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05/24/24 05:50 PM #7977    

 

Dick Storey

Please see:

What’s really happening in America’s economy (Trump and Biden spin aside)

https://www.cnn.com/2024/05/24/business/us-economy-whats-happening/index.html

Several paragraphs down from the start--

 The good

“If you’re already optimistic about the economy’s current state, you’re going to feel even better by parsing through some of the latest labor market data.

Currently, there are 8.5 million job openings. That exceeds the number of pre-pandemic job openings by 1.5 million. Meanwhile, there are 6.5 million unemployed people. That means there’s more than one job per job seeker. In the decade preceding the pandemic, that ratio was 0.6 on average, signifying there were more job seekers than the number of job openings. “  ►

 The bad

Though inflation has cooled significantly from its peak in the summer of 2022, further progress toward the Federal Reserve’s 2% target is looking like it’ll be a lengthy process.

That trajectory has taken many Fed officials by surprise, including Gov. Christopher Waller who thought the economy would be in a good position for cutting interest rates by now. “However, the first three months of 2024 threw cold water on that outlook, as data on both inflation and economic activity came in much hotter than anticipated,” Waller said in a speech Tuesday.

But he said April Consumer Price Index data, which showed headline inflation levels cooled slightly, was “welcome relief.”

“If I were still a professor and had to assign a grade to this inflation report, it would be a C+— far from failing but not stellar either,” he added.

US inflation has cooled a lot but remains stubborn

As of March 2024, the nation's inflation rate is 2.7% — which exceeds the Federal Reserve's 2% target. ►

The ugly

The biggest flashing red light in the economy right now is the level of debt people are racking up.

One reason consumer spending has held up so well in the face of higher-than-desirable inflation combined with the highest interest rates in over two decades is that consumers aren’t necessarily spending within their means.

The savings many accumulated during the pandemic have all but evaporated, leading to a lot more credit card purchases that aren’t being paid back on time.

That, combined with the gradually cooling labor market — which is reducing workers’ leverage — is causing some households to accumulate more debt and fall into serious delinquency, meaning 90+ days late on a payment.

Recent New York Fed data showed the percentage of credit card balances in serious delinquency climbed to its highest level since 2012.  ► more

 

 

 

 


05/26/24 06:30 PM #7978    

 

W Leggett

Dick Sytore, ADD CALIFORNIA  GOVERNOR TO THE LIST. THE MONEY THAT IS MISSING. NO RECORDS OF HOW IT WAS SPENT ON A PROJECT. $25, billion FOR THE HOMELESS.

 

A man asked his wife what she wanted for her 40th birthday.

“I’d like to be six again,” she replied.

On the morning of her birthday, he woke her up early and they went to a local amusement park.

What a day! He took her on every ride in the park: Death Slide, Scream Loop, Wall of Horror, everything! Wow!

Five hours later, dizzy and sick to his stomach, he staggered out of the amusement park.

They went straight to McDonald’s and her husband ordered her a Happy Meal with extra fries and a refreshing chocolate shake.

Then they went to the movies – it was the latest Disney movie and what an amazing adventure!

Finally, she returned home with her husband and collapsed on the bed.

Her husband leaned over and asked her affectionately: “So, honey, what was it like to be six years old again?”

The woman looked up wearily and said;

“You fool, I meant my dress size.”

The moral of the story is this:

If a woman speaks and a man is really listening, he will still misunderstand.


05/27/24 02:01 PM #7979    

 

Dick Storey

Remembering our fallen heroes.

On this special day of remembrance, we want to express our total respect and full appreciation for all the veterans from RHS.

Thank you for your service! Thank you for your sacrifices, for your valor, for protecting us, and for defending our freedom and this great country.


05/27/24 06:34 PM #7980    

 

W Leggett

Quite The Ax To Grind Here

At first, it may seem like the person who parked the Audi did nothing wrong. To some people, it may seem like whoever did this to the car was wrong. But it appears that the driver of this car made some mistake that someone decided to teach them a lesson.

 

 

 

Quite The Ax To Grind Here


05/28/24 12:17 PM #7981    

 

Gary Price

Analysis | America’s best decade, according to data

 

When pollsters asked Americans when America had the best economy, most moral society or best music, one variable best predicted their answers. It wasn’t race, gender or politics.

By Andrew Van Dam

 

https://wapo.st/3WXd9xS


05/28/24 04:21 PM #7982    

 

Dick Storey

OK Gary, what was it?


