While Democrats, the UniParty really, and Wall Street again reveal their plan - a 100% wide open southern border allowing in 7 Million unvetted, low-skilled illegal immigrants in 3 years. Tens of thousands of whom are violent cartel members, including drug, child, and human traffickers.

This is clearly a plan. Wall Street wants more compliant minimum wage workers for their planned service economy. More stack and pack housing. Which aligns with WEF and UN policies, and the elites reap the rewards.

movielover said:

---

While Democrats, the UniParty really, and Wall Street again reveal their plan - a 100% wide open southern border allowing in 7 Million unvetted, low-skilled illegal immigrants in 3 years. Tens of thousands of whom are violent cartel members, including drug, child, and human traffickers.

This is clearly a plan. Wall Street wants more compliant minimum wage workers for their planned service economy. More stack and pack housing. Which aligns with WEF and UN policies, and the elites reap the rewards.

---

Interesting that you blame Democrats for this as if somehow Republican elites are in opposition to Wall Street.

dimitrig said:

---

movielover said:

---

While Democrats, the UniParty really, and Wall Street again reveal their plan - a 100% wide open southern border allowing in 7 Million unvetted, low-skilled illegal immigrants in 3 years. Tens of thousands of whom are violent cartel members, including drug, child, and human traffickers.

This is clearly a plan. Wall Street wants more compliant minimum wage workers for their planned service economy. More stack and pack housing. Which aligns with WEF and UN policies, and the elites reap the rewards.

---

Interesting that you blame Democrats for this as if somehow Republican elites are in opposition to Wall Street.

---

With him it's mostly Qanon/conspiracy theory/Tucker Carlson buzzword bingo. He posts the same fever dream of disconnected thoughts regularly regardless of the subject matter. I tend to think of it as more of a verbal tick than some indication of thoughtful attempt to engage in dialogue.

dimitrig said:

---

movielover said:

---

While Democrats, the UniParty really, and Wall Street again reveal their plan - a 100% wide open southern border allowing in 7 Million unvetted, low-skilled illegal immigrants in 3 years. Tens of thousands of whom are violent cartel members, including drug, child, and human traffickers.

This is clearly a plan. Wall Street wants more compliant minimum wage workers for their planned service economy. More stack and pack housing. Which aligns with WEF and UN policies, and the elites reap the rewards.

---

Interesting that you blame Democrats for this as if somehow Republican elites are in opposition to Wall Street.

---

Yeah, he's just terribly dumb.

Literally sticks his foot in his mouth every time he posts.
That's why I have him on IGNORE.

Well, based on where this thread has veered off to, seems inflation is resolved

dimitrig said:

---

movielover said:

---

While Democrats, the UniParty really, and Wall Street again reveal their plan - a 100% wide open southern border allowing in 7 Million unvetted, low-skilled illegal immigrants in 3 years. Tens of thousands of whom are violent cartel members, including drug, child, and human traffickers.

This is clearly a plan. Wall Street wants more compliant minimum wage workers for their planned service economy. More stack and pack housing. Which aligns with WEF and UN policies, and the elites reap the rewards.

---

Interesting that you blame Democrats for this as if somehow Republican elites are in opposition to Wall Street.

---

Didn't you read "UniParty"? Its there for us all to see.

Millions of low-skilled workers = bigger Wall Street profits = all greased by $$$ to politicians of BOTH stripes. (Lobbyists.) We have the worst Congress money can buy. Congress no longer writes bills; and they haven't passed a Budget in 12 years? But they love wars and Trillions more in debt. That's why they hated a Populist President.

Sorry, no Qanon here.

More adolescent name-calling by Diablo.

movielover said:

---

dimitrig said:

---

movielover said:

---

While Democrats, the UniParty really, and Wall Street again reveal their plan - a 100% wide open southern border allowing in 7 Million unvetted, low-skilled illegal immigrants in 3 years. Tens of thousands of whom are violent cartel members, including drug, child, and human traffickers.

This is clearly a plan. Wall Street wants more compliant minimum wage workers for their planned service economy. More stack and pack housing. Which aligns with WEF and UN policies, and the elites reap the rewards.

---

Interesting that you blame Democrats for this as if somehow Republican elites are in opposition to Wall Street.

