61–70 of 257 posts
It's wild to think that in the entire existence of human history, after rolling along largely unchanged for literally hundreds of thousands of years, that we happen to be born in the small sliver of time where we went from inventing simple silicon based calculating machines to said machines bringing an end to life as we know it by end of 2027. I don't even think the most plugged in HN reader understands what will be…
Its interesting to me how it has made a lot of people really stupid.
> "Excluding new era investment, the other 89% of real private spending rose by only 1% with no job creation," the strategist wrote. That isn’t what a recession is
Earlier quoted context omitted.
We've been redefining recession recently, it may not matter much what the textbook definition is.
What specifically has changed?
In general, people are kind of calling BS on what the definition should be because we are all collectively feeling that things are doing poorly but no one is quite willing to recognize it due to the definitional stuff.
Earlier quoted context omitted.
Chinese solar panels don’t help with plastics or industrial lubricants.
The amount of oil used for plastics or lubricants is insignificant compared to the use of oil as energy. In the United States, lubricants use ~0.5% of all oil, and all industrial feedstock about 1%. Don’t let perfect be the enemy of good.
You're not from these parts, are you?
Earlier quoted context omitted.
What specifically has changed?
Realizing that GDP growth can be achieved while average joe on Main Street is struggling. The billionaires doing well masks everyone else struggling to afford groceries. In general, people are kind of calling BS on what the definition should be because we are all collectively feeling that things are doing poorly but no one is quite willing to recognize it due to the definitional stuff.
This is most GDP growth across human history until the Industrial Revolution with the exception of maybe a half dozen civilisations.
https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.c...
Oil spiked to $110/barrel on the WTI front month futures contract this afternoon, a $20 jump up from Friday. At this pace we'll be at $150 a barrel in a week or two. If oil infrastructure keeps getting hit, even if the strait of hormuz is reopened, it'll take a long time to recover from. That's on top of the continued call for regressive tariffs and a weakening labor market. I think we're heading for a recession unle…
Earlier quoted context omitted.
Restaurants are being extorted by online delivery services.
Why do people need those delivery services? Why can't they just cook meals at home like most people do?
Because they don't want to and don't have to justify their wants and preferences. (Also, historically, most socieities had a communal element to food preparation. Every household cooking everything at home was for the rich.)
