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Inflation Beyond the Stars Thread for April 12
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2022 Apr 12, 12:49am 146,642 views 1,539 comments
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448
AD
2023 Sep 20, 11:20pm
AD
2023 Sep 20, 11:20pm
I think they will not lower interest rates unless CPI and PCE remain at or below 1.75% annual for at least 4 months. The Fed would keep rates the same i both remain between 2 and 3% annual. Look at recent seasonal hiring announcements by Target and Amazon; I wonder if its going to be a good Christmas this year.
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451
AD
2023 Sep 21, 2:10pm
AD
2023 Sep 21, 2:10pm
Fear and Greed Index back in fear territory for the first time since March 2023 (except for a brief moment last month).
S&P 500 about 11% below its all time high (~4825), and at July 2021 levels.
The S&P 500 may not return to 4825 for another year and at least 2.5 years since it was set in December 2021. I don't think it will be 20% above 4825 before 1 January 2025.
Asset prices remain down which will mean less capital gains to drive up inflation. Also lower asset prices like stocks make people feel poorer and less inclined to spend money.
I wonder if we'll have a soft landing as Jerome Powell has mentioned.
S&P 500 about 11% below its all time high (~4825), and at July 2021 levels.
The S&P 500 may not return to 4825 for another year and at least 2.5 years since it was set in December 2021. I don't think it will be 20% above 4825 before 1 January 2025.
Asset prices remain down which will mean less capital gains to drive up inflation. Also lower asset prices like stocks make people feel poorer and less inclined to spend money.
I wonder if we'll have a soft landing as Jerome Powell has mentioned.
452
AD
2023 Sep 23, 2:37pm
AD
2023 Sep 23, 2:37pm
no significant real gain in the S&P 500 over the last 2.5 years
no productivity gains or innovation
S&P 500 is up 30% since February 2020
yet overall inflation is 25% since February 2020
a few more daily drops in the S&P 500 and its real gain will be at best 0% for the last 2.5 years 🙁
no productivity gains or innovation
S&P 500 is up 30% since February 2020
yet overall inflation is 25% since February 2020
a few more daily drops in the S&P 500 and its real gain will be at best 0% for the last 2.5 years 🙁
453
AD
2023 Sep 23, 2:39pm
AD
2023 Sep 23, 2:39pm
Track and monitor the following:
Purchasing Managers Index
Baltic Dry Index
PCE and CPI
unemployment rate
employment participation rate (for all age groups and 25 to 54 years range)
credit card delinquency and default rates
S&P 500 real earnings growth
CNN Fear and Greed Index
Purchasing Managers Index
Baltic Dry Index
PCE and CPI
unemployment rate
employment participation rate (for all age groups and 25 to 54 years range)
credit card delinquency and default rates
S&P 500 real earnings growth
CNN Fear and Greed Index
454
AD
2023 Sep 24, 12:59am
AD
2023 Sep 24, 12:59am
The federal deficit is expected to be $2 trillion this year, largely due higher US Treasury interest rates. Lets hope tax revenue increases to reduce the deficit and debt to GDP ratio.
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455
AD
2023 Sep 24, 1:07am
AD
2023 Sep 24, 1:07am
Read below. This is the Orwellian double-speak the left wing media and Democrats are promoting about the economy being so good.
The economy is not good as tax receipts are down or not enough to restrain the deficit.
The economy is not growing fast enough to reduce the debt to GDP ratio.
My concern is that admin state or bureaucracy will start to further massage the economic data to try to convince the masses the economy is doing well (while conversely prices still remain high at the grocery store and gas pump).
*********
"What's happening: Bigger interest payments + lower tax receipts, despite strong economic growth.
"A strong economy usually reduces the deficit. Not this time," Stein writes."
https://www.axios.com/2023/09/04/federal-deficit-double-despite-economic-growth
The economy is not good as tax receipts are down or not enough to restrain the deficit.
The economy is not growing fast enough to reduce the debt to GDP ratio.
My concern is that admin state or bureaucracy will start to further massage the economic data to try to convince the masses the economy is doing well (while conversely prices still remain high at the grocery store and gas pump).
