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Message
re: PPI blows through expectations - over 3x higher than expected
Posted on 8/14/25 at 4:50 pm to VABuckeye
Posted on 8/14/25 at 4:50 pm to VABuckeye
Why aren't you at least curious how this performs against history behind one month in one year? Especially on a per capita? What if a million new businesses were started because of lowered barriers to entry and 10k of them failed. Would that be indicative of the environment you're wishing for or what?
Eta
Thanks for noticing. I'm trying to change the vibe of this board. We can have excellent discussions here if a couple of us self police the attention whores and trolls with sincerity and no agenda.
Eta
quote:
And thank you for treating this as a discussion and not doing the degenerate ridiculing and name calling that many on this board descend into.
Thanks for noticing. I'm trying to change the vibe of this board. We can have excellent discussions here if a couple of us self police the attention whores and trolls with sincerity and no agenda.
This post was edited on 8/14/25 at 4:53 pm
Posted on 8/14/25 at 4:50 pm to Ingeniero
Trump is president. We have always had tariffs. Now we have a better balance with that vs every nation.
You can bitch moan and groan all day and night. You can pray to bitty booty. It won't matter and it won;t change the fact that there is nothing you can do about it.
Trump was voted in, and this is what we voted for. Wages will out run and more than offset any tariff.
You can bitch moan and groan all day and night. You can pray to bitty booty. It won't matter and it won;t change the fact that there is nothing you can do about it.
Trump was voted in, and this is what we voted for. Wages will out run and more than offset any tariff.
Posted on 8/14/25 at 4:54 pm to RogerTheShrubber
quote:
We used to really encourage entrepreneurship in this country. Now everyone just wants a cushy corporate gig. I consider it a personal failure that I didnt explore a couple of opportunities earlier in life.
It wasn't until my last corporate job coupled with my wife opening the businesss that I could see the difference. The freedom the came with it, the ability to make money that wouldn't have been possible working for someone else, the flat out terror of going all-in when it was a financial risk. The joy of growing the business and getting clients that appeared to be too big for us. It's bonkers. Every single day is different. Some are slow while others are extremely busy and it carries over into working nights and the weekend. It's growth and we're humbled by it. When I worked for the Canadians as a produce inspector I was gone Monday - Friday and living out of Best Westerns, eating takeout and watching ESPN when I filed my reports. I missed a good amount of my daughter growing up and not being there like I should've been. It paid the bills but it came at a cost that quite honestly wasn't worth it..
Posted on 8/14/25 at 4:57 pm to GRTiger
You are right that it’s a snapshot in time. That said it’s not a good one. I guess the retort is what would the rate be if companies weren’t being affected by the cost of tariffs? Unfortunately, that would take a very deep dive into it and it’s probably too early to glean that information.
Posted on 8/14/25 at 4:59 pm to Figgy
quote:
the flat out terror of going all-in when it was a financial risk.
I called it the leap of faith when we did it. I’m glad it’s worked out so well for you.
Posted on 8/14/25 at 5:01 pm to BCreed1
quote:
Wages will out run and more than offset any tariff.
Can you expound on this thought? I see possible reductions in workforce coming so I’m not sure where you’re coming from.
Posted on 8/14/25 at 5:01 pm to VABuckeye
quote:
I guess the retort is what would the rate be if companies weren’t being affected by the cost of tariffs?
Brother as soon as you can run two conflicting decision points in real world comparison before we have to make them, I'll join that cult.
I don't think the tariffs have had a change to impact these kinds of decisions to a large extent though.
Posted on 8/14/25 at 5:01 pm to VABuckeye
quote:
Unbelievable. Right in front of your eyes and you can’t see it. Good for you, I guess.
Doesn't he make a reasonable point? Are business bankruptcies more reflective of the last six months of business or some period greater than that?
ETA - we're talking about large companies. Not ma & pa running a sub shop, living month-to-month.
