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hypnophant
Oct 19, 2012

Wasabi the J posted:

Yes the paid spox going to Palm Beach is definitely saying "how it works" and not astroturfing the poo poo out of the "evil fed" narrative the handful of actual billionaires living in palm beach have been pushing for more than a few years.

i don’t know anything about palm beach but I can assure you that the president of the Kansas City Fed is not colluding with anyone, let alone palm beach billionaires, to undermine the image or authority of the Fed.

psydude posted:

I'm not trying to be mean or condescending, but what you've just described is like the exact reason why central banks raise interest rates to combat inflation. It's a doctrine that's as old as the concept of central banks and is taught to any student taking introductory macroeconomics. So it's not something new that Powell is experimenting with.

It’s a little more modern than that. The current tweak-rates-to-control-inflation regime dates mostly to Paul Voelker in the 1980s. Before that the policy tended more to raising employment, which almost certainly caused, or contributed to, stagflation.

lightpole posted:

Yes, this is doctrine from a macro perspective and a good thing. A moderate drop in employment is much better than high levels of inflation. Its not "bleed the poor dry".

Great thread linked from Adam Tooze’s substack today about the politics of inflation. https://twitter.com/leee_harris/status/1587599367392870401

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Wasabi the J
Jan 23, 2008

MOM WAS RIGHT

hypnophant posted:

i don’t know anything about palm beach but I can assure you that the president of the Kansas City Fed is not colluding with anyone, let alone palm beach billionaires, to undermine the image or authority of the Fed.

https://twitter.com/schwarz/status/1587901775000047619?s=20&t=0fZDgiW3dZ2-itklTAz85g

A.o.D.
Jan 15, 2006
Maybe I'm way the gently caress out of the box here, but I feel that 600k houses are a bigger problem than 15% interest rates.

Hekk
Oct 12, 2012

'smeper fi

A.o.D. posted:

Maybe I'm way the gently caress out of the box here, but I feel that 600k houses are a bigger problem than 15% interest rates.

Only for everyone not clearing six figgies.

pantslesswithwolves
Oct 28, 2008

https://twitter.com/populismupdates/status/1587900306272055298?s=46&t=JjjYS9LydsGBTxnzElAPBg

Gat dayum

lightpole
Jun 4, 2004
I think that MBAs are useful, in case you are looking for an answer to the question of "Is lightpole a total fucking idiot".
The Fed is full of technocrats, 100% nerds. They are idiots when it comes to the real world and real people and frequently say stupid things because of it. I'm not putting any effort into interpreting their statement because of this.

Proud Christian Mom
Dec 20, 2006
READING COMPREHENSION IS HARD
Just a reminder that inflation isn't real and is just companies cranking the prices to 11 and then crying because for the first time in decades real wage growth started to occur and it was eating into the bottom line.

This is entirely a manufactured crisis and we're going to let a bunch of unelected shitheads destroy the livelihood of millions.

Acebuckeye13
Nov 2, 2010

Against All Tyrants

Ultra Carp

Proud Christian Mom posted:

Just a reminder that inflation isn't real

:psyduck: guess someone should call the Weimar Republic and let them know!

Vincent Van Goatse
Nov 8, 2006

Enjoy every sandwich.

Smellrose

Proud Christian Mom posted:

Just a reminder that inflation isn't real

My dude, what are you smoking?

shame on an IGA
Apr 8, 2005

bulletsponge13 posted:

I personally find the armor ugly, cheap looking, and looks like it belongs in the spinoff when the Lannisters fight the Sharknado.

What is the point of having that much money if you don't own a set of quality, fitted, good looking armor.

For the kind of money Musk has floating around I'd expect him to have a working Lament Configuration and... oh poo poo ok credit due Twitter is definitely a box which summons devolved creatures that feed on suffering

Lemniscate Blue
Apr 21, 2006

Here we go again.

Vincent Van Goatse posted:

My dude, what are you smoking?

No, let's hear them out!

It might be pretty funny.

