The ISM Manufacturing New Orders Index came in at a reading of 46.8
for August 2023. This is a level that signals weakness for new
industrial orders.
However, the bigger story is that August marked the 12th consecutive
month of contraction for the ISM Manufacturing New Orders Index.
There have only been three instances in the 75 years (since 1948)
that this index has been reported where we've witnessed a full year
or longer of readings below 50. The only two other instances were in 1981-1982 (18 months) and 2008-2009 (14 months).
Furthermore, every instance where the ISM Manufacturing New Orders
Index came in below 50 for at least a nine-month stretch has resulted
in the U.S. economy falling into a recession. Based strictly on
historical precedent, this index is telling investors that a U.S.
recession is coming.
On 9/9/23 10:07 AM, ScottW wrote:
The ISM Manufacturing New Orders Index came in at a reading of 46.8
for August 2023. This is a level that signals weakness for new
industrial orders.
However, the bigger story is that August marked the 12th consecutive
month of contraction for the ISM Manufacturing New Orders Index.
There have only been three instances in the 75 years (since 1948)
that this index has been reported where we've witnessed a full year
or longer of readings below 50. The only two other instances were in 1981-1982 (18 months) and 2008-2009 (14 months).
Furthermore, every instance where the ISM Manufacturing New OrdersThanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the economy, has been hammered by 525 basis points worth of interest rate increases from the Fed since March 2022.
Index came in below 50 for at least a nine-month stretch has resulted
in the U.S. economy falling into a recession. Based strictly on
historical precedent, this index is telling investors that a U.S. recession is coming.
This measure will improve if the Fed foregoes its next hike.
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7, mINE109 wrote:
On 9/9/23 10:07 AM, ScottW wrote:
The ISM Manufacturing New Orders Index came in at a reading of 46.8
for August 2023. This is a level that signals weakness for new
industrial orders.
Thanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the
economy, has been hammered by 525 basis points worth of interest rate
increases from the Fed since March 2022.
This measure will improve if the Fed foregoes its next hike.
Dems spend and the Fed should have done nothing on the resulting inflation. You're a genius.
On 9/9/23 11:15 AM, ScottW wrote:
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7, mINE109 wrote:
On 9/9/23 10:07 AM, ScottW wrote:
The ISM Manufacturing New Orders Index came in at a reading of 46.8Thanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the
for August 2023. This is a level that signals weakness for new
industrial orders.
economy, has been hammered by 525 basis points worth of interest rate
increases from the Fed since March 2022.
This measure will improve if the Fed foregoes its next hike.
Dems spend and the Fed should have done nothing on the resulting inflation.Inflation's down, genius. No need for another hike
You're a genius.
On Saturday, September 9, 2023 at 10:20:37 AM UTC-7, mINE109 wrote:
On 9/9/23 11:15 AM, ScottW wrote:
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7, mINE109 wrote:Inflation's down, genius. No need for another hike
On 9/9/23 10:07 AM, ScottW wrote:
The ISM Manufacturing New Orders Index came in at a reading of 46.8Thanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the
for August 2023. This is a level that signals weakness for new
industrial orders.
economy, has been hammered by 525 basis points worth of interest rate
increases from the Fed since March 2022.
This measure will improve if the Fed foregoes its next hike.
Dems spend and the Fed should have done nothing on the resulting inflation. >>> You're a genius.
As if no more hikes will recover manufacturing.
On 9/9/23 12:28 PM, ScottW wrote:
On Saturday, September 9, 2023 at 10:20:37 AM UTC-7, mINE109 wrote:
On 9/9/23 11:15 AM, ScottW wrote:
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7, mINE109 wrote: >>>> On 9/9/23 10:07 AM, ScottW wrote:Inflation's down, genius. No need for another hike
The ISM Manufacturing New Orders Index came in at a reading of 46.8 >>>>> for August 2023. This is a level that signals weakness for newThanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the >>>> economy, has been hammered by 525 basis points worth of interest rate >>>> increases from the Fed since March 2022.
industrial orders.
