Daniel Rubin ✅@ForeignSubstance @plutus @johnserwach
Conservatives want deflation. Liberals want inflation. Inflation helps the poor and those in debt. Deflation helps the rich and hurts the poor
ForeignSubstance ✅@rubecube12 @plutus @johnserwach Inflation *crushes* the poor. I'm sorry, but this is just ... wrong. Sure, it helps inflate debt away, but this is *more than offset by a lower ability to consume.
John Serwach ✅@ForeignSubstance @rubecube12 @plutus
It depends. It is hard on the truly poor. But It does tend to benefit the working poor when combined with reasonable wage increases. The working poor (at least in the US) are more apt to own homes in less desirable neighborhoods and or have debt from medical bills, attempts at college, children etc and those debts do tend to inflate away. Obviously it’s beneficial to the so called middle class if they have debt.
@johnserwach @rubecube12 @plutus Key: "when combined with reasonable wage increases"
And conservatives don't want deflation. Nobody wants deflation. It's what the Fed has spent more than a decade trying to prevent.
@rubecube12 @ForeignSubstance @plutus
The wage increases at or near the bottom are the biggest I’ve seen in all my years these last two years. The fight for fifteen is over, labor won.
Will it be a Pyrrhic victory? Jury is still out.
@johnserwach @rubecube12 @plutus Agree, but when you consider the many, many years of stagnation or regression, the victory is more like going to the concussion tent and then being allowed back into the game.
@plutus @rubecube12 @ForeignSubstance
Concussion tent ? Error correct has got me on that one. 😂
People need to make a stand here, and demand higher wages. The pendulum needs to tilt back. It’s gone too far to the richest among us.
Plutus
Lucchese Mafia Hitman Frankie Pasqua Tells His Violent Life Story (Full Interview)
@plutus @johnserwach @ForeignSubstance
No doubt we live in a third world country. Don't let anyone tell you differently
https://www.cbsnews.com/video/mississippi-capital-facing-water-crisis-once-again/
Mississippi capital facing water crisis once again
Public schools in Jackson, Mississippi, were forced to go virtual after much of the city has been under a boil water notice since Christmas. Some businesses are also closing after months of dealing with the water crisis. Mark Strassmann takes a look.
@johnserwach @plutus @ForeignSubstance
CBDC coin unauthorized by Congress is unconstitutional. No deal on debt limit. Either a clean bill, platinum coin or Argentina. Clean bill or nothing. If republicans want to screw over there constituents who own govt boobs fine. Dems will pay for Medicare like Kitchner. Fuck the bond holders
@plutus @johnserwach @ForeignSubstance
80% of republicans own assets including bonds. Only 30% of democrats do. If republicans don't want to pay the bond holders. Fine. We don't have to pay the bond holders. They can get nothing
@plutus @ForeignSubstance @rubecube12
Hope y’all did something to honor Dr. King today.
@plutus @ForeignSubstance @rubecube12
OMFG!! This is HILARIOUS!! 😂😂😂😂
@johnserwach @ForeignSubstance @rubecube12
Men of honor ->
https://youtu.be/ZSzIkNz_CMM
Police arrest disgruntled Republican candidate in connection with shootings in New Mexico
@johnserwach @ForeignSubstance @rubecube12
Need to take out the trash from your neck of the woods
@johnserwach @plutus @ForeignSubstance
Fiat shortage. Get your fiat while you can
@plutus @ForeignSubstance @johnserwach
Fix it again Lagarde
@plutus @ForeignSubstance @johnserwach
No recession. No collusion. Tell Willy and Sean being early is WRONG
@johnserwach @ForeignSubstance @plutus
US Atlanta Fed GDPNow Q4: 3.5% Thats 10% nominal growth. Where is the recession
@rubecube12 @plutus @ForeignSubstance
damn straight- here’s free Mayo! Deflation!!
https://www.dansdeals.com/more/free-stuff/free-jar-dukes-mayo-free-shipping/
Free Jar Of Duke's Mayo With Free Shipping! - DansDeals.com
Free Jar Of Duke’s Mayo With Free Shipping! Scroll down to “Someone thinks you and Duke’s make the perfect tag team. Enter your address for a jar of free mayo.” and fill out your shipping information to get your free jar of Mayo. -OU-Parve. HT: Essen est zich, via DDF
@johnserwach @plutus @ForeignSubstance
Tell Sean. I bought a tesla as business decision. Thats the last penny Elon will get from me. I will not be returning to twitter
@ForeignSubstance @johnserwach @plutus
I will be buying hydrogen in 5 years when the technology is viable and uber gives them green ride status
@ForeignSubstance @johnserwach @plutus
Hydrogen safer than tesla. 2 year old baby injured by Elon self driving
@ForeignSubstance @johnserwach @plutus
Yeah. I'm spending 1k a month on gas. It was 30% off and basically free with tax promotions
@ForeignSubstance @rubecube12 @plutus
Dan, I just can’t believe it — I just, idk man- wtf? You? That would be like me voting for trump!
@plutus @ForeignSubstance @johnserwach
Its cuz Uber has stupid deal with them. Theyre the cheepest electric black car
@plutus @ForeignSubstance @rubecube12
I think u mentioned it before, it’s just, idk I guess… I guess… everybody has a price.
Jessie J - Price Tag ft. B.o.B
@plutus @johnserwach @ForeignSubstance
It's trash car. Apple car play on my Subaru 1000x better
@ForeignSubstance @plutus @rubecube12
Did u trade in the subie ? What did u get ? Model C ?
