Go Dementia Joe. And the progs will tell us that this is great news.

-------------------------
I :heart; Q

Runaway out of control inflation...the hallmark of prog 'recovery'.

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

All issues stemmed from Trump's lack of action at the beginning of covid.

No they don't.

Liar!

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

FK, rremind me, who is the president? Of course, throughout the Trump presidency the progs were claiming Obama was responsible for the great times we were experiencing. So maybe the progs will be blaming Obama for this raging inflation.

-------------------------
I :heart; Q

That POS commie Biden who is owned by China!

Biden is 100% responsible for every percentage in this inflation.

HE OWNS IT!

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Edited: 10/14/2021 at 07:48 PM by Fish Killer

Yup, but one cannot expect dotards to understand such nuance. Just look at the responses - complete drivel.


-------------------------
QOP = Terrorists
FK = Gay

Edited: 10/15/2021 at 04:36 PM by wtf

Yup, they do. Trump's fault. He also raised the deficit by 60%.

Foolish, useless taxes chumpf called "tariffs". Zero investment in port and road or rail transport infrastructure.
Thousands of dead or disabled sailors, freight handlers, and drivers. Who had been shit on in favor of the chumpf supporting trucking and shipping industries.
Continuous erosion of the wages and working conditions for harbor and transport workers.
Biden has enacted measures to begin to undo the 4 year idiocracy, but it will not happen overnight.
Pent up demand, antiquated shipping and transport infrastructure....demoralized workers......
But: block bidens infrastructure reforms!

-------------------------
It's a democratic hoax

That being said: between the useless teamsters and the greedy trucking companies paying OTR drivers starvation wages, there's a lot of room for improvement. Same thing with longshoremen, stevedore, and seafarers blocking progress.
I had a longshoremen card in the islands....fucking useless.
Dissolve the fucking teamsters might help....fat, greedy, lazy obstructionist.
Bad for business

-------------------------
It's a democratic hoax

Nope 100% Trump's fault. This will all get sorted out quickly, just like every Democrat President had done in the past.

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

"The NEWS says the California port situation is caused by a driver shortage.
Not so fast: It is in part caused by a California Truck Ban which says all trucks must be 2011 or newer and a law called AB 5 which prohibits Owner Operators.
Traditionally the ports have been served by Owner Operators (non union). California has now banned Owner Operators.
Long term, truckers in California are not investing in new trucks because California has a law that makes them illegal in 2035. The requirement is to purchase electric trucks which do not exist.
And in the words of Paul Harvey, "Now you know the rest of the story"
BUSINESS
CARB to begin blocking certain trucks' DMV registrations in 2020
Carriers domiciled in California with trucks older than 2011 model, or using engines manufactured before 2010, will need to meet the Board's new Truck and Bus Regulation beginning in 2020 or their vehicles will be blocked from registration with the state's DMV, the state has said.
The new "health-based requirements" will need to be met before a driver is allowed to register his or her truck through the Department of Motor Vehicles, CARB says. A new enforcement tool used by the DMV beginning in 2020 will automatically block 2010 and older trucks from registration."


-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Eh boy. It is one thing when Ca. is screwing its own citizens - a lot of them deserve it, after all. But it is quite another thing when their idiotic policies are screwing everyone else. Can we boot them from the union?

-------------------------
I :heart; Q

I know none of you trunt dipshits will be able to comprehend this piece so I post it for those with some understanding of global economics.

5.4% is less than 8.6% a number that came from obvious trunt sources:



Higher US inflation unlikely to persist
UBS House View - Daily US
Mark Haefele, Chief Investment Officer Global Wealth Management, UBS AG
Paul Donovan, Chief Economist, UBS GWM, UBS AG London Branch
Christopher Swann, Strategist, UBS Switzerland AG
Vincent Heaney, Strategist, UBS AG London Branch
Linda Mazziotta, CFA, Strategist, UBS Switzerland AG




