Warm Southern Breeze

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Posts Tagged ‘Federal Reserve Economic Data’

Repugnicunts Want to RUIN the U.S. Economy

Posted by Warm Southern Breeze on Thursday, February 2, 2023

repugnant — incompatible, inconsistent, hostile, distasteful, contradictory, abhorrent, obnoxious, odious; originates directly from the Latin term repugnantem (nominative case repugnans), present participle of repugnare, meaning “to resist, fight back, oppose; disagree, be incompatible.”

repugnant (adj.)

early 15c., repugnaunt, “hostile, opposed; contrary, inconsistent, contradictory,” from Old French repugnant “contradictory, opposing” or directly from Latin repugnantem (nominative repugnans), present participle of repugnare “to resist, fight back, oppose; disagree, be incompatible,” from re- “back, against, in opposition” (see re-) + pugnare “to fight” (from PIE root *peuk- “to prick”).

The meaning “distasteful, objectionable” is from 1777; that of “offensive, loathsome, exciting aversion” is by 1879.

cunt (n.)

“female intercrural foramen,” or, as some 18c. writers refer to it, “the monosyllable,” Middle English cunte “female genitalia,” by early 14c. (in Hendyng’s “Proverbs” — ʒeve þi cunte to cunni[n]g, And crave affetir wedding), akin to Old Norse kunta, Old Frisian, Middle Dutch, and Middle Low German kunte, from Proto-Germanic *kunton, which is of uncertain origin. Some suggest a link with Latin cuneus “wedge” (which is of unknown origin), others to PIE root *geu- “hollow place,” still others to PIE root *gwen- “woman.”

The form is similar to Latin cunnus “female pudenda” (also, vulgarly, “a woman”), which is likewise of disputed origin, perhaps literally “gash, slit” (from PIE *sker- “to cut”) or “sheath” (Watkins, from PIE *(s)keu- “to conceal, hide”). De Vaan rejects this, however, and traces it to “a root *kut-meaning ‘bag’, ‘scrotum’, and metaphorically also ‘female pudenda,’ ” source also of Greek kysthos “vagina; buttocks; pouch, small bag” (but Beekes suspects this is a Pre-Greek word), Lithuanian kutys “(money) bag,” Old High German hodo “testicles.”

Hec vulva: a cunt. Hic cunnus: idem est. [from Londesborough Illustrated Nominale, c. 1500, in “Anglo-Saxon and Old English Vocabularies,” eds. Wright and Wülcker, vol. 1, 1884]

First known reference in English apparently is in a compound, Oxford street name Gropecuntlane cited from c. 1230 (and attested through late 14c.) in “Place-Names of Oxfordshire” (Gelling & Stenton, 1953), presumably a haunt of prostitutes. Used in medical writing c. 1400, but avoided in public speech since 15c.; considered obscene since 17c.

in Middle English also conte, counte, and sometimes queinte, queynte (for this, see Q). Chaucer used quaint and queynte in “Canterbury Tales” (late 14c.), and Andrew Marvell might be punning on quaint in “To His Coy Mistress” (1650).

“What eyleth yow to grucche thus and grone? Is it for ye wolde haue my queynte allone?” [Wife of Bath’s Tale]

Under “MONOSYLLABLE” Farmer lists 552 synonyms from English slang and literature before launching into another 5 pages of them in French, German, Italian, Spanish, and Portuguese. [A sampling: Botany Bay, chum, coffee-shop, cookie, End of the Sentimental Journey, fancy bit, Fumbler’s Hall, funniment, goatmilker, heaven, hell, Itching Jenny, jelly-bag, Low Countries, nature’s tufted treasure, penwiper, prick-skinner, seminary, tickle-toby, undeniable, wonderful lamp, and aphrodisaical tennis court, and, in a separate listing, Naggie.] Dutch cognate de kont means “a bottom, an arse,” but Dutch also has attractive poetic slang ways of expressing this part, such as liefdesgrot, literally “cave of love,” and vleesroos “rose of flesh.”

Alternative form cunny is attested from c. 1720 but is certainly much earlier and forced a change in the pronunciation of coney (q.v.), but it was good for a pun while coney was still the common word for “rabbit”: “A pox upon your Christian cockatrices! They cry, like poulterers’ wives, ‘No money, no coney.’ ” [Philip Massinger: “The Virgin-Martyr,” Act I, Scene 1, 1622]

See also: https://qz.com/1045607/the-most-offensive-curse-word-in-english-has-powerful-feminist-origins


And, given the opportunity, Repugnicunts would ruin the U.S. economy.

Even now, in the opening days of the 118th Congress, there’s talk among Repugnicunts of eliminating the Federal Income Tax, along with all other forms of Federal tax, and replace it with a 30% Value Added Tax.

If you think inflation is a bugbear now, just add 30% to it, and see what it’s like. Repugnicunts are such morons.

