The complaints of inflation are insane.
- Thread starter Hygro
- Start date
GoodEnoughForMe
n.m.s.s.
Lower than expected! Please for the love of god pump the brakes fed.
Lexicus
Deity
Pump the brakes on rate hikes?
GoodEnoughForMe
n.m.s.s.
Yes
All kinds of things are falling out as interest rates keep going up.
Used car interest rates are above 10% now for people with middling credit ratings.
Goodbye Carvana!
I recall selling them a used car for big money in the summer of 2021 and they barely even looked at it before handing over the check which cleared in less than 24 hours.
Carvana Co. (CVNA) Interactive Stock Chart - Yahoo Finance
Interactive Chart for Carvana Co. (CVNA), analyze all the data with a huge range of indicators.
finance.yahoo.com
FTX crypto is going to be a goner soon.
Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
Remember when the Super Bowl had nothing but crypto ads?
www.theverge.com
Facebook/Meta which is spending $10 billion a year for a crappier version of 2nd Life is firing 11,000 humans from their jobs!
Facebook Parent Meta Announces Layoffs of 11,000 Staff
Meta Platforms said it would cut 13% of staff, embarking on the company’s first broad restructuring to cope with a slumping digital-ad market and falling stock price.
www.wsj.com
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Hygro
soundcloud.com/hygro/
Turned out they fired their way down to early 2021 employment levels, they simply reversed their recent bump.
DaggerDigwillow
Reading: Second World Wars by Victor Davis Hanson
- Joined
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- 216
The story of humanity is the consumption of energy trading off low-density energy consumption for high-energy-density products. Those burning cow paddies should be encouraged to go to coal fuel consumption. Coal fuel consumption to oil and oil to hopefully nuclear. Nuclear to hopefully one-day soon fusion. Human beings have an insatiable desire for energy use. That isn't going to change. Energy use is highly correlated with quality of life. Look at celebrities, world leaders, and the elite's use of energy even when advocating against it such as jetting around to climate summits or paying for an entire yacht team to fly back to Switzerland after attending a climate conference.
Perhaps Hans Rosling put it best in the everyday terms of the washing machine. You will never find an environmentalist no matter how die-hard who would not prefer to use a washing machine over a scrub board. The biggest gains in the reduction of carbon emissions are the advancement as quickly as possible to higher forms of energy-dense products in both developing and modernized nations. As nations modernize their concern for environmental conservation and social freedoms begins to emerge just as it has in the west and we are starting to see this in China, India, and the Middle East exactly as predicted 40 years ago.
While the US and other countries continue to drop their CO2 emissions despite population and production increases as move away from coal while countries still attempting to stabilize their modernization climb dramatically as they increase their usage of freed-up coal resources before leveling off or declining when they switch to higher density fuels and hopefully nuclear. The biggest problem in this entire process is an interruption from corruption or war. It was very hard for the US to switch from Coal to Oil because Coal companies lobbied and heavily regulated oil companies. It literally required someone as powerful as Rockefeller to change things. Likewise just as Nuclear was kicking off oil industries have heavily lobbied and regulated nuclear development often using environmentalist programs to achieve their ends socially what could not be accomplished in the short term politically.
The United States is still within the coal usage caused by the ramp-up necessary during the 70s Oil Shock. So, despite all the prosperity that has been generated and apportioned, it's still within the range where the problem hasn't gotten better (in absolute terms) from when we were kids. Luckily (lol) as the Boomers pass on, more people will be within the range of 'at least it's better than when I was a kid'! Granted, the air is a lot clean for the locals and the Globe didn't agree about CO2 being a problem until 1992. It's a nice trendline, but trendlines can only be celebrated after they cross a threshold otherwise you're counting eggs as if they were chickens.
There's further complication that natural gas has been the bridge technology. But, if it's going to be a 'bridge' technology, the pivot needs to happen while the times are good, which means sufficient investment in time, the more total capital that gets caught up in delaying this pivot or spending the natural gas in alternative ways (especially in ways that create dependence on spending more), we're still back in trendlines. If the globe doesn't pivot through the process vastly more quickly than the United States has, there's real trouble. Of course, if you have actual capital and shrug at this paragraph, then people poorer than you have fewer choices on how to change the future.
There's further complication that natural gas has been the bridge technology. But, if it's going to be a 'bridge' technology, the pivot needs to happen while the times are good, which means sufficient investment in time, the more total capital that gets caught up in delaying this pivot or spending the natural gas in alternative ways (especially in ways that create dependence on spending more), we're still back in trendlines. If the globe doesn't pivot through the process vastly more quickly than the United States has, there's real trouble. Of course, if you have actual capital and shrug at this paragraph, then people poorer than you have fewer choices on how to change the future.
