Page 49 of 85
Post-Corona Economy
Posted: Tue Sep 27, 2022 2:28 pm
by Leisher
Bad investors considering "experts" think prices are going to start going the other way, inventory is rising, and home sales are slowing.
Post-Corona Economy
Posted: Tue Sep 27, 2022 2:37 pm
by TheCatt
Leisher wrote: ↑Tue Sep 27, 2022 2:28 pm
Bad investors considering "experts" think prices are going to start going the other way, inventory is rising, and home sales are slowing.
Investors buying to get yield from renting, not reselling.
Post-Corona Economy
Posted: Tue Sep 27, 2022 2:40 pm
by Leisher
Still risky in this economy unless they have the funds to ride it out.
Post-Corona Economy
Posted: Wed Sep 28, 2022 11:06 am
by TheCatt
10 year bonds hit 4.0% before the UK intervened in their domestic bond markets. Back down to 3.8%
Post-Corona Economy
Posted: Wed Sep 28, 2022 12:10 pm
by TheCatt
Leisher wrote: ↑Fri Jul 29, 2022 10:11 pm
Just interesting how the definition, or at least according to folks on both sides, changes based on who is in office.
GORDON wrote: ↑Thu Jul 28, 2022 4:57 pm
Sounds like it's Michael Scott who has to stand up and shout, "I DECLARE
BANKRUPTCYRECESSION! instead of it being a fixed, objective set of conditions that don't care about politics.
To be clear, the definition of a recession hasn't changed since 1978. Anyone tell you otherwise is lying to you.
Recession
The NBER's traditional definition of a recession is that it is a significant decline in economic activity that is spread across the economy and that lasts more than a few months. The committee's view is that while each of the three criteria—depth, diffusion, and duration—needs to be met individually to some degree, extreme conditions revealed by one criterion may partially offset weaker indications from another. For example, in the case of the February 2020 peak in economic activity, we concluded that the drop in activity had been so great and so widely diffused throughout the economy that the downturn should be classified as a recession even if it proved to be quite brief. The committee subsequently determined that the trough occurred two months after the peak, in April 2020. An expansion is a period when the economy is not in a recession. Expansion is the normal state of the economy; most recessions are brief. However, the time that it takes for the economy to return to its previous peak level of activity may be quite extended.
Today's economic mediocrity does not meet those criteria.
Post-Corona Economy
Posted: Wed Sep 28, 2022 2:09 pm
by TheCatt
TheCatt wrote: ↑Tue Jun 15, 2021 4:21 pm
Lumber coming back down to earth, has a ways to go.
Lumber prices are back to pre-pandemic prices.
Post-Corona Economy
Posted: Wed Sep 28, 2022 2:24 pm
by Leisher
TheCatt wrote: ↑Wed Sep 28, 2022 12:10 pm
To be clear, the definition of a recession hasn't changed since 1978. Anyone tell you otherwise is lying to you.
Why'd it take two months to find that definition?
Oxford dictionary says it's this:
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Also, my point was about the MSM labeling things, which technically correct or incorrect, and most people believing it.
Post-Corona Economy
Posted: Wed Sep 28, 2022 3:05 pm
by Leisher
Post-Corona Economy
Posted: Wed Sep 28, 2022 3:52 pm
by TheCatt
Leisher wrote: ↑Wed Sep 28, 2022 2:24 pm
Why'd it take two months to find that definition?
Cuz people just keep harping on it, and I'm sick of it. (not here specifically, but reminded me of our chat, so figured i'd share the history here since i had elsewhere)
Post-Corona Economy
Posted: Wed Sep 28, 2022 5:17 pm
by GORDON
Time to fix my bed frame that got damaged from vigorous use.
Fuck all y'all.
Post-Corona Economy
Posted: Thu Sep 29, 2022 2:53 pm
by Leisher
H&M testing "return fees" that will only apply to online shopping.
Used car prices are insane.
Bed Bath & Beyond continues to struggle.
Bed Bath & Beyond is adjusting its inventory by eliminating one-third of its own brands and adding well-known brands and new direct-to-consumer brands back into the mix.
Call me crazy, but maybe not having items more expensive than what a store down the street sells them at could help?
Post-Corona Economy
Posted: Thu Sep 29, 2022 3:00 pm
by TheCatt
i wonder how long it will take to get used car prices back to normalish considering the 2+ years of lowered production
Post-Corona Economy
Posted: Thu Sep 29, 2022 3:02 pm
by Leisher
Gordon will say 10 years, but he's busy repairing a bed he's been face down on a lot lately.
Post-Corona Economy
Posted: Thu Sep 29, 2022 3:33 pm
by GORDON
7+ years to normality, from first prediction.
Post-Corona Economy
Posted: Thu Sep 29, 2022 6:59 pm
by Leisher
Post-Corona Economy
Posted: Thu Sep 29, 2022 8:13 pm
by TheCatt
More like a way overinflated balloon finally starting to pop.
Post-Corona Economy
Posted: Thu Sep 29, 2022 9:45 pm
by Leisher
I just liked the ending. Morons.
Post-Corona Economy
Posted: Thu Sep 29, 2022 11:20 pm
by Leisher
Posting the whole tweet so you can click it and see the thread. Other people confirming this with photos of their own and whatnot.
Is there something going on with just that intersection?
Post-Corona Economy
Posted: Fri Sep 30, 2022 12:05 am
by Cakedaddy
Are we sure the station is opening? I've seen new gas stations going in and prices being like 8.88 when the system first fires up. .02 difference between grades tells me they aren't actually open and selling at those prices.
Post-Corona Economy
Posted: Fri Sep 30, 2022 6:48 am
by GORDON
Without any facts, my guess is right next to the airport's rental car return area.