This measure will improve if the Fed foregoes its next hike.
Dems spend and the Fed should have done nothing on the resulting inflation.
You're a genius.
As if no more hikes will recover manufacturing.More hikes will reduce it.
On 9/9/23 12:28 PM, ScottW wrote:
On Saturday, September 9, 2023 at 10:20:37 AM UTC-7, mINE109 wrote:
On 9/9/23 11:15 AM, ScottW wrote:
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7, mINE109 wrote: >>>> On 9/9/23 10:07 AM, ScottW wrote:Inflation's down, genius. No need for another hike
The ISM Manufacturing New Orders Index came in at a reading of 46.8 >>>>> for August 2023. This is a level that signals weakness for newThanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the >>>> economy, has been hammered by 525 basis points worth of interest rate >>>> increases from the Fed since March 2022.
industrial orders.
This measure will improve if the Fed foregoes its next hike.
Dems spend and the Fed should have done nothing on the resulting inflation.
You're a genius.
As if no more hikes will recover manufacturing.More hikes will reduce it.
On Saturday, September 9, 2023 at 10:39:25 AM UTC-7, mINE109 wrote:
On 9/9/23 12:28 PM, ScottW wrote:
On Saturday, September 9, 2023 at 10:20:37 AM UTC-7, mINE109 wrote:More hikes will reduce it.
On 9/9/23 11:15 AM, ScottW wrote:
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7, mINE109 wrote: >>>>>> On 9/9/23 10:07 AM, ScottW wrote:Inflation's down, genius. No need for another hike
The ISM Manufacturing New Orders Index came in at a reading of 46.8 >>>>>>> for August 2023. This is a level that signals weakness for newThanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the >>>>>> economy, has been hammered by 525 basis points worth of interest rate >>>>>> increases from the Fed since March 2022.
industrial orders.
This measure will improve if the Fed foregoes its next hike.
Dems spend and the Fed should have done nothing on the resulting inflation.
You're a genius.
As if no more hikes will recover manufacturing.
It's already been a year of manufacturing decline....and you're happy as is.
On 9/10/23 11:45 AM, ScottW wrote:
On Saturday, September 9, 2023 at 10:39:25 AM UTC-7, mINE109 wrote:
On 9/9/23 12:28 PM, ScottW wrote:
On Saturday, September 9, 2023 at 10:20:37 AM UTC-7, mINE109 wrote: >>>> On 9/9/23 11:15 AM, ScottW wrote:More hikes will reduce it.
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7, mINE109 wrote: >>>>>> On 9/9/23 10:07 AM, ScottW wrote:Inflation's down, genius. No need for another hike
The ISM Manufacturing New Orders Index came in at a reading of 46.8 >>>>>>> for August 2023. This is a level that signals weakness for new >>>>>>> industrial orders.Thanks, Fed! Reuters: Manufacturing, which accounts for 11.1% of the >>>>>> economy, has been hammered by 525 basis points worth of interest rate >>>>>> increases from the Fed since March 2022.
This measure will improve if the Fed foregoes its next hike.
Dems spend and the Fed should have done nothing on the resulting inflation.
You're a genius.
As if no more hikes will recover manufacturing.
It's already been a year of manufacturing decline....and you're happy as is.Manufacturing is enjoying new investment.
New orders will lag behind
that.
Also, the decline is partially due to interest rate hikes deemed
necessary by the Fed to fight inflation.
You're against inflation, right? Biden managed to fight it without a big jump in unemployment.
On Sunday, September 10, 2023 at 3:29:42 PM UTC-7, mINE109 wrote:
On 9/10/23 11:45 AM, ScottW wrote:
On Saturday, September 9, 2023 at 10:39:25 AM UTC-7, mINE109Manufacturing is enjoying new investment.
wrote:
On 9/9/23 12:28 PM, ScottW wrote:
On Saturday, September 9, 2023 at 10:20:37 AM UTC-7, mINE109More hikes will reduce it.
wrote:
On 9/9/23 11:15 AM, ScottW wrote:
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7,Inflation's down, genius. No need for another hike
mINE109 wrote:
On 9/9/23 10:07 AM, ScottW wrote:
The ISM Manufacturing New Orders Index came in at aThanks, Fed! Reuters: Manufacturing, which accounts for
reading of 46.8 for August 2023. This is a level that
signals weakness for new industrial orders.
