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20 minutes ago, Alpharatz said:

Funny you should mention that...My stock guy claims that he sees inflation and a bit of a pull back...I see deflation and a full blown recession.........employers near where the Afghans are camped out should be banging down the CO's door to get at these potential employees..they are gonna need 'em...As to being jumped by camera dudes..       If you anticipate such a thing..carry a small can of red spray paint and coat the lens..

Deflation? How?

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If he was just a simple man who messed up and owned up to it, my opinion would be different.

As it is, he seems incapable of admission of fault or owning his comments not being correct. And he pushes his narrative instead of owning mistakes and adjusting. He seems to have no integrity and is solely focused on himself and his legacy. Along with Disney.

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On 10/24/2021 at 10:47 PM, Negatory said:

Have to point out a flaw in my analysis. The rates of infection between vaxxed/unvaxxed could easily be biased by "anti-vaxxers" being significantly less likely to get tested for COVID. That means that the actual rate of cases per 100k could be significantly higher than just a population analysis.

Would need to see results from a random sampling of the population to get a more accurate view.

I thought maybe the opposite could be true. The vaxxed get a free pass at large social events, in corporate policy and other capacities, whereas the  unvaxxed are required to provide proof of a negative test, which would lead to a large skew in favor of the effectiveness of the vaccine with respect to cases.

However, upon recording a “positive case” there has not been accurate and consistent recording of two VERY IMPORTANT factors: is the patient presenting with other symptoms (remember + PCR should not be used to diagnose CV19 alone), and what is the patients vaccination status.

Largely those two factors are missing or have been assumed in many public data sets so most past recorded pcr data is not very useful…

garbage data in garbage data out.

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Soooo, the Chinese flu literally almost killed me earlier this summer.  I didn't think I was especially at risk as, although I'm in my late 50s, I wasn't overweight, didn't have any known complicating factors, etc., etc.

Was not vaccinated because A) I remember the anthrax fiasco from before and B) wanted a fully approved FDA vaccine in place before getting the shot(s).

Although I retired last year, I actually started work again as a GS again because I was bored and a buddy asked me to apply.  Was only in the saddle for a month when I got sick after going TDY.

Two weeks of hospitalization included two periods of the question on whether I would continue to breathe or not.  

Turns out that the pneumonia I had 25 years ago doesn't go away, it just nurses its' drink in the corner of my lungs until the friendly Chinese hooker named Covid shows up and wants to party and things got out of control...

I never understood the part when terminally ill patients just give up - we are trained in the "will to survive" thing at SERE and as part of being alive.

Now I do.  I have never been that utterly exhausted/tired/just wanted it to stop and hope to never again.  I was fine if the light turned out permanently.  13L/min of O2.  Essentially pressure breathing in order for enough oxygen to get in me to keep me alive.  

I recount the melodrama above because after I got out of the hospital, ol' Joe decides he's king and says I got to get vaccinated.  Even though the vaccine doesn't prevent the virus, has noted/documented side-effects, and, this is the important part, I ALREADY HAD THE VIRUS AND RECOVERED.  My body is swimming in antibodies.  My lung specialist says not to get said vaccine for at least a year as I am likely to have a severe reaction and my lungs, already now f'd because of this, wouldn't take kindly to another CCP orgy.

But that's not good enough.  So I thoroughly enjoyed quitting.  F' the Man.

Fortunately, I'm in a position to do so.

Please note that nothing written has been put out by the President so legal challenges are difficult, although some are underway.

Federal departments, like DoD, have put out their own directives.  Those also are under challenges.

But the sneaky part is Biden having corporate America do his bidding without said Presidential direction.  Get a jab or lose your job.

Seems a bit Stalinist-like to me.

Not to mention, the President does not have that power under our system of government.  No law has been passed.  Yet many people are happy, even eager to comply.  

Want the vaccine?  Great, go get it.  

Don't want it?  Don't especially since the virus shrugs off the vaccine anyway.

 

It's all fun and games until the President and the bureaucracy decide what the limits of your freedom are.  Without you getting a say so.  Comply or else.

For your own good, of course.  It's great to be the one deciding, ain't it?

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7 minutes ago, brickhistory said:

I recount the melodrama above because after I got out of the hospital, ol' Joe decides he's king and says I got to get vaccinated.  Even though the vaccine doesn't prevent the virus, has noted/documented side-effects, and, this is the important part, I ALREADY HAD THE VIRUS AND RECOVERED.  My body is swimming in antibodies.  My lung specialist says not to get said vaccine for at least a year as I am likely to have a severe reaction and my lungs, already now f'd because of this, wouldn't take kindly to another CCP orgy.

