Yes, this is a bubble. No, it's not the 90s again

[Soxfanguy]

Originally Posted by quackhead

Not here in lovely CA. People are not going back to work because they are making more on unemployment, than actually working.

Some states have decided that it’s better to have everyone stay at home and not work forever for some reason.

It’s a shame

[RiceBondsMT2Yng]

Originally Posted by quackhead

Not here in lovely CA. People are not going back to work because they are making more on unemployment, than actually working.

…which is an indictment on wages these days. You’re not exactly swimming in dough, even with a full year of souped up unemployment, that’s $33k a year for doing nothing. Or you can make $29k a year working a dead-end job as a part time hire at GAP folding khakis and tshirts all day, but you still get called in last minute for OT to finish with a 40hr week. That way they don’t have to pay you benefits.

Poverty line for a family of 4 is $28k nationwide. It’s more expensive in Cali than the average spot in the US. Free money or no, you’re barely hanging on supporting a family.

Meanwhile Bezos paid NO taxes in 2007 and 2011. His true tax rate is less than 1% of his income (https://www.foxnews.com/politics/mcc...tax-disclosure) and I hear people crying here about free government money? Bezos pays his Amazon workers, you don’t have to work for him for free.

Broke mofos spend their money on food, drink, maybe some cards, and most of that gets taxed. Yeah taxes. You know, where your clean water and air and food and drug safety and parks come from?

Just stop. NFTs and cards worth millions. No amount of 2021 stimulus can explain that. Try the rich folks stimulus thats been going for the last 40 years. And here you have people fighting about canceling this, race that, transgender this, free government cheese that. It’s all BS on both sides and really only one group benefits, and their only color is green.

[oldgoldy97]

Originally Posted by RiceBondsMT2Yng

…which is an indictment on wages these days. You’re not exactly swimming in dough, even with a full year of souped up unemployment, that’s $33k a year for doing nothing. Or you can make $29k a year working a dead-end job as a part time hire at GAP folding khakis and tshirts all day, but you still get called in last minute for OT to finish with a 40hr week. That way they don’t have to pay you benefits.

Poverty line for a family of 4 is $28k nationwide. It’s more expensive in Cali than the average spot in the US. Free money or no, you’re barely hanging on supporting a family.

Meanwhile Bezos paid NO taxes in 2007 and 2011. His true tax rate is less than 1% of his income (https://www.foxnews.com/politics/mcc...tax-disclosure) and I hear people crying here about free government money? Bezos pays his Amazon workers, you don’t have to work for him for free.

Broke mofos spend their money on food, drink, maybe some cards, and most of that gets taxed. Yeah taxes. You know, where your clean water and air and food and drug safety and parks come from?

Just stop. NFTs and cards worth millions. No amount of 2021 stimulus can explain that. Try the rich folks stimulus thats been going for the last 40 years. And here you have people fighting about canceling this, race that, transgender this, free government cheese that. It’s all BS on both sides and really only one group benefits, and their only color is green.

How do you really feel?

[discostu]

Yes, it's certainly the unemployed that drove up the market.

[KhalDrogo]

Originally Posted by RiceBondsMT2Yng

Meanwhile Bezos paid NO taxes in 2007 and 2011. His true tax rate is less than 1% of his income (https://www.foxnews.com/politics/mcc...tax-disclosure) and I hear people crying here about free government money? Bezos pays his Amazon workers, you don’t have to work for him for free.

You don’t even know what a true tax rate is. Probably should look it up before your next diatribe. Would you be willing to pay taxes on unrealized gains you had in the stock market?

[detroitbball]

Originally Posted by redsoxking94

I have no idea who is currently printing more the fed or topps, but my bet is on topps

This is my concern. Getting back to the original OP point of discussion on whether or not this is a repeat of the 90's, I'm fearful of that. In the junk wax era, between all the various producers, the total number of cards of any particular players was probably in the 2-8 million range. Now Topps is encroaching on the bottom end of that range with their print runs this year. I think for 2021, Series 1 all by itself is about 750,000 copies of each card. Add all the other stuff in and its a LOT of cards. The combination of people exiting the hobby and Topps running the presses just doesn't feel like a good thing.

[pewe]

Originally Posted by oplum29

we can't ignore the media coverage on the card boom, that's lead to even more new collectors being added to the hobby too!

It’s not clear that this added collectors… “investors”? Sure… but probably not collectors

And those “investors” seem to be fleeing for the hills, now, after being burned


Sent from my iPhone using Tapatalk

[MoreToppsPlease]

Originally Posted by detroitbball

This is my concern. Getting back to the original OP point of discussion on whether or not this is a repeat of the 90's, I'm fearful of that. In the junk wax era, between all the various producers, the total number of cards of any particular players was probably in the 2-8 million range. Now Topps is encroaching on the bottom end of that range with their print runs this year. I think for 2021, Series 1 all by itself is about 750,000 copies of each card. Add all the other stuff in and its a LOT of cards. The combination of people exiting the hobby and Topps running the presses just doesn't feel like a good thing.

Why? Anyone should be able to get cards now.

This is in contrast to before where flippers drove up prices and nobody was able to get cards.

[ken161]

Originally Posted by MoreToppsPlease

Why? Anyone should be able to get cards now.

This is in contrast to before where flippers drove up prices and nobody was able to get cards.

I agree. I'll take 87 Topps any day of the week over $2000 boxes. BTW, I don't see a return to the junk wax era but it seems a "market correction" is coming, which is a good thing.

[k13]

Originally Posted by MoreToppsPlease

Why? Anyone should be able to get cards now.

This is in contrast to before where flippers drove up prices and nobody was able to get cards.

