461–470 of 593 posts
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It's not just the hip spots anymore. This comment is pretty out of touch.
Plenty of homes available for https://www.zillow.com/detroit-mi/
Savings are low. We have supply issues -- just not enough stuff, including food, even if you had all the money in the world. It is a joke now that people complained about babyfood and government said it will give money; only to get a reply of: no there just isn't any baby food delivered. Increasing rates will likely have the opposite result. The goal of the Fed is to break the backs of people with low means. I am not…
> right now U.S. oil companies are simply not improving supply to even pre pandemic levels Supply will continue to decrease in the US, both for raw inputs and refined outputs. It has nothing to do with the pandemic or the war in Ukraine and everything to do with the world moving off of fossil fuels, making any kind of long-term investment foolish. We will continue to exploit our existing infrastructure and…that's it.…
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People at my company have, in all-hands meetings. Is the company going to raise our salaries to compensate from the widely acknowledged inflation that's going on, given the company nets billions a year? No comment.
Stop thinking of yourself as a employee and start thinking yourself as a services vendor. They aren't going to raise your rates of their own accord, you need to go out and generate leads for that to happen. In a high inflation environment you may find yourself in a position where you have to shift more resources to sales rather than operations. Your current situation with it's pre-inflation salary might just not meet…
Stop thinking of yourself as an individual employee and start thinking of yourself as a member of a union. Then actually form that union.
You don't get across-the-board raises by "generating leads". You get them by collectively bargaining.
And I reject entirely the notion that one should be only looking out for one's own gain.
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> If those are the principal drivers of inflation, tightening could depress non-energy demand in a way that causes a recession without alleviating inflation You don't think the inflation has anything to do with printing $14 trillion out of thin air, or increasing the M1 money supply from ~4tn in march 2020 to over $20tn today? https://www.covidmoneytracker.org/ https://fred.stlouisfed.org/series/M1SL
No! And in fact most economists consider this to be an extremist fringe theory. A quick counterfactual here is, if the US's inflation is caused by its "money printing" (a term that is used quite loosely here, the vast majority of this money never makes it out to the general economy), then how does one explain the inflation experienced in other nations at the same time where no money was printed?
One other person I saw mentioned that the reserve requirement was lowered to zero in 2020. I don't think that has ever been done before.
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Raising taxes to take money out of the system. With that you have control over who the pain hits. Some specific areas that are getting hit hard like housing have specific problems that need to be fixed, like zoning.
Cost of taxes just gets passed on to the consumer. Or as Traders say... >It's priced in. Tax does not do anything to extract money in the end from anyone but the consumer; or at least not any tax that I've bothered to actually sit down and trace in the rare accounting mood.
> It's priced in.
That's just not true. It can only be true if you assume all sellers collude not to lower prices.
In a free market, one seller might eat the tax, undercut the rest, and net more money at a lower profit margin by attracting business from competitors. That risk generally prevents taxes from being fully priced in.
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Mandate work from home capability for anyone who can work from home; prioritize oil consumption for non discretionary use cases where you have no choice but to move atoms vs bits. Agree with your thesis otherwise, no way to juice output in the short term, only shims until electrification ramps faster (which, I argue, should carry the same gravity and speed as a wartime effort, but alas I am not a politician). Edit: N…
>Mandate work from home capability for anyone who can work from home; Oh yeah that'll get past congress. I'm sure one of our parties won't have an aneurism over this idea :)
That could happen tomorrow. It could be challenged in court, but the internal running of federal departments hasn't traditionally been successfully been upheld unless they have some novel legal theory as to why this is unconstitutional.
Savings are low. We have supply issues -- just not enough stuff, including food, even if you had all the money in the world. It is a joke now that people complained about babyfood and government said it will give money; only to get a reply of: no there just isn't any baby food delivered. Increasing rates will likely have the opposite result. The goal of the Fed is to break the backs of people with low means. I am not…
Earlier quoted context omitted.
Stop thinking of yourself as a employee and start thinking yourself as a services vendor. They aren't going to raise your rates of their own accord, you need to go out and generate leads for that to happen. In a high inflation environment you may find yourself in a position where you have to shift more resources to sales rather than operations. Your current situation with it's pre-inflation salary might just not meet…
Fuck that. Stop thinking of yourself as an individual employee and start thinking of yourself as a member of a union . Then actually form that union. You don't get across-the-board raises by "generating leads". You get them by collectively bargaining. And I reject entirely the notion that one should be only looking out for one's own gain.
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Too many dollars are chasing too few goods because of supply chain issues caused by these governments locking everyone down when they overreacted. You can't reduce inflation this way except by affecting tens of millions of innocent people who now have austerity measures imposed on them from on high courtesy of Janet Yellen and her posse. They should have avoided the steep lockdowns and given cash directly to househol…
FWIW, Jerome Powell is the Fed chair.
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I don't view housing as an investment. I look at it as I need a place to live. If I make money on it after I'm done living there then that's great.
If that's the case, why not just rent?