11.1% of the economy, has been hammered by 525 basis
points worth of interest rate increases from the Fed
since March 2022.
This measure will improve if the Fed foregoes its next
hike.
Dems spend and the Fed should have done nothing on the
resulting inflation. You're a genius.
As if no more hikes will recover manufacturing.
It's already been a year of manufacturing decline....and you're
happy as is.
Just like Obama's Solyndra investment.
New orders will lag behind that.
Orders don't come from investment in manufacturers. They come from
customers and increase in their demand which because of Biden....is
in rapid decline.
https://www.forbes.com/sites/pamdanziger/2023/04/28/consumer-demand-is-slowing-good-for-government-policy-wonks-bad-for-retailers/?sh=5ef1f0675fd7
Also, the decline is partially due to interest rate hikes deemed
necessary by the Fed to fight inflation.
Do you deem it unnecessary?
You're against inflation, right? Biden managed to fight it without
a big jump in unemployment.
Really?....all those new jobs keep evaporating in revisions while unemployment never gets revised. It's called Bidenomics.
On 9/10/23 7:11 PM, ScottW wrote:
On Sunday, September 10, 2023 at 3:29:42 PM UTC-7, mINE109 wrote:
On 9/10/23 11:45 AM, ScottW wrote:
On Saturday, September 9, 2023 at 10:39:25 AM UTC-7, mINE109Manufacturing is enjoying new investment.
wrote:
On 9/9/23 12:28 PM, ScottW wrote:
On Saturday, September 9, 2023 at 10:20:37 AM UTC-7, mINE109More hikes will reduce it.
wrote:
On 9/9/23 11:15 AM, ScottW wrote:
On Saturday, September 9, 2023 at 8:27:16 AM UTC-7,Inflation's down, genius. No need for another hike
mINE109 wrote:
On 9/9/23 10:07 AM, ScottW wrote:
The ISM Manufacturing New Orders Index came in at aThanks, Fed! Reuters: Manufacturing, which accounts for
reading of 46.8 for August 2023. This is a level that
signals weakness for new industrial orders.
11.1% of the economy, has been hammered by 525 basis
points worth of interest rate increases from the Fed
since March 2022.
This measure will improve if the Fed foregoes its next
hike.
Dems spend and the Fed should have done nothing on the
resulting inflation. You're a genius.
As if no more hikes will recover manufacturing.
It's already been a year of manufacturing decline....and you're
happy as is.
Just like Obama's Solyndra investment.Solyndra was part of a successful investment program but the IRA is much bigger.
https://www.csmonitor.com/Business/In-Gear/2016/1017/Solyndra-who-The-Energy-Department-s-loan-program-is-now-profitable
New orders will lag behind that.
Orders don't come from investment in manufacturers. They come from customers and increase in their demand which because of Biden....isYou think customers order from manufacturing that doesn't exist yet?
in rapid decline.
There's a lag.
https://www.forbes.com/sites/pamdanziger/2023/04/28/consumer-demand-is-slowing-good-for-government-policy-wonks-bad-for-retailers/?sh=5ef1f0675fd7
Yes, good for wonks the way higher unemployment makes Larry Summers happy.
If you want to cool down an inflationary economy, support leadership
when it actually happens.
Also, the decline is partially due to interest rate hikes deemed
necessary by the Fed to fight inflation.
Do you deem it unnecessary?So long as inflation is the target and not higher unemployment.
You're against inflation, right? Biden managed to fight it without
a big jump in unemployment.
