1 minute ago, VanHammersly said:

Yeah, but Republicans promise not to do it next time.  For serious.

Hypocrisy is also a bipartisan virtue. Just look at all the crying and whining about the Bush or Trump tax cuts. Democrats love to scream about those exploding the deficit and only helping rich people. They don't mention:

1. The increase spending when they come back but barely raise taxes and just make the deficit worse

2. The tax cuts disproportionately benefit the lower and middle classes by making the system even more progressive (especially the Bush tax cuts)

SPOILER ALERT -- while the 2 parties have their lemming supporters fighting each other, they are united in taking us on a path to financial ruin. 

1 hour ago, Procus said:

They did.  You continue to bend over, lube and fellate.  You just proved my point.

Just curious, why would you bend over and lube to fellate ??

2 minutes ago, The_Omega said:

Except economic pain is being felt, and it's been accepted, rather than being hidden, by the administration.  Another big driver in this inflation is shortages being cause by a lack of workers, which is being caused by the government paying lower level workers not to work.  That's what's so ironic about this, is that Biden is shooting himself in the foot to force through their radical left wing agenda.

The enhanced unemployment is a debacle. The issues in the semi-conductor supply chain as well. 

The real issue is that the labor deflation game has run its course. We can't hide the truth any longer. 

1 minute ago, vikas83 said:

Hypocrisy is also a bipartisan virtue. Just look at all the crying and whining about the Bush or Trump tax cuts. Democrats love to scream about those exploding the deficit and only helping rich people. They don't mention:

1. The increase spending when they come back but barely raise taxes and just make the deficit worse

2. The tax cuts disproportionately benefit the lower and middle classes by making the system even more progressive (especially the Bush tax cuts)

SPOILER ALERT -- while the 2 parties have their lemming supporters fighting each other, they are united in taking us on a path to financial ruin. 

I don't argue with any of this.  The difference is at least Democrats at least don't constantly preach about deficit spending while spending us into oblivion.

2 minutes ago, downundermike said:

Just curious, why would you bend over and lube to fellate ??

I wouldn't, but the bend over and lube crowd could be gearing up for a threesome with the Big Guy and Hunter.

2 minutes ago, vikas83 said:

The enhanced unemployment is a debacle. The issues in the semi-conductor supply chain as well. 

 

Also issues in magnetic steel, copper, aluminum, epoxy resin components, the list goes on.  Much if it (though by no means all), is sitting in containers off our coasts waiting to get offloaded because there aren't enough workers at the ports. I've been selling to manufacturers for 25 years now, my partner for 35 years, and we've never seen anything like this.

6 minutes ago, Procus said:

I wouldn't, but the bend over and lube crowd could be gearing up for a threesome with the Big Guy and Hunter.

 What would BDS be without a Hunter mention? Well done.

5 minutes ago, Procus said:

On whose watch do we have this spike in inflation not seen in decades?

OK. Let's try and teach you something. 

1. The reason CPI is high on a year-over-year basis is because we are lapping the deflation from 2020 caused by the pandemic. See chart below. 

So as you can see, on a 2 year basis (i.e. comparing to 2019), the growth isn't that abnormal. 

2. This can be sign by looking at average prices, which are basically up with consistent norms since 2019

3. Newsflash -- nothing done by an administration in 8 months can spur massive inflation. Inflation expectations, as evidenced by treasury rates, remain inline with historical norms

 RINF, which is an ETF that measures inflation expectations as evidenced by 30 year TIPS

 

30 year yield

Conclusion -- stop talking about things you clearly don't understand.

5 minutes ago, The_Omega said:

Also issues in magnetic steel, copper, aluminum, epoxy resin components, the list goes on.  Much if it (though by no means all), is sitting in containers off our coasts waiting to get offloaded because there aren't enough workers at the ports. I've been selling to manufacturers for 25 years now, my partner for 35 years, and we've never seen anything like this.

The issues at the ports are crazy. It's not really the unemployment insurance on those jobs. It's that they cut a bunch of people during the pandemic, and you can't ramp up that quickly. The other big issue remains COVID -- one guy tests positive and everyone has to isolate. We actually do a lot with ports for one of our investments, and the issue has really been guys calling out with COVID.

7 minutes ago, vikas83 said:

The issues at the ports are crazy. It's not really the unemployment insurance on those jobs. It's that they cut a bunch of people during the pandemic, and you can't ramp up that quickly. The other big issue remains COVID -- one guy tests positive and everyone has to isolate. We actually do a lot with ports for one of our investments, and the issue has really been guys calling out with COVID.

