Economics...

[Guest]

@JimmyinSD said:

@BigAl99 said:
All this gloom and doom after 1 month, gives true perspective of your business acumen.  

1 month,  yeah thats all its been.   like i've said,  I was calling for rate hikes before covid hit.  the longer they put it off the more it will hurt when they do,  especially if they keep spending money they dont have.

Don't. feed. the. troll.

[Guest]

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.

[Guest]

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.

[Guest]

@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)

Hmmmmm.....what happened 5 months ago? 

This was the fifth consecutive month in which inflation-adjusted hourly earnings fell and the fourth in which weekly earnings fell. As a result, after inflation earnings of Americans have declined in every month in which Joe Biden has been president. This is the longest consecutive string of monthly real earnings declines in records going back to 2007, matching the five month decline seen last year at height of pandemic lockdowns.
Scranton Joe battling for the little guy....lmao.  
 

[Guest]

https://www.cnn.com/2021/06/12/politics/...index.html

[Guest]

@StickyBun said:
https://www.cnn.com/2021/06/12/politics/...index.html

The story discounts itself,  written to show a hardship created by Trump on this distillery,   but according to the story the company didn't start until 2017,  bourbon has to be stilled for a minimum of 2 years but this company does longer,  ( bourbon made today wont be sold until 2025,  so I'm guessing 4 years then?)  So their first batches from 2017 wouldn't be sold until this year,   and covid having the affects it had on the bar business I think it also very likely he is suffering from that as much as any tariffs.  I dont know much about the liquor business,   but I know a fair bit about liquor from the consumption standpoint and if you dont have bar tenders turning people onto a new product its gonna take a long damn time for folks to find it themselves in the liquor store as most drinkers are creatures of habit and stick with the brands they know.

[Guest]

@JimmyinSD said:

@StickyBun said:
https://www.cnn.com/2021/06/12/politics/...index.html

  'I dont know much about the liquor business,   but I know a fair bit about liquor from the consumption standpoint ......'

This made me laugh.....me too, man! 

[Guest]

@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 which only requires a simple majority 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

[Guest]

@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?

[Guest]

Thats a nice opinion, how soon are you going to leverage your equities and move into commodities , or you just talking?