---

Didn't you read "UniParty"? Its there for us all to see.

Millions of low-skilled workers = bigger Wall Street profits = all greased by $$$ to politicians of BOTH stripes. (Lobbyists.) We have the worst Congress money can buy. Congress no longer writes bills; and they haven't passed a Budget in 12 years? But they love wars and Trillions more in debt. That's why they hated a Populist President.

Sorry, no Qanon here.

More adolescent name-calling by Diablo.

---

You said "Democrats", "UniParty", and "Wall Street."

The one word you did not use was "Republicans."

"UniParty" encompasses all the professional politicians bought and paid for.

Unmet Demand for s/w Developers?

"Nearly 80,000 Indian IT professionals on H-1B and L1 visas now jobless scrambling for options to stay in the US"

movielover said:

---

"UniParty" encompasses all the professional politicians bought and paid for.

---

So why did you call out the Democrats?

The all-important PCE comes out tomorrow (Friday).
This is what the Fed watches.
Not CPI.

Expectations are for the Fed's favorite rate of inflation (without food and energy) is for a reading of 4.4% vs a November reading of 4.7% YoY.

DiabloWags said:

---

The all-important PCE comes out tomorrow (Friday).
This is what the Fed watches.
Not CPI.

Expectations are for the Fed's favorite rate of inflation (without food and energy) is for a reading of 4.4% vs a November reading of 4.7% YoY.

---

Pretty good economic news today. Obviously a lot of nutjobs are disappointed since they're hoping for a recession to have a chance at winning the white house.


Q4 GDP came in above expectations at 2.9%. Inflation is clearly waning. The labor market is still fairly strong despite the high-profile tech layoffs (many of which were overseas, but which never gets covered in the doomsday reports).

Goldman says there won't be a recession unless we cause one through a debt default. The debt default notion is maddening. I subscribe to the argument that the debt ceiling is mythical and that it's time for the Democrats to step up and make that clear instead of letting the GOP weaponize it. The Democrats have decided it hurts the GOP (which it does) but the very notion of allowing them to grandstand on a fake limit is bad for our country. Time for it to end.

Here's a good article that discusses why the constitution demands that the debt ceiling doesn't actually exist.

Quote:

---

At least three and in fact probably four such canons, I think, offer straightforward legal means by which President Biden and Treasury Secretary Yellen can simply ignore a stunt that's now brewing in Congress. I refer to the latest Republican attempt at terrorist bargaining over a putative U.S. 'debt ceiling.' Biden and Yellen, I claim, can simply ignore the would-be hostage-taker this time, leaving the ball in their 'court' to hail Treasury into our Courts and then watch the Supreme Court annul it. Unless President Biden actually wants House Republicans to pretend to 'take us to the brink,' then letting them thereby commit political suicide as their predecessors did back in 1995, 2011, and 2013 he should simply announce that the 'debt ceiling' just 'isn't a thing' and instruct Janet Yellen to disregard it.

...

[discussion of why the debt ceiling isn't real]

...

If President Biden, like Presidents Clinton and Obama before him, wishes to give would-be financial hostage-takers in Congress more rope to hang themselves with, he can of course play up the present pseudo-conflict, say that he 'will not negotiate with terrorists' or 'cut Social Security or national defense,' thank them for the de facto line item veto they've unconstitutionally conferred on him in the form of Secretary Yellen's 'extraordinary measures,' and enjoy yet another public backlash against Republican House clown-shows.

If, on the other hand, the President decides that it is long since time to pull the plug on this farce so the nation can address real problems, he should simply inform Congressional Republicans that there is no debt ceiling apart from the budget that they themselves have enacted, then watch them either drop their latest hijack attempt or sue him and be told the same thing by the courts.

---

Unit2Sucks said:

---

DiabloWags said:

---

The all-important PCE comes out tomorrow (Friday).
This is what the Fed watches.
Not CPI.

Expectations are for the Fed's favorite rate of inflation (without food and energy) is for a reading of 4.4% vs a November reading of 4.7% YoY.

---

Pretty good economic news today. Obviously a lot of nutjobs are disappointed since they're hoping for a recession to have a chance at winning the white house.