@ForeignSubstance @plutus @johnserwach
Yeah. For model Y
@rubecube12 @ForeignSubstance @plutus
I know nothing about which model is which tbh. All I hear is the fit and finish is shit. Personally I think they’re ugly the S was nice looking.
@johnserwach @rubecube12 @ForeignSubstance @protecttruth absolutely diabolical https://youtu.be/dfYLtNJYmRY
Hannity confession: See smoking gun evidence as Fox chief Murdoch forced under oath
@plutus @ForeignSubstance @protecttruth @rubecube12
So what do you guys think, buy more iBonds, just go high yield checking or something like VGLT ??
@protecttruth @plutus @ForeignSubstance @johnserwach
Ibonds are good. Swvxx is better
@protecttruth @rubecube12 @plutus @ForeignSubstance how do you figure better? Other than more liquid ?
@protecttruth @ForeignSubstance @plutus @johnserwach
More liquid is better. Also fed aint stopping raising. So yield will go up. While ibonds yield will go down until fed stops raising
@rubecube12 @protecttruth @ForeignSubstance @plutus
feds about done raising, of course inflation is about over as well so I bond will go back down.
@johnserwach @plutus @ForeignSubstance @protecttruth
When fed quits raising. Inflation will bounce back
@rubecube12 @protecttruth @plutus @ForeignSubstance
I doubt it, but we will see.
@johnserwach @protecttruth @ForeignSubstance @plutus
Rates still way below inflation. Thats not restrictive
@plutus @protecttruth @ForeignSubstance @rubecube12
Inflation is zero.
The only person feeling inflation right now is Gaston- and that’s because he eats 5 dozen eggs.
Beauty and The Beast - Gaston (HQ)
@johnserwach @plutus @ForeignSubstance @protecttruth
Its 7% YOY. Seasonality should make inflation negative at this time of year
@ForeignSubstance @rubecube12 @protecttruth @plutus 7% year over year, 0% since June (negative in fact)
@protecttruth @ForeignSubstance @plutus @johnserwach
Just healthy consolidation
@protecttruth @ForeignSubstance @rubecube12 @plutus
For reference here is the 2008-2011 data, note inflation peaked in July of 2008 and did not go positive until January of 2011. Pretty standard 15 year cycle. (One weird trick THEY don’t want you to know about)
@rubecube12 @johnserwach @protecttruth @ForeignSubstance Wong- y/y cpi is useless m/m Is the measure that should impact society and policy.
@plutus @ForeignSubstance @johnserwach @protecttruth
Wages are changed on an annual basis. Prices are sticky
@rubecube12 @ForeignSubstance @johnserwach @protecttruth regardless of whether your point has any bearing in reality, the fact of the matter is, as I’ve pointed out for over a year, Fed’s massive hikes does nothing to solve supply chain driven price spikes and creates many more side effects than benefits on things it purportedly helps
@johnserwach @plutus @ForeignSubstance @protecttruth
Fed has just normalized rates. Inflation is not going down. The population growth rate is about to explode as soon as the fed lets of the breaks
@rubecube12 @johnserwach @ForeignSubstance @protecttruth calling planet Daniel - ppi just came in at -5%. Spare me the Fed banter.
@ForeignSubstance @johnserwach @protecttruth @plutus
Housing prices up 3%
@rubecube12 @johnserwach @protecttruth @plutus Always some weird data there. What's a Realtor' commission these days? It's not exactly an exchange market, and all the stock and all the locations different.
@protecttruth @johnserwach @ForeignSubstance @plutus
Ivory. Coming soon. https://tapbots.com/ivory/
@ForeignSubstance @rubecube12 @johnserwach @protecttruth
Movie choice this week - Tar with Cate Blanchett
https://ok.ru/video/4562863524525
@johnserwach @protecttruth @plutus @ForeignSubstance
Calling Planet Plutus the fed only cuts when crude is sub 50, aluminum is sub 2000, Soy beans are sub 1000 and wheat is sub 500. Commodities are still too high. Way too high
@rubecube12 @ForeignSubstance @protecttruth @johnserwach
SD/cali in general is 30/40% more expensive than Michigan - just checked
@rubecube12 @protecttruth @plutus @ForeignSubstance
Examples ? Some items sure, others - idk.
@johnserwach @rubecube12 @protecttruth @ForeignSubstance
Was checking between NJ and CA yesterday across chain restaurants and retail stores for exact same items. Now checking Auburn Mi
@plutus @protecttruth @rubecube12 @ForeignSubstance
Auburn hills? Maybe ?
Look water and fuel are cheaper here, everything else is pretty close.
My NatGas bill will be much higher as well 😂
@protecttruth @plutus @ForeignSubstance @johnserwach
I did the check too. It 30% more expensive in new york/nj. Unless you live in the boonies. California is more spread out. Compare the middle of nowhere new jersey to Modesto. Where noone wants to live
@protecttruth @johnserwach @ForeignSubstance @plutus
Michigan isnt 65 degrees all year round. There are only 5 places in the world with weather like coastal Southern California
@protecttruth @ForeignSubstance @plutus @johnserwach
Also, when land values go up In Michigan property taxes go up by the same proportion. We have prop 13 here. Best property taxes in the country
@rubecube12 @protecttruth @ForeignSubstance @johnserwach
Per your stance - rich own plebs rent - how are rents?
@protecttruth @rubecube12 @ForeignSubstance @plutus
Property values only go up/down at rate of inflation until you sell.
@ForeignSubstance @protecttruth @plutus @johnserwach
Yeah but property taxes in California are 1% of ypur purchase price. So if you bought in 1970. Youre paying .01% now