Euclid There has been some friction between the Administration and the Fed, with the Administration demanding that the Fed lower interest rates, which would improve the economy. At the same time, the Administration claims a roaring economy.......so here is the problem: If the Fed lowers the rate to speed up a slow economy, it sends a signal that the economy needs a boost because it is too slow......it also sends the signal the economy is not roaring.
I'm getting dizzy from all the spin that spews out of the white house. The only way to tell if the current administartion is lying is if their lips are moving.
zardoz Trump's business has much debt so he profits from low intrerest
Trump's business has much debt so he profits from low intrerest
EuclidThere has been some friction between the Administration and the Fed, with the Administration demanding that the Fed lower interest rates, which would improve the economy. At the same time, the Administration claims a roaring economy.......so here is the problem: If the Fed lowers the rate to speed up a slow economy, it sends a signal that the economy needs a boost because it is too slow......it also sends the signal the economy is not roaring.
Symptomatic doublespeak of an administration marked by prevarication and ignorance.
Ulrich At least, to their credit, they saw this coming long ago. Why else would they be attempting to lower interest rates when the economy was supposedly on fire? The answer of course is that things aren't nearly as rosey as they're made out to be in the media at times. We in the freight industry have seen this coming for awhile..It will be a downturn, but we're overdue for one anyway as part of a natural economic cycle.
At least, to their credit, they saw this coming long ago. Why else would they be attempting to lower interest rates when the economy was supposedly on fire? The answer of course is that things aren't nearly as rosey as they're made out to be in the media at times. We in the freight industry have seen this coming for awhile..It will be a downturn, but we're overdue for one anyway as part of a natural economic cycle.
There has been some friction between the Administration and the Fed, with the Administration demanding that the Fed lower interest rates, which would improve the economy.
At the same time, the Administration claims a roaring economy. One can claim an economy roars, but an actual improvement adds credibility to the claim. Hence, the call from the Administration for the Fed to lower rates.
However, when the Fed lowers rates, they do so to boost an economy that needs a boost. Roaring economies don’t need a boost.
So here is the problem: If the Fed lowers the rate to speed up a slow economy, it sends a signal that the economy needs a boost because it is too slow. So, while lowering the rate would speed up the economy to bolster the claim that is a roaring economy, it also sends the signal the economy is not roaring.
Murphy Siding Euclid charlie hebdo I do contract work for this sector and demand is dead flat. I have never seen it this low before. Prior to this, it slowed way down in the immediate wake of the bursting of the housing bubble. But today it is as dead as a doornail. For which sector? Manufacturing, that this post refers to, or railroad freight, which the thread refers to?
Euclid charlie hebdo I do contract work for this sector and demand is dead flat. I have never seen it this low before. Prior to this, it slowed way down in the immediate wake of the bursting of the housing bubble. But today it is as dead as a doornail.
charlie hebdo
I do contract work for this sector and demand is dead flat. I have never seen it this low before. Prior to this, it slowed way down in the immediate wake of the bursting of the housing bubble. But today it is as dead as a doornail.
For which sector? Manufacturing, that this post refers to, or railroad freight, which the thread refers to?
They are positively correlated.
For the manufacturing sector. I do product development design.
Thanks to Chris / CopCarSS for my avatar.
zardoz charlie hebdo We have an idiot in charge of trade and manufacturing. We have an idiot in charge, period.
charlie hebdo We have an idiot in charge of trade and manufacturing.
We have an idiot in charge, period.
Although I agree that our stable genius is unbalanced, I was referring to Peter Navarro, a fringe adviser in charge of manufacturing, who keeps insisting everything is fine.
charlie hebdoWe have an idiot in charge of trade and manufacturing.
Lowest US manufacturing levels since 2009.
https://www.cnbc.com/2019/10/01/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html
charlie hebdo Manufacturing index is dropping like a lead balloon to the lowest level in years, yet Peter Navarro continues to insist it is strong. We have an idiot in charge of trade and manufacturing.
Manufacturing index is dropping like a lead balloon to the lowest level in years, yet Peter Navarro continues to insist it is strong. We have an idiot in charge of trade and manufacturing.
