(Thread IKs:
skooma512)
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Paradoxish posted:I like how the insanity of 2020 obscures all the graphs that look as bad as or worse than 2008. If I'm reading it right, WARN notices have surpassed '08
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Apr 21, 2023 15:49
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i've been thinking about velocity of money lately and why it's needed. supposedly its a cause for inflation yet at the same time it's at an all time low. what gives?
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Apr 21, 2023 15:52
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RadiRoot posted:i've been thinking about velocity of money lately and why it's needed. supposedly its a cause for inflation yet at the same time it's at an all time low. what gives? like shooting it out of a t-shirt cannon? or one of those "make it rain" guns?
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Apr 21, 2023 15:54
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anonumos posted:It's common sense that grocery stores and suppliers are running numbers. Every frozen pizza brand has shrunk significantly. Large looks like a pre-pandemic small and that's the only size they have besides personal pan pizzas. Can't get most cereals in large boxes anymore. Cheap 30lb bags of dog food are over $20 now. All of the frozen fish sticks, chicken nuggets, Hot pockets, tator tots and stuff for my kids is both up on price and down on size. We're being robbed, while profits rise. none of this is true at costco fwiw
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Apr 21, 2023 15:56
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E:^^ Costco prices have gone up too thoughMr Hootington posted:If I'm reading it right, WARN notices have surpassed '08 Not enough pixels but I think that's right
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Apr 21, 2023 15:56
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Mr Hootington posted:If I'm reading it right, WARN notices have surpassed '08 That's also what it looks like to me, but that can't be right because nothing matters and the economy is strong.
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Apr 21, 2023 15:58
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Taima posted:I even think SA might become as popular as it once was; no one else does what we do. It's incredible and I'm tired of people talking poo poo on dead forum I've joked before about how being a goon is like being a bargain basement Freemason, and it remains true. The incompetence of pursuing a profit motive, substituted instead for the ideological drive to explain how stupid the internet makes you, has sustained itself from the initial burnout of our founder and into a sustainable second generation of leadership, which is where most organizations falter. The Brigham Young/David Miscavige style sustain-and-expand leadership of Jeff will allow the organization to continue onwards into the future, where so many others flameout in their attempts to secure more funds for Goldbelly cookies and fake spinal surgery
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Apr 21, 2023 15:58
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Paradoxish posted:I like how the insanity of 2020 obscures all the graphs that look as bad as or worse than 2008. And 2001 lol
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Apr 21, 2023 15:59
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RadiRoot posted:i've been thinking about velocity of money lately and why it's needed. supposedly its a cause for inflation yet at the same time it's at an all time low. what gives? Velocity of money basically mean that workers get paid and they go on and spend it on other things, and those who got the money will go on and spend it toward someone else, and those people get to spend it and so on, so on. But the rich got all of the money and they're not moving it around at all so now the workers don't have much to spend, and those folks who would had got the money aren't getting much as before and so on. It used to be a factor for inflation in the past, but that's ain't what happening here
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Apr 21, 2023 16:01
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^^^^^^^  RadiRoot posted:i've been thinking about velocity of money lately and why it's needed. supposedly its a cause for inflation yet at the same time it's at an all time low. what gives? normally velocity of money would be a cause of inflation but in this case it's just price gouging
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Apr 21, 2023 16:01
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You just need the money to hit 88 miles per hour and then you can go Back to Deflation!
