Trade went up about 4% from June/July to Fall, but may also have been due to Delta, or many other supply chain issues. Dunno, things are complicated.
Post-Corona Economy
Post-Corona Economy
It's not me, it's someone else.
Post-Corona Economy
You sure it wasn't just because of Biden's visit?
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
I realize these aren't 1900's steam ships, but how long does the trip take (loading, sailing, unloading, reloading, sailing, repeat)? Are they all just over there now getting loaded back up and in 5 months they'll be piled up waiting to get offloaded again?
Post-Corona Economy
Pacific freighters? Ten day crossing, give or take. Don't know about how long to load unload.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Jobless claims hit a new 52-year lowWeekly claims for unemployment benefits dropped to a new multi-decade low last week, the Labor Department reported Thursday.
At 184,000 claims, adjusted for seasonal swings, it was the lowest level of initial claims since September 1969, when the figure stood at 182,000.
It's not me, it's someone else.
Post-Corona Economy
Reconcile that with every fast food place being understaffed. Young people just not working, not collecting benefits?
Everybody died of covid and now there just aren't enough people to do these jobs?
Everybody died of covid and now there just aren't enough people to do these jobs?
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Jobless claims are people being laid off. So very few people are being laid off.
We are still 3.9 million jobs short of pre-pandemic levels.
It's not me, it's someone else.
Post-Corona Economy
And still can't seem to fill them.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Some are flooding Kellogg's automated application process to keep them from replacing those workers.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Yeah, but we're 6M better than we started 2021. So progress is happening. Maybe next year.
Oh /r/antiwork... you people are the worst.
It's not me, it's someone else.
Post-Corona Economy
I'm not a fan of Kellogg's just blanket firing those union members, but I'm also not a fan of striking. That being said, the people flooding the applications are just as shitty as the company they think they're ethically superior to.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
Kellogg IT - "Yeah we can just blanket-ban any IP that sends us more than 2 applications. GIve me 5 minutes. Will fix about 90% of the problem."
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Fuck that. That would be so annoying to deal with IP by IP.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
It can be, but not all spam firewalls are equal.
If I was Kellogg's I'd just hire some temps to come in and sort the stuff, then publicly thank the idiots who spammed the addy for giving Kelloggs a chance to hire more non-union workers.
If I was Kellogg's I'd just hire some temps to come in and sort the stuff, then publicly thank the idiots who spammed the addy for giving Kelloggs a chance to hire more non-union workers.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
Inflation news bad.
Yesterday my wife went to the grocery store and got filet cuz "it was on sale." The list price was $48/pound. Holy fuck.Wholesale prices rose 9.6% from a year ago, the highest level going back to November 2010.
The pace was even faster than the 9.2% estimate.
The core producer price index increased at a 6.9% pace, a bit slower than estimates but still the fastest ever in records dating to August 2014.
It's not me, it's someone else.
Post-Corona Economy
Yeah, I buy steak in bulk, uncut, from Costco so I can save 3-5 dollars per pound. Choice strip loins were $7 last year, they're about 10, now. Prime strip loins were about $12 last year, they are $20, now.
So.... yeah. Good times.
So.... yeah. Good times.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Fed will cut asset purchases completely by March 2022, and will probably raise rates 3x next year.
Note: This has always been a turbulent time for markets, regardless of how expected the actions are.
I'm going to go bold and say that the stock market barely moves over the next year, or goes down.
DJIA 35,641.50
S&P 500 4,648.59
NASDAQ 15,251.42
- Cake says "I'm going to predict a pretty harsh slide next year, with some recovery but resulting in the markets being lower next year."
- Leisher says "pain"
!RmindMe 12/15/2022
Note: This has always been a turbulent time for markets, regardless of how expected the actions are.
I'm going to go bold and say that the stock market barely moves over the next year, or goes down.
DJIA 35,641.50
S&P 500 4,648.59
NASDAQ 15,251.42
- Cake says "I'm going to predict a pretty harsh slide next year, with some recovery but resulting in the markets being lower next year."
- Leisher says "pain"
!RmindMe 12/15/2022
It's not me, it's someone else.
Post-Corona Economy
I was going to post something similar in the bad economic predictions thread. I just received an email from my money guy who is predicting a good year next year with "pent-up demand, gradual improvement in supply chain challenges, solid labor force growth, and productivity gains".
I think, things will go down because I believe a LOT of people are living on credit and/or deferred house payments. There's no logical or financially sound way to explain the high number of open jobs right now. I don't believe that many people died from Covid. I think people are 'holding out for management positions' and spending money they don't have.
I'm going to predict a pretty harsh slide next year, with some recovery but resulting in the markets being lower next year.
- edit - OK, merged this prediction with the above.
I think, things will go down because I believe a LOT of people are living on credit and/or deferred house payments. There's no logical or financially sound way to explain the high number of open jobs right now. I don't believe that many people died from Covid. I think people are 'holding out for management positions' and spending money they don't have.
I'm going to predict a pretty harsh slide next year, with some recovery but resulting in the markets being lower next year.
- edit - OK, merged this prediction with the above.
Post-Corona Economy
My prediction?
Pain.
Pain.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”