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Mar 17, 2021 03:22
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| # ¿ Apr 27, 2024 12:04 |
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is it a uh..... sexy bunny? 👉👈
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Mar 17, 2021 03:23
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it’s the crab cycle of apps, yeah
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Mar 17, 2021 12:35
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Nonsense posted:inflation is just a reminder to get more money somewhere https://www.youtube.com/watch?v=Wpc-zAbL2Uw
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Mar 20, 2021 19:25
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Trabisnikof posted:How would daffy buy carrots at twenty cents a dozen if he could drive out and pick them up?
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Mar 21, 2021 19:03
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this is incredible. anyone with a real math or science background knows how trivial it is to account for something like this i know everyone here knows it but i'm just constantly blown away by how intellectually bankrupt the entire field of economics is
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Mar 26, 2021 18:51
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Pittsburgh Fentanyl Cloud posted:
trump really didn't get enough poo poo for the trade "war" he started i remember talking to the house flipper if the increased costs of appliances was biting him and he had no idea what i was talking about. literally no one has noticed this surge in prices
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Mar 26, 2021 19:19
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according to zillow my place has gone up in value 2% in the last month alone jesus loving christ
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Apr 12, 2021 18:05
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if i go with the high end of the zillow estimate, which looking at the recent sales in my area isn't at all unreasonable, my place has gone up 37% since i bought it a little over two years ago this is absolutely sustainable what could possibly go wrong
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Apr 12, 2021 18:17
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the most incredible thing about lf was the mitt romney death rally becoming a real thing trump!!!
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Apr 13, 2021 13:06
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Apr 14, 2021 15:12
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mark blyth was 100% right and this poo poo is gonna get so scary lmfao https://twitter.com/WSJ/status/1382691449557426179
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Apr 16, 2021 03:44
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anime was right posted:mark blyth was right about a lot, but which specific thing was he right about the end game of global capitalism throwing the bottom quartile of various populations into the gutter was going to lead to TURMP! (fascism)
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Apr 16, 2021 03:54
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more specifically: the gop is now pretty in the open about not giving a poo poo about things like ‘free markets’ or ‘private property rights’ anymore if those things go against them. you’re going to see them increasingly adopt socialist / populist rhetoric while also doing the wint tweet about the racism dial on the price is right lol!!
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Apr 16, 2021 03:56
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DAD LOST MY IPOD posted:I will believe it when I see it. the chamber of commerce and club for growth are a lot more influential on the electeds than tucker carlson. that may change, but capital isn’t going to tolerate their pet party acting out. i can’t believe i’m rooting for the loving chamber of commerce for once but i hope you’re right
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Apr 16, 2021 03:59
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comedyblissoption posted:tucker carlson is the most popular cable news host in the united states to be clear i don't agree that the chamber of commerce will come out ahead in this fight if it comes down to it
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Apr 16, 2021 13:51
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Mr Hootington posted:The big rumor circling is the USA is positioning to ban crypto. India and turkey both have in the last month. i very much doubt they'll do anything of the sort. wall st. stands to gain way more by running the same scams with it as they do precious metals than they do by banning it
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Apr 16, 2021 14:22
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Paradoxish posted:Crypto is kind of like the housing market in the sense that it's gotten bad enough that there's no way out anymore. It needs to be destroyed immediately, but idiot bag holders are going to get disproportionately wrecked if/when that happens. Just like people who actually buy their homes to live in will get wrecked if there's ever a true housing crash. i still have a house to live in and my taxes go down 
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Apr 16, 2021 21:03
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lol nation states are not at all perceiving bitcoin as a threat holy poo poo lol ohh nooo the currency that can only move at a snail’s pace is really going to overthrow us
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Apr 16, 2021 21:07
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Fame Douglas posted:The ongoing component shortages it induces and huge energy usage are kind of a threat. i mean sure but there's much better tools for solving that than outright banning cryptocurrency just tax it out of existence
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Apr 16, 2021 22:10
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Paradoxish posted:Being underwater on a mortgage is never great, especially since we'd probably be in the midst of a massive financial crisis if housing prices somehow actually did go down. It's not the end of the world if you definitely won't ever have trouble making payments and you never intend to move, but it gets bad real fast if either of those things stop being true. my thought process was this 'collapse' scenario would be mostly the institutional players bailing out and taking a haircut so gently caress 'em while normal people ride it out and wait for prices to normalize again but then i remembered they set this poo poo up deliberately so they'll take everyone down with them so yeah. lol. whatever. i don't care anymore. gently caress it
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Apr 16, 2021 23:16
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Apr 19, 2021 16:45
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https://www.youtube.com/watch?v=IRSWmkSJJEs
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Apr 20, 2021 00:50
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err posted:drat i love elon now so is he trying to tank the price so he can buy more or is he really this much of a dipshit that he just yolo'd his company's assets into this without even doing a google search on it first? pretty lol either way!!