Flippers never cared about baseball much and even less now.

Why should anyone get cards?

Having cards that anyone can find in a cereal box is exciting for most of us.

[BaseballKing]

Originally Posted by quackhead

Not here in lovely CA. People are not going back to work because they are making more on unemployment, than actually working.

I think it's fair to say that those payments had to be phased out earlier. You can't blame someone for deciding to stay at home if they are financially better off.

[thenightman]

Originally Posted by RiceBondsMT2Yng

…which is an indictment on wages these days. You’re not exactly swimming in dough, even with a full year of souped up unemployment, that’s $33k a year for doing nothing. Or you can make $29k a year working a dead-end job as a part time hire at GAP folding khakis and tshirts all day, but you still get called in last minute for OT to finish with a 40hr week. That way they don’t have to pay you benefits.

That's more an indictment of the education system or you can go further and say an indictment of our political leaders. "Wages these days" is very low on the list of things that should be indicted for what's happening today.

[thenightman]

Originally Posted by KhalDrogo

You don’t even know what a true tax rate is. Probably should look it up before your next diatribe. Would you be willing to pay taxes on unrealized gains you had in the stock market?

People who don't invest in the stock market and don't take ownership in doing their own taxes personally surprisingly have zero understanding of our economic system.

To say that taxing stock holders on unrealized gains would collapse the entire economy would be an understatement. So anyone arguing for such a thing is either really dumb or really nefarious.

/rant

[quackhead]

Originally Posted by Soxfanguy

Some states have decided that it’s better to have everyone stay at home and not work forever for some reason.

It’s a shame

Its sad. We're trying to rebuild an economy and businesses are suffering once again, because they cannot find workers to fill the jobs to keep their businesses going.

Also not paying $4-$5 a gallon for gas to go to and from work gives more disposable income to buy more Tatis cards

[quackhead]

Originally Posted by BaseballKing

I think it's fair to say that those payments had to be phased out earlier. You can't blame someone for deciding to stay at home if they are financially better off.

But that creates laziness and doesn't look good for future employers.

[BaseballKing]

Originally Posted by quackhead

But that creates laziness and doesn't look good for future employers.

I totally agree that it's a bad thing but only an idiot would decide to put themselves in a position where less money is coming in. The policy was helpful for a short time but it has gone on way too long in certain places it seems.

In Australia we were very lucky with the effects of covid. The unemployment payments were double what they would normally be but they were tapered down after three months and effectively stopped altogether at the end of last year( the unemployed continued to get an extra $40 per week from Christmas to March this year when the payments were stopped altogether)

The federal government was rightly concerned about the effect ongoing payments would have for the mentality of jobseekers. Our hospitality industry is struggling to fill vacancies but that is mostly due to our international borders being shut so there aren't as many overseas workers who would normally fill many of those roles.

[Soxfanguy]

Originally Posted by quackhead

Its sad. We're trying to rebuild an economy and businesses are suffering once again, because they cannot find workers to fill the jobs to keep their businesses going.

Also not paying $4-$5 a gallon for gas to go to and from work gives more disposable income to buy more Tatis cards

The economy cannot recover until these payments end in September. States have thrown a summer of recovery down the drain.

I don’t expect growth until after

[MoreToppsPlease]

Originally Posted by k13

Flippers never cared about baseball much and even less now.

Why should anyone get cards?

Having cards that anyone can find in a cereal box is exciting for most of us.

Love those logo-less cereal box cards!

[base set]

If cards appear in cereal boxes wouldn’t that be the 70s again?

[fabiani12333]

Originally Posted by Soxfanguy

The economy cannot recover until these payments end in September. States have thrown a summer of recovery down the drain.

I don’t expect growth until after

California's labor force — the number of people who have jobs or are looking for them — increased by about 12,400 people in May, to 18.9 million. That's still below the pre-pandemic high of 19.5 million people.

On Thursday, state officials announced they would no longer give unemployment benefits to people who are not actively looking for work, starting on July 11. California had suspended that requirement during the pandemic.

About 2 million people are still receiving unemployment benefits in California. That includes an additional $300 per week that Congress approved because of the pandemic. That extra money is set to expire in September.

"We will see more people joining the labor force," said Sung Won Sohn, a professor of finance and economics at Loyola Marymount University. "The outlook is pretty good."

https://www.kcra.com/article/califor...-jobs/36767662

[Chiefnocahoma]

Will people blame child tax credit that starts mid July for the “Bubble”?

Still can’t easily find retail, so that end isn’t slowing down.

[Soxfanguy]

Originally Posted by fabiani12333

https://www.kcra.com/article/califor...-jobs/36767662

It’s a start, but still isn’t enough. Reminds me when George Costanza told the unemployment office he working for Vandelay Industries

[panamamyers]

The stimulus definitely contributed a great deal to this. To think otherwise is crazy.
My family pulls in a good upper middle class living, and i spent all of the stimulus on cards.
Every last cent.
Bought me quite a few tatis, acuna and sotos.

[katho]

Originally Posted by Soxfanguy

Some states have decided that it’s better to have everyone stay at home and not work forever for some reason.

It’s a shame

None of this matters anyways...Why do you think the government is handing out so much money and letting people do what they want?Its because were all gonna die in about 10 years or less..theres a comet or some other natural disaster coming,thats going to wipe us out and the government is covering it up!!!

[SaltyCracker]

Originally Posted by katho

None of this matters anyways...Why do you think the government is handing out so much money and letting people do what they want?Its because were all gonna die in about 10 years or less..theres a comet or some other natural disaster coming,thats going to wipe us out and the government is covering it up!!!

This is exactly why I think Wander will be included in update.