Author Topic: Non-Political Market/Economy/Finance/etc. Thread  (Read 24672 times)

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Offline pissclams

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #350 on: September 11, 2023, 10:16:46 AM »


Cheesy Mustache QB might make an appearance.

New warning: Don't get in a fight with someone who doesn't even need to bother to buy ink.

Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #351 on: September 11, 2023, 11:25:25 AM »
MS and WV having their own shade of color not even on the chart for per capita income probably just means they are incredibly wealthy

Offline pissclams

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #352 on: September 11, 2023, 11:59:39 AM »
lol


Cheesy Mustache QB might make an appearance.

New warning: Don't get in a fight with someone who doesn't even need to bother to buy ink.

Offline IPA4Me

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #353 on: September 11, 2023, 03:09:50 PM »
If it wasn't for the petrochemical industry along the coast, Louisiana would be dead.

Offline mocat

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #354 on: September 11, 2023, 03:20:09 PM »
nevada and kansas have the same GDP? ok

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #355 on: September 11, 2023, 03:30:06 PM »
Hollywood Casino is a cash machine
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

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Offline cfbandyman

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #356 on: September 11, 2023, 11:46:56 PM »
I like that a few are so small they don't even put a number
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Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #357 on: September 13, 2023, 07:39:41 AM »
3.7% AUGUST CPI! HAMMER INCOMING!

:sdeek:

https://twitter.com/charliebilello/status/1701937942426440098?s=46&t=odWzhuZU7P443NcVwlC1iQ


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Offline wetwillie

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #358 on: September 13, 2023, 08:09:57 AM »
Is transportation the non fuel related cost associated with driving?  As in people are paying higher car payments?
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Offline Justwin

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #359 on: September 13, 2023, 08:52:17 AM »
Is transportation the non fuel related cost associated with driving?  As in people are paying higher car payments?

It includes vehicles (new and used), fuels (gas and diesel), vehicle insurance, vehicle maintenance & repairs, vehicle parts, vehicle fees, airfares and public transportation costs.

Offline Justwin

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #360 on: September 13, 2023, 09:02:52 AM »
3.7% AUGUST CPI! HAMMER INCOMING!

:sdeek:

https://twitter.com/charliebilello/status/1701937942426440098?s=46&t=odWzhuZU7P443NcVwlC1iQ


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Headline: Inflation was so bad last year that real household income tumbled the most in 12 years, causing families severe economic pain

https://fortune.com/2023/09/12/real-household-income-inflation/

It always cracks me up when economists, journalists and politicians wonder why Americans are so down on the economy when unemployment is very low.

Some other interesting things from the article:
  • Official poverty rate was down to 11.5% from 11.6%
  • Supplemental poverty rate rose to 12.4% due to no stimulus check and no extra child tax credit
  • Median income for 90th percentile fell to $216,000 while median income for 10th percentile rose to $17,000
  • Gini coefficient fell to 0.488

Offline wetwillie

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #361 on: September 13, 2023, 03:10:37 PM »
Is transportation the non fuel related cost associated with driving?  As in people are paying higher car payments?

It includes vehicles (new and used), fuels (gas and diesel), vehicle insurance, vehicle maintenance & repairs, vehicle parts, vehicle fees, airfares and public transportation costs.

I'm surprised that category is at +10% when Gasoline is down -3%.
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Offline steve dave

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #362 on: September 13, 2023, 03:37:38 PM »
Is transportation the non fuel related cost associated with driving?  As in people are paying higher car payments?

It includes vehicles (new and used), fuels (gas and diesel), vehicle insurance, vehicle maintenance & repairs, vehicle parts, vehicle fees, airfares and public transportation costs.

I'm surprised that category is at +10% when Gasoline is down -3%.

I haven't looked at all the parts but I know airfare was way up but will be coming down a lot soon.

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #363 on: September 13, 2023, 03:58:15 PM »
Is transportation the non fuel related cost associated with driving?  As in people are paying higher car payments?

It includes vehicles (new and used), fuels (gas and diesel), vehicle insurance, vehicle maintenance & repairs, vehicle parts, vehicle fees, airfares and public transportation costs.

I'm surprised that category is at +10% when Gasoline is down -3%.

I haven't looked at all the parts but I know airfare was way up but will be coming down a lot soon.

HOW SOON?!?!

Offline Kat Kid

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #364 on: September 13, 2023, 04:40:56 PM »
I was looking at a chart for inflation and it had “food in the workplace/schools up 57%” and I was mad again about the US getting rid of free school lunch.

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #365 on: September 13, 2023, 04:57:50 PM »
I was looking at a chart for inflation and it had “food in the workplace/schools up 57%” and I was mad again about the US getting rid of free school lunch.

it's wild how we solved all child poverty in our country during covid with like 0.2% of the military budget and then were just like, NEVER AGAIN!

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #366 on: September 13, 2023, 07:21:24 PM »
I was looking at a chart for inflation and it had “food in the workplace/schools up 57%” and I was mad again about the US getting rid of free school lunch.

it's wild how we solved all child poverty in our country during covid with like 0.2% of the military budget and then were just like, NEVER AGAIN!
Must feed the military industrial complex.


