[Doomsday Economics] your economic system is a piece of shit

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] your economic system is a piece of shit

(Thread IKs: skooma512)

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

RealityWarCriminal posted:

is this true? did no economist notice this?

when SVB crashed, they explained that due to rolled back regulations, SVB didn�t qualify to be included for any fed stress testing, and maybe did some internal testing or maybe not? the economist reverted their natural state: everything is ok and will go up.

# ? Apr 29, 2023 14:23

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# ? Jun 6, 2024 11:58

coelomate: Oct 21, 2020

meanolmrcloud posted:

when SVB crashed, they explained that due to rolled back regulations, SVB didn�t qualify to be included for any fed stress testing, and maybe did some internal testing or maybe not? the economist reverted their natural state: everything is ok and will go up.

hedging interest rate risk costs money and honesty what are the odds that rates ever rise above 0 to 2 percent anyway?

# ? Apr 29, 2023 14:25

DrPossum: May 15, 2004; i am not a surgeon

Xaris posted:

correct. i would also say that's their function in the self-organizing system as an organ to the machine is to intentionally be stupid.

i keep going back to bernard stiegler recently because 'cerebral desertification' of even the elite is such a good phrase:

*me chuckling to myself* But I *do* always have a calculator, dear math teacher.

# ? Apr 29, 2023 14:36

Nodelphi: Jan 30, 2004; We are all quite capable of believing in anything as long as it's improbable.; Ham Wrangler

DrPossum posted:

*me chuckling to myself* But I *do* always have a calculator, dear math teacher.

It�s sad that most grade school education can be replaced by a calculator, a word processor, and a search engine.

# ? Apr 29, 2023 14:54

sullat: Jan 9, 2012

Greatbacon posted:

I finally finished Currency of Politics today and one comment in the conclusion was essentially "Central bankers are very good at keeping their mouths shut."

Or as Alan Greenspan said in 1987 "I've learned to mumble with great incoherence."

Someone shoulda told J POW before he told those Russian pranksters he's crashing the economy to crush wages on the behest of the stock market.

# ? Apr 29, 2023 14:57

AvesPKS: Sep 26, 2004; I don't dance unless I'm totally wasted.

Nodelphi posted:

It’s sad that most grade school education can be replaced by a calculator, a word processor, and a search engine.

So you're saying our entire economy depends on the wifi not going out...

# ? Apr 29, 2023 15:10

euphronius: Feb 18, 2009

Nodelphi posted:

It�s sad that most grade school education can be replaced by a calculator, a word processor, and a search engine.

search engines not so much anymore. so education is back to being needed

# ? Apr 29, 2023 15:55

Paradoxish: Dec 19, 2003; Will you stop going crazy in there?

meanolmrcloud posted:

someone is doing this for an old catholic grade school that�s been in disrepair in the next town over. it�s been neglected for 2 decades and is right on the main drag that�s been redeveloped in that time, but it�s still an odd thing to do. the faux expensive looking windows, landscaping and other improvements look fuckin stupid on what was obviously a school from the 1930s. I�ve never looked up the prices but shocker, it�s outrageous for a Midwest metro area.

These prices are just "normal" now. If you're building new apartments (or renovating an existing building into apartments) you're going to charge major metro prices no matter where you are in the country, because nobody is developing anything that's going to bring in less money. There's a built-in assumption that renters can pay because the alternative is a $3k/mo mortgage if you're lucky, and even the people who could afford the higher mortgage probably can't afford to save the down payment.

15 years ago my city's downtown was generally nothing but older, lower income apartments in the $800-1200/mo range. Now it's filled with luxury apartment buildings that start at $2k for a studio on a 12-month lease, with no less than three similar complexes going right up now. It's batshit insane.

# ? Apr 29, 2023 15:57

Centrist Committee: Aug 6, 2019

SKULL.GIF posted:

https://twitter.com/FirstSquawk/status/1652047219552296986

who�s next?

# ? Apr 29, 2023 16:21

SKULL.GIF: Jan 20, 2017

Centrist Committee posted:

who�s next?

# ? Apr 29, 2023 16:31

OBAMNA PHONE: Aug 7, 2002

Beached Whale posted:

which was apparently the second time he'd gotten COVID in a year and that I should "go get checked" like he'd given me some sort of realtor transmitted disease. Stopped talking to him pretty quickly after that.

