INFLATION IS OUR FRIEND
- Thread starter morekaos
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irvinehomeowner
Well-known member
Dude... TSLA is fo' real.
Dinosaurs got to dino... some stuff you get right, but even at only 1.5%, Tesla has 75% of the EV market. And while that may decrease as others put out their EVs, Musk has a pretty huge head start in not just technology, assembly and distribution... but more importantly, charging infrastructure.
Other makers wouldn't even be thinking about electrification if not for the roads that Tesla paved.
You got Trump wrong... this one you are also the baloney.
Dinosaurs got to dino... some stuff you get right, but even at only 1.5%, Tesla has 75% of the EV market. And while that may decrease as others put out their EVs, Musk has a pretty huge head start in not just technology, assembly and distribution... but more importantly, charging infrastructure.
Other makers wouldn't even be thinking about electrification if not for the roads that Tesla paved.
You got Trump wrong... this one you are also the baloney.
morekaos
Well-known member
As I have said all along about inflation and this economy....this administrations inability to understand basic business and economics will doom their legislation...pucker up buttercup...
ECONOMY
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
https://www.cnbc.com/2021/09/27/fed-chair-powell-to-warn-congress-that-inflation-pressures-could-last-longer-than-expected.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail
Psaki: It?s ?Unfair And Absurd? That Companies Would Raise Costs For Consumers Due To Higher Taxes
White House Press Secretary Jen Psaki claimed during Monday?s press briefing that it would be ?unfair and absurd? for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate.
Forbes noted in a report that it was ?important to remember that corporate taxes must be paid by people,? the report said. ?Any corporate tax increase will be paid by either shareholders/owners, employees in the form of lower wages, or customers in the form of higher prices.?
https://www.dailywire.com/news/psaki-its-unfair-and-absurd-that-companies-would-raise-costs-for-consumers-due-to-higher-taxes
https://youtu.be/gm5fVx8vbu0
ECONOMY
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
https://www.cnbc.com/2021/09/27/fed-chair-powell-to-warn-congress-that-inflation-pressures-could-last-longer-than-expected.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail
Psaki: It?s ?Unfair And Absurd? That Companies Would Raise Costs For Consumers Due To Higher Taxes
White House Press Secretary Jen Psaki claimed during Monday?s press briefing that it would be ?unfair and absurd? for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate.
Forbes noted in a report that it was ?important to remember that corporate taxes must be paid by people,? the report said. ?Any corporate tax increase will be paid by either shareholders/owners, employees in the form of lower wages, or customers in the form of higher prices.?
https://www.dailywire.com/news/psaki-its-unfair-and-absurd-that-companies-would-raise-costs-for-consumers-due-to-higher-taxes
https://youtu.be/gm5fVx8vbu0
Dollar store is breaking the dollar. Will the Fed step in??
https://apnews.com/article/business...ginia-prices-21e4bcc5434361d23635a290774e4f0b
https://apnews.com/article/business...ginia-prices-21e4bcc5434361d23635a290774e4f0b
morekaos
Well-known member
Hell's comin...
Oil Briefly Spikes at More Than $80 a Barrel
https://www.barrons.com/articles/oil-prices-today-51632829273
Natural gas price spikes 25% on soaring demand
https://www.ibtimes.com/natural-gas-price-spikes-25-soaring-demand-3310694
New Zealand central bank raises key interest rate
WELLINGTON, New Zealand (AP) ? New Zealand?s central bank raised interest rates for the first time in more than seven years on Wednesday, removing some of the support it put in place when the coronavirus pandemic began.
https://apnews.com/article/coronavirus-pandemic-business-auckland-new-zealand-economy-16204c2fe4bfdd5f5f0863fcd720d097
https://youtu.be/-9vkkg0cBt4
Oil Briefly Spikes at More Than $80 a Barrel
https://www.barrons.com/articles/oil-prices-today-51632829273
Natural gas price spikes 25% on soaring demand
https://www.ibtimes.com/natural-gas-price-spikes-25-soaring-demand-3310694
New Zealand central bank raises key interest rate
WELLINGTON, New Zealand (AP) ? New Zealand?s central bank raised interest rates for the first time in more than seven years on Wednesday, removing some of the support it put in place when the coronavirus pandemic began.
https://apnews.com/article/coronavirus-pandemic-business-auckland-new-zealand-economy-16204c2fe4bfdd5f5f0863fcd720d097
https://youtu.be/-9vkkg0cBt4
Attachments
irvinebullhousing
Well-known member
morekaos said:
Get a water bike and peddle accross the bay, store your boats.
Go green and shed weight. Ha ha
morekaos
Well-known member
No market is safe from it...
REAL ESTATE
As mortgage rates shoot even higher, refinance demand plummets 10%
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.14% from 3.10%.
Refinance demand fell to the lowest level in three months.