Really?....all those new jobs keep evaporating in revisions while unemployment never gets revised. It's called Bidenomics.Unemployment is low and low by historical standards. And those revisions
are headline fodder but:
https://www.nytimes.com/2023/08/23/business/economy/us-job-growth.html
"The revisions, which are preliminary, don’t change the big picture: Job growth has slowed since the initial wave of post-lockdown reopening, but
has remained surprisingly resilient. Even after the latest revision,
there were 2.8 million more jobs in March than before the pandemic began."
Voters won't be reading you reports,
They will be looking at their [paychecks, their grocery store register receipts,
their bank account balances, and their credit card balances.
Different subject. They might also look a the Trump indictment count.
On 9/11/23 12:58 PM, Art Sackman wrote:
Voters won't be reading you reports,Different subject. They might also look a the Trump indictment count.
They will be looking at their [paychecks, their grocery store register receipts,
their bank account balances, and their credit card balances.
On Monday, September 11, 2023 at 4:35:30 PM UTC-4, mINE109 wrote:
On 9/11/23 12:58 PM, Art Sackman wrote:
Voters won't be reading you reports,Different subject. They might also look a the Trump indictment count.
They will be looking at their [paychecks, their grocery store register receipts,
their bank account balances, and their credit card balances.
That doesn't put meat in their sandwiches.
On 9/14/23 4:59 PM, Art Sackman wrote:
On Monday, September 11, 2023 at 4:35:30 PM UTC-4, mINE109 wrote:
On 9/11/23 12:58 PM, Art Sackman wrote:
Voters won't be reading you reports,Different subject. They might also look a the Trump indictment count.
They will be looking at their [paychecks, their grocery store register receipts,
their bank account balances, and their credit card balances.
That doesn't put meat in their sandwiches.https://www.agriculture.com/food-inflation-rate-is-lowest-in-two-years-7969644
"Grocery prices... over the past year... for meat, poultry, fish, and
eggs were unchanged."
On Friday, September 15, 2023 at 7:43:57 AM UTC-7, mINE109 wrote:
On 9/14/23 4:59 PM, Art Sackman wrote:
On Monday, September 11, 2023 at 4:35:30 PM UTC-4, mINE109 wrote:
Different subject. They might also look a the Trump indictment count.
That doesn't put meat in their sandwiches.https://www.agriculture.com/food-inflation-rate-is-lowest-in-two-years-7969644
"Grocery prices... over the past year... for meat, poultry, fish, and
eggs were unchanged."
And everything else must be up a lot. From your site....which you decided not to note...
"The annualized food inflation rate of 4.3 percent is the lowest since 3.7% rate in August 21"
That's a horrible track record.
Bottom line....the normalized average income is down almost 4000$ under Biden.
That's a really tough reality to tell people to ignore.
On 9/15/23 11:23 AM, ScottW wrote:
On Friday, September 15, 2023 at 7:43:57 AM UTC-7, mINE109 wrote:
On 9/14/23 4:59 PM, Art Sackman wrote:
On Monday, September 11, 2023 at 4:35:30 PM UTC-4, mINE109 wrote:
Different subject. They might also look a the Trump indictment count.
That doesn't put meat in their sandwiches.https://www.agriculture.com/food-inflation-rate-is-lowest-in-two-years-7969644
"Grocery prices... over the past year... for meat, poultry, fish, and
eggs were unchanged."
And everything else must be up a lot. From your site....which you decided not to note...That's because I responded to a specific point.
"The annualized food inflation rate of 4.3 percent is the lowest since 3.7% rate in August 21"
That's a horrible track record.Lower is better.
Bottom line....the normalized average income is down almost 4000$ under Biden.Average? Considering we're coming out of a world-wide economic
That's a really tough reality to tell people to ignore.
disruption due to the pandemic that threatened depression and economic collapse, some perspective is in order.
"Grocery prices... over the past year... for meat, poultry, fish, and
eggs were unchanged."
