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at this point i think that the market is expecting an infinite government subsidy and so the actual economy straight up doesn't matter, nor does risk inequality is going to absolutely skyrocket though
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Mar 30, 2020 16:48
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quote:once capitalism is in the depth of a long depression, there must be a grinding and deep destruction of all that capitalism had accumulated in previous decades before a new era of expansion becomes possible. There is no policy that can avoid that and preserve the capitalist sector. If that does not happen this time, then the Long Depression that the world capitalist economy has suffered since the Great Depression could enter another decade. We're going to sacrifice everyone and everything to keep the status quo as intact as possible.
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Mar 30, 2020 16:49
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Iron Crowned posted:Capitalism will never die unfortunatly Capitalism is like Azazel from "Fallen".
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Mar 30, 2020 16:54
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bvj191jgl7bBsqF5m posted:Somebody plotted the derivative of deaths and the only country going up is the US lol death derivatives you say? hmmm...
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Mar 30, 2020 16:59
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Horseshoe theory posted:Capitalism is like Azazel from "Fallen". deep cut right there
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Mar 30, 2020 17:02
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fly high number, get your rear end up there it's your time unfettered by the dead weight of a material economy, number has the opportunity to soar
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Mar 30, 2020 17:03
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https://twitter.com/adam_tooze/status/1244304617485279233
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Mar 30, 2020 17:19
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A  start.
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Mar 30, 2020 17:21
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You have to pay someone to take a barrel of oil of your hands? This is a really good model they used to track and predict these prices.
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Mar 30, 2020 17:26
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I wonder if this is the start of a kind of 'Frog in Boiling Water' effect where - because the virus only gets gradually worse - the stock market won't react, compared to sudden lock-down and closing of workplaces that caused a sudden shift. So if, say, 10k people unexpectedly died in the US today it would be the apocalypse on the stock market, but in one month, when that's the number every day, the Number Goes Up. edit: we'll see what happens when rent is due.
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Mar 30, 2020 17:27
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with interest rates and bitumen prices going negative, there's never been a better time to pave the earth where's our modern civilian conservation corps
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Mar 30, 2020 17:27
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that was awesome thank you
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Mar 30, 2020 17:29
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Wyoming Asphalt Sour sounds like a strain of weed
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Mar 30, 2020 17:29
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the markets have been uncoupled from the labor economy and are free to enjoy their retirement as they sip fresh moneyritas from the money blender
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Mar 30, 2020 17:30
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capitalism is more revolutionary than you. don’t count on capitalism giving up the ghost on its own.
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Mar 30, 2020 17:33
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on retrospect, it was a little optimistic to think that the people who controlled 90% of the money on the planet would ever let the market tumble. heh whoops.
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Mar 30, 2020 17:36
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Eulogistics posted:You have to pay someone to take a barrel of oil of your hands? This is a really good model they used to track and predict these prices. transport and packaging isn't included so yes its very possible well, more accurately the contract will specify how much transport and packaging is included. for west texas intermediate theres a town in the middle of nowhere oklahoma where a bunch of pipelines meet that is where you pick up the oil you just bought at the date on the contract you buy. theres other contracts that are for the wellhead; in other words as soon as its out of the ground its yours. this means you need to pay for transport to the nearest pipeline or the trucks or whatever. thats the type of contract that went negative
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Mar 30, 2020 17:38
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meanolmrcloud posted:on retrospect, it was a little optimistic to think that the people who controlled 90% of the money on the planet would ever let the market tumble. heh whoops. well they let it tumble enough to buy everything up
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Mar 30, 2020 17:38
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Gotta convince my boss to take one of these SBA loans that might be forgivable things because we are losing clients really fast now.
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Mar 30, 2020 17:43
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raw audio from number https://soundcloud.com/erwin_the_german/ks-bloodchant
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Mar 30, 2020 17:46
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Lambert posted:You're correct, but relative to the handling in the rest of the US, Cuomo comes out looking pretty great. california and especially washington state have been handling their crises far better but cuomo gets all the visibility because the national media is all in new york Shear Modulus fucked around with this message at 17:51 on Mar 30, 2020 |
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Mar 30, 2020 17:46
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Don Pigeon posted:as long as the rich keep getting bailed out in every crisis, the number will keep going up yes thats the plan
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Mar 30, 2020 17:49
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V. Illych L. posted:at this point i think that the market is expecting an infinite government subsidy and so the actual economy straight up doesn't matter, nor does risk thats been the expectation since the 2008 bailout. the only time this expectation was ever questioned was the week or so that it looked like bernie was going to win the nomination
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Mar 30, 2020 17:50
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cuomo is doing a good job of trying to recover from his own catastrophic fuckup
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Mar 30, 2020 17:52
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Iron Crowned posted:Wyoming Asphalt Sour sounds like a strain of weed
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Mar 30, 2020 18:02
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Eulogistics posted:You have to pay someone to take a barrel of oil of your hands? This is a really good model they used to track and predict these prices.
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Mar 30, 2020 18:03
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Iron Crowned posted:Wyoming Asphalt Sour sounds like a strain of weed Sounds like a really hoppy sour beer to me.
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Mar 30, 2020 18:10
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Iron Crowned posted:Wyoming Asphalt Sour sounds like a strain of weed not too far off, as I'm looking to get some Jet Fuel OG sometime later this week
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Mar 30, 2020 18:13
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Remember that under federal rules the largest surface coal mine in the US qualifies as a “small business” lol.
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Mar 30, 2020 18:31
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America is turning into neo-Victorian London where well-to-do types in stove pipe hats cross the dimly-lit street because they see on the corner a 7 yr old street urchin coughing up their lungs as they try to sell a penny dreadful pamphlet on the benefits of chloroquine
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Mar 30, 2020 19:00
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https://twitter.com/MSNBC/status/1244684247933300745
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Mar 30, 2020 19:03
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You know, since there is environmental protections are over they could just let it flow.
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Mar 30, 2020 19:06
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this is probably not a big deal right?
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Mar 30, 2020 19:10
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Martout posted:this is probably not a big deal right? NUMBER!! BRRRRRRRRRRR
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Mar 30, 2020 19:13
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Crude WTI $19.50
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Mar 30, 2020 19:13
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the service economy. service to number!!
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Mar 30, 2020 19:14
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just to check, can infinite money printer do its thing while congress is out, or is it temporarily a finite money printer until they get back
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Mar 30, 2020 19:14
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lol as if the USA will repeat the same mistakes except worse
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Mar 30, 2020 19:15
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Raiad posted:just to check, can infinite money printer do its thing while congress is out, or is it temporarily a finite money printer until they get back the amount the government can spend is constrained by the debt ceiling but the fed can spend unlimited amounts
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Mar 30, 2020 19:16
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Jel Shaker posted:lol as if the USA will repeat the same mistakes except worse Yes it will and there will be no New Deal this time
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Mar 30, 2020 19:19
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