(Thread IKs:
skooma512)
|
HallelujahLee posted:last time i checked it was like 0.1% but yeah lol I like how banks don't even explain why keeping your money in a savings account is good or worthwhile anymore. gently caress you, where else are you gonna put it, that's why
|
#
?
Apr 18, 2023 13:25
|
|
|
|
| # ? May 30, 2024 21:50 |
|
|
Pepe Silvia Browne posted:gently caress you, where else are you gonna put it, that's why you got it
|
|
#
?
Apr 18, 2023 13:27
|
|
|
Have a WSJ story about a paper I linked the week after the SVB collapse. https://twitter.com/lisaabramowicz1/status/1648300259334823936?t=kX7Hs5s1pFkJZf-Q4_GEGQ&s=19
|
|
#
?
Apr 18, 2023 13:29
|
|
|
It's all interconnected right? QE and near zero interest rates means safe instruments like treasuries get next to no yield while high-risk investments go gangbusters, banks still need to invest in safe things because of risk profiles, it doesn't matter because interest rates are low everywhere.... then ending QE and raising rates kills the banks. So they resume QE.... Fundamentally done to maintain the social order as it was prior to the collapse of financial capitalism in 2008.
|
|
#
?
Apr 18, 2023 13:30
|
|
|
Mr Hootington posted:Have a WSJ story about a paper I linked the week after the SVB collapse. I'm so glad our economy is run by smart people
|
|
#
?
Apr 18, 2023 13:46
|
|
|
cool av posted:lol. What's it like, JP Morgan? What's it like to see and predict the obvious doom and be constantly cucked by ALL TIME HIGHS? JOIN US lol I just had a mental image of like an 1800s banker guy waking up (or like cloned or whatever) and finding CSPAM and getting crack pinged in 5 minuts and doom posting in the econ thread
|
|
#
?
Apr 18, 2023 13:54
|
|
|
Xaris posted:good. the wedding industrial complex is insane and should be destroyed. i've been with my partner for like 13 years and we're defacto married except not actually; i have zero desire or interest in a "trad" wedding that just completely wipes out our entire bank account. i'd rather just put the money towards a nice vacation instead. oh no i just found my fiancee's SA account
|
|
#
?
Apr 18, 2023 13:58
|
|
|
https://twitter.com/WSJ/status/1648306667086389248?s=20 gonna need to start believing (for time off)
|
|
#
?
Apr 18, 2023 13:59
|
|
|
ikanreed posted:I'm so glad our economy is run by smart people the free market is most efficient when running yourself into the ground and get bailouts
|
|
#
?
Apr 18, 2023 14:00
|
|
|
fits my needs posted:https://twitter.com/WSJ/status/1648306667086389248?s=20 lol, pretty sure the court knows that reversing this would open pandora’s box on capital. not happening.
|
|
#
?
Apr 18, 2023 14:04
|
|
|
mycomancy posted:I mean, how else would you make flavored liquors at scale? no, not flavored liquours. All alcohol. Tequilla, Brandy, whisky, burbon, all the mixer poo poo it's all made the same way: putting artificial flavoring into ethanol. There's specific chemical compounds that they've extracted that produce the taste of aging in wooden casks, so those get added, etc. e: not all alchohol in the sense of every litre produced, all alcohol in the sense that every category has at least some brands that are just flavored vodka, even if they say 'burbon' on the label. Harik has issued a correction as of 14:10 on Apr 18, 2023 |
|
#
?
Apr 18, 2023 14:07
|
|
|
fits my needs posted:https://twitter.com/WSJ/status/1648306667086389248?s=20 Supreme Court removing religious protections would be 🌶
|
|
#
?
Apr 18, 2023 14:08
|
|
|
Harik posted:no, not flavored liquours. All alcohol. It's kinda hosed that the shiners deliver an overall better product, for want of a column still.
|
|
#
?
Apr 18, 2023 14:15
|
|
|
These loving freaks think we're still riding Brandon's $1400 from 3 years ago. https://twitter.com/DeItaone/status/1648310455394238464
|
|
#
?
Apr 18, 2023 14:19
|
|
|
even if there somehow was a bit left over WHY THE gently caress DO PEOPLE HAVE TO SPEND IT
|
|
#
?
Apr 18, 2023 14:21
|
|
|
i am harry posted:even if there somehow was a bit left over WHY THE gently caress DO PEOPLE HAVE TO SPEND IT because that money rightfully belongs to capital, we're just allowed to have it for long enough to decide which of our masters will get it.
|
|
#
?
Apr 18, 2023 14:23
|
|
|
 They're convinced there's still money out there in the little peoples' hands that they haven't gotten yet and by god, they're going to get it by any means necessary.
|
|
#
?
Apr 18, 2023 14:24
|
|
|
SKULL.GIF posted:These loving freaks think we're still riding Brandon's $1400 from 3 years ago. How loving weak does the economy have to be that $1400 from 3 years ago is a critical pillar preventing the whole house of cards from collapsing
|
|
#
?
Apr 18, 2023 14:33
|
|
|
it isnt its just because they want to destroy any notion that they will ever do that again of course those savings disappeared ages ago $1400 is literally nothing
|
|
#
?
Apr 18, 2023 14:36
|
|
|
I know, I'm just incredibly sick of "the economy is strong" followed immediately by "but people need to stretch $1400 over three years to not die"
|
|
#
?
