quote:

Originally posted by jeffeosso:
Yeah.. "supply side"
https://www.fxstreet.com/news/...tionary-202408161805

quote:

Originally posted by Steve Bertram:

Let's not forget that wage growth has out paced inflation.

https://www.nbcnews.com/busine...pay-makes-rcna158569

quote:

Originally posted by Steve Bertram:
Such angry little cult member Jeffe.

It's okay, you just didn't know any better, God bless your heart. I can't speak for others, my wages have increased more than 25% the last four years.

I think your problem might be a lack of commitment, didn't you have me on ignore?

You really do need that sky is falling story don't you?

quote:

Originally posted by jeffeosso:


Supply is NOT the problem from groceries, food, fuel, power, or rent.

quote:

Originally posted by jeffeosso:

quote:

Originally posted by Steve Bertram:
Such angry little cult member Jeffe.

It's okay, you just didn't know any better, God bless your heart. I can't speak for others, my wages have increased more than 25% the last four years.

I think your problem might be a lack of commitment, didn't you have me on ignore?

You really do need that sky is falling story don't you?

You are certainly special.
https://www.statista.com/stati...n-the-united-states/

Let's look at facts.. at no time in American history have wages increased 25% in 4 years.

But, hey, you can't be swayed by truth, proof, and facts not of your own choosing. We are well aware

quote:

Originally posted by Steve Bertram:

quote:

Originally posted by jeffeosso:


Supply is NOT the problem from groceries, food, fuel, power, or rent.

All supply side related.

Rent???? Are you that stupid? Apparently so. It is most certainly a lack of supply pushing rent prices, housing in general has been undersupplied since at least 2009.

Groceries/food are certainly supply side issues, increased costs of fertilizer is directly related to the Ukraine war as is the cost of fuel(OPEC reduced output to drive up the price by reducing supply).

My power has not increased in cost that much, a bit but not bad in my opinion.

quote:

Originally posted by jeffeosso:
Okay, I get it, you don't want to admit it... so tell me you have never attended an economics course with telling me you have never attended an economics

quote:

Originally posted by Steve Bertram:

quote:

Originally posted by jeffeosso:


Supply is NOT the problem from groceries, food, fuel, power, or rent.

All supply side related.

Rent???? Are you that stupid? Apparently so. It is most certainly a lack of supply pushing rent prices, housing in general has been undersupplied since at least 2009.

Groceries/food are certainly supply side issues, increased costs of fertilizer is directly related to the Ukraine war as is the cost of fuel(OPEC reduced output to drive up the price by reducing supply).

My power has not increased in cost that much, a bit but not bad in my opinion.

quote:

Originally posted by jeffeosso:
I guess it was unclear, we aren't talking about ben..

So, no economics courses in your studies.. got it

Noted...

quote:

Originally posted by Steve Bertram:
Ben and I agree....

It's all about you Jeffe...how much more obvious could it be?

quote:

Originally posted by Steve Bertram:

You might consider talking to your Doc about a low sugar diet, many children find it beneficial, especially those dealing with anger issues.

quote:

Originally posted by jeffeosso:

quote:

Originally posted by Steve Bertram:

You might consider talking to your Doc about a low sugar diet, many children find it beneficial, especially those dealing with anger issues.

Sounds like a rousing personal endorsement. Glad you found the help you needed

quote:

Originally posted by Steve Bertram:
It is not solely either side, almost every economist acknowledges that.

Agreed

We have never in our lifetimes seen a supply side constriction like we saw after the pandemic, it sent shockwaves through our supply chains. I have lost a multitude of vendors in the last few years, far more than the previous 15 years.

quote:

Originally posted by theback40:
Steve you said shipping containers from china went up, but have passed. Do you mean the high price have come down? have they come down more than containers from other countries?

quote:

Originally posted by wymple:
Sure seems to me that an awful lot of people who apparently aren't doing well, according to our right wingers, are out there spending an awful lot of money on frivolous bullshit. I see those little drive thru coffee shops where you pay 6-7 dollars for a glorified cup of coffee backed up 9-10 cars deep. When I go to the Coralville Mall in Iowa City the parking lot is fuller than ever. They are building new restaurants everywhere to the point they can't find enough people to work them. There are 14 in our little town of 8000 people, not counting gas stations with food. If I go to a buffet, I have to get there within 30 minutes after opening or wait for seating. People won't cook at home to save that buck they aren't supposed to have. Yeah, it's really tough out there.

quote:

As of the second quarter of 2024, the total credit card balance for Americans is $1.142 trillion, which is the highest balance since the Federal Reserve Bank of New York began tracking in 1999. This is a 5.8% increase from the previous year. The average American has $6,501 in credit card debt, which is a 10% increase from 2022.

