ColonelDimak posted:

The impression I'm getting from the latest economic news is that the geographic advantage of the US has been turned against it. Meanwhile, China's and EMEA's investment in land based trade routes will reduce international reliance on the US navy.

We've got lots of issues at home with inflation/inequality/domestic terrorism and how all this will combine and impact US politics doesn't seem fun.

Anyone else getting similar vibes?

Centrist Committee posted:

you fuckin dorks what do you think last summer was

Casey Finnigan posted:

So if I understand quantitative easing right, the fed has been continuously creating new money since the housing crisis and using it to buy up lovely assets from the banks and the financial sector? With the end result that if you lose money on an asset, the fed will just create new money and buy it back from you?

gradenko_2000 posted:

https://twitter.com/SawyerHackett/status/1418553834637516801

gradenko_2000 posted:

https://twitter.com/SawyerHackett/status/1418553834637516801

Centrist Committee posted:

you fuckin dorks what do you think last summer was

Mirthless posted:

lmao "covid will spike" like covid would be on even our top 100 national worries if 7-8 million people were suddenly homeless

here's hoping the landlords can "self regulate" on this one or number gonna have a bad year

we have less than a million homeless people nationwide right now, so consider what a "homeless crisis" looks like right now in your town and imagine it being 10-12 times bigger

the moratorium on evictions, without extensive relief or broad reforms, was essentially us setting a time delay on a bomb in our living rooms, there's people who are like $10k+ in debt now on back rent, it's never gonna get paid back

this poo poo is giving me chills, all the little sub-economies seem to be shuddering and the analysts who get on TV and talk about money only say dumb things that don't make sense, I feel like I stepped back in time fifteen years and I'm listening to the mad money guy tell me real estate is just a little volatile right now

Glumwheels posted:

The banks are gonna sit on all that inventory to keep housing prices high but rent should fall

fits my needs posted:

if those people try hard maybe they can land a better job? thought about that?

Mirthless posted:

not likely, at least for a while. a lot of apartment management companies are on the verge of bankruptcy right now, so there's probably going to be a gigantic inventory shift and then massive renovations projections to repair neglected units, which is all going to cost a ton of money, which will then be reflected in rents. On top of that, hundreds of thousands to millions of people all looking for somewhere to rent in a hurry will do obscene things to rents in places without controls

the eviction moratorium was a terrible solution to the problem of "how am i going to pay rent" because it does not answer the question, it just makes it so the landlord can't do anything about you not having an answer

i mean, gently caress the landlord, to be clear, but if the landlord is obligated to make repairs and pay employees etc out of the rental fees, eventually the rental company starts running into the same situation you're running into: "I have all these bills, and no money to pay them with, and yet they keep piling up". While all these landlords were not able to evict their tenants or collect rent, the city was still charging them for water bills, still charging them for gas, still charging them for city services and state taxes and federal taxes and fees etc etc. And, again, to be absolutely clear, gently caress landlords, but our whole renting economy is based around this stupid relationship between landlord and tenant and government and the government's refusal to help people OR let landlords landlord is a perfect example of the kind of lovely compromise our two party system yields us time and time and time again

One of the shittiest gigantic slum complexes in our city wasn't getting rent from a huge portion of their tenants because they were one of the cheapest places to rent in town. But, uh, they also happened to be on prime real estate. They've been trying to jack their rents up for years but they're a 100-unit complex so they're big enough and notorious enough that their reputation alone is what dictates the value of the real estate they operate, basically. As long as people were paying rent on time they couldn't easily kick them out, but without evicting most of the residents they couldn't successfully rebrand. Covid-19 was a great opportunity for them: when they stopped collecting rent, they stopped repairing buildings and paying the water bill. The department of health managed to beat out the eviction moratorium but they wouldn't have been able to get away with this poo poo in the first place if the government had just subsidized rents for a year

ColonelDimak posted:

The impression I'm getting from the latest economic news is that the geographic advantage of the US has been turned against it. Meanwhile, China's and EMEA's investment in land based trade routes will reduce international reliance on the US navy.

Popoto posted:

yeah because the solution is communism (ie: the state waves off having to pay for water, electricity, land, so that people might stay without having to pay for a roof. basically nationalized housing. so of course this isn’t going to happen. )

ColonelDimak posted:

The impression I'm getting from the latest economic news is that the geographic advantage of the US has been turned against it. Meanwhile, China's and EMEA's investment in land based trade routes will reduce international reliance on the US navy.

