Quote:
Originally Posted by Jibartik
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Every day the president gets on TV and says the ports are open, while ships still sit idle in every direction off the coast.
The economy is stronger than it was pre pandemic, while CNN reports that it's worse off than it's been in 20 years.
That jobs are higher than they have been in a year even though every job report is drastically under expectations.
We live in 1980s russia where the shadows point in all directions and the goverment is like, "no no that's the way it's supposed to be, things are great!"
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Ports can be both open and have a queue for ships to dock.
Demand for goods is so high, crate fees from China are up 9x pre-pandemic. They're going to go down, but not all the way right away. $27K now, was $3.5K in 2019.
Jobs reports depend so heavily on the working poor who can't afford to buy anything anyway that they become less relevant year after year.
Look at what people who earn a living wage are spending. Look at commercial real estate space.
Finally, the cost of childcare is out balance. Why work for $12/hour when you can go to Amazon for $20+? Less availability and centers running at 50% capacity are raising rates thus pricing some young parents out of the workforce.
And yea, by February many/most of us will have had COVID. I'm liking my chances to be asymptomatic or mildly ill based on Pfizer x2 and Moderna booster. We'll see.
12-22-2021, 12:42 PM
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