Originally posted by: cohodk You can read it as demand for debt, but again you would be wrong. Even folks who have fully paid for auto and homes buy insurance.
But that packed restaurants surely reinforces your "horrible" economy mantra. Lol
record sub-prime auto debt tells the demand story. Wife and I find it cheaper to eat out (with coupons) than to shop at Publix.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
You can read it as demand for debt, but again you would be wrong. Even folks who have fully paid for auto and homes buy insurance. But that packed restaurants surely reinforces your "horrible" economy mantra. Lol
It's a bifurcated market for debt, and it depends on what you interpret as "demand" for debt. Practically everyone now gets to live as if debt doesn't matter because there is currently no penalty for racking up debt. There will be no penalty until the debt market implodes. Debt has few consequences when interest rates are zero, but I suspect that will change when working people get tired of paying for other peoples' excess.
In contrast, the fact that auto and home insurance are mandated by the state and by mortgage companies who are then subsidized by the government with special tax carve-outs for the insurance industry doesn't translate into "demand" for insurance. Obamacare is one more odious example of the insurance industry making taxpayers into mules for their business model. That doesn't translate into "demand" either.
This cozy arrangement works as another wealth transfer from the tax-paying working segments of society to further subsidize the debtor segments. Governmental social engineering via subsidies to people who can't pay for mortgages but who obtain them anyway knowing that taxpayers will ultimately bail them out only serves to undermine the economy and allows low-life politicians to buy cheap votes with demagogue rhetoric.
"Demand" for debt is created by artificially-low interest rates. "Demand" for insurance isn't demand just because it's mandated or because the penalty for not having it is greater. It's either/or but not both. You pick.
Q: Are You Printing Money? Bernanke: Not Literally
gas got down to $1.63 on Tuesday this past week, then suddenly went to $1.96 for no other reason but for the holiday coming and the station owners are greedy gougers.
Why don't people get upset about these 20% overnight jumps for no real reason. If milk went up 20% overnight for no real reason, would that P you off?
To forgive is to free a prisoner, and to discover that prisoner was you.
Ordered the kids (and parents ) the newest XBox for Xmas
Dang, video games for the home have come a long way from the one I got when I was their age, which played pong, a simple driving game, and a simple shooting game on our old black and white TV
Adjusted for inflation, they cost about the same, and this new one is way way way (insert about a thousand more "way"s here) better.
Originally posted by: cohodk You can read it as demand for debt, but again you would be wrong. Even folks who have fully paid for auto and homes buy insurance.
But that packed restaurants surely reinforces your "horrible" economy mantra. Lol
record sub-prime auto debt tells the demand story. Wife and I find it cheaper to eat out (with coupons) than to shop at Publix.
Not really. If the percentage of subprime remains constant yet the overall volume of car sales hits record highs then of course subprime will hit highs. That is no indication of a lousy economy.
Maybe you should try the $5 spaghetti dinners on Saturday at your local church.
Your benefit will stay the same in 2016. We review Social Security benefits each year to make sure they keep up with the cost of living. The law does not permit an increase in benefits when there is no increase in the cost of living. There was no increase in the cost of living during the past year based on the Consumer Price Index (CPI) published by the Department of Labor. The CPI is the Federal government's official measure used to calculate cost of living increases. So, there will be no change in your benefit in 2016.
Bought ground beef last week for $1.89/lb, cheapest I've seen it in a couple of years. Earlier this year 400-500# yearlings were going for $4/lb on hoof.
Gas is $1.9x/gallon. Got down to $1.88 a few weeks ago.
Shelled corn is $30-35 per 55gal barrel. We've been fattening the deer (and squirrels) up around our house good this year.
Restaurants are packed just about every night. You don't even want to go after 7 on weekends.
@ Elite CNC Routing & Woodworks on Facebook. Check out my work. Too many positive BST transactions with too many members to list.
Have any taxes gone down? If they haven't, the result is a disproportionately higher allocation to gov.com, but that's the basic design. And yet, the debt just got bumped to what, $21 trillion?
If you're not a protected species, you're in trouble. Anybody saved that promised $2,500 on obamacare yet? Well, I suppose that if you have a special plan that was exempted or a special provision that was "postponed", you're doing alright.
Q: Are You Printing Money? Bernanke: Not Literally
Originally posted by: jmski52 Have any taxes gone down? If they haven't, the result is a disproportionately higher allocation to gov.com, but that's the basic design. And yet, the debt just got bumped to what, $21 trillion?