We've got lots of issues at home with inflation/inequality/domestic terrorism and how all this will combine and impact US politics doesn't seem fun.

Anyone else getting similar vibes?

Popoto posted:

yeah because the solution is communism (ie: the state waves off having to pay for water, electricity, land, so that people might stay without having to pay for a roof. basically nationalized housing. so of course this isn’t going to happen. )

a few DRUNK BONERS posted:

an astroturfed color revolution by the dnc to delegitimize and overthrow the trump regime

Lostconfused posted:

Trump needs to do a thorough purge if he wants to come back in 2024.

Mirthless posted:

I cannot imagine Trump maintaining his interest in politics through 2024 at this point

he's barely holding on now and it's only july 2021

taking his social media accounts from him really hosed him up, lol

Lostconfused posted:

It was a party coup, the rest of the GOP didn't back Trump and decided it was better to let Biden get beat up by the continuing pandemic.

Trump needs to do a thorough purge if he wants to come back in 2024.

Rutibex posted:

trump never had an interest in politics he had in interest in twitter

Mirthless posted:

I cannot imagine Trump maintaining his interest in politics through 2024 at this point

he's barely holding on now and it's only july 2021

taking his social media accounts from him really hosed him up, lol

gradenko_2000 posted:

https://twitter.com/SawyerHackett/status/1418553834637516801

Centrist Committee posted:

you fuckin dorks what do you think last summer was

Mirthless posted:

e: Like this poo poo loving irritates the hell out of me, you obligate me to pretend that self-improvement is impossible if I want to also have empathy for other people but the conversation you're so coyly referencing didn't have anything to do with helping people in need and everything to do with you guys crying like loving toddlers because a couple of old people got a few more scraps from the table than you did

Raskolnikov38 posted:

riots. americans are too lazy and content to actually challenge the system

Rutibex posted:

yup its basically a clown show. the hierarchy must be preserved at all cost, someone who is rich today must be rich tomorrow regardless of what they do

DoomTrainPhD posted:

Number is a Super Saiyan. Every time you think it's going to be beat it yells for a week straight and then gains more power than it previously had before.

Paradoxish posted:

"anyone can be a 95th+ percentile earner with hard work" is mutually exclusive with "the system is broken and the primary causes of income inequality and poverty are systemic"

you need to come to terms with that so you can understand why people got so pissy

im on the net me boys posted:

so if mass evictions happen is cool zone for real this time

Mirthless posted:

Mirthless posted:

I didn't say "anyone can be a 95th percentile earner with hard work", and that's not mutually exclusive unless you believe hard work is virtuous and just, in which case you're just an rear end in a top hat

Working hard sucks and nobody should be obligated to do it, but achieving at least a little more than what you have is nearly always possible if you're an able-bodied person without a criminal record in America. Yes, our system is unfair, inherently. A lot of what makes the system's unfairness function is it's own perception of unfairness. People look for stability and then cling to it, especially if they haven't had a lot of stability in their lives. So they make choices that are poor, and that don't make sense, and that put them into very unfair positions, that lead them to make a lot of other choices that are poor.

We all make a lot of choices, at least with some vague understanding of what those choices may mean for us, and many of those choices have better outcomes than others. This isn't a moral or political statement. I don't resent people for having better outcomes or having a little more than me, because, uh, yeah, I could've made better choices? People should be capable of achievement.

I believe that we should provide for all people, and that all people should enjoy a high standard of living. I don't believe that the incapable and the disabled should be forced into the discomfort of continuous perpetual work just to survive. I don't believe people should be forced to work until their bodies break, and I don't believe people should have to settle for a lower quality of life as they age or retire. We have more than adequate space and resources to provide for all people's needs and frankly, all people's reasonable wants.

Spatial posted:

you can see the brainworm just wiggling away in the third paragraph, plain as day.

Real Mean Queen posted:

Go away

Asproigerosis posted:

Theoretically they can't brutally subjugate millions of rioters without resorting to wholesale slaughter. It's one thing to war crime on a couple thousand people, but hundreds of thousands with nothing to lose will not be deterred as a group by gas and rubber.