Q4 GDP came in above expectations at 2.9%. Inflation is clearly waning. The labor market is still fairly strong despite the high-profile tech layoffs (many of which were overseas, but which never gets covered in the doomsday reports).

---

You can track the real-time GDP forecast via the Atlanta Fed's GDPNow.

Their estimate for Q4 was 3.5% as of January 20th, using all economic data that gets announced.

GDPNow - Federal Reserve Bank of Atlanta (atlantafed.org)

DiabloWags said:

---

Unit2Sucks said:

---

DiabloWags said:

---

The all-important PCE comes out tomorrow (Friday).
This is what the Fed watches.
Not CPI.

Expectations are for the Fed's favorite rate of inflation (without food and energy) is for a reading of 4.4% vs a November reading of 4.7% YoY.

---

Pretty good economic news today. Obviously a lot of nutjobs are disappointed since they're hoping for a recession to have a chance at winning the white house.


Q4 GDP came in above expectations at 2.9%. Inflation is clearly waning. The labor market is still fairly strong despite the high-profile tech layoffs (many of which were overseas, but which never gets covered in the doomsday reports).

---

You can track the real-time GDP forecast via the Atlanta Fed's GDPNow.

Their estimate for Q4 was 3.5% as of January 20th, using all economic data that gets announced.

GDPNow - Federal Reserve Bank of Atlanta (atlantafed.org)

---

Yup. Interesting stuff but pretty noisy signal over the past few months. Not sure how helpful it is when if fluctuates so much on a week to week basis.

Unit2Sucks said:

---

DiabloWags said:

---

You can track the real-time GDP forecast via the Atlanta Fed's GDPNow.

Their estimate for Q4 was 3.5% as of January 20th, using all economic data that gets announced.

GDPNow - Federal Reserve Bank of Atlanta (atlantafed.org)

---

Yup. Interesting stuff but pretty noisy signal over the past few months. Not sure how helpful it is when if fluctuates so much on a week to week basis.

---

It's expected to be volatile given that it's a REAL TIME reading using each economic data announcement as input.

What's interesting to note is how the forecast by the Blue Chip Economists remain rather tepid and bearish compared to actual output. They continue to expect a Recession.

The December PCE comes in at 4.4%

The PCE price index (of goods and services) rose 0.1% for the month, higher than the unchanged expectation.

The annual inflation rate eased to 5% from 5.5%, in line with estimates.
Core PCE prices rose 0.3%, as the core inflation rate fell to 4.4% from 4.7%; both matched estimates.

Intel shares plunged 10% after the company reported Q4 that missed estimates and guided much lower than expected for the current quarter.

When GOOGLE is in your backyard...

NAT GAS FUTURES DOWN 74% since August 2022.

$2.51

DiabloWags said:

---

NAT GAS FUTURES DOWN 74% since August 2022.

$2.51

---

Yup, but many who I know in SoCal had 3+ times the bills last month. Something with the pipeline being plugged or some such. I mean $85 to $290, or $195 to $480.....A bit much.

DiabloWags said:

---

When GOOGLE is in your backyard...

---

….but will it save the lives of a family of 4 and preserve the perp for an attempt murder trial x 3 after driving off a 250 foot cliff?

Elon says, "No, Sir, IT WILL NOT!"

*…but then again it won't turn you into a Post Toastie on the side of a California freeway.

OdontoBear66 said:

---

DiabloWags said:

---

NAT GAS FUTURES DOWN 74% since August 2022.

$2.51

---

Yup, but many who I know in SoCal had 3+ times the bills last month. Something with the pipeline being plugged or some such. I mean $85 to $290, or $195 to $480.....A bit much.

---

Green New Deal / Build Back Better / WEF.

The Porsche Sport Classic has been sold.
Only 1250 were produced.

OdontoBear66 said:

---

DiabloWags said:

---

NAT GAS FUTURES DOWN 74% since August 2022.

$2.51

---

Yup, but many who I know in SoCal had 3+ times the bills last month. Something with the pipeline being plugged or some such. I mean $85 to $290, or $195 to $480.....A bit much.

---

Higher NG prices because . . .

