as a counter-point, a MIT study released concludes, through the analysis of price elasticities of demand and supply that basically all of the recent price raises are due to fundamentals rather then speculation. http://web.mit.edu/knittel/www/papers/OilPriceSpec_latest.pdf The St.Louis Fed used a slightly different model to conclude that speculation was secondary at best (though still a significant factor) guessing that texxx works in energy in a financial capacity---he either needs to snipe at his ilk, or live with the fact that the Fed's actions are not as significant as he thinks with this regards (unless you want to make the convoluted argument that the Fed is being overwhelmingly negative contributing to the demand side by well, assuring the American economy doesn't sink into recession).
These strikers need to stop trying to force people to pay them more and instead get a better skill set. No company is gonna hire people who are not worth what they get paid. Even if you try to force them. http://www.latimes.com/business/money/la-fi-mo-applebees-presto-tablets-20131203,0,5940819.story#axzz2mRo2aKlj http://bbs.clutchfans.net/showthread.php?t=247684
you say this, but i guarantee you there is technology coming to replace you as well, no matter your skillset (well unless you're the big honcho strategist, or a set of specialized technical people useful to said honchos, which in the future will basically be limited to hardware, algorithm, NLP and big data specialists). I don't know if you'll be so head-strong when you're staring at capital models that are constantly looking to escape labor, no matter the cost. ex: http://beyondcore.com/ READ: the analysis that used to take us paying a bunch of meatbags to compile can now be done automatically, and by one meatbag! this is the future that looks only to capital, and cares nothing about labour. get ready with your skillsets and attitude. this is just the beginning, and notions of who are "skilled" and "unskilled" will quickly go out the window with each passing year (with each skill being less and less meaningful, other than the skill to control the automatic processes that are displacing said skills) “Software Will Eat the World”-Marc Andreessen
I just ask one thing. Can you at least admit you were incorrect on your food price statements? It is painfully obvious they have not tracked above the inflation rate since Obama was elected.
So you want people to pull themselves up by their bootstraps, but you want to pay them very little for their work? I just think this is a better way to stimulate the economy at this point. Inflation is minimal and minimum wage hasn't increase in awhile. The rule of thumb is that for every 10% increase in minimum wage you get about 0.7% increase in inflation. Additionally, I would be for different minimum wages at different ages like they have in Australia.
"People often asks me what nation does it better. I answer the United States...in the decades following World War 2. [...] Any one of you who feel cynical: consider where we have been."-Robert Reich
tamped down by stagnant growth around the world. Do you believe the Fed's actions will lead to food price inflation in the future?
meanwhile one reason energy prices are going up is because of that "same relative growth in emerging markets" you cited.
http://www.bls.gov/cpi/ You seemed to imply that food prices have gone up at the same rate as energy prices. Now you are saying food prices have been tamped down by stagnant growth. Which one is it? We have to nail this point down first before we can get into your other question.
so let me get this straight. oil prices are raising because of a weak american dollar AND relatively booming economies in the developing world. so, oil demand is rising, and the currency it's measured against is weaker. meanwhile, food prices in the United States are falling because of stagnating growth in the "rest of the world". so, food demand in the rest of the world is falling so fast, that it's actually affecting the rate of imports into the United States, such that food prices in domestic markets are falling despite a weaker American dollar? (yes, food is priced in American dollars in America) have people learned to eat oil? You graduated with a finance degree, methinks, and are in a primarily business intelligence/strategy role at some energy company. heaven forbid that you are an engineer or manage many engineers with that logic. I could be wrong, but that's based on your forum persona and my bull**** psycho-analytics skills, so basically it's just a throwaway thought of mine.
Do you disagree that food is transported around the world using vehicles powered by energy? need to unpack your 30,000 foot stats
You try to use cussing, personal insults and caps lock as your crutch. Try using facts, it's more convincing.
I did use facts, at which point you threw out more unfounded assertions and resorted to name calling.
Natural gas is priced in dollars too. Coffee is priced in dollars. Aluminum is priced in dollars. Potash is priced in dollars. The whole damn CRB index is priced in dollars and it is nearly flat for the past decade. It's like you are trying to argue the sky is red when everyone can clearly see it is blue. Knock yourself out with facts. http://www.jefferies.com/Commodities/2cc/389
After being relatively stable for decades, income inequality started rising in the 1970s, accelerating after the Reagan tax cuts... http://web.archive.org/web/20070208142023/http://www.census.gov/hhes/www/income/histinc/ie6.html And then accelerated even more after the Bush tax cuts... http://www.nytimes.com/2007/03/29/b...472e72466c34c8&ei=5088&partner=rssnyt&emc=rss You should follow your own advice and use facts rather than assumptions, my beyotch.
Food is transported with energy. That's not what we are debating. I am trying to get you to acknowledge your prior statement was incorrect. I know you don't want to admit being wrong. I hate being wrong too. It's ok. We all mess up sometimes. Food price inflation in the US has been minimal. The numbers are clear.
I'm not the only one predicting impacts on food prices... you have to be forward looking http://finance.fortune.cnn.com/2012/12/17/food-inflation-bernanke/
BTW nice thread derail lol... Anyhow...we should raise the minimum wage. Fed policies aren't creating the proper growth and the government needs to take action to stimulate the economy with this measure. It's one of many things the government needs to do, but I think this is a simple thing to do and something that they can't **** up like this ACA garbage.
