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Message started by justin_o_guy2 on 11/07/16 at 16:01:22

Title: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/07/16 at 16:01:22

http://cnsnews.com/news/article/terence-p-jeffrey/government-workers-now-outnumber-manufacturing-workers-9977000

It's what recovery looks like.
Put Hillary in. She'll Fixitt.
She's Change, she's Fresh ideas.
She's NOT a continuance of Obama.

Title: Re: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/07/16 at 18:02:02

Ha! Not even enough guts to LOOK at what I have..

Title: Re: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/07/16 at 19:21:48

The Cricket Chorus is singing at full song.

Title: Re: Yeah, economic recovery,,
Post by LostArtist on 11/07/16 at 19:32:17

wow! just wow! your ego really is in overdrive huh?

and I don't need to look at it, cns news, yeah, they aren't biased, they don't have any agenda... ::)

Title: Re: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/07/16 at 19:55:49

I'll wait for CNN to tell you.

Title: Re: Yeah, economic recovery,,
Post by Paraquat on 11/11/16 at 11:08:00

An engineer I know once reminded me that prices are controlled by manufacturing.

I believe referencing "...who controls the process of production, makes a profit."

--Steve

Title: Re: Yeah, economic recovery,,
Post by LostArtist on 11/11/16 at 11:19:41

5D6C7F6C7C786C790D0 wrote:

An engineer I know once reminded me that prices are controlled by manufacturing.

I believe referencing "...who controls the process of production, makes a profit."

--Steve

he lied, prices are not controlled by manufacturing, pricing is created by marketing, pricing is often very, very fictional, it might start with manufacturing, but marketing sets it in the end.

Title: Re: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/11/16 at 11:29:46

In a sense, price is controlled by manufacturing.
In a market that has high demand and too little supply, prices rise and vise versa. It's true of any product, service or commodity. Over production beats down prices.
Oil glut? Diminished demand? Price drops.. No amount of marketing will change it.
Labor is tied to the same economic law, barring false influences, like a minimum wage.

Now, LA, I've laid it out.

When you disagree, You lay out why I'm wrong.

Title: Re: Yeah, economic recovery,,
Post by LostArtist on 11/11/16 at 11:51:36

716E686F72754474447C6E62291B0 wrote:

Explain diamonds, there IS NOT a shortage of diamonds in the world. a Marketing decision was made by the 2 or 3 companies that control the diamond supply to horde diamonds so that they can argue the price should go up, and on top of that, they marketed them as a sign of true love and that inflated the price, and then the marketed them as "investments" and the price goes up

also, show me ONE product where the marketing department doesn't set the price, it's not set by the factory manager.

explain how the iphone only cost Apple $219.80 in components, with manufacturing adding another $5 to the price and it sells for $700

Explain Tesla, they haven't made a profit yet, selling everything at a loss, that's a marketing decision, not manufacturing

your economics 101 is fine, but it's 101, that's the ENTRY level to economics, after that it gets complicated.

we are talking PRICES, price is set by marketing, setting to a price point, to a perceived value, ever hear of mark up, that's how a $5 shirt goes on sale at JC Penny's for $35, then is "marked down" to $25.

prices are fictional, sure the lower the manufacturing costs the better, cause that increases PROFITS, but that may or may not decrease PRICES.

Title: Re: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/11/16 at 18:31:57

You didn't SAY
The Marketing department of the corporation.
Screw it. Communicate complete thoughts.
Marketing
To most people
Is
Advertising campaigns.

You're wrong as CRAP and I don't see how explaining another thing to you will be worth the effort.
Read what I said.
Listen to the interviews,
C o me back, I'll try to educate you.

Go back and use MY EXAMPLES.
You made a statement, I demonstrated where it fails.
Deal with it.
Ohhh, wait, change the subject,,
Handle it or concede.

Title: Re: Yeah, economic recovery,,
Post by LostArtist on 11/11/16 at 20:05:50

56494F4855526353635B49450E3C0 wrote:

it's not my fault you can't follow a conversation. I replied to Paraquat, who was talking about prices. and prices, almost ALL prices are fictional constructions by marketing forces, not just a department, of some kind.

