SKULL.GIF posted:

Please just make a chat thread for these losers so they can get their socialization in.

Actual economics content:

Predictably the rightoids are already crying and exclaiming that medical debt is good, actually.

SKULL.GIF posted:

STRONG SAFE



SECURE STABLE

SKULL.GIF posted:

The financial economy is utterly fake and the Federal Reserve and the US Treasury are doing absolutely everything possible to keep it propped up. Everything is fake. It's all loving fake. Yellen is a scam artist of the highest order.

https://x.com/0ddette/status/1788260329106948139

MLKQUOTEMACHINE posted:

It's nice that they're trying to cancel existing debt, but does it do anything for new medical debt other than make it not reportable to credit companies? I love their framing it as a handout to young voters, people who definitely have a ton of medical debt.

SKULL.GIF posted:

Young voters are also less likely to have health insurance and will be aware that they're going to get destroyed if they fall sick at some point in the future. Unfortunately any meaningful changes to the exorbitant price-gouging in American healthcare would involve actual legislation and political will to get it done, which won't be happening in this country.

$4000 for a single dog toe.

Ne Cede Malis posted:

skooma512 posted:

Even with insurance, they’re gonna get wrecked

Pittsburgh Fentanyl Cloud posted:

AI cannot fail, it can only be failed

Pittsburgh Fentanyl Cloud posted:

I've been telling the tech executives here for months that even if the code it spit out is picture perfect, that is our IP and it's going to be a legal loving mess at some point

Nonsense posted:

17 Biggest Losers in the Texas Housing Market Right Now



https://suburbs101.com/biggest-losers-in-the-texas-housing-market/

quote:

Fredericksburg homeowners saw the largest absolute dollar drop in home prices where homeowners lost $84,832 in equity in the course of a year.

Pittsburgh Fentanyl Cloud posted:

You never had the loving money! You didn't lose anything! The "equity" was all fake!!!

Pittsburgh Fentanyl Cloud posted:

You never had the loving money! You didn't lose anything! The "equity" was all fake!!!

Atoramos posted:

Hard disagree with this as a blanket statement. I'm in a position where I have to do the thing. Once I started figuring out what it could and couldn't do, Copilot became a pretty great tool. It absolutely requires a capable and skeptical dev who understands what it's producing and how to work with it, but it can provide better and more accurate info than typical stack overflow/google research.

But businesses think it will replace the need for that capable engineer and the answer is 'nah'

Morbus posted:

The fact that the growth promised by these bubbles is fake 100% does not matter anymore.

The process is:

1.) Govt prints shitload of money directly into banks
2.) Money hose gets aimed at whatever fictitious growth story of the day
3.) The Right People get more wealthy (relative to everyone else) as a result
4.) This wealth is used to (further) accumulate real assets and consolidate ownership

It doesn't matter what AI does or doesn't do, any more than it matters how "real" the gains in the S&P500 have been over the last few years. What is, indisputably, absolutely real, is that this is a process which is successful at growing both the purchasing power and accumulated real assets of the very wealthy, while driving down that of the working class.

Imagine you just cut out the fictitious bullshit but kept everything else. What would that look like? It would look like the central bank increasing the money supply and just handing it directly to the very rich, with no pretense. That is, effectively, a legal decree that those people are now owed (even more) things from everyone else, just because. Would that be bad for them, in the long run or otherwise? Would it be good for you? Would it be a "bubble" that is going to pop, any day now? Only if working people give enough of a poo poo to do something about it. It isn't a configuration that will collapse on its own accord, even (and especially) if the rate of profit falls to zero, except insofar as the unabated, vampiric draining of a population in service of an elite may, eventually, become destabilizing.

I dunno, there is a bunch I probably need to re-read but I don't recall anything in Marx that adequately captures the ultra-consolidated and uniformly owned nature of modern asset-management capitalism, combined with central banks & fiat money also managed by the same people. I'm not sure that "lol but this growth is all fake" really captures how or why this configuration can be so stable. It's like pointing out that feudal monarchs aren't actually from a superior bloodline or don't actually have the mandate of heaven. It is only a critique of legitimacy.

Atoramos posted:

Hard disagree with this as a blanket statement. I'm in a position where I have to do the thing. Once I started figuring out what it could and couldn't do, Copilot became a pretty great tool. It absolutely requires a capable and skeptical dev who understands what it's producing and how to work with it, but it can provide better and more accurate info than typical stack overflow/google research.