EDIT: Also remembering a hilarious anecdote where he was about 15 minutes late to the showing because his giant escalade got stuck in a tiny Pittsburgh alleyway

coining it now, RTDs

# ? Apr 29, 2023 16:37

jacksbrat: Oct 15, 2012

I have to watch USD/EUR and USD/GBP exchange rates and there's now a nice little cyclical pattern where USD rallies when monthly jobs, GDP, etc number is not as dire as expected, then tanks when material reality sets in in the form of bank failures.

# ? Apr 29, 2023 16:41

webcams for christ: Nov 2, 2005

the DXY movements seem to be more responsive to a broader range of inputs this year, versus 2022 when it seemed to be laser focused on Fed interest rate hikes

# ? Apr 29, 2023 16:46

Bar Ran Dun: Jan 22, 2006

Zodium posted:

cerebral desertification is a function of specialization of labor, of behavior, which flows from capitalism narrowing behavioral niches to maximize profit and strangling niches which threaten stability, i.e., which don't reproduce Capital. humans are not omni-tools, but through education and practice are able to shape ourselves into specialized shapes to fit a particular niche. as these niches narrow, regardless of the nature of that niche or trophic level we occupy, so does what's conventionally called our cognition, but we aren't becoming stupider. our behavior is being channeled, in a manner of speaking, by presenting only the perceptual, ecological variables which facilitate capitalism.

back before the asteroid theory won out there was a competing explanation that was basically along the lines of the more specialized and sophisticated and interconnected the niches evolved into were, the more likely they were to die off in a mass extinction. that�s also the good health ecosystem you want though.

complicating matters are niches and this is a problem for how you are thinking. think of carcinisation. niches do not go away after a mass extinction. they reappear, similar forms evolve again from different origins. elephants and giraffes are like sauropods, dolphins are like ichthyosaurs, the many times crabs have arisen.

niches reappear after a mass extinction and are evolved into again. that�s a major problem, not for how you think, but for particular solution sets that arise from how you are thinking.

# ? Apr 29, 2023 17:01

Ardennes: May 12, 2002

webcams for christ posted:

the DXY movements seem to be more responsive to a broader range of inputs this year, versus 2022 when it seemed to be laser focused on Fed interest rate hikes

Admittedly that makes sense as the situation has become more complicated and both rate rises and the differences between interest rates has greatly slimmer down.

Ardennes has issued a correction as of 18:01 on Apr 29, 2023

# ? Apr 29, 2023 17:57

cat botherer: Jan 6, 2022; I am interested in most phases of data processing.

Xaris posted:

correct. i would also say that's their function in the self-organizing system as an organ to the machine is to intentionally be stupid.

i keep going back to bernard stiegler recently because 'cerebral desertification' of even the elite is such a good phrase:

I'm way too hungover to understand that quote, but it sounds not great.

# ? Apr 29, 2023 18:01

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

euphronius posted:

search engines not so much anymore. so education is back to being needed

I was at a used bookstore today and I picked up a book on bicycle maintenance because I keep thinking specialist knowledge is going to be harder and harder to get off the internet

Lol people who still have encyclopedias will have a leg up

# ? Apr 29, 2023 18:02

RealityWarCriminal: Aug 10, 2016

it's going to be really sad when Wikipedia finally has to shut down. thankfully i still have my encarta cds.

# ? Apr 29, 2023 18:04

veepfake: Oct 21, 2005

yeah sometimes i wonder, like, how much incentive is there in this country to actually remember things? i mean, it's good to do and i should probably do it more, but even tho im an uneducated piss-poor coder, im still able to like do my job well enough by looking stuff up on the internet.

but like, i at least remember having a few telephone numbers memorized to call. idk

yep, don't need THIS anymore *gets a lobotomy*

# ? Apr 29, 2023 18:27

Popoto: Oct 21, 2012; miaow

a_gelatinous_cube posted:

Yeah, 2020 is why we will never ever have a quarantine again.

as long as no one is ever stuck doing nothing again, we'll be fine protest wise

*lays off 35% of the nation's workforce to force wages down*

# ? Apr 29, 2023 18:32

Paradoxish: Dec 19, 2003; Will you stop going crazy in there?

gradenko_2000 posted:

I was at a used bookstore today and I picked up a book on bicycle maintenance because I keep thinking specialist knowledge is going to be harder and harder to get off the internet

Lol people who still have encyclopedias will have a leg up

I have plumbing, electrical, and HVAC books that I still find generally more useful than internet searches, even as someone who routinely says that YouTube is a great repository of knowledge on that stuff. My Bentley repair manuals are also objectively better sources of information for car bullshit than any video or article I've ever run across.

