(Thread IKs:
skooma512)
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err posted:Combo of inflation and losing SNAP benefits is crazy. Going to see some real fallout from that. fallout like... increasing private prison profits 
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May 11, 2023 08:34
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| # ? May 25, 2024 15:02 |
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Trump tells Republicans 'to do a default' — risking the US economy — if the GOP doesn't get 'massive' spending cutsquote:Former President Donald Trump told congressional Republicans on Wednesday evening that they should risk the stability of the US and global economy by defaulting on the nation's debt unless "massive" spending cuts are passed in exchange. 
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May 11, 2023 10:09
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OhFunny posted:Trump tells Republicans 'to do a default' — risking the US economy — if the GOP doesn't get 'massive' spending cuts Yeah probably.
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May 11, 2023 10:11
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cut the military budget, do it don!
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May 11, 2023 10:42
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double nine posted:cut the military budget, do it don! In the pentagon bunker war room there is currently a man sobbing over his wooden tray of little plastic model aircraft carriers. He spent ages painting those.
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May 11, 2023 10:45
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OhFunny posted:Trump tells Republicans 'to do a default' — risking the US economy — if the GOP doesn't get 'massive' spending cuts Glad there's someone working for the Doomsday Economics thread
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May 11, 2023 11:24
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https://twitter.com/jimcramer/status/1656603056253837312?t=6uKqUxJLjnZwXvUFQKX1Ug&s=19OhFunny posted:Trump tells Republicans 'to do a default' — risking the US economy — if the GOP doesn't get 'massive' spending cuts https://twitter.com/jimcramer/status/1656602671111962625?t=559OrZsnaA5loacMmBnIfw&s=19
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May 11, 2023 11:27
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double nine posted:cut the military budget, do it don! So what is the consensus that this may be a longer than normal standoff but the Republicans are going to eventually backdown if MIC profits are impacted? There is something to say that even if there isn't a true default, that this may have a modest effect on yields, and if there is a Federal shutdown, it is going to have an moderately depressing effect on the economy (as it is currently rapidly slowing). 3 month bonds are up to 5.37%, they haven't been that high since 2001....the highest yields on short term debt in 22 years isn't exactly nothing.
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May 11, 2023 11:32
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anime was right posted:i think the #1 thing that makes me think AI is 90% hype is apple isnt jumping head first into that poo poo Traditionally apple waits for other companies to gently caress up/around with new tech, see their VR
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May 11, 2023 11:37
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Ardennes posted:So what is the consensus that this may be a longer than normal standoff but the Republicans are going to eventually backdown if MIC profits are impacted? The Federal shutdown is fake in the sense that they only stop paying for stuff they don't care about. The MIC is save.
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May 11, 2023 11:38
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genericnick posted:The Federal shutdown is fake in the sense that they only stop paying for stuff they don't care about. The MIC is save. Yeah, but it can still impact the economy to some degree because federal employees are spending less. The MIC is going to be generally safe, but the Republicans may try to push cuts to Ukrainian war spending and some aspects of the DOD budget. In all likelihood there are going to be mostly satisfied with the traditional package of cuts they get.
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May 11, 2023 11:42
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isn’t Niall Ferguson the nazi historian
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May 11, 2023 11:44
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euphronius posted:isn’t Niall Ferguson the nazi historian No, he's the "The British Empire Was Great For Everyone & We Should Bring It Back" historian & that's definitely hugely different from being a nazi historial because..........