05/28/24 08:06 PM #7983    

 

Gary Price

"So, we looked at the data another way, measuring the gap between each person’s birth year and their ideal decade. The consistency of the resulting pattern delighted us: It shows that Americans feel nostalgia not for a specific era, but for a specific age.


The good old days when America was 'great' aren’t the 1950s. They’re whatever decade you were 11, your parents knew the correct answer to any question, and you’d never heard of war crimes tribunals, microplastics or improvised explosive devices. Or when you were 15 and athletes and musicians still played hard and hadn’t sold out."


05/28/24 08:08 PM #7984    

 

Gary Price


05/29/24 12:06 PM #7985    

 

Cheryl Corazzi (Essex)

That is so interesting!!!


05/30/24 02:04 PM #7986    

 

Nova Guynes

 

Most of us were born at the end of the Silent Generation and the beginning of the Baby Boom Generation, so I guess we have both traits.

The Greatest Generation Born 1901 – 1927 - lived through the Great Depression and then went off to fight in World War II. Notably, they popularized jazz and swing music, but don't be fooled by the wild provocations of the cultural preferences of the times. Due to the current events of this generation, the challenge of raising a family put a premium on traits like hard work and grit.

The Silent Generation – Born 1928 – 1945 - famously got their name for being so conformist that they were silent through the MacCarthy era when the fear of Communism swept the country.2 During this era, kids were expected to earn their way through life using a strong work ethic.

Baby Boom Generation – Born 1946 – 1964 - Gen Z may think of Baby Boomers as their out-of-touch grandparents (as in "OK, Boomer"), but this generation actually had a wild youth we often don't talk about. Boomers are named for the population "boom" that occurred after WWII, and many young people of this generation defied their parents, protested the Vietnam War, and created the "Summer of Love."

Boomer parents notably redefined parenting by being the first generation to look at their kids' perspective of growing up, and they started the concept of having family meetings.

Generation X: Born 1965–1980 - So often dismissed as the slacker generation, Generation X lived through the AIDS epidemic, MTV culture, and a shifting landscape that would give rise to LGBTQ+ rights.

Generation X parents were the first to use helicopter parenting styles. Unlike their Boomer parents, who famously let their kids stay outside until the streetlights came on, Gen X'ers have a tendency to be far more involved with their children's social and educational development.

Millennial Generation or Generation Y: Born 1981–1996 - Millennials lived through 9/11, remember when Amazon only sold books, and are also the first generation to know a childhood both with and without the internet, which now plays a significant role in their personal lives.

While Boomers may accuse Millennials of being self-centered and impatient due to their excessive use of technology, this generation has proven to actually be incredibly community-oriented and environmentally conscious, which are traits that are being picked up by their children.

Generation Z or iGen: Born 1997–2010 - Generation Z kids are the first to be born into a world where they know nothing else besides being constantly connected to one another, albeit through phones, screens, and tablets. However, like millennials before them, Gen Z'ers are often environmentally conscious, inclusive and accepting of others, and extremely politically aware—despite many of them not yet being of voting age

Generation Alpha: Born 2010-2024 - Kids born between 2010 and 2024 are part of Generation Alpha.4 Generation Alpha is the first generation of kids who will never know a time when social media didn't exist, and they are far more tech-savvy than any generation previously, which is a powerful tool that can change humanity in myriad positive ways.


06/03/24 02:54 PM #7987    

 

Dick Storey

Nova,

Interesting take on this. Source, please.


06/04/24 11:41 AM #7988    

 

Nova Guynes

Dick – I think I used Pew Research Center but if you do a search for Generations over the years you will find many sources. Many years ago, I was in a management class that talked about The Generations over years and how you should use their age to help figure out the best way to manage them or deal with them.  The class broke the generations into a lot more details in their likes and dislikes.  I wish I could have found the one with more details but could not find it.  I was amazed on how accurate it was. 


06/04/24 12:05 PM #7989    

 

Nova Guynes

From John Hopkins University

The Baby Boomers, or “Boomers,” were born and raised in post-WWII (post-World War II) American society. This period saw younger marriages, higher childbirth rates, and, resultingly, greater resource scarcity. Being raised in a society with limited resources, limited jobs, and limited schooling inspired a generation of competitors: individuals who operated with a “work as hard as you can, then work even harder the next time” mindset.  

According to liveaboutdotcom, some common workplace and worker values/mindsets associated with the Boomer generation are work-centric and workaholic, independent and self-assertive, goal-oriented and career-focused, competitive, and self-actualized. Together, these values and mindsets suggest a generation that prioritizes efficiency and efficacy in the workplace but has little regard for a work-life balance, with work tending to be the center of their lives. 

