January 26, 20233 yr 2 hours ago, JohnSnowsHair said: Biden economic train cannot be stopped! [Insert screaming Republican foaming at the mouth here]
January 26, 20233 yr On 1/21/2023 at 7:35 AM, Tnt4philly said: Just in time, we are getting a 1/4 cow soon. oh, did you decide to start dating again?
January 26, 20233 yr 45 minutes ago, mr_hunt said: oh, did you decide to start dating again? If I were dating it would be game on, full cow only.
January 26, 20233 yr 3 minutes ago, Tnt4philly said: If I were dating it would be game on, full cow only. so .. you like em thicc?
February 3, 20233 yr Unemployment rate the lowest since the moon landing. Biden's just showing off at this point.
February 3, 20233 yr 23 minutes ago, VanHammersly said: My condolences to Republicans Don't worry. Republicans are doing everything they can to bring on a recession. Soon the U.S. will go into Default, and then the real catastrophe begins. They want to destroy the economy. Very American.
February 3, 20233 yr 1 minute ago, jsdarkstar said: Don't worry. Republicans are doing everything they can to bring on a recession. Soon the U.S. will go into Default, and then the real catastrophe begins. They want to destroy the economy. Very American. No doubt they'll try. Republicans hate America. But thanks to their slim majority, there's a pretty good chance that cooler heads prevail.
February 7, 20233 yr 6 minutes ago, mr_hunt said: Probably a combination of increasing supply and reducing demand. The culling of birds due to the avian flu started as early as February 2022. It takes about 20 weeks for a chicken to mature enough to lay eggs. Prices I think overshot demand, and people started just buying fewer eggs. So demand went down, and supply is probably starting to come back as the farms who lost production at the height of the avian flu epidemic are starting to produce again. Market overreacted to reduced supply by raising prices too high, demand went down, equilibrium is being found at lower prices. Not that complicated IMHO.
February 7, 20233 yr Demand for eggs is higher over the holidays at the end of the year. Less demand = lower prices. Compounded that people were buying less due to higher prices, perhaps may have allowed supply to replenish some.
February 7, 20233 yr 39 minutes ago, mr_hunt said: Don't ask why if you're not ready to accept the answer:
February 20, 20233 yr Although inflation is coming down, high prices are still impacting Americans at every income level. Over 80% of middle-income households cut down on their savings or pulled money from existing savings to make ends meet in the last three months of 2022, the financial services company Primerica found in a new study https://fortune.com/2023/02/18/americans-spending-savings-credit-card-debt-could-spark-recession-economists-say/
February 20, 20233 yr Most economic downturns hit lower-income Americans hardest, but this time is different. ... The U.S. could still skirt a recession, but it is already in a richcession. That’s when, amid economic uncertainty, the well-off feel more of the bite. ... Early in the pandemic, several rounds of government relief allowed Americans in general, and lower-income Americans in particular, to build up their finances. Then the job market came roaring back and poorer workers found they could get paid a lot more than they did before. Many white-collar professionals haven’t seen their wages outstrip inflation, but people doing lower-paying work have, and the latter group’s wealth has risen more, too. Sure, it is still better to be rich and college-educated than poor and not. After decades of widening, though, the gap between the two groups has narrowed.
February 20, 20233 yr 17 minutes ago, JohnSnowsHair said: Most economic downturns hit lower-income Americans hardest, but this time is different. ... The U.S. could still skirt a recession, but it is already in a richcession. That’s when, amid economic uncertainty, the well-off feel more of the bite. ... Early in the pandemic, several rounds of government relief allowed Americans in general, and lower-income Americans in particular, to build up their finances. Then the job market came roaring back and poorer workers found they could get paid a lot more than they did before. Many white-collar professionals haven’t seen their wages outstrip inflation, but people doing lower-paying work have, and the latter group’s wealth has risen more, too. Sure, it is still better to be rich and college-educated than poor and not. After decades of widening, though, the gap between the two groups has narrowed. Good read, but I bet it'll widen again as the market continues to rebound. The disparity in sentiment towards investment is just way too large between the two groups, so any upward market movement means those who are sitting in the sidelines because they "don't trust stocks" get left further and further behind. Most people who feel our current tax structure is overly progressive often simplify it as a thinly veiled wealth distribution scheme (which it is in many ways), but a massive side effect of freeing up more spending power to the lower earners is that they're far more likely to spend that money rather than save it. And in a consumer-based economy, a lot of that money ends up trickling upwards in the form of market growth.
March 30, 20233 yr Prices go up, they never come back down. Corporations never take a hit due to inflation. They pass the buck down to the consumer.
March 30, 20233 yr 12 minutes ago, toolg said: Prices go up, they never come back down. Corporations never take a hit due to inflation. They pass the buck down to the consumer. Yeah, prices never go down. Wait a minute... https://www.cbsnews.com/news/egg-prices-fall-consumer-price-index/
March 30, 20233 yr 1 minute ago, vikas83 said: Yeah, prices never go down. Wait a minute... https://www.cbsnews.com/news/egg-prices-fall-consumer-price-index/ To think that that man was a presidential economic advisor...
April 12, 20233 yr Month over month inflation came in at 0.1% 5% for last 12 mos Good report. Sorry if you're big mad that inflation is being tamed.
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