General A thread to discuss and follow the incoming inflation bomb

[Hauler]

Our very own @Hauler is an AP journalist.

US job growth slows sharply in sign of hiring struggles

The recovery of America’s job market hit a pause last month as many businesses — from restaurants and hotels to factories and construction companies — struggled to find enough workers to catch up with a rapidly strengthening economic rebound.

apnews.com

Some economists note, too, that the $300-a-week federal jobless benefit, available until September, has come on top of state payments that average about $320. The combined unemployment benefits mean that anyone earning less than $32,000 a year can potentially receive more income from unemployment aid than from their previous jobs, according to economists at Bank of America.

It's not really about making more on unemployment. I think that discounts too many people weighing the option of "Do I want to make $32k a year to do absolutely nothing, or $45k a year working 40 hours a week?" I know plenty of people who are gladly taking that $32k and doing cash jobs on the side.

The resumption of hiring has encouraged some Americans to start looking for jobs, which means they are newly counted as unemployed if they don’t immediately find work.

So the 3 to 4% unemployment I've been hearing about in here is as I said - a bullshit number. If they aren't actively seeking work - which you don't have to do right now - they eventually fall off the unemployment radar.

Nearly 3 million people are reluctant to look for work because they fear catching the virus

And some businesses say they believe that a $300-a-week jobless benefit, paid for by the federal government, is discouraging some of the unemployed from taking new jobs.

 

[ThatOneDude]

It's not really about making more on unemployment. I think that discounts too many people weighing the option of "Do I want to make $32k a year to do absolutely nothing, or $45k a year working 40 hours a week?" I know plenty of people who are gladly taking that $32k and doing cash jobs on the side.



So the 3 to 4% unemployment I've been hearing about in here is as I said - a bullshit number. If they aren't actively seeking work - which you don't have to do right now - they eventually fall off the unemployment radar.

Sorry Q @Qat

 

[Hauler]

 

[Thuglife13]

Tucker today was talking about the low new job numbers and how there's so many milllons out of work but companies can't get people to hire. Mentioned the unemployment benefits and how so many different things are up especially lumber and that there's gonna be a gas shortage come summertime...

Also mentioned this my God!

Company offering $14,000 a week for truck drivers

 

[Deleted member 1]

Prices are rising everywhere you look

Everywhere you look, there are headlines about higher prices.

www.cnn.com

 

[Deleted member 1]

This is all wrong Doc. Back to the drawing board.

 

[Filthy]

My home value shot up over 25k in 2 weeks. Fuck ya.

the value has not increased.

 

[Filthy]

Tucker today was talking about the low new job numbers and how there's so many milllons out of work but companies can't get people to hire. Mentioned the unemployment benefits and how so many different things are up especially lumber and that there's gonna be a gas shortage come summertime...

Also mentioned this my God!

Company offering $14,000 a week for truck drivers

remember when I said autonomous vehicles were going to be common by 2025?

now you know why.

 

[Filthy]

@Splinty - the independent fact checkers of TMMAC are asking that you change the thread title to "Hurry Up, Reflation Pinata!"

should probably address it before it gets forwarded to the Ministry of Truth.

 

[kneeblock]

We'll see if we have an inflation bump or runaway inflation. I for one still hope you're wrong.

 

[ThatOneDude]

the value has not increased.

The check I received and my tax bill says otherwise.

 

[member 1013]

We'll see if we have an inflation bump or runaway inflation. I for one still hope you're wrong.

You’re such an optimist. I wish I could be like you.

 

[Deleted member 1]

Corn Is the Latest Commodity to Soar

Corn has been one of the sharpest risers in the broad rally in raw materials that is prompting companies to boost prices for goods and fueling concern among investors that inflation could hobble the economic recovery.

www.wsj.com

Prices for corn have risen 50% in 2021 and a bushel costs more than twice what it did a year ago

Investors have pumped money into commodities, a popular move aimed at offsetting inflation risk elsewhere in their portfolios. Open interest in agricultural commodity futures, a measure of trading activity, rose last month to a record $315 billion, according to JPMorgan analysts.

David Martin, chief investment officer with Martin Fund Management, said the New York commodity trading firm began placing bullish bets on corn prices last fall and is currently trading derivatives with an eye toward even higher prices. “If the weather isn’t pristine…there’s going to be massive shortages,” he said.

Wagers that corn prices will rise—by hedge funds and other speculators—outnumber bets on a decline 17 to 1, according to the Commodity Futures Trading Commission data

 

[Hauler]

I counted 7 "Now Hiring" signs on the way to work today. KFC, Donatoes, FedEx, an electrical contractor, a construction distribution company, the railroad and an Auto Zone. All of that in roughly a 5 mile stretch of road.

The answer is pretty simple. Stop me if you've heard this: Stop the unregulated unemployment benefit and completely cancel the $300/wk extra stimmy. NOW.

