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Federal Reserve raises rates by 0.75%

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Re: Federal Reserve raises rates by 0.75%

#561

Post by aaaaaaaaata »

whiplash451 wrote: post #292
jmyeet wrote: post #251

The returns that capital demands (and the government obliges to) are ultimately unsustainable. That's the core problem here. Rising wages? There has been no meaningful real increase in wages in 40 years despite a massive increase in productivity. Profits keep going up and up. The expectations for profits keep going up. The problem here is that the people who make companies possible don't get to share in the proceeds…

The Norway example is really annoying. It keeps coming back as an example to follow, when everybody knows it is a complete outlier that cannot be reproduced elsewhere. Norway is sitting on a gigantic pile of offshore gas that it uses to generate massive profits that go into a huge fund they don't know what to do with, all of that for a 5M population that drowns into social programs. There is literally no country in t…

> innovation, companies, etc.

Not foisting Uber on the world is a strength, not a weakness...

Being stable, taking care of your own stuff, that's strength.

Your idea of a strong economy has its foundations in a growth-only myth that has caused all of the issues we see before us.

Re: Federal Reserve raises rates by 0.75%

#562

Post by altpaddle »

TheBlight wrote: post #365
JasserInicide wrote: post #346

Earlier quoted context omitted.

You're arguing in bad faith and you know it. The same phenomenon has been happening has been happening in rural places as well.

I'm not arguing anything. I'm pointing out that there are affordable places to live and the issue isn't supply but it's that you don't want to live there.

It is a problem of supply. You're probably a person who believes in free market economics. In every market high prices are a signal that supply is constrained relative to demand. As for the quip about it not being a right to live in 'hip' cities, it shouldn't be a right either for NIMBY homeowners to obstruct housing production.

Re: Federal Reserve raises rates by 0.75%

#563

Post by altpaddle »

perryizgr8 wrote: post #525
jmcgough wrote: post #362

Earlier quoted context omitted.

Most economists don't think it's related, or at least a minor cause. Inflation is happening on a global scale right now. The biggest problem we've had is a breakdown of our supply chain because of the pandemic.

> Inflation is happening on a global scale right now. All major global economies have been printing money at unprecented rates last couple of years.

Money printing to some degree has gone on everywhere but not at the same magnitude. It should not be surprising that countries have different monetary policy. Mexico for example had very little money printing/stimulus and had 7.68% annualized inflation in April.

Re: Federal Reserve raises rates by 0.75%

#564

Post by blip54321 »

bpicolo wrote: post #189
blip54321 wrote: post #108

Earlier quoted context omitted.

I have mixed feelings on tech stocks. I feel like the general competence has gone down, and that makes them vulnerable. Google is a shitshow right now. I don't think they can do B2B. Chrome Extensions. GSuite Free. Google Workspace App security audits. I can list of dozens of other disruptions like that. No one trusts them. At the same time, cost structure is astronomical; employee count has grown exponentially, to m…

If amazon’s main issue is the scams and knockoffs, how is aliexpress the cure?

I can buy stuff much cheaper on Aliexpress. My experience there is no worse than 2022 Amazon, except for lower prices and slower shipping.

Amazon, even as late as 2019, seemed ahead of Aliexpress on service and quality. Something happened with COVID which seems to have permanently broken Amazon. I understand a blip, but after 2 years, Amazon hasn't recovered.

My basic problem is that if I order medicines, I want to know they're not placebo pills. If I order vanilla extract, I want to make sure it's not produced in a chemical factory with random toxins. If I buy something brand-name, I want to make sure it has that level of quality. If I buy an SD card, I want to know it's not a defective product from a manufacturing run with a forged Sandisk label. I can't do that on Amazon anymore.

That leaves fast shipping as the prime selling point, but Amazon seems to miss delivery deadlines a lot since COVID, not to mention broad ranges of products which don't do fast shipping. Fast shipping I can count on is worth a lot. Fast shipping most of the time has negative value. Most of the time I care about fast shipping, it's because I have some deadline.

Re: Federal Reserve raises rates by 0.75%

#565

Post by NotSammyHagar »

prepend wrote: post #118
mbfg wrote: post #105

Earlier quoted context omitted.

please show where trickle down economics ever worked, anywhere.

I mean the US economy in the 20th century seems like a pretty good example, right? It “worked” by having the wealthiest realize most gains but also making the US the most powerful economy in the world and still has a large sized middle class with houses, pensions, 401ks, etc.

