Biden Confronts The Economic Crisis

[Over 29 years of fanhood]

9 minutes ago, Tiberius said:

You want to work in a meat processing plant? 

It might not be a passion, but if I need a job and they are hiring I’m not above earning a paycheck. Like all careers you start way the bottom and work your way up. 
 

Can’t be harder than Cleaning, gutters, mowing lawns tossing mulch and wheelbarrowing crushed stone uphill for 70 hours a week. 

[Tiberius]

3 minutes ago, Over 29 years of fanhood said:

It might not be a passion, but if I need a job and they are hiring I’m not above earning a paycheck. Like all careers you start way the bottom and work your way up. 
 

Can’t be harder than Cleaning, gutters, mowing lawns tossing mulch and wheelbarrowing crushed stone uphill for 70 hours a week. 

Still, you have to find the people willing to do the work. A guy with a degree won't apply there, in all likelihood. 

 

And those people cleaning gutters, etc. already have that job, right? Not everyone will do those jobs, either 

[Chef Jim]

7 minutes ago, Over 29 years of fanhood said:

It might not be a passion, but if I need a job and they are hiring I’m not above earning a paycheck. 

 

It's a dirty job that, according to Tibs, should only be done by brown people. 

1 minute ago, Tiberius said:

Still, you have to find the people willing to do the work. A guy with a degree won't apply there, in all likelihood. 

 

 

 

If that guy with the degree needs to feed his family and pay the rent he damn well better apply there if there are openings.  

[Over 29 years of fanhood]

28 minutes ago, Tiberius said:

Still, you have to find the people willing to do the work. A guy with a degree won't apply there, in all likelihood. 

 

And those people cleaning gutters, etc. already have that job, right? Not everyone will do those jobs, either 

I did that job. 
 

2/3rds of population doesn’t have a college degree. 
 

Almost 10 million people are unemployed.
 

Seems to me an undesirable job vs no job shouldn’t be an option. 

[Tiberius]

2 minutes ago, Over 29 years of fanhood said:

I did that job. 
 

2/3rds of population doesn’t have a college degree. 
 

Almost 10 million people are unemployed.
 

Seems to me an undesirable job vs no job shouldn’t be an option. 

What are you going to do? Go out and yell at people to do jobs they do not want to do? 

[Over 29 years of fanhood]

2 minutes ago, Tiberius said:

What are you going to do? Go out and yell at people to do jobs they do not want to do? 

If we stop paying people not to work, it should sort itself out. 

[Chef Jim]

3 minutes ago, Tiberius said:

What are you going to do? Go out and yell at people to do jobs they do not want to do? 

 

Of course not.  We give those terrible jobs that no one wants to do to those brown people.   You're good with that right?  

[B-Man]

 

But warning bells are starting to be heard about another impending shortage of consumer goods and food staples as wholesale prices of certain raw materials used in a wide variety of food preparations have risen sharply over the past several weeks. This steady upward price pressure is coming at a time when many fragile economies around the world are not in a position to handle a sharp rise in the cost of food for their populations.

 

Soaring raw material prices have broad repercussions for households and businesses, and threaten a world economy trying to recover from the damage of the coronavirus pandemic. They help fuel food inflation, bringing more pain for families that are already grappling with financial pressure from the loss of jobs or incomes. For central banks, a spike in prices at a time of weak growth creates an unwelcome policy choice and could limit their ability to loosen policy.

 

“There seems to be sort of a bullish force behind the prices internationally,” Abdolreza Abbassian, senior economist at the United Nations’ Food and Agriculture Organization, said in an interview. “The indications are that there is very little reason to believe prices would remain at these levels. It’s more likely they will rise further. Hardship is still ahead.”

 

But early in the pandemic, the increased costs of some food products were offset by a steep drop in energy prices which resulted from enormous reductions in energy consumption as people stayed home rather than traveled.

 

But with current energy prices soaring, any increase in food costs in the months ahead will be just like pouring gasoline on a fire — excuse the pun.

Gas prices jumped over 9% in the past month and they’re not expected to slow down anytime soon.

 

Gas prices are up 22.5% from the previous year and were the biggest contributor to an overall increase in goods and services in the nation, according to the US Bureau of Labor Statistics’ Consumer Price Index. Fuel prices pushed a 1-month increase in the overall price of goods for March that was the highest in nearly 9 years.

 

A recent government report shows gas prices are expected to climb to a three-year high this summer. Prices at the pump will average $2.78 per gallon — up 34% from 2020 — in the next six months, according to the Energy Information Administration (EIA).

