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- 28 de Feb, 2023
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Remember, tards like John Badman and his ilk were screaming about a recession/depression.Uh oh looks like I got what I voted for again...
https://www.forbes.com/sites/tylerr...ocial&utm_source=twitter&utm_term=se-breaking
The trade deficit—a measurement by which the cost of a country’s imports is worth more than its exports—shrank to $29.4 billion in October, the narrowest gap since June 2009 and a 39% decrease from September ($48.1 billion), the Bureau of Economic Analysis reported.
Imports decreased 3.2% in the month to $331.4 billion from September, while exports jumped 2.6% to $302 billion, according to the agency.
Wall Street expected the trade gap to widen to $60.6 billion, according to FactSet.
The effective tariff rate imposed by the U.S. was 17.9% in October, the highest since 1934, according to the Budget Lab at Yale.
Like commies, every faggot like to say this line but never really extend what is exactly the working alternative to it besides blaming jews for any issue (including in countries where they aren't even living at). Should we return to trading with metals? Should we beg our local lord for money if we want to commission a new rake? Should every new president create his own currency once elected?Central Banking has plagued our nation and our world for ages now. Since Andrew Jackson died we've been halted on top of other bullshit acts and bills that Null talks about that makes us the raped.
I would fully nationalize it and place it under direct supervision of Congress.It's easy to say something is broken, but unless you give a solution you are just asking for asspats.
While Congress is definitely less volatile than the presidency it is also monumentally slower, any changes would likely take months to perform and would be entirely dependent on being popular with voters rather than correct in stabilizing the economy.I would fully nationalize it and place it under direct supervision of Congress.
The central bank would have the ability to make its own decisions regarding interest rates but any other actions (e.g. quantitative easing) would require approval of Congress. The executive branch would have no influence other than nominating proposed members of its board. There would also be a national usury cap.
It wouldn't be too slow because the basic market operations regarding interest rates are at the Fed's discretion. If we need quantitative easing or the other exotic monetary policies used during the Great Recession there are much deeper problems at stake.While Congress is definitely less volatile than the presidency it is also monumentally slower, any changes would likely take months to perform and would be entirely dependent on being popular with voters rather than correct in stabilizing the economy.
We would need to expand the House massively to be more proportionate, the Senate isn't the issue.It's not necessarily a bad change but really depends on having both the senators being able to put long term gains over short term and being financially literate.
We've got a solution, now let's find a problem.
It's almost over.
they'll do anything but let the bubble burst. the 50 year mortgage was my favorite meme idea, a last ditch effort to spur the otherwise dead real estate market without letting it explode. if you're a rentoid now hold onto that down payment and just wait, it can't go on forever.
I'm seeing 0.5% monthly rent vs home values in certain markets. 1% is the guideline. Obvious bubble is obvious.they'll do anything but let the bubble burst. the 50 year mortgage was my favorite meme idea, a last ditch effort to spur the otherwise dead real estate market without letting it explode. if you're a rentoid now hold onto that down payment and just wait, it can't go on forever.
I'm waiting for the Jan 28 - Feb 5 earnings reports (MSFT, META, GOOGL, AMZN, AAPL) for if AI pops now or later. Both OpenAI and Anthropic have had parabolic rises despite being non-IPOs.Did the economy collapse yet?
If nobody can afford to buy the houses people owning a house aren't wealthy. They just haven't needed to sell their house yet.
So where the hell are my productivity gains?
You missed the forest for the trees. This is the quiet acknowledgment that they're pivoting to tolerate an anti-immigration policy. Maybe it's because they finally paid attention to the indian problem, maybe it's because they realised that their prior plans aren't going to work. Maybe they're just reacting to twitter updoots. Maybe they've realised that popular rebellion is closer than they thought. The point is, they're accepting they can't continue their previous path of endless immigration if they want to enact their systems of total control.So where the hell are my productivity gains?
We can't make long term strategic decisions guiding entire nations on dreams, we need data. Even if this "AI" wave does start replacing significant segments of the workforce, the question is then if there are even the resources required to run the necessary datacenters and such. The existing infrastructure is unsustainable as is for the current use cases.