The average credit card debt varies by generation:
Generation X: $8,134
Baby boomers: $6,245
Millennials: $5,649
Silent generation: $3,316
Generation Z: $2,854

The average credit card debt also varies by state, with Alaska having the highest at $7,863 and Kansas having the lowest at $5,227.

The cost of carrying credit card debt has also increased due to the Federal Reserve's interest rate hikes, which have pushed rates to their highest point in 23 years. High inflation and interest rates have also eroded Americans' savings, and more people are carrying more debt for longer periods of time.

quote:

Originally posted by wymple:
Sure seems to me that an awful lot of people who apparently aren't doing well, according to our right wingers, are out there spending an awful lot of money on frivolous bullshit. I see those little drive thru coffee shops where you pay 6-7 dollars for a glorified cup of coffee backed up 9-10 cars deep. When I go to the Coralville Mall in Iowa City the parking lot is fuller than ever. They are building new restaurants everywhere to the point they can't find enough people to work them. There are 14 in our little town of 8000 people, not counting gas stations with food. If I go to a buffet, I have to get there within 30 minutes after opening or wait for seating. People won't cook at home to save that buck they aren't supposed to have. Yeah, it's really tough out there.

quote:

Originally posted by Steve Bertram:

quote:

Originally posted by theback40:
Steve you said shipping containers from china went up, but have passed. Do you mean the high price have come down? have they come down more than containers from other countries?

I may have not been clear, my shipments come from the UK, South Africa and New Zealand, usually by Air.

I am currently paying about 4gbp or 5.25$ per kilogram of freight, about the same as I was paying in 2019 and 2020. In 2021 and 2022 I paid as much 14GBP or 18.25$ per kilogram of freight. Shipping from the countries that I deal with has dropped to pre-pandemic pricing. I have not been following the costs to ship from China or other countries that closely as of late, the last I knew it had come down substantially.

quote:

Originally posted by ledvm:

quote:

As of the second quarter of 2024, the total credit card balance for Americans is $1.142 trillion, which is the highest balance since the Federal Reserve Bank of New York began tracking in 1999. This is a 5.8% increase from the previous year. The average American has $6,501 in credit card debt, which is a 10% increase from 2022.

The average credit card debt varies by generation:
Generation X: $8,134
Baby boomers: $6,245
Millennials: $5,649
Silent generation: $3,316
Generation Z: $2,854

The average credit card debt also varies by state, with Alaska having the highest at $7,863 and Kansas having the lowest at $5,227.

The cost of carrying credit card debt has also increased due to the Federal Reserve's interest rate hikes, which have pushed rates to their highest point in 23 years. High inflation and interest rates have also eroded Americans' savings, and more people are carrying more debt for longer periods of time.

quote:

Originally posted by crbutler:
Interesting.

I have had several trophy shipments lately and they certainly are quoting huge numbers for air shipment... well north of your $5.25/kg for just the freight portion. Then add all the additional fees...

quote:

Originally posted by Steve Bertram:

quote:

Originally posted by theback40:
Steve you said shipping containers from china went up, but have passed. Do you mean the high price have come down? have they come down more than containers from other countries?

I may have not been clear, my shipments come from the UK, South Africa and New Zealand, usually by Air.

I am currently paying about 4gbp or 5.25$ per kilogram of freight, about the same as I was paying in 2019 and 2020. In 2021 and 2022 I paid as much 14GBP or 18.25$ per kilogram of freight. Shipping from the countries that I deal with has dropped to pre-pandemic pricing. I have not been following the costs to ship from China or other countries that closely as of late, the last I knew it had come down substantially.

quote:

Originally posted by Saeed:


It is so so stupid.

Banks charge over 20% annual interest on credit card debt!

Live within your means.

quote:

Originally posted by TomP:

quote:

Originally posted by wymple:
Sure seems to me that an awful lot of people who apparently aren't doing well, according to our right wingers, are out there spending an awful lot of money on frivolous bullshit. I see those little drive thru coffee shops where you pay 6-7 dollars for a glorified cup of coffee backed up 9-10 cars deep. When I go to the Coralville Mall in Iowa City the parking lot is fuller than ever. They are building new restaurants everywhere to the point they can't find enough people to work them. There are 14 in our little town of 8000 people, not counting gas stations with food. If I go to a buffet, I have to get there within 30 minutes after opening or wait for seating. People won't cook at home to save that buck they aren't supposed to have. Yeah, it's really tough out there.

The economy has bifurcated, to an extent. There is a segment of the economy that is doing really well, another segment that is doing really poorly.

Meanwhile, the fast-food attendants seems to have spent their new raises on cannabis, can't get drive-through orders right half the time.