Monday, October 28, 2013

Lettuce Prey

Click to enlarge.

Let us pray that the wages of production and nonsupervisory manufacturing workers will finally be able to keep up with the price of lettuce over the long-term.

Click to enlarge.

Let us also pray that the remaining 12 million manufacturing employees (down from nearly 20 million in the late 1970s) will not soon be replaced by even more automated systems and outsourcing.

And lastly, let us pray that SNAP benefits will be cut for all participants in November 2013. May this new era of American manufacturing employment provide all that we could possibly ever want or need and may we remain recession-free well into the distant future.

In Ted Cruz' name we pray. Amen.

October 26, 2013
How Washington’s “Crucifixion” Of Ted Cruz Made Him A Tea Party Saint In Iowa

DES MOINES, Iowa — As an audience of 600 Republicans awaited the arrival of Sen. Ted Cruz Friday night at the Iowa Events Center, conservative Christian activist Steve Scheffler came to the podium to give thanks to God for the Tea Party savior — and plead for more principled conservative leaders like him willing to “be crucified for their belief system.”

The ballroom full of amens that followed went a long way toward explaining why Cruz — fresh off a failed crusade to dismantle Obamacare that resulted in a 16-day government shutdown and a political disaster for his party — has been greeted with such adoration by Tea Party crowds in recent days.

Source Data:
BLS: CPI Database
St. Louis Fed: Average Hourly Earnings of Production and Nonsupervisory Employees: Manufacturing
St. Louis Fed: All Employees: Manufacturing


Stagflationary Mark said...

Every day can be pun day if you put your mind to it.

Not saying if that's a good thing or a bad thing. :)

Mr Slippery said...

I tried to think of a better pun than "lettuce prey", but I couldn't beet it. Your vegetable puns are solid gold, 24 carrot.

Stagflationary Mark said...

Mr Slippery,

I sometimes go bananas squashing hopes and dreams on this blog, but it's hard to cut the mustard once all the puns leek out.

Some say the economy's about to spring ahead, but I say it's starting to fall behind and it will be difficult to ketchup. With interest rates so low, we can't count on getting rich off savings time. Have to earn it.

Mustard and ketchup are good, but I would relish the opportunity to post condo mints in general. It's just that many are underwater and moorage rates have risen. Mint condition is therefore a broken pipe dream.

mab said...

Mark, Mr. Slippery,

You guys "produce" some good puns!

Stagflationary Mark said...


I'd suggest you risk spoiling us, but it's shelf half-life over quality. This week's hottest item! See our in-store flier for irradiated cornish barn swallows. What canned go wrong, will go wrong. When it comes to aviaries though, too wronged makes a Wright.

Don't forget our "Privates Selection" label. We maximized the buy products by adding mole meat groin flowers. It's not just the can that's easy to kick. Contents too! It might not sound like it, but it's a grate gift idea for those on a diet. Know pain, no gain.

Good puns require a Sirius business model. It takes more than weakly prophets to be successful. The best organic stars are bourne all natural. It's their legacy. Gotta be willing to go to the Matt for supremacy.

Sustainable Gains said...

Does the Fed need someone who understands bubbles?

Also, can we find a vegetable pun that takes advantage of central bank jargon such as "juncture", "exuberance", "inflation" or "substantial improvement"? :)

Can we do a plot of job creation vs. Federal Reserve quantitative easing? Or maybe the inverse - How many $$ per job are we talking about?

Stagflationary Mark said...

Sustainable Gains,

From your first link:

Intro econ and third grade arithmetic were pretty much adequate for the job.

A PhD in Economics pretty much Sears the deal.

Also, can we find a vegetable pun that takes advantage of central bank jargon such as "juncture", "exuberance", "inflation" or "substantial improvement"? :)

There is no "ex-tuberance" as long as long as there is an adequate potato supply. "Inflammation" of the prices is only natural after a prolonged illness. It can be treated with more of the same. Money printing has created an "imsubstantial provement" in our ability to create more potato growth, but we still believe the theory is sound. Much of the excess potato growth is "junk, sure". Just cut that rot off and the rest is mostly good.

Can we do a plot of job creation vs. Federal Reserve quantitative easing? Or maybe the inverse - How many $$ per job are we talking about?

Seriously? Are you a gluten for punishment? ;)

Stagflationary Mark said...

Let's go with the monetary base.

Roughly $2.7 trillion added since the recession started in December 2007.

Roughly 2 million payroll jobs LOST since the recession started in December 2007.

It's been nearly 6 years. Negative $1.35 million per job?

Perhaps I better find a better starting point for the math, lol. Sigh.