But that's not good enough.  So I thoroughly enjoyed quitting.  F' the Man.

Fortunately, I'm in a position to do so.

Please note that nothing written has been put out by the President so legal challenges are difficult, although some are underway.

Federal departments, like DoD, have put out their own directives.  Those also are under challenges.

What drove you to quit, as opposed to staying on and letting them terminate you?

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The satisfaction of leaving on my terms.  

I already formally retired last year and am drawing a retirement check for a 12 year GS career.

Although I liked the folks I was working with, including management, which is a rarity, doing government work was just not for me anymore.

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19 hours ago, brickhistory said:

My body is swimming in antibodies.  My lung specialist says not to get said vaccine for at least a year as I am likely to have a severe reaction and my lungs, already now f'd because of this, wouldn't take kindly to another CCP orgy.

1) Glad you're okay. 

2)  Does your situation not qualify for a medical exemption? I would think a lung specialist specifically telling you it would be dangerous for you to get the shot would easily qualify. And again, I don't agree with mandates but I thought they do have provisions for extenuating medical circumstances. 

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The girl got covid yesterday and had been vaccinated with pfizer. I do think/hope the vax is helping to lessen her symptoms, and I would still encourage it. 

 

In terms of forcing regular people to get the vax as some sort of silver bullet to "stamp out" COVID. It's not happening, even though I  wish the opposite were true. At least not with this shot. Get the shot if your comfy with it but COVID is here to stay, we're all gunna have to live with it. 

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On 10/25/2021 at 10:22 PM, Lord Ratner said:

Deflation? How?

Not enough employees in the system to make the money to buy the stuff to keep the prices on the stuff to hold the margins and away we go...Time will tell.....Last week I worked with a new grad who told me that "a lot" of his fellow grads in this particular program are taking big salary hits that they never expected...My brother works in lumber distribution..but has a CDL ..they are so short of truck drivers..(see get paid...spend....margins above..) that they wanted to pull him out of his position to drive a semi....'cause he's the only one who can back a truck without crashing into the dock.  Does not seem like the set up for inflation...A couple of months ago I paid 85 bucks for an 8 foot 4x4 and a piece of 4x4 wafer board because of a lumber shortage....does that add to the profit line?..Or slam down demand?....I guess we shall see...

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2 minutes ago, Alpharatz said:

Not enough employees in the system to make the money to buy the stuff to keep the prices on the stuff to hold the margins and away we go...Time will tell.....Last week I worked with a new grad who told me that "a lot" of his fellow grads in this particular program are taking big salary hits that they never expected...My brother works in lumber distribution..but has a CDL ..they are so short of truck drivers..(see get paid...spend....margins above..) that they wanted to pull him out of his position to drive a semi....'cause he's the only one who can back a truck without crashing into the dock.  Does not seem like the set up for inflation...A couple of months ago I paid 85 bucks for an 8 foot 4x4 and a piece of 4x4 wafer board because of a lumber shortage....does that add to the profit line?..Or slam down demand?....I guess we shall see...

I'm not seeing how any of that is deflationary. With the number of dollars in the system stable (and in all likelihood, increasing), your examples all decrease the supply of good and services. So the same number of dollars chasing fewer goods = inflation. And let's be real, the govt is going to give even more money to those unemployed workers.

 

Remember that currency is just a standardized way of exchanging human effort. Increasing productivity and decreasing input costs will be deflationary. More human effort available to be bought with the same number of dollars means a dollar buys more human effort. Also shredding dollars makes them more valuable.

 

The biggest catastrophe of covid is that the governments of the world removed a spectacular amount of human effort from the economy, while at the same time increasing the number of dollars at unprecedented rates. I'm sure we'll make up for a little bit of it by further automating some of the jobs that can't be filled right now, but it's not going to make up for the fact that the labor force participation rate is very low and has not recovered.

 

Right now deflation seems very unlikely, but stagflation is certainly looking more probable. If the Democrats find a way to pass this $3T bill, it's only going to get worse.

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On 10/25/2021 at 8:22 PM, Lord Ratner said:

Deflation? How?

Most "natural" forces in operation right now are deflationary. Technology, aging populations (people past the age of "peak spending"), globalization, etc.