Thought of the day
US inflation picked up again in September, with the headline rate back to
the highest level in 13 years at 5.4% over the year. Even the core rate of
inflation, which excludes volatile food and energy prices, came in at 4% yearon-year, well above the Federal Reserve's 2% target. There were also signs
that inflation broadened beyond a narrow range of goods impacted by the
pandemic. More than 70% of the categories in CPI were up year-over-year
versus only 7% showing a decrease, and more than half were up month-overmonth. The Cleveland Fed trimmed mean CPI indicates that after stripping
out the items with extremely large price changes, prices still rose 0.5% over
the month.
But while inflation has been broader and lasting longer than previously
expected, this is still a long way from being persistent inflation.
1. The average month-on-month inflation data still shows a
declining trend. The average month-on-month rate of inflation in
the second quarter rounded to 0.8% for both the headline and core
measures. This slowed in the third quarter to a headline rate of 0.4%
and 0.2% for the core. This continues to support the idea that inflation
peaked in the second quarter and should continue to normalize as the
global economy adjusts to reopening.
2. Goods and services impacted by surging demand due to the
pandemic have started to normalize, with price increases slowing
or reversing. Prices of used vehicles fell 0.7% over the month,
following a 1.5% decline for August - though year-on-year prices were
still up 24.4%. Apparel costs declined 1.1%, ending five months of
consecutive increases. Our takeaway is that in areas where extraordinary
surges in demand are fading, so is the spike in prices.
3. Policymakers show no signs of overreacting. The minutes of the
Fed's meeting of 21-22 September - admittedly before the release of
the latest CPI data - continued to underline the central bank's view that
the economy will adjust to short-term supply constraints. Staff at the Fed
"continued to expect that this year's rise in inflation would prove to be
transitory." Over 2022, "the boost to consumer prices caused by supply
issues was expected to partly reverse and import prices were expected
to decelerate sharply," the minutes read. that while the Fed's plans to start slowing bond purchases next month
were on track, this was not meant to signal anything about the possible
timing of rate hikes - which remain some way off.
So, we do not expect a persistent rise in inflation that would force the
Federal Reserve to tighten policy significantly more aggressively than currently
planned. We advise investors to seek winners from global growth. With
Fed policy remaining accommodative, we believe investors should seek
unconventional sources of yield, including from private credit.

-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

This is confirm by all reliable sources, not poisoned by the trunt lies.

-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

Yeah...no!

Biden is 1000% responsible for the shit show going on right now!

Every avenue proves it currently along with a bunch of your own twisted leftist media.

Just look at Biden's current approval rating.

Even that is in the toilet.

Fool!

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Yes, the President is taking action...



For sure, you'll disagree by going full Dotard and going off on China, Libtards or anything other than reality.

You just dont get it.

Biden isn't going to do...OR ACTUALLY IS DOING.... SHIT!

"The NEWS says the California port situation is caused by a driver shortage. Not so fast: It is in part caused by a California Truck Ban which says all trucks must be 2011 or newer and a law called AB 5 which prohibits Owner Operators. Traditionally the ports have been served by Owner Operators (non union). California has now banned Owner Operators. Long term, truckers in California are not investing in new trucks because California has a law that makes them illegal in 2035. The requirement is to purchase electric trucks which do not exist. And in the words of Paul Harvey, "Now you know the rest of the story" BUSINESS CARB to begin blocking certain trucks' DMV registrations in 2020 Carriers domiciled in California with trucks older than 2011 model, or using engines manufactured before 2010, will need to meet the Board's new Truck and Bus Regulation beginning in 2020 or their vehicles will be blocked from registration with the state's DMV, the state has said. The new "health-based requirements" will need to be met before a driver is allowed to register his or her truck through the Department of Motor Vehicles, CARB says. A new enforcement tool used by the DMV beginning in 2020 will automatically block 2010 and older trucks from registration."

California is going full demoshit on the entire country!

Biden can't actually do SHIT!

DeSantis did actually do something though...

He invited the cargo traffic be re-routed to Florida ports....

What a good novel concept.

DeSantis is doing more to help our crisis than Biden will EVER DO!

FOOL!

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Edited: 10/14/2021 at 07:55 PM by Fish Killer

California ports don't work weekends or more than 12 hours a day.

Biden's action is going to change that.

Now, as for Desantis' bullshit bloviating: he is talking out of his ass. And it is obvious that neither he nor you understand how ocean transportation and steamship lines operate.

You think American President Lines, Mitsui OSK, Yang-Ming or COSCO is going to re-route their containerships thru the expensive Panama Canal to make unscheduled port calls in FLA where many have zero infrastructure or administrative support because some political hack says so? Let's extrapolate this. A ship diverts from Long Beach, CA - where most of the cargo is destined - thru the Panama Canal to Miami. The containers are offloaded. Then what? Railed or trucked back to Southern California? What happens to the containership that costs $10,000 per day to operate when it's waiting to go back & forth thru the Panama Canal? It has to pick up cargo from Long Beach and then go back to East Asia to repeat the process. This is a beyond stupid idea that shows neither of you have a clue how things really work.

You are fool if you even consider this a possibility for more than a second.

