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Leisher wrote: ↑Fri Oct 06, 2023 9:58 am 1. The Fed is unhappy about this because this apparently says inflation is not cooling. (Catt?)

True.

Leisher wrote: ↑Fri Oct 06, 2023 9:58 am 2. Wages aren't growing:

False. 4.2% growth is pretty good against 3.7% inflation (trailing twelve months). But, not high enough to be inflationary itself.

Leisher wrote: ↑Fri Oct 06, 2023 9:58 am Jamie Dimon says 7% interest rates and recession.

Man I hope not.

Unemployment also ticked up to 3.8%, which is good news in that more people are returning to the economy + looking for work, which should keep inflation from being too ugly.

TheCatt wrote: ↑Fri Oct 06, 2023 10:10 am False. 4.2% growth is pretty good against 3.7% inflation (trailing twelve months).

That was all from CNN.

Leisher wrote: ↑Fri Oct 06, 2023 10:20 am

TheCatt wrote: ↑Fri Oct 06, 2023 10:10 am False. 4.2% growth is pretty good against 3.7% inflation (trailing twelve months).

That was all from CNN.

I mean, it's slowing, but that's fine. That's the goal right now. Slower everything prices-related growth.

TheCatt wrote: ↑Fri Oct 06, 2023 10:10 am people are returning to the economy + looking for work

I am see better results in the applicant front. Finally. Just confirming my first hand experience that it does seem like people are looking for jobs again. Still a ton of zero experience applicants demanding top dollar, but there's at least a few that are real potential candidates demanding reasonable rates. Still higher than I used to have to pay. But, admittedly, I have traditionally underpaid.

Quick, how many recessions did they predict in 2021, 20222, and 2023?

TheCatt wrote: ↑Mon Oct 09, 2023 7:40 am Quick, how many recessions did they predict in 2021, 20222, and 2023?

So you're saying they have the same credibility as NOAA's annual "Hurricane season will be a record breaker!!!" prediction?

Leisher wrote: ↑Mon Oct 09, 2023 12:21 pm

TheCatt wrote: ↑Mon Oct 09, 2023 7:40 am Quick, how many recessions did they predict in 2021, 20222, and 2023?

So you're saying they have the same credibility as NOAA's annual "Hurricane season will be a record breaker!!!" prediction?

I'd say NOAA has more

Someday we'll have a record number of deadly hurricanes and peeps can finally pump their fists and say Yes! I was right!

Expert says housing market is currently another bubble.

Duh?

Everything is insanely overpriced, interest rates and inventory are climbing.

Target gets caught throwing out food.

I have no idea why this is a major story, but whatever. It did get me to thinking...

Why couldn't the government pass a tax law (is that where it would go?) that gives some kind of relief to a company IF they donate these items to local food banks?

Not AFTER they've expired, but rather once items get within 30 days of expiring (I assume many frozen goods last a year or a few?). The inventory technology exists so that they should know what stock needs to be rotated, so incentivize them to donate stock that isn't selling, but could feed some people.

Just a thought.

Leisher wrote: ↑Wed Oct 11, 2023 3:59 pm Why couldn't the government pass a tax law (is that where it would go?) that gives some kind of relief to a company IF they donate these items to local food banks?

That's already a thing, but as the article says...

Many retailers are incentivized via tax writeoffs to donate food to nonprofit organizations like shelters and food banks, but there is a lack of infrastructure to get it from the retailer to the distribution center safely without compromising its safety.

It's hard to do unless it's nonperishables.

TheCatt wrote: ↑Wed Oct 11, 2023 4:07 pm That's already a thing

I knew corps got write offs for financial donations, but not food.

TheCatt wrote: ↑Wed Oct 11, 2023 4:07 pm It's hard to do unless it's nonperishables.

We need to figure out how to do it. It cannot be that hard to solve this sort of logistical issue.

Leisher wrote: ↑Wed Oct 11, 2023 4:14 pm

TheCatt wrote: ↑Wed Oct 11, 2023 4:07 pm That's already a thing

I knew corps got write offs for financial donations, but not food.

TheCatt wrote: ↑Wed Oct 11, 2023 4:07 pm It's hard to do unless it's nonperishables.

We need to figure out how to do it. It cannot be that hard to solve this sort of logistical issue.

Even normal people can donate items/food/etc.

TheCatt wrote: ↑Wed Oct 11, 2023 4:16 pm

Leisher wrote: ↑Wed Oct 11, 2023 4:14 pm

TheCatt wrote: ↑Wed Oct 11, 2023 4:07 pm That's already a thing

I knew corps got write offs for financial donations, but not food.

TheCatt wrote: ↑Wed Oct 11, 2023 4:07 pm It's hard to do unless it's nonperishables.

We need to figure out how to do it. It cannot be that hard to solve this sort of logistical issue.

Even normal people can donate items/food/etc.

I know and do.

What I'm saying is that I didn't realize we had something in place where such items were encouraged to be donated before expiration.

This person is a good follow. Usually financial related items. This one's interesting a bit, mostly because the current administration says the economy is doing so great that we can "absolutely" enter a second war.
Cool breakdown of news

50% of Americans expect to cut their discretionary spending over the next 12 months, according to J.P. Morgan, $JPM.

Good, stop cloggin up my planes!

Great stuff!

The economy is perfect. Let's get into more wars! If the people struggle, they can just eat cake.

Yes but you see inflation was only 3.2% this year, as reported by the same people telling us the economy is great.