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May 11, 2023 11:48
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I meant historian who is a nazi, not historian of the Nazis
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May 11, 2023 11:49
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Mr Hootington posted:https://twitter.com/opinion/status/1656407700572635136?t=DHautNlDCDwB3UBfdGExDw&s=19 boy this poo poo pisses me off Like her opening statement is already bullshit. Nobody is claiming that there's already a recession because "recession" is, at least for the US, something that only one organization can really declare. We're also clearly not already in a recession yet since GDP isn't declining. Everything else is just nonsense. You know when the labor market is historically great? Right before a loving recession. You know what typically happens to the ISM before a recession? It plateaus at a lower rate following a big decline, because recessions occur at the end of a growth cycle. And then it goes off a cliff, because that's the point where everyone simultaneously realizes that "oh no! economy bad!" Maybe because idiots like this insist up until the last moment that everything is fine. And the best part is that she insists the American consumer is strong and then spends a microsecond mentioning but oh yeah it looks like it's all going on credit cards. It's a great little rhetorical trick because she acts like she's about to disprove the claim that people have no money, but presents no evidence to the contrary and even admits that the real data says that people are broke.
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May 11, 2023 11:55
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Also, consumer spending is obviously going to go up if prices are high and employment is stable, but it doesn't mean it is sustainable. That said, it may not be a traditional recession in the sense labor markets may actually be rather lax, but eventually shrinking manufacturing and rising consumer debt illustrate there will be problems down the line. The tradition expectation is that a recession in the US is going to lead to reduced energy costs and inflation because energy follows the US economy but it may not be the case anymore and you end up with not only stagflation but essentially a zombie economy where consumers are working but they simply can't generate enough economic opportunity on their own because simply can not afford to and eventually debt markets will be impacted if the Fed can not suddenly drop rates. It isn't a goldilocks zone, it is just the worst hasn't hit yet. That said, this is both from Bloomberg, and I am also not sure she is shooting her video from planet Earth.
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May 11, 2023 12:06
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Ardennes posted:That said, this is both from Bloomberg, and I am also not sure she is shooting her video from planet Earth. I know, but it's actually kind of a stereotypical example of the kind of economic propaganda that's everywhere. The whole video is a combination of lagging indicators or non-indicators combined with some vibe nonsense, while completely ignoring actual leading indicators. This stuff is everywhere and gets louder and louder and louder the closer we are to going over the edge.
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May 11, 2023 12:12
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anime was right posted:the best part about all of this is there are no other search engines besides google and bing. if theres a search engine that you think is run by someone else? guess what, its just modified bing or google results China has no search engines?
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May 11, 2023 12:25
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https://twitter.com/BusinessInsider/status/1656619456489979904?s=20
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May 11, 2023 12:26
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Orange Devil posted:China has no search engines? If its not USA it doesn't exist. It's all just wild and untamed barbarians out there.
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May 11, 2023 12:28
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forkboy84 posted:No, he's the "The British Empire Was Great For Everyone & We Should Bring It Back" historian & that's definitely hugely different from being a nazi historial because.......... One step further right there's the historian whose name escapes me who writes books about how the British Empire Was So Great For Everyone they should have sat out the Second World War - because the End of Empire was a greater tragedy than the Holocaust or Nazism and there was no need for Britain and Germany to destroy themselves.
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May 11, 2023 12:31
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never seen a church/chapel residential conversion that didn't look like poo poo they're different spaces for different purposes. learn some architecture morans
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May 11, 2023 12:31
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Frosted Flake posted:One step further right there's the historian whose name escapes me who writes books about how the British Empire Was So Great For Everyone they should have sat out the Second World War - because the End of Empire was a greater tragedy than the Holocaust or Nazism and there was no need for Britain and Germany to destroy themselves. The loss of the British empire was one of the best things to come out of WW2.
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May 11, 2023 12:32
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Paradoxish posted:I know, but it's actually kind of a stereotypical example of the kind of economic propaganda that's everywhere. The whole video is a combination of lagging indicators or non-indicators combined with some vibe nonsense, while completely ignoring actual leading indicators. This stuff is everywhere and gets louder and louder and louder the closer we are to going over the edge. A lot of it is there is a subtext about specifically China and most signs are the Chinese economy is accelerating (boosting energy prices to some extent) while the US deaccelerating. But otherwise no one wants to be honest about the real issues impacting the American society but because it illustrates a lack of control if not weakness. The stories are going to be only more ridiculous and demeaning as it gets worse and everyone will be at fault expect those in power.