*********
"What's happening: Bigger interest payments + lower tax receipts, despite strong economic growth.
"A strong economy usually reduces the deficit. Not this time," Stein writes."
https://www.axios.com/2023/09/04/federal-deficit-double-despite-economic-growth
456
Misc
2023 Sep 24, 1:18am
It all depends on who you ask about the strength of the economy. Most of the US debt is short term, so when interest rates go from basically zero to over 5%, it adds up when the debt is over $30 trillion.
There's no way in hell the politicians are gonna increase taxes by the roughly $1 trillion that the interest payments increased by. The extra interest just gets added to the deficit. Additional debt is not necessarily a weakness when you're talking about the US government.
There's no way in hell the politicians are gonna increase taxes by the roughly $1 trillion that the interest payments increased by. The extra interest just gets added to the deficit. Additional debt is not necessarily a weakness when you're talking about the US government.
457
Misc
2023 Sep 24, 1:39am
Another item to keep in mind is nominal vs inflation adjusted. Measures of GDP are adjusted for inflation, whereas the national debt is not. So, while the debt to GDP measure may be stagnant, the debt capacity could be increasing because of the nominal increase in the dollar amount of goods and services produced.
458
AD
2023 Sep 24, 2:00am
AD
2023 Sep 24, 2:00am
Misc says
It is as far as standard of living as it could cause major inflation of food, housing, and medical care.
What is needed is to motivate the working population. Promote the supply side.
Businesses need to do more with the same (if not less) in order to reduce the cost per unit.
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dditional debt is not necessarily a weakness when you're talking about the US government.
It is as far as standard of living as it could cause major inflation of food, housing, and medical care.
What is needed is to motivate the working population. Promote the supply side.
Businesses need to do more with the same (if not less) in order to reduce the cost per unit.
.
459
richwicks
2023 Sep 24, 4:44am
richwicks
2023 Sep 24, 4:44am
ad says
I have an idea. Let's get a group of people to whip people to work harder, and not smarter, and to execute them if they don't meet performance goals, and also rape their wife, and or kids. That'll motivate them!!
Because, you know, this is a Dumbocracy and not a dictatorship with an oblivious slave population - and if people don't believe it, shove Critical Race Theory down their kid's throats make them blame their neighbor, not their actual oppressor.
The problem is we don't have enough wars. I mean, our government gave $700 to every family in Maui after police blocked roads and let people burn alive, and only could spare $100,000,000,000 for those poor Ukrainians that are fighting a proxy war for the United States, after the United States overthrew their corrupt shit government in 2014 precisely to cause this conflict. You know, because foreign policy doesn't REALLY affect the United States...
Foreign policy is our biggest problem because according to the MOTHERFUCKERS in power, that's the ONLY problem.
original link
They tell you to your face they don't give a FUCK about the citizens of this country, which should be their first priority. Brush it off, don't worry, there will be a savior in Donald Trump, or Robert Kennedy Jr., or some other person. It wouldn't be hard to just murder these fuckers, or kidnap them, waterboard them, and find out who is giving them orders.
No, we'll just sit back and hope - and that's what we will do, including me. I'm not skilled in kidnapping and torture. Just a quick way to die for me.
What is needed is to motivate the working population. Promote the supply side.
I have an idea. Let's get a group of people to whip people to work harder, and not smarter, and to execute them if they don't meet performance goals, and also rape their wife, and or kids. That'll motivate them!!
Because, you know, this is a Dumbocracy and not a dictatorship with an oblivious slave population - and if people don't believe it, shove Critical Race Theory down their kid's throats make them blame their neighbor, not their actual oppressor.
The problem is we don't have enough wars. I mean, our government gave $700 to every family in Maui after police blocked roads and let people burn alive, and only could spare $100,000,000,000 for those poor Ukrainians that are fighting a proxy war for the United States, after the United States overthrew their corrupt shit government in 2014 precisely to cause this conflict. You know, because foreign policy doesn't REALLY affect the United States...
Foreign policy is our biggest problem because according to the MOTHERFUCKERS in power, that's the ONLY problem.
original link
They tell you to your face they don't give a FUCK about the citizens of this country, which should be their first priority. Brush it off, don't worry, there will be a savior in Donald Trump, or Robert Kennedy Jr., or some other person. It wouldn't be hard to just murder these fuckers, or kidnap them, waterboard them, and find out who is giving them orders.
