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Thread: Economics Thread

  1. #3041
    Expects Yuge Games nsacpi's Avatar
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    Quote Originally Posted by sturg33 View Post
    Thanks for the data.
    you're more than welcome
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Do your think q2 gdp is going to print a negative number?

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    Quote Originally Posted by nsacpi View Post
    These series are pretty volatile month to month. I'm sure zero hedge shared last month's numbers when they came out but on the slight chance he didnt:

    full-time: +733K
    part-time: -325K
    multiple: -237K

    The net for the past two months:

    full-time: +581K
    part-time: -651K
    multimple: +2K

    Looking at the numbers compared to a year ago (June 2021)

    full-time: +6,437K (over 500K per month!)
    part-time: -48K
    multiple: +448K

    btw i'm not sure multiple jobs are a problem...it is a feature of the gig economy that has emerged in recent decades and seems to suit and benefit many workers
    No one should be questioning the health of employment as of this right now. Far more positive data points than not.

    Inflation is the only thing that matters at the moment (or at least until the Fed destroys demand).There’s been some positive news on the inflation side the last week. Hope it continues.

    I still think we are heading towards a recession (and likely in a technical recession right now).

  4. #3044
    Expects Yuge Games nsacpi's Avatar
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    Quote Originally Posted by sturg33 View Post
    Do your think q2 gdp is going to print a negative number?
    probably slightly positive
    "I am a victim, I will tell you. I am a victim."

    "I am your retribution."

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    Quote Originally Posted by nsacpi View Post
    probably slightly positive
    ****
    "I can't fix my life, but I can fix the world" said the socialist

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    being led by the dumbest people ever is demoralizing...

    "I can't fix my life, but I can fix the world" said the socialist

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    Waiting for Free Agency acesfull86's Avatar
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    Quote Originally Posted by sturg33 View Post
    being led by the dumbest people ever is demoralizing...

    For ****s sake

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    It would be nice if either side could nominate a smart person.
    "Donald Trump will serve a second term as president of the United States.

    It’s over."


    Little Thethe Nov 19, 2020.

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    Quote Originally Posted by sturg33 View Post
    being led by the dumbest people ever is demoralizing...

    Holy ****

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    We replaced the best results based president in a century with the worst one.
    Natural Immunity Croc

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    https://pubsonline.informs.org/doi/1...mnsc.2021.4082


    In this paper, we study the impact of labor unions on product quality failures. We use a product recall as our measure of quality failure because it is an objective metric that is applicable to a broad cross-section of industries. Our analysis employs a union panel setting and close union elections in a regression discontinuity design framework to overcome identification issues. In the panel regressions, we find that firms that are unionized and those that have higher unionization rates experience a greater frequency of quality failures. The results obtain even at a more granular establishment level in a subsample in which we can identify the manufacturing establishment associated with the recalled product. When comparing firms in close elections, we find that firms with close union wins are followed by significantly worse product quality outcomes than those with close union losses. These results are amplified in non–right-to-work states, where unions have a relatively greater influence on the workforce. We find that unionization increases firms’ costs and operating leverage and, consequently, crowds out investments that potentially impact quality. We also find some suggestive evidence that unions may compromise quality by hurting employee morale and by resisting technological upgrades in the firm. Overall, our results suggest that unions have an adverse impact on product recalls, and thus, product quality is an important dimension along which unions impact businesses.

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    Don't worry the seals will call it capitalism


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    Guess my free market friends aren't interested in tackling this one eh?

    Everyone knows that free markets are the best approach in a vacuum when you have fair players on both sides. Thats not the world we live in and therefore must adjust accordingly.
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    Quote Originally Posted by thethe View Post
    Guess my free market friends aren't interested in tackling this one eh?

    Everyone knows that free markets are the best approach in a vacuum when you have fair players on both sides. Thats not the world we live in and therefore must adjust accordingly.
    Tackling what? You’ve just become a Twitter repost feed. I’ll be interested to engage if you articulate your thoughts.

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    Quote Originally Posted by chop2chip View Post
    Tackling what? You’ve just become a Twitter repost feed. I’ll be interested to engage if you articulate your thoughts.
    Tackling the fact that the traditional adherence to 'Free-Markets' at all costs is destroying the middle class. My thoughts have been very clear on this topic throughout the years.

    1. Completely decouple from China despite the pain. As a nation we cannot enrich a tyrannical communist government.
    2. Restrict companies from becoming monopolies and making barrier for entry for small business impossible. I would implement something to the effect of restricting the amount of franchises that could be open by state so that smaller towns are not completely gutted because Home Depot and Walmart force all small business to close down. This would also have to include some form of restriction on online delivery as well. Since Amazon owns that space there has to be larger consideration to the damages that they are doing across the country.
    3. Encourage family building by removing all income tax for people that make less than 500K as a married couple.


    These are just small points that could help change the tide and give the middle class a chance again in this world.

    What say you?
    Last edited by thethe; 07-25-2022 at 11:53 AM.
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    Free markets are why we have such a robust middle class to begin with.

    It used to.be a handful of rich and the rest of plebs

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    Quote Originally Posted by sturg33 View Post
    Free markets are why we have such a robust middle class to begin with.

    It used to.be a handful of rich and the rest of plebs

    Used to be? Look around man - Wealth inequality has spiked like crazy because we let businesses get to big and now they are in effect the government.

    As I always say....In a VACUUM free-markets is the best system. That is not the world we live in though as human greed and straight evil (CCP) are major players in the system.
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    Quote Originally Posted by thethe View Post
    Used to be? Look around man - Wealth inequality has spiked like crazy because we let businesses get to big and now they are in effect the government.

    As I always say....In a VACUUM free-markets is the best system. That is not the world we live in though as human greed and straight evil (CCP) are major players in the system.
    We are not in a free market system today, as I have explained to you 100 times

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    I just can't understand how people can defend free markets when that system pushed all of our pension funds to help the CCP become a true threat to world peace.

    This 'system' is going to be our end if we don't change it fast.
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