1.) Lack of hydroelectric power being exported from Washington State to CA because of a drier winter in WA (so they kept the electricity they generated to themselves)

2.) Shoddy maintenance on of a Kinder Morgan NG Pipeline out of the Permian Basin that supplies the Arizona and Southern California markets produced a deadly explosion in the Arizona desert in August 2021, killing two people. The "El Paso Line 2000" is expected to resume full operations shortly after repairs will be completed by the end of this month.

3.) The California PUC just announced that their annual gas and electric credits which are typically made in April will be made to consumers as soon as possible.

4.) San Diego Gas & Electric just announced a 67.8% price drop for NG for February.

bearister said:

---

DiabloWags said:

---

When GOOGLE is in your backyard...

---

….but will it save the lives of a family of 4 and preserve the perp for an attempt murder trial x 3 after driving off a 250 foot cliff?

Elon says, "No, Sir, IT WILL NOT!"

*…but then again it won't turn you into a Post Toastie on the side of a California freeway.

---

That guy would have been better off if he had died.

concordtom said:

---

going4roses said:

---

People need to stop talking about a $15 minimum wage, and go back to democratizing power in a way that'll end with $40 an hour wages.

---

US wages are extremely high compared to rest of world.
Since we live in a world where most everything is transportable (investment capital, raw materials, finished goods), the US must compete with rest of world wages.

Your $40/hr proposal would only kill the US economy and send even more economic activity elsewhere.

For this reason, I'm against even a $15/hr minimum wage.
US wages need to go DOWN, not up.
This is how China is winning the game, long term.
Min wages are short-term gains, short-sighted.

Well, that's one opinion on the matter.

---

The only reason why US wages are "extremely high" is that the US Cost of Living is "extremely high".

Q: Where do people get the $$$ to purchase goods & services?

A: By selling their Labor. Most Consumer Spending comes from the Wages & Salaries of Workers.

When wages go down, and Worker/Customers have less $$$ & less time to spend it, what do you think happens to the revenues of businesses??

Again, this is like the farmer who decides to use less fertilizer so he can be more profitable. He thinks that by spending less on fertilizer -- with everything else remaining the same -- that he'll be better off.

The problem is that using less fertilizer means lower crop yields, and less revenue. So he says to himself, "I have to cut my fertilizer usage even more!"

In economics, this is a phenomenon known as the "Race to the Bottom," and we've been doing it for the last 40+ years. What on Earth convinced you that this was "good for the economy??" Good for you, maybe, if you make your $$ from OPL (Other Peoples' Labor), but certainly NOT good for the economy!

cbbass1 said:

---

concordtom said:

---

going4roses said:

---

People need to stop talking about a $15 minimum wage, and go back to democratizing power in a way that'll end with $40 an hour wages.

---

US wages are extremely high compared to rest of world.
Since we live in a world where most everything is transportable (investment capital, raw materials, finished goods), the US must compete with rest of world wages.

Your $40/hr proposal would only kill the US economy and send even more economic activity elsewhere.

For this reason, I'm against even a $15/hr minimum wage.
US wages need to go DOWN, not up.
This is how China is winning the game, long term.
Min wages are short-term gains, short-sighted.

Well, that's one opinion on the matter.

---

The only reason why US wages are "extremely high" is that the US Cost of Living is "extremely high".

Q: Where do people get the $$$ to purchase goods & services?

A: By selling their Labor. Most Consumer Spending comes from the Wages & Salaries of Workers.

When wages go down, and Worker/Customers have less $$$ & less time to spend it, what do you think happens to the revenues of businesses??

Again, this is like the farmer who decides to use less fertilizer so he can be more profitable. He thinks that by spending less on fertilizer -- with everything else remaining the same -- that he'll be better off.

The problem is that using less fertilizer means lower crop yields, and less revenue. So he says to himself, "I have to cut my fertilizer usage even more!"

In economics, this is a phenomenon known as the "Race to the Bottom," and we've been doing it for the last 40+ years. What on Earth convinced you that this was "good for the economy??" Good for you, maybe, if you make your $$ from OPL (Other Peoples' Labor), but certainly NOT good for the economy!

---

I guess it all has to do with Productivity and Competitive Advantage.

If said farmer can produce more better stuff such that he can sell $100/hr, great! But simply mandating he pay his assistants $40 when the marketplace only merits $10… that's what I was railing against. He'll go bankrupt fast.

