A Recession. In this economy?

[happycamper]

On 2/3/2023 at 2:57 PM, Billings said:

It is the age group all the old farts bitch about having no work ethic.  But then I remember my grandpa bitching about the same thing of my generation.  We were a Long haired worthless group that won't work hard anymore.  Not long hair anymore just those damn video gamers

 

go through the whole thread. it is amazing. 

[AztecSU]

On 2/3/2023 at 1:24 PM, happycamper said:

 

go through the whole thread. it is amazing. 

Yep, same thing as Juvenoia...it actually reveals the turning of the gens and the older gens reaction to the change. 

[grandjean87]

On 2/3/2023 at 2:23 PM, happycamper said:

meh. I had that attitude coming out of college too. didn't last very long lol. 

Say you you didn't read that quoted post very closely without saying it. Lol. 

[happycamper]

On 2/3/2023 at 4:54 PM, grandjean87 said:

Say you you didn't read that quoted post very closely without saying it. Lol. 

you're reading a lot more into my comment than i put in there. it was just a personal anecdote. 

[madmartigan]

On 2/3/2023 at 2:24 PM, happycamper said:

 

go through the whole thread. it is amazing. 

LOL, so the whole "young kids these days" refrain is as evergreen as it gets. I'd wager the "This country is going to hell in a handbasket" refrain is also evergreen. 

[RSF]

On 2/3/2023 at 4:16 PM, madmartigan said:

LOL, so the whole "young kids these days" refrain is as evergreen as it gets. I'd wager the "This country is going to hell in a handbasket" refrain is also evergreen. 

It more larch...

[grandjean87]

On 2/3/2023 at 3:12 PM, happycamper said:

you're reading a lot more into my comment than i put in there. it was just a personal anecdote. 

No, lol. After a week-plus off of posting here just had a little feistiness stored up.  Yeh, many have those periods in their lives where working harder and longer hours is reality.  I'm just seeing it more celebrated than compared to past recent times in my circle. 

[Spaztecs]

On 2/3/2023 at 2:17 PM, retrofade said:

The far right argument is that those numbers don't count; because of some nebulous number (they can't ever define how many) of people that have supposedly just given up on working in favor of getting government handouts. 

It's true.

I've seen some articles. No known numbers or estimates, but many younger men are dropping out of the workforce because the only jobs available to them are minimum wage stuff.

 

[Spaztecs]

On 2/3/2023 at 2:20 PM, Nevada Convert said:

Inflation is often caused by an over-heated economy. No one is complaining about no jobs. LOL. Everyone is complaining about fvcking inflation. That’s what people want fixed.

Two problems to fixing "inflation"

One is us and our insatiable desire for consumer goods post pandemic. We may be okay, but many Industries are still struggling to get their supply chains, resources extraction, and distribution going again.

Secondly, the flat out greed of Big Oil. The mother phuckers are rolling back their massive profits into Stock buybacks instead of investing in new extraction platforms and refineries.

They don't give a damn about that we are being squeezed. They just want it all.

[tspoke]

On 2/3/2023 at 2:20 PM, Nevada Convert said:

Inflation is often caused by an over-heated economy. No one is complaining about no jobs. LOL. Everyone is complaining about fvcking inflation. That’s what people want fixed.

Everyone has been talking about the coming recession and how it would be damn near impossible to get inflation under control without causing a recession. Well, inflation has been coming down(slowing)since summer, flat the last several months and a recession doesn't appear to be coming soon so, its great news and they may land the soft landing. 

[grandjean87]

On 2/3/2023 at 4:08 PM, Spaztecs said:

Two problems to fixing "inflation"

One is us and our insatiable desire for consumer goods post pandemic. We may be okay, but many Industries are still struggling to get their supply chains, resources extraction, and distribution going again.

Secondly, the flat out greed of Big Oil. The mother phuckers are rolling back their massive profits into Stock buybacks instead of investing in new extraction platforms and refineries.

They don't give a damn about that we are being squeezed. They just want it all.

"Inflation is always a monetary problem" -- some old dead dude. 

Anyway, it's not a two simple thing matter. Energy is an important sector, but by itself it's not the driver of recent inflation.  It's 100+ years since the advent of the modern consumer economy.  Greatest increases in standards of living globally correspond to that.  Rising prices seem a small price to pay, and besides it looks like that has already tempered.  

[sactowndog]

On 2/3/2023 at 11:04 AM, Spaztecs said:

In the world of the Elite you live in, you are correct.

You ain't seeing the world that has fallen behind inflation and in wages. Loads and loads of people in my world are still suffering. More will with the coming downturn. More and more homeless camps everywhere you bother to look. A society that looks down upon and victimizes those who have been left behind.

It's pretty obvious you wear First World blinders so you don't have to see the real world.

I’m guessing some of this delta is age related.  Boomers with surging home equity are doing great.  Millennials who are spending way more on shelter not so well.   My child spends 3X what I do for shelter.   I’m on a 5 acre lot and he’s in a townhome.  

[GoDogs22]

I would have put money down that this would be an NYTPitchbot headline, but nope, Politico.  Somehow the jobs report is too good for Biden, and that's a problem.