On Friday, September 15, 2023 at 11:01:38 AM UTC-7, mINE109 wrote:
On 9/15/23 11:23 AM, ScottW wrote:
Bottom line....the normalized average income is down almost 4000$Average? Considering we're coming out of a world-wide economic
under Biden. That's a really tough reality to tell people to
ignore.
disruption due to the pandemic that threatened depression and
economic collapse, some perspective is in order.
Stop the BS. That pandemic shit is over. Biden's bragging that all
the lost jobs restored and then some. And as you brag, unnormalized
wages are up. If this was pandemic caused they would be down too.
Your perspective is delusional.
On Friday, September 15, 2023 at 10:43:57 AM UTC-4, mINE109 wrote:
"Grocery prices... over the past year... for meat, poultry, fish, and
eggs were unchanged."
What have you been eating, the grass in your backyard?
On 9/15/23 5:22 PM, ScottW wrote:
On Friday, September 15, 2023 at 11:01:38 AM UTC-7, mINE109 wrote:
On 9/15/23 11:23 AM, ScottW wrote:
Bottom line....the normalized average income is down almost 4000$Average? Considering we're coming out of a world-wide economic
under Biden. That's a really tough reality to tell people to
ignore.
disruption due to the pandemic that threatened depression and
economic collapse, some perspective is in order.
Stop the BS. That pandemic shit is over. Biden's bragging that allThe pandemic caused a statistical rise in wages because the low wage
the lost jobs restored and then some. And as you brag, unnormalized
wages are up. If this was pandemic caused they would be down too.
Your perspective is delusional.
earners were out of work.
The rise is compared to pre-pandemic. Also,
the average overlooks the number of jobs which are up over 2019 even
after the recent revisions.
https://www.cnn.com/2023/09/01/economy/jobs-report-august-final/index.html
On Saturday, September 16, 2023 at 7:58:36 AM UTC-7, mINE109 wrote:
On 9/15/23 5:22 PM, ScottW wrote:
On Friday, September 15, 2023 at 11:01:38 AM UTC-7, mINE109 wrote:The pandemic caused a statistical rise in wages because the low wage
On 9/15/23 11:23 AM, ScottW wrote:
Bottom line....the normalized average income is down almost 4000$Average? Considering we're coming out of a world-wide economic
under Biden. That's a really tough reality to tell people to
ignore.
disruption due to the pandemic that threatened depression and
economic collapse, some perspective is in order.
Stop the BS. That pandemic shit is over. Biden's bragging that all
the lost jobs restored and then some. And as you brag, unnormalized
wages are up. If this was pandemic caused they would be down too.
Your perspective is delusional.
earners were out of work.
Which begs the question....why are the unemployed removed from the wage calculation?
They should be in at zero or whatever unemployment is paying.
The rise is compared to pre-pandemic. Also,
the average overlooks the number of jobs which are up over 2019 even
after the recent revisions.
https://www.cnn.com/2023/09/01/economy/jobs-report-august-final/index.html
But real income remains down due to Bidenflation.
On 9/16/23 12:07 PM, ScottW wrote:
On Saturday, September 16, 2023 at 7:58:36 AM UTC-7, mINE109 wrote:
On 9/15/23 5:22 PM, ScottW wrote:
On Friday, September 15, 2023 at 11:01:38 AM UTC-7, mINE109 wrote: >>>> On 9/15/23 11:23 AM, ScottW wrote:The pandemic caused a statistical rise in wages because the low wage
Bottom line....the normalized average income is down almost 4000$ >>>>> under Biden. That's a really tough reality to tell people toAverage? Considering we're coming out of a world-wide economic
ignore.
disruption due to the pandemic that threatened depression and
economic collapse, some perspective is in order.
Stop the BS. That pandemic shit is over. Biden's bragging that all
the lost jobs restored and then some. And as you brag, unnormalized
wages are up. If this was pandemic caused they would be down too.
Your perspective is delusional.
earners were out of work.
Which begs the question....why are the unemployed removed from the wage calculation?They aren't earning wages.
