Market Watch

[jyoutz]

Come on, man. By that definition, almost everyone would be illegal. The law didn't change until 1921 that would have any effect on immigration from Slovakia. Birthright citizenship applied because your ancestor was here legally. That is not the issue with anchor babies. Those are just a gross misinterpretation of the 14th Amendment. "And subject to the jurisdiction thereof" means that people who are still subjects of another nation (such as travelers, diplomats or illegal aliens) are excluded from birthright citizenship.

Seems like if people were sure of that interpretation, the SC would be the place to settle that. Yet no petitions have been requested.

 

[Torvy]

Regardless of the current rate, prices are at a new normal. This is the case in most of the first world countries. Covid and supply change disruptions and tariffs have changed prices everywhere. It’s not even valid to compare pre-pandemic prices to the changed world of today. Deflation isn’t going to occur for most things because current wage rates are baked into prices.

The pandemic was not the problem. The huge influx of M1 was the problem. Supply chain issue prices are very temporary. (Like what happens when a big storm disrupts shipping).

Deflation rarely happens because we left the gold standard. Only twice since then have we had a deflationary year. It has nothing to do with wages (other than in places with artificially high minimum wages, but even then, layoffs happen). Those two years had tiny drops in GDP. We will see another recession and potentially a small deflation again.

 

[Torvy]

Seems like if people were sure of that interpretation, the SC would be the place to settle that. Yet no petitions have been requested.

Soon

 

[jyoutz]

Soon

Then it will be settled

 

[jyoutz]

The pandemic was not the problem. The huge influx of M1 was the problem. Supply chain issue prices are very temporary. (Like what happens when a big storm disrupts shipping).

Deflation rarely happens because we left the gold standard. Only twice since then have we had a deflationary year. It has nothing to do with wages (other than in places with artificially high minimum wages, but even then, layoffs happen). Those two years had tiny drops in GDP. We will see another recession and potentially a small deflation again.

Of course we will see another recession. We have had them periodically since the inception of this country.

 

[CloverKnollFarms]

Only 60% of student loan borrowers made payments when bills restarted

Just 60% of student loan borrowers with bills due in October had made a payment by mid-November, new data by the U.S. Department of Education shows.

www.cnbc.com

 

[edgarrian]

From most everything I read about Indiana, its a fiscally responsible, well governed state thats generally attractive to industry and investment.

While at the state level that maybe true but at the local level it is not. The LEAP project has encountered a lot of push back. Basically the state acquired 5000 acres in order to have a shovel ready area to entice companies to come here. They won't need to acquire the land b/c the state already did. What's not to like about that. The fact is the state paid 72,000 per acre. YEs... thats a lot. Eli Lilly is currently the only company committed. They have started construction. Water is the big issue right now. The project is said to need 100 million gallons a day once completed. The water is suppose to come from lafayette but unsurprisingly there is a lot of people not wanting to do that who live in that area.

Indiana also has a lot of land being pursued by solar and wind companies. For the most part the people who live in the rural community do not want thousands of acres of solar nor wind. The state recently passed a bill that allows them to incentivize counties to pass less restrictive zoning laws for solar and wind projects. Basically a pay to play system. This was implemented after several counties pass restrictive ordinances b/c people dont want that **** in the backyard. Our county was set to get wind turbines until it awoken a beast within. Citizens were not happy. I did an FOIA on the commissioners and nothing is as it was being told. However they did pass zoning that was able to keep them out. Funny when we asked the state representatives if there was anything they could do help us b/c at the time it was not looking good. They said "oh thats a local matter, we dont get involved in local matters". That is until it goes the wrong way and they pass a bill to incentivize counties.

for the most part its well governed but could be better. I dont think 73k an acre is a wise move financially. I feel like the LEAP project is a good idea however the land should have been acquired for less as in market pricing

 

[edgarrian]

Rates were the highest in 80-82 because of your buddy Jimmy C‘s fiscal policies.
Same as ’22-‘24 because of the “Big Guy’s” fiscal policies in ‘21-‘22.

I think you can understand that interest rates are a lagging indicator or high inflation from a few years previous, right?

High inflation ‘78-’80 = high interest in ‘80-‘82?
High inflation ‘21-‘22 = high interest in ‘22-‘24?

See the pattern?

Unfortunately trump was president in 2020. The country was shut down and handouts were given. This helped set the stage for inflation

 

[Hay Dude]

Unfortunately ***** was president in 2020. The country was shut down and handouts were given. This helped set the stage for inflation

Pandemics are not super common-I think we give that a pass.

 

[edgarrian]

Pandemics are not super common-I think we give that a pass.

well i did not support the shutting down nor did i support the hand outs. I knew it would lead to inflation and it did. I dont give B!D3N a pass on that and I dont give Tru^^p a pass.