No, we'll just sit back and hope - and that's what we will do, including me. I'm not skilled in kidnapping and torture. Just a quick way to die for me.
460
HeadSet
2023 Sep 24, 9:49am
HeadSet
2023 Sep 24, 9:49am
Misc says
That extra interest still needs to be paid, and "adding to the deficit" means printing. Hence further inflation.
The extra interest just gets added to the deficit. Additional debt is not necessarily a weakness when you're talking about the US government.
That extra interest still needs to be paid, and "adding to the deficit" means printing. Hence further inflation.
461
HeadSet
2023 Sep 24, 9:52am
HeadSet
2023 Sep 24, 9:52am
ad says
Businesses are always looking for ways to reduce cost, good times or bad. If the government kept a steady money supply, this increasing efficiency would result in lower prices over time. Inflation has only one cause, government overprinting of money.
Businesses need to do more with the same (if not less) in order to reduce the cost per unit.
Businesses are always looking for ways to reduce cost, good times or bad. If the government kept a steady money supply, this increasing efficiency would result in lower prices over time. Inflation has only one cause, government overprinting of money.
463
AD
2023 Sep 24, 3:04pm
AD
2023 Sep 24, 3:04pm
richwicks says
I am not saying make this a Chicom labor camp environment.
I am saying there needs to be emphasis on total quality management, productivity, etc. Its a culture matter whereas now the dominant theme or religion is Woke and not continuous improvement, six sigma, and driving down cost per unit.
I am even saying yes have temporary tax increases while holding federal government spending increases to just below the inflation rate for 3 years to attempt to
1) reduce debt to GDP ratio to below 90%, or
2) at least reduce the annual deficit to Clinton or early George Bush Jr era levels.
My family and I are doing what we can like I extended this HP-all-in-one desktop purchased in early 2018 to Ubuntu Unix operating systems. So I plan on using it for another 4 years without buying an Apple Mac Mini.
We don't go out cause its not worth it as far as value except maybe Panera Bread or Carabba Brothers.
We fix things as much as we can such as simple plumbing problems, etc.
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Let's get a group of people to whip people to work harder, and not smarter, and to execute them if they don't meet performance goals, and also rape their wife, and or kids. That'll motivate them!!
I am not saying make this a Chicom labor camp environment.
I am saying there needs to be emphasis on total quality management, productivity, etc. Its a culture matter whereas now the dominant theme or religion is Woke and not continuous improvement, six sigma, and driving down cost per unit.
I am even saying yes have temporary tax increases while holding federal government spending increases to just below the inflation rate for 3 years to attempt to
1) reduce debt to GDP ratio to below 90%, or
2) at least reduce the annual deficit to Clinton or early George Bush Jr era levels.
My family and I are doing what we can like I extended this HP-all-in-one desktop purchased in early 2018 to Ubuntu Unix operating systems. So I plan on using it for another 4 years without buying an Apple Mac Mini.
We don't go out cause its not worth it as far as value except maybe Panera Bread or Carabba Brothers.
We fix things as much as we can such as simple plumbing problems, etc.
.
464
AD
2023 Sep 24, 4:05pm
AD
2023 Sep 24, 4:05pm
HeadSet says
Yes the +3% annual inflation is the tax on the working and lower middle class.
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Hence further inflation.
Yes the +3% annual inflation is the tax on the working and lower middle class.
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468
Patrick
2023 Sep 25, 1:41pm
Patrick
2023 Sep 25, 1:41pm
https://www.coffeeandcovid.com/p/labs-of-liberalism-monday-september
New York City’s retailers are starting to respond rationally to the City’s failure to prosecute so-called “low level crimes” like shoplifting, by locking down even low cost items, like toothpaste:
Precautions like this dramatically increase employee labor, which in turn increases what economists call the “transaction cost” of every single purchase. It’s crime inflation. The unstated “equitable” goal is to free the police up to prosecute the middle class for things like protesting in front of abortion clinics, and to pressure citizens into agreeing to federalize local law enforcement.