They should be in at zero or whatever unemployment is paying.That would be a separate measure.
The rise is compared to pre-pandemic. Also,
the average overlooks the number of jobs which are up over 2019 even
after the recent revisions.
https://www.cnn.com/2023/09/01/economy/jobs-report-august-final/index.html
But real income remains down due to Bidenflation.Jobs are up, so more are getting real income.
What have you been eating, the grass in your backyard?."Backyard grass is isn't a grocery item. The government recorded the
prices so my diet isn't in question.
On Saturday, September 16, 2023 at 12:15:23 PM UTC-7, mINE109 wrote:
On 9/16/23 12:07 PM, ScottW wrote:
On Saturday, September 16, 2023 at 7:58:36 AM UTC-7, mINE109 wrote:They aren't earning wages.
On 9/15/23 5:22 PM, ScottW wrote:
On Friday, September 15, 2023 at 11:01:38 AM UTC-7, mINE109 wrote: >>>>>> On 9/15/23 11:23 AM, ScottW wrote:The pandemic caused a statistical rise in wages because the low wage
Bottom line....the normalized average income is down almost 4000$ >>>>>>> under Biden. That's a really tough reality to tell people toAverage? Considering we're coming out of a world-wide economic
ignore.
disruption due to the pandemic that threatened depression and
economic collapse, some perspective is in order.
Stop the BS. That pandemic shit is over. Biden's bragging that all
the lost jobs restored and then some. And as you brag, unnormalized
wages are up. If this was pandemic caused they would be down too.
Your perspective is delusional.
earners were out of work.
Which begs the question....why are the unemployed removed from the wage calculation?
Exactly...but they want to be. They're not dead. But they're zero income isn't counted.
Makes no sense.
All those recently laid off UAW workers are suddenly not worth counting in the wage stats?
Do they suddenly not exist? Don't you support those poor displaced workers or
are you for sweeping them under the rug?
They should be in at zero or whatever unemployment is paying.That would be a separate measure.
BS. I can make the wage stat look great. Unemploy everyone but Elon.
It will be the best economy ever according to Stephen...until he starves.
Jobs are up, so more are getting real income.The rise is compared to pre-pandemic. Also,But real income remains down due to Bidenflation.
the average overlooks the number of jobs which are up over 2019 even
after the recent revisions.
https://www.cnn.com/2023/09/01/economy/jobs-report-august-final/index.html >>>
Great.. real income would be up if they were counted when they weren't making money.
But you think the unemployed aren't worth counting.
I wonder....are you being counted?
Would UBI earners be counted?
On 9/16/23 10:14 PM, ScottW wrote:
On Saturday, September 16, 2023 at 12:15:23 PM UTC-7, mINE109 wrote:
On 9/16/23 12:07 PM, ScottW wrote:
On Saturday, September 16, 2023 at 7:58:36 AM UTC-7, mINE109 wrote: >>>> On 9/15/23 5:22 PM, ScottW wrote:They aren't earning wages.
On Friday, September 15, 2023 at 11:01:38 AM UTC-7, mINE109 wrote: >>>>>> On 9/15/23 11:23 AM, ScottW wrote:The pandemic caused a statistical rise in wages because the low wage >>>> earners were out of work.
Bottom line....the normalized average income is down almost 4000$ >>>>>>> under Biden. That's a really tough reality to tell people toAverage? Considering we're coming out of a world-wide economic
ignore.
disruption due to the pandemic that threatened depression and
economic collapse, some perspective is in order.
Stop the BS. That pandemic shit is over. Biden's bragging that all >>>>> the lost jobs restored and then some. And as you brag, unnormalized >>>>> wages are up. If this was pandemic caused they would be down too. >>>>> Your perspective is delusional.
Which begs the question....why are the unemployed removed from the wage calculation?
Exactly...but they want to be. They're not dead. But they're zero income isn't counted.Unless you're an economist. If you're measuring wages, you look at jobs.
Makes no sense.
