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9 hours ago, Backintheday544 said:


Y’all know we have decent data that the Republican states that ended the enhanced unemployment early are still seeing massive labor shortages right?

 

For labor, this isn’t a Biden thing. This isn’t a Trump thing. This is a fundamental shift in the US labor market that’s going on right now. 
 

It was something that was going on as we saw boomers starting to transition out of the labor market and the newer generations with different values come up. Instead of a slow process on the change, COVID threw gas on a fire to speed it up.

Well reasoned post. There’s definitely some truth to it. Boomers are indeed retiring in droves these days. 

Edited by SoCal Deek
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3 hours ago, B-Man said:

 

 

That 70s Show: Inflation spikes to 13-year high

 

b37127ac-6bc1-49f4-b7fe-6cc18f2cc853-450

 

https://hotair.com/ed-morrissey/2021/10/13/that-70s-show-inflation-spikes-to-13-year-high-n422104

 

 

 


Alright , I quit. I can’t keep up with your spam. It’s too much.

 

but to show what your right wing friends feel about this:

 

Why, so you can continue to flood this message board with every nonsensical piece of garbage you harvest out of the Twitter sphere? You don’t think people can go on Twitter and read this crap for themselves? Copying and pasting is NOT the purpose of a message board. Try offering something of value, or a slightly well reasoned adult worthy opinion once in a while and you’ll watch my standard bored to death response change. Ready, set, go! “

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On 10/7/2021 at 3:03 PM, SoCal Deek said:

And yet liberals claim to be the champions of the working class.   Hey Joe......AOC is NOT the working class! 

 

This.

 

What

A

Mess

 

 

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1 minute ago, Irv said:

 

Answer this honestly.  Let's say the free money is no longer being handed out.  Do you think the eviction moratorium is having any impact on people staying home?  What about moratoriums on utility shut-off's?  These can reach into the ten's of thousands.  Also, I'd like to know this - will the government guarantee all the back rents and utilities that have not been paid?  No way. Those costs will be socialized.  Who do you think pays for electric bill arrears?  That's right - you and me.  Well not necessarily you.  

 

What

A

Mess     

Believe me when I say I’m in the group they’re targeting. So much so that AOC wrote it on her arse! 

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1 minute ago, SoCal Deek said:

Believe me when I say I’m in the group they’re targeting. So much so that AOC wrote it on her arse! 

 

Apologies.  Ended up quoting you vs my original target BackintheDumb.  

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On 10/7/2021 at 11:09 PM, Backintheday544 said:


Y’all know we have decent data that the Republican states that ended the enhanced unemployment early are still seeing massive labor shortages right?

 

For labor, this isn’t a Biden thing. This isn’t a Trump thing. This is a fundamental shift in the US labor market that’s going on right now. 
 

It was something that was going on as we saw boomers starting to transition out of the labor market and the newer generations with different values come up. Instead of a slow process on the change, COVID threw gas on a fire to speed it up.

There is some credence to your insights.  It might be the pandemic situation has catalyzed or enabled these events.  But there are demographic and generational cycles at work here along with business, social, political, monetary system cycles.  Other things like cycles and progressions of energy sources and availability.  The main premise is real-life is a cyclical phenomena and not a linear progression of constant and uninterrupted "progress".  Like the concept of biorhythms that run on different cycles lengths relative to time.  When all four are peaking you're at your best and when all four are bottoming you're at your worst. 

 

And currently it appears most if not all of these economic, social and political cycles are either trending down or in the process of reaching a critical bottom.  The result being some very unpleasant circumstances to deal with for the foreseeable future.

