Highest inflation since...

[sherpa]

28 minutes ago, Tiberius said:

If they fill jobs that are open it would lower costs. Deflate prices. 

 

I honestly cannot believe what you post.

 

In taking those jobs they artificially reduce wage growth.

Realistic wage growth is essential in realistically pricing goods.

What you are not addressing is the cost of all this, and it is massive.

 

Jeesh. Lets just introduce slavery and we can really get price inflation down.

[SoCal Deek]

1 hour ago, Tiberius said:

If they fill jobs that are open it would lower costs. Deflate prices. 

I’m guessing with your way of thinking it’s also a great idea to tap into our strategic oil reserve because of you know…Putin…so we can save 10 cents a gallon for a week or two. 

Edited April 18, 2022 by SoCal Deek

[Tiberius]

1 hour ago, sherpa said:

 

I honestly cannot believe what you post.

 

In taking those jobs they artificially reduce wage growth.

Realistic wage growth is essential in realistically pricing goods.

What you are not addressing is the cost of all this, and it is massive.

 

Jeesh. Lets just introduce slavery and we can really get price inflation down.

Wage growth gets passed along as higher prices, you are proving my point indirectly without addressing the main point. Filling jobs cuts into inflation. 

 

And what in the world are you talking about "artificially"? By filling jobs? 

 

My point, again, immigrants, if the fill the jobs that are open, will help reduce inflation. If fewer jobs get filled, then supply cannot meet demand and that means higher prices. Pretty simple 

49 minutes ago, SoCal Deek said:

I’m guessing with your way of thinking it’s also a great idea to tap into our strategic oil reserve because of you know…Putin…so we can save 10 cents a gallon for a week or two. 

That has nothing to do with the point I made and you can't understand. 

[sherpa]

57 minutes ago, Tiberius said:

Wage growth gets passed along as higher prices, you are proving my point indirectly without addressing the main point. Filling jobs cuts into inflation. 

 

And what in the world are you talking about "artificially"? By filling jobs? 

 

My point, again, immigrants, if the fill the jobs that are open, will help reduce inflation. If fewer jobs get filled, then supply cannot meet demand and that means higher prices. Pretty simple 

That has nothing to do with the point I made and you can't understand. 

 

I think there is too great a gap to respond to.

I really wonder how old you are.

[SoCal Deek]

1 hour ago, Tiberius said:

Wage growth gets passed along as higher prices, you are proving my point indirectly without addressing the main point. Filling jobs cuts into inflation. 

 

And what in the world are you talking about "artificially"? By filling jobs? 

 

My point, again, immigrants, if the fill the jobs that are open, will help reduce inflation. If fewer jobs get filled, then supply cannot meet demand and that means higher prices. Pretty simple 

That has nothing to do with the point I made and you can't understand. 

Since your original point made zero fiscal or societal sense, I figured I’d test another. 

[Precision]

These immigrants are going to make minimum wage because those are the only jobs they have skills for.  Many will say they don't even have the skills for minimum wage jobs.

 

The pressure on inflation from minimum wage jobs is very low.  Real inflation from wage pressure comes from high paying jobs and I don't recall seeing a lot of doctors, engineers, accountants standing at the border.

[SoCal Deek]

9 minutes ago, Precision said:

These immigrants are going to make minimum wage because those are the only jobs they have skills for.  Many will say they don't even have the skills for minimum wage jobs.

 

The pressure on inflation from minimum wage jobs is very low.  Real inflation from wage pressure comes from high paying jobs and I don't recall seeing a lot of doctors, engineers, accountants standing at the border.

All the importation of cheap foreign labor does is give otherwise able bodied Americans a convenient excuse to not fill these low skilled positions. Further perpetuating the soft bigotry of low expectations. Wonderful! 

[Precision]

29 minutes ago, SoCal Deek said:

All the importation of cheap foreign labor does is give otherwise able bodied Americans a convenient excuse to not fill these low skilled positions. Further perpetuating the soft bigotry of low expectations. Wonderful! 

This conversation reminds me of when I was visiting Pheonix years ago.  This guy came up to me on the street and was like "Yo man, you need some printed circuit boards designed?  I can do some RTL maybe my homie can do a little Solidworks for you too.  My old lady is an accountant, she'll even do your taxes.  What do you say man?"

 

Crazy stuff!