If you're not a protected species, you're in trouble. Anybody saved that promised $2,500 on obamacare yet? Well, I suppose that if you have a special plan that was exempted or a special provision that was "postponed", you're doing alright.
sound like comrade need 2 go to re-educashen camp, no? CR
Not surprising at all, derryb. The other items are immediately useful to the consumer, ready to go. The barrel of oil is utterly without utility unless/until processed.
the Value is in the transformation, and that costs money (in the form of plant and equipment, time, energy, knowledge, skill, etc)
OMG, does a bushel of corn cost less per ounce than a box of corn flakes? Does raw cotton cost less than a dress shirt? Does raw coffee cost less per gram than a Starbucks?
Jmski wish he live in Belgium or Bahrain? One has highest tax rates and the other no tax.
jmski has no interest in relocating to either. Reagan expressed it best - if we lose freedom here, there is no other place. You can see just how well Belgium is doing with their EU policies on money & immigration.
Relevance to the OP, your comment doesn't address the fact that taxes have increased.
Q: Are You Printing Money? Bernanke: Not Literally
Jmski wish he live in Belgium or Bahrain? One has highest tax rates and the other no tax.
jmski has no interest in relocating to either. Reagan expressed it best - if we lose freedom here, there is no other place. You can see just how well Belgium is doing with their EU policies on money & immigration.
Relevance to the OP, your comment doesn't address the fact that taxes have increased.
I suspect that there are people doing just fine in Belgium and Bahrain, and others not doing so well, as a result of the intersection of their personal luck of circumstances, environment, and individual effort and decisions. Hey, just like here in United States and America! Is Nice!
Quantities for a given price continue to be reduced. Many Ocean Spray juices are now in 60 oz bottles (changed this year). Pint containers of tomatoes that went from 16 ozs to 15 ozs a few years ago are now hitting 14 and 14.5 ozs. It's an endless list. Ziploc baggies that were 40 count are now 38, etc.
Note that while pay has increased 42% since 2000, real median income (when adjusted for inflation) has been stagnate. Inflation destroyed pay increases.
start point is irrelevant. look at all those great years (lol) between 2000 and now. Recession was actually in 2001 and real income actually improved that year. I'll have to disagree with you - pay increases are meaningless if they get devoured by inflation.
Let's take a much longer look at what inflation has done for us (in red, recessions in grey):
@Baley said: pay increases are meaningless if they get devoured by inflation.
Ok, let's agree with that at face value.
So, therefore.... what?
Just because nominal income rises it does not mean that the population is doing better. With inflation, quality of life does not improve just because the paycheck does. It also means that the lowest income families suffer the most from inflation since they see the lowest income increases in the face of an across the board rise in prices. Inflation is blind to how it affects different income levels.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Well said, and I completely agree. Which is easy to do, since it's all kind of a tautology.
So to continue the conversation: Aaaand... what? Why are these facts important to state?
Comments
I knew it would happen.
No accidents, no violations. All vehicles a year older, and the insurance on all of them went UP. Hmmmm.
My homeowners insurance went from $2400 to $2900 this year. Big increase in property taxes as well. Restaurant prices up, portions served are down.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Knowledge is the enemy of fear
*$1.00/gal off from Safeway grocery rewards.
Must be lots of demand for insurance and dining out.
packed restaurant on just about every corner and home/auto insurance is required because of the debt used to finance them.
Looks like demand for debt is up as well.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
But that packed restaurants surely reinforces your "horrible" economy mantra. Lol
Knowledge is the enemy of fear
You can read it as demand for debt, but again you would be wrong. Even folks who have fully paid for auto and homes buy insurance.
But that packed restaurants surely reinforces your "horrible" economy mantra. Lol
record sub-prime auto debt tells the demand story. Wife and I find it cheaper to eat out (with coupons) than to shop at Publix.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
It's a bifurcated market for debt, and it depends on what you interpret as "demand" for debt. Practically everyone now gets to live as if debt doesn't matter because there is currently no penalty for racking up debt. There will be no penalty until the debt market implodes. Debt has few consequences when interest rates are zero, but I suspect that will change when working people get tired of paying for other peoples' excess.
In contrast, the fact that auto and home insurance are mandated by the state and by mortgage companies who are then subsidized by the government with special tax carve-outs for the insurance industry doesn't translate into "demand" for insurance. Obamacare is one more odious example of the insurance industry making taxpayers into mules for their business model. That doesn't translate into "demand" either.
This cozy arrangement works as another wealth transfer from the tax-paying working segments of society to further subsidize the debtor segments. Governmental social engineering via subsidies to people who can't pay for mortgages but who obtain them anyway knowing that taxpayers will ultimately bail them out only serves to undermine the economy and allows low-life politicians to buy cheap votes with demagogue rhetoric.
