261k jobs created in October

RB 60 said:
Diesel is over $6 a gallon again. Gas is over $4 a gallon again.
Apparently you know little about the cost of delivering goods,
otherwise you'd know that when fuel costs rise, the cost of
everything else rises in turn. It's not that difficult to understand.
Click to expand...

It is also false. Supply and demand are by far the largest determining factor of inflation, not transportation costs. And gas prices have DROPPED in the last quarter. By a large percentage.
 
Concart said:
It is also false. Supply and demand are by far the largest determining factor of inflation, not transportation costs. And gas prices have DROPPED in the last quarter. By a large percentage.
Click to expand...

So you're saying the cost of fuel doesn't make any difference in the cost of delivered goods? You are really that dense?
Gas prices have risen in the last month by about 10% Where the hell have you been?
 
RB 60 said:
So you're saying the cost of fuel doesn't make any difference in the cost of delivered goods? You are really that dense?
Gas prices have risen in the last month by about 10% Where the hell have you been?
Click to expand...

Straw man. I did not say that. Read again and resubmit.

Do you know the difference between a month and a quarter? Can I help with that?
 
Concart said:
Straw man. I did not say that. Read again and resubmit.

Do you know the difference between a month and a quarter? Can I help with that?
Click to expand...

What do you mean straw man? You said that rising fuel costs = rising cost of delivered goods is false. It is not.

OK. Then go back a quarter and check the price of fuel. It was even higher, then it dropped, then rose again.
 
Hawkeye10 said:
This crash is going to be spectacular.

Buckle Up.
Click to expand...
People like you have been saying for 22 months that we are right on the cusp of massive economic depression.

When exactly is this depression supposed to start?


Cypress said:
"Employers added 261,000 jobs in October, a sign that the economy is resilient."

"Americans are still seeing rapid wage gains."

Unemployment ticked up

https://www.google.com/amp/s/www.ny...business/jobs-report-october-economy.amp.html
Click to expand...
 
Cypress said:
People like you have been saying for 22 months that we are right on the cusp of massive economic depression.

When exactly is this depression supposed to start?
Click to expand...

Prices have risen since Biden took office. They haven't come down yet. That is depressing.
 
RB 60 said:
Prices have risen since Biden took office. They haven't come down yet. That is depressing.
Click to expand...
Prices have risen all over the world, not just in Biden's United States.

24 months Trump and his stooges didn't holler that prices would rise. They practically guaranteed that if Biden were elected there would be a massive economic depression.

You are retroactively and belatedly trying to modify, edit, change, downplay, moderate the nature of the alarmist predictions the Trump stooges tossed out there two years ago.
 
Cypress said:
Prices have risen all over the world, not just in Biden's United States.

24 months Trump and his stooges didn't holler that prices would rise. They practically guaranteed that if Biden were elected there would be a massive economic depression.

You are retroactively and belatedly trying to modify, edit, change, downplay, moderate the nature of the alarmist predictions the Trump stooges tossed out there two years ago.
Click to expand...

October 2020 - "Trump claims Biden win would cause depression"

https://www.google.com/amp/s/www.cbsnews.com/amp/news/trump-economic-club-new-york-recovery-jobs/
 
RB 60 said:
What do you mean straw man? You said that rising fuel costs = rising cost of delivered goods is false. It is not.

OK. Then go back a quarter and check the price of fuel. It was even higher, then it dropped, then rose again.
Click to expand...

No, I didn't. Try reading. I said the LARGEST factor is supply and demand.

The price of fuel at the start of Q3 was $5.03. At the end of the quarter it was $4.08. Fact.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m
 
BartenderElite said:
There are obviously problems w/ the economy - but it's not the Depression-era despair that conservatives keep hammering on every day.

It's very mixed. Jobs-wise, this economy is very solid. All things considered w/ the events & circumstances of the past 5 years or so, we're not in that bad of a place.
Click to expand...

I agree about problems with the economy. RWNJs like to claim it's all Biden's fault yet economic problems are all over the globe and Biden doesn't rule the world. IMO the coronavirus set off a chain of events that led us to where we and the world are today.
 
RB 60 said:
Prices have risen since Biden took office. They haven't come down yet. That is depressing.
Click to expand...

That is due to Putin's war and energy company gouging. Oil impacts everything and Putin gutted the supply. Ukraine is Europe's breadbasket. Wait until that impacts us all. You will blame the Dems. Oil is traded on the commodity markets and speculators see the supply dwindling in the future. The oil companies also had the chance to rip us off as profits went up 58 percent this year.
 
Nordberg said:
That is due to Putin's war and energy company gouging. Oil impacts everything and Putin gutted the supply. Ukraine is Europe's breadbasket. Wait until that impacts us all. You will blame the Dems. Oil is traded on the commodity markets and speculators see the supply dwindling in the future. The oil companies also had the chance to rip us off as profits went up 58 percent this year.
Click to expand...

Not really.

When Biden took office?
The price was roughly $54 a barrel.
Before Russia attacked Ukraine?
It was up to over $90.

https://ycharts.com/indicators/average_crude_oil_spot_price

And there is zero proof (that I have seen) that the energy companies have raised their profit margins recently.
NOT their profits...their profit margins.
If their margins are the same as before?
One cannot accurately accuse them of 'gouging'.

Now, I don't for one second, blame Biden exclusively for the oil inflation.
Or even mostly.
There are FAR more numerous and larger, other causes.
OPEC, the Fed, Congress, Biden, the War and LOTS of other reasons.

But saying it's all down to the war/gouging is erroneous, IMO.
 
McRocket said:
Not really.

When Biden took office?
The price was roughly $54 a barrel.
Before Russia attacked Ukraine?
It was up to over $90.

https://ycharts.com/indicators/average_crude_oil_spot_price

And there is zero proof (that I have seen) that the energy companies have raised their profit margins recently.
NOT their profits...their profit margins.
If their margins are the same as before?
One cannot accurately accuse them of 'gouging'.

Now, I don't for one second, blame Biden exclusively for the oil inflation.
Or even mostly.
There are FAR more numerous and larger, other causes.
OPEC, the Fed, Congress, Biden, the War and LOTS of other reasons.

But saying it's all down to the war/gouging is erroneous, IMO.
Click to expand...

Putin said he was going to attack. Oil is traded on the commodity market by speculators. That is the cause. It may be true that OPEC is trying to help the rightys. They want a dictatorship here ,one that is corrupt enough to look away at the horrible things they do and want to do in the future.
Up 58 percent tells you they are not the same.
 
Nordberg said:
That is due to Putin's war and energy company gouging. Oil impacts everything and Putin gutted the supply. Ukraine is Europe's breadbasket. Wait until that impacts us all. You will blame the Dems. Oil is traded on the commodity markets and speculators see the supply dwindling in the future. The oil companies also had the chance to rip us off as profits went up 58 percent this year.
Click to expand...

It sure didn't help that Ole Joe pissed off the Saudi's...
 
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