Why things seem inflationary right now is because governments around the world are doing everything in their power to counteract those natural forces - i.e. printing money.

I'm not saying inflation isn't going to happen, just saying that if we left things alone, deflation would likely be a force to be reckoned with.

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7 hours ago, ViperMan said:

Most "natural" forces in operation right now are deflationary. Technology, aging populations (people past the age of "peak spending"), globalization, etc.

Why things seem inflationary right now is because governments around the world are doing everything in their power to counteract those natural forces - i.e. printing money.

I'm not saying inflation isn't going to happen, just saying that if we left things alone, deflation would likely be a force to be reckoned with.

Agreed entirely if we are talking about the last 30 years and not the pandemic era. The only reason we didn't see incredible deflation is because the fed stupidly targets 2% inflation, and in failing to achieve it for most of the past few decades, felt perfectly comfortable printing trillions and keeping interest rates pegged at zero. 

 

Even before the pandemic we were running out of destitute countries to shift our simple manufacturing to, and the number of jobs for robots to replace humans in were dwindling. Sure, AI offers some new productivity gains, but probably not on par with the past. Couple that with the government incentivizing the displaced workers to remain unemployed rather than transfer their effort to new industries, the spectacular deflationary forces of the 90s-today seemed like they were already on the wane at the exact moment the inflationary pressure went into overdrive.

 

The 5.3% inflation that our government reluctantly admits is not transitory is probably closer to 10%. That's pretty f'n huge. Once they finally have to raise the interest rates I expect the stock market and housing prices to eat sh*t in epic fashion since both are married to fed policy at this point, but neither is considered in CPI calculations. Rent, on the other hand is, and that's spiking right now.

 

And ultimately, the best analysis I've seen to date is here:

 

https://www.forbes.com/sites/johntamny/2021/10/24/theres-no-supply-chain-shortage-or-inflation-theres-just-central-planning/amp/

 

The fed policy goal of full employment is exactly the type of tampering we don't need. The pandemic just kicked their meddling into overdrive.

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1 hour ago, Negatory said:

Dissolve the Fed, bring back normal economic cycles.

Yup. But one effect of the fed meddling has been to split the stock market and real estate from the rest of the economy, which gets hit even harder when things go to hell, while stocks and real estate recovery quickly and skyrocket. 

 

Wanna guess where all the politicians' wealth is tied up?

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10 hours ago, Lord Ratner said:

Agreed entirely if we are talking about the last 30 years and not the pandemic era. The only reason we didn't see incredible deflation is because the fed stupidly targets 2% inflation, and in failing to achieve it for most of the past few decades, felt perfectly comfortable printing trillions and keeping interest rates pegged at zero. 

Even before the pandemic we were running out of destitute countries to shift our simple manufacturing to, and the number of jobs for robots to replace humans in were dwindling. Sure, AI offers some new productivity gains, but probably not on par with the past. Couple that with the government incentivizing the displaced workers to remain unemployed rather than transfer their effort to new industries, the spectacular deflationary forces of the 90s-today seemed like they were already on the wane at the exact moment the inflationary pressure went into overdrive.

The 5.3% inflation that our government reluctantly admits is not transitory is probably closer to 10%. That's pretty f'n huge. Once they finally have to raise the interest rates I expect the stock market and housing prices to eat sh*t in epic fashion since both are married to fed policy at this point, but neither is considered in CPI calculations. Rent, on the other hand is, and that's spiking right now.

And ultimately, the best analysis I've seen to date is here:

https://www.forbes.com/sites/johntamny/2021/10/24/theres-no-supply-chain-shortage-or-inflation-theres-just-central-planning/amp/

The fed policy goal of full employment is exactly the type of tampering we don't need. The pandemic just kicked their meddling into overdrive.

I don't disagree with anything you're pointing out. I'm only saying that the inflation that we're experiencing is artificial, and if we left the economy to its own devices (i.e. natural forces), we'd be experiencing deflation.

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Washington, D.C., district court judge issued a temporary restraining order Thursday that prevents both civilian and active-duty military plaintiffs from being terminated after they sued the Biden administration over religious exemptions to COVID-19 vaccines.

https://www.msn.com/en-us/news/us/biden-admin-barred-from-firing-unvaccinated-employees-after-dc-judge-issues-injunction/ar-AAQ5Atz?ocid=msedgntp

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