[Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

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(Thread IKs: skooma512)

anime was right: Jun 27, 2008; death is certain
keep yr cool

idk. pete's pretty small. he's probably on the side of an entree.

# ? Mar 19, 2023 06:23

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# ? May 25, 2024 03:54

Beeftweeter: Jun 28, 2005; OFFICIAL #1 GNOME FAN

pete just likes to gnaw on the cardboard packaging

# ? Mar 19, 2023 06:25

Shipon: Nov 7, 2005

Grand Theft Autobot posted:

Teddy was pro-monopoly because he correctly saw that Capitalism, in actual practice, leads inevitably towards monopoly, and that fighting monopolies would be an endless cycle for the government. So, he believed monopolies should be allowed to exist if they operated for the public good. There is some doomed legislation Teddy tried passing late in his second term that would have started us on the road to Communism with American Characteristics.

monopolies with heavy state regulation or outright nationalization will always, always outperform (in terms of value and production delivered to society) the myth of the small business marketplace, because competitive markets are a joke of a concept and just result in massive inefficiency

# ? Mar 19, 2023 06:26

DancingShade: Jul 26, 2007; by Fluffdaddy

Oglethorpe posted:

https://twitter.com/POLITICOEurope/status/1637129006817370117

https://twitter.com/KJ00355197/status/1637164758901092359

https://twitter.com/SLCSocialist/status/1637180252068933632

They French are a wonderful kind people. Which means if you've pissed them off enough they won't hold back. After all, they already tried the nice route and got spurned. They can also do ultraviolence if the nice route doesn't get through.

# ? Mar 19, 2023 07:00

DancingShade: Jul 26, 2007; by Fluffdaddy

shrike82 posted:

https://twitter.com/CNN/status/1636234611436003328?s=20

This isn't a collapse so much as a reversion to the norm. Families will need to stick together, if possible. For survival if not purely economic reasons.

Back to the era of multi generational households. Like the rest of the world which never stopped doing that.

I can see why it seems cataclysmic to people who only ever knew the golden era of plenty, though.

# ? Mar 19, 2023 07:02

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Maed posted:

hey I got one of those too!

https://www.youtube.com/watch?v=C9tVb5ke4g8

i used to watch dan bell's dead mall series for over a decade now and the most surprising thing is no one has ever found a dead body in one of these

# ? Mar 19, 2023 07:12

Shipon: Nov 7, 2005

DancingShade posted:

This isn't a collapse so much as a reversion to the norm. Families will need to stick together, if possible. For survival if not purely economic reasons.

Back to the era of multi generational households. Like the rest of the world which never stopped doing that.

I can see why it seems cataclysmic to people who only ever knew the golden era of plenty, though.

it's a shame it was because of economic conditions collapsing because multigenerational households would probably be healthier for this society

# ? Mar 19, 2023 07:20

anime was right: Jun 27, 2008; death is certain
keep yr cool

Shipon posted:

it's a shame it was because of economic conditions collapsing because multigenerational households would probably be healthier for this society

yeah multigen households are good. theyre denser with all the benefits that come of that, and make things like childcare and eldercare much cheaper and more manageable as a society. its just our housing environment is built entirely for like two specific generations to live independently and to kick their kids out and not for three-four generations to live together

# ? Mar 19, 2023 07:26

Lessail: Apr 1, 2011; tell me how vgk aren't playing like shit again

p.s. help my grapes are so sour!

too many cspam posters getting hyped about the french protests, we all know what that means

# ? Mar 19, 2023 07:48

DancingShade: Jul 26, 2007; by Fluffdaddy

Lessail posted:

too many cspam posters getting hyped about the french protests, we all know what that means

Too many sugary alcoholic drinks yeah. They should drink more respectable western european drinks.

Like chugging a whole bottle of champers, that sort of thing.

# ? Mar 19, 2023 07:50

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Lessail posted:

too many cspam posters getting hyped about the french protests, we all know what that means

french people have lost their protest pizzazz. the yellow vest protests were mostly a joke: like macron's tax-cuts-4-rich ppl went through, and some other social cuts, but he cut the gas-tax increase. it appears french politicans just package a whole bunch of heinous poo poo together, wait for some protests to blow up and lose steam, then announce you're cutting 1 of the bad things you were going to do and implement the rest and it just kinda fizzles out and returns to normal, but ratcheted downward

then again i guess this is how america works but without even protesting

# ? Mar 19, 2023 07:55

skooma512: Feb 8, 2012; You couldn't grok my race car, but you dug the roadside blur.