The reason why, is because that’s what they want to do:

TEAR IT ALL DOWN.

Not repair, not rebuild, not reinforce, not improve efficiency… but TEAR IT DOWN — and hope for the best, then sell off to the highest corporate bidder the skeletal remains.

For example, NOT A SINGLE REPUGNICUNT in the House or Senate voted for Pandemic Economic Relief.

Had the American people not had that money, our economy would have melted down, and suffered a depression even worse than the Great Depression.

But, it didn’t.

In fact, it didn’t even have a recession.

Not even.

So, when the Repugnicunts cry and whine about national debt, not only are they TOTALLY missing the boat, they’re missing the BIG PICTURE.

And here’s the odd thing about it:

They want to cut spending, but don’t want to pay for it — they do NOT want PayGo, or pay-as-you-go. And if they had their way, they’d let America default on its “loans.”

But, there’s an even BIGGER picture that few, if any, ever talk about, and certainly, most probably don’t even understand it. This entry will try to correct that.


“…the U.S. government’s ability to borrow.”

U.S. To Max Out On Debt Soon, Setting Up Political Fight

WASHINGTON (AP) — The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month, starting the clock on Read the rest of this entry »

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What Condition Is Our Condition In?

Posted by Warm Southern Breeze on Thursday, August 6, 2020

“I just dropped in to see what condition my condition was in.”

– partial lyric from “Just Dropped In (To See What Condition My Condition Was In)” as popularized by Kenny Rogers and The First Edition, 1968

Some critics would point to the recent economic downturn caused by our nation’s inadequate response to the COVID-19 pandemic as proof positive that we should completely forego any attempts or efforts to control spread of the disease.

With cries of “I want my freedom!” and other similar remarks, of right-wing extremists, in conjunction with their attacks on states’ capitols (most notably in Wisconsin) with loaded assault rifles, and their attempts to disrupt the legislatures, are evidence, and proof positive that the “wrong wing” is purely misguided, and even

The American Industrial Production Index (IPI) “measures levels of production by the manufacturing sector, mining – including oil and gas field drilling services – and electrical and gas utilities. It also measures capacity, an estimate of the production levels that could be sustainably maintained; and capacity utilization, the ratio of actual output to capacity.”

The Federal Reserve Board (FRB) publishes the IPI in the middle of every month, and revisions to previous estimates are released at the end of every March.

In short, it is a head-on, unvarnished examination of the underlying ability of the industrial sector to meet the demands placed upon the economic infrastructure in order to continue and sustain economic growth.

If you’re really froggy, the Federal Reserve states this about the IPI, which they call the INPRO:

The Industrial Production Index (INDPRO) is an economic indicator that measures real output for all facilities located in the United States manufacturing, mining, and electric, and gas utilities (excluding those in U.S. territories).(1)
Since 1997, the Industrial Production Index has been determined from 312 individual series based on the 2007 North American Industrial Classification System (NAICS) codes. These individual series are classified in two ways (1) market groups and (2) industry groups. (1) The Board of Governors defines markets groups as products (aggregates of final products) and materials (inputs used in the manufacture of products). Consumer goods and business equipment can be examples of market groups. “Industry groups are defined as three digit NAICS industries and aggregates of these industries such as durable and nondurable manufacturing, mining, and utilities.”(1)(2)
The index is compiled on a monthly basis to bring attention to short- term changes in industrial production,. It measures movements in production output and highlights structural developments in the economy. (1) Growth in the production index from month to month is an indicator of growth in the industry.
For more information regarding the Industrial Production and Capacity Utilization index, see the explanatory notes issued by the Board of Governors.

References
(1) Board of Governors of the Federal Reserve System. “Industrial Production and Capacity Utilization.” Statistical release G.17; May 2013.
(1) For recent reports on market and industry groups, please visit the Board of Governors.

Now, if you’ve managed to slog through (or skip over) the preceding information, you’re in good shape to continue.

The American economy as demonstrated by the Industrial Production Index has NOT changed significantly since 1999.

Simply look at the “90” line along the vertical column, and follow it through to April 2020.

Because of President Pollyanna’s approach to governing, decline in the economy – which could have been prevented – the economy is essentially back to where it was in 1999.

Federal Reserve Economic Data, Industrial Production Index, January 1998-June 2020

Up, down, up, down… it’s like a roller coaster – until about 2015, when it hits a high in November 2014 of 106.6634, then “recovers” slightly to March 2016 at 101.4155, then increases again, until it peaks in December 2018 at 110.5516, then pegs along around 109/110, and then, in February 2020 at 109.3246, thereafter falls to 91.1991 in April 2020, where it begins to show some modest improvement through June to 97.4587.

As we all know, things don’t stay down, and once again, it’ll eventually return to elevated levels, but we don’t know exactly how long it’ll take.

