Post-Corona Economy

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Cakedaddy
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Post by Cakedaddy »

I did not. I just searched 'house' on Amazon and that was the first one.
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Post by Leisher »

Cakedaddy wrote: Mon Jul 29, 2024 10:12 pm I did not. I just searched 'house' on Amazon and that was the first one.
You should. Written poorly, but worth a chuckle.
"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 Leisher »

"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 »

I wonder how many "gig" jobs, if any, were considered in the awesome employment numbers of the last year or two. Doordash, uber, etc. Bullshit jobs that won't pay for a family or get you a mortgage.

I only ask because I remember W's jobs numbers were good his last year, but the prevailing argument was "yeah but they aren't good jobs."

I'm just always wondering where the smell of shit is coming from when I read the news.
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Post by TheCatt »

Good news: bond rates are down

Bad news: bond rates are down

https://www.cnbc.com/2024/07/31/stock-m ... dates.html

Signs of slowing economy spreading
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Post by Leisher »

Latest jobs report was weak and the market is reacting negatively.

Unemployment is up and people are starting to say "recession". It's even trending on Twitter.
"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: Fri Aug 02, 2024 9:55 am Latest jobs report was weak and the market is reacting negatively.

Unemployment is up and people are starting to say "recession". It's even trending on Twitter.
The recession that twitter has called for 18 straight Quarters might happen? Wow, twitter really is a crystal ball.
Nonfarm payrolls grew by just 114,000 in July, below the downwardly revised 179,000 in June and the Dow Jones estimate for 185,000.
The unemployment rate edged higher to 4.3%, its highest since October 2021, triggering an economic rule on recessions.
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Post by Leisher »

To be fair, it's not "only" people on Twitter, it's the videos of business/news shows and articles being shared that are openly talking recession.
"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: Fri Aug 02, 2024 10:01 am To be fair, it's not "only" people on Twitter, it's the videos of business/news shows and articles being shared that are openly talking recession.
Because there's too many people talking. People have been calling the next recession for 5 years, and it's all bullshit.
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Post by Leisher »

TheCatt wrote: Fri Aug 02, 2024 10:04 am
Leisher wrote: Fri Aug 02, 2024 10:01 am To be fair, it's not "only" people on Twitter, it's the videos of business/news shows and articles being shared that are openly talking recession.
Because there's too many people talking. People have been calling the next recession for 5 years, and it's all bullshit.
Gordon is going to feel attacked.

Didn't we go through a recession by the Oxford definition recently? Not being snarky, I remember the actual definition of a financial word being discussed. (Other than "bloodbath".)
"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 »

There's a democrat to elect, they're all lying and spending our way for short term gain, long term damage.

No one has answered my question about how much the bullshit uber/doordash jobs have been propping up "good" economic numbers.
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Post by TheCatt »

Leisher wrote: Fri Aug 02, 2024 10:26 am Didn't we go through a recession by the Oxford definition recently? Not being snarky, I remember the actual definition of a financial word being discussed. (Other than "bloodbath".)
We went through one (that no one predicted) right when the pandemic started due to all the shutdowns. Not one since.
GORDON wrote: Fri Aug 02, 2024 10:48 am No one has answered my question about how much the bullshit uber/doordash jobs have been propping up "good" economic numbers.
Depends on how they count. The unemployment survey is based on what people consider their job to be. Employed, underemployed, or unemployed.
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Post by TheCatt »

GDP growth of 3%, PCE (inflation) of 2.6 over the past year.

About as normal as the economy can look for those 2 variables.
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Post by Leisher »

When does the fed discuss rates again? Are we still looking at a possible reduction?
"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: Fri Aug 30, 2024 1:50 pm When does the fed discuss rates again? Are we still looking at a possible reduction?
Next month, and yes, almost certainly a 0.25% reduction.
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Post by Leisher »

This is a great summary of where the current corporate culture has taken us.

Wells Fargo employee found dead at her desk 4 days after she clocked in.
"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 Leisher »

*GASP* Shein and Temu products might not be awesome.

You mean the baby seat I got for $1.19 might not be up to code? Who would have thought?

Remember in The League when Ruxin came up with the legal defense of "If you spend $5 on steak, it's reasonable to assume you know it's low quality"?

Nvidea had a great week on the stock market...
"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 »

I've thought about buying some Temu shit because it's basically disposable and I wanted to get some stuff for the photography (cheap clothes). I haven't, but I sure af wouldn't trust anything real from Temu.
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Post by Cakedaddy »

I rolled the dice on a $20 laser tape measure that can measure at like 300+ feet. That would be well over $100 in the real world. It works really well. That being said, 250 feet is near impossible to measure without a tripod (500ft round trip, your aim can't deviate more than a couple of feet from the device. And you would never be able to see the laser dot at that distance to even see if you are hitting your target). But I have measured about 100 feet. It measures farther than my Bosch that does 64 feet and cost over $50.

I also bought some sanding pads, a tool that works as a wrench on nuts/bolts ranging in size from 1/4" to 1.5". Sanding pads do sand. The tool, while awkward to use, meets all expectations. Wouldn't fix a car with it, but has come in handy when I didn't want to carry a full socket set to do a couple bolts on an IT rack or something easy. I think I bought some neodymium magnets as well.

Have not bought anything that I needed to count on (other than the laser).
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Post by Leisher »

My middle kid got involved in some promotion through Temu, so she made me create an account, NOT make a purchase. However, once I signed up, the ridiculous offers got my attention, so I made a purchase for like $10. I got a bathmat that has a nice no slip bottom, a pack of t-shirts, and a dog bed. All are fine. Nothing special, but priced far better than here in the US. The dog bed alone would have been $30-$40.
"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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