Tiny Timbs
Sep 6, 2008

shame on an IGA posted:

For the kind of money Musk has floating around I'd expect him to have a working Lament Configuration and... oh poo poo ok credit due Twitter is definitely a box which summons devolved creatures that feed on suffering

Pinhead would absolutely not let Elon into their club

maffew buildings
Apr 29, 2009

too dumb to be probated; not too dumb to be autobanned
using the c&c red alert way back machine but going to 1922 germany and explaining to hitler his economic anxiety is unfounded

shame on an IGA
Apr 8, 2005

Inflation is P. Cool if you max out all your lines of credit right as it's startinge which * checks notes *... most of the US population has

e: if you max out your lines of credit in exchange for tangible goods and services, not for a pile of decreasingly valuable Today Money

shame on an IGA fucked around with this message at 03:47 on Nov 3, 2022

hypnophant
Oct 19, 2012

quote:

(Deleted an earlier tweet speculating about how much he's being paid, apparently no one is being paid to speak.)

also larry summers was never at the fed

hypnophant fucked around with this message at 03:47 on Nov 3, 2022

US Berder Patrol
Jul 11, 2006

oorah

Vincent Van Goatse posted:

My dude, what are you smoking?

I think Proud Christian Mom has a bit of a point. It's not that inflation isn't real in terms of our cost of living increasing, it's that the inflation isn't driven by some force of nature that can be prayed away by the high priests of The Economy. We're all supposed to agree that the inflation on our bacon and laundry soap is all "supply chain" and Federal Reserve instruments, but all the big corporate overlords PG, JNJ, unilever, whatever et al are hauling in obscene record profits quarter after quarter. Like, oh if we adjust this interest rate, then eventually housing does this and unemployment will probably do this and so on. That is all an unnecessary layer of abstraction. Your grocery or household consumables cost you a whole lot more than they did three years ago. A good bit of that was the cost of oil going up, ok, sure, but most of it was just because they're just charging more and taking more profit and telling you a bogeyman named "inflation" took it

CRUSTY MINGE
Mar 30, 2011

Peggy Hill
Foot Connoisseur
I wish CNN would stop bringing on Larry Summers every time they have an excuse. Also their new morning show is too early.

Burning one for Mr Prolapse tonight, good luck out there, my friend in Sasquatch.

shame on an IGA
Apr 8, 2005

Might have missed it in the immediately afterward transition from Oct thread to Nov thread but posting the Migos shooting video across multiple threads was massively hosed up and should've warranted a perma on its own aside from any ukraine considerations

maffew buildings
Apr 29, 2009

too dumb to be probated; not too dumb to be autobanned
personally i don't want to see any videos of anyone dying but maybe i'm just a soy boy idk

Wasabi the J
Jan 23, 2008

MOM WAS RIGHT

shame on an IGA posted:

Might have missed it in the immediately afterward transition from Oct thread to Nov thread but posting the Migos shooting video across multiple threads was massively hosed up and should've warranted a perma on its own aside from any ukraine considerations

Yeah that poo poo was uncalled for.

CRUSTY MINGE
Mar 30, 2011

Peggy Hill
Foot Connoisseur
I'm not saying bad decisions or opinions weren't made, but he's been pretty regular recently, here and in the leper colony. He seemed alright when it came to irrational banter. Kinda wonder if he's spiraling elsewhere as much as he has on the forums.

But yeah that video was not a good idea to post. I only read the Ukraine thread here, the others always seemed like a bad idea.

shame on an IGA
Apr 8, 2005

CRUSTY MINGE posted:

I'm not saying bad decisions or opinions weren't made, but he's been pretty regular recently, here and in the leper colony. He seemed alright when it came to irrational banter. Kinda wonder if he's spiraling elsewhere as much as he has on the forums.

But yeah that video was not a good idea to post. I only read the Ukraine thread here, the others always seemed like a bad idea.

The ukraine thread here is basically the GBS thread on a 3-6 hour delay but with 90% less white noise

whether that's a worthwhile tradeoff is a personal decision

RFC2324
Jun 7, 2012

http 418

He ended up twitter poisoned with that nafo poo poo, I think.

shame on an IGA
Apr 8, 2005

RFC2324 posted:

He ended up twitter poisoned with that nafo poo poo, I think.

who did a who in the what now

CRUSTY MINGE
Mar 30, 2011

Peggy Hill
Foot Connoisseur

shame on an IGA posted:

The ukraine thread here is basically the GBS thread on a 3-6 hour delay but with 90% less white noise

whether that's a worthwhile tradeoff is a personal decision

I don't mind that it's basically delayed and thinned out, it's not really a topic I want much white noise in anyhow, which is why I try to refrain from posting in it.