[BillStime]

[Tiberius]

14 hours ago, sherpa said:

 

I think there is too great a gap to respond to.

I really wonder how old you are.

Well, I am right, so your sophomoric insult is about all you can do. Congrats 

[Tiberius]

13 hours ago, SoCal Deek said:

All the importation of cheap foreign labor does is give otherwise able bodied Americans a convenient excuse to not fill these low skilled positions. Further perpetuating the soft bigotry of low expectations. Wonderful! 

Really? So a person out there considering whether to go out and work is counting the number of immigrants and then making a decision? lol, you are shot 

[sherpa]

2 minutes ago, Tiberius said:

Well, I am right, so your sophomoric insult is about all you can do. Congrats 

 

It's not a sophomoric insult. It's a sincere insult.

 

There are many laws and guidelines that could be ignored that would discourage inflation.

 

Immigration laws are just one.

Certainly child labor laws, OSHA rules and guidelines and restrictive environmental rules could be disregarded and would result in cheaper production costs. 

 

It's simply not a good idea at all. 

[SoCal Deek]

Just now, Tiberius said:

Really? So a person out there considering whether to go out and work is counting the number of immigrants and then making a decision? lol, you are shot 

Yes really. The person looks at the job market and ‘says those are jobs for illegal immigrants, I’m not going to work there’. You really have to leave your little bubble. Take a trip out to california. That’s happening everywhere. When the hiring billboards are in Spanish…what do you think it tells them?

[Tiberius]

Just now, sherpa said:

 

It's not a sophomoric insult. It's a sincere insult.

 

There are many laws and guidelines that could be ignored that would discourage inflation.

 

Immigration laws are just one.

Certainly child labor laws, OSHA rules and guidelines and restrictive environmental rules could be disregarded and would result in cheaper production costs. 

 

It's simply not a good idea at all. 

Immigration to fill jobs has been a policy of this nation since before it was even a nation and has worked really well, actually. We have so many unfilled jobs that it of course would take pressure  of prices if more goods and services were being provided. Of course increased supply would meet the demand and lower prices. Just look at one area of the economy, trucking. They don't have enough drivers. That is causing prices to rise. More truckers (immigrants) and you reduce that upward pressure on prices there. You get that? 

 

https://www.cnbc.com/2022/04/07/walmart-says-it-is-raising-pay-for-truck-drivers-starting-training-program.html

 

Raising pay? Who does that get passed onto? 

4 minutes ago, SoCal Deek said:

Yes really. The person looks at the job market and ‘says those are jobs for illegal immigrants, I’m not going to work there’. You really have to leave your little bubble. Take a trip out to california. That’s happening everywhere. When the hiring billboards are in Spanish…what do you think it tells them?

Oh, so a bigot will now stay home instead of going out and earning a living?? Bigots are the victims, great 

[SoCal Deek]

Just now, Tiberius said:

Immigration to fill jobs has been a policy of this nation since before it was even a nation and has worked really well, actually. We have so many unfilled jobs that it of course would take pressure  of prices if more goods and services were being provided. Of course increased supply would meet the demand and lower prices. Just look at one area of the economy, trucking. They don't have enough drivers. That is causing prices to rise. More truckers (immigrants) and you reduce that upward pressure on prices there. You get that? 

 

https://www.cnbc.com/2022/04/07/walmart-says-it-is-raising-pay-for-truck-drivers-starting-training-program.html

 

Raising pay? Who does that get passed onto? 

LEGAL immigration…not ILLEGAL immigration. This is not complicated Tibs!!!

[Doc]

1 hour ago, SoCal Deek said:

LEGAL immigration…not ILLEGAL immigration. This is not complicated Tibs!!!

 

It is, for them.  They are told what to think and feel(z) and that's the end of it.

[sherpa]

1 hour ago, SoCal Deek said:

LEGAL immigration…not ILLEGAL immigration. This is not complicated Tibs!!!

 

And nobody that I'm aware of is opposed to legal immigration.

We are so far away from addressing illegal immigration that it equates to gross negligence.

[ALF]

No matter how many they allow in they should be all properly vetted  and legal but on probation. 

[Chef Jim]

38 minutes ago, sherpa said:

 

And nobody that I'm aware of is opposed to legal immigration.

We are so far away from addressing illegal immigration that it equates to gross negligence.

And to put it another way no one is against legal immigration however one party seems to be in favor of illegal immigration.  