It's disingenuous to claim claim that trickle down economics worked when the widespread middle class in the 1950s was buoyed by more government spending, much much higher union membership and high taxes on rich people. The US did have widespread beneficial economic growth after the rest of the world was town down in ww2 and we weren't, but that has ended over time as Reagan and others started claiming trickle down was the way to go. We reduced taxes on the top, theoretically making it easier for rich to spend and induce jobs for the others, but the impact of 1970s to now is worse opportunities. In summary the time that trickle down econ. was supposed to help was the time where the non-rich started to lose their share more and more.

Re: Federal Reserve raises rates by 0.75%

#566

Post by MisterBastahrd »

eecc wrote: post #538
notch656a wrote: post #437

Earlier quoted context omitted.

Hey who doesn't like free stuff. I like free stuff. Just pointing out not to get too used to it. History hasn't been kind to those who become too dependent on oil revenue, including in the form of distributions from the state. >"you just want free stuff" Ah the old patronizing "I invent a quote the person didn't say, and then I straw man against it like they did."

It’s not a straw-man, at worst it’s a paraphrase. Quote: “I can see how getting a bunch of stuff without working” - https://news.ycombinator.com/item?id=31758991

Yeah, Elon really worked super-hard for those $200B. Man clearly outworked every other person in world history except Bezos, who has a team that photoshops him into vacation scenes practically every other week to keep Amazon employees to from understanding what a tremendous strain he puts himself under.

Oh, wait. He was born rich, continues to suckle the teat of the US government, and will generally make money if all he does is sit there and do nothing, because money is power, and power has a gravitational pull of its own.

Also, the reason that wealthy people with families who have hundreds of years of wealth are so stingy is because they don't want to work for it.

Re: Federal Reserve raises rates by 0.75%

#567

Post by NotSammyHagar »

deltree7 wrote: post #132
mbfg wrote: post #105

Earlier quoted context omitted.

please show where trickle down economics ever worked, anywhere.

An iPhone user in rural India surfing the open internet on $1 / month LTE mobile networks is absolutely an example of Trickle down economics working. Every single of the thousands of innovation that goes into an iPhone was subsidized by rich venture capitalists and rich early adopters who were willing to plonk large sums of money to a 'gadget' that only showed promises of work. It wasn't because the Indian Government…

No. You can't claim that good things were somehow examples of trickledown. India didn't create cell phones or LTE technologies, but of course individuals from that country worked at companies making these things. It's just silly to claim arbitrary technology improvements are examples of trickle down econ. For example, lots of technology is created by war time scientific advances, pushed by governments.

Re: Federal Reserve raises rates by 0.75%

#568

Post by TheBlight »

altpaddle wrote: post #562
TheBlight wrote: post #365

Earlier quoted context omitted.

I'm not arguing anything. I'm pointing out that there are affordable places to live and the issue isn't supply but it's that you don't want to live there.

It is a problem of supply. You're probably a person who believes in free market economics. In every market high prices are a signal that supply is constrained relative to demand. As for the quip about it not being a right to live in 'hip' cities, it shouldn't be a right either for NIMBY homeowners to obstruct housing production.

Your need for shelter could be adequately (and cheaply) met in many areas all over the country. You aren't entitled to be sheltered wherever you find desirable.

Re: Federal Reserve raises rates by 0.75%

#569

Post by NotSammyHagar »

nemo44x wrote: post #199
JaimeThompson wrote: post #162

Earlier quoted context omitted.

>Every single of the thousands of innovation that goes into an iPhone was subsidized by rich venture capitalists and rich early adopters Don't forget the governments which helped fund the basic research used to make such things, the middle and lower classes that pay more in property taxes so companies can be bribed to build factories, and other such things. Put another way it's a much more complicated picture than ju…

Wealthy people pay almost all the taxes. the top 10% pay 71% of taxes and the top 25% pay 87%. 75% of the country contributes nearly nothing but complaints.

You have to include payroll taxes, all taxes. The top few percent have most of the wealth, too. When you include payroll taxes the tax distribution is much more even.

Re: Federal Reserve raises rates by 0.75%

#570

Post by mark_l_watson »

johnbellone wrote: post #129
mark_l_watson wrote: post #28

Earlier quoted context omitted.

Thanks you, +1. If we don't take responsibility for our own problems, to me that spells trouble. I don't intend to pile on against President Biden, but his recent speech before the labor union sounded like a kid blaiming the dog for eating his homework, when he never did his homework. I will probably make a bunch of people here mad at me, but there is so much to blame on both political parties. Putting Wall Street's…

> I will probably make a bunch of people here mad at me, but there is so much to blame on both political parties. Anyone who can't agree with that statement isn't living in reality.

While I agree with you, my family and friends seem to be divided up between the democrats and republican camps, and mostly think that their bubble/tribe can do no wrong. I find this frustrating.
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