Author Topic: ***Biden wins presidency-Boy are we toast***  (Read 139321 times)

Offline CountValentine

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #800 on: August 11, 2022, 10:16:01 AM »
This specific aspect is more likely due to how they hope it will affect interest rates.
I am sure that is part of it because they affect each other.
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Offline aygart

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #801 on: August 11, 2022, 10:19:56 AM »
Political position.
Correct. Still amazing. Ironic at the very least.
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Offline aygart

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #802 on: August 11, 2022, 10:20:15 AM »
I am sure that is part of it because they affect each other.
yes
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Offline aygart

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #803 on: August 11, 2022, 10:21:06 AM »
Hopefully we can say the same next month that remains to be seen.
would be nice. There is a good chance of trickle down from gas as @avromie7 wrote.
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Offline CountValentine

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #804 on: August 11, 2022, 10:32:57 AM »
Correct. Still amazing. Ironic at the very least.
President is in isolation, so he had nothing to do with legislation. After all he won the election because he hid in the basement.

Classic election denier stuff.  :)
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Offline aygart

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #805 on: August 11, 2022, 10:39:20 AM »
After all he won the election because he hid in the basement.

You never heard that from me. I always said not to underestimate him considering how he beat a formidable field of primary opponents.
(ETA: I guess it is possible that I've said it facetiously)
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Offline CountValentine

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #806 on: August 11, 2022, 10:52:29 AM »
You never heard that from me. I always said not to underestimate him considering how he beat a formidable field of primary opponents.
(ETA: I guess it is possible that I've said it facetiously)
I didn't mean you unless you are an election denier which I consider you not to be but won't ask.  :)
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Offline aygart

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Feelings don't care about your facts

Offline yuneeq

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #808 on: August 11, 2022, 01:59:25 PM »
I was not prepared for this chart.

What does it mean to you
Visibly Jewish

Offline CountValentine

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #809 on: August 11, 2022, 02:11:08 PM »
What does it mean to you
That you can move the goalpost to find something to fit the narrative?  :)
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Offline yuneeq

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #810 on: August 11, 2022, 02:47:29 PM »
We got a good CPI, jobs and UE numbers but the spin is they are bad. The market thought the CPI was great.

Are you concerned about labor force participation rate? Despite all the job/UE gains, participation rate has been going down since March, while still far below pre-COVID numbers. Which in real numbers means fewer people are currently employed compared to March.

https://tradingeconomics.com/united-states/labor-force-participation-rate
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Offline CountValentine

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #811 on: August 11, 2022, 02:54:04 PM »
Are you concerned about labor force participation rate? Despite all the job/UE gains, participation rate has been going down since March, while still far below pre-COVID numbers. Which in real numbers means fewer people are currently employed compared to March.

https://tradingeconomics.com/united-states/labor-force-participation-rate
There are numbers and views of those numbers for everything. I don't have the time for all of them, so I stick with what we have been using as goalposts.

What I do know is I see signs in every part of the country I go to "help wanted". Was at a DQ in WI last week at it closed early because of no help. Go to a restaurant to eat and wait 30 minutes after I get seated for a server because they are shorthanded.
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Offline Ver hut gazugt

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #812 on: August 11, 2022, 02:54:15 PM »
Are you concerned about labor force participation rate? Despite all the job/UE gains, participation rate has been going down since March, while still far below pre-COVID numbers. Which in real numbers means fewer people are currently employed compared to March.

https://tradingeconomics.com/united-states/labor-force-participation-rate
it is confusing. I would think it would go up because inflation is making people who live on fixed income get back into the labor market.

Offline Baruch

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #813 on: August 11, 2022, 02:54:42 PM »
Are you concerned about labor force participation rate? Despite all the job/UE gains, participation rate has been going down since March, while still far below pre-COVID numbers. Which in real numbers means fewer people are currently employed compared to March.

https://tradingeconomics.com/united-states/labor-force-participation-rate
"labor force participation rate" = "I belong to the the party out of power".

Offline avromie7

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #814 on: August 11, 2022, 03:02:54 PM »
What I do know is I see signs in every part of the country I go to "help wanted". Was at a DQ in WI last week at it closed early because of no help. Go to a restaurant to eat and wait 30 minutes after I get seated for a server because they are shorthanded.
Do you consider that a good thing?
I wonder what people who type "u" instead of "you" do with all their free time.

Offline CountValentine

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #815 on: August 11, 2022, 03:14:48 PM »
Do you consider that a good thing?
Not sure. Do we need more workers, or we have enough workers but need them to go back to work.

I remember many here blamed it on the free money (I think you did,no) but we found out that was not the case.
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Offline avromie7

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #816 on: August 11, 2022, 03:44:28 PM »
Not sure. Do we need more workers, or we have enough workers but need them to go back to work.

I remember many here blamed it on the free money (I think you did,no) but we found out that was not the case.
The lower participation rate indicates that there are more workers who did not go back to work. This is leading to more automation, which is a good thing. For example, most kosher grocery stores in Lakewood put in self-checkout over the past year or so, and many restaurants are pushing people to order online instead of by phone.

I did blame the labor shortage on the handouts and it definitely seems that is not the reason for such a low participation rate. However, I haven't been able to come up with another reasonable explanation. I think we should try to figure out why so many people are not joining the labor force, maybe bringing back work requirements for government assistance would help.

Do you have any ideas how to get more people back into the workforce?
I wonder what people who type "u" instead of "you" do with all their free time.

Offline CountValentine

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #817 on: August 11, 2022, 06:35:14 PM »
I think we should try to figure out why so many people are not joining the labor force, maybe bringing back work requirements for government assistance would help.

Do you have any ideas how to get more people back into the workforce?
How about retirees? How much does that account for?

As far as ideas I am trying to figure out what they are living on without a job.
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Offline aygart

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #818 on: August 11, 2022, 06:54:30 PM »
How about retirees? How much does that account for?

As far as ideas I am trying to figure out what they are living on without a job.
MS?
Feelings don't care about your facts

Offline zh cohen

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Re: ***Biden wins presidency-Boy are we toast***
« Reply #819 on: August 12, 2022, 02:22:24 PM »
However, I haven't been able to come up with another reasonable explanation.

Perhaps this is part of the explanation -
Quote
Credit card balances saw their largest year-over-year percentage increase in more than twenty years, while aggregate limits on cards marked their largest increase in over ten years
https://www.newyorkfed.org/microeconomics/hhdc