(Thread IKs:
skooma512)
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No panic! No panic! You're the panic! https://twitter.com/DeItaone/status/1636399105181118464
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Mar 16, 2023 17:11
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| # ? May 20, 2024 19:07 |
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webcams for christ posted:Yellen: Nuh-uh! so wait like which is it. do we believe the supply and demand perfectly frictionless spherical homo economicus version of reality or is MMT real or what. I feel like this is both probably true and also an absolutely insane thing for the treasury secretary to say
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Mar 16, 2023 17:11
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Crash already you gently caress!
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Mar 16, 2023 17:12
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ram dass in hell posted:so wait like which is it. do we believe the supply and demand perfectly frictionless spherical homo economicus version of reality or is MMT real or what. I feel like this is both probably true and also an absolutely insane thing for the treasury secretary to say Nothing matters
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Mar 16, 2023 17:12
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SKULL.GIF posted:Nothing matters yes but the high priestess of number is not supposed to say that out loud !!
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Mar 16, 2023 17:12
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contagion in the system
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Mar 16, 2023 17:13
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webcams for christ posted:Yellen: Nuh-uh! this is probably true, it's too much money chasing too few goods and services not a single anti-inflationary measure ive seen describes a path towards increasing production, just towards subsidizing some folks (lol) and selectively increasing economic pain for other folks (lmao) while the problem worsens
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Mar 16, 2023 17:13
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go man go
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Mar 16, 2023 17:14
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paid time off isn't a law. make it a law, or don't, whatever
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Mar 16, 2023 17:14
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Casey Finnigan posted:i love this poo poo cause what are we working such long hours for in the usa. we don't make poo poo. we don't produce anything worthwhile. only poo poo we make is apps and they all suck The mRNA stuff coming online so fast after years of being ignored was a good example of how bad we prioritize things
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Mar 16, 2023 17:14
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Nonsense posted:paid time off isn't a law. make it a law, or don't, whatever Illinois just did, goes into effect next year. It doesn't help gig or contract workers for poo poo though, just like the Chicago ordinance doesn't. It would be better to just have it accrue as extra pay you're due and then you just take unpaid time off when needed
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Mar 16, 2023 17:15
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Delta-Wye posted:this is probably true, it's too much money chasing too few goods and services 100%
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Mar 16, 2023 17:16
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SKULL.GIF posted:Doomsday Economics Guess the joke’s on them, I don’t get any PTO! 
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Mar 16, 2023 17:18
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https://twitter.com/economics/status/1636401797735522306?s=20 cool
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Mar 16, 2023 17:20
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holefoods posted:this is weird to say yah sorry; in my rush to parody the hyperbole of that time I committed a racism & no-growth. 
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Mar 16, 2023 17:21
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And YOU get a bail out and YOU get a bail out and YOU get a bail out
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Mar 16, 2023 17:22
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Delta-Wye posted:this whole money thing is a disaster. the fab should pay for things they need to build out productive capacity in IOUs for chips. the construction crews, hvac guys, equipment providers, can then use those IOUs for their future integrated circuit needs, or trade them further on for other goods. 
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Mar 16, 2023 17:23
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Rescue, not a bailout
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Mar 16, 2023 17:23
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FRC suits dumped all their stock before it crashed lol, just like SVB executives did. SEC has to crawl up their assholes.
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Mar 16, 2023 17:23
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Objective Action posted:https://twitter.com/unusual_whales/status/1636392377727303680 lmao so much for the argument that this poo poo is about protecting depositors and not specific depositors hahaha
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Mar 16, 2023 17:24
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community banks: get hosed https://twitter.com/carlquintanilla/status/1636392183405195264 efb
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Mar 16, 2023 17:24
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A landing so soft we tear straight through the economy
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Mar 16, 2023 17:25
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just nationalize the bank whats the big deal
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Mar 16, 2023 17:26
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haha https://twitter.com/unusual_whales/status/1636401148994424835 https://twitter.com/faststocknewss/status/1636400118558765056
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Mar 16, 2023 17:26
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Objective Action posted:https://twitter.com/unusual_whales/status/1636392377727303680 
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Mar 16, 2023 17:26
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webcams for christ posted:community banks: get hosed
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Mar 16, 2023 17:27
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Turns out those small farmers banks actually don't get the same protection.
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Mar 16, 2023 17:27
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Pepe Silvia Browne posted:just nationalize the bank whats the big deal they essentially are, minus the profits
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Mar 16, 2023 17:27
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RealityWarCriminal posted:they essentially are, minus the profits hmmmmmmmmmmmm essentially, minus the profits?????
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Mar 16, 2023 17:28
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commercial banks dont need to have money on hand because the government will provide some for them
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Mar 16, 2023 17:28
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Delta-Wye posted:this is probably true, it's too much money chasing too few goods and services when the fed says inflation they mean wages and nothing else food, power and shelter are all irrelevant and can be added or subtracted at whims to make the number say whatever they want, but the purpose of the fed has been to suppress wages since 1972 and that is what they do
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Mar 16, 2023 17:29
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to be fair, maybe the statement was intended specifically to incite bank runs to jp morgan et al
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Mar 16, 2023 17:29
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Nothus posted:Turns out those small farmers banks actually don't get the same protection. Their own fault for not being essential to the economy
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Mar 16, 2023 17:29
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didnt this exact same scenario just happen like 3 days ago
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Mar 16, 2023 17:29
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HallelujahLee posted:didnt this exact same scenario just happen like 3 days ago What do you mean? Nothing happened 3 days ago. Why are you getting so worked up about things that didn't happen? Go pay your rent early and remember to tip.
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Mar 16, 2023 17:30
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rock hard and stoic Credit Suisse/First Republic/every other loving failson financial institution, quietly baying for the sweet relief of default, edging into eternity
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Mar 16, 2023 17:30
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"It wasn't an infinite bailout. It is just as much money as rich people need in the worst bank that is the pinnacle of human stupidity and greed. Ya'll chumps can go gently caress yourselves."
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Mar 16, 2023 17:30
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Casey Finnigan posted:i love this poo poo cause what are we working such long hours for in the usa. we don't make poo poo. we don't produce anything worthwhile. only poo poo we make is apps and they all suck Work is its own reward and hard work is always the most effective way to do anything. Just work harder *points at forehead*.
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Mar 16, 2023 17:31
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let this bank bailout be a lesson to all the other banks; dont make us bail you out or else we will look bad
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Mar 16, 2023 17:31
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| # ? May 20, 2024 19:07 |
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comedyblissoption posted:this public statement might incite bank runs defeating one of the major reasons you would want to bail svb depositors lol There was never any serious risk that SVB depositors wouldn't get back most of their money, or even all of it given enough time. A ton of this panic is entirely because the government rushed out to guarantee deposits with infinite money, making an already bad situation seem far, far worse. Now they need to walk this poo poo back because "the federal reserve has infinite money and all deposits are guaranteed" is a batshit insane statement.
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Mar 16, 2023 17:32
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