I made a statement, you cherry picked your examples to try to demonstrate where it failed, I came back cherry picking even MORE examples proving my statement. and notice, I never said you were wrong, I said you were only understanding the complexities of this at an entry level understanding. yes, production does effect price, but it's really become almost a secondary concern for price. if you just want to go that far, fine, but don't try to "educate" me about sh!t after that.

my Diamond example is a direct response to your "over produce a product and the price goes down" diamonds are highly over produced and they are one of the most expensive products out there. Proving that poduction doesn't necessarily effect price the way you'd think it does.

now your example, OIL, is ONE of ONLY A FEW products, where the supply and demand curve and production cost really do, more or less, dictate price, but that's really only true with inelastic products, where the demand is really NOT affected by price, BUT, even then, there's marketing, Shell gas is more than Valero gas, and Exxon is more than Kroger gas and Chevron gas is more than Walmart/Murphy's gas, so even THERE, there's some marketing cost factored in, the brand names of gas market that they have more cleaners or whatever else in their gas which allows them to JUSTIFY a price increase over generic gas. And limiting me to YOUR examples, you know, the ones YOU CHERRY picked to prove you point, the exceptions that make the rule, yeah, that's how you want it huh? stuck in your limited reality.

oh, and I'm not just talking about individual marketing departments, marketing in general affects prices overall, Samsung didn't have to have their marketing department set the price of their phones, if they want to compete with Apple, Apple set the price, then Samsung copies it so they can be perceived as an equal product.

and you're one to talk about "Communicate complete thoughts" some of the time you're too busy mocking something in that "uneducated" spelling crap you use that I can barely decipher what the heck the words you are typing are supposed to be.

and YOU KNOW I'M RIGHT. it's not my fault you don't know what Marketing is, and the advertising is only a SMALL part of marketing.

to give you another chance, look up elastic and inelastic products

Title: Re: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/12/16 at 03:38:51

That's the best post you ever made.
Diamonds are a cartel controlled market. Warehouses full of diamonds won't drop the price, not because it shouldnt, but because of the way they are allowed to be made available for sale.

Title: Re: Yeah, economic recovery,,
Post by WebsterMark on 11/12/16 at 06:22:56

Prices are ultimately set by the marketplace (minus a certain level of government intervention sometimes, ie. milk, wheat)

Perfect example from reality: My company just released a new product. This product (we hope) is a game changer in my industry. I was asked by my boss as were other segment manages like myself, given this product's performance features, what would our market's pay. We all came up with a number. We knew our cost, that's manufacturing's contribution. But all that does is give us a starting point. So yes, in step one, marketing sets the price.

However, if this product cannot capture market share, the price will come down to a point acceptable by the market. So in that sense, the market sets the price.

An important note, in some cases, sales price is a marketing tool itself. If you've noticed, the Yeti products carry a high price and all the same price regardless of where they are sold, with a few exceptions. This was a marketing decision to help push the idea these Yeti products are unique, exceptional and if you were "somebody " you have to have one. $399 for a cooler seems ridiculous, but they sold a crap load of them.

I've noticed the 12oz tumblers dropped from $29 to $24 recently. That tells me the sales have slowed down, there's a glut of inventory so now they see the technique to entice buyers with price is fading. Prices will begin falling now. The market eventually set the price.

Another note; Yeti could reject the market's definition of the correct selling price. They may pull supply of the product off shelves and simply wait the market out or create a false short supply situation so prices remain high.

One interesting piece of advice I was given in economics is the only real law in economics is supply and demand. Everything else is subject to interpretation.

Title: Re: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/12/16 at 07:08:45

G'paw had a country store. He bought a small display stand with
around 16 quarts of oil. It was CHEAP oil, oddball brand. Sat for a coupla months.
One day he unloads it, hauls the whole thing to the back of the feed storage. A few months later, he drags it out, puts a
I cost so much I Must be good
price on it.. It was all sold out in a short while.

Title: Re: Yeah, economic recovery,,
Post by raydawg on 11/12/16 at 08:10:05

Lost A and his bro, Lost B, decided to go into business, as they worried Trump might follow through on something, like cutting welfare of able bodies....
So, they gassed up their old studebaker pick-up, drove to El Paso to buy some watermelon grown in Cuidad Juarez......