And that's what we've seen. Minimum wage laws put some businesses out on the street, closed.

Some young people and the uneducated who have never taken an economic course seem to think you can just mandate wages. $10 per hour, $15, $20, $40…. Why not $100?!?!
There are many jobs and many workers who don't merit that. Teens, for instance. They are lucky to get job experience plus $5.
Min wage laws distort supply and demand curves, lead to market inefficiencies.

If you are talking about a scenario where US productivity merits higher wages, I'm all in agreement with you.

I put the issue to the language AI bot, ChatGPT.
The sentence I have put in italics is something I believe is completely backwards!
Otherwise, interesting toy.


Discuss market inefficiency created by minimum wage laws

Minimum wage laws create market inefficiency by potentially setting a wage rate above the market-clearing level, causing surplus labor or unemployment. This occurs because at the legally mandated wage, the quantity of labor that firms demand falls short of the quantity of labor that workers are willing to supply. As a result, some workers who would have been employed at a lower wage rate are left without a job. This surplus of labor is referred to as "structural unemployment" and results in a misallocation of resources in the economy. The inefficiency is greater in industries and regions where the cost of labor is a larger proportion of total production costs and where the demand for labor is more elastic.


Do some employers shut down because they can't afford to pay minimum wage?

Yes, it is possible for some employers to shut down due to the increased labor costs associated with minimum wage laws. When the minimum wage is set above the market-clearing level, the cost of labor for some firms increases, which can lead to a reduction in profit margins. This is especially true for small businesses and firms operating in low-margin industries. The increased labor costs may make it difficult for these firms to remain competitive, which could lead to layoffs, reduced hours, or even business closures. On the other hand, some firms may respond to the increased labor costs by implementing cost-saving measures, such as automation or offshoring, to maintain profitability. The overall impact of minimum wage laws on businesses and employment is a subject of ongoing economic debate.


What are the implications for international trade?

The implications of minimum wage laws for international trade can be complex and multifaceted. Some of the key ways in which minimum wage laws can affect international trade include:

Comparative advantage: Minimum wage laws can make it more difficult for countries with lower labor costs to compete in industries where labor is a significant component of production costs. This can reduce their comparative advantage in these industries and lead to a decrease in exports.
Outsourcing: Minimum wage laws can also lead to outsourcing, as firms seek to lower their labor costs by moving production to countries with lower wage rates. This can reduce domestic employment and hurt local economies.
Trade negotiations: Minimum wage laws can become a contentious issue in international trade negotiations, particularly when countries with higher minimum wages seek to protect their workers from competition with low-wage countries.
Labor standards: Minimum wage laws can also have implications for international labor standards, as countries with lower minimum wages may be criticized for not providing adequate protection to workers.
In summary, minimum wage laws can have both positive and negative impacts on international trade, and the specific implications will depend on the particular country and industry in question.


Does it cause inflation?

Minimum wage laws can potentially contribute to inflation, but the impact on inflation depends on a variety of factors.

Labor market conditions: If the labor market is tight and workers are in high demand, then a minimum wage increase may lead to higher inflation as firms pass on the increased labor costs to consumers in the form of higher prices. However, if the labor market is slack and there is surplus labor, then firms may absorb the increased labor costs without raising prices.
Pass-through to prices: The extent to which minimum wage increases are passed on to consumers in the form of higher prices will depend on the competitiveness of the market, the degree of monopolistic power of firms, and the ability of firms to offset the increased labor costs through productivity gains or cost savings.
Other factors: Inflation is a complex phenomenon that is influenced by a variety of factors, including monetary policy, supply-side shocks, and consumer and business expectations. The impact of minimum wage laws on inflation will depend on the interaction between these factors.
In conclusion, while minimum wage laws can potentially contribute to inflation, the magnitude and direction of this impact will depend on a variety of factors and can be difficult to predict.

concordtom said:

---

cbbass1 said:

---

concordtom said:

---

going4roses said:

---

People need to stop talking about a $15 minimum wage, and go back to democratizing power in a way that'll end with $40 an hour wages.

---

US wages are extremely high compared to rest of world.
Since we live in a world where most everything is transportable (investment capital, raw materials, finished goods), the US must compete with rest of world wages.

