Being able to hire people off the books—yourself, family, unreported, automation—will be a competitive advantage in the coming years. When labor costs were low, most focused on the latter.
I like how Twitter's response to any comment they don't like is doxxing. "Give us your phone #!"
UofMich Consumer survey: The proportion of households who expected to be worse off financially stood at 24% in November, the last time a higher figure was recorded was in June 2008.
An industrial policy focused on pushing up labor demand would focus on cheap energy and converting it into higher value goods. Onshore more of the supply chain by making the energy/input costs lower in the US.
How can the dollar rise when inflation is rising?
Exhibit A: "While White House aides have reportedly been lobbying to release the nation's Strategic Petroleum reserve - or even halting oil exports, several Energy Department officials have pushed back."
The inflation-deflation debate is like Shrodinger's Cat. The best on both sides agree on most points. Where they disagree is the poison dosage being fed to the cat. Both agree the govt/CBers should not be poisoning cats, and that the cat dies in the end.
The whole inflation-deflation debate boils down to interest rates. If long-term rates sustain a breakout, inflation goes higher. If rates make a new low, still disinflation/deflation.
https://tpow.app/dda46c4a
If confidence in USG and Federal Reserve/central banks decline, then prices will accelerate higher. A sense of chaos will grip the nation. If instead the Fed keeps tightening and the Congress balks on spending, deflation is around the corner. Also chaos.
If you believe high inflation will continue, have you thought to borrow 150% of your home's equity? Why not? If you/others won't or can't do that, then recheck your assumptions. Somebody needs to create money to fund price increases. USG is slowing credit.
2021 hyperinflation
2022 hyperdeflation
If I was in your situation with family sick, I'd ask myself: do I have the same risk factors? Was it more likely genetic (ACE2 receptors?) or was the sick relative overweight, etc. If latter, I wouldn't get the shot. If former, I'd think about it.
Have you read "The Age Of Disruption" by Bernard Stiegler? Any thoughts?
Cloth masks don't work on wildfire smoke because the harmful particles are small enough to pass through. The virus is 25x smaller than wildfire smoke particles and aerosolized.
Oh and don't use N95 guys, you know, the masks that work.
Labor costs will kill fast food.
"Mike was adamant that people know what happened to him that caused his early and unexpected death."
https://tpow.app/e8d0a449
Xi in China consolidated power, then he tightened screws on big business, real estate and the credit bubble. In the U.S. it will be opposite, the crisis will be used as an excuse for reform that results in a power transition.
You don't need the Deep State to wake up, you only need part of the Deep State to have different goals or internal tension, and for a credible threat to current ruling class to emerge. Trump was uniformly opposed because he wasn't a credible threat.
