President Joe Biden

watfly said:
It's really quite sad how he is being propped up by Jill and his handlers. I actually feel bad for him. It's cruel how they are using him.

www.independent.co.uk

Awkward video shows Biden stuck in his jacket as he’s forced to ask Jill for help

Biden’s signature aviator sunglasses, balanced precariously on top of his mask, also fell on the tarmac
www.independent.co.uk www.independent.co.uk
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I calmed down and I'm back bro. I think Trump is propping up this Joe. Come on man, this is not the old Joe. This is 100% one of the actors playing his spot.
 
watfly said:
What, pray tell, could that data be? If your talking gas prices coming down, Biden doesn't get credit for fires he started originally.
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Nocal is talking about the 500,000 new jobs. How many of these 1/2 mill are second & 3rd jobs to help pay them bills? I took a Uber the other night and this really smart man was driving us in his really nice SUV. He does weekend late nights for Uber to help cover the cost of life. His real job is at Lockheed Martin. He does the extra so his wife can stay home with the kids full time. Cool guy and I gave him a nice tip.
 
Brav520 said:
I’m not sure what industry is confident in this current economy , maybe bankruptcy and divorce lawyers

fintech and obviously the mortgage industry is getting crushed right now

let’s see what 4q brings ,if massive layoffs are going happen then that is when most of them probably will take place
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Weed biz is big time. My buddy is a multi millionair and sells weed and dabs. All legal. Big Pharma is big biz and Urgent Care biz.
 
Grace T. said:
Only two things can return that market to equillibrium. Either they start charge massive surge pricing for those hours that motivates people to sign up to work the hours (which in turn increases the money supply). Or economic activity falls and people are forced to work those hours if they want the job.
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What we're seeing is employers offering sizable signing bonuses even for minimum wage jobs. Although no reputable business pays minimum wage in SoCal anymore. We had to do across the board raises because we were having to pay new hires as much as employees who had been with us for a few years. That's on top of the relatively generous bonuses we give and full medical.
 
watfly said:
What we're seeing is employers offering sizable signing bonuses even for minimum wage jobs. Although no reputable business pays minimum wage in SoCal anymore. We had to do across the board raises because we were having to pay new hires as much as employees who had been with us for a few years. That's on top of the relatively generous bonuses we give and full medical.
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where do i apply? ;)
 
Grace T. said:
I had a roadside emergency near a busy freeway interchange a few weeks ago. It happened at 7:30 pm on a workweek. I managed to get over to the shoulder and call AAA. Firstly, it tried to route me to the stupid app which I don't carry on my phone or to log on and leave a chat message with the autobot. It being not an entirely safe area on the freeway, I declined to go automated and so had to wait 20 minutes to get a real person. Because I was disabled on the freeway, it was labelled a "priority" service. The priority service took until 10:30 to arrive. I'd never experienced such a delay before using AAA so was shocked by how long it was taking.

A very nice Highway Patrol officer pulled in to check on me and to block off traffic to enable me to get the car to a safer location. He didn't want to leave me in the now safer place on the freeway alone. He explained that the city tow trucks go off duty at 7 so a 3 hour wait was just about right. The tow companies have been unable to fill the private slots (so there's a shortage) because no one wants to work the odd hours for the amount of money they are offering....those people that they have are insisting working the mornings and afternoons. The surge in traffic and the staffing shortages means its impossible to get a tow truck even for a priority service from 7-10 weekday evenings and God help you if you have a problem Sunday evening when vacation traffic is returning.

Only two things can return that market to equillibrium. Either they start charge massive surge pricing for those hours that motivates people to sign up to work the hours (which in turn increases the money supply). Or economic activity falls and people are forced to work those hours if they want the job.
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If you take money from one pocket and put it in another you have not increased the money supply.

Even Izzy gets that right.
 
espola said:
If you take money from one pocket and put it in another you have not increased the money supply.

Even Izzy gets that right.
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Fine. Imprecise language on my part. If wages rise (because employees are demanding it to keep up with the rising costs of goods and services), that effect can be inflationary, because it creates an ever rising cycle between the goods and services going up, and employees demanding their wages rise to keep up. The only thing you are doing is devaluing the currency and creating an inflationary spiral. (It's also more complicated than that...wages tend to be sticky in both directions...but how sticky is a sign about how inflationary things are). That's why recessions work to tame inflation....people are forced to take jobs they otherwise might not want and have less money to spend on goods and services. A healthy labor market with low unemployment is not necessarily a good thing if you are trying to tame inflation. To where we began, it's either: a. a lagging indicator that the labor market will slow later in time, or b. a signal that we haven't done enough to achieve the so-called "soft landing". Inflation doesn't go away without pain.
 
crush said:
That's what I was thinking bald ref. Watty takes care of his workers and that is a good thing.
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Well, we can afford to do it. Most businesses will do the same if they can afford to, unlike how many business owners are portrayed. Unfortunately, many small businesses can't.
 
The latest is in some really Ministry of Truth stuff the Biden White House is claiming we have 0% inflation because inflation didn't escalate from 8.5% YOY. In other words, the truth is inflation didn't inflate (i.e., accelerate), not we have 0% inflation. It's partially good news....mostly due to the decline in gas prices....but I noted that the thing you need to watch if the food numbers and they are up...more confirmation we are missing the so-called "soft landing" because the money supply hasn't been contracted enough. If true, the worst is still to come, but I'm not prepared to say yet that's for sure what's happening.



https://twitter.com/i/web/status/1557372486244868098
 
Grace T. said:
The latest is in some really Ministry of Truth stuff the Biden White House is claiming we have 0% inflation because inflation didn't escalate from 8.5% YOY. In other words, the truth is inflation didn't inflate (i.e., accelerate), not we have 0% inflation. It's partially good news....mostly due to the decline in gas prices....but I noted that the thing you need to watch if the food numbers and they are up...more confirmation we are missing the so-called "soft landing" because the money supply hasn't been contracted enough. If true, the worst is still to come, but I'm not prepared to say yet that's for sure what's happening.



https://twitter.com/i/web/status/1557372486244868098
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Have you been taking math advice from Izzy? This looks like his level of understanding of percentages.
 
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