Mortgage applications to purchase a home declined 2% for the week and were 13% lower than the same week one year ago.
https://www.cnbc.com/2021/10/06/as-mortgage-rates-shoot-even-higher-refinance-demand-plummets-10percent.html
REAL ESTATE
As mortgage rates shoot even higher, refinance demand plummets 10%
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.14% from 3.10%.
Refinance demand fell to the lowest level in three months.
Mortgage applications to purchase a home declined 2% for the week and were 13% lower than the same week one year ago.
https://www.cnbc.com/2021/10/06/as-mortgage-rates-shoot-even-higher-refinance-demand-plummets-10percent.html
morekaos
Well-known member
...and the boy king is trying to spin the blame on the "evil" carbon producers when it really is the shippers fault for dragging their anchor across a perfectly good pipeline. I like how they use the panic poRn gallons figure instead of the barrels (only 3000 BARRLELS). To put that into perspective the Deep Water Horizon spill (quickly forgotten) was 3.2 MILLION BARRELS, EXXON VALDES? 257,000 BARRELS. The boy king wants to stop ALL oil drilling in Californian, which would only drive energy prices higher and cause further inflation. The fools are truly in charge.
Liar Loan
Well-known member
The last oil spill in Huntington Beach was back in 1990, about 3x the size of this one, and it was quickly forgotten about after a few months. It was caused by a tanker ship running over its own anchor and leaking about 400,000+ gallons. Maybe we should outlaw cargo ships instead of offshore drilling?
Why do republicons always try to spin things?
There was an oil spill, and now he says ban cargo ships? Who said that?
This is why I would never vote republican. They use to be the party of family values and have turned to something else.
Also, the new thing is for governors to fight against the vaccine. (but the real secret is they got the vaccine, oops I was not suppose to say that) Let the Plebs Be! (as long as I am safe) lol
People are waking up!
There was an oil spill, and now he says ban cargo ships? Who said that?
This is why I would never vote republican. They use to be the party of family values and have turned to something else.
Also, the new thing is for governors to fight against the vaccine. (but the real secret is they got the vaccine, oops I was not suppose to say that) Let the Plebs Be! (as long as I am safe) lol
People are waking up!
nosuchreality
Well-known member
Liar Loan said:
Our supply line is fragile and fully loaded. Frankly, it's a bad design that is completely dependent of cheap ubiquitous labor. People want to blame the pandemic or blame lack of truckers, but the reality is the ports are at capacity. The slow downs they are now experiencing is from inefficiencies of trying to run it in over drive.
Doing a truck drop takes 3-4 minutes for a container. Whether semi or train. The port needs to clear 500,000 containers a month. There are 5000-10000 containers per ship.
It's a just in time supply model that is dependent on people spending large numbers of hours not being compensated waiting for their 'spot'.
JIMHO, pretty much nobody has a foot to stand on to complain about the oil leak, 3/4s of all American's possession are tainted with gloablly sourced shit that is 100% dependent on the oil industry and the dirtiest of their products bunker fuel.
The heavy fuel oil those moored ships burn that requires being heated up first is a huge environmental tax on the blue collar populations of the port-adjacent cities. Up here the A's stadium proposal at Howard Terminal has exposed the racial injustice of port locations, creating some very strange bedfellows in pitting the residents of West Oakland against the established port industrial interests (and associated Unions, the parties mostly culpable for the port slowdowns).
morekaos
Well-known member
Inflation is your friend....
Real cost of inflation to average American household: An extra $175 a month
Over the past couple of months, Allison, a wife and mother of a toddler and teenager in Chicago, says she?s been spending about $50 more each week on groceries to feed her family ? and that?s at a discount supermarket chain, Aldi?s.
?I used to spend $70 a week, but all of sudden this summer, I noticed that I couldn?t leave the store without spending at least $120,? said Allison, who works in education.
Like millions of Americans whose income has not kept pace with inflation ? up 5.3 percent in August compared with a year ago ? Allison and her family are feeling the pinch of the rising cost of living and giving up some things just to make ends meet.
Her family is scrimping now. ?There are no more splurges like going to Home Depot to buy an extra plant or eating out,? Allison said.
[url]https://nypost.com/2021/10/06/cost-of-inflation-to-american-household-extra-175-a-month/[/url]
Real cost of inflation to average American household: An extra $175 a month
Over the past couple of months, Allison, a wife and mother of a toddler and teenager in Chicago, says she?s been spending about $50 more each week on groceries to feed her family ? and that?s at a discount supermarket chain, Aldi?s.
?I used to spend $70 a week, but all of sudden this summer, I noticed that I couldn?t leave the store without spending at least $120,? said Allison, who works in education.
Like millions of Americans whose income has not kept pace with inflation ? up 5.3 percent in August compared with a year ago ? Allison and her family are feeling the pinch of the rising cost of living and giving up some things just to make ends meet.
Her family is scrimping now. ?There are no more splurges like going to Home Depot to buy an extra plant or eating out,? Allison said.
[url]https://nypost.com/2021/10/06/cost-of-inflation-to-american-household-extra-175-a-month/[/url]