War and Pieces posted:

Philadelphia literally has the Gates of Hell as a tourist attraction.

https://philamuseum.org/collection/object/103360

In Philly do they argue about which Oblivion gate is the most authentic or whether to apply cheese whiz to the daedra gangs?

# ? Mar 19, 2023 09:05

shrike82: Jun 11, 2005

# ? Mar 19, 2023 09:40

fanfic insert: Nov 4, 2009

shrike82 posted:

lmao

# ? Mar 19, 2023 11:06

Pidgin Englishman: Apr 30, 2007; If you shoot
you better hit your mark

That can't be real

# ? Mar 19, 2023 11:15

Popoto: Oct 21, 2012; miaow

shrike82 posted:

lmao

I�d roll with it and add a new funemployed saying �you�ll never find a more qualified redflag engineer�

# ? Mar 19, 2023 11:41

DancingShade: Jul 26, 2007; by Fluffdaddy

Popoto posted:

lmao

I�d roll with it and add a new funemployed saying �you�ll never find a more qualified redflag engineer�

"Just think of me as a human spanner you can deploy to your rival's project team so you can get that promotion"

# ? Mar 19, 2023 11:49

dads friend steve: Dec 24, 2004

Thorn Wishes Talon posted:

kamala won't ever run anything. pete is a psycho but he's on our side (meaning Dems. you leftists don't really matter) and eviscerates conservatives very well. he has my vote tbh

Pete �Badass� Buttigieg

# ? Mar 19, 2023 12:12

webcams for christ: Nov 2, 2005

BTC +$6,500 in the last week

https://twitter.com/crypto/status/1636834795287183362

# ? Mar 19, 2023 12:22

webcams for christ: Nov 2, 2005

Shotgun Wedding imminent

https://twitter.com/DeItaone/status/1637419384447614977 https://twitter.com/DeItaone/status/1637419552899309572 https://twitter.com/BloombergAsia/status/1637373210269306880

# ? Mar 19, 2023 12:45

i say swears online: Mar 4, 2005

one billion seems very low

# ? Mar 19, 2023 13:02

meanolmrcloud: Apr 5, 2004; rock out with your stock out

credit sheesh

# ? Mar 19, 2023 13:02

webcams for christ: Nov 2, 2005

FT with details:

quote:

The all-share deal between Switzerland�s two biggest banks is set to be signed as soon as Sunday evening and will be priced at a fraction of Credit Suisse�s closing price on Friday, all but wiping out the target�s shareholders
...
The offer was communicated on Sunday morning with a price of SFr0.25 a share to be paid in UBS stock, far below Credit Suisse�s closing price of SFr1.86 on Friday
...
UBS has also insisted on a material adverse change that voids the deal if its credit default spreads jump by 100 basis points or more, they added.
...
The situation is fast-moving and there is no guarantee that terms will remain the same or that a deal will be reached
...
On Saturday night, the Swiss cabinet assembled in the finance ministry in Bern for a series of presentations from government officials, the SNB, market regulator Finma, and representatives of the banking sector.

The government is preparing emergency measures to fast-track the takeover and plans to introduce legislation that will bypass the normal six-week consultation period required for UBS shareholders so the deal can be sealed immediately, the people said.
...
Swiss authorities have already secured preapproval from relevant regulators in the US and Europe which are expected to issue co-ordinated statements today.
...
UBS is seeking concessions and protections from the government, particularly from any pending legal cases and regulatory investigations into Credit Suisse that could result in fines or losses, the FT has reported.
...
UBS also wants to be allowed to phase in any extra demands it would face under global rules on capital that govern the world�s biggest banks.

lmao at the Saudi National Bank buying a 9.9% stake in CS for 1.4 billion CHF in October at 3.82 CHF / share.
if the sale to UBS happens at 0.25 CHF / share, that will be a 93.46% loss in like 5 months

# ? Mar 19, 2023 13:11

i say swears online: Mar 4, 2005

webcams for christ posted:

FT with details:

lmao at the Saudi National Bank buying a 9.9% stake in CS for 1.4 billion CHF in October at 3.82 CHF / share.
if the sale to UBS happens at 0.25 CHF / share, that will be a 93.46% loss in like 5 months

lol, lmao

# ? Mar 19, 2023 13:15

coelomate: Oct 21, 2020

WSJ with some nice math on why everyone is trying to waive laws and votes and move fast here:

quote:

The urgency on the part of regulators was prompted by an increasingly dire outlook at Credit Suisse, according to one of the people. The bank faced as much as $10 billion in outflows a day last week, this person said. The regulators feared that the bank would become insolvent next week if not dealt with, and they were concerned crumbling confidence could spread to other banks.

https://www.wsj.com/articles/ubs-in-talks-to-take-over-credit-suisse-ed932b01

lmao 10 bil a day gonna eat through that 50 bil lifeline pretty quick. Good luck global financial system!