Joij21
🔥Hail Satan!🔥
Yeah except your being a little unreasonable. It would take millions of years, perhaps billions for any future human society (and this assumes something even vaguely human exists that far ahead) to hit that wall.
Does this mean growth can go on forever? Well probably not (unless FTL is achieved), but then from a less than 2 million year bracket (time it would take to colonize the milky way without FTL), it basically is infinite growth.
So while your technically not wrong, it's just I think your maybe predicting too big and too far into the future for it to be headed with any seriousness and urgency for our much more immediate lifetimes.
Remember the Universe giveth just as easily as she can taketh. Expect nothing from her, neither validation nor entitlement. Be open minded and perhaps she may giveth. However that which is earned is never to be expected. Stop struggling, don't resist, just go with the program. Ashes to ashes, dust to dust, as it was in the beginning so it shall be in the end.
This isn't an apples to apples. We aren't talking about a unit of that size, and much larger unit now. A unit of the same size would use a fraction of the resources. If for no other reason, than a truck doesn't take more than 5 days to cross the country now. So you only need a 5 day food budget.
Remorseless1
Emperor
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You know, 40 years ago, inflation topped out at an annual rate of 15.2%. This came at the end of a small recession. I was 23 and I can assure you it was way worse. Fuel prices more than doubled.
Speaking of recessions: I went back and checked to make sure my memory was correct. In every decade since I was born, there was at least one recession. There were two in the Sixties and two in the Eighties.
Speaking of recessions: I went back and checked to make sure my memory was correct. In every decade since I was born, there was at least one recession. There were two in the Sixties and two in the Eighties.
There may well be some of you posting here that will be alive in 2100, but I suspect most of those won't really care much about the extended future. At the point in life one's focus tends to be more day to day.
Kouvb593kdnuewnd
Left Forever
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In USA it seems like the last 50 years have been quite bad for average workers due to inflation of consumer prices eating up pretty much all wage growth. So complaining about inflation and or low wage growth seems pretty valid.
Average Hourly Earnings of Production and Nonsupervisory Employees
Remorseless1
Emperor
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No, we need to start complaining and voting about the huge flaws in capitalism our elected representatives don't want to effectively address.
Kouvb593kdnuewnd
Left Forever
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However the various countries seems to have peformed very differently, the problem for USA which is probably the worst performing "rich" country seems to be strongly tied to that a few key items such healthcare, education, childcare and rent gotten way too expensive while also being of doubious quality.
Remorseless1
Emperor
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Yes, the flaws in capitalism which many other countries have addressed, more or less successfully.
The national railroad strike is back on, possibly for December 9th!The strike has been averted on the last day!
No more firings for unexpected trips to the hospital.
Averted U.S. Railroad Strike Is Wake-Up Call For Company Executives
The deal to avert a national railroad strike that President Joe Biden announced Thursday does not mean business leaders should assume that the chances of a service stoppage have completely passed.www.forbes.com
Large rail union SMART-TD votes to reject labor deal as national strike moves closer
SMART-TD, one of the largest rail unions, voted down a labor deal, and a national strike could begin in December, a serious blow to the economy.
Will they really do it before Christmas though?
Ugh, we need less inflation not more.
Now that the mid-term elections are over, Biden has granted MBS immunity on November 18 for murdering that journalist.
news.yahoo.com
The Saudis have responded in the usual fashion that Washington loves the most.
www.reuters.com
Now that the mid-term elections are over, Biden has granted MBS immunity on November 18 for murdering that journalist.
Saudi's MBS granted legal immunity in murder lawsuit
STORY: Saudi Crown Prince Mohammed bin Salman arrived at a summit of world leaders in Thailand on Friday.His first-class welcome underscoring his comfort among his peers despite his alleged involvement in the brutal killing of a U.S.-based Saudi journalist. Any lingering worry he might have...
The Saudis have responded in the usual fashion that Washington loves the most.
Saudi denies oil output hike discussion, says OPEC+ may cut if needed
Saudi Arabia said OPEC+ was sticking with cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boosting output, according to state news agency SPA.
Lexicus
Deity
Ugh, we need less inflation not more.
Now that the mid-term elections are over, Biden has granted MBS immunity on November 18 for murdering that journalist.
Saudi's MBS granted legal immunity in murder lawsuit
STORY: Saudi Crown Prince Mohammed bin Salman arrived at a summit of world leaders in Thailand on Friday.His first-class welcome underscoring his comfort among his peers despite his alleged involvement in the brutal killing of a U.S.-based Saudi journalist. Any lingering worry he might have...
The Saudis have responded in the usual fashion that Washington loves the most.
Saudi denies oil output hike discussion, says OPEC+ may cut if needed
Saudi Arabia said OPEC+ was sticking with cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boosting output, according to state news agency SPA.
This kind of thing is why anyone who thinks the US really cares about human rights is a fool
