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lollontee posted:i cant recall a single lie ever told by an economist, but that is mostly due to the electroshock treatments and beer economists can't lie. lying is a human tendency and economists are not human beings
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Jun 5, 2021 23:01
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if you summon an economist using their true name they will be compelled to reveal sublime truths
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Jun 5, 2021 23:04
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“if labor consumers are having a hard time filling positions, they will raise wages to attract applicants”
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Jun 5, 2021 23:06
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rhis economic truth is burning my eyes, although that might partly be the soap i rubbed into my eyes after accidentally reading a grayzone article again
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Jun 5, 2021 23:15
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Also, at least right now, the ban on foreclosures ends on the 30th and allowances on forbearance will slowly run out for the rest of the year.
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Jun 5, 2021 23:16
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actionjackson posted:https://www.bloomberg.com/features/...er-billionaires In 1984 as a resident I paid around $900/semester at UW Madison, adjusted to now that's $4400/year. 2021 tuition is $10,700/year. I borrowed a little for living expenses but you could nearly cover tuition with just a small-town summer job ($4/hr x 40 hrs x 10 weeks). If you went to the same school in 1970 like a GODDAMNED BOOMER ($500/year then) an adjusted-to-now year was $3400.
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Jun 5, 2021 23:25
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mmm fuuuck that dotted line looks so good. I loving Love Number
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Jun 5, 2021 23:27
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Crazy people: Pandemics and dead/retired Boomers make more jobs.
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Jun 5, 2021 23:27
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so coinbase is just directly rolled up into gdp calculations right
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Jun 5, 2021 23:32
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 Wife asks if this is legit
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Jun 5, 2021 23:39
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Thorn Wishes Talon posted:news: china's GDP has been skyrocketing GDP isn't real. you're welcome lmao
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Jun 5, 2021 23:41
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Binanciers
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Jun 5, 2021 23:43
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under what measure is the US economy supposedly getting better? companies are still laying people off and not rehiring people because they've found they can just try to work the remaining people even harder. people still aren't going out as much as they were before despite every desperate attempt to make people think things are normal again and covid is over
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Jun 5, 2021 23:44
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It's a basket of bullshit, shipon. Learn to read through the bullshit.
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Jun 5, 2021 23:50
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They are just projecting the bump from the bottom of the pandemic as if it continue for years to come. We will be reopening from the pandemic forever.
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Jun 5, 2021 23:53
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you guys are missing that this could be real, rapid growth and inflation. giving a lot of money directly to people was good, if course it’ll make number go up
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Jun 5, 2021 23:56
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Imagine if in January 2020 you employed 100 people, in March you laid off 80 and in April 2021 you re-hired 20. By current metrics your company doubled in size during the previous year! Job creation in action!
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Jun 5, 2021 23:57
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Twerk from Home posted:you guys are missing that this could be real, rapid growth and inflation. giving a lot of money directly to people was good, if course it’ll make number go up That graph is in Real GDP terms so ostensibly it should account for inflation provided they're not lying about the inflation percentage which, who knows? They've also since stopped giving people money.
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Jun 5, 2021 23:58
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Mr Hootington posted:Both are lying, but china is in a much better position than the US. The economy is actually recovering slower than expected too fyi. I know this is CSPAM but what are you basing this on?
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Jun 5, 2021 23:59
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a less global economy is worse for China than the US.
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Jun 6, 2021 00:01
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Bar Ran Dun posted:a less global economy is worse for China than the US. If everybody in the world except for the people in China died, they can probably sustain their current levels of comfort, and then spread out? They make all the poo poo right? If everybody in the world except for the people in the USA died....huhn....poo poo...would it just be straight to civil war? Edit: Made this post too fast. The china statements are wrong and are coming from dumb place. mazzi Chart Czar has issued a correction as of 00:09 on Jun 6, 2021 |
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Jun 6, 2021 00:05
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BigPaddy posted:
Reply with a guillotine .gif Slow News Day posted:I know this is CSPAM but what are you basing this on? OK baizuo has issued a correction as of 00:08 on Jun 6, 2021 |
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Jun 6, 2021 00:06
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something we’ve never seen before and will never see again, something too good to be true even
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Jun 6, 2021 00:07
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Slow News Day posted:I know this is CSPAM but what are you basing this on? China has manufacturing and schools still.
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Jun 6, 2021 00:14
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mazzi Chart Czar posted:If everybody in the world except for the people in China died, they can probably sustain their current levels of comfort, and then spread out? nah. they import so much grain. like just assloads of it. recent events have demonstrated they can’t really go without getting it from the us for as long as most people assumed they could. and this “everybody but x died” thing isn’t a good way to think about it. think about it in terms of the distance goods are competitive in getting smaller.
