I love Kylas smorgasbord of thoughts and chili peppers. So difficult to cite my most favorite excerpt but will stick with:
"If we can create a world where our people are taken care of, have a place to live, are not constantly worried about where the next meal is coming from - that’s net positive for *everyone*."
In short, an extremely informative overview of our dilemmas today in the economy and more information is always at least somewhat uplifting. Thanks Kyla
Ok! So being Mexican from the spicy north people ask me about how to handle spicy...I always tell them...wear gloves..thats it...peppers are hard for us to chop. So milk works ok cause of the Ph of milk, water or sparkling water just sloshes the pepper oil around...bread is also very good..or tortilla, whatever is handy
T-shirt idea "climb HARDER"... I worked at Target last year in the "sortation" ...it's an awful job and it's usually been awful pay....24 an hour is a mediocre salary for an awfully job...so marginally better. There is clear labor hierarchy, white college students become managers and folks of color be sortin
I agree with almost everything you said. I think it’s important to note that companies didn’t just decide to charge more out of left field. Companies charge what the market will allow. Love it or hate it that’s the way it is. They were able to charge more, and people were willing to pay it bc everyone was flush with stimmie cash. So it all comes back to the fed/congress. If they hadn’t overreacted the excess money wouldn’t have been in circulation and those inflated prices would have never been possible to sustain imo. Just my $0.02.
Definitely not paying to read it. But I get the gist. My point stands....Companies are in business to make money. They’ll charge what the market will sustain. When people are flush with cash, especially cash they didn’t work for, the market will naturally sustain higher prices. I’m not “blaming” anyone. I think try to assign blame to something as objective as the law of supply and demand is reductive. Have a great day. Enjoy your work.
supply and demand is the basis of the entire economy. it's largely a function of what the Fed pays attention to and is equivalent to the force of gravity for markets. You're describing the basics of capitalism, which of course applies here. You can also read the Fed's own research (Kansas City Branch) on how firms handled price hikes and how that led to outsized inflation. Hope that helps.
This is a great post! This isn't a recession as much as it is the end of record profits era. It's a correction. And much like hardliners say that people should have planned for tighter times, corporations should have told investors that 16% returns are not realistic and that some of the dividends will be held back for the sake of employees.
But also , Microsoft hired 40k in the last year, tech knows there are downturns and yet...
I love Kylas smorgasbord of thoughts and chili peppers. So difficult to cite my most favorite excerpt but will stick with:
"If we can create a world where our people are taken care of, have a place to live, are not constantly worried about where the next meal is coming from - that’s net positive for *everyone*."
In short, an extremely informative overview of our dilemmas today in the economy and more information is always at least somewhat uplifting. Thanks Kyla
thanks Robert!
Very Insightful! ☺
thanks!
Thank you Kyla!
you're welcome!
Ok! So being Mexican from the spicy north people ask me about how to handle spicy...I always tell them...wear gloves..thats it...peppers are hard for us to chop. So milk works ok cause of the Ph of milk, water or sparkling water just sloshes the pepper oil around...bread is also very good..or tortilla, whatever is handy
T-shirt idea "climb HARDER"... I worked at Target last year in the "sortation" ...it's an awful job and it's usually been awful pay....24 an hour is a mediocre salary for an awfully job...so marginally better. There is clear labor hierarchy, white college students become managers and folks of color be sortin
I keep reading softness as sadness. There is sadness in the manufacturing sector. Maybe it’s just me, for now...
I agree with almost everything you said. I think it’s important to note that companies didn’t just decide to charge more out of left field. Companies charge what the market will allow. Love it or hate it that’s the way it is. They were able to charge more, and people were willing to pay it bc everyone was flush with stimmie cash. So it all comes back to the fed/congress. If they hadn’t overreacted the excess money wouldn’t have been in circulation and those inflated prices would have never been possible to sustain imo. Just my $0.02.
Please read the WSJ article i linked. Blaming everything on the Fed is incredibly reductive.
Definitely not paying to read it. But I get the gist. My point stands....Companies are in business to make money. They’ll charge what the market will sustain. When people are flush with cash, especially cash they didn’t work for, the market will naturally sustain higher prices. I’m not “blaming” anyone. I think try to assign blame to something as objective as the law of supply and demand is reductive. Have a great day. Enjoy your work.
supply and demand is the basis of the entire economy. it's largely a function of what the Fed pays attention to and is equivalent to the force of gravity for markets. You're describing the basics of capitalism, which of course applies here. You can also read the Fed's own research (Kansas City Branch) on how firms handled price hikes and how that led to outsized inflation. Hope that helps.
Can’t imagine why the fed would be trying to pass the buck for inflation to firms after they blew M2 out of the water 😂
you can verify the data that they provide on your own if youre worried about bias
I try to avoid reading MSM if possible. Much rather hear from individual journalists like yourself but I’ll check it out, thanks.
This is a great post! This isn't a recession as much as it is the end of record profits era. It's a correction. And much like hardliners say that people should have planned for tighter times, corporations should have told investors that 16% returns are not realistic and that some of the dividends will be held back for the sake of employees.
But also , Microsoft hired 40k in the last year, tech knows there are downturns and yet...