Recession

118,910 Views | 1542 Replies | Last: 20 hrs ago by FLBear5630
FLBear5630
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whiterock said:

FLBear5630 said:

whiterock said:

Realitybites said:

boognish_bear said:




This actually explains the proliferation of PhD level degrees in academia. Follow the tuition dollars.

"subsidize something and you will get more of it."

The degree programs were not chasing market driven demand. They were chasing federal dollars. Degree programs thus proliferated to consume dollars exactly the same Parkinson's law dictates that the job expands to fill the time allowed. And the process was hijacked beyond the pseudo-intellectual and squarely into ideological indoctrination.

I can't tell you how many times I have heard professors, to include business school professors, rather irritably reject the notion that they have any responsibility whatsoever to teach to socio-economic need. They insist their job is to build minds, not to prepare students for careers.



You do realize that every item on that list are advanced, complex subjects.

Do you really want someone designing a bridge or rehabbing your knee with a Bachelors degree level of knowledge?

I have Meniere's Disease and have to see an Audiologist, I do not want some 2 year tech school person measuring my vestibular system.

Don't we want better trained people? Engineering Masters? Who do you think works on Advanced Tech. Look at the number of people working on AI with only Bachelors??

I don't get you guys. You praise the AI push and then say that it is great that we will no longer look at Engineering Advanced degrees as Professional. Do you think things through or just react to memes?

You must be responding to someone else.

A major reason we have so many unemployed kids with hundreds of thousands of dollars of students is because universities invented so many useless degrees, particularly in the social sciences to create ever more pathways for kids to use student loans available on demand. The academic side of the university is saying "we know what your kids need from a university education, and we are the experts on that, so quit pointing to data and markets and the debt/unemployment of our graduates and leave us the hell alone."

The premise is that a college degree makes one more valuable to society.
Is it working out that way? (nope)
The arrogance of the intelligentsia is a major reason why.



Don't disagree with the degree choices. The scary part is the condemning of advanced education as not being worth it. We need more technical degrees in health care, engineering, technology, and hundreds of related degrees. We need to incentivize those degrees. Trump is not hitting his AI dreams with plumbers and electricians. We are setting national goals that require advanced education where do they come from? We import them? How safe is that?

Do we need more ethics? No, we can probably do fine with the normal amount of liberal arts and business. But, do we want to be a nation of plumbers and vo-tech workers moving into a highly technical world advancing everyday?
boognish_bear
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A glimpse into our future?

boognish_bear
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boognish_bear
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whiterock
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boognish_bear said:



Inflation services debt……
muddybrazos
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whiterock said:

boognish_bear said:



Inflation services debt……

Ah, so its ok for the govt to spend endless trillions bc they can inflate the currency to the detriment of we the taxpayers. And you think btc is a fiat, I'll take my chances with btc.
boognish_bear
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boognish_bear
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This can't be right? Almost half?

boognish_bear
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boognish_bear
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boognish_bear
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boognish_bear
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boognish_bear
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Curious how much beef sells have been dropping since prices have been going up

STxBear81
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freeze your meat now, eat later
boognish_bear
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STxBear81 said:

freeze your meat now, eat later


I have a regular fridge in the garage....but it doesn't have a ton of space. Wish I had a deep freezer.
FLBear5630
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STxBear81 said:

freeze your meat now, eat later

Just limit your beef. Or is the market not a proper fix for this?
muddybrazos
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STxBear81 said:

freeze your meat now, eat later

yep, I buy about 3 3 packs of ground beef at costco every trip and have probably 20 in the freezer.
boognish_bear
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4th and Inches
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FLBear5630 said:

STxBear81 said:

freeze your meat now, eat later

Just limit your beef…
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boognish_bear
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boognish_bear
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FLBear5630
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boognish_bear said:



Well, the CEO and Executive got their bonuses. AND many on here are defending it. Saying the CEO deserves it, of course they themselves are CEO's and C-level executives. Here is the Tyson CEO information

"In 2024, Tyson Foods CEO Donnie King received a bonus of nearly $6 million. His total compensation for the year reached $22.77 million, which includes a base salary of $1.45 million, performance bonuses of $5.99 million, and stock options valued at $3.08 million. This increase reflects the company's improved financial performance and King's leadership in turnaround efforts."

So, to Tyson he is doing great. Probably being called creative, visionary and innovative to improve the bottomline.