Ding-dong! (Wait several minutes.) Can I get a pack of adult diapers, please? Thanks. Ding-dong! Now could I grab some genital wart ointment? Thanks!
469
Misc
2023 Sep 28, 10:26pm
Meanwhile in California...to help its citizens the State of California raised the minimum wage of fast food workers to $20 an hour. Since this happens in a vacuum, expect the burger flippers to go out and buy a new Tesla, or buy a house oooooooooo aaahhhh the possibilities are endless.
What a bunch of clusterfucks. It is simply going to raise prices across the board especially rent prices. Yes, especially rent prices.
People keep voting for this commie shit. They get what they get,
What a bunch of clusterfucks. It is simply going to raise prices across the board especially rent prices. Yes, especially rent prices.
People keep voting for this commie shit. They get what they get,
470
Misc
2023 Sep 28, 10:31pm
When are they gonna start sending out inflation remediation checks again ????
471
DOGEWontAmountToShit
2023 Sep 28, 11:29pm
DOGEWontAmountToShit
2023 Sep 28, 11:29pm
Misc says
Nina Turner just tweeted about this - claiming credit for the Dems. So I replied to her:
"Why not $55/hr? Why are you so stingy?"
Meanwhile in California...to help its citizens the State of California raised the minimum wage of fast food workers to $20 an hour. Since this happens in a vacuum, expect the burger flippers to go out and buy a new Tesla, or buy a house oooooooooo aaahhhh the possibilities are endless.
What a bunch of clusterfucks. It is simply going to raise prices across the board especially rent prices. Yes, especially rent prices.
People keep voting for this commie shit. They get what they get,
Nina Turner just tweeted about this - claiming credit for the Dems. So I replied to her:
"Why not $55/hr? Why are you so stingy?"
472
richwicks
2023 Sep 29, 12:34am
richwicks
2023 Sep 29, 12:34am
ad says
Well, that's easy.
Get government out of supporting corporations, from banks to large business. LET THEM FAIL.
There, problem solved.
You need to realize that we're not moving into a communist system, we're already in it, and the communist system is strangling the free market. Amazon, for example, doesn't make money, but they make money off from AWS, and all 17 "intelligence agencies" store their information on their servers.
Divorce government from the free market. Let them do whatever themselves, let them fail. They need to be part of the free market as well. Is your public school system shit, well, you should be able to replace it, and reduce your taxes to do it. That's charter schools.
Government isn't designed to fix problems, it's designed to make problems, to create the need to increase taxation, to... not fix the problem - but they'll promise to fix it...
I am saying there needs to be emphasis on total quality management, productivity, etc. Its a culture matter whereas now the dominant theme or religion is Woke and not continuous improvement, six sigma, and driving down cost per unit.
Well, that's easy.
Get government out of supporting corporations, from banks to large business. LET THEM FAIL.
There, problem solved.
You need to realize that we're not moving into a communist system, we're already in it, and the communist system is strangling the free market. Amazon, for example, doesn't make money, but they make money off from AWS, and all 17 "intelligence agencies" store their information on their servers.
Divorce government from the free market. Let them do whatever themselves, let them fail. They need to be part of the free market as well. Is your public school system shit, well, you should be able to replace it, and reduce your taxes to do it. That's charter schools.
Government isn't designed to fix problems, it's designed to make problems, to create the need to increase taxation, to... not fix the problem - but they'll promise to fix it...
473
richwicks
2023 Sep 29, 12:36am
richwicks
2023 Sep 29, 12:36am
Misc says
Haha, $20 an hour to buy a Tesla? They are 70,000 dollars. $20 an hour is about $40,000 a year. That would have been a stretch to buy a HOUSE in 1970 for $60,000.
Misc says
I am outraged that people think that people vote for this shit. You have any FUCKING idea how easy it is to validate the vote?
YET, it's impossible, for some reason... This is using the same sort of system we used on IOWA standardized tests 40 years ago. Our elected leaders, I doubt, are elected. Your persistence in believing them allows them to continue to stay in power. Call them out.