U.S. companies with actual manufacturing in China have been told to immediately move out of that country. Some of these are big companies such as Toro. An implied order to move their manufacturing out of China is a very big deal. Then we were told that the U.S. is seeking the means to make this order a legally mandatory order. Is it any wonder there is a collapse of investment confidence in the U.S. manufacturing sector?
Navarro has obsessive and radical ideas that morally demonize China as the cause of all our problems. China probably feels blindsided by this sudden economic attack by the U.S. They seem intent on just waiting it out because it is too radical to negotiate with.
But the effects of this attack are naturally delayed. So, this county will probably not wake up to what Navarro has done, until they see the delayed effects coming onto us like a giant tsunami wave. By then it will be too late to stop it.
Coal usage in power generation continues to decline. This link may have a paywall.
https://digitaledition.chicagotribune.com/html5/mobile/production/default.aspx?pubid=3e7227b1-e3b7-4fac-aa07-5f943e58b4c5&edid=eb9ae930-ba92-4782-bcb4-4806201b4a37
zardoz charlie hebdo I recall the "Employee Owned" CNW. Several posters here worked on it. How did that work out? For the average production employee it was mostly a scam. The railroad had become so decrepit (Cheap & Nothing Works) that nobody really had any faith in management. So when the opportunity came along to purchase stock, few contract employees joined in--the vast majority of stock was bought by upper-management. Of course, the joke was on the workers, as the stock split twice. I do not recall the factor of the second split (perhaps 4-to-1), but I do recall that the first split was 60-to-1. So if you invested $10,000 at the beginning of "Employee Ownership", you realized a final price of $2,400,000. For some reason, upper-management neglected to inform us grunts of the potential.
charlie hebdo I recall the "Employee Owned" CNW. Several posters here worked on it. How did that work out?
For the average production employee it was mostly a scam. The railroad had become so decrepit (Cheap & Nothing Works) that nobody really had any faith in management. So when the opportunity came along to purchase stock, few contract employees joined in--the vast majority of stock was bought by upper-management.
Of course, the joke was on the workers, as the stock split twice. I do not recall the factor of the second split (perhaps 4-to-1), but I do recall that the first split was 60-to-1. So if you invested $10,000 at the beginning of "Employee Ownership", you realized a final price of $2,400,000. For some reason, upper-management neglected to inform us grunts of the potential.
Wow! Never knew that. The newspapers did not publicize how little was owned by workers. Typical corporatism.
All done to please Wall Street, and CSX investors. Manipulating the operating ratio to look good is not sustainable. But a railroad without customers is not a going concern, either.
tin canInteresting reading about CSX and PSR. Customers are not happy. https://www.yahoo.com/finance/m/ebc411e6-4d9b-3b3a-9c2c-52e987117eea/special-report%3A-how-csx-is.html
https://www.yahoo.com/finance/m/ebc411e6-4d9b-3b3a-9c2c-52e987117eea/special-report%3A-how-csx-is.html
When you create a unique 'metric' no one can compare it to anything. The uniqueness of EHH - nothing compares to him.
Never too old to have a happy childhood!
Interesting reading about CSX and PSR. Customers are not happy.
We were referring to labor seats required by law as in Germany. That has not happened here, your example notwithstanding. I recall the "Employee Owned" CNW. Several posters here worked on it. How did that work out?
charlie hebdoThat's not going to happen here.
Actually, it has.
I believe the location was a transmission plant in Livonia, MI.
Labor had to either work with management, or the factory was going to close. Labor decided a job with slightly lower pay/benefits was better than no job at all. The factory remained open.
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
charlie hebdo Psychot charlie hebdo zugmann Psychot Bingo. And the problem is exacerbated by the fact that we, as a country and a society, have done very little to help the workforce adjust to the emerging new reality. And even if people do want to adjust/retrain, the simple fact we tie healthcare to our jobs mean that very few can take the opportunity/risk. Standardized plans and public option with total portability should solve that problem. Example: the German health insurance model. Another thing we could borrow from the Germans is cooperation between industry and unions, including giving the unions a seat on corporate boards. That would go a long way toward eliminating the destructive adversarial relationship between business and union labor which both sides had their part in creating. That's not going to happen here.
