Bloomberg: "Economists Mystified" GCMB: Raises Hand

Discussion in 'Politics' started by AlexDaGator, Aug 13, 2019.

  1. AlexDaGator

    AlexDaGator The Hammer of Thor
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    Bloomberg tweets that Economists are baffled that some things like food, clothing, cars, and electronics are getting cheaper while other things like health care, child care, and education are getting more expensive.

    Gee, I dunno, anybody got any idea what might be happening here? Maybe we can give these highly educated Economists a hand. Economic geniuses Bernie, Liz Warren, and AOC will blame global warming, Russians, Orange Man Bad, and/or high capacity magazines. Anybody have any other theories about what may be causing this baffling phenomenon? Anybody? Bueller?






    Alex.
     
    • Detroitgator

      Detroitgator General Factotum
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      :lol:
       
      • g8tr72

        g8tr72 Well-Known Member
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        I attribute it to OxBucks.
         
        • AlexDaGator

          AlexDaGator The Hammer of Thor
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          There's probably a Nobel Prize waiting for whoever can unravel this Gordian Knot.

          We may never know why those items keep getting pricier and pricier but if I learned anything from watching Democratic debates it is that the solution is to tax millionaires and billionaires and corporations and give everybody (and illegals) subsidies so they can afford those things. You know, the same thing we've been doing for decades. We just need more of it. Right? I mean...can you just imagine how much more expensive these things would have gotten without government regulation and subsidies? Right?!?

          [​IMG]


          Alex.
           
          #4 AlexDaGator, Aug 13, 2019
          Last edited: Aug 13, 2019
          • Concrete Helmet

            Concrete Helmet Hook, Line, and Sinker
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            My theory is that most "Economist" haven't been around long enough to remember how America is supposed to work...I
             
            • AugustaGator

              AugustaGator Junior Member
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              Technology has not been able to be exploited.
               
              • Swamp Donkey

                Swamp Donkey Come get Papa Bear!!!!
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                Wow, economists cant figure out why stuff the govt buys causes the price to go through the roof? Weird.

                What exactly are they teaching in economics courses these days? Having seen the thinking skills of AOC and LSoyBoy, Im not impressed even a little.

                Just need some mo good govt regulation and tax dollars to fix food and clothing too.
                 
                • Spurdog98

                  Spurdog98 Well-Known Member

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                  Don't we have an economics expert here that usually weighs in on these things? Is he currently on a milk carton somewhere?
                   
                  • itsgr82bag8r

                    itsgr82bag8r Political Forum Fire Starter
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                    Yeah, but what about the effect on GDP percentages?
                     
                    • AlexDaGator

                      AlexDaGator The Hammer of Thor
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                      How they built the pyramids, what happened to Amelia Earhart, Bigfoot, who was Jack the Ripper, where is Atlantis...and now this.

                      [​IMG]


                      Alex.
                       
                      • Swamp Donkey

                        Swamp Donkey Come get Papa Bear!!!!
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                        Cant wait for a googled link to tell me that good old govt is actually the savior of healthcare and education.

                        :waiting:
                         
                        • AlexDaGator

                          AlexDaGator The Hammer of Thor
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                          Actual photo of a baffled economist trying to explain how the discrepancy is caused by transphobia:

                          [​IMG]



                          Alex.
                           
                          • Spurdog98

                            Spurdog98 Well-Known Member

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                            Anything that runs interference to the narrative is a mystery.
                             
                            • AlexDaGator

                              AlexDaGator The Hammer of Thor
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                              [​IMG]

                              Alex.
                               
                              • Detroitgator

                                Detroitgator General Factotum
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                                That is in fact Krugman circa 1982.
                                 
                                • Ancient Reptile

                                  Ancient Reptile Senior Member
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                                  Perhaps I shouldn't introduce a serious comment into a hilarious thread, but I know how to lower the cost of (undergraduate) higher education while preserving quality.
                                  1) Create a college (university) that does no research.
                                  2) It selects and promotes faculty based solely on their teaching ability.
                                  3) To be part of this institution the faculty must relinquish traditional perquisites and submit to intensive research into their teaching including classroom visits, intensive analytics on their results, etc.
                                  4) The teaching load would be greatly increased (doubling would be easy).
                                  5) Extensive and intensive use of computers and analytics.
                                  6) Frequent sabbaticals and ample budgets for conferences and workshops to keep faculty current.
                                  7) Salaries fully competitive with other institutions.
                                   
                                  • NOLAGATOR

                                    NOLAGATOR Deep Behind Enemy Lines

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                                    LBoy says my AG Econ from UF is not worthy...I could never understand.

                                    One reason FOOD and ENERGY is going down is because we are NOW opening new processing plants and fracking is going full tilt under Trump. Since taxes have gone down, regulation has gone down, food and energy prices have dropped...GUESS WHAT...Americans have more cash.

                                    BUT where regulation has gone up and the Government has taken over...Like School Loans and Health Care...The reverse has happened.

                                    You want Health Care to go down?...run it like car insurance. You want College to go down?...Stop sending your kids.
                                     
                                    • AlexDaGator

                                      AlexDaGator The Hammer of Thor
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                                      Baffled economist's response:

                                      [​IMG]



                                      Alex.
                                       
                                      • NOLAGATOR

                                        NOLAGATOR Deep Behind Enemy Lines

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                                        In the Medical Fields (Nursing & Allied Health)...Go back to in-hospital training.

                                        More on-line Certifications…Less bricks and mortar.

                                        Actual colleges for Labs.

                                        OJT and Required Internships for Engineering, Science, Aplication Work.
                                         
                                        • NOLAGATOR

                                          NOLAGATOR Deep Behind Enemy Lines

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                                          Plant Openings & Expansions: July 2019 | 2019-07-15 | Food Engineering
                                          Plant Openings & Expansions: July 2019
                                          Stellar will construct a new production facility for fairlife milk that receives extra filtration. The 300,000-sq.-ft. production and distribution facility will be in Goodyear, Ariz.

                                          ARYZTA opened a new bakery in Chaska, Minn., to expand production of its Otis Spunkmeyer cookie line, increasing throughput by more than 40%.

                                          Mountaire opened a $170 million poultry processing plant in Siler City, N.C. The facility, formerly a Townsend processing plant, will employ up to 1,250 people.

                                          McCain Foods plans to invest $300 million to expand its Othello, Wash., potato processing facility, adding 170,000 sq. ft.

                                          The Hershey Co. will invest $104 million to expand its Stuarts Draft, Va., Reese’s Peanut Butter Cups facility, adding 110,000 sq. ft.

                                          Aurora Organic Dairy opened a 127,000-sq.-ft. milk processing and warehouse facility in Columbia, Mo.

                                          Coca-Cola Bottling Co. Consolidated will expand its West Memphis, Ark., production facility, investing $33 million and adding 200,000 sq. ft.
                                           

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