Count the ballots in, count the number of people that walk in, should be 1:1. Run the ballots through the machine, that should take a few MINUTES. Store the ballots. Nothing goes in, nothing goes out. Want to get fancy? Give voters a receipt to see how they ballot was counted. It can be a pseudo randomized number, with a QR code and UPC symbol. Trivial.
We are SO FUCKING FAR ahead of this, you have no idea. It's like counting money. Think nobody can do that??
The fact that we even WONDER if a vote might be stolen, means the vote is stolen. It's trivial, TRIVIAL, to make it 100% lock tight. They depend on your uncertainty. Everything I proposed is TRIVIAL to do. It was trivial 20 years ago.
Meanwhile in California...to help its citizens the State of California raised the minimum wage of fast food workers to $20 an hour. Since this happens in a vacuum, expect the burger flippers to go out and buy a new Tesla, or buy a house oooooooooo aaahhhh the possibilities are endless.
Haha, $20 an hour to buy a Tesla? They are 70,000 dollars. $20 an hour is about $40,000 a year. That would have been a stretch to buy a HOUSE in 1970 for $60,000.
Misc says
People keep voting for this commie shit. They get what they get,
I am outraged that people think that people vote for this shit. You have any FUCKING idea how easy it is to validate the vote?
YET, it's impossible, for some reason... This is using the same sort of system we used on IOWA standardized tests 40 years ago. Our elected leaders, I doubt, are elected. Your persistence in believing them allows them to continue to stay in power. Call them out.
Count the ballots in, count the number of people that walk in, should be 1:1. Run the ballots through the machine, that should take a few MINUTES. Store the ballots. Nothing goes in, nothing goes out. Want to get fancy? Give voters a receipt to see how they ballot was counted. It can be a pseudo randomized number, with a QR code and UPC symbol. Trivial.
We are SO FUCKING FAR ahead of this, you have no idea. It's like counting money. Think nobody can do that??
The fact that we even WONDER if a vote might be stolen, means the vote is stolen. It's trivial, TRIVIAL, to make it 100% lock tight. They depend on your uncertainty. Everything I proposed is TRIVIAL to do. It was trivial 20 years ago.
478
AD
2023 Oct 6, 2:57pm
AD
2023 Oct 6, 2:57pm
https://www.cnn.com/2023/10/06/economy/september-jobs-report-final/index.html
Jobs report today... government reported 336k jobs added last month which was about twice as much as forecasted
This is good if this means companies don't have a labor shortage which means paying overtime and then passing overtime costs onto the customers
Labor participation rate is unchanged at 62.8% and unemployment rate remains same at 3.8%.
....
Jobs report today... government reported 336k jobs added last month which was about twice as much as forecasted
This is good if this means companies don't have a labor shortage which means paying overtime and then passing overtime costs onto the customers
Labor participation rate is unchanged at 62.8% and unemployment rate remains same at 3.8%.
....
479
RWSGFY
2023 Oct 6, 3:07pm
RWSGFY
2023 Oct 6, 3:07pm
Misc says
Was at $19-21 in my neck of the woods for at least 2 past years. Fast food, pool lifeguards, all "teen jobs" really.
Meanwhile in California...to help its citizens the State of California raised the minimum wage of fast food workers to $20 an hour. Since this happens in a vacuum, expect the burger flippers to go out and buy a new Tesla, or buy a house oooooooooo aaahhhh the possibilities are endless.
What a bunch of clusterfucks. It is simply going to raise prices across the board especially rent prices. Yes, especially rent prices.
People keep voting for this commie shit. They get what they get,
Was at $19-21 in my neck of the woods for at least 2 past years. Fast food, pool lifeguards, all "teen jobs" really.
481
AD
2023 Oct 8, 1:15am
AD
2023 Oct 8, 1:15am
ad says
Zerohedge is stating the jobs report is hiding key details and is very misleading like most of the gains are part time work and due to teachers re-signing contracts to start work again in September.
https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs
.
https://www.cnn.com/2023/10/06/economy/september-jobs-report-final/index.html
Jobs report today... government reported 336k jobs added last month which was about twice as much as forecasted
This is good if this means companies don't have a labor shortage which means paying overtime and then passing overtime costs onto the customers
Labor participation rate is unchanged at 62.8% and unemployment rate remains same at 3.8%.
