(Thread IKs:
skooma512)
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Vox Nihili posted:the data behind this is loving nuts Just eliminating 15 years of consumer spending on food. No big deal.
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Jul 6, 2023 01:31
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| # ? May 26, 2024 08:38 |
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Here's the article he's talking about : Blame Food Prices for Frances Riots The article also cites yet another "Uh, something's wrong." chart. https://twitter.com/NicolasGoetzman/status/1674674155805876224 Edit: Here's the chart on it's own. France : Food prices & Consumption (volumes). May 2023 
wash bucket has issued a correction as of 01:48 on Jul 6, 2023 |
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Jul 6, 2023 01:41
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Salt Fish posted:In a food shortage wouldn't spending on food go up? And total calories consumed would go down? Well, it isn't so much a food shortage as an affordability crisis. The data is "chained" from 2014, which means it is innately adjusted for inflation. The volume of consumption is what we're really looking at here. So less food, and less valuable food, is being consumed. My read of the situation goes like this: 1) Supply chain issues, war in Ukraine, gas prices, trade war, gouging, etc. all combine to cause significant inflation in Europe, which is well-documented. The price of gas in particular went up and as a result the price of everything went up, on top of the knock-on effects from intermediaries trying to take advantage of the crisis. 2) Everything now costs more in France, particularly necessities, and real wages are falling. This is also well-documented. 3) People in France now have to cut spending to make ends meet. Things are bad enough that this includes spending on food. That means buying cheaper food in particular and even eating less calories.
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Jul 6, 2023 01:42
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Salt Fish posted:In a food shortage wouldn't spending on food go up? And total calories consumed would go down? That's charting hypothetical price at the previous year's price, no? So dipping because the amount and mix of food being purchased now would have been ~2B cheaper a year ago and thus showing the shortage by the lower comparative use-value for the same exchange-value, while calories could swing down in buyers' markets (eating healthy becoming affordable) or up in shortages (vice-versa, potato stronk) and raw sales are of course primarily influenced by inflation.
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Jul 6, 2023 01:46
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surprised at how much the US and Europe's fortunes are diverging given how well the US economy is doing right now i knew the UK was poor after spending a couple years in London a decade ago but to see the EU proper struggling
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Jul 6, 2023 01:49
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shrike82 posted:surprised at how much the US and Europe's fortunes are diverging given how well the US economy is doing right now that’s because they went with austerity instead of free money right before you got there as a response to 2009 now it’s happening again
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Jul 6, 2023 01:51
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Salt Fish posted:In a food shortage wouldn't spending on food go up? And total calories consumed would go down? that’s a folks can’t afford food trend line.
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Jul 6, 2023 02:07
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and Macron has been talking about fines or jail time or lowering financial support for the parents of underaged rioters who primarily already come from disadvantaged communities who already fight regularly with the police lol
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Jul 6, 2023 02:14
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i am harry posted:that’s because they went with austerity instead of free money right before you got there as a response to 2009 your responding to a stupid psycho dipshit
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Jul 6, 2023 02:26
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Vox Nihili posted:the data behind this is loving nuts lol
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Jul 6, 2023 02:32
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Woke Mind Virus posted:it's a beta just like you
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Jul 6, 2023 02:35
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wash bucket posted:Edit: Here's the chart on it's own. wasn't there a saying about how society is only three meals away from revolution?
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Jul 6, 2023 02:36
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there was no revolutionary potential in the rioters
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Jul 6, 2023 02:43
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excess savings
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Jul 6, 2023 02:43
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Europe cut it's own throat to go along with the Empire and now the bill is coming due
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Jul 6, 2023 02:50
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the thread title segue 
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Jul 6, 2023 02:50
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https://twitter.com/roguecaliber/status/1676464546666405888
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Jul 6, 2023 03:03
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who is the novelty toaster market supported by
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Jul 6, 2023 03:09
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https://twitter.com/BusinessInsider/status/1676773817765490689?s=20
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Jul 6, 2023 03:10
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I'm the toaster with slots that are only wide enough for tiny presliced American white cake bread
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Jul 6, 2023 03:11
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Good Soldier Svejk posted:who is the novelty toaster market supported by Three Olives
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Jul 6, 2023 03:11
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did someone just say the American economy is doing well
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Jul 6, 2023 03:18
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lol at Instagram's not-Twitter being worse than Twitter from the jump: https://twitter.com/emoswaggy/status/1676744730179149824
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Jul 6, 2023 03:22
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euphronius posted:did someone just say the American economy is doing well hosed up if true.
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Jul 6, 2023 03:22
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euphronius posted:did someone just say the American economy is doing well it's called Bidenomics, thank you.
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Jul 6, 2023 03:22
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shrike82 posted:how well the US economy is doing right now 
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Jul 6, 2023 03:25
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Way to poo poo the bed again Zuck
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Jul 6, 2023 03:27
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I've already had another IT nerd try to mansplain threads to me which has to be a record amount of time for product out to mansplaining from a peer.
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Jul 6, 2023 03:43
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skooma512 posted:the thread title segue
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Jul 6, 2023 03:45
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gradenko_2000 posted:lol at Instagram's not-Twitter being worse than Twitter from the jump: doesn't twitter do that to some extent with all the "suggested" content
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Jul 6, 2023 03:46
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actionjackson posted:doesn't twitter do that to some extent with all the "suggested" content Twitter has a "For You" timeline which uses The Algorithm, but it also has a "Following" timeline that's strictly chronological and only shows tweets from accounts you follow TikTok does something similar Threads apparently only has the former
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Jul 6, 2023 03:49
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gradenko_2000 posted:lol at Instagram's not-Twitter being worse than Twitter from the jump: yup i signed up and the feed is full of grifting models and brands and other garbage
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Jul 6, 2023 03:50
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gradenko_2000 posted:wasn't there a saying about how society is only three meals away from revolution? 3 meals away from chaos
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Jul 6, 2023 03:50
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Vox Nihili posted:the data behind this is loving nuts (anakin skywalker voice) now THIS is doomsday economics
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Jul 6, 2023 03:59
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france: this wouldn't happen if i opened my rear end wider for america
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Jul 6, 2023 04:03
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three baguettes from chaos
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Jul 6, 2023 04:06
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look the lady got a pizza and a side, there's no way that order after doordash upcharge and fees was less than 40
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Jul 6, 2023 04:09
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She also lives in a mansion.
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Jul 6, 2023 04:12
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By my way a thinking, an economist looking at graphs for food prices and consumer spending on food and saying "It's never done that before." has about the same gravity as a nuclear plant worker saying "It's never done that before."
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Jul 6, 2023 04:26
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triple sulk posted:yup i signed up and the feed is full of grifting models and brands and other garbage I stopped using it after finding out the search only lets you search for people, not events/things/literally anything else. No news, only influencers!
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Jul 6, 2023 04:27
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