Bad Economic Predictions

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Leisher
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Bad Economic Predictions

Postby Leisher » Fri Aug 23, 2019 5:01 pm

While mowing today I seriously contemplated making a dummy Twitter account just to tweet this stuff at the President.

It would make so much sense for him to use this as a means of fighting China's piracy, corporate espionage, and pollution. Ending that shit would be huge wins for the world.
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Postby TheCatt » Fri Aug 23, 2019 5:48 pm

It would, but I don't think China cares.

And one else pondering how muxh of our electric grid is already compromised by China or just me?
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Postby GORDON » Fri Aug 23, 2019 6:23 pm

I have a really good roof for solar panels. Been tempted for a while.
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Postby TheCatt » Fri Aug 23, 2019 6:27 pm

GORDON wrote:Source of the post I have a really good roof for solar panels. Been tempted for a while.

We do too, actually. Probably not a bad idea. Was planning the do that and a battery once I got an electric car.

I was thinking guns, food and water :)
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Postby GORDON » Fri Aug 23, 2019 7:34 pm

I plan on defeating post-apocalyptic enemies with my cutting wit and disarming demeanor.
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Postby TheCatt » Fri Aug 23, 2019 7:48 pm

GORDON wrote:Source of the post I plan on defeating post-apocalyptic enemies with my cutting wit and disarming demeanor.

Well, suicide is a plan.

Wake County, where Thib + I live, requires you to show up IN person to get a permit processed for a handgun.
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Postby Vince » Sat Aug 24, 2019 6:17 am

TheCatt wrote:Wake County, where Thib + I live, requires you to show up IN person to get a permit processed for a handgun.

To carry?
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Postby TheCatt » Sat Aug 24, 2019 7:58 am

Vince wrote:Source of the post
TheCatt wrote:Wake County, where Thib + I live, requires you to show up IN person to get a permit processed for a handgun.

To carry?

To buy. Long gun, just an ID is needed.
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Postby Vince » Sun Aug 25, 2019 8:42 pm

TheCatt wrote:To buy. Long gun, just an ID is needed.

Would be surprised if this isn't being challenged in court. Seems to violate the whole "shall not be infringed" part. I really wish both sides of both debates would look at voting rights and firearm rights the same as far as what is an acceptable burden to place on the exercise of that right.
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Postby TheCatt » Sun Aug 25, 2019 8:47 pm

Vince wrote:Source of the post
TheCatt wrote:To buy. Long gun, just an ID is needed.

Would be surprised if this isn't being challenged in court. Seems to violate the whole "shall not be infringed" part. I really wish both sides of both debates would look at voting rights and firearm rights the same as far as what is an acceptable burden to place on the exercise of that right.

Well, we had an overwhelmingly Republican state government: House, Senate, + Governor at the time the bill was passed. I didnt even know the law existed until this week.
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Postby TheCatt » Sun Aug 25, 2019 8:49 pm

Info about the law
A new law in North Carolina requires mental health checks from every county in the state where a handgun permit applicant has lived.

In some counties, the new check is stopping some people from buying a gun who wouldn't have otherwise been caught by the federal system that was in place before December 1. But it's also causing sometimes lengthy delays in the process because records have to be physically checked, rather than referenced online.

"Those records would still be paper records, or maybe they have an internal index of names," said Lori Vesely, who researches handgun permit requests in North Carolina.

I've lived in... 1, 2, 3, 4, 5, 6 counties in this state. Ugh.
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Postby Vince » Mon Aug 26, 2019 7:16 am

TheCatt wrote:Well, we had an overwhelmingly Republican state government: House, Senate, + Governor at the time the bill was passed. I didnt even know the law existed until this week.

I'm guessing from looking at the dates that this was a reaction to the SC church shooting with Republicans wanting to show they aren't racist.
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Postby TheCatt » Wed Aug 28, 2019 10:48 am

Rich people spending less. But the not rich are still spending.

The savings of the rich has also exploded, more than doubling over the past two years, suggesting that the wealthy are hoarding cash. The middle earners, or those in the 40% to 89.9% of the income distribution, have largely picked up the spending slack from the rich.

“If job growth slows any further, unemployment will begin to rise, (the middle earners) will pack it in, resulting in an economic downturn,” Zandi said.
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Postby Leisher » Thu Aug 29, 2019 11:08 am

“I'm proud to introduce our new head coach, Mike Tomlin”
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Postby TheCatt » Thu Aug 29, 2019 11:42 am


The report identified the trend as a "yellow warning sign rather than a red one."

Only yellow according to the article.

There' definitely softening, but nothing screams recession yet.
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Postby Leisher » Thu Aug 29, 2019 2:19 pm

Headline I clicked said "red", so I guess this just reinforces Vince's point about the MSM's dangerous hyperbole.
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Postby Leisher » Thu Aug 29, 2019 4:28 pm

“I'm proud to introduce our new head coach, Mike Tomlin”
― Dan Snyder

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Postby TheCatt » Tue Sep 03, 2019 10:14 am

US Manufacturing contracted in August 2019

The ISM U.S. manufacturing PMI (purchasing managers’ index) declined to 49.1 in August, the lowest reading since January 2016. Any reading below 50 signals a contraction.
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Postby Vince » Fri Sep 20, 2019 12:44 pm

"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren

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Bad Economic Predictions

Postby TheCatt » Fri Sep 20, 2019 2:07 pm

Chinese delegation leaving early.

And probably not because they made a ton of progress quickly.
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