(Thread IKs:
skooma512)
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In Training posted:https://twitter.com/JustinWolfers/status/1635636620408881154?s=20 I'm glad economists are now just openly admitting that their entire profession is a sham.
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Mar 14, 2023 15:23
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| # ? May 25, 2024 09:11 |
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Woke Mind Virus posted:Is one of these numbers bothering you? If so, just pick another one! easy peasy. the economic reports are like ordering off a Chinese menu little from column a, little from column b
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Mar 14, 2023 15:24
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what is included in core services ?
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Mar 14, 2023 15:24
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euphronius posted:what is included in core services ? Rent
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Mar 14, 2023 15:26
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[paying rent] thank you for your service
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Mar 14, 2023 15:27
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eXXon posted:Good news, wage inflation is slowing down! Thank u Krugman  look at real wage growth. wage inflation hasn't actually occurred.
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Mar 14, 2023 15:28
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First they came for the tut-tutsis
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Mar 14, 2023 15:28
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coelomate posted:gimme 500 basis points or give me death
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Mar 14, 2023 15:33
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I don't have money brains but I don't understand doing inflation but not including rent or food. Most people have to pay rent and everyone has to buy food. Not including it makes it meaningless! Like if your goal is "how is monetary policy effecting people" then you have to know what people are paying for poo poo they need to live lol loving economists lmao
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Mar 14, 2023 15:34
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Centrist Committee posted:lol, people can’t afford anything other than the necessities is what I’m seeing here good news the necessities are going up and up so they wont be able to afford those either i like that my lovely state negotiated a 40% electric bill increase this year with the power company
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Mar 14, 2023 15:34
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In Training posted:https://twitter.com/JustinWolfers/status/1635636620408881154?s=20 "Economics"
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Mar 14, 2023 15:34
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spacemang_spliff posted:I don't have money brains but I don't understand doing inflation but not including rent or food. Most people have to pay rent and everyone has to buy food. Not including it makes
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Mar 14, 2023 15:35
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What constitutes "core services"? Is that poo poo that includes what people get paid? If so, seems like it'd make sense that it is a delayed wave within the data as it responds to price increases in faster responding areas (price of goods can increase quicker and with less friction than what people earn). E: seeing above rent is in it. Anything else?
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Mar 14, 2023 15:35
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spacemang_spliff posted:I don't have money brains but I don't understand doing inflation but not including rent or food. Most people have to pay rent and everyone has to buy food. Not including it makes it meaningless! Well rent and food costs aren't significant parts of rich people's expenses, so maybe it's rich people inflation and not the kind where you hook an air compressor up to them and turn them into turgid flesh balloons
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Mar 14, 2023 15:37
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wanna see the polls about svb and see if the execs publicly shifting to begging for handouts makes sure the concept of bank bailouts is the most universally hated phrase in American politics
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Mar 14, 2023 15:39
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the measurement without food and energy was important historically for industry to track prices important to them
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Mar 14, 2023 15:39
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yeah I get that and like I understand that the economy isn't real and runs on ork magic but like if my job was touching money all day i'd like to know real numbers not fake feel good numbers but that's why i'm not a super smart economist
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Mar 14, 2023 15:39
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spacemang_spliff posted:yeah I get that and like I understand that the economy isn't real and runs on ork magic but like if my job was touching money all day i'd like to know real numbers not fake feel good numbers but that's why i'm not a super smart economist i think most of them are imbeciles that have fully bought into their wacky neo-liberal cult im sure a few of the top ones fully know just how precarious the situation is but their only there to make sure the rich continue to do their thing
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Mar 14, 2023 15:41
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https://twitter.com/unusual_whales/status/1635652071683952642?s=20 Number?