We were at the end of the Silent Generation and beginning of the Baby Boom Generation

I bet the above describes a lot of us.  Do any of you feel the above describes you?  I have been told that it describes me well, I am not sure if that is good or bad.  


06/04/24 09:00 PM #7990    

 

Bob Lewis

 

Bill,
 
I do hope this finds you much better and ready to conquer the world.  We need to keep you around.
 
Ventura weather is pretty constant.  We are currently experiencing June gloom with weather from mid to high 50s in the early mornings to highs in the low 60s. 
 
I canceled our Washington DC Historic trip for this year.  Yup, another minor injury. 
 
Bob Lewis
 
 

06/04/24 09:19 PM #7991    

 

W Leggett

BOB, DOCTOR STILL WON'T LET ME DO ANYTHING. MY BACKYARD IS A MESS SO IS MY FRONT YARD BUT NOT AS BAD.  STILL NEED TO FINISH THE REMODEL OF MY 3RD BATHROOM. I DO USE MY WEED EATER FOR A LITTLE BIT.  IT'S HARD TO SIT STILL ETC.  I AM USE TO BEING ACTIVE ALL THE TIME.


06/04/24 11:33 PM #7992    

 

W Leggett


06/05/24 01:36 PM #7993    

 

Cheryl Corazzi (Essex)

My golf game looks very similar!😂😂


06/05/24 04:05 PM #7994    

 

Connie Schuerman (Von Dielingen)

Bill ... I love all of your golf cartoons. They sure hit close to home.  This foot wedge is my new favorite club ! 


06/05/24 04:07 PM #7995    

 

Rowland Greenwade

While we are on "corny" golf jokes, I will pass along advice I recieved from the Onion Creek golf club office recently:  "Don't drink and drive...and don't even putt!"

On another almost as serious subject: 

Bill, now you understand why it is so hard to get many of our members to make posts.  Our class was born on the cusp of the "Silent Generation" and the "Baby Boom Generation".

Some of us are just not inclined to talk, others just won't shut up!

Nova: Thank you for making this point for us.

Rowland

 


06/05/24 04:43 PM #7996    

 

W Leggett

CONNIE foot wedge is my new favorite club.

CONNIE I COMEPAIRED IT TO A COUPLE OF YOUR FEET PHOTO' 

 WITH RED TOE NAILS POLISH  A PERFIT MATCH


06/05/24 04:48 PM #7997    

 

W Leggett

ROLAND  Our class was born on the cusp of the "Silent Generation" and the "Baby Boom Generation".

NOT THE WAY IT  WAS IN HIGH SCHOOL.  DON'T YOU REMEMBER OUR TEACHERS TELLING US TO BE QUITE. AN ALL THE NOISE IN THE HALLS


06/05/24 05:52 PM #7998    

 

Allan Benglen

Rowland, I agree about not talking....just serving, for many us.


06/06/24 02:45 PM #7999    

 

Dorothy Wade (Crawford)

Just a quick note. Grant received notification on the RHS 1962 blog that Louise Morgan(Haley) has passed away.


06/06/24 04:03 PM #8000    

 

Dick Storey

Only forty percent (40%) of registered voters cast a ballot in Montana’s primary election last Tuesday. In 2020, the turnout was 55%. (MT Standard newspaper —today).

I wonder about other states.

According to Gary Weins, (CEO of MT Electric Coops Assoc.), Thomas Jefferson, a founding father of our great nation, once said, “We in America don’t have a government by the majority, we have a government by the majority who participate.”

Weins also wrote that someone else described the painful consequences of failing to participate in government (elections--vote, boards, lobbying, voting site clerks, campaigns, e.g. & etc) –said it this way, “If you are not at the table you are on the menu.” In other words, you could end up being the meal, if you are not willing to get involved.

--------------

What would be the turnout if we did not have mail-in ballots and/or drop boxes? (I’ve heard Trump now supports the drop-box vote?) Twelve states ban drop boxes, 29 require or offer them, widespread, 5 allow them with some restrictions. 

“ In addition to returning absentee or mail ballots through the postal service, many states offer voters the option of returning their ballot to a secure drop box provided by election authorities. States take a variety of policy approaches to ballot drop boxes, with some states requiring they be accessible statewide, while other states limit, restrict, or even ban the option. “

See https://www.lgbtmap.org/democracy-maps/drop_box_policies

-----------------------

 


06/06/24 04:15 PM #8001    

 

Clark Walter

Dear Friends,  I do enjoy reading the posts on this sight daily eventhough i dont contribute very often.  Please keep this up.  RHS 63 forever.


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