 

But the rising prices for food are being driven not just by increased production costs or cutbacks in farm activity.  A big part of the upward pressure on price is the increased presence of one particular country in the world market with plenty of money to spend — China.

 

The most recent crop spikes follow months of price gains fueled by booming import demand from China. Corn prices have doubled in the past year, while soybeans are up about 80% and wheat 30%. With China’s purchases continuing and a spate of adverse weather conditions threatening crops in Brazil and the U.S., there are few signs of respite. Analysts including those at Rabobank, Mintec and HSBC Global Research all see a risk of even higher prices as a result, though it will vary across markets.

 

“Generally people see this inflation continuing,” said Tosin Jack, an analyst at Mintec, which monitors commodity prices. “The trend will continue for some time and it will translate into consumer goods.”

 

Americans have been able to survive financially for the better part of a year due, to some degree, to a government-provided bubble. Various COVID-19 relief and stimulus programs, combined with such market-altering policies as eviction and foreclosure moratoriums, have sheltered Americans from some of the harsher financial realities of the economic shutdown.

 

But those costs are going to come due soon for many.  It is beginning to look like a triple whammy is about to be visited on American consumers — higher food costs, higher energy prices, and a day of reckoning in having to deal with financial pain that has been only delayed, not eliminated, resulting from the economic shutdown.

 

https://www.bloomberg.com/news/articles/2021-04-24/the-grocery-food-price-bill-is-going-to-get-more-expensive

 

https://www.businessinsider.com/gas-prices-skyrocketing-in-us-expected-increase-further-summer-2021-4?op=1

 

https://redstate.com/shipwreckedcrew/2021/04/26/food-prices-are-about-to-soar-right-alongside-gas-and-electricity-costs-n369051

 

 

 

[RochesterRob]

48 minutes ago, Chef Jim said:

 

It's a dirty job that, according to Tibs, should only be done by brown people. 

 

If that guy with the degree needs to feed his family and pay the rent he damn well better apply there if there are openings.  

  I think that Tiberius would do well shoveling chit on a WNY dairy farm (for the ones that are still left).

[Tiberius]

18 minutes ago, Over 29 years of fanhood said:

If we stop paying people not to work, it should sort itself out. 

Ah, the old Welfare ruined society argument 

 

Wouldn't change a thing. People still wouldn't want to do many jobs 

16 minutes ago, B-Man said:

 

But warning bells are starting to be heard about another impending shortage of consumer goods and food staples as wholesale prices of certain raw materials used in a wide variety of food preparations have risen sharply over the past several weeks. This steady upward price pressure is coming at a time when many fragile economies around the world are not in a position to handle a sharp rise in the cost of food for their populations.

 

Soaring raw material prices have broad repercussions for households and businesses, and threaten a world economy trying to recover from the damage of the coronavirus pandemic. They help fuel food inflation, bringing more pain for families that are already grappling with financial pressure from the loss of jobs or incomes. For central banks, a spike in prices at a time of weak growth creates an unwelcome policy choice and could limit their ability to loosen policy.

 

“There seems to be sort of a bullish force behind the prices internationally,” Abdolreza Abbassian, senior economist at the United Nations’ Food and Agriculture Organization, said in an interview. “The indications are that there is very little reason to believe prices would remain at these levels. It’s more likely they will rise further. Hardship is still ahead.”

 

But early in the pandemic, the increased costs of some food products were offset by a steep drop in energy prices which resulted from enormous reductions in energy consumption as people stayed home rather than traveled.

 

But with current energy prices soaring, any increase in food costs in the months ahead will be just like pouring gasoline on a fire — excuse the pun.

Gas prices jumped over 9% in the past month and they’re not expected to slow down anytime soon.

 

Gas prices are up 22.5% from the previous year and were the biggest contributor to an overall increase in goods and services in the nation, according to the US Bureau of Labor Statistics’ Consumer Price Index. Fuel prices pushed a 1-month increase in the overall price of goods for March that was the highest in nearly 9 years.

 

A recent government report shows gas prices are expected to climb to a three-year high this summer. Prices at the pump will average $2.78 per gallon — up 34% from 2020 — in the next six months, according to the Energy Information Administration (EIA).

 

But the rising prices for food are being driven not just by increased production costs or cutbacks in farm activity.  A big part of the upward pressure on price is the increased presence of one particular country in the world market with plenty of money to spend — China.