[toonkee]

On 2/3/2023 at 1:24 PM, happycamper said:

 

go through the whole thread. it is amazing. 

It really was amazing. Another thing equally evergreen is that "times are tough". I don't think I've ever lived in a time when politicians or talking heads weren't telling me that "regular folks" are struggling to make ends meet and living paycheck to paycheck. It's always a bad economy somehow.

 

[NVGiant]

On 2/4/2023 at 12:52 AM, toonkee said:

It really was amazing. Another thing equally evergreen is that "times are tough". I don't think I've ever lived in a time when politicians or talking heads weren't telling me that "regular folks" are struggling to make ends meet and living paycheck to paycheck. It's always a bad economy somehow.

 

Unless talking about the economy  in hindsight … when there was a chicken in every pot. Now, though, times are tough.

[retrofade]

On 2/3/2023 at 6:03 PM, Spaztecs said:

It's true.

I've seen some articles. No known numbers or estimates, but many younger men are dropping out of the workforce because the only jobs available to them are minimum wage stuff.

 

My point is that it's not nearly as prevalent as the right makes it out to be. Further, I don't recall them ever making the same claims during Trump's time as President... but I sure as hell remember is during Obama's Presidency, and now Biden's.

They change the rules whenever it suits them to do so, and then the rubes believe it and use it as a rallying cry. 

[Spaztecs]

On 2/3/2023 at 7:49 PM, grandjean87 said:

"Inflation is always a monetary problem" -- some old dead dude. 

Anyway, it's not a two simple thing matter. Energy is an important sector, but by itself it's not the driver of recent inflation.  It's 100+ years since the advent of the modern consumer economy.  Greatest increases in standards of living globally correspond to that.  Rising prices seem a small price to pay, and besides it looks like that has already tempered.  

I got a good chuckle out of your first sentence.

 

As to the rest, while being theoretically true, on the ground, the working classes, are taking it in the shorts. All on this Board and their circles are fairly immune to the effects of inflation . Like the Covid vaxx, you may get infected and suffer some, but you will ultimately survive and prosper. The unvaxxed and unwashed masses do 95% of the suffering and dying.

We have masses of the working poor living in their cars. Once a month or so the cops tell these encampments to move along and many of these cars are abandoned because they need repair.  Now these folks are without shelter. The so called shelters are over crowded cess pools of the wrong sort of humanity so they live under bridges.

 

This so called soft landing has destroyed these people and we act as if it's their fault and they don't matter. We have inflated them right out of their jobs and homes.

We have become a third world nation with a massive rift between the have and the have nots. Why ? Simply because tha haves want a larger slice of the pie.

 

Inflations and recessions have very real and dire consequences for an exponentially growing segment of the population.

[Spaztecs]

On 2/3/2023 at 8:43 PM, GoDogs22 said:

I would have put money down that this would be an NYTPitchbot headline, but nope, Politico.  Somehow the jobs report is too good for Biden, and that's a problem.

I have no doubt the Republicans will take credit for a good Economy simply because their control of the House literally changed,  everything.

[Spaztecs]

On 2/4/2023 at 1:52 AM, toonkee said:

It really was amazing. Another thing equally evergreen is that "times are tough". I don't think I've ever lived in a time when politicians or talking heads weren't telling me that "regular folks" are struggling to make ends meet and living paycheck to paycheck. It's always a bad economy somehow.

 

No matter how good the Economy is, the working poor are always one missed paycheck away from diaaster.

 

[grandjean87]

On 2/4/2023 at 8:57 AM, Spaztecs said:

I got a good chuckle out of your first sentence.

 

As to the rest, while being theoretically true, on the ground, the working classes, are taking ot on the shorts. All on this Board and their circles are fairly immune to the effects of inflation . Like the Covid vaxx, you may get infected and suffer some, bit you will ultimately survive and prosper. The unvaxxed and unwashed masses do 95% of the suffering and dying.

We have masses of the working poor living in their cars. Once a month or so the cops tell these encampments to move along and many of these cars are abandoned because they need repair.  Now these folks are without shelter. The so called shelters are over crowded cess pools of the wrong sort of humanity so they live under bridges.

 

This so called soft landing has destroyed these people and we act as if it's their fault and they don't matter. We have inflated them right out of their jobs and homes.

We have become a third world nation with a massive rift between the have and the have nots. Why ? Simply because tha haves want a larger slice of the pie.

 

Inflations and recessions have very real and dire consequences for an exponentially growing segment of the population.

Most of those social problems have to do with structural problems in our macro economy and society in general.  They have long existed. 

My narrower point was Big Oil stock buybacks are not half the causation of recent inflation any more than Biden's last round of stimulus was the key reason for this recent inflated era (as my accountant friend once or twice so declared).   It is incredibly multi-faceted (and global) and now even a poultry epidemic is adding to working class woes here (friend just lost their whole flock of hundreds of laying hens).   

Anyway, I don't subscribe to a lot of simple  explanations for complex social situations and problems.  I don't think the well off are directly causing the not well off to suffer.