But businesses think it will replace the need for that capable engineer and the answer is 'nah'

Consolidated Ed posted:

your employers dont give a poo poo about giving you better tools lol. they want to get rid of you, so they can pocket your pay. all of this is motivated by a desire to get rid of workers, it has nothing to do with quality are you loving kidding me lol

DaysBefore posted:

Queue ten thousand completely fake stories about how actually, every neighbour I've ever had was a Black Metal band that worked night shifts and also, were constantly pumping carbon monoxide into my apartment. I will not be reading any of those lol

Scarabrae posted:

what no gently caress Joe Biden flag?!

Consolidated Ed posted:

your employers dont give a poo poo about giving you better tools lol. they want to get rid of you, so they can pocket your pay. all of this is motivated by a desire to get rid of workers, it has nothing to do with quality are you loving kidding me lol

Nonsense posted:

17 Biggest Losers in the Texas Housing Market Right Now



https://suburbs101.com/biggest-losers-in-the-texas-housing-market/

Casey Finnigan posted:

I thought AI was gonna be useful for things like audio transcription and OCR before it became a whole dipshit bubble.

I guess it is actually useful for transcription and OCR but the whole AI thing has been so oversold and underwhelming it makes it hard to want to give it any credit

Blue Ribbon Pooper posted:

it’s not going to do poo poo like that unless you’re doing something stupid like asking it to do some task with like 20 caveats and steps. it’s not a wonder machine.

it’s a tool, not a coder replacement

BornAPoorBlkChild posted:

i cannot stress enough just how much of a loving cancer Private Equity is wrt to the Video Games Industry

https://twitter.com/IronPineapple_/status/1787872290639622508?t=PZJAb0rVQyZ_Kx1NSYBXMg&s=19

https://twitter.com/Infilament/status/1787942468136432109?t=PZJAb0rVQyZ_Kx1NSYBXMg&s=19

Pittsburgh Fentanyl Cloud posted:

You seem pretty crabby lately, is everything okay

Deadly Ham Sandwich posted:

lmbo Uvalde barely dropped in price. You'd think a tragedy that makes national news would motivate people to leave

Deadly Ham Sandwich posted:

lmbo Uvalde barely dropped in price. You'd think a tragedy that makes national news would motivate people to leave

Mustached Demon posted:

where they gonna go? it's the us, no where is safe

the popes toes posted:

If you maroons would just take the time to understand....

The negative outlook on the economy that many Americans hold is likely linked to the fact that the economic picture is objectively complicated and hard to understand right now.

(yeah, from a dumb source but still amusing https://www.newsweek.com/economy-america-outlook-biden-1896902)

quote:

"Prices are coming down but that increase is still fresh in people's memories," he told Newsweek. "Governments all over the world are being punished for that bad experience, and I think that's part of what's happening in the U.S.," Van Reened added. "It's ironic, because, compared to other advanced countries, the U.S. is doing fantastically well in terms of growth."

The Oldest Man posted:

profits are up, i dont understand why people are mad they cant afford food or rent anymore

BornAPoorBlkChild posted:

its the SomethingAwful forums. almost everyone here is a miserable, spiteful rear end in a top hat for some reason or another

the "le epic 4chan ironylord" poo poo gets annoying and just outright sad the moment you become 30

BornAPoorBlkChild posted:

its the SomethingAwful forums. almost everyone here is a miserable, spiteful rear end in a top hat for some reason or another

the "le epic 4chan ironylord" poo poo gets annoying and just outright sad the moment you become 30

Paradoxish posted:

It's also nowhere near that expensive to do siding/roofing on reasonably-sized houses in the <1500 sq. ft. range, especially houses designed with simplicity and cost-of-maintenance in mind. This poo poo costs a fortune in part because American homes are built like poo poo and American contractors are salespeople first and foremost, but it's also because nearly every house available is massive and designed with features intended to make other people think that you're rich.

I might be more willing to accept that tiny houses are the only option left if there were more developers building simple, reasonably-sized, well-built, and affordable homes instead of "luxury" monstrosities that are still crammed with 100% builder-grade materials.

Nothus posted:

lol at using chrome

Pittsburgh Fentanyl Cloud posted:

Computer programmers are not engineers

the popes toes posted:

It's what the market will bear in an economy that is outperforming expectations but I don't expect you to understand the economic fundamentals of this great city.

NYC rents are rising 7 times faster than wages

quote:

New York City now has a higher concentration of seven-figure earners than anywhere else in the world, according to a recent analysis by consultancy firm Henley & Partners.