Shut up, you dumb fuck.

Yeah...you got nothing.

It shows you stupid fuck.

Maybe you could tell us all why you lied.



-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Edited: 10/14/2021 at 08:27 PM by Fish Killer

"The White House efforts announced Wednesday are expected to account for just 3,500 additional containers per week being moved at night - a tiny fraction of the 120,000 containers already moving each week.

Meanwhile, there are 62 container ships waiting to unload some 500,000 containers at Los Angeles/Long Beach - and another 25 are scheduled to arrive in the next three days."

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

"There are signs supply chain disruptions are peaking... Given the unprecedented surge in goods consumption, supply chains are stretched. With little slack in the system, any disruption has an outsize impact on goods availability. Recent COVID-19 waves in Vietnam and Malaysia, for example, have disrupted apparel and semiconductor manufacturing. Some petrochemical plants on the US Gulf Coast have not fully recovered from severe summer weather. Logistics networks have found it difficult to handle the sheer volume of goods, resulting in long delays at the ports. But recent production outages are improving - the COVID-19 wave in Southeast Asia is easing and petrochemical plants should continue to recover. Now that we have moved past the peak import season (August and September), the bottlenecks at US ports have stopped worsening."

UBS



-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

The Labor Department said the number of Americans applying for unemployment benefits last week fell to its lowest level since the COVID-19 pandemic began. It's a positive sign for a job market that is trying to recover from the initial hit from the pandemic 18 months ago. A surge of cases over the summer stunted the recovery.

-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

Shit's backed up all over the world. Take a deep breath, only buy what you need, and sit tight.

Shop early for Christmas, and my advice would be to tone it down this year and just celebrate the health of your family and not conspicuous consumption.

-------------------------
“It is the heart of US policy to use fascism to preserve capitalism while claiming to be saving democracy from communism “ - Michael Parenti

"Three years into Donald Trump's administration, just prior to the onset of the pandemic, the national debt stood at $23.2 trillion, equivalent to 106.9 percent of GDP. Because of the stronger economic growth America was then realizing, debt as a percentage of GDP was increasing at just 0.5 percent per year.

During 2020, federal debt rose $4.5 trillion. The bulk of this deficit came from the significant federal assistance provided to support the economy during the pandemic-related recession, the deepest economic shock to our country in nearly a century. Would Biden have spent less?"

-------------------------
If it’s legal will do it, if it’s not legal, we’ll figure out how to change the law-Joe Biden

Edited: 10/15/2021 at 05:27 AM by Lunchmeat

"Despite concerns about supply chains, wages, and
input costs, we expect a good earnings season.
Earnings will likely beat expectations, but by a
smaller amount relative to recent quarters.
. We maintain our 2021 and 2022 S&P 500 EPS
estimates of USD 207 (45% growth) and 227 (10%
growth). Third-quarter earnings growth should be
around 30%.
. Investors seem braced for bad news. If results come
in as we expect, stocks could experience a bit of a
"relief" rally. We maintain our June and December
2022 price targets of 4,800 and 5,000, respectively.
. Cyclical and value stocks have outperformed in
recent weeks. We think there is more to go as the
delta wave subsides and economic activity continues
to normalize."

DL UBS

-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

WASHINGTON, Oct 15 (Reuters) - U.S. retail sales unexpectedly increased in September, but there are fears that supply constraints could disrupt the holiday shopping season amid continued shortages of motor vehicles and other goods.

Retail sales rose 0.7% last month, the Commerce Department said on Friday. Data for August was revised higher to show retail sales increasing 0.9% instead of 0.7% as previously reported. Sales last month were partly lifted by higher prices.

Economists polled by Reuters had forecast retail sales slipping 0.2%.

An ongoing global shortage of microchips is forcing automakers to cut production, leading to a scarcity of inventory at showrooms, which is boosting prices and limiting choice for buyers. Other goods are also in short supply amid congestion at ports because of a dearth of workers.

President Joe Biden on Wednesday announced that the Port of Los Angeles would join the Port of Long Beach, two of the country's busiest, in expanding round-the-clock operations to unload an estimated 500,000 containers waiting on cargo ships offshore.

Spending shifted to goods from services over the course of the COVID-19 pandemic, straining supply chains. The rotation back to services like travel and dining out has been slowed by a resurgence in coronavirus infections over summer, driven by the Delta variant.

Retail sales are mostly goods, with services, including healthcare, education, travel and hotel accommodation making up the remaining portion of consumer spending. Restaurants and bars are the only services category in the retail sales report.

