Screwball

Credit card debt hits record $1.17 trillion, New York Fed research shows - from CNBC about a month ago HOUSEHOLD DEBT AND CREDIT REPORT - Household Debt Ticks Up to $17.94 Trillion; Delinquency Rates Remain Elevated - From the NY Fed

Shelter is not part of the PPI. It is in the CPI. That said, the CPI report came out the other day and the index for shelter rose 0.3 percent. Rent of primary residence rose 0.2 percent and owners’ equivalent rent was up 0.2 percent. Year over year (a few examples); CPI: 2.7 percent CPI Excluding Food and Energy: 3.3 percent Rent: 4.4 percent Shelter: 4.7 percent Food and Beverages: 2.3 percent Medical Care Services: 3.7 Percent

Full report here; Producer Price Index News Release - from the BLS The CPI is what we pay for things. The PPI is what is payed to make things. And the Fed is expected to lower rates on December 18th. Why?

I agree. So why do so many fall for it? None of these ****wads are going to fix jack squat for we the people.

I'm old enough to remember going down to West Virginia to grandma's house. She was a treat. Hated me and dad. Cooked on a pot belly stove, which also served as a heat source. Fridge need a block of ice which was delivered to the door. This was even in town, a little burg in the hills. Next door neighbor, uncle Ed, had a huge garden. He also used to take a part of a pig and hang it in a root cellar rubbing it down with salt over months. That was the holiday feast. Pies made with lard and the sides from the garden. They all grew up during the depression, but I'm not sure the hillbilly's even knew it. They were really good with corn too - especially if they put a fire under it. 🙂

Go long saltpeter

Good stuff, thanks. I hoped you would chime in. But you did say at the top "Most well run restaurants will be the same way." That is probably key. In my experience, which was not restaurants per se, but clubs, bowling alleys, and bars, the waste was always a problem. They were not very good at managing it. And I'm not sure how many places are well run today. I ran into this with charity events too. You have a dinner, and maybe a band at a club you rented. Figure you can bring in 500 people. It snows and 50 show up - you are pretty much screwed. But that's a different thing so doesn't apply. But an example of potential problems. But you lose your ass and throw out a bunch of food. It has to be difficult because you never know what you are going to get.

Without a doubt. And probably tell us the cabbage in aisle G17 was bad 3 days ago. But it's still there. I'm sure they are efficient, but what about waste.

That's a 5 page document. I got about a page and a half in. What a perfect example of the ****edupness of our world.

I have no facts, but I think that goes on in many places. In the last couple of years here in Cornhole we now have...I don't know what to call it - a "soup kitchen." I know the local groceries, various stores, and restaurants donate. A wonderful thing, and good on them. I can't help but think when I walk into a grocery store how much inventory there is and how often it turns over. Especially produce, meats, bakery, and dairy. Almost everything has a shelf life, no pun intended. Unless you look in my pantry. 🙂

Unrelated, but I've always wondered how much waste grocery stores have to deal with. The bottom line type stuff. I'm also thankful for self checkouts because I triple bag due to having a cat. ON EDIT: Restaurants might be worse.

About an hour or so ago Bloomberg posted this article about the United Heath Care killer; CEO murder suspect was Ivy League Graduate Who Praised Unabomber Behind a paywall but you can find it. More detail. I found this part interesting, FTA: Given his education, he wasn't a practicing luddite. Might be a nutjob trying to send a message. Who knows, too early IMO. The interesting part will be how it is all spun.

Poor analogy. Here's some more waste for those with bad memory. 20 years of incompetence and billions and billions of taxpayer money pissed away to make the rich richer by turning brown people into pink mist that accomplished nothing. Well except even more graft, corruption, and death. At war with the truth - The Afghanistan Papers A secret history of the war - Washington Post - from 2019. I will add, one of the better things ever printed from this CIA mouthpiece. Maybe they will do the same on the money laundering cesspit known as Ukraine over the last 10+ years.