"Demand" for debt is created by artificially-low interest rates. "Demand" for insurance isn't demand just because it's mandated or because the penalty for not having it is greater. It's either/or but not both. You pick.
I knew it would happen.
according to the Washington Post.
https://www.washingtonpost.com/world/young-greek-women-selling-sex-for-the-price-of-a-sandwich-new-study-shows/2015/11/27/c469695e-94d9-11e5-b5e4-279b4501e8a6_story.html?hpid=hp_hp-more-top-stories_greece-815am:homepage/story
Another article, in The Economist, notes the same thing.
http://www.economist.com/node/21611074?cid1=d/dsp/Outbrain/dyn/21611074/20150520-00:00am/paid/display-LA/BR-LC/BRPII/none/subs/US/BR-MIT
Why don't people get upset about these 20% overnight jumps for no real reason. If milk went up 20% overnight for no real reason, would that P you off?
Knowledge is the enemy of fear
Dang, video games for the home have come a long way from the one I got when I was their age, which played pong, a simple driving game, and a simple shooting game on our old black and white TV
Adjusted for inflation, they cost about the same, and this new one is way way way (insert about a thousand more "way"s here) better.
Liberty: Parent of Science & Industry
You can read it as demand for debt, but again you would be wrong. Even folks who have fully paid for auto and homes buy insurance.
But that packed restaurants surely reinforces your "horrible" economy mantra. Lol
record sub-prime auto debt tells the demand story. Wife and I find it cheaper to eat out (with coupons) than to shop at Publix.
Not really. If the percentage of subprime remains constant yet the overall volume of car sales hits record highs then of course subprime will hit highs. That is no indication of a lousy economy.
Maybe you should try the $5 spaghetti dinners on Saturday at your local church.
Knowledge is the enemy of fear
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Your benefit will stay the same in 2016. We review Social Security benefits each year to make sure they keep up with the cost of living. The law does not permit an increase in benefits when there is no increase in the cost of living. There was no increase in the cost of living during the past year based on the Consumer Price Index (CPI) published by the Department of Labor. The CPI is the Federal government's official measure used to calculate cost of living increases. So, there will be no change in your benefit in 2016.
So there you have it.
No additional gouging of you young'uns this year.
Here's a warning parable for coin collectors...
It's pizza, and only $4.
$4 "coupon" pizza for dinner.....hmmmmm
Gas is $1.9x/gallon. Got down to $1.88 a few weeks ago.
Shelled corn is $30-35 per 55gal barrel. We've been fattening the deer (and squirrels) up around our house good this year.
Restaurants are packed just about every night. You don't even want to go after 7 on weekends.
Too many positive BST transactions with too many members to list.
Knowledge is the enemy of fear
If you're not a protected species, you're in trouble. Anybody saved that promised $2,500 on obamacare yet? Well, I suppose that if you have a special plan that was exempted or a special provision that was "postponed", you're doing alright.
I knew it would happen.
Have any taxes gone down? If they haven't, the result is a disproportionately higher allocation to gov.com, but that's the basic design. And yet, the debt just got bumped to what, $21 trillion?
If you're not a protected species, you're in trouble. Anybody saved that promised $2,500 on obamacare yet? Well, I suppose that if you have a special plan that was exempted or a special provision that was "postponed", you're doing alright.
sound like comrade need 2 go to re-educashen camp, no?
CR
there's prolly a quota for that, see'ya there!
I knew it would happen.
Knowledge is the enemy of fear
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Knowledge is the enemy of fear
the Value is in the transformation, and that costs money (in the form of plant and equipment, time, energy, knowledge, skill, etc)
OMG, does a bushel of corn cost less per ounce than a box of corn flakes? Does raw cotton cost less than a dress shirt? Does raw coffee cost less per gram than a Starbucks?
Liberty: Parent of Science & Industry
http://www.marke*****ch.com/story/americans-are-paying-less-for-groceries-amid-global-glut-of-crops-2016-04-14
Knowledge is the enemy of fear
americans-are-paying-less-for-groceries-amid-global-glut-of-crops-2016-04-14
and it came up fine.
jmski has no interest in relocating to either. Reagan expressed it best - if we lose freedom here, there is no other place. You can see just how well Belgium is doing with their EU policies on money & immigration.
Relevance to the OP, your comment doesn't address the fact that taxes have increased.
I knew it would happen.
Jmski wish he live in Belgium or Bahrain? One has highest tax rates and the other no tax.
jmski has no interest in relocating to either. Reagan expressed it best - if we lose freedom here, there is no other place. You can see just how well Belgium is doing with their EU policies on money & immigration.
Relevance to the OP, your comment doesn't address the fact that taxes have increased.