 

The most recent crop spikes follow months of price gains fueled by booming import demand from China. Corn prices have doubled in the past year, while soybeans are up about 80% and wheat 30%. With China’s purchases continuing and a spate of adverse weather conditions threatening crops in Brazil and the U.S., there are few signs of respite. Analysts including those at Rabobank, Mintec and HSBC Global Research all see a risk of even higher prices as a result, though it will vary across markets.

 

“Generally people see this inflation continuing,” said Tosin Jack, an analyst at Mintec, which monitors commodity prices. “The trend will continue for some time and it will translate into consumer goods.”

 

Americans have been able to survive financially for the better part of a year due, to some degree, to a government-provided bubble. Various COVID-19 relief and stimulus programs, combined with such market-altering policies as eviction and foreclosure moratoriums, have sheltered Americans from some of the harsher financial realities of the economic shutdown.

 

But those costs are going to come due soon for many.  It is beginning to look like a triple whammy is about to be visited on American consumers — higher food costs, higher energy prices, and a day of reckoning in having to deal with financial pain that has been only delayed, not eliminated, resulting from the economic shutdown.

 

https://www.bloomberg.com/news/articles/2021-04-24/the-grocery-food-price-bill-is-going-to-get-more-expensive

 

https://www.businessinsider.com/gas-prices-skyrocketing-in-us-expected-increase-further-summer-2021-4?op=1

 

https://redstate.com/shipwreckedcrew/2021/04/26/food-prices-are-about-to-soar-right-alongside-gas-and-electricity-costs-n369051

 

 

 

Good news for farmers...until it isn't and the prices falls again 

[Tiberius]

13 minutes ago, RochesterRob said:

  I think that Tiberius would do well shoveling chit on a WNY dairy farm (for the ones that are still left).

i don't need to. My mom owns a beef farm in Tennessee. I don't need a job like that, I have a better one. 

 

You could shovel the chit. 

[Chef Jim]

1 minute ago, RochesterRob said:

  I think that Tiberius would do well shoveling chit on a WNY dairy farm (for the ones that are still left).

 

I grew up in Genesee county.  I had plenty of classmates who showed up to school smelling like horse sh*t.   LOL 

[RochesterRob]

13 minutes ago, Tiberius said:

i don't need to. My mom owns a beef farm in Tennessee. I don't need a job like that, I have a better one. 

 

You could shovel the chit. 

  All work is honorable and I would use a skid steer loader.  You?  

[Chef Jim]

14 minutes ago, Tiberius said:

i don't need to. My mom owns a beef farm in Tennessee. I don't need a job like that, I have a better one. 

 

You could shovel the chit. 

 

Ahh the old lefty elitist "I'm better than that" mantra.  

 

So what's going to happen to mom's farm when beef is taxed to death by the green movement?

 

And seriously dude I'd like to hear more about her farm.   It's noble work and I'm always looking for sources of good meat!  

[Tiberius]

57 minutes ago, RochesterRob said:

  All work is honorable and I would use a skid steer loader.  You?  

All work may be honorable, but that doesn’t mean it’s fulfilling or enviable. 
 

I wouldn’t use anything. I won’t shovel chit 

[Chef Jim]

2 minutes ago, Tiberius said:

All work may be honorable, but that doesn’t mean it’s fulfilling or enviable. 
 

I wouldn’t use anything. I won’t shovel chit 

 

Ahh the liberal elitist strikes again.  "I'm above menial labor."   

 

[B-Man]

5 minutes ago, Tiberius said:

 I won’t shovel chit 

 

 

[All_Pro_Bills]

1 minute ago, Chef Jim said:

 

Ahh the liberal elitist strikes again.  "I'm above menial labor."   

 

That's the Achilles Heel of the intellectual, academic, and coastal elitist left.  Their existence depends on the very people they despise.  People that have provide sector jobs and businesses that produce real goods and services.  At some point the "deporables" will figure it out, stop supporting them, and let them fend for themselves and watch them starve to death in their Utopian communities.  And at that point problem solved..

[RochesterRob]

16 minutes ago, Tiberius said:

All work may be honorable, but that doesn’t mean it’s fulfilling or enviable. 
 

I wouldn’t use anything. I won’t shovel chit 

  You shovel chit a vast majority of the time while on this board.  The cow manure smell would be less offensive.  If the economy jumps the tracks at some point in the near future due to all the screwing around from COVID things might reduce down to basic functions like growing vegetables and cutting wood.  Surely, you learned that manure is good for growing most vegetables (tomatoes like very minimal nitrates).  

[BillStime]

👆 More whining Rob...

 

Meanwhile: