(Thread IKs:
skooma512)
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we weathered this wave of inflation with a lot of collateral damage and a lot of budget shifting and a lot of peasants maxing out their debt leverage. nothing exploded (too much). why wouldn't companies start hiking prices again to gouge? and once one corporation does every other corporation will follow suit because stonk punishes you for refusing to participate there's a second huge wave of inflation coming boil every last permabull alive it's the only way
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Jan 24, 2024 05:06
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MLKQUOTEMACHINE posted:this is what my uncle was doing in the 90's and 00's when he was a trucker, turns out the cash he was sending back to jamaica wasnt used to build a home and our relatives were just spending the cash well yeah that's the other thing: for every overseas worker that manages to get their family back home to build a foundation, there's also any number of families who either blow the cash with no plans for what happens when it runs out, or are in such dire financial straits that even the dollar-converted cash is only enough to keep them afloat
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Jan 24, 2024 05:06
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SKULL.GIF posted:a dozen rate hikes and we're still back at free-money levels last seen in 2021 before a single rate hike happened Correct me if I'm wrong, but isn't the whole point of QE that nothing matters, they can do whatever they want, forever? Or until the dollar isn't a reserve currency? Someone decided it was unacceptable for a recession to depression to happen again, lol the cyclical parts of the "economic cycle", and so they have landed on a plan to prevent Tlaltecuhtli from consuming the world and restarting the cycle by endlessly sacrificing the poor to number? Something like that?
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Jan 24, 2024 05:08
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Frosted Flake posted:Correct me if I'm wrong, but isn't the whole point of QE that nothing matters, they can do whatever they want, forever? The thing is they keep announcing they stopped QE but then they do some new, secret, convoluted form of QE 
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Jan 24, 2024 05:11
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SKULL.GIF posted:we weathered this wave of inflation with a lot of collateral damage and a lot of budget shifting and a lot of peasants maxing out their debt leverage. nothing exploded (too much). why wouldn't companies start hiking prices again to gouge? and once one corporation does every other corporation will follow suit because stonk punishes you for refusing to participate i like your enthusiasm. never give up hope for economy collapse RadiRoot has issued a correction as of 05:20 on Jan 24, 2024 |
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Jan 24, 2024 05:16
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SKULL.GIF posted:a dozen rate hikes and we're still back at free-money levels last seen in 2021 before a single rate hike happened Goon predictions are often based in material reality and sound reasoning, which is to say, they're usually wrong because Number go up.
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Jan 24, 2024 05:17
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skooma512 posted:Goon predictions are often based in material reality and sound reasoning, which is to say, they're usually wrong because Number go up. i predict they go up even more 
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Jan 24, 2024 05:21
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SKULL.GIF posted:all of these moronic slop hoggs are gonna chortle wetly at you and tell you "why would you doubt stonk?" as they put 99.9% leverage into AI and yes, definitely going to see another around of commodity inflation. Mondelez, kellogs, etc stocks went up based on price hikes (while volume shrank X%), but if they don't hike again their quarterly earnings is not going to be up y/o/y and therefore will go down. ergo, mondelez is definitely going to keep shrink+skimp+inflating. but americans will keep buying mondelez so their quarterly earnings are going to be great. Xaris has issued a correction as of 05:26 on Jan 24, 2024 |
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Jan 24, 2024 05:23
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its ok because my spouse got a raise and we increased our 401k contribution amount so the economy will keep doing great! nothing can go wrong!
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Jan 24, 2024 05:24
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stocks making ATHs with interest rates this high is funny then you have articles like this: its gonna dump. they are all saying "this time is different" tho
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Jan 24, 2024 05:28
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anyways, all you need to know about the future is the zuckerbergs, bezo, thiels, dimons, musk, dorseys, schulz, buffets, are spending billions and billions of dollars building giant doomsday
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Jan 24, 2024 05:32
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Xaris posted:and yes, definitely going to see another around of commodity inflation. Mondelez, kellogs, etc stocks went up based on price hikes (while volume shrank X%), but if they don't hike again their quarterly earnings is not going to be up y/o/y and therefore will go down. ergo, mondelez is definitely going to keep shrink+skimp+inflating. but americans will keep buying mondelez so their quarterly earnings are going to be great. bulk bin aisle at winco stays winning, sometimes number even *gasp* go down
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Jan 24, 2024 05:35
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running through autoturret fire like a soldier at gallipoli trying to reach the bunker's air vent, so i can poo poo in it
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Jan 24, 2024 05:36
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https://thehill.com/regulation/transportation/4425300-delta-boeing-plane-loses-wheel/
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Jan 24, 2024 05:39
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skooma512 posted:Goon predictions are often based in material reality and sound reasoning, which is to say, they're usually wrong because Number go up. Well this doesn't discount an economic collapse it just means it won't make sense. QE is uncharted territory so the massive prints are working to create an economy nobody can explain. People predicting it can never collapse are as wrong as we are when we say it definitely will collapse. I'm on team collapse though. Printing to the point where the currency almost breaks isn't infinitely repeatable and printing in 2024 has much less runway than it did in 2020. Over steering out of each skid is good in that you are still currently on the road but it doesn't mean you've forever defeated the concept of ice and can now never crash.
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Jan 24, 2024 05:43
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Woke Mind Virus posted:https://thehill.com/regulation/transportation/4425300-delta-boeing-plane-loses-wheel/ boeing is experimenting with a wheelless aircraft design. nothing to see here.
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Jan 24, 2024 05:47
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Mola Yam posted:running through autoturret fire like a soldier at gallipoli trying to reach the bunker's air vent, so i can poo poo in it Just try different combinations of decoys until you find the kind it likes and exhaust their ammo. Even militaries these days run dry, let alone bunkers that can never resupply again. Rectal Death Alert posted:Well this doesn't discount an economic collapse it just means it won't make sense. I'm on Team Collapse too but everytime I think things like "netflix pissing off their user base will result in worse number" and "Mcdonald's can't get away with this shrinking and price hie stuff forever" and the market nevertheless helicopters its dick directly at me as it ATHs
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Jan 24, 2024 05:48
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Rectal Death Alert posted:Well this doesn't discount an economic collapse it just means it won't make sense. Someone who's actually smart should probably do a compare/contrast of yen in active circulation in 1989/1989 Japanese GDP with dollars in active circulation in 2024/2024 American GDP. That's the existing gold standard of when "print print print" breaks something the hivemind thought was unsinkable.
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Jan 24, 2024 05:49
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do cars need wings? right. so why does a plane need wheels? fuckin morons.
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Jan 24, 2024 05:49
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Willa Rogers posted:is it shrinkflation when tv shows get shorter to accommodate more ad time? A few years ago my folks were here for a visit and we saw that VH1 was airing The Blues Brothers (lol nobody shows music videos anymore) so we decided to watch that. The TV edit plus commercials was three and a half hours long
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Jan 24, 2024 05:54
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run for 55 minutes and the 60-minute shows run for 41 minutes. I could swear it was more 60m/45m as of a couple years ago.
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skooma512 posted:I'm on Team Collapse too but everytime I think things like "netflix pissing off their user base will result in worse number" and "Mcdonald's can't get away with this shrinking and price hie stuff forever" and the market nevertheless helicopters its dick directly at me as it ATHs There is definitely a limit it's just a matter of how far away it is and what happens when companies start finding it. I saw North Carolina homeowner's insurance is proposed to go up 40%+ across the board this year, with "high risk areas" being even higher than that. This is a nationwide push by car and home insurance companies. Can people tolerate $400 a month for full coverage insurance, at minimum, after food prices have doubled and tripled? With the prices of everything still increasing and there being no controls or limits on any of it at some point the half sandwich at 400% price isn't in the budget. At some point Mcdonalds can't sell a chicken nugget sized burger for $35 and not see quarterly losses.
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Jan 24, 2024 06:00
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Rectal Death Alert posted:I saw North Carolina homeowner's insurance is proposed to go up 40%+ across the board this year, with "high risk areas" being even higher than that. This is a nationwide push by car and home ins rance companies. Can people tolerate $400 a month for full coverage insurance, at minimum, after food prices have doubled and tripled? I think more and more people will just forgo insurance, many already do (even though technically its required, there's really no checks). iirc ca had like a 1.5% increased in uninsured, places like MI are like 30%+ uninsured.
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Jan 24, 2024 06:05
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anyways its pretty clearly that the economy is so bifurcated that there's the premium consumer + shareholder economy, and the disgusting masses economy. the latter can just get jettisoned like baggage and wouldn't significantly detrimentally impact the premium consumer/shareholder economy, at least not in the short term.
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Jan 24, 2024 06:08
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Woke Mind Virus posted:https://thehill.com/regulation/transportation/4425300-delta-boeing-plane-loses-wheel/ You picked a fine time to leave me loose wheel
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Jan 24, 2024 06:09
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Xaris posted:anyways its pretty clearly that the economy is so bifurcated that there's the premium consumer + shareholder economy, and the disgusting masses economy. the latter can just get jettisoned like baggage and wouldn't significantly detrimentally impact the premium consumer/shareholder economy, at least not in the short term. I know they believe that, which is hilarious, but it also shows they understand the economy as number go up, and not anything the numbers might signify.
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Jan 24, 2024 06:33
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SKULL.GIF posted:a dozen rate hikes and we're still back at free-money levels last seen in 2021 before a single rate hike happened SKULL.GIF posted:we had a whole full year (2022) of the stonk market (rich people's feelings) going down like 8% total and everyone was so loving catastrophized by it that they piled into the investment opportunity of a lifetime, literally ripping out their eyeballs and veins so they could buy as much NVDA as humanly possible because Stonk. Does. Not. Go. Down. yes im old enough to remember asinine stonk concepts like “corrections” and “bear markets” but those concepts have disappeared behind the event horizon of hypernormalization and Cannot Happen, it’s a sight to behold
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Jan 24, 2024 06:47
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the fed's gonna print like a canon laserjet that cant run out of ink
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Jan 24, 2024 06:50
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in housing specifically, it's insane how few actual bears there are. like there was always a (small) group who would make a good case for a moderate correction, based on "fundamentals" or whatever, but they're totally gone now. the idea that house prices could go down is unthinkable and unutterable. only full collapse of the system doomers remain in that space.
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Jan 24, 2024 06:51
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Pittsburgh Fentanyl Cloud posted:I just took a job at a startup in August. Whoops! *crowd laughs* Haha! so how soon until House #3?
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Jan 24, 2024 06:53
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Mola Yam posted:in housing specifically, it's insane how few actual bears there are. like there was always a (small) group who would make a good case for a moderate correction, based on "fundamentals" or whatever, but they're totally gone now. the idea that house prices could go down is unthinkable and unutterable.  this is why the situation is worse in other western countries. its also funny how america is like maybe merely only #20 on the word's most speculative commodification of housing. america still has aways to catch up imo
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Jan 24, 2024 07:03
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Mola Yam posted:in housing specifically, it's insane how few actual bears there are. like there was always a (small) group who would make a good case for a moderate correction, based on "fundamentals" or whatever, but they're totally gone now. the idea that house prices could go down is unthinkable and unutterable. Yeah, I've seen 100+ real estate "entrepreneurs" on social media going on these extremely long rants about how house prices can never drop and as soon as interest rates drop the slightest bit house prices will go up another 50% - 100%. There can't be a housing collapse because the same exact conditions for 2008 are not present now. This makes sense in a nation of landlords if you ignore the fact people still need to rent your houses. How high can you push the rent on a residential house before nobody moves into it? Especially with inflation in everything else that is still ongoing. At some point people aren't going to buy the $50 Big Mac or $1,000,000 starter home because they just can't actually buy it.
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Jan 24, 2024 07:06
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Rectal Death Alert posted:Yeah, I've seen 100+ real estate "entrepreneurs" on social media going on these extremely long rants about how house prices can never drop and as soon as interest rates drop the slightest bit house prices will go up another 50% - 100%. There can't be a housing collapse because the same exact conditions for 2008 are not present now. Landlords and real estate "investors" are afflicted by the same kind of brain disease as small business tyrants, which is hard to fully explain if you don't interact with these assholes on a regular basis. It's something well beyond just normal entitlement. The idea of a BUSINESS VENTURE failing just does not exist in their worldview except as a result of outside actions that are being done to harm them, specifically. If you have enough money to buy a rental property then you are owed your rental income and that's it. You don't need to provide affordable rents, you don't need to provide an inhabitable space, you don't need to do anything at all. You might talk about competition and hard work and all this other bullshit, but the idea that you might fail or that economic conditions might mean that your whole "business" is completely unviable is just a meaningless concept to a lot of these people. If things go bad, it's because the government is loving you or those lazy renters aren't working hard enough. The "nation of landlords" is something that a lot of these people believe honestly and uncritically. The internal contradiction there doesn't matter, because they can just write it off as renting being something that young people do until they get on their feet and buy their first properties. Everyone who hustles hard enough will be a landlord and everyone will get their infinite rental income and this is an ideal system in every way.
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Jan 24, 2024 07:40
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Mola Yam posted:in housing specifically, it's insane how few actual bears there are. like there was always a (small) group who would make a good case for a moderate correction, based on "fundamentals" or whatever, but they're totally gone now. the idea that house prices could go down is unthinkable and unutterable. Because everyone needs to live somewhere and supply doesn't grow at anywhere near the rate it needs to and hasn't for decades, and lol that short supply is getting bought and held empty to constrain it further.
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Jan 24, 2024 07:40
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euphronius posted:lol meetings yes sir great meeting thats why they pay you the big bucks sir
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Jan 24, 2024 08:43
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they should do the kind of inspirational meeting where two of the c-suite guys plummet to their deaths due to inadequate load-bearing capacity, like that other company did
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Jan 24, 2024 09:15
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That's cool and all, but I'm pretty sure they cornered everyone's money in America sometime around 1620. Presumably that money was going elsewhere before it starts going into houses/renting forever, and wherever that was is gonna miss it. Certainly landlords won't care (not that they could even understand why they should), but given every part of the economy is connected to the rest one way or another it seems like forcing all economic activity to serve basic survival is bad for...doing anything, including survive. I suspect no American investment, stock or bond is likely to be valuable if they manage to break the printer/the printer starts causing what it does for any nation that isn't the reserve currency. Actually I wonder if the rubber band breaking would crack the Canadian real estate bubble. Almost certain that if it doesn't somehow pop beforehand that it does because printer money probably holds alot of things up nowadays.
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Jan 24, 2024 09:45
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The problem with capitalism is that eventually you run out of poor people's money.
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Jan 24, 2024 09:48
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Good Soldier Svejk posted:MyCharts/epic has been around for like 40 years at this point
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Jan 24, 2024 09:59
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Paradoxish posted:and everyone will get their infinite rental income and this is an ideal system in every way. When you put it this way it sounds like they essentially want UBI and just don't fully grasp that there are more efficient ways to do that then the free market* solution. I know it's not that simple because a lot of them do actually also want a societal hierarchy where they are the moral hardworking winners and that necessarily requires immoral lazy losers, but it's hard to argue that infinite money for no work for everyone is a bad ideal
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Jan 24, 2024 10:02
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Ghost Leviathan posted:The problem with capitalism is that eventually you run out of poor people's money.
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Jan 24, 2024 10:16
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