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This soft landing will be viewed as one of the greatest economic achievements in history.
This soft landing will be viewed as one of the greatest economic achievements in history.
> greatest economic achievements in history. Who's achievement? This was a supply chain shock caused by COVID and war in Ukraine, then piggybacked by corporate collusion / greedflation. Taising of interest rates achieved nothing, possibly made it worse by decreasing money supply avaliable to address supply chain bottlenecks. There is a good nimber of economists that support this viewpoint: https://www.cnbc.com/2022/0…
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The people who died would have mostly been retired or lower productivity. Shouldnt impact labor costs much. Age pyramid definitely would though.
Long COVID would, though. And if people who would mostly have been retired or lower productivity are more likely to die and children don't contribute to the labor force in most of the US, long COVID would affect working age people primarily, no?
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Long COVID would, though. And if people who would mostly have been retired or lower productivity are more likely to die and children don't contribute to the labor force in most of the US, long COVID would affect working age people primarily, no?
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https://www.cidrap.umn.edu/covid-19/black-hispanic-people-ma...
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This is interesting. Never thought about how confusing it would be when banks start playing musical chairs with your mortgage. I do agree that a soft landing is still a recession. But the more people that realize that, the less soft the landing might be.
> Never thought about how confusing it would be when banks start playing musical chairs with your mortgage. I think Dodd-Frank addressed this, but maybe it was some legislation after. I think they made ACH details transferrable and padded payment windows iirc. > But the more people that realize that, the less soft the landing might be. Yeah, definitely, but that's why they crank the interest rate through the ceiling.…
Can you clarify?
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> Never thought about how confusing it would be when banks start playing musical chairs with your mortgage. I think Dodd-Frank addressed this, but maybe it was some legislation after. I think they made ACH details transferrable and padded payment windows iirc. > But the more people that realize that, the less soft the landing might be. Yeah, definitely, but that's why they crank the interest rate through the ceiling.…
>that's why they crank the interest rate through the ceiling. People that are cash heavy could come up quite a bit if left uninhibited Can you clarify?
If you have a ton of cash on hand when markets go to shit and interest rates go through the roof you suddenly have something no one else does: cash on hand that was traded when that dollar was worth less. When you buy property or stock with that money, you've effectively bought it at a hefty discount. When the markets and interest rates normalize again you stand to make huge gains.
They lock up financing to put a cap on growing inflation, but that same cap stops people from taking advantage of the market and thereby continuing inflation through a new avenue.
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Long COVID would, though. And if people who would mostly have been retired or lower productivity are more likely to die and children don't contribute to the labor force in most of the US, long COVID would affect working age people primarily, no?
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Does it occur more often in those cohorts, or are those cohorts more likely to be in contact with medical professionals who will take them seriously? https://www.cidrap.umn.edu/covid-19/black-hispanic-people-ma...
If you think the result is anomalous, then explain why transgender sufferers of severe long covid are more likely to respond to surveys than any other sufferer of severe long covid.
Response to hnbad's flagged response: "people who believe long COVID is a thing are more likely to seek out a long COVID diagnosis whereas those believing it's not a thing are more likely to "push through" and remain undiagnosed even when their condition may be severe and debilitating."
Real and earnest "severe and debilitating" afflictions aren't something you can successfully "push through" and remain productive with. If you can push through them, and evidently most of the working class can, then at the very least it's certainly not as severe and debilitating as advertised. Some people may earnestly have some mild lingering fatigue issues, as is the case after any viral infection, but that's about it. However that doesn't make severe disabling long covid, the sort that would actually hurt the economy, a hoax. There is a difference between a hoax and delusion. A hoax is a falsehood promulgated by somebody who knows it isn't true. Long covid is a hysteria promulgated by people who earnestly believe it is true, to their own detriment.
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>that's why they crank the interest rate through the ceiling. People that are cash heavy could come up quite a bit if left uninhibited Can you clarify?
This is a very layman's understanding, so take it with a grain of salt. If you have a ton of cash on hand when markets go to shit and interest rates go through the roof you suddenly have something no one else does: cash on hand that was traded when that dollar was worth less. When you buy property or stock with that money, you've effectively bought it at a hefty discount. When the markets and interest rates normalize…
BUT the opposing force is the inflation that originally justified the spike in interest rates. That cash they are holding is simultaneously worth less due to the devaluing of the dollar, but also enables you to operate when others have run dry.
EDIT: so I guess there is a distinction in the value of the dollar when you are using it to buy large things that require debt vs the day to day little items. Because the little items will get inflated easily as everyone allocates their limited capital to food and fuel. But the real estate market will stagnate as no one can trade houses around in this environment.