@ BigAl99 said:
@ AGRforever said:
@ BigAl99 said:
@ badgervike said:
@ BigAl99 said:
my expectations are we will see some short term inflation as all the stimulus money cycles into pockets of the “wealthy”. To soon to look at tips or cdos, but eyes are open, opportunities may be there.
At this point, I think Inflation is inevitable given the policy decisions of the current Administration. Just like in the 70's, Energy dependence created by well intentioned policy decisions hostile to fossil fuels will make us once again dependent on others and give some bite back to OPEC et al. Gas prices have doubled in many places. Wait until those oil producers start reducing their supply. Petroleum permeates virtually every other segment of the consumer marketplace whether it be in packaging, materials, cost of transportation...and disproportionately affects the middle class on down. This by itself will be inflationary and I don't see ANY indication this Admin will change their course. The second contributor to almost certain Inflation is our continuing debt as a Country and insatiable appetite for spending...particularly for Team Blue. As I said above, the Federal Budget is typically around $3.8T annually. The Democrats started the "Infrastructure" bill at $4T...more than the entire Annual budget...for a single bill. This is in addition to the$1.9T in Emergency Relief already authorized. And still, the primary agenda items for the Dems...are more spending bills. The good news is that Manchin doesn't appear to be playing along so even using Reconciliation will work. I frankly wouldn't be surprised to see Manchin officially jump parties given the radical wing of the Democratic party has taken over. Trump garnished 70% of the vote in West Virginia.
So...unless you can tell me that we'll change course on energy policy or get serious about the Country's debt....than our inflationary fate is already sealed
Thats a nice opinion, how soon are you going to leverage your equities and move into commodities , or you just talking?
Holy $hit man. Take off the blue goggles. He didnt say anything that shouldnt be fairly obvious.
Trump’s mouth was his downfall. Biden’s is going to be the economy. You can’t keep this beast rolling like they are trying.
Oil will be $85ish by the end of the year. Lumber isnt going to fall anytime soon. Anything made of metal is insane right now. You cant keep doing what we’re doing and have it work for long.
guess the lumber thing is kind of working it self out, hoarders/speculators are really taking groin shots. suspect once supply chains are delivering back on schedule, unless cold weather, cyber attacks and bad weather around the Suez canal don’t happen again we should be good with oil, ain’t it funny how none of those things had anything to do with fiscal policy?
Update: read this in my morning browsehttps://www.msn.com/en-us/money/markets/what-lumber-and-gold-prices-tell-us-about-the-stock-markets-next-move/ar-AAL6pxz?li=BBnbfcL
https://www.foxbusiness.com/economy/lumb...ing-market
I just don't believe there is some nefarious motivation undermining America at work in the price of lumber.
Of course not. Only the political nut jobs believe that shit.
I don't care if you are Right or Left leaning, both sides NEED the economy to be robust for Americans. And its always in the best interests of the global economy to have the USA consuming.
Quote: @StickyBun said:
@ BigAl99 said:
@ badgervike said:
@ BigAl99 said:
@ AGRforever said:
@ BigAl99 said:
@ badgervike said:
@ BigAl99 said:
my expectations are we will see some short term inflation as all the stimulus money cycles into pockets of the “wealthy”. To soon to look at tips or cdos, but eyes are open, opportunities may be there.
At this point, I think Inflation is inevitable given the policy decisions of the current Administration. Just like in the 70's, Energy dependence created by well intentioned policy decisions hostile to fossil fuels will make us once again dependent on others and give some bite back to OPEC et al. Gas prices have doubled in many places. Wait until those oil producers start reducing their supply. Petroleum permeates virtually every other segment of the consumer marketplace whether it be in packaging, materials, cost of transportation...and disproportionately affects the middle class on down. This by itself will be inflationary and I don't see ANY indication this Admin will change their course. The second contributor to almost certain Inflation is our continuing debt as a Country and insatiable appetite for spending...particularly for Team Blue. As I said above, the Federal Budget is typically around $3.8T annually. The Democrats started the "Infrastructure" bill at $4T...more than the entire Annual budget...for a single bill. This is in addition to the$1.9T in Emergency Relief already authorized. And still, the primary agenda items for the Dems...are more spending bills. The good news is that Manchin doesn't appear to be playing along so even using Reconciliation will work. I frankly wouldn't be surprised to see Manchin officially jump parties given the radical wing of the Democratic party has taken over. Trump garnished 70% of the vote in West Virginia.