 

If you've never read it, one book that lays the generational story based on an 80 year cycle with 4 phases for the American experience is The Fourth Turning by Strauss & Howe.  You may find references in articles or stories to one of the four cycles they define as "the fourth turning".  Its a period of great unrest and crisis that lasts approximately a generation or twenty years give or take.  That's what they predicted for the current times starting about 2006.  It was published in 1996 but it is eerily accurate in its descriptions of the current times.  And as I watched much of what they forecast actually play out I used their insights in preparation for what has happened and what likely will happen in the next few years.  One core idea is every generation faces the crisis period in their lifetimes.  The difference is when they face it.  In youth, young adulthood, middle age, or in their elder years.

 

Edited by All_Pro_Bills
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Demented Biden.  What a shame so many fools voted for this guy.  The Republicans can run a three legged, blind Shnauzer against him in 2024 and win easily.  That is if he is still alive or not the memory care clinic droooling on himself.  

 

What

A

Mess

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24 minutes ago, Irv said:

Demented Biden.  What a shame so many fools voted for this guy.  The Republicans can run a three legged, blind Shnauzer against him in 2024 and win easily.  That is if he is still alive or not the memory care clinic droooling on himself.  

 

What

A

Mess

They should be able too, but I’m not convinced. Look at the unprecedented actions taken to steal the election from Trump. Millions of unverifiable paper ballots, unprecedented in our history. Somehow going to the grocery store or Wal Mart was deemed “ safe” but in person voting - a stronghold of American Democracy - was life threatening. In short, too many Americans may simply be too dumb to get this numbskull Biden and his minions in the Democrat Party out of office. Look at the support he gets in this forum. Absolutely mind boggling. 

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17 minutes ago, Boatdrinks said:

They should be able too, but I’m not convinced. Look at the unprecedented actions taken to steal the election from Trump. Millions of unverifiable paper ballots, unprecedented in our history. Somehow going to the grocery store or Wal Mart was deemed “ safe” but in person voting - a stronghold of American Democracy - was life threatening. In short, too many Americans may simply be too dumb to get this numbskull Biden and his minions in the Democrat Party out of office. Look at the support he gets in this forum. Absolutely mind boggling. 

 

Actually, notice the lib takeover right after the election, that prompted several long-time posters here to jump ship to another MB.  Now pretty much all you see is BStime vainly posting in the January 6th thread.

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5 minutes ago, Doc said:

 

Actually, notice the lib takeover right after the election, that prompted several long-time posters here to jump ship to another MB.  Now pretty much all you see is BStime vainly posting in the January 6th thread.

In his world every day is January 6th. It has to be or people will start paying attention to clown show currently running this country. 

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Jim Cramer Says ‘Astounding’ Inflation ‘Much Worse’ Than Thought: ‘Just Unbelievable’

 

 

CNBC on Wednesday spoke with hedge fund manager and Robin Hood Foundation founder Paul Tudor Jones, who said that inflation is “much worse than we fear.” A short time later on Squawk Box, CNBC’s Jim Cramer agreed with Jones’ assessment, and added a few more dire words to the mix.

 

Host Rebecca Quick asked Cramer about inflation, a major topic of the day in finance.

 

“Let’s talk about inflation and where things stand right now,” she said. “Let’s talk about the questions that investors are kind of wondering right now. If you’re worried about inflation, it’s a huge, huge issue.”

 

Cramer agreed it’s a huge issue. He also brought up Jones talking about it earlier in the day and agreed with that, too.

 

“Yeah. I mean, look, I think Paul Tudor Jones, as always, is right about inflation. It’s much worse than we thought,” he said. “I keep hoping that the capacity will come on and make it so that it’s not as bad, but it just can’t seem to come on as fast enough.”

 

 

https://www.mediaite.com/tv/jim-cramer-says-astounding-inflation-much-worse-than-thought-just-unbelievable/

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Demented Biden and his communist buddy Newsom have gas prices up over $8 a gallon in California.  Doing it on purpose to destroy America starting on the west coast.  What a bunch of abject losers.   