The thing about internet sources is that they were super easy and convenient to find so they didn't have to be perfect but lol at ad-chasing just utterly destroying that one advantage.

# ? Apr 29, 2023 18:46

Stinky Wizzleteats: Nov 26, 2015; Can't post for 13 hours!

My massive 89' Webster encyclopedia/dictionary is my only really treasured possession. I'd haul that tome across the wasteland even tho I didn't pick up strong back and it's hardcore mode and my str is like a 3 at best

# ? Apr 29, 2023 18:46

Centrist Committee: Aug 6, 2019

Bar Ran Dun posted:

back before the asteroid theory won out there was a competing explanation that was basically along the lines of the more specialized and sophisticated and interconnected the niches evolved into were, the more likely they were to die off in a mass extinction. that�s also the good health ecosystem you want though.

complicating matters are niches and this is a problem for how you are thinking. think of carcinisation. niches do not go away after a mass extinction. they reappear, similar forms evolve again from different origins. elephants and giraffes are like sauropods, dolphins are like ichthyosaurs, the many times crabs have arisen.

niches reappear after a mass extinction and are evolved into again. that�s a major problem, not for how you think, but for particular solution sets that arise from how you are thinking.

the dinosaurs achieved industrial society and recognized its consequences early enough to prevent the emergence of class society, but were sadly wiped out when their utopian attempt to provide power to the entire planet from a centralized nuclear research center off the coast of mexico exploded

# ? Apr 29, 2023 19:11

Akratic Method: Mar 9, 2013; It's going to pay off eventually--I'm sure of it.

Any day now.

cat botherer posted:

I'm way too hungover to understand that quote, but it sounds not great.

it�s idiocracy, except instead of that movie�s weird eugenics backstory, it�s just the atomizing forces of capitalism alienating us from everything bit by bit until even understanding it is impossible, let alone caring.

# ? Apr 29, 2023 19:23

navyjack: Jul 15, 2006

Stinky Wizzleteats posted:

My massive 89' Webster encyclopedia/dictionary is my only really treasured possession. I'd haul that tome across the wasteland even tho I didn't pick up strong back and it's hardcore mode and my str is like a 3 at best

there is a cool book called �How to Invent Everything,� that�s going to be helpful in the wasteland. The conceit is that it�s a survival manual for time travelers in the event their Time Machine malfunctions and stands them in the past. Stuck in the Paleolithic? Here�s how you�re going to invent agriculture. Bronze Age? Here�s how to identify iron deposits. In the 60s? Let�s beat IBM to the microprocessor. Stuff like that.

# ? Apr 29, 2023 19:26

Ihmemies: Oct 6, 2012

RealityWarCriminal posted:

it's going to be really sad when Wikipedia finally has to shut down. thankfully i still have my encarta cds.

Why would that happen?

# ? Apr 29, 2023 19:56

Frosted Flake: Sep 13, 2011; Semper Shitpost Ubique

Do people not like reading books? How do we get these kids to preorder monographs from Brill because they subscribe to the author�s mailing list?

# ? Apr 29, 2023 20:03

atelier morgan: Mar 11, 2003; super-scientific, ultra-gay; Lipstick Apathy

i love books but be forced to move with nothing but what you can fit in your backpack a few times and you lose your attachment

i miss having an e-ink reader but alas, that poo poo broke within a couple years

# ? Apr 29, 2023 20:07

Palladium: May 8, 2012; Very Good
✔️✔️✔️✔️

Ihmemies posted:

Why would a CIA propaganda outfit shutdown?

# ? Apr 29, 2023 20:09

Crazypoops: Jul 17, 2017

meanolmrcloud posted:

someone is doing this for an old catholic grade school that’s been in disrepair in the next town over. it’s been neglected for 2 decades and is right on the main drag that’s been redeveloped in that time, but it’s still an odd thing to do. the faux expensive looking windows, landscaping and other improvements look fuckin stupid on what was obviously a school from the 1930s. I’ve never looked up the prices but shocker, it’s outrageous for a Midwest metro area.

I love my papered over asbestos and lead death prison

# ? Apr 29, 2023 20:13