Lags discussion is interesting, but aren't lags relevant context a competitive market for Jobs? Shouldn't higher productivity cap wages? Government Jobs = FAT Salaries, FAT Benefits, Full Time (some would say Lifetime.) HealthCare (Cartel w/same FAT indicator,) HealthCare Insurer (Cartel w/same FAT indicator.) Big Tech (Cartel/FAT) etc..etc..Add Government Transfers and Defense (1.19) return and Shadow Government Payroll (paid cash but qualifying for Benefits w/out paying income tax.) Correlation to spend = 1. Is FED pushing against a String? Interest rate policy is a Blunt Object. Assets like CRE (and Banks financing CRE) subject to Friendly Fire Casualties. Will the NYCB's subject to Consolidation to Spread the Risk? Disagree with Esther. NYCB is no longer a regional. Newly Minted TBTF. Who refinances current CRE Fixed when deposit costs are 5.0. Good discussion, but those CRE loans are going to end up on the FED's Balance Sheet post March 11...
Thanks for this. Why should higher productivity cap wages? Doesn't higher productivity mean that workers are earning their higher wages in the sense of producing more output in same amount of time which makes companies' cost of producing each unit lower?
Re Government jobs - are saying they have good salaries, benefits, etc and this gives govt workers more money to spend? Your reference to pushing on a string -- do you mean that with consumers having money to spend, blunt tool like hiking rates won't stop them from doing that? "Blunt too" - that is always true, for sure . Re NYCB, CRE, etc I am lining up a couple of good guests to discuss that in depth.
+1 Productivity is an offset. Example: If a Mortgage Broker’s ability to Disclose electronically at the point of sale moves Loans Funded per Non Sales FTE from 20 to 40, the aggregator replaces data entry with Pipeline Managers. Fewer FTE’s and flexible capacity. I use the term Cartel and Fat for Govt / Healthcare or other “Opoly” jobs.
One need only look at the median income for Arlington VA vs Cleveland to recognize Govt scale. Hope that makes sense. Look forward to the next likely NPA classification.
Lags discussion is interesting, but aren't lags relevant context a competitive market for Jobs? Shouldn't higher productivity cap wages? Government Jobs = FAT Salaries, FAT Benefits, Full Time (some would say Lifetime.) HealthCare (Cartel w/same FAT indicator,) HealthCare Insurer (Cartel w/same FAT indicator.) Big Tech (Cartel/FAT) etc..etc..Add Government Transfers and Defense (1.19) return and Shadow Government Payroll (paid cash but qualifying for Benefits w/out paying income tax.) Correlation to spend = 1. Is FED pushing against a String? Interest rate policy is a Blunt Object. Assets like CRE (and Banks financing CRE) subject to Friendly Fire Casualties. Will the NYCB's subject to Consolidation to Spread the Risk? Disagree with Esther. NYCB is no longer a regional. Newly Minted TBTF. Who refinances current CRE Fixed when deposit costs are 5.0. Good discussion, but those CRE loans are going to end up on the FED's Balance Sheet post March 11...
Thanks for this. Why should higher productivity cap wages? Doesn't higher productivity mean that workers are earning their higher wages in the sense of producing more output in same amount of time which makes companies' cost of producing each unit lower?
Re Government jobs - are saying they have good salaries, benefits, etc and this gives govt workers more money to spend? Your reference to pushing on a string -- do you mean that with consumers having money to spend, blunt tool like hiking rates won't stop them from doing that? "Blunt too" - that is always true, for sure . Re NYCB, CRE, etc I am lining up a couple of good guests to discuss that in depth.
K.
+1 Productivity is an offset. Example: If a Mortgage Broker’s ability to Disclose electronically at the point of sale moves Loans Funded per Non Sales FTE from 20 to 40, the aggregator replaces data entry with Pipeline Managers. Fewer FTE’s and flexible capacity. I use the term Cartel and Fat for Govt / Healthcare or other “Opoly” jobs.
One need only look at the median income for Arlington VA vs Cleveland to recognize Govt scale. Hope that makes sense. Look forward to the next likely NPA classification.