It's already too late to stop the inflation train, but they need to fix the issue before the economy completely eats itself.

 

[ThatOneDude]

I counted 7 "Now Hiring" signs on the way to work today. KFC, Donatoes, FedEx, an electrical contractor, a construction distribution company, the railroad and an Auto Zone. All of that in roughly a 5 mile stretch of road.

The answer is pretty simple. Stop me if you've heard this: Stop the unregulated unemployment benefit and completely cancel the $300/wk extra stimmy. NOW.

It's already too late to stop the inflation train, but they need to fix the issue before the economy completely eats itself.

Heard this a lot this weekend. No one can find help because people are making more on unemployment.

 

[ThatOneDude]

Corn Is the Latest Commodity to Soar

Corn has been one of the sharpest risers in the broad rally in raw materials that is prompting companies to boost prices for goods and fueling concern among investors that inflation could hobble the economic recovery.

www.wsj.com

Prices for corn have risen 50% in 2021 and a bushel costs more than twice what it did a year ago

Investors have pumped money into commodities, a popular move aimed at offsetting inflation risk elsewhere in their portfolios. Open interest in agricultural commodity futures, a measure of trading activity, rose last month to a record $315 billion, according to JPMorgan analysts.

David Martin, chief investment officer with Martin Fund Management, said the New York commodity trading firm began placing bullish bets on corn prices last fall and is currently trading derivatives with an eye toward even higher prices. “If the weather isn’t pristine…there’s going to be massive shortages,” he said.

Wagers that corn prices will rise—by hedge funds and other speculators—outnumber bets on a decline 17 to 1, according to the Commodity Futures Trading Commission data

It's not just corn. A lot of farmers had good years last year after talking with them this weekend.

 

[Hauler]

Heard this a lot this weekend. No one can find help because people are making more on unemployment.

This weekend?
I've been saying it for 9 months. Haha.

 

[ThatOneDude]

This weekend?
I've been saying it for 9 months. Haha.

I was out on the farm and talking with them, lots of farmers also have trucking companies and other businesses.

 

[Hauler]

I was out on the farm and talking with them, lots of farmers also have trucking companies and other businesses.

Trucking SUUUUUCKS right now.
Some of my incoming freight charges have literally doubled in the last month or so.

 

[BeardOfKnowledge]

Tucker today was talking about the low new job numbers and how there's so many milllons out of work but companies can't get people to hire. Mentioned the unemployment benefits and how so many different things are up especially lumber and that there's gonna be a gas shortage come summertime...

Also mentioned this my God!

Company offering $14,000 a week for truck drivers

You should apply. Work like a motherfucker for a couple years and retire a very young man.

 

[BeardOfKnowledge]

Corn Is the Latest Commodity to Soar

Corn has been one of the sharpest risers in the broad rally in raw materials that is prompting companies to boost prices for goods and fueling concern among investors that inflation could hobble the economic recovery.

www.wsj.com

Prices for corn have risen 50% in 2021 and a bushel costs more than twice what it did a year ago

Investors have pumped money into commodities, a popular move aimed at offsetting inflation risk elsewhere in their portfolios. Open interest in agricultural commodity futures, a measure of trading activity, rose last month to a record $315 billion, according to JPMorgan analysts.

David Martin, chief investment officer with Martin Fund Management, said the New York commodity trading firm began placing bullish bets on corn prices last fall and is currently trading derivatives with an eye toward even higher prices. “If the weather isn’t pristine…there’s going to be massive shortages,” he said.

Wagers that corn prices will rise—by hedge funds and other speculators—outnumber bets on a decline 17 to 1, according to the Commodity Futures Trading Commission data

"Durr, durrr E85 is the BeSt!!!!"

- @ThatOneDude , probably.

 

[Hauler]

Lumber pricing comes out every Thursday / Friday.

5/7 saw the biggest 1 week gain since this climb started. So not only has it gone up for 27 weeks in a row - it's accelerating.

 

[Sheepdog]

Sustained inflation means a few of you cunts lose money on stocks, hence why you are nervously dribbling shit about it on an MMA forum. It also means another major financial meltdown and a depression.

Efforts to suppress inflation to avoid the above scenario mean you continue to slowly rot your economy and society from the inside, setting yourself up for future crises.

 

[Hauler]

I just got back from a jobsite. There was a Dollar General on the corner that was closed. It also had a NOW HIRING sign out front.

DC needs to get their fucking heads out of their collective asses.

 

[Hauler]

Sustained inflation means a few of you cunts lose money on stocks, hence why you are nervously dribbling shit about it on an MMA forum. It also means another major financial meltdown and a depression.

Efforts to suppress inflation to avoid the above scenario mean you continue to slowly rot your economy and society from the inside, setting yourself up for future crises.

Inflation increases the gap between economic classes, resulting in more people needing assistance. Maybe that's their end-game. DC loves people sucking on that gov't titty.