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Jun 6, 2021 00:14
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Twerk from Home posted:you guys are missing that this could be real, rapid growth and inflation. giving a lot of money directly to people was good, if course it’ll make number go up The spending helped, and it would have been worse without it but a lot of it is just created a potemkin economy where a lot of real damage did occur but it was just plastered over. Also, the boost you get from re-opening/re-hiring is a one time deal and in reality there are plenty of businesses that will never reopen or businesses that will employ less people than they did before the pandemic. I would say right now (early June 2021) is a goldilocks zone as federal support is still around while the pandemic is almost over. As for "number," it depends on which number you are talking about. The Russell 2000 has improved with the return of economic growth while the Nasdaq is still riding on funny money. ------ Anyway, China has high consistent growth because they are going from almost entirely rural country to a fully urbanized one. They do need food imports, but it is also why they have been rapidly building up their navy. Ardennes has issued a correction as of 00:21 on Jun 6, 2021 |
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Jun 6, 2021 00:15
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the chinese miracle is definitely buoyed by cheap food from america and brazil , but i’m sure if they had food imports cut off they would sacrifice several percent of gdp to fabricate some hydroponic insanity in a desert somewhere powered by nukes
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Jun 6, 2021 00:18
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Jel Shaker posted:the chinese miracle is definitely buoyed by cheap food from america and brazil , but i’m sure if they had food imports cut off they would sacrifice several percent of gdp to fabricate some hydroponic insanity in a desert somewhere powered by nukes lol no. they’re going (rather are in the process of ) to take it from Africa.
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Jun 6, 2021 00:21
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Bar Ran Dun posted:nah. Thank you. My post was dumb. I think those kind of post are bad for most people to make, but for me, it's fine to look like a moron on this account. Like gently caress me. I want to know thing, and that internet quote, "if you want to find the right answer, say something wrong." Really grain.? I always assumed china just has fields and field of grain. And then had an image of Korean Rice Fields.
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Jun 6, 2021 00:22
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Well, China does have the manufacturing base to create all of the infrastructure for a megaproject like that, and they certainly have the political will to do so. America sure doesn't lol
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Jun 6, 2021 00:22
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mazzi Chart Czar posted:They make all the poo poo right? Not quite. The US is still a pretty powerful manufacturing nation. China is sitting at 2.1 trillion and the US is 2nd place at 1.9 trillion. If the world were to get pissed enough at China to actually limit (even slightly) Chinese imports the ramifications would be a disaster for them.
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Jun 6, 2021 00:23
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Bar Ran Dun posted:lol no. i’m thinking more us led economic blockade
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Jun 6, 2021 00:24
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Jel Shaker posted:i’m thinking more us led economic blockade It is why China is not so secretly building a fleet and building bases/ports from the SCS to the Red Sea. They know it is a vulnerability. It is also why the US is panicking a bit because we may not be able to shut them down.
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Jun 6, 2021 00:27
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NeonPunk posted:America sure doesn't lol we often build the factories here we export that then manufacture things in other countries. I mean I’ve watched them move in cases on flat racks over the years for just about every industry one can think of. unless it is like steel making or shipbuilding, just about any factory can be cased up and moved basically anywhere in the world.
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Jun 6, 2021 00:27
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spacetoaster posted:Not quite. The US is still a pretty powerful manufacturing nation. Nah, what we make here is the expensive medicines and food. We don't actually make things compared to China.
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Jun 6, 2021 00:27
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Jel Shaker posted:the chinese miracle is definitely buoyed by cheap food from america and brazil , but i’m sure if they had food imports cut off they would sacrifice several percent of gdp to fabricate some hydroponic insanity in a desert somewhere powered by nukes If food imports to China were cut off, tens of millions would starve to death within a few short years. It would be a humanitarian disaster of epic proportions.
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Jun 6, 2021 00:28
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Ardennes posted:It is why China is not so secretly building a fleet and building bases/ports from the SCS to the Red Sea. They know it is a vulnerability. It is also why the US is panicking a bit because we may not be able to shut them down. we should get closer. that’s the best outcome for both nations. so we will of course not do that. and the SCS stuff isn’t so much about us as exclusive fishing rights
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Jun 6, 2021 00:30
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NeonPunk posted:Nah, what we make here is the expensive medicines and food. We don't actually make things compared to China. Like what kinda things do you think China makes that the the US does not? bitcoins
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Jun 6, 2021 00:30
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Bar Ran Dun posted:we should get closer. that’s the best outcome for both nations. so we will of course not do that. Yep. China is the largest producer of fish by far: 
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Jun 6, 2021 00:32
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those islands are about EEZ lol. they’re loving the Filipinos over. edit and Indonesia if I remember right?
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Jun 6, 2021 00:33
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