All you have to do is read Cooper's resume and know he is not to be believed about anything.

It is an example of a great amount of waste, but I wouldn't expect you to understand.

The F-35 is one of the biggest wastes of money and an epic boondoggles ever. The Most Expensive Weapon Ever Built We even have graveyards for our waste (near Tuscon - been there - huge place - goes for miles). $$$$$$$$$

The amount of waste, by the military, government, and business (especially big business) is off the charts. It became this way due to inept clueless imbeciles who are bad at their job, and the only way to survive is to be a talented ass kisser because they work for more inept clueless people who don't know any better. They can't fix any of this stuff because the same idiots created the mess to begin with. And of course a whole bunch of money.

Well, not everybody, point taken. I'm looking at the transaction end and how all this might turn out. As I have already said I think we will eventually go non paper money - cash. How long that will take, who knows, but it will happen. Like so many things of importance, this transition, done correctly, needs a bunch of adults in the room to sit down and have an intelligent conversation. But that ain't gonna happen. For example; Maybe it's just my worthless bank (a well known regional whorehouse) but all I see when I look at my online statement is money in, money out. The transactions look like hieroglyphics and if it wasn't for the amounts I wouldn't know who the hell I paid. And no time stamps - why? That should be easy. Nothing will change because the people in the big club don't want it to, and as far as illicit purposes, the "market" will find a way to continue to fund illicit things because they have been doing it since forever no matter the means of commerce. People are life, and people will find a way, no matter the exchange.

Yes, and that's what's so neat about it. You gave me a link to interrogate Bitcoin transactions a while back. I did some poking around, interesting stuff. Everything is all right there. I guess at the same time, once again, buyer beware. ON EDIT: Adding, I think we will eventually be forced away from cash, so if we have to do that conversion - let's do it right - transparency - so all parties have the same transaction data - and all of it. I would think that would make things simpler, but maybe not.

I can't believe there are scams going on. LOL! I remember a guy named Harry Markopolos who served up Bernie Madoff on a silver platter and nothing happened until it did. Funny too, the great JP Morgan Chase under Jamie Dimon had the records because they moved his money in the Ponzi he created. He was even a chairman of the NASDAQ stock exchange. Probably went to all the good parties. It's a big club and we ain't in it. They bust a few every once in a while to make it look good, but the graft and corruption is off the charts. Follow the money.

Morbid post warning. Given the United Heath guy getting gunned down in NYC today, I had to look at the stock price. This is from yesterday in normal market hours into the over night when the market is closed for us (the grey band) and part of today. Just to the left of the Lo 584 is a vertical dotted line which is midnight. So those large green candles going up to the Hi 627 was yesterday. The Lo 584 was around 8:30 today. I don't know when it hit the news, but it sounds like it happened around 7:15? From high to low, or low to high, in after hours the price moved around 7 percent. Normally this stock trades like a mutual fund. Wild stuff.

I don't know who you go by, but it doesn't matter. Bunch of smart people there. Nicely done blog. The lady that runs it worked on Wall Street, retired now. Goldman. Was always rated one of the top financial blogs. They do a lot of politics too. Lean left, Bernie fans, or were. Also into the MMT monetary stuff, which I don't like, but they also cover climate change and the green energy stuff pretty well. Dive in.

Because you are entertaining.

It's a quarter of a mile as the crow flies, but to hang someone with these gallows you might need to swim too. Dragging someone from the capital around the city streets which is probably more than a mile to the gallows is probably not going to happen before someone stops it. Then there is the question of how these gallows showed up to begin with. Has to weigh enough you would need a truck, and maybe a forklift. Unless built piece by piece, which takes time. Wouldn't someone alert the cops people are erecting gallows? One would think. And why hasn't anyone been found or charged who did it? The Famous Gallows of January 6: Who, What, Where, When, and Why?

It has been repeated over and over on this board she is a Russian asset. If so, why is she still one? This isn't difficult.