Willa Rogers posted:

Vox Nihili posted:

all historical data prior to 2020 was rendered meaningless by the invention of Bidenomics

shrike82 posted:

can't you view PDFs from your browser?
i figured the standalone PDF reader app was dead

i am harry posted:

also we’re all still on the same page about these numbers being bullshit right? that the true number is much higher

i am harry posted:

also we’re all still on the same page about these numbers being bullshit right? that the true number is much higher

Mr Hootington posted:

https://twitter.com/lisaabramowicz1/status/1699536330651316532?t=Z5MYHTowNWGReX8XyvmSmQ&s=19

We did it

shrike82 posted:

https://twitter.com/unusual_whales/status/1699458435946074530?s=20

Vox Nihili posted:

the official figures are useful for identifying trends and the most impacted groups

the excess mortality figures are what you want for the real totals

skooma512 posted:

They did get the memo that the stock market moves in hours if not seconds right? Some forms of trading bump up against the speed of light itself because they want to microseconds faster.


We're to the point where this ape thing is a major motion picture. poo poo is beyond over, but they just let their gambling play sit there thinking it was some kind of activism lmao.

shrike82 posted:

i think people were discussing foreign travel a while back
https://twitter.com/unusual_whales/status/1699445349977297028?s=20

Complications posted:

wait what's this 'despite the economy' poo poo i thought bidenomics had the economy booming, a chicken in every pot, and fat smiling children on every street corner from how employed all their parents were

text editor posted:

WSB/Superstonks is just a new variant of Bitcoin-brain, where the dogma is that you have to hodl for years, maybe decades, before the Lambo rapture comes. It's not very far off from Q-anon Trust The Plan rhetoric, so they keep digging themselves in until they missed the last chance to get out before their Iraqi dinars/dogecoin they invested everything in are worthless

Twigand Berries posted:

Lol Wal Mart is putting a police station in a store.

https://www.thestreet.com/retailers/walmart-makes-a-first-ever-change-to-prevent-crimes-in-superstore

Mr Hootington posted:

https://twitter.com/lisaabramowicz1/status/1699536330651316532?t=Z5MYHTowNWGReX8XyvmSmQ&s=19

We did it

Brain Curry posted:

By a continuous shifting of rhetorical focus, the economy is at the same time too strong and too weak

gradenko_2000 posted:

We need policies that stabilize peoples's standard-of-living, rather than letting the corporations pass on all the costs to the consumer. Labor's wage catch-up was needed, was necessary, it shouldn't be fought against

insane clown pussy posted:

Slow News Day posted:

Yep he will definitely do that!

euphronius posted:

did Marx predict that capitalists would start printing infinite money and giving it to themselves

euphronius posted:

did Marx predict that capitalists would start printing infinite money and giving it to themselves

Vox Nihili posted:

a bunch of people are getting thrown off of Medicaid now because they didn't fill out the paperwork right, changed addresses, filed late, etc. following the lapse of the pandemic-era "just let them have Medicaid" protections



in particular, we are killing a ton of poor children



https://www.kff.org/medicaid/issue-brief/medicaid-enrollment-and-unwinding-tracker/

thechosenone posted:

It also won't just stop because they want it to. They're gonna have to get used to increasing amounts of violence to keep control with this level of bullshit, and unfortunately for them that further reduces profit. Ultimately they're gonna reduce the productivity of industries until it falls below the price of a well built Chinese factory churning poo poo out and it won't matter if they enslave the whole continental US because the cost of inputs and the low outputs will be too much for their process.

gradenko_2000 posted:

I attended a webinar with Isabella Weber talking about seller's inflation. Sharing some notes I took during the talk:

seller's inflation begins from an impulse at the bottom/base of the value chain: steel, energy
COVID collapsed demand, then prices exploded once demand picked back up and shut-down manufacturing was unable to keep up
despite high amounts of corporate concentration, firms were not exploiting their "price setting" power during "normal times", due to the risk of losing market share
the cost/profit shock triggered by COVID essentially acted as a "coordinating device" across firms to begin taking advantage by increasing prices to protect margins
and since the impulse begins at the bottom of the value chain, the price setting propagates across the entire economy
prices go up, but wages do not, so real wages go down, and the cost shock is passed back to the consumer

COVID's shock to just-in-time supply chains also encourages this behavior, because firms know that their competitors are not able to scale up their own production in response to raised prices, because everyone in an industry is already maximally producing, as they're limited by the supply chains

the decline in wages and living standards will motivate workers to fight back, hence the spike in union activity and militancy
but this instigates even more conflict, because firms will also want to raise prices even further in response to being forced to react to higher wage demands. Essentially, there is a second "impulse" of seller's inflation triggered by firms trying to protect their profit margins against demands for higher wages (as opposed to protecting profit margins that were set during the post-COVID recovery)

[Weber notes that the Ukraine conflict is yet another shock, but also says that seller's inflation was already latent even as early as 2021]

comparison to the past: unions were much stronger during the 1970s oil shock, which allowed labor to be in a better position to protect its "margins"

central banks: their problem is that their response basically comes down to hiking interest rates to put a stop to the second impulse, from labor fighting back, when they didn't help with fighting the price shock from the first impulse
"if you try to make everyone poorer, at a time when everyone is still trying to recover, you're taking out the dynamism of your economy"
Weber specifically makes a direct connection with the deliberate infliction of poverty on the working class as part of the economic response to inflation, with the rise of right-wing extremism
Weber notes that the lack of imagination in responding to inflation also stems from a lack of institutional knowledge on having to deal with inflation in the West, such as people defaulted to Econ 101 because nobody had experienced this kind of inflation in a long time (when also combined with theoretical path dependency)

Question: what are alternative policies for dealing with inflation? sectoral responses to supply shortfalls and/or demand explosions. Some industrial sectors are far more important to the economy than others, and yet economic responses to inflation keep focusing on the aggregate. Strategic petroleum reserve to protect oil. Investment in port infrastructure to protect freight.
Raising freight prices does not resolve traffic jams at a port. A sanctions regime that restricts energy imports creates its own shock.
"Price controls can only buy time, but buying time can be extraordinarily consequential"
We need policies that stabilize peoples's standard-of-living, rather than letting the corporations pass on all the costs to the consumer. Labor's wage catch-up was needed, was necessary, it shouldn't be fought against

Ammanas posted:

yeah it turns out expecting states and counties to do literally millions of redeterminations (while still taking new applications) wasnt really reasonable or possible so just kick em all off and they can reapply if they got a problem with it

can you link the article this is from

Bar Ran Dun posted:

https://www.nytimes.com/2023/09/06/business/china-car-exports.html?smid=nytcore-ios-share&referringSource=articleShare

gradenko_2000 posted:

I attended a webinar with Isabella Weber talking about seller's inflation. Sharing some notes I took during the talk:

Best Friends posted:

It has insanely rich people literally stepping over the indigent every day. absolutely insane inequality, right in your face. the obvious solution that dems and republicans agree on: make the homeless go away and pay cops more. easy and bipartisan