 

What a Mess.jpg

 

 

Edited by Irv
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1 minute ago, Irv said:


That’s a source that one town in the US has $8 gas prices. That’s not a source that “Demented Biden and his communist buddy Newsom have gas prices up” please source your comment that Newsom and Biden have the gas prices up. 

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  • 2 weeks later...

 

 

BIDENFLATION: 

 

Terry McAuliffe’s doom: Joe Biden and the price of eggs. 

 

“Twelve dollars for a dozen eggs. At the farmers market on Sunday, I did my own survey. Three stands were $11. The rest were $12. Ten minutes ago, they cost $6. One hundred dollars. That’s how much it cost my handyman to fuel up his truck. They’re warning that the price of canned cranberries is going to be 50% higher this year because of the scarcity of aluminum for the cans. . . .

 

Tuesday was a small disaster. Bigger ones are on the horizon. Everyone gets that. The question is whether the early warning is early enough and whether Biden can recapture the attention of the country when we have the price of eggs, not to mention eggnog, to worry about.”

 

 

 

Biden can’t even remember what he had for breakfast.

 

 

https://nypost.com/2021/11/05/terry-mcauliffes-doom-joe-biden-and-the-price-of-eggs/

 

 

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3 minutes ago, Over 29 years of fanhood said:


CNBC is freaking out about how bad inflation looks, CPI reports is abysmal this morning. 

6.2% YoY as reported this morning.  If you look at statisticians like John Williams at Shadow Stats that run the numbers by factoring out all the smoke and mirrors adjustments made to the official CPI  to lower the number as much as possible its a lot higher.  But like life itself its all transitory so no worries..

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32 minutes ago, All_Pro_Bills said:

6.2% YoY as reported this morning.  If you look at statisticians like John Williams at Shadow Stats that run the numbers by factoring out all the smoke and mirrors adjustments made to the official CPI  to lower the number as much as possible its a lot higher.  But like life itself its all transitory so no worries..

True… the Roman Empire was transitory 

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INFLATION SPIKES “UNEXPECTEDLY”

 

 

It might be hard for Team Biden to put a happy face on the news that inflation continued its upward trend in October. The Hill brings back the theme of surprise from Obama’s golden era:

 

Consumer prices grew far faster than expected in October, according to data released Wednesday by the Labor Department.

 

The consumer price index (CPI), which tracks inflation for a range of staple goods and services, rose 0.9 percent last month and 6.2 percent in the 12-month period ending in October, the highest rate in the U.S. in 30 years.

 

Analysts broadly expected the CPI to rise by 0.5 percent last month, up from a gain of 0.4 percent in August, and 5.8 percent over the past year.

 

Team Biden may peddle the notion that inflation is a tribute to their success with the economy and/or blame others. The Hill story intimates both lines of thought.

 

https://thehill.com/policy/finance/580884-consumer-prices-rose-09-in-october-62-percent-in-past-year

 

https://www.powerlineblog.com/archives/2021/11/inflation-spikes-unexpectedly.php

 

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The over 50 vote - only about 52% voted for Trump.  

 

Hope the 48% of you that didn't now understand why inflation is bad and you've adjusted your retirement accordingly.    

 

What has the Democrat run House done for you since 2019 besides spend another 10 trillion?  

 

 

 

Going to be some bat ***t (pun definitely intended) crazy solutions coming from our Gen Zers and Millennials as their ability to save and spend plummets in the next 5 years.  Because the capitalist system failed us man!     

 

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I just maxed out our savings bond purchases for 2021, and I'll be right back for more in 2022. I Bonds - boring-ass old people's savings vehicle - are now paying an annualized rate of 7.12 percent.  I have some old bond I bought in the early 2000s that are currently paying over 10 percent.  No, I don't believe what politicians or the Fed tell me about inflation. This is the Treasury's own formula for the prevailing inflation rate, incorporated into the I bond rate. So at least 7 percent on an annualized basis. 

