Spoondick posted:

if the economy is doing so bad then why is this investment vehicle carrying most of congresses personal wealth not crashing?

Spoondick posted:

there are nearly 400,000,000 guns in the united states

coelomate posted:

I don’t agree with this take. He dismisses it at the end, but the people choosing to take the risk (management, kinda shareholders) are the ones that ate poo poo before and will be if it happens again. “but my depositors were made whole” the CFO says as he is unemployed and embarrassed by the downfall of his bank?

like management are capitalist ghouls and will be fine, but they still want to avoid getting canned when their venture goes up in smoke.

On top of that, depositors have more or less always been implicitly protected in our system by the feds doing shotgun marriages and the like when things get dicey. It’s hardly a new paradigm, just temporarily more explicit.

quote:

For the 158 million who are employed, prospects haven’t been this bright since men landed on the moon. As many as half of those workers have retirement accounts that were fattened by a prolonged bull market in stocks. There are 83 million owner-occupied homes in the United States. At the rate they have been increasing in value, a lot of them are in effect a giant piggy bank that families live inside.

quote:

1066 was the pivot point. Taking the Germanic Anglo Saxon crown as a Romantic Lingual Norman led us to the Anglo language and it's effects on man and society today.

Mirthless posted:

You should read up on history between 2006 and 2008, it seems you may have rip van winkled your way past some very important information

coelomate posted:

I don’t agree with this take. He dismisses it at the end, but the people choosing to take the risk (management, kinda shareholders) are the ones that ate poo poo before and will be if it happens again. “but my depositors were made whole” the CFO says as he is unemployed and embarrassed by the downfall of his bank?

like management are capitalist ghouls and will be fine, but they still want to avoid getting canned when their venture goes up in smoke.

On top of that, depositors have more or less always been implicitly protected in our system by the feds doing shotgun marriages and the like when things get dicey. It’s hardly a new paradigm, just temporarily more explicit.

StealthArcher posted:

1066

StealthArcher posted:

Pittsburgh Fentanyl Cloud posted:

https://www.nytimes.com/2022/05/10/business/economy-boom-times.html


May 10, 2022

I am now 100% convinced that the consumer market is being driven entirely by people doing cash out refis to buy boats and poo poo.

Frosted Flake posted:

He meant caned. They can avoid getting caned for the damage they do.

coelomate posted:

cool av posted:

all

time

highs

Jel Shaker posted:

box of rocks labelled nickel in the vault at the bank has been financially engineered to be worth $4 billion, just don’t look inside, the whole economy will collapse!

Gunshow Poophole posted:

they’re Schrodinger's minerals, Marie!!

shrike82 posted:

https://twitter.com/BusinessInsider/status/1638175089454882819?s=20

shrike82 posted:

https://twitter.com/BusinessInsider/status/1638175089454882819?s=20

forkboy84 posted:

My old man, half jokingly and half seriously, has become obsessed with the idea of kicking anyone descended from people who came to Britain with the Normans. It's not the worst idea

Buffer posted:

We're going to kill the very concept of money in order to prevent rich people from losing anything and I am very excited for it.

Pittsburgh Fentanyl Cloud posted:

The coming generation of $100k six ton electric mall terrain vehicles that do 0-60 in 3 seconds flat are going to leave so many smeared children all over America

SKULL.GIF posted:

Really staying on the ball there, Janet.

https://twitter.com/DeItaone/status/1638182959747407873

Frosted Flake posted:

Like, from Wales and Ireland, or ..?

I don't want to get too into it but during the Völkerwanderung, Norman Conquest, Magyar migration into the Carpathian basin, Bulgar move into the Balkans, etc. what you really see on the population level is called "Elite Replacement". That means that the existing top of a society is killed in battle, flees, is deposed, or as often as not, marries into the conquerors, but 90% of the population sees no real change. They simply pay taxes to new lords, and even then, usually through the same middlemen.

Over time, language changes, always at the top, then at the middle, of society, but really until liturgical languages are codified, not for the bottom. Material culture very rarely changes at the bottom as well. The reason it's easy to get the impression that it has is that of course nearly all works of art and monumental architecture that would survive were commissioned by the top strata of society. Another way to say that would be that castle architecture changes and the designs of gold chalices, but the design of houses and wooden cups does not. The bias is that the former are much more likely to have been preserved.

Exceptions to this are somewhat rare, but are interesting in their own right. For example, in the centuries after the Arab conquest of Egypt, the Arabs made a deliberate decision to move into the villages, which the Greeks and Romans had never done. Another factor for changes in the wake of the Islamic conquests would be that, pretty much all of the conquered areas were nicer than Arabia so the imperial core shifted and there was mass emigration out of the peninsula.

Mostly, it's the continuation of class society that prevented much interaction at the population level. For many people to be descended from Norman knights and nobility would require them to "marry down", and enter unions with peasants. They did, of course, marry into elite Saxon families quite often, but those families retained their Norman identity and many of them are easily identifiable today because they still have patronymic indicators like "Fitz".

The more I think about this the more I realize that expelling the Normans and expelling the British ruling class are nearly synonymous, and so I'm finding it hard to really argue against it.

1glitch0 posted:

I think the banking system is about to collapse.

SorePotato posted:

Destroy America already come on