Zerohedge is stating the jobs report is hiding key details and is very misleading like most of the gains are part time work and due to teachers re-signing contracts to start work again in September.
https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs
.
482
AD
2023 Oct 10, 11:50pm
AD
2023 Oct 10, 11:50pm
interesting... Citgroup buying physical aluminum and zinc and is stockpiling it in a warehouse in Taiwan .. source of this metal likely is Russia ... so Citigroup may think there is going to be materials price inflation...
Secretary Blinken did not deny there are secret talks between Russia and USA that have been occurring such as in Pakistan...
https://www.bloomberg.com/news/articles/2023-10-10/citi-s-mega-metals-trade-shows-global-markets-turning-to-glut
...
Secretary Blinken did not deny there are secret talks between Russia and USA that have been occurring such as in Pakistan...
https://www.bloomberg.com/news/articles/2023-10-10/citi-s-mega-metals-trade-shows-global-markets-turning-to-glut
...
483
AD
2023 Oct 10, 11:55pm
AD
2023 Oct 10, 11:55pm
ad says
Lumber is down to 2018 price levels: https://tradingeconomics.com/commodity/lumber
Steel down to 2013 price levels: https://tradingeconomics.com/commodity/steel
Copper down to 2006-2008 price levels: https://tradingeconomics.com/commodity/steel
Maybe time to buy during the current glut in anticipation of the metals and lumber increasing in price again if economy heats up in 2025 ???
I don't trust the silver and gold markets but the other commodities may be not as rigged such as copper and steel.
Check out copper-related ETFs like United States Copper Index Fund and iPath Series B Bloomberg Copper Subindex TR ETN
.
so Citigroup may think there is going to be materials price inflation...
Lumber is down to 2018 price levels: https://tradingeconomics.com/commodity/lumber
Steel down to 2013 price levels: https://tradingeconomics.com/commodity/steel
Copper down to 2006-2008 price levels: https://tradingeconomics.com/commodity/steel
Maybe time to buy during the current glut in anticipation of the metals and lumber increasing in price again if economy heats up in 2025 ???
I don't trust the silver and gold markets but the other commodities may be not as rigged such as copper and steel.
Check out copper-related ETFs like United States Copper Index Fund and iPath Series B Bloomberg Copper Subindex TR ETN
.
484
AD
2023 Oct 11, 10:46am
AD
2023 Oct 11, 10:46am
.
everything cycles ... so now lumber and copper are in a glut ...
the next peak or boom may not be as dramatic as during the pandemic as that was exacerbated with fiscal and monetary policy extremes
.
everything cycles ... so now lumber and copper are in a glut ...
the next peak or boom may not be as dramatic as during the pandemic as that was exacerbated with fiscal and monetary policy extremes
.
485
AD
2023 Oct 11, 11:48pm
AD
2023 Oct 11, 11:48pm
.
seems like oil demand is staying constant if not decreasing... this is good if this trend continues as far as keeping oil prices in check ...
better fuel economy and electric cars are helping...
.
https://news.yahoo.com/decline-in-gasoline-demand-a-noticeable-and-permanent-change-says-analyst-193913035.html
.
https://www.api.org/products-and-services/statistics/data-visualization/tracking-oil-demand
,
https://www.statista.com/statistics/271823/global-crude-oil-demand/
.
world's oil demand in million barrels per day
.
.
seems like oil demand is staying constant if not decreasing... this is good if this trend continues as far as keeping oil prices in check ...
better fuel economy and electric cars are helping...
.
https://news.yahoo.com/decline-in-gasoline-demand-a-noticeable-and-permanent-change-says-analyst-193913035.html
.
https://www.api.org/products-and-services/statistics/data-visualization/tracking-oil-demand
,
https://www.statista.com/statistics/271823/global-crude-oil-demand/
.
world's oil demand in million barrels per day
.
.
486
richwicks
2023 Oct 12, 2:08am
richwicks
2023 Oct 12, 2:08am
ad says
At some point I have to post the the national debt, the DJIA, the Case/Shiller home index, etc, priced not in dollars, but of various commodities, like gold, silver, sugar, oil, etc.
