Post-Corona Economy

For stuff that is general.
Leisher
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Post-Corona Economy

Post by Leisher »

TheCatt wrote: Mon Sep 19, 2022 11:40 pm We stick to Dennys.com
Sorry, I didn't realize how much your family hates black people. :D
“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.”
Leisher
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Post-Corona Economy

Post by Leisher »

Interest rates expected to be bumped 3/4 a point today to fight "white hot inflation".

Walmart, Target, Kroger, Ds, and Rs team up to fight CC swipe fees.
"Swipe fees for credit cards are higher in the United States than anywhere else in the industrialized world — more than seven times as high as Europe,"
The historic streak of falling gasoline prices in the US is over

I mean, it had nowhere to go but down...
The last time the national average price for gasoline rose was June 14, when it hit a record of $5.02.
“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.”
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Post by GORDON »

GORDON wrote: Tue Jul 26, 2022 5:39 pm But I guess Chipotle is going for it:

https://www.marketwatch.com/story/robot ... 1658775070
French fry robot.

https://www.washingtonpost.com/business ... -industry/
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TheCatt
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Post-Corona Economy

Post by TheCatt »

Image
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Leisher
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Post by Leisher »

Where's the lie in that comic? Hell, weren't the stats already like 70% of guys had jerked off in their workplace or something?
GORDON wrote: Wed Sep 21, 2022 4:00 pm
GORDON wrote: Tue Jul 26, 2022 5:39 pm But I guess Chipotle is going for it:

https://www.marketwatch.com/story/robot ... 1658775070
French fry robot.

https://www.washingtonpost.com/business ... -industry/
I think there's a burger one out there too.
“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.”
TheCatt
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Post-Corona Economy

Post by TheCatt »

Leisher wrote: Wed Sep 21, 2022 9:49 pm 70% of guys had jerked off in their workplace or something?
Ewwwwwwwwwww. Men are disgusting.

I'm more a fan of WFH nooners.
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Leisher
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Post by Leisher »

Keep an eye on this storm. From what I have been told there's another one behind it, but hasn't formed into anything yet.

Image

Also...

Image
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Post-Corona Economy

Post by thibodeaux »

This is crazy: a function can give you the same output for two different sets of inputs!
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Post by GORDON »

Danny must wander the world in continuous bewilderment.
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TheCatt
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Post-Corona Economy

Post by TheCatt »

It is a pretty dramatic change in spending power for mortgages. Large # of people can just take their money and put it into 2 year bonds and get more back than their mortgage costs (4.2%)
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Post by TheCatt »

Leisher wrote: Thu Sep 22, 2022 11:58 pm Keep an eye on this storm. From what I have been told there's another one behind it, but hasn't formed into anything yet.
This morning's update has it going much further east -> Cuba + Florida
Image
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Post by GORDON »

This guy copies me two years later and also says ten years.

https://finance.yahoo.com/news/market-c ... 25008.html
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Post by Leisher »

TheCatt wrote: Fri Sep 23, 2022 8:49 am
Leisher wrote: Thu Sep 22, 2022 11:58 pm Keep an eye on this storm. From what I have been told there's another one behind it, but hasn't formed into anything yet.
This morning's update has it going much further east -> Cuba + Florida
Image
My family is rooting for it to spin west or further east. They're heading to Naples next week...
“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.”
TheCatt
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Post by TheCatt »

Leisher wrote: Fri Sep 23, 2022 10:11 am My family is rooting for it to spin west or further east. They're heading to Naples next week...
Well, it's only a cat 2 :)
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Leisher
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Post by Leisher »

Math look accurate here Catt?

Image

I guess things are much worse in Canada. Something like 64% of their income must go to owning their home?
“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.”
TheCatt
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Post by TheCatt »

Math looks accurate. I'm a little surprised the incomes are that low in DC, honestly :) Home prices went way up, mortgage rates followed, and home prices haven't come back down much.
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Leisher
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Post by Leisher »

“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.”
TheCatt
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Post by TheCatt »

Tampa notched the biggest gains, with home prices rising 31.8% in July from the year before. It was followed by Miami, which was up 31.7%, and Dallas, with a 24.7% increase.
Hope they got insured.
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Leisher
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Post by Leisher »

Seriously. 31.8% price increase over prior year and at high interest rates? Who are these home buyers?
According to the Bureau of Labor Statistics (BLS), the median wage for workers in the United States in the second quarter of 2022 was about $1,041 per week or $54,132 per year (assuming 52 weeks of work per year). Wages were 5.2% higher than a year earlier.
Per the income to own a home chart above, two average workers wouldn't be enough.

Smart people wouldn't be buying a home right now at inflated prices and interest rates. So...WTF?
“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.”
TheCatt
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Post-Corona Economy

Post by TheCatt »

Leisher wrote: Tue Sep 27, 2022 1:29 pm Who are these home buyers?
Cash buyers/investors/people leaving HCOL places.
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