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May 16, 2021 20:49
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Petey posted:this is a good essay that is more about late capitalism / national collapse than i expected from the hed: https://bloodknife.com/everyone-beautiful-no-one-horny/?fbclid=IwAR39KIM5Jemvj_la43r2-I24twu2kZAMBsRfdnVnL_3VCYeEAGmFVdWrW4g idk i think the explanation for this is really simple: internet porn everyone now has their horny needs satisfied elsewhere and don't need it to be taken care of in cinema. the wide availability of internet porn has resulted in almost everything else becoming WAY less horny idk if that's a good or bad thing
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Jun 14, 2021 18:01
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oh it turns out that it's harder to import base materials and components when you deliberately piss off the international community / slap tariffs on literally everything. who could have seen this coming?
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Jul 28, 2021 16:05
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turns out "the economy" isn't something you can just flip on and off like a lightswitch and trying to get things back up and moving will actually be a really long, complicated, messy process!
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Jul 28, 2021 16:06
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turns out when everyone actually follows the advice of, 'just get a better job, idiot  ' it results in massive labor shortages in the areas where the work actually matters! this is loving crazy
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Jul 28, 2021 16:07
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Casey Finnigan posted:So the insane housing price issue is starting to have knock-on effects where places can't find employees to work low-wage jobs because the employees can't live off their pay, right? rich people get actual cash by taking loans from banks with their assets put up as collateral. this all works well and good as long as those assets continue to appreciate. the whole system has been spiraling upwards off this and the moment any assets anywhere are allowed to drop even a bit there's going to be a shitload of bills coming due and we'll instead spiral downwards. we literally can't allow any assets to decrease grats to those who got in while they still could 
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Sep 22, 2021 14:55
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lol this is literally a simpsons-tier gag
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Sep 22, 2021 15:09
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does anyone have a writeup of what's actually causing the bottleneck at our ports? it seems to me like it's something that should have cleared up by now so there must be a deeper cause and i haven't really looked into it
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Sep 27, 2021 18:31
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anime was right posted:iirc its just they cant move the goods out of the ports fast enough (combo of worker shortages and strikes and just... covid making it all slower), which means more boats need to stay in the ocean, which creates a domino bottleneck. i think we're also importing more goods in general because everyones padding up their homes with garbage since they cant go out to do poo poo anymore. Bar Ran Dun posted:it’s structural. net work error posted:Too many boat not enough truck rex rabidorum vires posted:Pre-Covid everything was being run as close to full utilization as possible. There was zero slack in the system. Welp after red lining the engine for so long there was a hiccup and a lubrication failure occurred leading to a delightful rod knock and it's a matter of time before a connecting rod/piston exits a bit like this does anyone have an article or something that goes into depth on all this? and i don't mean some surface level dock owner bitching about 'no one wants to work anymore  ' but like an actual quantitative walk through of all the different parts that are backing up into each other
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Sep 27, 2021 20:30
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Tubgoat posted:Gonna say these assets are land, water rights and gold. close. they recommend gold silver and bitcoin
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Oct 3, 2021 11:01
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lol they’re already getting ready to blame this on the left. i can’t believe how shameless this is
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Oct 4, 2021 12:11
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Unlike many on America’s left, I’ve always been sceptical that ultra-low interest rates make things easier for the poor. Keeping rates too low for too long encourages speculation and debt bubbles. When they burst, they always hurt those on low incomes the most, as we witnessed during the 2008 financial crisis. And yet for years, progressives have argued that loose monetary policy and low interest rates are necessary to promote employment, particularly at the lower end of the socio-economic ladder. This is not the case. While easy money may have helped create a bit of wage pressure in low-end service jobs, unemployment kept falling in recent years even as the Federal Reserve began to raise rates from ultra-low to still-low levels. Meanwhile, academic research has shown that the tendency of low rates to fuel market bubbles is a key reason behind inequality, since they make the asset-rich richer, while not actually fuelling consumption and demand. In the US, the top 10 per cent of the population owns 84 per cent of equities. There are only so many homes, cars and pairs of jeans that these people can buy. Most people live on their paycheques. And despite a bit of wage growth over the past six months, incomes on an inflation-adjusted basis are still below where they were in 2019, says Karen Petrou, managing