[Doc]

They like to conflate things for the simps in their party.  But the rest know the story.

[sherpa]

2 hours ago, Tiberius said:

.Of course increased supply would meet the demand and lower prices. Just look at one area of the economy, trucking. They don't have enough drivers. That is causing prices to rise. More truckers (immigrants) and you reduce that upward pressure on prices there. You get that? 

 

 

 

At the risk of thread creep....

This is wrong on two levels.

First, CDL requires legal status, I believe, so illegals are not going to be players.

 

Second, what this country does not need, and I'm certain there is near universal agreement on this, is recent immigrants driving 18 wheelers on our interstates and city streets.

 

Anyone who has witnessed what goes on on the roads in Central/South America would most likely agree.

[B-Man]

 

 

 

 

*

Quick reminder for those who don't seem to understand, there is an article connected to the tweet, just click on. . . . . . . . . 😃

 

 

[ALF]

Higher food and energy prices could last 'for years,' World Bank warns

 

Russia's invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices high through the end of 2024, according to the World Bank.

 

The spike in energy prices over the past two years is the biggest since the 1973 oil crisis, while the jump in food prices is the most since 2008, the World Bank said Tuesday in its commodity markets outlook report.

 

"Overall, this amounts to the largest commodity shock we've experienced since the 1970s," said Indermit Gill, the World Bank's vice president for equitable growth, finance and institutions.

 

Russia is a leading exporter of oil, natural gas and coal, while Ukraine is a major source of wheat and corn. The situation has been exacerbated by soaring fertilizer costs and price spikes for key metals.

 

After nearly doubling last year, energy prices are expected to jump more than 50% this year before easing in 2023 and 2024, the World Bank said. Food prices will soar by 22.9% this year, highlighted by a 40% rise in wheat prices, according to the report.

 

"These developments have started to raise the specter of stagflation," the World Bank warned. "Policymakers should take every opportunity to increase economic growth at home and avoid actions that will bring harm to the global economy."

Prices are expected to stay at "historically high levels" through the end of 2024, the World Bank said.

 

https://www.cnn.com/2022/04/27/business/world-bank-ukraine-shock/index.html

[SoCal Deek]

9 minutes ago, ALF said:

Higher food and energy prices could last 'for years,' World Bank warns

 

Russia's invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices high through the end of 2024, according to the World Bank.

 

The spike in energy prices over the past two years is the biggest since the 1973 oil crisis, while the jump in food prices is the most since 2008, the World Bank said Tuesday in its commodity markets outlook report.

 

"Overall, this amounts to the largest commodity shock we've experienced since the 1970s," said Indermit Gill, the World Bank's vice president for equitable growth, finance and institutions.

 

Russia is a leading exporter of oil, natural gas and coal, while Ukraine is a major source of wheat and corn. The situation has been exacerbated by soaring fertilizer costs and price spikes for key metals.

 

After nearly doubling last year, energy prices are expected to jump more than 50% this year before easing in 2023 and 2024, the World Bank said. Food prices will soar by 22.9% this year, highlighted by a 40% rise in wheat prices, according to the report.

 

"These developments have started to raise the specter of stagflation," the World Bank warned. "Policymakers should take every opportunity to increase economic growth at home and avoid actions that will bring harm to the global economy."

Prices are expected to stay at "historically high levels" through the end of 2024, the World Bank said.

 

https://www.cnn.com/2022/04/27/business/world-bank-ukraine-shock/index.html

Wait…CNN is blaming inflation on Putin? Go figure. Who saw that coming?

[ALF]

1 minute ago, SoCal Deek said:

Wait…CNN is blaming inflation on Putin? Go figure. Who saw that coming?

 

Darn it , I thought it was a report from the World Bank

[SoCal Deek]

1 minute ago, ALF said:

 

Darn it , I thought it was a report from the World Bank

Obviously you did….don’t make that mistake again. 😉

[B-Man]

1 hour ago, ALF said:

 

Darn it , I thought it was a report from the World Bank

 

 

I wish that I could get the same type of distinction on my posts..............😎

 

 

 

[Tiberius]

Putin isn’t causing inflation? 

 

Huh? 

[Doc]

1 minute ago, Tiberius said:

Putin isn’t causing inflation? 

 

Huh? 

 

Did Trump cause Fauci-Wuhan virus? 