Apr 18, 2023 14:39
|
|
|
Paradoxish posted:I know, I'm just incredibly sick of "the economy is strong" followed immediately by "but people need to stretch $1400 over three years to not die" its def very annoying and terrible but those parasites are paid tons of money to spout this garbage out till the very end unfortunately all we can do is combat their bullshit unless the american people decide to start doing organized mass militant protesting and general strikes then maybe we can get somewhere
|
|
#
?
Apr 18, 2023 14:41
|
|
|
It is thr PPP money
|
|
#
?
Apr 18, 2023 14:41
|
|
|
Joe Biden has failed once again
|
|
#
?
Apr 18, 2023 14:42
|
|
|
Mr Hootington posted:It is thr PPP money yeah it’s not the poor’s savings they’re talking about they know that sweet PPP money is still lining someone’s pocket, and it’s not theirs, and that offends them like on a deep, personal level they—each individually—feel slighted that someone, anyone has excess* savings. only they should have excess! *excess is all money not owned by them.
|
|
#
?
Apr 18, 2023 14:45
|
|
|
captainbananas posted:Unemployment Insurance has a typically absurd funding scheme. The Feds provide a trench of money in block grants to States that is "raised" by the tax on employers, along with additional funding for specific oversight programs (always about clawing back "improper" overpayments, never about correcting underpayments) mandated by laws like the Improper Payment Recovery Act (or some poo poo like that) which started under Carter but continue to be built on like a poo poo tower under a park toilet. What's so absurd about FUTA?
|
|
#
?
Apr 18, 2023 14:53
|
|
|
if people start saving too much money that means that the D slur is gaining power and the real fun begins
|
|
#
?
Apr 18, 2023 14:57
|
|
|
Pittsburgh Fentanyl Cloud posted:because that money rightfully belongs to capital, we're just allowed to have it for long enough to decide which of our masters will get it. quote:liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. Purge the rottenness out of the system. High costs of living and high living will come down. ... enterprising people will pick up the wrecks from less competent people.
|
|
#
?
Apr 18, 2023 15:09
|
|
|
Pittsburgh Fentanyl Cloud posted:
Hrm... I wonder how much excess savings the top 50% have... hrm... better not look into that at all...
|
|
#
?
Apr 18, 2023 15:11
|
|
|
Wow, President Andrew Mellon!
|
|
#
?
Apr 18, 2023 15:14
|
|
|
sullat posted:What's so absurd about FUTA? Fiscal Federalism [tm] is always a race to the bottom. Just run it all at the federal level like social security and stop letting lovely people run their petty fiefdoms; it's part of the same drat law anyhow.
|
|
#
?
Apr 18, 2023 15:16
|
|
|
more contradictions incoming https://twitter.com/firstsquawk/status/1648327984976130048
|
|
#
?
Apr 18, 2023 15:16
|
|
|
Mr Hootington posted:It is thr PPP money It's also the huge value gains on assets, crypto, and real estate that some people were able to convert to liquid savings.
|
|
#
?
Apr 18, 2023 15:23
|
|
|
 https://twitter.com/gazpromen/status/1648330663030931456
|
|
#
?
Apr 18, 2023 15:30
|
|
|
Nothus posted:It's also the huge value gains on assets, crypto, and real estate that some people were able to convert to liquid savings. Yep. The majority of excess savings is in the top 40% of Americans. This is why there is an entrenched belief that companies and the economy can pivot to only supporting that cohort and can survive.
|
|
#
?
Apr 18, 2023 15:31
|
|
|
getting trump bux and skipping house payments for 12 months allowed me to pull forward on financial stability that probably would of taken 3-4x as long
|
|
#
?
Apr 18, 2023 15:42
|
|
|
Koirhor posted:getting trump bux and skipping house payments for 12 months allowed me to pull forward on financial stability that probably would of taken 3-4x as long I know people who used the Berniebucks to get a little financial stability for the first time in their lives, put together a resume, and get out of lovely low-paying service jobs and into careers for the first time in their lives. That's why the people in charge will never permit anything like that to happen ever again.
|
|
#
?
Apr 18, 2023 15:44
|
|
|
Koirhor posted:getting trump bux and skipping house payments for 12 months allowed me to pull forward on financial stability that probably would of taken 3-4x as long it's very funny that, entirely because of emergency covid measures, donald trump gave me more as president than any other president ever has lol
|
|
#
?
Apr 18, 2023 15:45
|
|
|
Pepe Silvia Browne posted:it's very funny that, entirely because of emergency covid measures, donald trump gave me more as president than any other president ever has lol poo poo, not only did President Trump give money to the people, the motherfucker legalized weed through the 2018 farm bill.
|
|
#
?
Apr 18, 2023 15:47
|
|
|
White text on Orange to yellow gradient should also be an act of war
|
|
#
?
Apr 18, 2023 15:48
|
|
|
|
| # ? May 30, 2024 21:50 |
|
|
Twerk from Home posted:poo poo, not only did President Trump give money to the people, the motherfucker legalized weed through the 2018 farm bill. and he gave us one of the funniest photographs of all time literally every single time someone took a picture of him during those 4 years
|
|
#
?
Apr 18, 2023 15:49
|
|