Your $40/hr proposal would only kill the US economy and send even more economic activity elsewhere.

For this reason, I'm against even a $15/hr minimum wage.
US wages need to go DOWN, not up.
This is how China is winning the game, long term.
Min wages are short-term gains, short-sighted.

Well, that's one opinion on the matter.

---

The only reason why US wages are "extremely high" is that the US Cost of Living is "extremely high".

Q: Where do people get the $$$ to purchase goods & services?

A: By selling their Labor. Most Consumer Spending comes from the Wages & Salaries of Workers.

When wages go down, and Worker/Customers have less $$$ & less time to spend it, what do you think happens to the revenues of businesses??

Again, this is like the farmer who decides to use less fertilizer so he can be more profitable. He thinks that by spending less on fertilizer -- with everything else remaining the same -- that he'll be better off.

The problem is that using less fertilizer means lower crop yields, and less revenue. So he says to himself, "I have to cut my fertilizer usage even more!"

In economics, this is a phenomenon known as the "Race to the Bottom," and we've been doing it for the last 40+ years. What on Earth convinced you that this was "good for the economy??" Good for you, maybe, if you make your $$ from OPL (Other Peoples' Labor), but certainly NOT good for the economy!

---

I guess it all has to do with Productivity and Competitive Advantage.

If said farmer can produce more better stuff such that he can sell $100/hr, great! But simply mandating he pay his assistants $40 when the marketplace only merits $10… that's what I was railing against. He'll go bankrupt fast.

And that's what we've seen. Minimum wage laws put some businesses out on the street, closed.

Some young people and the uneducated who have never taken an economic course seem to think you can just mandate wages. $10 per hour, $15, $20, $40…. Why not $100?!?!
There are many jobs and many workers who don't merit that. Teens, for instance. They are lucky to get job experience plus $5.
Min wage laws distort supply and demand curves, lead to market inefficiencies.

If you are talking about a scenario where US productivity merits higher wages, I'm all in agreement with you.

---

There isn't evidence to support what you are saying. Reasonable minimum wages are good for the economy because it boosts demand and puts money into the hands of people who recycle it right back into the local economy.

100 pizza places may be impacted by a minimum wage hike. 1 of them may go out of business (likely the worst one) and meanwhile the remaining 99 pizza places get more than enough additional revenue from consumers having more money to offset the higher costs and hire additional employees to offset jobs lost. More pizza places will then likely be opened.

My state of New Jersey is a great example. High tax New Jersey seems to be one of the few states with thriving main streets in small NJ towns across the state. Small, family owned restaurants are literally overflowing with people. The prices are ridiculous and people keep going in. In 2019, Governor Murphy signed legislation gradually increasing the minimum wage from $8.85 / hour in 2018 to $15.00 / hour in 2024 (currently $14.13 / hour). New Jersey is booming. December 2022 unemployment rate was 3.4% - a full percentage point lower than it was in 2018.

In the current national economy that sucks as much money as possible into global conglomerates, reasonable minimum wage increases are the best thing you can do for your local economy. Keep that money in town.

Your argument would be more persuasive if served up with a slice.

It's no wonder we have inflation. Everyone is mandating minimum wages!!

It may be a short term boom but long term it may be a wash.

The evidence on my side? Just look at ALL the manufacturers who have shifted employment overseas.

USA will be left with a bunch of really expensive pizza shops.

China has manipulated the yuan exchange rate in a way that it has become the global industrial manufacturing base.
Short term, their people get artificially low incomes.
Long term, they control markets. Power.

USA and Europe selling out the future for present era gains.

concordtom said:

---

It's no wonder we have inflation. Everyone is mandating minimum wages!!

It may be a short term boom but long term it may be a wash.

The evidence on my side? Just look at ALL the manufacturers who have shifted employment overseas.

USA will be left with a bunch of really expensive pizza shops.

China has manipulated the yuan exchange rate in a way that it has become the global industrial manufacturing base.
Short term, their people get artificially low incomes.
Long term, they control markets. Power.

USA and Europe selling out the future for present era gains.

---

I would rather have our standard of living than China's.