partner of Federal Financial Analytics. “This is the Kool-Aid: that ultra-low rates promote employment,” she says. “But they don’t.” Most people work to make money, and while central bankers can brew up asset inflation, they can’t create good middle-class jobs. Only business, helped along by the right policy incentives, can do that. Wall Street isn’t Main Street. Still, the fantasy of low rates somehow creating real growth dies hard. Witness the new progressive push to get rid of the Fed chair, Jay Powell, who last week voiced concerns about inflation being more persistent than previously thought. That could, of course, indicate the need for a quicker tapering of central bank bond buying and/or faster interest rate hikes. Financial markets never want to hear that, of course. But neither does the political left. Elizabeth Warren, the senator from Massachusetts, called Powell a “dangerous man” for his efforts to roll back some financial regulation following the 2008 crisis. Another Democrat, the head of the Senate banking committee Sherrod Brown, rightly pointed out the very unequal nature of the recovery, but also criticised Powell for saying the test for full employment had been “all but met”, and said that the “Fed cannot pull back every time workers gain a tiny bit of power to demand higher wages”. On the one hand, I’m sympathetic to this sentiment. I remember once interviewing a labour activist and Fed adviser who complained that central bankers always pull the punchbowl away just when average people have arrived at the party. Fair enough. With stock prices still near record highs, and US home prices up nearly 20 per cent annually, it’s no wonder that small-time investors are desperate for their slice of the pie. Income growth won’t buy you a house. And yet, risk is greatest just when the punchbowl is about to be pulled. I worry about the rise of retail speculation on apps such as Robinhood. I also worry that investors with fewer liquid assets are those taking on some of the biggest risks. Consider a recent Harris poll showing that 15 per cent of Latino Americans and 25 per cent of African Americans say they’ve purchased non-fungible tokens, compared with just 8 per cent of white Americans. This feels way too much like the phenomenon of low-income homeowners being sold dicey mortgages in the run-up to 2008. Yet who can blame people for wanting a sip of the punch when savings rates are zero and inflation is 5 per cent? The real problem here is that we have left it too late to normalise monetary policy and create a more balanced economy that isn’t just about riding asset bubbles. The perversions in our system were underscored last week by the trading scandals that forced two Fed governors to step down. But merely cleaning up ethics policy at the Fed or making sure that we don’t loosen banking regulation (both laudable goals) isn’t going to get the US economy where it needs to be. We must all give up on the notion that low rates alone are going to create good jobs and income growth. We should taper faster, and move forward slowly but surely with normalising monetary policy. Many will argue against doing this, particularly as we move into what may be a long cold winter in which rising fuel prices will hit low-income individuals hard. Yet, as Petrou points out, many of them are already paying double-digit credit card rates. A small tick-up in the Fed funds rate will not be a critical factor, she says, especially given that in the US, those rates mainly trickle through to consumers via home refinancing, which is done mostly by those with high credit scores. Meanwhile, a small but positive real interest rate would allow small-time savers to start building a nest egg. That’s a worthy goal no matter what your politics. not a single example of anyone on the “left” actually defending lower interest rates for the reasons she claims either.
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Oct 4, 2021 12:19
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her example is elizabeth warden being mad that powell wants to deregulate wall st. that’s her example of ‘leftists’ saying low interest rates help workers. that’s it
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Oct 4, 2021 12:21
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if this is the message the ft is starting to push i can’t even imagine how enraged and far from reality the wall st. times is going to be or hell fox news. lol. lmao
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Oct 4, 2021 12:22
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Stereotype posted:i see that there is a cargo container shortage. let me just spin up a cargo container factory real quick. loving economists jesus christ. the dipshit progressive doofus: durrr this game is hard! i only started with two machine gun troopers and a rocket soldier! it’s so unfair the other guy was given a full army of ion tanks and rocket troops! this is bullshit!! CANCELLED!! the chad neoliberal economist: heh. stand back, kid. i studied economics. *switches to the buildings tab and clicks on barracks*. 
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Oct 9, 2021 15:01
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Palladium posted:Good thing your Command and Conquer cargo container factory can't get materials because your infra sucks, your lovely healthcare alone had made labor costs completely uncompetitive versus China, and there isn't workers anyway because your economy has prioritized grift over real skills that was the joke, yes
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Oct 9, 2021 15:49
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| # ¿ Apr 27, 2024 12:04 |
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anime was right posted:the most important thing is to just lie about having a current employer you can easily hide keywords in your resume so that the algorithm picks it up but any human reading it won't see them 
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Oct 10, 2021 06:48
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