Post-Corona Economy

For stuff that is general.
GORDON
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Post by GORDON »

I never meant to imply Obama, and the Dem presidents before him that couldn't get any worthwhile legislation passed, sucked. I meant to imply they were completely incompetent at their jobs. They didn't get it done, couldn't undo all the evil Reagan did that we're still falling back on in debates, and therefore were almost worse than useless.
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Leisher
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Post by Leisher »

You (Catt) are the Barry Sanders of debate. :D

Medicare for All is a Bernie Sanders plan. Remember him? The guy the Ds rigged their own primaries to ensure he wouldn't win their nomination for president.

Still waiting for actual evidence to be presented that costs will drop and service will increase or stay consistent. So far all I see are feels and wishful thinking. Also, I kind of want to know how eliminating these massive insurance companies will also affect the economy. (And I would like to see change there because banking, insurance, and college are the three biggest scams going...aside from our government.) BUT IT'S FREE!!!!!!

But yeah, the party advocating that a 5 year can decide they're a different gender and should get permanently life altering surgery and drugs, who says a man can get pregnant and a woman can have a cock, claims there are an infinite number of genders, led the way on everything the medical community got wrong on Covid and did so militantly costing people jobs and careers, passed a healthcare law that they didn't bother reading, etc. should absolutely be in charge of our health care.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Leisher
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Post by Leisher »

Another "malls are not dead" article.

Maybe being an 80s kid I'm a bit biased, but I think malls are great. They can be the heart of a community offering food, entertainment, and shopping all in one area. Also, that's as green as consumerism gets.

Now if we could just get rid of legalized shoplifting, perhaps malls would have a chance to survive.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
TheCatt
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Post by TheCatt »

I go back and forth on malls... but I probably only go to one 1x/year max.
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GORDON
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Post by GORDON »

Leisher wrote: Mon Aug 21, 2023 11:17 am Another "malls are not dead" article.

Maybe being an 80s kid I'm a bit biased, but I think malls are great. They can be the heart of a community offering food, entertainment, and shopping all in one area. Also, that's as green as consumerism gets.

Now if we could just get rid of legalized shoplifting, perhaps malls would have a chance to survive.
I go to our local mall about once a year, usually later, to a movie.

Every single time there are police and security guards everywhere, literally lining the walkways and balconies looking down, stopping the hoards of urban teens that are present from rioting, or something.

Not really a great atmosphere.
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Post by TheCatt »

GORDON wrote: Mon Aug 21, 2023 12:11 pm Every single time there are police and security guards everywhere, literally lining the walkways and balconies looking down, stopping the hoards of urban teens that are present from rioting, or something.
Holy fuck.
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Post by GORDON »

Last time I was there it really did feel like we were 10 seconds from a riot.
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Post by Leisher »

GORDON wrote: Mon Aug 21, 2023 12:11 pm Every single time there are police and security guards everywhere, literally lining the walkways and balconies looking down, stopping the hoards of urban teens that are present from rioting, or something.
You must be speaking about the theater area because this is not true for the rest of the mall. In fact, the mall has specific rules about yutes.

Side note: Cops in theaters is nothing new. Off duty cops get paid crazy big money to work theaters in uniform, and it's sanctioned by the department so they are still "official". My dad was doing these types of shifts when I was in high school and the theater was a stand along building down the street. Remember that? That shit was great, and when he worked I could go with a friend and movie hop all night. We also got to go to screenings of movies before they came out. I remember I saw Gremlins that way.

I try to never go to the theater at the mall on a weekend. The only exception would be to see a big movie on opening night, and nothing has warranted that since Endgame.

Head to the mall on a weeknight, or better yet, a weekday when school is back in session. It's a completely different experience and there is usually a lot of high quality ass walking around. (Seriously, I think the true hotties know to avoid the mall's busiest times.) I'd be genuinely curious to hear what your experience was like during off hours.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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Post by GORDON »

Of course it was down by the theater. I have no need to go to any other store there that are all marketed to women.

My kid walked through a couple years ago. I think there was a single place we had any interest in looking in, and that was the video game place that was 65% dedicated to bobble heads.
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Post by Leisher »

GORDON wrote: Mon Aug 21, 2023 1:01 pm My kid walked through a couple years ago. I think there was a single place we had any interest in looking in, and that was the video game place that was 65% dedicated to bobble heads.
There are two for me, and I assume you would be the same:
-Gamestop
-Box Lunch (Pop culture store)

Whenever I get dragged there by the wife or kids they know I'm stopping in those stores.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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Post by TheCatt »

TheCatt wrote: Wed Aug 16, 2023 1:02 pm
Leisher wrote: Wed Aug 16, 2023 11:30 am Buffet and Burry and predicting a stock market crash.
Burry has predicted 18 of the last 1 stock market crashes.

https://www.wsj.com/finance/investing/h ... _permalink
Michael Burry is the latest seer with a shaky encore. His early but successful bet on the 2007-08 housing bust made him rich and—after Christian Bale played him in the Hollywood adaptation of Michael Lewis’s “The Big Short”—famous. But he has also made at least five dire predictions about stocks in just the past four years with comments such as “could be worse than 2008” and “greatest speculative bubble of all time.”

Buying the S&P 500 instead would have made an investor money each time in the six months after his views became public. The average annualized gain was 34%—about four times the index’s long-run appreciation. His latest public warning was a one-word tweet this January from a frequently deleted account called Cassandra BC: “SELL.”
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Post by Leisher »

TheCatt wrote: Mon Aug 21, 2023 8:15 pm Burry has predicted 18 of the last 1 stock market crashes.
BTW, that made me laugh.

Ok, you have debunked Burry, but what about Buffet?
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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Post by TheCatt »

Leisher wrote: Mon Aug 21, 2023 9:03 pm Ok, you have debunked Burry, but what about Buffet?
Buffet would debunk Buffet.
he Oracle of Omaha didn't become the multi-billionaire he is today by timing the market.

"We haven't the faintest idea what the stock market is gonna do when it opens on Monday — we never have," Berkshire Hathaway (BRK-A, BRK-B) Chairman and CEO Warren Buffett said during the company's annual shareholders meeting on Saturday.

"I don't think we've ever made a decision where either one of us has either said or been thinking: 'We should buy or sell based on what the market is going to do," Buffett added, referring to his longtime business partner Charlie Munger. "Or, for that matter, what the economy is going to do."
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Post by Leisher »

Fair enough.

Now do Gordon.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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Post by GORDON »

Phrasing.
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Leisher
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Post by Leisher »

I said what I said.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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Post by TheCatt »

Leisher wrote: Mon Aug 21, 2023 10:15 pm I said what I said.
You're not my dom.
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Post by TheCatt »

Starting salaries are going down.

Image
“There are more people looking for work now, it’s just not as competitive,” he says.
Labor force participation rate hit 62.6% in July 2023, up from 61.6% in October 2020. Just shy of the pre-pandemic 10 year average of about 63% (Data here: https://www.investopedia.com/terms/p/pa ... onrate.asp).
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Post by GORDON »

I read the construction subreddits over there. People are always talking about salaries.

Lots of people say "I am starting my first job at $X per hour, is that good?" And a whole lot of people chime in, "That's the exact rate I started at 20 years ago."
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Post by TheCatt »

Avg hourly earnings for construction workers has gone from $21 in 2006 to $36.67 now. But that's all workers in construction, not just starting wages.
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