Offline Kat Kid

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #367 on: September 13, 2023, 09:17:38 PM »
I was looking at a chart for inflation and it had “food in the workplace/schools up 57%” and I was mad again about the US getting rid of free school lunch.

it's wild how we solved all child poverty in our country during covid with like 0.2% of the military budget and then were just like, NEVER AGAIN!
It was so simple and easy and good and we said “this sucks!”

The Child Tax Credit is actually dumb in its administration and we should have just paid it through the Social Security administration but it was at least a step in the right direction and we also just said “what if instead we roll back child labor protections and see how many kids we can maim and kill in slaughterhouses so we can get an update to the Jungle?”

Offline sys

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #368 on: September 14, 2023, 03:24:41 AM »
The Child Tax Credit is actually dumb.

correct.
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Offline Cire

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #369 on: September 14, 2023, 06:41:40 AM »
I was looking at a chart for inflation and it had “food in the workplace/schools up 57%” and I was mad again about the US getting rid of free school lunch.

it's wild how we solved all child poverty in our country during covid with like 0.2% of the military budget and then were just like, NEVER AGAIN!
It was so simple and easy and good and we said “this sucks!”

The Child Tax Credit is actually dumb in its administration and we should have just paid it through the Social Security administration but it was at least a step in the right direction and we also just said “what if instead we roll back child labor protections and see how many kids we can maim and kill in slaughterhouses so we can get an update to the Jungle?”
This chapter will be titled “the second gilded age” when our grand kids/great grand kids take a history class in their future charter schools


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Offline Kat Kid

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #370 on: September 14, 2023, 07:43:29 AM »
The Child Tax Credit is actually dumb.

correct.
I have come to really dislike the tax credit way in which we do any social program. The old one was dumb the new one was dumb in its administration. Giving children and other non workers money to ensure that they are cared for is absolutely the right thing to do.

Offline KITNfury

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #371 on: September 14, 2023, 09:53:51 AM »
If I just stop paying for my kid's lunches will they stop feeding or teaching my kid?
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Offline Justwin

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #372 on: September 14, 2023, 10:05:46 AM »
3.7% AUGUST CPI! HAMMER INCOMING!

:sdeek:

https://twitter.com/charliebilello/status/1701937942426440098?s=46&t=odWzhuZU7P443NcVwlC1iQ


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I went and looked at the actual CPI data this morning and it is Transportation Services that is up 10.3%. This includes motor vehicle maintenance and repair, motor vehicle insurance and airline fares. The maintenance and repair and insurance components are driving this increase. Airline fares are actually down year over year.

The overall Transportation index is up 1.3% from Aug 2022 to Aug 2023.  The overall Transportation index is also up 1.3% from July 2023 to Aug 2023.

Offline sys

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #373 on: September 14, 2023, 07:20:12 PM »
The Child Tax Credit is actually dumb.

correct.
I have come to really dislike the tax credit way in which we do any social program. The old one was dumb the new one was dumb in its administration. Giving children and other non workers money to ensure that they are cared for is absolutely the right thing to do.

i agree with you on running everything through the tax code.

this is going to violate the non-political tag of this thread, but the ctc in particular is being very oversold.  for example, the claim that it reduced "child poverty" makes it sound as if this was an independent measure of the effect.  but of course it's not.  it's just a calculation that if you give the amount of money given out, then mechanically this raises a number of families with children to an income that's over the poverty level.  i have no doubt that there was a concurrent rise in the welfare of poor children whose families received the tax credit, but we shouldn't pretend that we've measured what that benefit was.  we don't know.

the claim that the ctc was super cheap is also false.  in fact, the cost is a big reason it wasn't renewed.  it would have cost 170 billion a year to renew, which is more than twice as much as (the accounting value of mostly surplus and obsolete equipment) we've given ukraine (over a multi-year period).  it's like 20% of the military budget (most of which is salary and benefits, which if cut would also increase child poverty).  it's more than the bipartisan infrastructure bill and the inflation reduction act.

and most of that cost did nothing to reduce child poverty, because it was sent to taxpayers like you, simply as a payment from the government to people suffering no economic hardship, based on the dubious criteria of currently having a child under the age of 18.

https://twitter.com/MarcGoldwein/status/1701671372819214634

meanwhile we shouldn't act like there are no tradeoffs involved in spending money.  we are on track for something like a two trillion deficit this year.  at a time when the economy is growing rapidly and the govt is spending like 5% (i'm guessing, didn't try to look it up) in interest on dept.  we have to either raise revenues (seems unlikely) or cut spending (even less likely).  the one thing we can do fairly easily to try and rationalize the budget is not take on new large spending programs.  and we already have an extremely progressive tax code with a very low tax burden for lower income families.

https://twitter.com/crampell/status/1702131547833344285
« Last Edit: September 14, 2023, 08:01:19 PM by sys »
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Offline IPA4Me

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Re: Non-Political Market/Economy/Finance/etc. Thread
« Reply #374 on: September 20, 2023, 03:35:04 PM »
Markets didn't like higher for longer and the possibility 25 bps in November.

Puts paid well today.