Psychot charlie hebdo zugmann Psychot Bingo. And the problem is exacerbated by the fact that we, as a country and a society, have done very little to help the workforce adjust to the emerging new reality. And even if people do want to adjust/retrain, the simple fact we tie healthcare to our jobs mean that very few can take the opportunity/risk. Standardized plans and public option with total portability should solve that problem. Example: the German health insurance model. Another thing we could borrow from the Germans is cooperation between industry and unions, including giving the unions a seat on corporate boards. That would go a long way toward eliminating the destructive adversarial relationship between business and union labor which both sides had their part in creating.
charlie hebdo zugmann Psychot Bingo. And the problem is exacerbated by the fact that we, as a country and a society, have done very little to help the workforce adjust to the emerging new reality. And even if people do want to adjust/retrain, the simple fact we tie healthcare to our jobs mean that very few can take the opportunity/risk. Standardized plans and public option with total portability should solve that problem. Example: the German health insurance model.
zugmann Psychot Bingo. And the problem is exacerbated by the fact that we, as a country and a society, have done very little to help the workforce adjust to the emerging new reality. And even if people do want to adjust/retrain, the simple fact we tie healthcare to our jobs mean that very few can take the opportunity/risk.
Psychot Bingo. And the problem is exacerbated by the fact that we, as a country and a society, have done very little to help the workforce adjust to the emerging new reality.
And even if people do want to adjust/retrain, the simple fact we tie healthcare to our jobs mean that very few can take the opportunity/risk.
Standardized plans and public option with total portability should solve that problem. Example: the German health insurance model.
Another thing we could borrow from the Germans is cooperation between industry and unions, including giving the unions a seat on corporate boards. That would go a long way toward eliminating the destructive adversarial relationship between business and union labor which both sides had their part in creating.
That's not going to happen here.
Probably not, but one can dream...
As the "gig economy" model used by Uber/Lyft amply demonstrates, the ultimate goal is to keep the labor force cheap and docile. Gotta bust those unions.
tree68 Psychot And the problem is exacerbated by the fact that we, as a country and a society, have done very little to help the workforce adjust to the emerging new reality. That, and the fact that for too many years labor enthusiastically embraced Eugene Debs' exhortation in the early days of union organization. "More!" We priced ourselves out of the world labor market years ago, during that time when we were the dominant economic force in the world. Now we're paying the price.
Psychot And the problem is exacerbated by the fact that we, as a country and a society, have done very little to help the workforce adjust to the emerging new reality.
That, and the fact that for too many years labor enthusiastically embraced Eugene Debs' exhortation in the early days of union organization.
"More!"
We priced ourselves out of the world labor market years ago, during that time when we were the dominant economic force in the world. Now we're paying the price.
Very true, and there’s no better example than unions forcing railroads to keep 5-man train crews for decades after diesel locomotives and air brakes made the positions of fireman and brakeman obsolete. I remember watching cabooses roll by with the rear brakeman sitting up in the cupola watching the scenery go by and thinking “man, that’s a good gig if you can get it.”
Unions came about for a very good reason, because industrial workers were being exploited and mistreated. But there’s no question they overstepped their bounds—and in doing so, they did a great disservice to their members in the long run.
In the USA we can't even agree on Yard or Meters, and have wrecked some spacecraft because of the differences.
matthewsaggie If you get to Dayton Ohio be sure to visit the Packard museum there. They built Merlin's under license from R-R during the war for the P-51 and ot hers. Interesting exhibit of some of the early problems, such as converting the plans from metric to english, problems with the prototypes that R-R provided that didn't match the plans, reflecting changes that had been made on the shop floor on the fly there in Derby but not documented, etc. Fascinating exhibit. They also have a display of Packard PT boat engines, which were enormous.
If you get to Dayton Ohio be sure to visit the Packard museum there. They built Merlin's under license from R-R during the war for the P-51 and ot
hers. Interesting exhibit of some of the early problems, such as converting the plans from metric to english, problems with the prototypes that R-R provided that didn't match the plans, reflecting changes that had been made on the shop floor on the fly there in Derby but not documented, etc. Fascinating exhibit. They also have a display of Packard PT boat engines, which were enormous.
Thanks for the informative. I always thought RR and all British products were still on Imperial measures at that time.
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