Him and his bro were savvy, they knew they could take advantage of these ignorant mexican farmers who grow up in poverty and no access to good schools, like they did.
They formulated a plan to confuse the farmer, over pricing of his watermelons.
When the ignorant mexican peasant farmer said he wanted a dollar each, for his melons, they countered with, "We'll give you only 10 bucks, for 10 melons!"
The farmer scratched his head and agreed....
They loaded their truck to the max, took off, and popped a warm beer to celebrate their savvy business skills.

They got back to their neck o' the woods, setting up on a busy intersection to sell their watermelons from the back of the truck.....

They quickly sold out.

They celebrated with the last warm beer of the case before they got down to counting their winnings and devising another enterprise.

They counted their money, $300 hundred dollars.
They were very gleeful, but sadden the beer was gone to celebrate....
Ok, they said, but we need to figger out profit, the savvy duo decided.

They started out with 300 melons, sold them all, but only had $300.00 to show for their effort, and they haven't even factored in gas in the truck yet?

Beerless they pondered until Lost A shared with Lost B, I think I have figgered it out.

We need to buy a bigger truck.

Title: Re: Yeah, economic recovery,,
Post by Papa Bear on 11/12/16 at 08:11:06

To many folks "economic recovery" means getting a fresh new credit card.

I stared really hard at this and can't seem to see the "recovery" part.
http://www.usdebtclock.org/

I guess it's like any addiction ... you just gotta hit bottom before you're ready to change.

Title: Re: Yeah, economic recovery,,
Post by MnSpring on 11/13/16 at 17:33:45

5774686F5A696F72686F1B0 wrote:

" ... diamonds are highly over produced and they are one of the most expensive products out there. .., "

Title: Re: Yeah, economic recovery,,
Post by justin_o_guy2 on 11/14/16 at 00:02:00

If he doesn't do the mental gymnastics to keep pretending that I am stupid then he would have to admit I am right about enough to have to pay attention. He is threatened by that.

Title: Re: Yeah, economic recovery,,
Post by LostArtist on 11/14/16 at 12:47:20

7D5E634042595E57300 wrote:

[quote author=5774686F5A696F72686F1B0 link=1478563282/0#10 date=1478923550]" ... diamonds are highly over produced and they are one of the most expensive products out there. .., "

Diamonds, etc.

Can you look at, BOTH Sides. ?

First: Diamonds, (gems/gold/silver/etc), in a Jewelry store.
Is a 70 -80% Mark up.
(You pay, $1,000.00 for a piece, the Store paid, $200.00 - $300.00 for it)

OMG, Outrageous, Obscene, ‘We gotta FIX’, the Money Hungry People !!!!!!!!!

Second: That Jewelry Store, has 1,000's of pieces,
They Bought and Paid For, (or Borrowed the money, and are Paying for the Money)
They have a Very nice, ’shop’. (What do they pay for rent ?)
They have several fixtures, showcases, safes. (What did they pay for them ?)
They have Several Employees. (What do they Pay them ?)
They buy Advertising, Insurance, pay, heat, light, etc etc etc)

Now, here is the, ‘Catch’.

YOU CHOOSE, to buy that, ‘Diamond”
CHOOSE TO, NOT FORCED !!!!!!!

Dos ya get it ?
[/quote]

what the hell does that have to do with ANYTHING???

again, I ask for focus.

notice I never said anything about FIXING anyting, no price setting or governmental controls over any of anything, but thanks for assuming that.

I really wish you'd quit putting every negative aspect of anything possible on me and actually read and comprehend and respond to what I ACTUALLY SAID.

I've never assumed you were racist, I've never assumed you were a mysoginist, I've never assumed you were greedy, I've never cast any of that on you, don't put your assumptions on me, I know, I have assumed you're and idiot, and so far, I gotta say, you aren't helping your case any

Title: Re: Yeah, economic recovery,,
Post by LostArtist on 11/14/16 at 12:50:09

455A5C5B4641704070485A561D2F0 wrote:

If he doesn't do the mental gymnastics to keep pretending that I am stupid then he would have to admit I am right about enough to have to pay attention. He is threatened by that.

JOG,

you aren't stupid, you're insanely miss-informed and it's very clear that you like to push your agenda of various conspiracy theories, sure some are entertaining, but when they are driven by fear and anger and hate, that's when you gotta back up, cause instead of spreading information, misguiding as it is, you end up spreading fear, anger and hate. and that truly sad for everyone.