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Business, Economics & Tax Policy 7: Workers of the world unite!

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Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Oh goody! Meltdowns in front of Starbucks today. I wonder if therapy dogs will be placed outside every shuttered store to comfort the afflicted.

If successful the program will be rolled out at Planned Parenthoods nation wide :D
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Have those groups given themselves cool “pro” names yet? Pro-2nd amendment just doesn’t cut it :(

They're PRO-FREEDUMB!

<img src="https://teeshirtpalace-production.s3.amazonaws.com/spree/images/LGBT64854-NAVY-TH-DESIGN/large/LGBT64854-NAVY-TH-DESIGN.jpg?1489767132" height="300" />
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Millions of Americans will discover that they don't need $7 coffee to survive.

They'll go to other coffee shops for the afternoon and promptly realize that they're more than willing to pay an extra premium because there's something in that horrible taste of Starbucks coffee that they just love.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

They'll go to other coffee shops for the afternoon and promptly realize that they're more than willing to pay an extra premium because there's something in that horrible taste of Starbucks coffee that they just love.

That something is called C6H12O6
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

I hate empirical formulas. You can't tell what it is. Structural are much better.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Bayer acquiring Monsanto. When did monopolies become legal?
 
BREAKING: The Trump Commerce Department has revised its estimate of US economic growth down to 2.2 percent for the first quarter of 2018 — almost a point lower than the growth rate in last quarter of 2017 — as consumer spending plummets.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

BREAKING: The Trump Commerce Department has revised its estimate of US economic growth down to 2.2 percent for the first quarter of 2018 — almost a point lower than the growth rate in last quarter of 2017 — as consumer spending plummets.

No bueno...
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

No bueno indeed.

If consumer spending is going down, why? Gas prices having impact?

The more logical answer would be cyclic. There hasn't been a market correction level recession of note since 2008. That's a historic run. And it has to correct at some point. The question is: what tools are in place to deal with it.
 
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Re: Business, Economics & Tax Policy 7: Workers of the world unite!

No bueno indeed.

If consumer spending is going down, why? Gas prices having impact?
The price of credit is going up. The price of housing is going up. Grocery prices have been rising a lot in the past six months. The problem with those changes is that they're not covered in the official CPI calculation, and therefore not reported as inflationary pressures. Regardless, they eat into our discretionary spending budget for all other goods.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

The price of credit is going up. The price of housing is going up. Grocery prices have been rising a lot in the past six months. The problem with those changes is that they're not covered in the official CPI calculation, and therefore not reported as inflationary pressures. Regardless, they eat into our discretionary spending budget for all other goods.

You pretty much nailed it. The end of record low mortgage rates signals an end of the free money era.

One of the hosts on WCCO brought up an interesting point. We’re now at a point where people just can’t afford the prices of homes and they’re facing a difficult decision between waiting for housing prices to come down and paying a higher interest rate or locking into something now that doesn’t fit what they need either today or in the future.

They also brought up something else that struck me. There’s a big crunch in starter homes now, even among people who wouldn’t normally be looking at one. People can’t afford that second home because of prices and they might not be able to afford it in the future with rising inflation and interest rates. So people trying to get out of that middle tier home are struggling to sell in some markets. So there’s an interesting thing going on with prices.

Regarding CPI, I’ve never understood why gas and staples aren’t included in CPI. Yes, they might be more volatile, but I think they reflect the true inflationary pressures in the economy.
 
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