Federal Reserve Economic Data, Real Disposable Personal Income (RDPI) 2010-June 2020 –– As shown here, the CARES Act provided a GENUINE and substantial economic stimulus, which is still ongoing.

And in an effort to stave off almost certain practical wholesale economic collapse, Congress passed, and the President signed into law, the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020.

As seen in the FRED graph (Federal Reserve Economic Data), even though Real Personal Disposable Income (RDPI) has declined somewhat since significant boost to a high in April, as of June, the effects of the CARES Act were still ongoing, and have not fallen below February, or March levels – which is a good sign. It means that the economic boost WORKED by placing money in the people’s hands.

And now, the GOP wants to stop it all.

Madam Speaker Nancy Pelosi said it best today on CNBC’s “Squawk on the Street” program when interviewed by the host Jim Cramer who asked,

 “I like your spirit of being more upbeat, more optimistic so I will offer this: why can’t you go across the aisle and say, ‘Representative Lewis, civil rights legend, would have loved it if we could do something for the totally disenfranchised in this country. No matter what, can we give a huge chunk of money to the people who are disenfranchised, to minorities who want so badly to stay in business and can’t and to people who are trying to go to college or have student loans who are minorities who are the most affected because they had the least chance in our country?’ That’s got to be something both sides can agree to.”

In reply, Madam Speaker Pelosi said,

“Yeah.  That’s the problem.  See, the thing is, they don’t believe in governance.  They don’t believe in governance, and that requires some acts of government to do that.  But just what you described is what Mr. Schumer, Chuck Schumer, is proposing that we do with some of the resources in the bill.  And that – you described Chuck Schumer’s proposal exactly, in addition to the Heroes Act.

If we’re talking about how much and how long and how targeted, if we’re going to juggle some of this money, let’s focus it where it’s going to do the most good.  And basically, economists tell us, spend the money, invest the money for those who need it the most, because they will spend it.  It will be a stimulus or at least a stabilization of – and that’s a good thing.  Consumer confidence is a good thing for the economy.  You know that better than anyone.

And one of the things we want to do just before we leave on this, what we’re trying to do to help hotels, which are big employers, restaurants, which are big employers and the rest, is to lower the threshold for how someone can qualify for a second loan.  Republicans have it at 50 percent.

Nydia Velázquez, our Chairman, is urging a 30 percent threshold or 30 percent of revenues, of losses from the previous year.  It was based on the previous quarter – the similar quarter of the former year.  Now, we’re talking about the whole year, and 30 percent rather than 50 percent, which would make, I’m told by the hospitality industry, a big difference for them.  Many jobs, many entry level jobs, many union jobs, many people of color jobs, and I would hope that they would consider that.

Jim Cramer:  Okay.  I’m so glad you mentioned Congresswoman Velázquez, who is my Congresswoman.  I think she knows small business better than anyone.  I also believe that Chairman Powell would agree with that.

Speaker Pelosi, thank you for coming on Squawk on the Street.

Speaker Pelosi:  My pleasure.  Thank you.  Always a pleasure.  Thank you.

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Bureau of Labor Statistics Labor Force Participation Reports May 2014: Don’t Believe the “Spin”

Posted by Warm Southern Breeze on Sunday, June 8, 2014

This will be of interest to the curious, especially those who seek and search for the truth.

Asserting to cite data from the Bureau of Labor Statistics (BLS), CNS News recently reported that the Labor Force participation rate was at a 36-year low.
The headline to that story reads:
37.2%: Percentage Not in Labor Force Remains at 36-Year High
http://www.cnsnews.com/news/article/ali-meyer/372-percentage-not-labor-force-remains-36-year-high

Upon examination of the BLS website, the data was found to be honest and accurate.
http://data.bls.gov/timeseries/LNS11300000

Information on the data set presented is:
Data extracted on: June 8, 2014 (4:07:31 PM)
Labor Force Statistics from the Current Population Survey
Series ID: LNS11300000
Seasonally Adjusted
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over

Following is the chart as shown on the BLS website:

Chart from the Bureau of Labor Statistics of Labor Force Participation, Seasonally adjusted http://data.bls.gov/timeseries/LNS11300000

Chart #2: From the Bureau of Labor Statistics of Labor Force Participation, Seasonally adjusted http://data.bls.gov/timeseries/LNS11300000 Civilian Labor Force Participation Rate, age 16+

 

 

 

 

 

 

If the information is accurate – that is, if it accurately represents the thing it purports to represent – then there is a genuine cause for concern, perhaps even alarm. But first, sometimes, information has to pass the “smell test.” If it just doesn’t sound right, dig a little deeper.

However, there is a DEFINITE skew which, when considered, renders the interpretation of the findings questionable, at best.

Since there are TWO separate entities reporting the SAME information, how could it possibly be inaccurate, or incorrect?

Let’s consider further, to determine if such alarm might be genuinely warranted.

Searching for Labor Force Participation Rate datasets from Read the rest of this entry »

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