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Generally things are pretty bad yeah. - housing issues are reaching levels we’ve never seen. Not just buying, but renting is becoming exceedingly difficult for

Generally things are pretty bad yeah. - housing issues are reaching levels we’ve never seen. Not just buying, but renting is becoming exceedingly difficult for some. The fed raising interest rates so far has done nothing to level home prices. - supply chains are crumbling. It’s nearly impossible to find a new vehicle. Used vehicles are selling for more than new ones. It’s yet another bubble that will burst miraculously. - gas prices are still through the roof. It’s not uncommon to see $6/gal on the west coast (in any of the three states). - the baby formula shortage is actually much worse than people realize. It went from hard to find to literally no one has any over the course of 7 days. - stocks and crypto are tanking. Yes, some stocks aren’t seeing it as bad as others, but it’s not insignificant. - food prices are increasing, and it’s very noticeable walking around a grocery store. Meat is $1-3/lb higher than it was 6 months ago. Certain produce is either not available or marked up 1.5-2x what it should be. Now, a lot of these are going to get much much worse. The government seems content with really doing nothing other than seeding billions to countries not named the United States. I think it’s fair for financial analysts and investors to be in full on bear mode.

rkk3 4y ago
> The fed raising interest rates so far has done nothing to level home prices. They've barely raised rates! 0-1% federal funds rate is not a normal range, especially when inflation is ~10%
PuppyTailWags 4y ago
> The government seems content with really doing nothing other than seeding billions to countries not named the United States. I think this isn't quite accurate for a variety of reasons, much of it is that the federal government actually has significantly limited control of the above + what control it does have it has to pass through a hostile senate to accomplish. - The federal government cannot force local government to build housing to increase supply, it can only try to incentivize, and housing can't be built fast enough to offset current demand - The federal government cannot factories, particularly overseas ones, to produce more - The federal government can, at most, go through a faster approval process for foreign baby formula; it cannot force current domestic makers to produce formula - The federal government literally doesn't control crypto that's what the attraction of crypto was lol; its bombing is entirely crypto's fault; and the stocks have been pushing back against government regulation for ages already - The gov't cannot set food prices So precisely what do you expect the government to be doing here?
- spicyramen_ 4y ago
  So basically you are saying that federal government is useless in a crisis. That's inaccurate, there are mandates that can be overwritten, constitution is very clear about it.
  - cmrdporcupine 4y ago
    Yes, the parent poster is being disingenous IMHO. Federal gov'ts could do all these things, and did, before the advent of the current neo-liberal governance in the 80s and 90s. The choice not to be able to do so, to strip governments of planning and industrial policies, was a conscious policy choice made by several consecutive administrations and governments across the whole G20 (at least). Even more so federal governments especially did these things during war times. And we're basically in a proxy war with Russia (and IMHO, for the first time in my memory this might actually be a conflict with an actual morally justifiable cause), yet governments in the west have not put themselves on a footing yet to really weather such a war. We should have put ourselves on that footing during COVID. Or hell, to deal with the climate crisis. And now here we are with this latest situation in Ukraine... eeeeeeeee
- csdreamer7 4y ago
  This is so wrong. > The federal government cannot factories, particularly overseas ones, to produce more I am assuming you mean 'force'. Trump literally used the defense production act to keep hamburger patties flowing when workers were complaining about COVID. https://thehill.com/homenews/administration/495175-trump-uses-defense-production-act-to-order-meat-processing-plants-to/ https://thehill.com/homenews/administration/495175-trump-use... While keeping hamburgers coming was the purpose of this EO. This act allows the president to force producers to change production to benefit the defense needs of the united states. To produce 'more' of something through retooling or other means. https://en.wikipedia.org/wiki/Defense_Production_Act_of_1950 https://en.wikipedia.org/wiki/Defense_Production_Act_of_1950 > - The gov't cannot set food prices Please see a history of price controls. The article literally has a poster prohibiting charging more than govt set prices. Not saying price controls are a good idea, but do not claim something easily disproven with a google search. I learned about this in middle school. https://en.wikipedia.org/wiki/Price_controls https://en.wikipedia.org/wiki/Price_controls
mdp2021 4y ago
> It’s not uncommon to see $6/gal You'd be "relieved" to know that some places in Europe saw 8$/gal in the past weeks.
- whiplash451 4y ago
  Historically, gas prices have always been much higher in Europe than in the US. I was used to a 3x difference over the past decades. $6/gal in the US is brutal.

rkk3 4y ago

> The fed raising interest rates so far has done nothing to level home prices. They've barely raised rates! 0-1% federal funds rate is not a normal range, especially when inflation is ~10%

PuppyTailWags 4y ago

> The government seems content with really doing nothing other than seeding billions to countries not named the United States. I think this isn't quite accurate for a variety of reasons, much of it is that the federal government actually has significantly limited control of the above + what control it does have it has to pass through a hostile senate to accomplish. - The federal government cannot force local government to build housing to increase supply, it can only try to incentivize, and housing can't be built fast enough to offset current demand - The federal government cannot factories, particularly overseas ones, to produce more - The federal government can, at most, go through a faster approval process for foreign baby formula; it cannot force current domestic makers to produce formula - The federal government literally doesn't control crypto that's what the attraction of crypto was lol; its bombing is entirely crypto's fault; and the stocks have been pushing back against government regulation for ages already - The gov't cannot set food prices So precisely what do you expect the government to be doing here?

spicyramen_ 4y ago
So basically you are saying that federal government is useless in a crisis. That's inaccurate, there are mandates that can be overwritten, constitution is very clear about it.
- cmrdporcupine 4y ago
  Yes, the parent poster is being disingenous IMHO. Federal gov'ts could do all these things, and did, before the advent of the current neo-liberal governance in the 80s and 90s. The choice not to be able to do so, to strip governments of planning and industrial policies, was a conscious policy choice made by several consecutive administrations and governments across the whole G20 (at least). Even more so federal governments especially did these things during war times. And we're basically in a proxy war with Russia (and IMHO, for the first time in my memory this might actually be a conflict with an actual morally justifiable cause), yet governments in the west have not put themselves on a footing yet to really weather such a war. We should have put ourselves on that footing during COVID. Or hell, to deal with the climate crisis. And now here we are with this latest situation in Ukraine... eeeeeeeee
csdreamer7 4y ago
This is so wrong. > The federal government cannot factories, particularly overseas ones, to produce more I am assuming you mean 'force'. Trump literally used the defense production act to keep hamburger patties flowing when workers were complaining about COVID. https://thehill.com/homenews/administration/495175-trump-uses-defense-production-act-to-order-meat-processing-plants-to/ https://thehill.com/homenews/administration/495175-trump-use... While keeping hamburgers coming was the purpose of this EO. This act allows the president to force producers to change production to benefit the defense needs of the united states. To produce 'more' of something through retooling or other means. https://en.wikipedia.org/wiki/Defense_Production_Act_of_1950 https://en.wikipedia.org/wiki/Defense_Production_Act_of_1950 > - The gov't cannot set food prices Please see a history of price controls. The article literally has a poster prohibiting charging more than govt set prices. Not saying price controls are a good idea, but do not claim something easily disproven with a google search. I learned about this in middle school. https://en.wikipedia.org/wiki/Price_controls https://en.wikipedia.org/wiki/Price_controls

mdp2021 4y ago

> It’s not uncommon to see $6/gal You'd be "relieved" to know that some places in Europe saw 8$/gal in the past weeks.

whiplash451 4y ago
Historically, gas prices have always been much higher in Europe than in the US. I was used to a 3x difference over the past decades. $6/gal in the US is brutal.