SO, which is it? Is it un-American and destroying the US work force OR creative and 22.9M a year worthy?
boognish_bear
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Just bought a 22 pound USDA Prime brisket from Costco yesterday for $135. That is six dollars a pound. Six years ago that same brisket would've been half that price.

Still a hell of a lot cheaper than going to a top top end barbecue restaurant where they are charging $35+ per pound now… but it still gave me some sticker shock.
FLBear5630
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boognish_bear said:

Just bought a 22 pound USDA Prime brisket from Costco yesterday for $135. That is six dollars a pound. Six years ago that same brisket would've been half that price.

Still a hell of a lot cheaper than going to a top top end barbecue restaurant where they are charging $35+ per pound now… but it still gave me some sticker shock.

Yeah, Biden really screwed you...
J.R.
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boognish_bear said:

Just bought a 22 pound USDA Prime brisket from Costco yesterday for $135. That is six dollars a pound. Six years ago that same brisket would've been half that price.

Still a hell of a lot cheaper than going to a top top end barbecue restaurant where they are charging $35+ per pound now… but it still gave me some sticker shock.

yeah, don't get me started on BBQ. Back in my day it was a way to cook the crap out of a much lesser muscle. Though I'm in the cattle/waygu business, I have a serious issue with the cost these days. $22 plus for a sammie. People still buy that stuff which I appreciate. Hell, I don't use it that much.
FLBear5630
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J.R. said:

boognish_bear said:

Just bought a 22 pound USDA Prime brisket from Costco yesterday for $135. That is six dollars a pound. Six years ago that same brisket would've been half that price.

Still a hell of a lot cheaper than going to a top top end barbecue restaurant where they are charging $35+ per pound now… but it still gave me some sticker shock.

yeah, don't get me started on BBQ. Back in my day it was a way to cook the crap out of a much lesser muscle. Though I'm in the cattle/waygu business, I have a serious issue with the cost these days. $22 plus for a sammie. People still buy that stuff which I appreciate. Hell, I don't use it that much.

The art of BBQ has deteriorated. It is now overwhelmed by spice rubs and too much smoke. It used to be a mild seasoning, now you taste it for days. I have really stayed away from BBQ for the last 5 to 10 years.
boognish_bear
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boognish_bear
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FLBear5630
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boognish_bear said:



Fake news.
whiterock
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FLBear5630 said:

boognish_bear said:



Fake news.

probably not. reflects a transition to what I've previously indicated is the new model. Less emphasis on fiscal deficits to drive consumer spending to fuel GDP, and more emphasis on investment spending to drive GDP. Takes a while for the investment to translate into jobs, and thence into more consumer spending.

Recall the recent statements by Hasset that budget deficit will decline by $600B this year. more conservative estimates suggest a more modest reduction in the $1T range. "G" is being reduced. That will impact "C." Will take a while for "I" to kick in. The trade deficit appears to be setting into a narrowing trend, too, which helps GDP growth.

https://kpmg.com/us/en/articles/2025/september-2025-international-trade.html

There is a reason no prior administration had the guts to do anything about budget & trade deficits. There will be short term pain to get the economy restructured.
FLBear5630
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whiterock said:

FLBear5630 said:

boognish_bear said:



Fake news.

probably not. reflects a transition to what I've previously indicated is the new model. Less emphasis on fiscal deficits to drive consumer spending to fuel GDP, and more emphasis on investment spending to drive GDP. Takes a while for the investment to translate into jobs, and thence into more consumer spending.

Recall the recent statements by Hasset that budget deficit will decline by $600B this year. more conservative estimates suggest a more modest reduction in the $1T range. "G" is being reduced. That will impact "C." Will take a while for "I" to kick in. The trade deficit appears to be setting into a narrowing trend, too, which helps GDP growth.

https://kpmg.com/us/en/articles/2025/september-2025-international-trade.html

There is a reason no prior administration had the guts to do anything about budget & trade deficits. There will be short term pain to get the economy restructured.

Is this a ChatBod? Any slightly negative comment, even a joke, and we get a powered by AI response.
boognish_bear
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boognish_bear
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boognish_bear
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FLBear5630
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boognish_bear said:



Really? That will turn into hiring? I will make a bet. What it will do is let Executives show that they are reducing costs and saving money, which will turn into bigger bonuses. No one is hiring on the depreciation of hardware...
 
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