I just heard the correct descriptive term on Fox Business -- UNREALIZED GAINS.
Some people got an unemployment check during Covid. I think most of them have returned to work if their business wasn't destroyed. They are not the issue at this point.
Why is there no one left when this labor problem was not true before the pandemic? A disruption like this should have people unemployed. There should be gobs of people at your doorstep looking for work, laid off from business closures.
What is going on?
This is a repeat of what occurred just before the 2008 financial crisis. I remember people borrowing against the equity in their homes to live it up or invest in the stock market. In fact, according to Fox Business, the current stock valuations are largely being supported by retail investors, not institutions.
This is why there are holes in the workforce, as millions of people felt they did not need to work, or do not want to work. The workforce holes create incentives for people to try and move up or quit. The phenomenon filters throughout everything, down to finding an electrician to fix problems at your home.
The Federal Government and Federal Reserve created this deception of wealth -- unrealized gains, like the price of your home. We're going to have the same mess all over again due to the leveraging. This time it will be worse, because the government cannot afford a bail out.
We've got Congress in a fight with the Fed, one creating inflation and the other charged with trying to stop it. Winner decides how the destruction materializes, but the destruction is unavoidable.
Many people I know think they are going to get 7% real returns (price adjusted for inflation) on their stock portfolio going forward. That is driving their spending behavior. That is dreamland unless you are lucky enough to choose the right stocks.
What will be the driver of growth to support this expectation? I'm not seeing it. Someone help. What will improve productivity? Workers are already spent, some are doing the "quiet quit," and I do not see a new technology like the microchip to suddenly increase productivity.
Some people got an unemployment check during Covid. I think most of them have returned to work if their business wasn't destroyed. They are not the issue at this point.
Why is there no one left when this labor problem was not true before the pandemic? A disruption like this should have people unemployed. There should be gobs of people at your doorstep looking for work, laid off from business closures.
What is going on?
This is a repeat of what occurred just before the 2008 financial crisis. I remember people borrowing against the equity in their homes to live it up or invest in the stock market. In fact, according to Fox Business, the current stock valuations are largely being supported by retail investors, not institutions.
This is why there are holes in the workforce, as millions of people felt they did not need to work, or do not want to work. The workforce holes create incentives for people to try and move up or quit. The phenomenon filters throughout everything, down to finding an electrician to fix problems at your home.
The Federal Government and Federal Reserve created this deception of wealth -- unrealized gains, like the price of your home. We're going to have the same mess all over again due to the leveraging. This time it will be worse, because the government cannot afford a bail out.
We've got Congress in a fight with the Fed, one creating inflation and the other charged with trying to stop it. Winner decides how the destruction materializes, but the destruction is unavoidable.
Many people I know think they are going to get 7% real returns (price adjusted for inflation) on their stock portfolio going forward. That is driving their spending behavior. That is dreamland unless you are lucky enough to choose the right stocks.
What will be the driver of growth to support this expectation? I'm not seeing it. Someone help. What will improve productivity? Workers are already spent, some are doing the "quiet quit," and I do not see a new technology like the microchip to suddenly increase productivity.