All those recently laid off UAW workers are suddenly not worth counting in the wage stats?They'll count in the unemployment statistics.
Do they suddenly not exist? Don't you support those poor displaced workers or
are you for sweeping them under the rug?
They should be in at zero or whatever unemployment is paying.That would be a separate measure.
BS. I can make the wage stat look great. Unemploy everyone but Elon.Hence the use of the median, not the average.
It will be the best economy ever according to Stephen...until he starves.
Jobs are up, so more are getting real income.The rise is compared to pre-pandemic. Also,
the average overlooks the number of jobs which are up over 2019 even >>>> after the recent revisions.
https://www.cnn.com/2023/09/01/economy/jobs-report-august-final/index.html
But real income remains down due to Bidenflation.
Great.. real income would be up if they were counted when they weren't making money.Now who's not making sense?
But you think the unemployed aren't worth counting.You might return to the previously cited Census Bureau report, "Income
I wonder....are you being counted?
Would UBI earners be counted?
in the United States: 2022," and look at "Appendix A. Estimates of
Income" to see what counts.
On Sunday, September 17, 2023 at 1:34:18 PM UTC-4, mINE109 wrote:
You might return to the previously cited Census Bureau report, "Income
in the United States: 2022," and look at "Appendix A. Estimates of
Income" to see what counts.
Look at your paycheck stub
Look at your grocery bill
Look at your utility
Look at what it costs to fill your tank.
On 9/17/23 9:06 PM, Art Sackman wrote:
On Sunday, September 17, 2023 at 1:34:18 PM UTC-4, mINE109 wrote:
You might return to the previously cited Census Bureau report, "Income
in the United States: 2022," and look at "Appendix A. Estimates of
Income" to see what counts.
Look at your paycheck stubI've cited tht groceries are unchanged over the year. You might think
Look at your grocery bill
your bill is special but the aggregate of everyone's bills is how one
should make decisions for national policy.
Look at your utilityhttps://www.bls.gov/news.release/cpi.nr0.htm
Look at what it costs to fill your tank.
Gasoline down 3.3% year-to-year.
Look instead at this:
https://www.eia.gov/outlooks/steo/realprices/
Residential Electricity Prices looks steady.
Residential Natural Gas Prices down from a July 2022 peak.
Steve, I hate to burst your helium bubble, but Americans know better than that.
Food prices are waaaay up.
On Monday, September 18, 2023 at 10:06:26 AM UTC-4, mINE109 wrote:
On 9/17/23 9:06 PM, Art Sackman wrote:
I've cited tht groceries are unchanged over the year. You might thinkOn Sunday, September 17, 2023 at 1:34:18 PM UTC-4, mINE109 wrote:
You might return to the previously cited Census Bureau report, "Income >>>> in the United States: 2022," and look at "Appendix A. Estimates of
Income" to see what counts.
Look at your paycheck stub
Look at your grocery bill
your bill is special but the aggregate of everyone's bills is how one
should make decisions for national policy.
Look at your utilityhttps://www.bls.gov/news.release/cpi.nr0.htm
Look at what it costs to fill your tank.
Gasoline down 3.3% year-to-year.
Look instead at this:
https://www.eia.gov/outlooks/steo/realprices/
Residential Electricity Prices looks steady.
Residential Natural Gas Prices down from a July 2022 peak.
Steve, I hate to burst your helium bubble, but Americans know better than that.
Food prices are waaaay up.
A new YACA plops onto RAO.
Blanket claims are silly. Where I live, grocery prices vary widely.
Steve, I hate to burst your helium bubble, but Americans know better than that.
Food prices are waaaay up.
The unionized chains have grotesquely high prices for the most part,
but the smaller chains and indies are much more reasonable. And
believe it or not, Walmart, one of the cheapest, has expanded their merchandise and now carries some upscale stuff.
You have a history of having provided false,and or misleading
statistics in the past.
