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  • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Originally posted by ScoobyDoo View Post
    500,000 is off by a factor of 6.
    3 million?
    What kind of cheese are you planning to put on top?

    Comment


    • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

      Originally posted by rufus View Post
      3 million?
      At least.
      **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

      Originally Posted by dropthatpuck-Scooby's a lost cause.
      Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

      Comment


      • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

        Who ever would have thought that tariffs would create inflationary pressure at both the PPI and CPI levels?...
        "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

        "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

        "Good news! We have a delivery." Professor Farnsworth

        Comment


        • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

          Originally posted by St. Clown View Post
          Who ever would have thought that tariffs would create inflationary pressure at both the PPI and CPI levels?...
          Are you just responding to the Harley and nail company stories or was there another report out that I'm not seeing?
          Code:
          As of 9/21/10:         As of 9/13/10:
          College Hockey 6       College Football 0
          BTHC 4                 WCHA FC:  1
          Originally posted by SanTropez
          May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
          Originally posted by bigblue_dl
          I don't even know how to classify magic vagina smoke babies..
          Originally posted by Kepler
          When the giraffes start building radio telescopes they can join too.
          He's probably going to be a superstar but that man has more baggage than North West

          Comment


          • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

            VIX is up 32% today. NYT publishes a doomsday prediction indicated by a potentially inverted yield curve.

            Oof.
            Code:
            As of 9/21/10:         As of 9/13/10:
            College Hockey 6       College Football 0
            BTHC 4                 WCHA FC:  1
            Originally posted by SanTropez
            May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
            Originally posted by bigblue_dl
            I don't even know how to classify magic vagina smoke babies..
            Originally posted by Kepler
            When the giraffes start building radio telescopes they can join too.
            He's probably going to be a superstar but that man has more baggage than North West

            Comment


            • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

              Originally posted by dxmnkd316 View Post
              Are you just responding to the Harley and nail company stories or was there another report out that I'm not seeing?
              All of these various manufacturing companies keep reported that they are seeing increased prices for their input costs - the raw materials, or pieces used to make their end product. That's what's measured in the PPI - Producer Pricing Index. They then say that they need to then charge more for their end product that gets sold to Joe Blow at the Home Depot - the CPI effect.

              These latest two reports are just adding to the long line of exactly what anybody who's had more than just an Econ 101 course could tell you - tariffs create inflation. They're usually put in place to save some specific count of jobs, most often under 600,000 net, but then they have deleterious impact on everybody else. The government is robbing Peter to pay Paul, and it's not small amount of money.

              Just watch what happens to the prices for automobiles, recreational vehicles, lawn and garden equipment, new houses, supplies for fixing houses, HVAC equipment, and so on, and so on. We all get a very large one-time dose of inflation, producers have their profit margins thinned, and a few people stayed employed, but never nearly the count of people that were sold to the government by the lobbyists because of the negative pressures this will put on rGDP.
              "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

              "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

              "Good news! We have a delivery." Professor Farnsworth

              Comment


              • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                Originally posted by dxmnkd316 View Post
                VIX is up 32% today. NYT publishes a doomsday prediction indicated by a potentially inverted yield curve.

                Oof.
                What in the f-ck happened in 1987?!

                Cornell University
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                • Originally posted by Kepler View Post
                  What in the f-ck happened in 1987?!

                  That was Black Monday, right? When the DJIA fell by what, 25% in a single day?

                  Comment


                  • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                    Originally posted by unofan View Post
                    That was Black Monday, right? When the DJIA fell by what, 25% in a single day?
                    Looks that way. October 19, 1987.
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                    National Champion 1967, 1970
                    ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
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                    • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                      Originally posted by St. Clown View Post
                      All of these various manufacturing companies keep reported that they are seeing increased prices for their input costs - the raw materials, or pieces used to make their end product. That's what's measured in the PPI - Producer Pricing Index. They then say that they need to then charge more for their end product that gets sold to Joe Blow at the Home Depot - the CPI effect.


                      Just watch what happens to the prices for automobiles, recreational vehicles, lawn and garden equipment, new houses, supplies for fixing houses, HVAC equipment, and so on, and so on.
                      Not even taking into consideration the retaliatory tariffs, but just anything that has steel or aluminum in its makeup.
                      What kind of cheese are you planning to put on top?

                      Comment


                      • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                        Originally posted by rufus View Post
                        Not even taking into consideration the retaliatory tariffs, but just anything that has steel or aluminum in its makeup.
                        Right. Those retaliatory tariffs are going to do some different things. Exports will suffer, which means this year's crop yields will be in excess of demand. Prices will drop on many ag-commodities, which might translate into a slight price drop at the grocery stores for a few products until the farmers are able to adjust to the new market conditions. In the meantime, those Trumped-up farmers better hope they have enough capital to make it through this year, or they're going to either need to take out some new loans or sell some property. Either way, they're not going to be living high on the hog for a number of years - until we have a change in POTUS, perhaps even party.

                        The problem for CPI calcs is that the retaliatory tariffs against the US are in products that we exempt from CPI calculations. So you and I might see a lot of net offsets in our overall consumption needs, but the CPI will not look good. Oddly enough, that could be a good thing for SSA and SSI beneficiaries next year with their COLA adjustments.
                        "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

                        "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

                        "Good news! We have a delivery." Professor Farnsworth

                        Comment


                        • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                          The yield curve has Wall Street's attention.

                          Every recession of the past 60 years has been preceded by an inverted yield curve, according to research from the San Francisco Fed. Curve inversions have “correctly signaled all nine recessions since 1955 and had only one false positive, in the mid-1960s, when an inversion was followed by an economic slowdown but not an official recession,” the bank’s researchers wrote in March.

                          https://www.nytimes.com/2018/06/25/b...rediction.html

                          Tariffs, threatened cuts to government, and factors like the above may be enough to overcome juicing the economy. While the world might have blinked on tariffs in '90 - its quite unlikely in '18 and with with a bully like Trump.
                          Go Gophers!

                          Comment


                          • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                            Going unsaid in all of this is since Trumpy's announcement of tariffs on China, China has signed something like an $800 million contract with Russia for soybeans. A huge sum of money flowing in to Russian coffers that aren't exactly overflowing these days.

                            Trumpy couldn't be helping Russia become more sound economically if he tried.
                            What kind of cheese are you planning to put on top?

                            Comment


                            • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                              Originally posted by rufus View Post
                              Going unsaid in all of this is since Trumpy's announcement of tariffs on China, China has signed something like an $800 million contract with Russia for soybeans. A huge sum of money flowing in to Russian coffers that aren't exactly overflowing these days.

                              Trumpy couldn't be helping Russia become more sound economically if he tried.
                              Good call. And Trumps been warming up to Putin for some time. It appears Russia's manipulation of the US election will be one of the best investments that country has ever made.
                              Go Gophers!

                              Comment


                              • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                                Originally posted by 5mn_Major View Post
                                Good call. And Trumps been warming up to Putin for some time. It appears Russia's manipulation of the US election will be one of the best investments that country has ever made.
                                Dump is their Trojan horse's as-s.
                                Cornell University
                                National Champion 1967, 1970
                                ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                                Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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