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Everything posted by brenthutch

  1. They just have to wait a year or two. The rains and snow of 2019 ended the previous drought and filled their reservoirs and lakes. Drought is and has always been a feature of the climate in the Southwest.
  3. The planet gets roughly the same percentage of its energy from fossil fuels as it did a century ago. Europe is a bit player in the global energy game, 20 times not a lot is still not a lot.
  4. I agree, the tax cut should have been offset by cuts in spending. OTOH spending should be fully paid for by wide base tax increases.
  5. Well let’s just have a massive tax increase and see how well that works out. BTW it is hard to create lots of new jobs when everyone has a job and we are at full employment.
  6. The part where it actually happens.
  7. On my Biden criticism, I quoted Larry Summer, not Fox News. As far as substance? What can be more substantive than actual facts? Inflation rates, GDP, current global temperatures, the amount of energy from fossil fuels vs renewables, the lack of adaptation of EVs, no trend in hurricanes, on and on. I say we are not going to lower global CO2 emissions, I say we will not all be driving EVs, I say we will continue to rely on fossil fuels for the majority of our energy needs and with each passing year I am shown to be correct. Check out my “Build Back Blacker” post to see an example. ”I am cold and I am hard…and my name….is Reality ” (apologies to South Park)
  8. Kallend, your incessant name calling is becoming tiresome. If you have something of substance to share, please do. Otherwise……
  9. “Coal usage in the continent jumped 10% to 15% this year after a colder- and longer-than-usual winter left gas storage sites depleted, said Andy Sommer, team leader of fundamental analysis and modeling at Swiss trader Axpo Solutions AG. As economies reopen and people go back to the office, countries like Germany, the Netherlands and Poland turned to coal to keep the lights on.” Why are they going back to coal when they can just use wind and solar instead?
  10. You can come out of your bunker and get rid of your masks, the pandemic is over.
  11. When unemployment benefits exceed what workers would have made by working. Folks aren’t lazy, they are smart. Why go back to work when you can make more money sitting on your couch and playing x-box? A friend of mine who manages a Quaker Steak and Lube (it is a restaurant)hired a guy who just informed him that he will not start until his enhanced benefits run out.
  12. The economy, pre-pandemic, would bear that out. Record low unemployment (especially for minorities) and real wage growth. AKA trickle down.
  13. The money should have been concentrated to help the folks who were most impacted by the pandemic. I don’t see how giving thousands of dollars to people who never missed a paycheck helps anything. Much of that money ended up in the stock market and gun stores. That is one of the reasons the market is doing well and why guns and ammunition are in short supply.
  14. When the government supplies the demand with a money party while constraining supply of goods and services, it is a market distortion and we are seeing the results.
  15. The stimulus was expensive and unnecessary, while 10% was unemployed and needed assistance 90% did not. There was an EXTRA Trillion dollars stacked up in people’s checking accounts during the pandemic just waiting to be spent. There was no need to stimulate an otherwise sound economy. We just needed to end the pandemic we did not need to have a money party at our children’s expense. The oversupply of cash and the under supply of goods and services (due in part to the overly generous unemployment benefits) has, predictably, resulted in inflation.
  16. “Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in the U.S. economy, the Labor Department reported Tuesday. The 6.6% surge was the biggest 12-month rise in the final demand index since the Bureau of Labor Statistics began tracking the data in November 2010. On a monthly basis, the producer price index for final demand rose 0.8%, ahead of the Dow Jones estimate of 0.5%. Those higher price pressures came amid a pronounced dip in retail sales, which fell 1.3% in May,” Yep, Biden is doing just great.
  17. I’m looking forward to the official declaration of the end date of the recession. I will remind you, this all started when Kallend claimed we were in a recession last fall and I told him he was wrong because the economy was growing. I suspect we will find out who was right and who was a fool in the next few months.
  18. “U.S. Pacific Coastal Droughts Are Predominantly Driven by Internal Atmospheric Variability”
  19. CNN has been covering Trump for the last half hour and counting.
  20. Because they would be reporting it if one of the Trump boys did the same.
  21. We will have to wait for the National Bureau of Economic Research to make the official call, but it looks like I was right and you and your pals were wrong. “My guess is that the NBER dating committee will conclude that it ended in April or May," of 2020, said David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Washington-based Brookings Institution. The committee "wisely, didn’t rush to that conclusion because no one knew if the virus and the recession would come back." "I definitely think it's over," said Josh Bivens, research director at the Economic Policy Institute, a Washington-based think tank that focuses on labor issues. Even with the existing gap in employment of about 8.5 million jobs missing from before the pandemic, the committee "might even date its end in June or July of last year."”
  22. The DJIA was up 11.77% the S&P 500 up 13.7% and the Nasdaq up a record 24.17% under Trump. That is not a FOX news talking point those are the facts. The economy grew 33.4% during the third quarter of 2020 and Kallend thought we were still in a recession. Under Biden the last two months have had disappointing jobs numbers (according to MSNBC) despite TRILLIONS in stimulus and what growth there has been in wages has been offset to a degree by rising inflation. Our southern border remains open with thousands pouring in unabated every week. No legislation on climate or infrastructure. Shut down an American pipeline costing thousands of good paying union jobs while green lighting a Russian pipeline by removing Trump era sanctions. We will see in a few days if he can stand up to Putin. Let’s hope so.
  23. I never said it was wrong it just continues to dwell on Trump while ignoring or downplaying more current events. They have to fill up the news cycle somehow and reporting on the accomplishments of the Biden administration only takes about two minutes.
  24. I didn’t say we are currently experiencing stagflation. I just wanted to help you understand that inflation can/has coexisted with slow growth.