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Mar 14, 2023 15:42
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spacemang_spliff posted:yeah I get that and like I understand that the economy isn't real and runs on ork magic but like if my job was touching money all day i'd like to know real numbers not fake feel good numbers but that's why i'm not a super smart economist at some point they started believing their own propaganda and forgot the fake feel good numbers are fake
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Mar 14, 2023 15:42
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spacemang_spliff posted:yeah I get that and like I understand that the economy isn't real and runs on ork magic but like if my job was touching money all day i'd like to know real numbers not fake feel good numbers but that's why i'm not a super smart economist They exclude rent and food from core because those categories are deemed too "volatile".
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Mar 14, 2023 15:42
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how much could a banana cost michael $10? yeah fuckin probably in like 6 months
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Mar 14, 2023 15:43
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a twitter bot that replies to everything blueframes and krugman say with "These numbers are fake."
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Mar 14, 2023 15:43
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Red Baron posted:the economic reports are like ordering off a Chinese menu is it lunch time yet?
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Mar 14, 2023 15:43
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Mr Hootington posted:They exclude rent and food from core because those categories are deemed too "volatile". that's even dumber lol
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Mar 14, 2023 15:44
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spacemang_spliff posted:that's even dumber lol There is also readings like trimmed mean that cut off the most increase and least increase. My preferred reading is "sticky".
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Mar 14, 2023 15:44
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I'm gonna say it... Yep, it's gonna happen. Shoulda bought the dip
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Mar 14, 2023 15:45
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F_Shit_Fitzgerald posted:If I'm understanding the macroeconomics from the last couple of pages (lol because I'm fairly apathetic about economics): inflation is for little people, but extremely rich parasites are continuing to do just fine in our economy where it's becoming increasingly harder to rent or buy a house. It is the wealthy who benefit from inflation, and also the ones who cause it. Inflation is when prices go up. Who determines prices? Sellers. Massive corporations unilaterally sell their goods are higher prices. That's what inflation is. This means more revenue, more money for these corporations and the banks who own them. There corporations owe 20 trillion dollars in loans from the 2020 bailout and there's only one place where value comes from: workers. So the workers are essentially paying for the debts of the banking bailout through increased prices. More than that, inflation has the recursive effect of devaluing the debts making them easier to pay. This is something that nobody has ever discovered before and has never led to complete and total disaster.
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Mar 14, 2023 15:46
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Missed an easy 20% payout on a straight trade of SCHW from yesterday to today.
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Mar 14, 2023 15:46
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Willa Rogers posted:lmao If i had like an extra thousand dollars i woulda thrown in on this, the regional bank rout yesterday seemed like it was gonna yield huge returns for the survivors, and we aren't really looking at more bank failures until the next rate check. The only direction for these stocks to go is up until then imo. People who hold these for just a couple days and resell when they stabilize will make out well
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Mar 14, 2023 15:46
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Nice and hot piss posted:I'm gonna say it... Yep, it's gonna happen. bro i'm just happy i lost less than $100 yesterday
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Mar 14, 2023 15:46
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I got charlie browned
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Mar 14, 2023 15:47
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number only crouched in order to jump higher
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Mar 14, 2023 15:47
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banks are saved, number is up, and inflation is as expected. we did it
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Mar 14, 2023 15:49
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Cup Runneth Over posted:Uh huh Yeah, a lot of hard work went into making this happen.
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Mar 14, 2023 15:50
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I'm a number lover You're a number lover Let's do each other's number Let's do each other's stock!!!
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Mar 14, 2023 15:53
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RealityWarCriminal posted:banks are saved, number is up, and inflation is as expected. we did it 
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Mar 14, 2023 15:53
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RealityWarCriminal posted:banks are saved, number is up, and inflation is as expected. we did it https://www.youtube.com/watch?v=34X4faVQ63Y
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Mar 14, 2023 15:54
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spacemang_spliff posted:I don't have money brains but I don't understand doing inflation but not including rent or food. Most people have to pay rent and everyone has to buy food. Not including it makes it meaningless! yeah but if you take out the rent or food it makes the result look nicer, so
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Mar 14, 2023 15:54
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| # ? May 25, 2024 09:11 |
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were not fixing anything were making it worse but have you seen the green number
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Mar 14, 2023 15:55
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