# ? Mar 19, 2023 13:23

webcams for christ: Nov 2, 2005

yeah, the Federal Council of Switzerland would be using Article 185 of the constitution to bypass the normal regulatory process:

quote:

Art. 185 External and internal security

1 The Federal Council takes measures to safeguard external security, independence and neutrality of Switzerland.

2 It takes measures to safeguard internal security.

3 It may in direct application of this Article issue ordinances and rulings in order to counter existing or imminent threats of serious disruption to public order or internal or external security. Such ordinances must be limited in duration.

# ? Mar 19, 2023 13:31

i say swears online: Mar 4, 2005

let them fight

https://twitter.com/DeItaone/status/1637433299709620224

# ? Mar 19, 2023 13:39

coelomate: Oct 21, 2020

i say swears online posted:

let them fight

https://twitter.com/DeItaone/status/1637433299709620224

Sudden death overtime Sunday bank fight LET'S loving GO

# ? Mar 19, 2023 13:42

forkboy84: Jun 13, 2012; Corgis love bread. And Puro

webcams for christ posted:

FT with details:

lmao at the Saudi National Bank buying a 9.9% stake in CS for 1.4 billion CHF in October at 3.82 CHF / share.
if the sale to UBS happens at 0.25 CHF / share, that will be a 93.46% loss in like 5 months

That rules. I hope this happens, it will be funny. Although not as funny as CS going under.

# ? Mar 19, 2023 13:43

i say swears online: Mar 4, 2005

decent thread for noobs

https://mobile.twitter.com/PursuingFi/status/1637212839327703041

# ? Mar 19, 2023 13:44

i say swears online: Mar 4, 2005

check the most recent retweet

https://mobile.twitter.com/CreditSuisse

# ? Mar 19, 2023 13:48

19 o'clock: Sep 9, 2004; Excelsior!!!

i want an emergency weekend meeting where I get a shitload of money after loving up my finances for fifteen years

# ? Mar 19, 2023 13:52

Cuttlefush: Jan 15, 2014; gotta have my purp

19 o'clock posted:

i want an emergency weekend meeting where I get a shitload of money after loving up my finances for fifteen years

# ? Mar 19, 2023 13:53

webcams for christ: Nov 2, 2005

lol it was bound to happen sooner or later, but Saudi national bank Chairman Ammar Al Khudairy's blunt comments about " absolutely not" raising their stake in CS was what finally sent CS into a terminal tailspin. having to eat a huge loss on their investment doesn't sound like collateral damage

Adam Tooze had a hilarious comment in November when he was asked what is the biggest challenge facing Switzerland:

"I mean, it's obvious, right? We all know what Switzerland can and should do. Do I really have to say that out loud? We can't afford Credit Suisse, guys, what's going on here? This is crazy."

# ? Mar 19, 2023 13:58

webcams for christ: Nov 2, 2005

19 o'clock posted:

i want an emergency weekend meeting where I get a shitload of money after loving up my finances for fifteen years

an emergency weekend meeting where you loose 86.48% of your market cap and have to fire 10,000+ workers

# ? Mar 19, 2023 13:59

BRAKE FOR MOOSE: Jun 6, 2001

Pittsburgh Fentanyl Cloud posted:

I'm doing double principle payments on my mortgage to pay it off by 2026 and I got poo poo on in this very thread by someone for doing that instead of putting the extra $700/mo into "investments"

all depends on rates. I'd be a giant moron to pay mine down because I'd lose compared even to HYSAs

# ? Mar 19, 2023 14:23

SKULL.GIF: Jan 20, 2017

Lol 1 billion. One freaking billion for a bank with over a trillion in assets.

# ? Mar 19, 2023 14:27

Orvin: Sep 9, 2006

i say swears online posted:

check the most recent retweet

https://mobile.twitter.com/CreditSuisse

Yup, your largest investor trying to quietly put out the raging inferno they carelessly threw the lit match at.

Sounds like the CS investors get slightly more than a ~~snickers bar~~ Toblerone for their shares. But at a couple cents on the dollar, it might as well be.

# ? Mar 19, 2023 14:30