US economic future
- Thread starter cowlemon
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awgeecdcrez
New member
Must be that recovering economy I hear about
morekaos
Well-known member
Well that's a nice record to break....
http://nypost.com/2013/09/06/worse-than-jimmy-carter/
Worse than Jimmy Carter
Jimmy Carter must be smiling: Another president has finally broken the record he had held for the worst rate of participation in the job market by American workers in modern times.
The Bureau of Labor Statistics? Friday job numbers show the nation?s ?labor force participation rate? ? i.e., the percentage of Americans over 16 who have jobs, or are looking for one ? dipped to 63.2 percent.
That beats the sad record of 63.4 percent set in 1978, a harbinger of the Carter-era stagflation and malaise to come.
http://nypost.com/2013/09/06/worse-than-jimmy-carter/
Worse than Jimmy Carter
Jimmy Carter must be smiling: Another president has finally broken the record he had held for the worst rate of participation in the job market by American workers in modern times.
The Bureau of Labor Statistics? Friday job numbers show the nation?s ?labor force participation rate? ? i.e., the percentage of Americans over 16 who have jobs, or are looking for one ? dipped to 63.2 percent.
That beats the sad record of 63.4 percent set in 1978, a harbinger of the Carter-era stagflation and malaise to come.
nosuchreality
Well-known member
'MERICA~ FVCK YEAH~ said:
ROFLMAO.
changm55
New member
haha... let fortune favor those who see opportunity where others cannot...
stagflation is the perfect time for the adaptive, innovative, and creative to stand out from the masses... businesses who cannot adapt, innovate, or continue to be creative will become history... that is the beauty of stagflation and why i love it so much
while everybody else is tightening their pocket books and hesitant to take risks... then the ones who are loosening their pockets and taking the right risks... the rewards are tremendously greater then during the "good" times...
stagflation will SUCK for the masses... but for a few, this period is a godsend...
stagflation is the perfect time for the adaptive, innovative, and creative to stand out from the masses... businesses who cannot adapt, innovate, or continue to be creative will become history... that is the beauty of stagflation and why i love it so much
while everybody else is tightening their pocket books and hesitant to take risks... then the ones who are loosening their pockets and taking the right risks... the rewards are tremendously greater then during the "good" times...
stagflation will SUCK for the masses... but for a few, this period is a godsend...
nosuchreality
Well-known member
Stagflation sucks for the timid, sucks for the masses, and sucks most of all for the over confident.
The best thing about stagflation is nothing works out quite as expected.
There's opportunity, massive opportunity, the vast majority are going to fail.
The best thing about stagflation is nothing works out quite as expected.
There's opportunity, massive opportunity, the vast majority are going to fail.
Irvinecommuter
New member
First of all...no inflation since the rest of the world is tanking as well. The US is basically on par with the rest of the world. With a global economy, a first world country cannot generate significant growth until the rest of the world is better. There are no "good" economy right now...BRIC nations are seriously struggling now and even Australia is finally feeling the pain.
Two, there are factors beyond the numbers contributing to the decrease in participation rate. Age is a big deal...in 1978...there were a lot of young people out of work. Now, there are a lot of older people out of work.
http://www.washingtonpost.com/blogs...6/the-incredible-shrinking-labor-force-again/
Two, there are factors beyond the numbers contributing to the decrease in participation rate. Age is a big deal...in 1978...there were a lot of young people out of work. Now, there are a lot of older people out of work.
http://www.washingtonpost.com/blogs...6/the-incredible-shrinking-labor-force-again/
changm55
New member
lol... the vast majority BETTER fail... this is what seperates the cream of the crop otherwise then "everybody" is innovative and "fortunate"... heck no man... fuck equality... thats the beauty of the game LOL... life wont be fun if everybody is mark zuckerberg
the best product during stagflation is if u can offer the same for MUCH less... in fact, that's what a lot of economists think has to happen to bring an economy out of stagflation if I remember correctly (http://en.wikipedia.org/wiki/Stagflation)
the best product during stagflation is if u can offer the same for MUCH less... in fact, that's what a lot of economists think has to happen to bring an economy out of stagflation if I remember correctly (http://en.wikipedia.org/wiki/Stagflation)
Irvinecommuter
New member
Tyler Durden said:
Stagflation is much more likely in the BRIC countries than the US. India for example has an inflation rate of 9.5%. Brazil and Russia are at 6.5%
US inflation rate is next to nothing...in large part because we can produce a lot of the things that we need like food. Most of the BRIC countries lack the economic diversity and infrastructure to support themselves and rely on imports.
http://247wallst.com/special-report/2013/09/06/eleven-countries-with-soaring-inflation/
Irvinecommuter
New member
Tyler Durden said:
Inflation talk has been going on since 2011...still no inflation. Pretty much stuck at 1-2%.
http://www.usinflationcalculator.com/inflation/historical-inflation-rates/
Gold prices have recovered a little from the bottom of around $1,200 but we're pretty much at 2011 levels.
changm55
New member
im a bit iffy on the govs official numbers... they strategically leave out a few commodities... I forgot which ones exactly but if I remember correctly real estate is one of them?... maybe they have a good reason to leave it out but I dunno... im more of a mfg. industry person so not too knowledgeable about this area... but I do know ocean freight costs is more expensive now... there was a tremendous jump sometime around 2010ish and then the increase fluctuates here and there till now... :-\
Irvinecommuter
New member
'MERICA~ FVCK YEAH~ said:
Ocean freight costs more because 1) global demand and 2) fuel prices.
Real Estate doesn't constitute "inflation" because it's not really a necessity. I guess rental prices could be but there is no requirement that you own your home.
More details: http://www.bls.gov/cpi/cpifaq.htm
changm55
New member
sorry found what the CPI doesn't include from their own website... they do take into account owner occupied real estate and rental real estate... but not if they fall under investments category...
The CPI does not include investment items, such as stocks, bonds, real estate, and life insurance. (These items relate to savings and not to day-to-day consumption expenses.)
The CPI does not include investment items, such as stocks, bonds, real estate, and life insurance. (These items relate to savings and not to day-to-day consumption expenses.)
nosuchreality
Well-known member
Yes you can, you just keep changing the official measure...Tyler Durden said:
Have you bought beef or chicken lately?
Irvinecommuter
New member
nosuchreality said:Yes you can, you just keep changing the official measure...Tyler Durden said:
Have you bought beef or chicken lately?
Even by that graph, we are pretty okay as compared 2006/2007.
Also...meats are getting a little more expensive but pretty consistent with normal inflation
http://www.nationalchickencouncil.o...-and-retail-prices-for-chicken-beef-and-pork/
nosuchreality
Well-known member
Irvinecommuter said:
That beef increase is 19.4% in two years. hint, that's the blue line, not the Government red line. Chicken is more modest showing a 6.5% annual increase since the 2006 housing bubble burst.
Irvinecommuter
New member
nosuchreality said:
long term trends...also a lot of that is dictated by supply and demand. How much choice/angus beef do you see on the market these days as compared to 2000?