This post was edited on 8/14/25 at 5:05 pm
Posted on 8/14/25 at 5:07 pm to David_DJS
He (not GRT) blamed the bankruptcies on Biden. That’s not making a point. It’s just deflecting.
The business sizes listed in that article would all qualify as small businesses. Certainly not large by any stretch.
The business sizes listed in that article would all qualify as small businesses. Certainly not large by any stretch.
This post was edited on 8/14/25 at 5:10 pm
Posted on 8/14/25 at 5:07 pm to David_DJS
Mom and pops are leveraging the tech of the day to start. I don't think the small shops will be impacted in the long run. In fact I think this will equalize it in certain industries.
I think of US gunsmiths as an immediate example. The cost of machining metals is shrinking to the point that people do it at home. We won't need exports for guns in the future.
I think of US gunsmiths as an immediate example. The cost of machining metals is shrinking to the point that people do it at home. We won't need exports for guns in the future.
Posted on 8/14/25 at 5:08 pm to David_DJS
quote:
Are business bankruptcies more reflective of the last six months of business or some period greater than that?
I would think more than the last six months.
I think there’s plenty of room for discussion on what’s driving economic headwinds.
This post was edited on 8/14/25 at 5:09 pm
Posted on 8/14/25 at 5:10 pm to the808bass
Yes. The added costs could be the tipping point for at least some and not the root issue.
Posted on 8/14/25 at 5:13 pm to VABuckeye
quote:
He (not GRT) blamed the bankruptcies on Biden. That’s not making a point. It’s just deflecting.
When the counterpoint is the blame goes to Trump, I'm not sure you're right.
But as a subject matter discussion, I think it's pretty obvious that a large company going bankrupt wasn't doing great business and in great financial shape in 2024.
Moreover, I believe it's also true that bankruptcies have been trending upward since all the Covid cash finished washing through the system. Covid dollars kept propped up a lot of small and medium-sized businesses that would have otherwise gone BK.
Posted on 8/14/25 at 5:15 pm to VABuckeye
quote:
I see possible reductions in workforce coming so I’m not sure where you’re coming from.
I see additions in Texas.
Posted on 8/14/25 at 5:17 pm to David_DJS
quote:
Moreover, I believe it's also true that bankruptcies have been trending upward since all the Covid cash finished washing through the system
At some point, our economy is going to pay the piper for Covid. It’s inevitable. My only question is how much will we have to pay and how long will we have to pay?
Posted on 8/14/25 at 5:18 pm to David_DJS
quote:
When the counterpoint is the blame goes to Trump, I'm not sure you're right.
As I stated. Many of the businesses may have already been experiencing problems but if they had to bear additional costs associated with tariffs it certainly didn’t help their situation.
There’s a bigger problem that leads to business bankruptcies. Predatory lending with rates that should be criminal.
This post was edited on 8/14/25 at 5:19 pm
Posted on 8/14/25 at 5:19 pm to FATBOY TIGER
quote:
I see additions in Texas.
Where and what category? Thanks.
Posted on 8/14/25 at 5:20 pm to VABuckeye
quote:
I called it the leap of faith when we did it. I’m glad it’s worked out so well for you.
No kidding and thank you. What's funny is that I was dead set against her doing it. I like to be able to plan things out. She was going to quit her job and losing that regular income was more than I could wrap my head around at the time. We were just getting back on our feet from when I was laid off from working for the Canadians (when I was the breadwinner) and I had finally got another office job. Here she is saying "I've prayed about it and we're doing this."
Posted on 8/14/25 at 5:23 pm to VABuckeye
quote:High interest rates and elevated debt levels will do that.
Highest number of business bankruptcies since July of 2020.
Posted on 8/14/25 at 5:23 pm to the808bass
quote:
At some point, our economy is going to pay the piper for Covid. It’s inevitable. My only question is how much will we have to pay and how long will we have to pay?
I agree. We continue to pretend we didn't do to our economy and dollar what we most certainly did in the name of Covid response.
The same can be said for kids and education (as an aside).
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