I don't mind cspam for the most part, but I'm smart enough to not even open the thread there. Kinda assume that's where Frosted Flake earned his probe.



RFC2324 posted:

He ended up twitter poisoned with that nafo poo poo, I think.

Yeah, wouldn't surprise me. :(

Arrath
Apr 14, 2011


Current event: In my parent's hometown the mailmans car was rear ended in a hit and run, went off the road and almost into the river.

Perfect fodder for the unscrupulous to test the new free speech allowances on Twitter and push some dumbass rumor that this was perpetrated by some kind of stop the steal crazy since the mail truck would've been full of mail in ballots.

shame on an IGA
Apr 8, 2005

Arrath posted:

Current event: In my parent's hometown the mailmans car was rear ended in a hit and run, went off the road and almost into the river.

Perfect fodder for the unscrupulous to test the new free speech allowances on Twitter and push some dumbass rumor that this was perpetrated by some kind of stop the steal crazy since the mail truck would've been full of mail in ballots.

wouldn't the people motivated to spread such a rumor and the people motivated to do such an act, be the same people?

OMG he admit it

lightpole
Jun 4, 2004
I think that MBAs are useful, in case you are looking for an answer to the question of "Is lightpole a total fucking idiot".

shame on an IGA posted:

Inflation is P. Cool if you max out all your lines of credit right as it's startinge which * checks notes *... most of the US population has

e: if you max out your lines of credit in exchange for tangible goods and services, not for a pile of decreasingly valuable Today Money

Inflation is good only if you max your credit on things that will appreciate in value in the future. Inflation is bad if you max your credit and spend it on things you need to survive today.

US Berder Patrol posted:

I think Proud Christian Mom has a bit of a point. It's not that inflation isn't real in terms of our cost of living increasing, it's that the inflation isn't driven by some force of nature that can be prayed away by the high priests of The Economy. We're all supposed to agree that the inflation on our bacon and laundry soap is all "supply chain" and Federal Reserve instruments, but all the big corporate overlords PG, JNJ, unilever, whatever et al are hauling in obscene record profits quarter after quarter. Like, oh if we adjust this interest rate, then eventually housing does this and unemployment will probably do this and so on. That is all an unnecessary layer of abstraction. Your grocery or household consumables cost you a whole lot more than they did three years ago. A good bit of that was the cost of oil going up, ok, sure, but most of it was just because they're just charging more and taking more profit and telling you a bogeyman named "inflation" took it

Profit has nothing to do with inflation, the ability to charge more does. Thats it. Don't make this more complicated than it needs to be.

Milo and POTUS
Sep 3, 2017

I will not shut up about the Mighty Morphin Power Rangers. I talk about them all the time and work them into every conversation I have. I built a shrine in my room for the yellow one who died because sadly no one noticed because she died around 9/11. Wanna see it?

shame on an IGA posted:

wouldn't the people motivated to spread such a rumor and the people motivated to do such an act, be the same people?

OMG he admit it

Kevin Costner has a lot to answer for

Duzzy Funlop
Jan 13, 2010

Hi there, would you like to try some spicy products?

shame on an IGA posted:

Might have missed it in the immediately afterward transition from Oct thread to Nov thread but posting the Migos shooting video across multiple threads was massively hosed up and should've warranted a perma on its own aside from any ukraine considerations

It did end up being a perma.

fwiw, I don't think MP was some "singularly bad apple" on the forums, but more a victim of the complete normalization of graphic violence and death in 4K that - at least in my impression - has been developing on the interwebs since the start of the war in Ukraine.
I'm guessing that if people being "pink-misted (sic!)" in high-def across every platform is socially acceptable (despite it still being a breach of ToS, depending on the platform), you get desensitized to what is "wrong" to post.

Hence my request at the beginning of the November thread. It wasn't an appeal to mods to make a rule about it, because those rules already exist and - especially in GiP, can't speak for other forums - are lived by, it was more an appeal to "our humanity" or some other dumb sentimental poo poo, idk how to phrase it, I'm not good with gravitas.