"While visits to restaurants and retail locations have yet to break out of their late summer plateau, high-frequency card transaction data suggests spending remains solid," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina.

Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.8% last month after an upwardly revised 2.6% increase in August. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have surged 2.5% in August.

Economists believe consumer spending, which accounts for more than two-thirds of U.S. economic activity, almost stalled in the third-quarter after a robust 12.0% annualized growth pace in the April-June quarter. Consumer spending growth estimates for the third quarter are around a 2.0% rate.

Sluggish consumer spending also suggests that GDP growth braked sharply in the July-September quarter from the second-quarter's 6.7% pace. The Atlanta Federal Reserve forecasts the economy grew at a 1.3% rate last quarter.

The government will publish its snapshot of third-quarter GDP growth at the end of the month. Some of the anticipated slowdown in growth reflects the fading stimulus from trillions of dollars in pandemic relief from the government.

With hefty savings and a tightening labor market boosting wages, the foundation for the economy and consumer spending is solid. The saving rate increased at a 10.5% rate in the second quarter. There were 10.4 million job openings at the end of August.

"Of course, strong job gains and an elevated savings rate should provide consumers with an arsenal of available funds for spending after what appears to be a pause in the third quarter as the Delta variant spread and fiscal economic impact payments faded," said Kevin Cummins, chief U.S. economist at Natwest Markets in Stamford, Connecticut. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)

-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

According to the Right, the world is falling apart. What happens if it isn't? What happens when it all goes back to normal; Afghanistan is out of the news, prices return to normal, we begin to work with our allies again, corona comes under control.

And all of it happens under Democratic leadership.

-------------------------
I was right.

I understand exactly how it works. You obviously don't have the foggiest. Florida already is getting more ships. Tampa's container volume is up 40% over the last year, for example. In any event, inflation is raging and it is Dementia Joe's fault.

-------------------------
I :heart; Q

In any event, inflation is raging and it is Dementia Joe's fault.


It's not, every clown knows that, but you better hope it stays that way till 2022 and beyond or, "Biden saves the economy!" will be the new Republican platform. lol

-------------------------
I was right.

Gas at $5 a gallon in your utopian state!

-------------------------
Romans 8;18-32 John 3;16-18

Remember when Trump tanked the economy and Biden saved it? Yup.

"I understand exactly how it works." -d.j.chumpf
insert clever riposte here
Piggy knows about as much about shipping and logistics as he does about livestock and real estate.
Cleanup on aisle 6



-------------------------
It's a democratic hoax

Lazy crane operators making $250,000 a year exacerbating port crisis, truckers say

Hey look! A chumpfscum with the slightest inkling of a semblance of a clue!
Teamsters are useless, as are the stevedore and longshoremen unions.
After 9/11, in lauderdale and miami, they would stack containers to block homeland security inspectors, so as to prevent them learning about ripoffs and contraband. I still have my seafarers/longshoremen card from Hawaii.
Biden is about to sweep this shit aside in a national priority proclamation..
Chumpf did nothing for 4 years, most of these vermin are his supporters.
Cries that Biden is "union busting!" from the rechumpflicans in 3,2,1.....

-------------------------
It's a democratic hoax

We know that Dementia Joe ain't going to take on the unions.

-------------------------
I :heart; Q

And of course, as always, pigsley knows best.
"I understand exactly how it works"
That's yet another big fat nyetski for the failed tourist ostrich rancher.
Biden will sweep this aside and solve the problem.
That little Lord loofah ignored for 4 yrs.

-------------------------
It's a democratic hoax

... And it has zero impact on West Coast ports.

Florida ports compete against each other: there is no "Florida Ports Authority". Therefore, TPA sees that there aren't any cruise ships on the horizon, so they lower freight rates on boxes and salvage some revenue.

A big glaring number is 57,000.

That's the number of twenty foot containers (TEUs) moved in the Port of Tampa last year.

Port of Miami 1 million TEUs.

Port of Long Beach (CA) 8 million TEUs.

Big fucking whoop that TPA is up 40%.

That's a grain of sand on the big beach of ocean transportation.

Looking like the foggiest fog has lifted.

Good stuff mate. Darn those pesky ol' facts, huh chumpfsheep
Curious the capacity of jax or savannah.
The price to bring all this crap to the east coast rather than deal with removing impediments and shake shit up on the west coast....
auntie em, auntie em: the sky is falling!
Or: the chumpfdirt media and their hysterical sheep could calm down as measures to solve the problems take effect and changes take place quickly
Yes Virginia: there will be a christmas



-------------------------
It's a democratic hoax