The real culprit for our loss of manufacturing jobs was Reagan transforming our economy into a high debt, high dollar (finance friendly) economy. High debt means globally the dollar is bought to buy US Treasuries. This raises the price of the dollar. That makes U.S. manufacturing uncompetitive. If you want us to be more competitive globally, then raise taxes on the rich, nationalize our healthcare, get our debt under control, and let the dollar fall.

Stanford economist Dr. Thomas Sowell on the Differential Impact of the Minimum Wage

"Unemployment among 16 and 17-year-old black males was no higher than among white males of the same age in 1948. It was only after a series of minimum wage escalations began that black male teenage unemployment rates not only skyrocketed but became more than double the unemployment rates among white male teenagers."

Lessons from the Past

https://www.investors.com/politics/columnists/thomas-sowell-minimum-wage/

The Globalists want to export our manufacturing jobs and turn us into a service economy. One of the reasons why President Trump faced a headwind.

There is an argument that free markets no longer exist as global corporations are controlling everything, with one result being an exfiltration of wealth to poorer countries (we're they've already rigged the system). The WTO and IMF play a role routing Trillions of dollars.

Here's a byproduct of this system.

https://rumble.com/v2820m4-canadian-government-forces-dairy-farm-dump-30000l-of-milk-because-they-have.html

I've read the argument that lobbying in the food industry advocated for the expansion of EBT and SNAP benefits (state reimbursement rates). Multinational corporations then charge more domestically and export more of the product internationally. The same ag sector wants cheap labor (open border). The 'America First' Trump trade doctrine upset that multinational export/control dynamic. America First focused on bilateral trade deals, with trade agreements targeted toward individual nations (not national corporations).

There is the theory that this is part of the reason for our war with Russia.

On a related note, Dr. Jordan Peterson is setting up a council to add an alternative view to the Globalist WEF. He's proposed six focal points, including low-cost energy - which helps poor people stay warm and fed. (Global 'food inescurity' has skyrocketed with the Globalists "Green New Deal" / Build Back Better 'transition'.)

The January CPI will be announced tomorrow on Valentine's Day and it's expected to be up 0.5%

Down YoY but higher.

More data points this week.
Including Retail Sales and Housing Starts and Building Permits.

Had Housing been flat in Q4, the GDP would have actually been 4.2% instead of 2.9%

There have been several revisions upward in the CPI on previous months which shows that inflation had reaccelerated in the second half of 2022. As a result, yields have been rising since January 6th and Fed Funds Futures have increased to 4.98 from the 4.5

This report will include updated category weights and a methodology change.

I bought T-Bills today in the when-issued market where the 6-month bill was fetching 5.01%
Probably should have waited a day.

January Inflation Report 2023: CPI Set for Uneven Path With Costs Rising - Bloomberg

JAN RETAIL SALES +3.0%

A much bigger jump than the 1.8% expected.

A big rebound after two straight monthly declines, driven by purchases of motor vehicles and other goods.

Department Stores saw a 17.5% jump in sales in January!

DiabloWags said:

---

The January CPI will be announced tomorrow on Valentine's Day and it's expected to be up 0.5%

Down YoY but higher.

More data points this week.
Including Retail Sales and Housing Starts and Building Permits.

Had Housing been flat in Q4, the GDP would have actually been 4.2% instead of 2.9%

There have been several revisions upward in the CPI on previous months which shows that inflation had reaccelerated in the second half of 2022. As a result, yields have been rising since January 6th and Fed Funds Futures have increased to 4.98 from the 4.5

This report will include updated category weights and a methodology change.

I bought T-Bills today in the when-issued market where the 6-month bill was fetching 5.01%
Probably should have waited a day.

January Inflation Report 2023: CPI Set for Uneven Path With Costs Rising - Bloomberg

---

Nice work on the Tbills. "Perfection is the booby prize."

Green Energy pains: huge increases in energy prices leads to rationing of vegetables

I referenced this about a month ago when I spoke with a transgendered / crossdresser acquaintance who has family in Europe. Confirmation.

NFU head warns supermarkets could limit sale of British vegetables https://www.dailymail.co.uk/news/article-11776167/NFU-president-warns-supermarkets-limit-sale-tomatoes-potatoes-cucumber-broccoli.html?ito=native_share_article-nativemenubutton