We're in one hell of a bubble, and nobody knows it. When it pops? I have no idea, but when it does, it's a civilizational reset. Commodities are way too cheap. It's because commodities are so cheap, we create so much pollution.
You know how radios, televisions, phones, etc, were "built to last" in 1950? They really were. They were built to last for decades, but they were obsoleted within 10-20 years, and entirely obsoleted. We're entering a new age, where things can be built to last. I'm working on a 10 year old computer, and it's just FINE, I bet it's more powerful than the machine you're using to read this on now, and also cheaper.
We're ending the age of disposable goods.
Some people might think we're going to go into an age of stagnation, I prefer to think of it as an age of perfection. We're going to start building things to last, to be repaired, and we will continually improve on design.
Think about this. My phone has a 128 GB SD Card in it. I download any podcast that I want to listen to it in MP3 format. I probably put 8-12 hours of that on it per week, and I've been doing this for about 4 years, and I don't delete files from it. When I bought that card it was $30, today, it's $11.
We are at an inflection point, like it or not.
everything cycles ... so now lumber and copper are in a glut ...
At some point I have to post the the national debt, the DJIA, the Case/Shiller home index, etc, priced not in dollars, but of various commodities, like gold, silver, sugar, oil, etc.
We're in one hell of a bubble, and nobody knows it. When it pops? I have no idea, but when it does, it's a civilizational reset. Commodities are way too cheap. It's because commodities are so cheap, we create so much pollution.
You know how radios, televisions, phones, etc, were "built to last" in 1950? They really were. They were built to last for decades, but they were obsoleted within 10-20 years, and entirely obsoleted. We're entering a new age, where things can be built to last. I'm working on a 10 year old computer, and it's just FINE, I bet it's more powerful than the machine you're using to read this on now, and also cheaper.
We're ending the age of disposable goods.
Some people might think we're going to go into an age of stagnation, I prefer to think of it as an age of perfection. We're going to start building things to last, to be repaired, and we will continually improve on design.
Think about this. My phone has a 128 GB SD Card in it. I download any podcast that I want to listen to it in MP3 format. I probably put 8-12 hours of that on it per week, and I've been doing this for about 4 years, and I don't delete files from it. When I bought that card it was $30, today, it's $11.
We are at an inflection point, like it or not.
487
AD
2023 Oct 12, 11:04am
AD
2023 Oct 12, 11:04am
richwicks says
yeah my man , i see the same thing as far as inflection point and i like it ... i see local groups like repair cafe and fix-it club ... meetup and facebook are great tools to form clubs that promote this..
it is a good thing overall if it is a culture change toward more self reliance and improvement ... and also local groups like repair cafe bring different people together so it does foster some sense of community...
for my home, i even am keeping an early 2018 all-in-one hp desktop computer going by running ubuntu and using chromium browser and google workspace ...
when i was a kid we had a 19 inch color TV in the living room that we bought in the early 1980s and it lasted at least 12 years...
the Amazon Fire TV seems to be good for at least 8 years though so thats not a bad deal for $300 for a 50 inch TV along with free streaming like Pluto TV, FreeVee, Tubi, and Roku...
...
We're ending the age of disposable goods.
Some people might think we're going to go into an age of stagnation, I prefer to think of it as an age of perfection. We're going to start building things to last, to be repaired, and we will continually improve on design.
yeah my man , i see the same thing as far as inflection point and i like it ... i see local groups like repair cafe and fix-it club ... meetup and facebook are great tools to form clubs that promote this..
it is a good thing overall if it is a culture change toward more self reliance and improvement ... and also local groups like repair cafe bring different people together so it does foster some sense of community...
for my home, i even am keeping an early 2018 all-in-one hp desktop computer going by running ubuntu and using chromium browser and google workspace ...
when i was a kid we had a 19 inch color TV in the living room that we bought in the early 1980s and it lasted at least 12 years...
the Amazon Fire TV seems to be good for at least 8 years though so thats not a bad deal for $300 for a 50 inch TV along with free streaming like Pluto TV, FreeVee, Tubi, and Roku...
...
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net