Non union wages across the manufacturing sector have gone up far more then 15% over the last two years.

Still struggling to find labor as well.

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Low interest rates have been the case for a long time. Home prices didn't start surging until COVID sucked up the supply of homes for sale. A natural stead amount of people moving and relocating is normal and there just weren't options to buy. I agree I think the correction is coming and we seem to be be heading toward at least one more rate increase.

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Mortgages got below 3%. That allowed folks to bid up housing. There was also a lack of building to match demand.

Consumer spending was strong in August. Unemployment benefit claims fell to their lowest level since Spring. Still lots of underlying strength in the economy.

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Hawaii (fuck) You

October through January are historically good for the stock market during mid term years. Hope is good for the economy. Reagan turned the economy around, the worst since the depression, on nothing but smoke and mirrors. By the time his tax cuts took effect, he raised them. And kept raising them. 11 times in total.

50% of the economy is attitude.

The Fed is seeking to push the economy into recession so unemployment will rise and the corporate class will tighten control of the labor force. This is in part a reaction to the most active period of labor organizing we've seen in decades and is nothing more than a replay of the strategy Paul Volcker used to counter rising labor power and usher in the beginning of the neoliberal era over 40 years ago.

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Commerce and economic shut down gets 90% of the credit for recession. Recession was inevitable.

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Do you think the Fed is helping or hurting the situation?

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That's an excellent question.

Do you mean currently or historically (past 15 years)?

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You know me like that.

The tight labor market increased nominal wages, but real wages have come down. Inflation must be tamed. It erodes the value of everything.

The Fed helped create the situation with allowing too much expansion of the money supply. It is finally doing the right thing.

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Hawaii (fuck) You

That would be great. I hope you are right.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

XRP..yes or no?

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I will agree with you all day long that the 1%ers will and have conspired to fuck with organized labor. All I'm saying, is it wasn't the Fed that shut down the global economy and put us into recession. It was the 1% group forcing our government to panic and make irrational decisions. The Fed did not help...but the damage was done. The minute shut downs started it was clear that there would be a price to pay....we are paying it.
In terms of RIGHT NOW raising interest rates....the Fed really doesn't have any other course of action. That doesn't mean I give them a pass for bad policies in the past.

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https://www.wsj.com/articles/atlanta-fe ... 1665774059

This doesn't help.

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Crypto? I have avoided the asset class. I am on the ponzi scheme side of the ledger with these things. Keep in mind you would have made a lot in crypto listening to Jorr than me……

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Hawaii (fuck) You

Below $5/share. Hope you bought puts or shorted.

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Hawaii (fuck) You

Bed, Bath, and Bankrupt

Chapter 7, or 11?

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I did well with that crypto fund, mostly due to Solana, but I'm really a Bitcoin maximalist. I wouldn't disagree that a lot of cryptos are Ponzis.

The invention of Bitcoin is as important as the invention of the Gutenberg press. One way or another it's going to drastically change the world. Either the world will accept Bitcoin and it will gradually break down borders and create a true global economy and facilitate real freedom and the true "end of history" or- and I see this as much more likely- the technology will be coopted by the most powerful to create central bank digital currencies which will result in complete control of The People and a kind of facsism the world has never previously seen.

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Crest- it will probably be 11. There are lots of assets there and a business model that could work. Carter 7 is for when there is no hope and nothing left.
Jorr- Yeah the technology is being used across the financial services world. I look forward to seeing how bitcoin evolves in 10 years and beyond.

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Hawaii (fuck) You

I look at crypto like taking the Bears -7.5. You’ll probably lose but you’ll be pissed if you didn’t put a few bucks on it and they come through.

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You know me like that.

When was the last time the Bears were a touchdown favorite?

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Hawaii (fuck) You

Alternate spread. Not likely.

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You know me like that.

Wait, does Deni$ live on a manmade lake?

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In fact I do. I am not on one of those inland ponds described above. But rather, but Petenwell and Castle Rock lake are man made for damming purposes along the Wisconsin River. They are the second and forth biggest lakes in Wisconsin.

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Hawaii (fuck) You

This is not a shot at Castle Rock as it is a very nice lake and area, but do you own the actual lakefront or is that owned by the electric company?

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“Mr. Trump is unfit for our nation’s highest office.”- JD Vance
“My god, what an !diot.”- JD Vance tweet on Trump
“I’m a ‘Never Trump’ guy”- JD Vance

Oh yeah, the Wisconsin River Power Company. We have pier agreements with them, and they maintain public trails along the lake. You cannot miss it because they have signs up everywhere.

Our lots are something like 75 feet from high water. The nice thing is, I can walk around most of the lake on their paths. I took the dogs for an hour walk today.

I did lots of research before buying up here.

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Hawaii (fuck) You

Yeah it’s a nice area. My parents owned a place on Lake Wisconsin, which is also manmade using the Wisconsin River but the power company didn’t control the shoreline. Probably a function of the era they were formed. We had a cabin on Lake of the Ozarks (until 2020) which was also manmade. We owned the lakefront but the power company dictated the type of dock construction and we had to pay for permits.

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“Mr. Trump is unfit for our nation’s highest office.”- JD Vance
“My god, what an !diot.”- JD Vance tweet on Trump
“I’m a ‘Never Trump’ guy”- JD Vance

We have community piers, so mine is not right behind my house. The nice thing is they take care of all the maintenance. The lake has lots of great features- all sand bottom, a party island, nine bars on the lake, no “chains”, not crowded, good fishing, freezes early, warms very quickly.

Most folks they vacation around here call it a hidden gem.

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Hawaii (fuck) You

Lake of the Ozarks was too far once we had a kid in school but it was a great lake for the young and adventurous. 40 bars and restaurants, famed party cove, no weeds or algae, never froze, up to 100’ deep, 92 miles long with more shoreline than California. The drawbacks (beyond distance and being in Missouri) were that weekends in the summer were crazy and the boats were too big. We had a 21’ open bow and the Cigarette boats and Sea Rays dwarfed us to the point that we’d always have to hit the water early and head away from the crowds on weekends. During the week and in the off-season it was incredible though.

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“Mr. Trump is unfit for our nation’s highest office.”- JD Vance
“My god, what an !diot.”- JD Vance tweet on Trump
“I’m a ‘Never Trump’ guy”- JD Vance

Distance from my home was big for me, 2.5 hours. But Covid hits, and now I live here. Work from home has been great.

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Hawaii (fuck) You