 That's good info.  I'll toss that one out to look smart the next time one of our principals is complaining about the situation.

19 minutes ago, Paul852 said:

 What would BDS be without a Hunter mention? Well done.

Actually, BDS requires a Ben and Jerry's mention, but that's a whole different topic. 

Yah, the bootlickers here love themselves some Hunter!!

16 minutes ago, vikas83 said:

OK. Let's try and teach you something. 

1. The reason CPI is high on a year-over-year basis is because we are lapping the deflation from 2020 caused by the pandemic. See chart below. 

So as you can see, on a 2 year basis (i.e. comparing to 2019), the growth isn't that abnormal. 

2. This can be sign by looking at average prices, which are basically up with consistent norms since 2019

3. Newsflash -- nothing done by an administration in 8 months can spur massive inflation. Inflation expectations, as evidenced by treasury rates, remain inline with historical norms

 RINF, which is an ETF that measures inflation expectations as evidenced by 30 year TIPS

 

30 year yield

Conclusion -- stop talking about things you clearly don't understand.

You can pose all the charts you like my friend, but when you have incompetent people in charge, bad things happen.

The previous administration, with all of its warts, kept the supply lines open and would have mitigated this damage to a greater degree on the ground level.

"You can prove me wrong with facts all you want my friend, but in the fantasy I've created in my head, I'm the smart one!"

3 minutes ago, Procus said:

You can pose all the charts you like my friend, but when you have incompetent people in charge, bad things happen.

The previous administration, with all of its warts, kept the supply lines open and would have mitigated this damage to a greater degree on the ground level.

I love this place even more with this guy here.

3 minutes ago, Procus said:

You can pose all the charts you like my friend, but when you have incompetent people in charge, bad things happen.

The previous administration, with all of its warts, kept the supply lines open and would have mitigated this damage to a greater degree on the ground level.

These issues are 100% due to Covid and layoffs.  Has absolutely nothing to do with inflation.  I get letters weekly from suppliers in regards to shortages, and they are all lack of man power to produce materials and supply chain issues.  This has nothing to do with the current administration.

4 minutes ago, we_gotta_believe said:

"You can prove me wrong with facts all you want my friend, but in the fantasy I've created in my head, I'm the smart one!"

I'm surprised he didn't call them "fancy charts".

Here you go @Procus, here is the one I got Tuesday from an International electronics manufacturer.

 

13 minutes ago, Procus said:

You can pose all the charts you like my friend, but when you have incompetent people in charge, bad things happen.

The previous administration, with all of its warts, kept the supply lines open and would have mitigated this damage to a greater degree on the ground level.

Thanks for re-confirming your ignorance. 

Moving on.

End Social Security, massively reform Medicare (increase the age to obtain benefits by 5 years and allow for price negotiation), and stop fighting wars.

Problem solved.

Just now, mayanh8 said:

End Social Security, massively reform Medicare (increase the age to obtain benefits by 5 years and allow for price negotiation), and stop fighting wars.

Problem solved.

What are 3 things that will never happen because all politicians are spineless and only care about re-election?

Just now, vikas83 said:

What are 3 things that will never happen because all politicians are spineless and only care about re-election?

I am certain public sentiment in this country will eventually come around. I am also certain it will happen after irreparable damage has been done.

29 minutes ago, Procus said:

You can pose all the charts you like my friend, but when you have incompetent people in charge, bad things happen.

The previous administration, with all of its warts, kept the supply lines open and would have mitigated this damage to a greater degree on the ground level.

 

10 minutes ago, mayanh8 said:

 

Don't you have a satanic ritual to attend to?

40 minutes ago, downundermike said:

These issues are 100% due to Covid and layoffs.  Has absolutely nothing to do with inflation.  I get letters weekly from suppliers in regards to shortages, and they are all lack of man power to produce materials and supply chain issues.  This has nothing to do with the current administration.

Mike - you have to agree that to a large extent, policy affects labor shortages.  When people realize that they can take in more money staying home and collecting unemployment than by working, you help to create a labor shortage.

1 hour ago, downundermike said:

These issues are 100% due to Covid and layoffs.  Has absolutely nothing to do with inflation.  I get letters weekly from suppliers in regards to shortages, and they are all lack of man power to produce materials and supply chain issues.  This has nothing to do with the current administration.

Yes it does.  The shortages in certain steels, copper, aluminum, and insulating materials are directly related to the administrations subsidies for electric car manufacturers.  It has created an artificial demand that is straining the supply, and driving up the prices for everyone.