Hers is the TRUTH
"Food cost inflation is the increase in the average price of food
over time12345. According to the Consumer Price Index, a measure of economy-wide inflation, food prices have risen significantly in the
past few years1234. Groceries are 12.2 percent higher now than they
were last summer, the largest year-over-year spike in 43 years5. Some
of the food items that have experienced the highest inflation are
bread, cereal, butter, and margarine5."
"Food Inflation in the United States (1968-2023) The average price of
food in the United States increased 4.3% in the 12 months ended
August, after posting an annual increase of 4.9% in July, according
to the latest inflation data published Sept. 13, 2023, by the U.S.
Labor Department’s Bureau of Labor Statistics (BLS). As recently as
August 2022, the rate of inflation for food at 11.4% was the highest
since May 1979."
https://www.usinflationcalculator.com/inflation/food-inflation-in-the-united-states/
and from the now woke Forbes
"Trips to the grocery store will cost consumers more and more as food inflation continues to rise. There are many reasons for this,
including the war in Ukraine, shipping costs, and higher costs
associated with the production of food items, including wages. How
much have food prices risen in the past 12 months and how does this
compare to general inflation?
The Bureau of Labor Statistics reported food inflation has risen at a
faster rate than the broader Consumer Price Index over the previous
12 months. General inflation - as measured by CPI-U, which covers all
urban areas - rose 3.2% for the 12-month period ending in July, while
the cost of food rose 4.9% during the same period. "
and: https://www.bls.gov/opub/ted/2022/prices-for-food-at-home-up-13-5-percent-for-year-ended-august-2022.htm
On 9/17/23 9:06 PM, Art Sackman wrote:
On Sunday, September 17, 2023 at 1:34:18 PM UTC-4, mINE109 wrote:
You might return to the previously cited Census Bureau report, "Income
in the United States: 2022," and look at "Appendix A. Estimates of
Income" to see what counts.
Look at your paycheck stubI've cited tht groceries are unchanged over the year. You might think
Look at your grocery bill
your bill is special but the aggregate of everyone's bills is how one
should make decisions for national policy.
Look at your utilityhttps://www.bls.gov/news.release/cpi.nr0.htm
Look at what it costs to fill your tank.
Gasoline down 3.3% year-to-year.
Look instead at this:
https://www.eia.gov/outlooks/steo/realprices/
Residential Electricity Prices looks steady.
Residential Natural Gas Prices down from a July 2022 peak.
"Grocery prices rose 3 percent over the past year, led by cereals and
bakery products, both up 6 percent. Prices for meat, poultry, fish, and
eggs were unchanged."
mINE109 wrote:
Am I the only one who buys what's on sale each week?
"Grocery prices rose 3 percent over the past year, led by cereals and
bakery products, both up 6 percent. Prices for meat, poultry, fish, and
eggs were unchanged."
Are MAGA-turds controlled by dicta that direct them to
purchase ONLY what their fuehrer commands?
Are MAGA-turds controlled by dicta that direct them toThey can't deal with the higher prices that remain after inflation
purchase ONLY what their fuehrer commands?
levels out. That, and the command that Biden be bashed at all times.
On 9/19/23 6:28 PM, Art Sackman wrote:
You have a history of having provided false,and or misleadingNo, you make that claim and ignore that I back up with cites.
statistics in the past.
I don't even think you are convincing yourself,
On Tuesday, September 19, 2023 at 8:12:11 PM UTC-4, mINE109 wrote:
On 9/19/23 6:28 PM, Art Sackman wrote:
You have a history of having provided false,and or misleadingNo, you make that claim and ignore that I back up with cites.
statistics in the past.
I refuted your cites with my cites.
Here us anther big one
https://www.usinflationcalculator.com/inflation/food-inflation-in-the-united-states/
Look at row 2022, under Biden
Evertbody is talking inflation. Cuz they see it. It's real.
You can't hide it no matter how hard you try.
You are convincing nobody.
I don't even think you are convincing yourself,
Inflation is improving and is currently nearing the level we lived with
for the last three decades.
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