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Apr 21, 2023 16:02
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I'm gonna break the Money barrier today
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Apr 21, 2023 16:03
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Pepe Silvia Browne posted:I'm gonna break the Money barrier today 
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Apr 21, 2023 16:05
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The issue right now is really mostly energy prices, with some increases from housing and profit taking by retailers. A lack of oil = higher prices = inflation with some other issues on the side Ardennes has issued a correction as of 17:04 on Apr 21, 2023 |
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Apr 21, 2023 16:19
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NeonPunk posted:Velocity of money basically mean that workers get paid and they go on and spend it on other things, and those who got the money will go on and spend it toward someone else, and those people get to spend it and so on, so on. It's sort of like the circulatory system, where, while you might think you want blood flowing freely throughout the body and moving at a healthy rate to keep all aspects well supplied, in fact, it is far healthier if all the blood is concentrated in the heart and doesn't move much, letting the heart enlarge to a greater size. All the unnecessary extremities are allowed to wither because they are not as important as the heart, and don't deserve the blood as much as the heart does, since the heart does all the hard work
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Apr 21, 2023 16:25
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Ardennes posted:The issue right now is really mostly energy prices, with some increases from housing and profit taking by retailers. don't forget supply chain disruptions and container shortages. it's a very complicated intertangled web and I don't know if we have enough evidence to make a very strong determination of exactly how large a role higher energy prices had. plus second-order effects like energy futures markets, etc
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Apr 21, 2023 16:25
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velocity of money is at an all time low because money supply is at an all time high and the latest money printer wave all went directly into finance capital where it is sitting in dragon hoards doing nothing look up M2 money supply for a hearty lmao did economic activity spike by almost 50% in 2020? no, in fact nearly the opposite? then velocity of money necessarily had to fall off a cliff
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Apr 21, 2023 16:25
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oh nice Chile is going to nationalize their entire lithium industry https://www.reuters.com/markets/commodities/chiles-boric-announces-plan-nationalize-lithium-industry-2023-04-21/ this follows mexico HallelujahLee has issued a correction as of 16:30 on Apr 21, 2023 |
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Apr 21, 2023 16:27
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atelier morgan posted:velocity of money is at an all time low because money supply is at an all time high and the latest money printer wave all went directly into finance capital where it is sitting in dragon hoards doing nothing the "simple" solution is that new/higher taxation is deflationary and transfer payments (i.e. redistribution) can increase the velocity of money when it's too low but these are ideologically impossible to implement in the US
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Apr 21, 2023 16:29
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HallelujahLee posted:oh nice Chile is going to nationalize their entire lithium industry no, they're going into "public-private partnerships" and the American mining multinational says they don't expect any change going forward with their operations it means government officials want more bribes and Albemarle told them this is the legal structure that will be easiest for them
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Apr 21, 2023 16:34
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Complications posted:no, they're going into "public-private partnerships" and the American mining multinational says they don't expect any change going forward with their operations Future lithium contracts would only be issued as public-private partnerships with state control, he said. The government would not terminate current contracts, but hoped companies would be open to state participation before they expire, he said, without naming Albemarle and SQM, the world's No.1 and No.2 lithium producers respectively. SQM's contract is set to expire in 2030 and Albemarle's in 2043. the second part is probably key as to why dont expect any change going forward anytime soon
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Apr 21, 2023 16:36
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HallelujahLee posted:the second part is probably key as to why dont expect any change going forward anytime soon I'm basing my take on the fact that nobody's screaming about their stuff being stolen by communists with various officials being quoted all frowny faced on the free market being infringed upon. If the State Department doesn't give a poo poo, it's just bribery with spin.
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Apr 21, 2023 16:43
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Complications posted:I'm basing my take on the fact that nobody's screaming about their stuff being stolen by communists with various officials being quoted all frowny faced on the free market being infringed upon. If the State Department doesn't give a poo poo, it's just bribery with spin. thats a fair take and im not too keen on this boric guy but im willing to give this a chance and see what happens my main concern is that im not sure what "future lithium contracts would only be issued as public-private partnerships with state control" in the context of Chile means
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Apr 21, 2023 16:45
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Mr Hootington posted:TikTok People have spoken about this before in here but I still wonder how much Number is really gonna care if a bunch of workers in the lower 75% get booted and are no longer feeding money back into the consumer market The lower gross revenue has gotta hurt eventually, right? ...right?
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Apr 21, 2023 16:51
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atelier morgan posted:velocity of money is at an all time low because money supply is at an all time high and the latest money printer wave all went directly into finance capital where it is sitting in dragon hoards doing nothing very funny how the people who always warned that it would ruin the economy if we printed money and handed it to the people who need it then turned around and ruined the economy by printing money and handing it to themselves. what a funny little trick!