I suspect that there are people doing just fine in Belgium and Bahrain, and others not doing so well, as a result of the intersection of their personal luck of circumstances, environment, and individual effort and decisions. Hey, just like here in United States and America! Is Nice!
Liberty: Parent of Science & Industry
next, pork producers increased supply to profit more from high prices
now, glut in pork supply resulting in decreased prices.
wonder what pork producers will do next?
consumers keep buying bacon though. Yum!
Liberty: Parent of Science & Industry
maybe that's for dinner tonight or tomorrow's lunch
prices on the good stuff not coming down.
However,,on the whole, I do expect a stronger overall inflation than we've experienced over the past 5 years.
Knowledge is the enemy of fear
I gots the bacon
maybe that's for dinner tonight or tomorrow's lunch
prices on the good stuff not coming down.
about to have a couple rashers myself.
ah, the ole "good stuff" argument! Yes, the good stuff of every description and category keeps going up. Discerning shoppers "demand" it!
Almonds were also discussed earlier.
Almonds are currently down in price on increased supply. Except, of course, for the "best brand", which is higher.
Liberty: Parent of Science & Industry
Menomonee Falls Wisconsin USA
http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
I gots the bacon
maybe that's for dinner tonight or tomorrow's lunch
prices on the good stuff not coming down.
about to have a couple rashers myself.
ah, the ole "good stuff" argument! Yes, the good stuff of every description and category keeps going up. Discerning shoppers "demand" it!
Almonds were also discussed earlier.
Almonds are currently down in price on increased supply. Except, of course, for the "best brand", which is higher.
A futures market can solve low (or high) prices in any market.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
I gots the bacon
maybe that's for dinner tonight or tomorrow's lunch
prices on the good stuff not coming down.
about to have a couple rashers myself.
ah, the ole "good stuff" argument! Yes, the good stuff of every description and category keeps going up. Discerning shoppers "demand" it!
Almonds were also discussed earlier.
Almonds are currently down in price on increased supply. Except, of course, for the "best brand", which is higher.
A futures market can solve low (or high) prices in any market.
Indeed. It would provide accurate price discovery.
Knowledge is the enemy of fear
Oil is now cheaper than water, milk, soda and coffee:
PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL!
LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL!
PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL!
LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL!
PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL!
LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL!
PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL!
LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL! LOL!
I gots the bacon
maybe that's for dinner tonight or tomorrow's lunch
prices on the good stuff not coming down.
about to have a couple rashers myself.
ah, the ole "good stuff" argument! Yes, the good stuff of every description and category keeps going up. Discerning shoppers "demand" it!
Almonds were also discussed earlier.
Almonds are currently down in price on increased supply. Except, of course, for the "best brand", which is higher.
A futures market can solve low (or high) prices in any market.
Indeed. It would provide accurate price discovery.
I'm not taking sides!
Well played,
I gots the bacon
maybe that's for dinner tonight or tomorrow's lunch
prices on the good stuff not coming down.
about to have a couple rashers myself.
ah, the ole "good stuff" argument! Yes, the good stuff of every description and category keeps going up. Discerning shoppers "demand" it!
Almonds were also discussed earlier.
Almonds are currently down in price on increased supply. Except, of course, for the "best brand", which is higher.
argument?
It was a simple inflation report observation.
I'm going to be impartial and show the pork belly cash chart with a nod to derryb this time.
I curse Oscar Meyer.
Note that while pay has increased 42% since 2000, real median income (when adjusted for inflation) has been stagnate. Inflation destroyed pay increases.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Nice chart. But it should start in the summer of 2011.
(and go ahead and add in the metals prices starting at that date too)
<wink
Or, for an even longer look, start it in 1980.
Starting charts in the year 2000 frames that "great" recession nicely though, doesn't it?
Liberty: Parent of Science & Industry
start point is irrelevant. look at all those great years (lol) between 2000 and now. Recession was actually in 2001 and real income actually improved that year. I'll have to disagree with you - pay increases are meaningless if they get devoured by inflation.
Let's take a much longer look at what inflation has done for us (in red, recessions in grey):
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
pay increases are meaningless if they get devoured by inflation.
Ok, let's agree with that at face value.
So, therefore.... what?
Liberty: Parent of Science & Industry
Just because nominal income rises it does not mean that the population is doing better. With inflation, quality of life does not improve just because the paycheck does. It also means that the lowest income families suffer the most from inflation since they see the lowest income increases in the face of an across the board rise in prices. Inflation is blind to how it affects different income levels.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Well said, and I completely agree. Which is easy to do, since it's all kind of a tautology.
So to continue the conversation: Aaaand... what? Why are these facts important to state?
Liberty: Parent of Science & Industry