[Tiberius]

1 minute ago, Doc said:

 

Did Trump cause Fauci-Wuhan virus? 

Have you ever seen the virus? 

 

Huh? 

[Doc]

19 minutes ago, Tiberius said:

Have you ever seen the virus? 

 

Huh? 

 

"The buck stops here."  Or is that only when it comes to Republican Presidents?

[Tiberius]

1 minute ago, Doc said:

 

"The buck stops here."  Or is that only when it comes to Republican Presidents?

Putin has caused inflation,the truth doesn't stop because the Dems win 

[Buffalo Bills Fan]

3 hours ago, SoCal Deek said:

Wait…CNN is blaming inflation on Putin? Go figure. Who saw that coming?

 

It's understandable for costs wheat and corn Deek for Ukraine And understandable for cost coal, oil and gas for Russia. (all over world cost for those) Wish this war had not got started innocent people and kids  .  

Edited April 27, 2022 by Buffalo Bills Fan

[Doc]

14 hours ago, Tiberius said:

Putin has caused inflation,the truth doesn't stop because the Dems win 

 

Putin hasn't caused it.  True he's made it worse, but so had Joey's Admin before started his ill-advised war.  What I was getting at is Trump didn't cause Fauci-Wuhan virus, but you libs blamed him for making it worse.  And that cost him the election.  Now we know that it wouldn't have been better under a Dem, if not worse. 

Edited April 28, 2022 by Doc

[ALF]

American oil refineries shutter amid Biden's hostile fossil fuel policies, adding to pain at the pump: expert

 

American refinery capacity has been on the decline in recent years, according to Fuels Market News latest Refinery Capacity Report. The report found that operable atmospheric crude oil distillation capacity in the U.S. fell from 19 million barrels per calendar day at the start of 2020 to 18.1 million at the start of 2021.

 

Much of that dip in output can be blamed on refinery closures such as the one in Houston, with the report noting that five facilities shuttered during 2021, including the Shell refinery in Convent, Louisiana. Other states that saw a refinery closure include New Mexico, California, North Dakota, and Wyoming.

 

Phil Flynn, a senior account executive/market analyst at the Price Futures Group and FOX Business contributor, warned that strict regulation under the Biden administration will continue to put pressure on refineries to stay in business.

 

But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."

 

https://www.foxbusiness.com/politics/oil-refineries-shutter-amid-hostile-fossil-fuel-policies-pain-at-the-pump

[SoCal Deek]

13 hours ago, Buffalo Bills Fan said:

 

It's understandable for costs wheat and corn Deek for Ukraine And understandable for cost coal, oil and gas for Russia. (all over world cost for those) Wish this war had not got started innocent people and kids  .  

No doubt that’s also true, but when it comes to America a whole lot of this is just keyboard propaganda looking to place the blame on Putin so they can take the bullseye off Biden. It’s not working. 

[Tiberius]

5 hours ago, ALF said:

American oil refineries shutter amid Biden's hostile fossil fuel policies, adding to pain at the pump: expert

 

American refinery capacity has been on the decline in recent years, according to Fuels Market News latest Refinery Capacity Report. The report found that operable atmospheric crude oil distillation capacity in the U.S. fell from 19 million barrels per calendar day at the start of 2020 to 18.1 million at the start of 2021.

 

Much of that dip in output can be blamed on refinery closures such as the one in Houston, with the report noting that five facilities shuttered during 2021, including the Shell refinery in Convent, Louisiana. Other states that saw a refinery closure include New Mexico, California, North Dakota, and Wyoming.

 

Phil Flynn, a senior account executive/market analyst at the Price Futures Group and FOX Business contributor, warned that strict regulation under the Biden administration will continue to put pressure on refineries to stay in business.

 

But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."

 

https://www.foxbusiness.com/politics/oil-refineries-shutter-amid-hostile-fossil-fuel-policies-pain-at-the-pump

What? How are they doing that? The slave holders, I mean big oil, seems intent on destroying the people's party. Russia, the Saudis and our oil companies sure don't like Biden, and it shows 

[B-Man]

 

 

 

 

[B-Man]

 

 

 

 

 

[B-Man]

 

 

Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs

 

The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years.

 

Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%.

 

Shelter costs, which comprise about one-third of the CPI, rose at their fastest pace since 1991.

 

https://www.cnbc.com/2022/05/11/cpi-april-2022.html