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re: I Was Told We Were in a Recession
Posted on 8/19/24 at 3:56 pm to Big Scrub TX
Posted on 8/19/24 at 3:56 pm to Big Scrub TX
quote:
The value of the dollar is crashingIt's about the same place it was to start the year - and is higher than it was 3 years ago.
Uh no. When it comes to purchasing power (the only thing that matters with a fiat currency), it’s nowhere close to where it was 3 years ago.
1
Posted on 8/19/24 at 4:00 pm to SloaneRanger
quote:
Uh no. When it comes to purchasing power (the only thing that matters with a fiat currency), it’s nowhere close to where it was 3 years ago.
You’re both correct.
Considering this is the money talk, the “dollar crashing” can refer to inflation or the value of the dollar vs a basket of other currencies. Sometimes people mean one, sometimes the other.
Posted on 8/20/24 at 12:14 pm to I Love Bama
quote:
It will be 7 figures this year as I finish a large restoration project for the national park service. Feel free to stop in and check where your tax dollars are going. We will be here the next 3 months wrapping it up.
Ok, you've got me intrigued.
A Colombia NPS restoration project or US?
What is does a NPS restoration project look like? What type of work are you doing?
Posted on 8/20/24 at 2:10 pm to TexasTiger34
I live in Colombia, but my company is based in the USA. I fly back every 2-3 months, depending on work and to visit friends and family. I handle most of the paperwork remotely, while my team on the ground manages the actual work.
Despite the name, the National Park Service (NPS) controls and manages many museums as well. Currently, we have four projects in progress. Two are for the NPS, but most of our work is for VA Medical Centers.
What does an NPS restoration project look like? What type of work are you doing?
Every job is different. For example, on our current project, we are renovating an entire museum (repointing, flooring, new plumbing and electrical, installing sprinklers, roof, etc) and addressing structural issues.
Other times we are just doing single trade stuff like repaving parking lots, cleaning off trails, roof projects, HVAC stuff. We only self perform maybe 15% of the projects we win.
For more examples of what the government is looking for, this website is essential: LINK
The government is the #1 spender in the world. If anyone reading this offers a service that the government could use, I highly recommend getting involved.
Despite the name, the National Park Service (NPS) controls and manages many museums as well. Currently, we have four projects in progress. Two are for the NPS, but most of our work is for VA Medical Centers.
What does an NPS restoration project look like? What type of work are you doing?
Every job is different. For example, on our current project, we are renovating an entire museum (repointing, flooring, new plumbing and electrical, installing sprinklers, roof, etc) and addressing structural issues.
Other times we are just doing single trade stuff like repaving parking lots, cleaning off trails, roof projects, HVAC stuff. We only self perform maybe 15% of the projects we win.
For more examples of what the government is looking for, this website is essential: LINK
The government is the #1 spender in the world. If anyone reading this offers a service that the government could use, I highly recommend getting involved.
This post was edited on 8/20/24 at 2:19 pm
Posted on 8/21/24 at 8:27 am to I Love Bama
Gotcha. Did you know you can also actually subscribe to a GovWin Service that activity tracks existing contracts, values, and contract holders which is forecasting upcoming contracts ahead of them coming out on SAM.GOV?
Posted on 8/21/24 at 8:49 am to I Love Bama
quote:
Anyone on this board has an open invitation.
tell me more
Posted on 8/21/24 at 9:54 am to SDVTiger
quote:
This is really incredible coming from you
The rest of your rant was just typical stupid Bard
I'll remind you of that when we get only a .25 cut in September.
Speaking of reminding, what have you been talking about when referring to me posting my "chart"? Did you gloss over my asking for a link to whatever it is you mean by that or are you purposely avoiding the question?
This post was edited on 8/21/24 at 10:23 am
Posted on 8/21/24 at 11:21 am to Tarps99
quote:
Still a far cry from the peak in the late 2000’s.
You claimed offshore was drying up now. That was a lie.
Posted on 8/21/24 at 2:28 pm to minister of truth
quote:
stock market /= the economy
Kind of ironic today. The headlines are literally that rates are going to get cut because the jobs market is SO bad... Stocks up across the board!
Posted on 8/21/24 at 3:36 pm to Kingpenm3
quote:It seems like good news either being good news vs bad news changes by the day. The market got rocked after that bad job report a couple of weeks ago. Then they say “actually all of the jobs reports were trash and everything is way worse than previously reported” and the market rallies.
Kind of ironic today. The headlines are literally that rates are going to get cut because the jobs market is SO bad... Stocks up across the board!
Makes you wonder if we have a developing stagflation problem and just aren’t admitting it.
This post was edited on 8/21/24 at 3:38 pm
Posted on 8/21/24 at 11:48 pm to Kingpenm3
quote:
Kind of ironic today. The headlines are literally that rates are going to get cut because the jobs market is SO bad... Stocks up across the board!
They’re current rates because the job market is slowing, not that it’s so bad. There is room to cut rates because they’re quite restrictive by traditional measures, and inflation has cooled off enough to give them the room.
People around here really struggle with “complex” ideas like slowing inflation vs deflation, a slowing economy vs recession, a slowing job market vs job losses, etc.
Posted on 8/22/24 at 6:09 am to TexasTiger34
quote:
Did you know you can also actually subscribe to a GovWin Service that activity tracks existing contracts, values, and contract holders which is forecasting upcoming contracts ahead of them coming out on SAM.GOV?
Correct me if I am wrong, but these services just scrape and organize from sam.gov.
If not, where are they getting their information?
Posted on 8/22/24 at 6:14 am to I Love Bama
Jobs that never were
This post was edited on 8/22/24 at 6:16 am
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