So...unless you can tell me that we'll change course on energy policy or get serious about the Country's debt....than our inflationary fate is already sealed
Thats a nice opinion, how soon are you going to leverage your equities and move into commodities , or you just talking?
Holy $hit man. Take off the blue goggles. He didnt say anything that shouldnt be fairly obvious.
Trump’s mouth was his downfall. Biden’s is going to be the economy. You can’t keep this beast rolling like they are trying.
Oil will be $85ish by the end of the year. Lumber isnt going to fall anytime soon. Anything made of metal is insane right now. You cant keep doing what we’re doing and have it work for long.
guess the lumber thing is kind of working it self out, hoarders/speculators are really taking groin shots. suspect once supply chains are delivering back on schedule, unless cold weather, cyber attacks and bad weather around the Suez canal don’t happen again we should be good with oil, ain’t it funny how none of those things had anything to do with fiscal policy?
Update: read this in my morning browsehttps://www.msn.com/en-us/money/markets/what-lumber-and-gold-prices-tell-us-about-the-stock-markets-next-move/ar-AAL6pxz?li=BBnbfcL
https://www.foxbusiness.com/economy/lumb...ing-market
I just don't believe there is some nefarious motivation undermining America at work in the price of lumber.
Of course not. Only the political nut jobs believe that shit.
I don't care if you are Right or Left leaning, both sides NEED the economy to be robust for Americans. And its always in the best interests of the global economy to have the USA consuming.
Economics is a social science, society interacting and dealing with scarcity. When you inject a polar binary cultural response to everything, if he's for it, I am against it, makes folks real easy to be manipulated. Gotta run
Real earnings of American workers fell for the seventh consecutive month.
https://www.bls.gov/news.release/realer.nr0.htm
Real Earnings Summary Transmission of material in this release is embargoed until USDL-21-1468
8:30 a.m. (ET), Wednesday, August 11, 2021
Technical Information: (202) 691-6555 * [email protected] * www.bls.gov/ces
Media Contact: (202) 691-5902 * [email protected]
REAL EARNINGS – JULY 2021
All employees
Real average hourly earnings for all employees decreased 0.1 percent from June to July, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.4
percent in average hourly earnings combined with an increase of 0.5 percent in the Consumer Price
Index for All Urban Consumers (CPI-U).
Real average weekly earnings decreased 0.1 percent over the month due to the change in real average
hourly earnings combined with no change in the average workweek.
Real average hourly earnings decreased 1.2 percent, seasonally adjusted, from July 2020 to July 2021.
The change in real average hourly earnings combined with an increase of 0.6 percent in the average
workweek resulted in a 0.7-percent decrease in real average weekly earnings over this period.
Production and nonsupervisory employees
Real average hourly earnings for production and nonsupervisory employees were unchanged from June
to July, seasonally adjusted. This result stems from a 0.4-percent increase in average hourly earnings
combined with an increase of 0.5 percent in the Consumer Price Index for Urban Wage Earners and
Clerical Workers (CPI-W).
Real average weekly earnings decreased 0.1 percent over the month due to the unchanged real average
hourly earnings being combined with no change in average weekly hours.
From July 2020 to July 2021, real average hourly earnings decreased 1.1 percent, seasonally adjusted.
The change in real average hourly earnings combined with a 0.6-percent increase in the average
workweek resulted in a 0.5-percent decrease in real average weekly earnings over this period.
Well...this Biden economy is going along well. Here's an idea...let's take additional steps to further limit energy production and spend $5B additional that we don't have and see what happens...
Jimmy Carter 2.0...and the sequel is almost always worse than the original
https://twitter.com/ComfortablySmug/stat...80961?s=20
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