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Apr 21, 2023 16:54
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Jay Powell, in his Q2 2023 Federal Reserve board of governors meeting notes was quoted on a hot mike saying "And, now, my friends, the prestige"
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Apr 21, 2023 16:56
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webcams for christ posted:don't forget supply chain disruptions and container shortages. it's a very complicated intertangled web and I don't know if we have enough evidence to make a very strong determination of exactly how large a role higher energy prices had. plus second-order effects like energy futures markets, etc The journal article posted above which much specifies that it is oil prices that are causing most of the damage. If oil prices go from $20-30 to $100-120...it is simply going to have huge downstream effects. America runs on oil and if will eventually perish if it doesn't have enough of it.
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Apr 21, 2023 17:01
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Monkey Fracas posted:People have spoken about this before in here but I still wonder how much Number is really gonna care if a bunch of workers in the lower 75% get booted and are no longer feeding money back into the consumer market you think number gives a poo poo about the economy? Number only cares about vibes now.
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Apr 21, 2023 17:05
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Any kind of widespread layoffs will probably hit more than just the lower 75% and will definitely impact the spending of wealthier (but not wealthy) Americans. An unemployment crisis that primarily affects the poor and lower middle-class is probably about the least likely outcome here.
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Apr 21, 2023 17:08
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FlapYoJacks posted:you think number gives a poo poo about the economy? Number only cares about vibes now. Thread title
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Apr 21, 2023 17:08
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https://twitter.com/mikeduncan/status/1649092456741502977
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Apr 21, 2023 17:09
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Ardennes posted:The journal article posted above which much specifies that it is oil prices that are causing most of the damage. If oil prices go from $20-30 to $100-120...it is simply going to have huge downstream effects. America runs on oil and if will eventually perish if it doesn't have enough of it. yes, Weber et al's article I posted says first-order impulse for price increases are fossil fuels, chemicals, metals, compounded by second-order bottlenecks like wood and shipping. I wasn't suggesting that oil isn't important, just that there are many more valuables in play than are currently being discussed, with the most interesting parts of the paper being all of the publicly listed companies whose profit margins grew despite all of the above.
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Apr 21, 2023 17:10
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FlapYoJacks posted:number poo poo vibes now. Mr Hootington posted:Thread title
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Apr 21, 2023 17:12
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good on Mike. I think if one listens to the whole of revolutions it basically points one to that conclusion.
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Apr 21, 2023 17:13
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Capitalism as ideology feels a lot like a runway monster that's doing as much damage to itself as its enemies. "Smart" capitalists would absolutely be pursuing policies like UBI, UHC, job guarantees, higher tax rates on the wealthy, and all kinds of other things that could theoretically sustain the current system indefinitely. That we're instead lurching towards fascism is a pretty good indicator that there's no one really controlling this thing anymore.
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Apr 21, 2023 17:18
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I haven’t been to a movie theater in 4 years but we wanted to take the kids to their first movie and see Mario (since it’s not woke). What the hell happened to ticket prices lmao? It was $15 a ticket for matinee showing then a $3 “convenience fee” per ticket on top of that. By the time I was done it was $70 for 4 tickets. I went and checked the cinemark website just to compare (was ordering in fandango) and they too had an “online ticket fee” of $2 plus tax. I don’t remember paying these dumbass fees before and now you have to reserve your seats so there’s no way around paying them. It’s obscene they’re taking after Ticketmaster. I had 4 free tickets through work so I paid $8 in the end just for the fees.
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Apr 21, 2023 17:18
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Paradoxish posted:Capitalism as ideology feels a lot like a runway monster that's doing as much damage to itself as its enemies. "Smart" capitalists would absolutely be pursuing policies like UBI, UHC, job guarantees, higher tax rates on the wealthy, and all kinds of other things that could theoretically sustain the current system indefinitely. That we're instead lurching towards fascism is a pretty good indicator that there's no one really controlling this thing anymore. were simply lurching towards capitalisms conclusion aka fascism even countries that do some of that "smart" poo poo rely on a system that is predicated on hoarding wealth for a parasite class above all else
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Apr 21, 2023 17:19
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Capitalism was failed by people. 😔
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Apr 21, 2023 17:19
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*complaining about ~Crony Capitalism~* rear end take
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Apr 21, 2023 17:23
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HallelujahLee posted:were simply lurching towards capitalisms conclusion aka fascism just in case it wasn't clear, the point of that post wasn't that capitalism is good and needs to be saved I was saying it's a system whose in-built failure points mean that it's largely incapable of self-preservation
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Apr 21, 2023 17:24
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