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| For those who had to deal with the 1970s inflation... (Page 2/4) |
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RWDPLZ
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OCT 14, 09:40 PM
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I'm not convinced hyperinflation is a certainty. There are too many artificial constraints on the economy at the moment creating shortages.
-People not working if they can live with their parents, trying to wait this insanity out
-People living off money they saved last year expecting another recession
-People not working because of vaccine mandates
-Shipping channels being backlogged due to the same
-Shipping costs at all-time highs due to shortages of shipping containers, see above
-People putting off moving into new homes for the most part until this insanity ends, creating artificial scarcity in housing supply
-Chip shortage, due to raw materials constraints, chip plants catching fire, labor shortages, etc. While chip companies have blamed automakers for using older chips (that are less profitable for them), Apple is also experiencing shortages using the latest-and-greatest chips.
If Biden were to announce tomorrow the crisis is over, and drop all mask and vaccine mandates, we would see most everything go back to mostly normal in a matter of months. But every government is absolutely LOVING exerting unprecedented levels of control and manipulation, and likely won't stop until forced to.
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maryjane
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OCT 14, 11:05 PM
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| quote | Originally posted by RWDPLZ:
If Biden were to announce tomorrow the crisis is over, and drop all mask and vaccine mandates, we would see most everything go back to mostly normal in a matter of months. But every government is absolutely LOVING exerting unprecedented levels of control and manipulation, and likely won't stop until forced to. |
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Emphasis on "matter of months' due to the container backlog on both coasts.
Working 24-7 is not going to have much impact either.
Too few trucks, too few drivers, too much demand on a system that really lacks a modernized rail shipping system, too many roads around the upper East Coast shipping ports where heavy trucks are not allowed.
https://live.fourkites.com/port-congestion
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2.5
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OCT 15, 09:16 AM
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2.5
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OCT 15, 09:49 AM
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What do you think of Milton Friedman's perspective, and his "graphical ilLUStrations" ?
Anybody have a graphical ilLUStration for our current time?
11 minutes, quite short by most peoples standards. Easy to watch.[This message has been edited by 2.5 (edited 10-15-2021).]
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maryjane
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OCT 15, 12:19 PM
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| quote | Originally posted by williegoat:
This song is from the early '80s, but it has been on my mind a lot, lately.
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That was recorded and released in May 1982.
Reagan was in his 2nd year as US President, the Dems had a 243-192 majority in the House and the GOP had a 9 seat advantage in the Senate.
Merle was in the audience as a San Quentin prisoner when Johnny Cash sang folsom prison blues. Reagan (then Calif gov) later gave him a full pardon.[This message has been edited by maryjane (edited 10-15-2021).]
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sourmash
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OCT 15, 12:43 PM
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| quote | [B]Originally posted by williegoat:
I have about 100 rolls of TP stashed away.
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Lol!
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williegoat
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OCT 15, 01:15 PM
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| quote | Originally posted by maryjane:
That was recorded and released in May 1982.
Reagan was in his 2nd year as US President, the Dems had a 243-192 majority in the House and the GOP had a 9 seat advantage in the Senate.
Merle was in the audience as a San Quentin prisoner when Johnny Cash sang folsom prison blues. Reagan (then Calif gov) later gave him a full pardon.
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Merle Haggard of that era will always remind me of a little dive up on Cave Creek road and a bartender named Joni. One night she popped "Someday When Things Are Good" on the juke box then told me her husband was out of town...
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maryjane
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OCT 15, 01:22 PM
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The Goat, gettin down and dirty....
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MidEngineManiac
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OCT 15, 02:03 PM
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No matter how ya juggle it, this house of credit-cards is coming down hard pretty soon, in a big stinkin pile.
I went and looked (all I am gonna do) at a new Ram the other day, $119,700 for a pick-me-up truck. Payments would run on finance about $1800. Insurance another $500 (the "old reliable" ford runs 100 bucks and has a "scap" blue-book value). That's before you gas it up 4 times a month at least. Another 500. Plus minor repairs, washes, washer fluid, whatever. Pretty close to 3k a month to be tooling around in a Ram.
Average house, 400k. about 2k/mo plus taxes ($300 or so), insurance, (100) gas/power (300 if you are lucky) maintance ( a couple hundred). Ya need another 3k/mo.
You haven't eaten yet. Me and Kim spend about $100-125 give-or-take a week for 2 of us. Call it $500 with the odd pizza delivered.
So, you got new wheels, a roof and a full belly. For $6,500/mo. DONT forget aggregate tax-rate is about 50%, so you need to be making 13k/month (81 bucks an hour).....and you still don't have any clothes, a phone, pet food, medical expenses or even Butt Tickets to take a crap. Never mind a vacation to get away from the **** -show. Make it an even $100/hr to cover all the extras and live a "normal middle-class life".
The average "job" is advertising 15-17/hr. Very few are topping 20 in the job listings.
Yeh, THIS circus juggling-act set-up is really going to last.
THEN for all those defaulting, not paying, or taking advantage of $900-its-not-shoplifiting-theroies, SOMEBODY has to cover the costs which means YOU are because prices just went up to make up for the losses. The store didn't -pay for that "free" $887 load of stuff, you did with your $20/lb steak and $1/pound potatoes.
The REASON people dont want to "work" and are freelancing or gigging instead ? That stuff gets a lot closer to that $100/hr than a "job" does, and will last until everybody has quit and gone gigging, is charging lawyer rates, and going bankrupt because nobody is paying lawyer rates for stuff they can do themselves.[This message has been edited by MidEngineManiac (edited 10-15-2021).]
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sourmash
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OCT 15, 03:04 PM
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| quote | Originally posted by williegoat:
Merle Haggard of that era will always remind me of a little dive up on Cave Creek road and a bartender named Joni. One night she popped "Someday When Things Are Good" on the juke box then told me her husband was out of town... |
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And you declined because she was married, right?
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