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May 11, 2023 12:32
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Ardennes posted:That said, this is both from Bloomberg, and I am also not sure she is shooting her video from planet Earth. It's under the Bloomberg letterhead but Scanlon is just a contributor to Bloomberg Opinion, not an employee. but even then she seems like a mouthpiece for capital messaging whatever. her substack is full on sponsored content with affiliate links and on twitter you have these condescending tiktoks reaffirming orthodox economist talking points https://twitter.com/opinion/status/1641516058304454671 and then tweets/retweets of stuff like this https://twitter.com/maiamindel/status/1652780136926703619 https://twitter.com/kylascan/status/1656353757985406976 https://twitter.com/kylascan/status/1653437566279090177
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May 11, 2023 12:33
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people hijacking meme culture to push these kinds of hyper-conservative traditionalist economic views is some real uncanny valley stuff
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May 11, 2023 12:36
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Frosted Flake posted:One step further right there's the historian whose name escapes me who writes books about how the British Empire Was So Great For Everyone they should have sat out the Second World War - because the End of Empire was a greater tragedy than the Holocaust or Nazism and there was no need for Britain and Germany to destroy themselves. Bizarro Michael Moorcock
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May 11, 2023 12:36
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Paradoxish posted:people hijacking meme culture to push these kinds of hyper-conservative traditionalist economic views is some real uncanny valley stuff it's just Fox News anchors for zoomers
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May 11, 2023 12:37
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They are still making the choice to post her videos, if anything having some rando come in with talking points they like is probably more efficient than doing it themselves. Bloomberg itself has pushed similar opinions in the past. That said, I would say all the major financial/economic papers/sites are pushing a fairly similar message. Workers are to blame for inflation, but it isn't that bad, and things are better than they seem etc etc while most of the critical criteria are swiftly moving in the other direction. In particular, the fact that short-term yields are keeping on rising means there isn't going to be a easy way out of rates and they are going to eventually drag down the economy (more than it already has).
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May 11, 2023 12:38
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I thought it was David Irving, and he does have a book like that, but it turns out Niall Ferguson does too, The Pity of War. Cool.
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May 11, 2023 12:39
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the left can't meme!!! couldn't win historically, can't win the future.
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May 11, 2023 12:44
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Frosted Flake posted:I thought it was David Irving, and he does have a book like that, but it turns out Niall Ferguson does too, The Pity of War. The Pity of War was about how Britain should have worked with the Kaiser in WWI
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May 11, 2023 12:47
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A cavern full of furniture is "cozy"?
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May 11, 2023 12:57
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Nothus posted:A cavern full of furniture is "cozy"? Everything is "cozy" because it's a magical word to make you think "ah, this isn't an example of wild and insane excess"
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May 11, 2023 12:58
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HAIL eSATA-n posted:is this deflationary deflating the cardiovascular system, perhaps
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May 11, 2023 13:00
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gradenko_2000 posted:The Pity of War was about how Britain should have worked with the Kaiser in WWI quote:Had Britain stood aside - even for a matter of weeks - continental He winds up for nearly 500 pages just to make this point.
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May 11, 2023 13:05
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really queer Christmas posted:If you are tired of inflation, simply stop buying products that have gone up in price. every tasty drink requires an ounce of lime juice though at least sugar is still cheap
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May 11, 2023 13:12
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spacemang_spliff posted:every tasty drink requires an ounce of lime juice though Sugar is not cheap, my parents who run a catering business on the side have said sugar is going up crazy (on top of flour and other ingredients).
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May 11, 2023 13:15
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Conflicting but complementary theories... what?
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May 11, 2023 13:15
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| # ? May 25, 2024 15:02 |
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Frosted Flake posted:Every (American) liberal believes that because they also had Locke drilled into them, so the comparison to people who are worse off seems to be the only way to organize society, and airtight explanation of How Things Are. rousseau was cool imo
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May 11, 2023 13:16
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