The Panpipe Effect

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15 Responses to The Panpipe Effect

  1. Boambee John says:

    All part of the “Biden Boom”, as touted here by Non Mentis.

  2. Not Trampis says:

    Alas since no-one here understands fixing inflation is the Feds problem.
    They think it is transitory. So do the financial markets.
    Of course it is a boom. how do you think the USA got to full employment so quickly

  3. Boambee John says:

    Non Mentis

    Still avoiding any discussion of the workforce participation rate?

  4. Buccaneer says:

    The Biden admin, proving what sane people around the world already knew, no amount of tinkering around the edges by central bankers or other like institutions (yes, that means the fed) can fix the reckless actions of an irresponsible government.

  5. Bruce of Newcastle says:

    Pipe effect more like. Slow Joe keeps on banning pipelines which could bring Canadian crude to the US. The excuses they’re trotting out are totally ridiculous: all it would take would be to throw open the oil and gas sector and the US would be self sufficient again in months.

    The crazy GHG regulations on trucks and vax mandates on truck drivers have contributed too. Drop ’em all and just see what effect it has on the supply chain. Whooshka.

  6. Tel says:

    Slow Joe keeps on banning pipelines which could bring Canadian crude to the US.

    Oilpipes NOOOOO!

    Of course it is a boom. how do you think the USA got to full employment so quickly

    Crackpipes YES!

    https://fred.stlouisfed.org/series/EMRATIO

    Every employment peak in the USA since year 2000 has been lower than the previous peak. Biden’s stimulus jobs have not even restored the position that existed under Trump in Feb 2020 when the useless lockdowns commenced. It was at 61.2% but after 24 months it has only recovered to 59.9% so it’s still more than 1% short. Based on current trend it would require another 6 months just to break even again. That’s presuming no economic instability in the next 6 months, and the effect of high inflation is hard to predict … inevitably rates will need to go up at least a little bit putting the squeeze on all mortgages, and corporate bonds … a lot of the big tech companies have taken on significant debt, at low rates, which will be difficult to roll over in a high inflation environment.

  7. Boambee John says:

    Tel

    It was at 61.2% but after 24 months it has only recovered to 59.9% so it’s still more than 1% short.

    So, the workforce expansion under the Biden Boom hasn’t got the workforce even back to where it was in February 2020? Meantime, we have the Bidenflation running much higher?

    Nice work Joe!

  8. Lee says:

    So, the workforce expansion under the Biden Boom hasn’t got the workforce even back to where it was in February 2020? Meantime, we have the Bidenflation running much higher?

    NT: But Biden is a genius and we should all worship at his altar!

  9. Tel says:

    So, the workforce expansion under the Biden Boom hasn’t got the workforce even back to where it was in February 2020?

    Not when you consider it proportional to natural growing population.

    With some caveats that both population and jobs are somewhat based on modelling and surveys and both are subject to error, and given the weird happenings of late both population and jobs are likely to be subject to larger than normal error … but those are the best numbers easily available.

  10. Not Trampis says:

    Tel cannot even read his own graphs . I did say employment growth or jobs his graph is something else. However his graph does show the largest increase since WW2.
    He has a numerator and a denominator. I only talked about one.
    Even in the one he talks about we have yet to see a peak.

  11. Boambee John says:

    He has a numerator and a denominator. I only talked about one.

    ROFLMAO! Non Mentis has read How to Lie With Statistics. Amazingly, he seems to have understood at least some of it. Perhaps his pre-school teacher helped him?

  12. Not Trampis says:

    no I understand statistics unlike you bozos.

    It is embarrassing when you cannot understand your own graph although to be fair no deplorables would have looked at it.

  13. Boambee John says:

    Non Mentis

    We’ll, you certainly seem to understand how to lie with statistics, as demonstrated by your use of partial, selective, data.

  14. Tel says:

    I did say employment growth or jobs his graph is something else.

    No you did not, there’s no point telling blatant lies when your own words are right there for everyone to see. You claimed that the USA had reached “full employment”, you said nothing about growth. I even quoted above exactly what you wrote and what I was responding to. Changing the story at the last minute won’t help you here.

    Homer you have all the brains of the clowns that turn their heads back and forth in a fairground sideshow. On multiple occasions you have lost track of what you yourself wrote, in a thread with only a handful of comments.

  15. Boambee John says:

    Tel

    Homer you have all the brains of the clowns that turn their heads back and forth in a fairground sideshow.

    Sideshow clowns around the world are insulted to be associated with Non Mentis!

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