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Business, Economics, and Taxes: Capitalism. Yay? >=(

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A beautiful illustration of the incommensurability of the interests of capital and labor.

More workers at better wages = market dives, Wall Street angry and frightened, and the Fed to step in and stop it.

What a racket.
 
Handyman said:
So you are the NYT Pitchbot? ;^)
Click to expand...

"In this Ohio diner, it was a time-honored tradition: Order your cheeseburger with extra bacon, casually flirt with the waitress, and tell your deadbeat son to get a damn job. Now the woke mob and Joe Biden's economy are threatening to take all of that away."


"If Joe Biden's economy does not stop adding jobs, I will have no choice but to vote Republican this November."

by Bret Stephens


"Workin' 9 to 5

Joe Biden's economy added over half a million jobs last month, but Republicans are pouring themselves a cup of midterm ambition. Is it enough to drive the voters crazy if they let it?"

by Maureen Dowd
 
FadeToBlack&Gold said:
"In this Ohio diner, it was a time-honored tradition: Order your cheeseburger with extra bacon, casually flirt with the waitress, and tell your deadbeat son to get a damn job. Now the woke mob and Joe Biden's economy are threatening to take all of that away."


"If Joe Biden's economy does not stop adding jobs, I will have no choice but to vote Republican this November."

by Bret Stephens


"Workin' 9 to 5

Joe Biden's economy added over half a million jobs last month, but Republicans are pouring themselves a cup of midterm ambition. Is it enough to drive the voters crazy if they let it?"

by Maureen Dowd
Click to expand...

I grew up reading the NYT and good god these are perfect. Literally pitch perfect.
 
FadeToBlack&Gold said:
"In this Ohio diner, it was a time-honored tradition: Order your cheeseburger with extra bacon, casually flirt with the waitress, and tell your deadbeat son to get a damn job. Now the woke mob and Joe Biden's economy are threatening to take all of that away."


"If Joe Biden's economy does not stop adding jobs, I will have no choice but to vote Republican this November."

by Bret Stephens


"Workin' 9 to 5

Joe Biden's economy added over half a million jobs last month, but Republicans are pouring themselves a cup of midterm ambition. Is it enough to drive the voters crazy if they let it?"

by Maureen Dowd
Click to expand...

giphy-downsized-large.gif
 
I assume we are hours away from a picture of Huinter Biden buying gas and the GOP saying he is supporting Saudi Terrorists!
 
Rumors China might be headed for a recession. Home prices dropped again, demand for goods is slowing and the Central Bank just cut interest rates...
 
St. Clown said:
I don’t think that China being a house of cards is in any way unexpected.

Economics Explained “Why You Should Be Worried About China’s Debt Crisis”

https://youtu.be/lbH_8Nj51HU
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Its not...it is just hitting earlier than was originally predicted. They have been teetering for months now but the move by the Central Bank seemed unexpected at this point. (if I read right) The question is, how will China choose to distract from the news?
 
Handyman said:
Its not...it is just hitting earlier than was originally predicted. They have been teetering for months now but the move by the Central Bank seemed unexpected at this point. (if I read right) The question is, how will China choose to distract from the news?
Click to expand...

I thought this has been "expected imminently" for years. Or more accurately I thought that this has been happening over the last few years with the CCP ratcheting it slowly to try to avoid a massive correction.

I can remember reading articles ten years ago about how the central government had realized there had been massive overbuilding due to perverse incentives, and a concomitant over-exaggeration of the strength of their economy, which had then been baked into investment instruments which were thus wildly over-leveraged. The Plan, since then, has been to slowly bend the arc back to reality without having the jenga pile collapse.
 
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They never really did any of that though. They were still massively overbuilding going into this year until it seemed construction companies started not being able to pay their bills. I only stayed at a Holiday Inn last night but it would seem they are basically where we were in late 2007...

(it is way more complicated than that and I dont pretend to get it)
 
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