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On 10/24/2021 at 7:40 AM, Backintheday544 said:


That’s a source that one town in the US has $8 gas prices. That’s not a source that “Demented Biden and his communist buddy Newsom have gas prices up” please source your comment that Newsom and Biden have the gas prices up. 


How about $4.60.  Is that high enough? 

4 hours ago, B-Man said:

 

 

INFLATION SPIKES “UNEXPECTEDLY”

 

 

It might be hard for Team Biden to put a happy face on the news that inflation continued its upward trend in October. The Hill brings back the theme of surprise from Obama’s golden era:

 

Consumer prices grew far faster than expected in October, according to data released Wednesday by the Labor Department.

 

The consumer price index (CPI), which tracks inflation for a range of staple goods and services, rose 0.9 percent last month and 6.2 percent in the 12-month period ending in October, the highest rate in the U.S. in 30 years.

 

Analysts broadly expected the CPI to rise by 0.5 percent last month, up from a gain of 0.4 percent in August, and 5.8 percent over the past year.

 

Team Biden may peddle the notion that inflation is a tribute to their success with the economy and/or blame others. The Hill story intimates both lines of thought.

 

https://thehill.com/policy/finance/580884-consumer-prices-rose-09-in-october-62-percent-in-past-year

 

https://www.powerlineblog.com/archives/2021/11/inflation-spikes-unexpectedly.php

 


Stop manufacturing these crises B-Man!!

 

😡

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Michael Burry came out this week and said that inflation is much worse than a byproduct of the re-opening from COVID.  Also made comments regarding the Rivian IPO.

 

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&cad=rja&uact=8&ved=2ahUKEwj1_ov0tpX0AhVNm-AKHQ6QDWYQxfQBKAB6BAgOEAI&url=https%3A%2F%2Fmarkets.businessinsider.com%2Fnews%2Fstocks%2Fbig-short-michael-burry-scion-inflation-spike-economy-pandemic-reopening-2021-11&usg=AOvVaw2ejDzbftopOMYik1NrbPnj

 

My questions to the board are:

  • Have you adjusted your investing strategy based on the current and upcoming inflation and if so from/into what?
  • Since this clearly in not transitionary at what point do you start to panic?
  • Do you think the Bidenomics issues are solvable at the midterms, during the next administration or have we reached a tipping point (runaway inflation)?
  • What do think inflation will top out at?
  • What are your thoughts on the largest contributing factor?     

My answers:

  • Yes, we have 60% of our investments are now in commodities, foreign investments, thinking about purchasing a rental property.
  • I already have which is why I made the changes previously mentioned.
  • Not solvable until at least midway though the next administration.
  • 13%.
  • Currency devaluation. 

For those unaware, Michael Burry ran Scion Capital.  He was among the first to forecast the real estate bubble in 2007.  To learn about what led up to the crash a great movie to watch is "The Big Short".

 

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MSNBC HOST’S MARIE ANTOINETTE MOMENT:

 

Just tap into your savings to pay for higher grocery prices.

 

Meh, what’s the big deal? It doesn’t really matter that Americans are paying more for groceries these days because everyone saved so much money during the pandemic. That is the logic coming from MSNBC host Stephanie Ruhle. She called it a “dirty little secret” that Americans can afford higher prices.

 

Ruhle is an MSNBC business correspondent so it caused some eyebrows to raise when she told NBC anchor Willie Geist this malarkey. She told Geist,

 

“The dirty little secret here, Willie, while nobody likes to pay more, on average, we have the money to do so. Household savings hit a record high over the pandemic, we didn’t really have anywhere to go out and spend.”

 

This happened during her interview with Geist on the Today Show segment Sunday Focus. One of my colleagues at MRC/Newsbusters described her aptly – “inflation airhead”.

 

 

https://hotair.com/karen-townsend/2021/11/15/msnbc-hosts-marie-antoinette-moment-just-tap-into-your-savings-to-pay-for-higher-grocery-prices-n429227

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