/edit: Now that I've caught up to the other threads, I had no idea about the QCS discussion that happened over night, I had no intention to bring that topic up again

Duzzy Funlop fucked around with this message at 09:11 on Nov 3, 2022

ded
Oct 27, 2005

Kooler than Jesus
just remember inflation isn't real because money isn't real

checkmate

Tiny Timbs
Sep 6, 2008

I get professional and personal enjoyment from watching Russian tanks explode so that’ll just have to be a discussion between me and Jesus when the time comes. Anyone pushing to share gore stuff for the sake of gore stuff here was suffering from a severe failure to take a hint, though. You can hang out on Reddit if that’s what you’re interested in.

CRUSTY MINGE
Mar 30, 2011

Peggy Hill
Foot Connoisseur
I enjoy watching russian tanks and artillery and aircraft getting dunk on, too, but I'm not linking any of that poo poo here. I don't make it a substantial part of my day, though, and stick to youtube aggregators like Warthog Defense or TEW22, and they're somewhat okay about blurring bodies. Might take in 10 minutes a day.


Duzzy, you're getting legal weed, what's the gossip like over it in Germany?

facialimpediment
Feb 11, 2005

as the world turns
I̶̦̥̗̰̖͖̝͆̅̋̀̐͆́̋͛́̚͝t̸̡̤̱̮̀̆́̍͌͒͛̏͛̐͊̏͘̕ ̶̡̨͚̻̖̫͔̫̭͙̬̺̲̒̊̈́̒̽̎̑̾̃̑͌̏̊̕i̸͙̳̣̜͆͐̀s̴̤̩̩̝̩̻̳̠̣̫̬͈̑͌̐̀̉̈͂̍̄̀̈́͘͜͠͝ ̴̛̛̱͓̟͈̘̟̠̍̇̎͂̏̀͗̀̋̉͛́͘͜ạ̴̛̛̪̬̺͕̙̪̰̋̊̊̏̔ḷ̶̡̡̱̼̠̞̼̖̫͕̳̬̥͠ͅm̸̥̪̞̤̞̤̫̞̺͍̻͊̇̅͑̉̓̓͐̈́́͜͝͝͝͠ͅͅo̶͎̬͍̓̆͊̓͝ş̷̢͎͍̗͈̹̬̦̝̙͔͆̂̾̈̊̈́̕̕ͅt̸̨͎͙͔̤̦̣͙͉͙̖̝̮̤̀̀͌͑͂͌̈́̄̈̈̍ ̵̢̲̺̪̭̻̀͊̔̈̈́͋̈́t̵͓͍̮̭̦̀h̸̦̰̠̝͖̮͇̻̆̉͊̓̄̈́̆͗͐̕͜ą̸̢̧̮̤̱̝̳͕̰̜̰̳̤̹̿͋̿͒̈́̑̓̅̐̐͗̈́̐͠ṱ̷͖̺̳̟͊́͋̉̒̎͋͋̚̚͝ ̶̬̅͐̑̈́̆̍̾̔͒̔̕͝͝t̸̫͔̝̟̟̣͙̅̏̀̒̑̆̐̊͛͌͋̃͘ͅi̵̧̨͖͎͎̤̬̮͊̌́͗͋̀͠m̸̲̺̼͇͔̞͚̫̄̋̆͑̓̈́͐͌̑̊̾͠e̵̛̛̖͉̻̱̹͛̀̾̈́͒͂̂̀̈́̀̂̉ ̴̥͕̤̿̍̃̐͊̈̋̉̿̆͐̀̾a̵̧̡͕̗̟͉̭͉̬̤̯̤͆̈́̏̊́́̅̑̂͋̚͝͝g̸̳̹̜̏̓͒͒̓̋́͝͝a̶͙͉̦͓͑́͛͜į̷̢̨̛̹̭͚̠̰̘̦̓̏̉̇͐̓͆̽͛̌̎̓̚n̷̡̤̤͇̩̹̪̻̼̳͆̈́̈̀͊͜͝


https://twitter.com/KaleighRogers/status/1587807892354351104?t=_l5pPKgvwUnnLfoHLquFWg&s=19

I would fuckin love if those were the stickers I got to pass out on Tuesday, but alas, mine are all standard

ASAPI
Apr 20, 2007
I invented the line.

facialimpediment posted:

I̶̦̥̗̰̖͖̝͆̅̋̀̐͆́̋͛́̚͝t̸̡̤̱̮̀̆́̍͌͒͛̏͛̐͊̏͘̕ ̶̡̨͚̻̖̫͔̫̭͙̬̺̲̒̊̈́̒̽̎̑̾̃̑͌̏̊̕i̸͙̳̣̜͆͐̀s̴̤̩̩̝̩̻̳̠̣̫̬͈̑͌̐̀̉̈͂̍̄̀̈́͘͜͠͝ ̴̛̛̱͓̟͈̘̟̠̍̇̎͂̏̀͗̀̋̉͛́͘͜ạ̴̛̛̪̬̺͕̙̪̰̋̊̊̏̔ḷ̶̡̡̱̼̠̞̼̖̫͕̳̬̥͠ͅm̸̥̪̞̤̞̤̫̞̺͍̻͊̇̅͑̉̓̓͐̈́́͜͝͝͝͠ͅͅo̶͎̬͍̓̆͊̓͝ş̷̢͎͍̗͈̹̬̦̝̙͔͆̂̾̈̊̈́̕̕ͅt̸̨͎͙͔̤̦̣͙͉͙̖̝̮̤̀̀͌͑͂͌̈́̄̈̈̍ ̵̢̲̺̪̭̻̀͊̔̈̈́͋̈́t̵͓͍̮̭̦̀h̸̦̰̠̝͖̮͇̻̆̉͊̓̄̈́̆͗͐̕͜ą̸̢̧̮̤̱̝̳͕̰̜̰̳̤̹̿͋̿͒̈́̑̓̅̐̐͗̈́̐͠ṱ̷͖̺̳̟͊́͋̉̒̎͋͋̚̚͝ ̶̬̅͐̑̈́̆̍̾̔͒̔̕͝͝t̸̫͔̝̟̟̣͙̅̏̀̒̑̆̐̊͛͌͋̃͘ͅi̵̧̨͖͎͎̤̬̮͊̌́͗͋̀͠m̸̲̺̼͇͔̞͚̫̄̋̆͑̓̈́͐͌̑̊̾͠e̵̛̛̖͉̻̱̹͛̀̾̈́͒͂̂̀̈́̀̂̉ ̴̥͕̤̿̍̃̐͊̈̋̉̿̆͐̀̾a̵̧̡͕̗̟͉̭͉̬̤̯̤͆̈́̏̊́́̅̑̂͋̚͝͝g̸̳̹̜̏̓͒͒̓̋́͝͝a̶͙͉̦͓͑́͛͜į̷̢̨̛̹̭͚̠̰̘̦̓̏̉̇͐̓͆̽͛̌̎̓̚n̷̡̤̤͇̩̹̪̻̼̳͆̈́̈̀͊͜͝


https://twitter.com/KaleighRogers/status/1587807892354351104?t=_l5pPKgvwUnnLfoHLquFWg&s=19

I would fuckin love if those were the stickers I got to pass out on Tuesday, but alas, mine are all standard

That would have been really cool to get yesterday when I voted. I'm now sad I only got a lame normal sticker.

Evil SpongeBob
Dec 1, 2005

Not the other one, couldn't stand the other one. Nope nope nope. Here, enjoy this bird.
https://hudsonrowan.com/

ASAPI
Apr 20, 2007
I invented the line.


Hell yeah, I'm buying a shirt!

BadOptics
Sep 11, 2012

RFC2324 posted:

He ended up twitter poisoned with that nafo poo poo, I think.

Yeah, I think that's a pretty big driver. When you're mainlining war porn, right/left wing trolls, and all the other poo poo on Twitter it will gently caress with your head.

Edit: I don't think it is specifically "nafo", but just what happens when your brain is constantly being hit with all the chemicals that social media hooks one with. I sure as hell got off of it once I realized I was getting worried about crap that I had no power over or waiting for the next big "thing" to drop.

BadOptics fucked around with this message at 15:09 on Nov 3, 2022

facialimpediment
Feb 11, 2005

as the world turns

The only bummer is that he's not selling a roll of stickers and just bigger ones. If he sold a small roll, I might buy one, speed-ship it, and offer them at the check-out table :v:

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CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug

ASAPI posted:

That would have been really cool to get yesterday when I voted. I'm now sad I only got a lame normal sticker.

I only got to keep the little touch stick for the voting machine :smith:

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