31–40 of 123 posts
Anyone getting rich off Federal funds.
I find the whole "economic gloom" sentiment a bit odd. We're at extremely low unemployment, and GDP took a small dip in Q1/Q2 but is projected to start growing again in the second half of the year. The S&P 500 is down less than 10% from it's all-time high. Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluat…
> What exactly is everyone so scared about that we all seem to think the economy is headed for a major recession? The economy seems to be doing well in 2019 dollars. However you have to take account that almost 2x more money have been printed since then. And if you divide all our numbers by 2, we are already in an economic disaster.
Earlier quoted context omitted.
Knowing people that make under 60k a year, and how harder their lives got and how hard it is to pay back loans and other obligations they where ulitmately strong armed into taking to improve their position. Not to mention how alot of western nations have a large majority of people are pay check to pay check regardless of their tax bracket. Working class is a good litmus of how the economy is doing vs S&P because spec…
It's always been hard for people in those income buckets. But if the question is: are we in a massive economic downturn over the past half year, it's really hard for me to look at the data and answer with a yes. One thing I'm looking at is: https://realtimeinequality.org/ And that's showing that for the first time in over a decade, the bottom half is seeing real wage/wealth gains, even after recent inflation. Am I mi…
*substitute with whatever staple you wish. I used bacon here since it's historically a working class' person's meat.
Earlier quoted context omitted.
> and inflation already seems to be dying down anyway. I̶ ̶d̶o̶n̶'̶t̶ ̶k̶n̶o̶w̶ ̶i̶f̶ ̶I̶'̶m̶ ̶t̶h̶a̶t̶ ̶o̶p̶t̶i̶m̶i̶s̶t̶i̶c̶.̶ ̶I̶ ̶t̶h̶i̶n̶k̶ ̶i̶n̶f̶l̶a̶t̶i̶o̶n̶ ̶i̶s̶ ̶s̶t̶i̶l̶l̶ ̶8̶.̶5̶%̶ ̶m̶o̶n̶t̶h̶-̶t̶o̶-̶m̶o̶n̶t̶h̶ ̶a̶n̶d̶ ̶o̶n̶l̶y̶ ̶d̶o̶w̶n̶ ̶0̶.̶6̶%̶ ̶f̶r̶o̶m̶ ̶p̶r̶e̶v̶i̶o̶u̶s̶ ̶m̶o̶n̶t̶h̶.̶ ̶W̶e̶'̶d̶ ̶n̶e̶e̶d̶ ̶s̶e̶v̶e̶r̶a̶l̶ ̶m̶o̶n̶t̶h̶s̶ ̶o̶f̶ ̶d̶r̶o̶p̶s̶ ̶t̶o̶ ̶c̶o̶n̶c̶l̶u̶d̶e̶ ̶t̶h̶a̶t̶ ̶i̶n̶f̶l̶a̶t̶i̶o…
You're not ever going to see long-term, broad price drops. That would be deflation. Your statement appears highly misleading, as if you don't understand the topic. Prices (in the U.S.) did not rise at all in July, so it's not clear what you could mean by "8.5% month-to-month" which, as stated, would be a spectacular and unprecedented rate. The month-over-month inflation in July was none. Prices rose 8.5% vs. year-ago…
I find the whole "economic gloom" sentiment a bit odd. We're at extremely low unemployment, and GDP took a small dip in Q1/Q2 but is projected to start growing again in the second half of the year. The S&P 500 is down less than 10% from it's all-time high. Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluat…
Knowing people that make under 60k a year, and how harder their lives got and how hard it is to pay back loans and other obligations they where ulitmately strong armed into taking to improve their position. Not to mention how alot of western nations have a large majority of people are pay check to pay check regardless of their tax bracket. Working class is a good litmus of how the economy is doing vs S&P because spec…
I personally am long on robotics. The longer time horizon to market does mean ROI takes a hit in a high interest rate world. But I think the statement "the future will have more robots" is less controversial than some of the future scenarios that other companies are predicated upon.
https://techcrunch.com/2022/05/24/doppel-helps-nft-projects-...
https://www.coindesk.com/business/2022/07/20/ai-based-startu...
https://www.theblock.co/post/159791/center-raises-11-million
Shameless plug - Doppel and Optic are direct competitors for what I've been building:
(We're the only solution that's publicly available).
Not to mention the various Know Your Customer, mixer detectors, etc such as Chainalysis, TRM Labs, etc.
I know crypto isn't popular on HN - given the amount of fraud, etc I've certainly jumped in here and elsewhere with plenty of comments and my thoughts elaborating on just how bad things are in the space (I do live and breathe it every day). My take is regardless of where you stand on crypto we should all be able to get behind solutions that are trying to clean up the space. Fact is it is here and (little) people are getting ripped off and scammed left and right.
On a side note (and probably worthy of an Ask HN) I've been self funding Tovera for a year and we have yet to land any investment after six months of trying and hundreds of hours (minimum) spent on the effort. Plenty to be said about the good and bad of where we are and how my motivation and mental health is doing. Our three direct competitors are all technically inferior and well behind us yet combined they've raised $27m... Classic story of the value of vision, pitch, and salesmanship vs tech.
I find the whole "economic gloom" sentiment a bit odd. We're at extremely low unemployment, and GDP took a small dip in Q1/Q2 but is projected to start growing again in the second half of the year. The S&P 500 is down less than 10% from it's all-time high. Inflation was an issue for a while, but a lot of that seemed to be driven more by temporary supply constraints in certain sectors than any actual currency devaluat…
> The recent interest rate hikes also didn't seem to have nearly as much impact on the markets as everyone feared they would.
Markets aren’t rational