41–50 of 704 posts
Funny how there is a post-it with a password glued to the screen of the computer in the lede image, now in plain sight for thousands of readers.
Looks like there's a year at the end; might be to facilitate suckurity requirements such as yearly password rotation.
Funny how there is a post-it with a password glued to the screen of the computer in the lede image, now in plain sight for thousands of readers.
Odds are it hasn't been updated for 20+ years
> Repricing, though, isn’t as easy as changing a tag—in part because suppliers and big-box stores are engaged in an epic tussle over who will pay what. > Retailers, including Lowe’s and Home Depot, buy Thompson Traders’ wares and set the retail price themselves. And they have been reluctant to pay Thompson Traders more. It seems like this sort of scenario would benefit from some kind of risk protection, like insuranc…
> Repricing, though, isn’t as easy as changing a tag—in part because suppliers and big-box stores are engaged in an epic tussle over who will pay what. > Retailers, including Lowe’s and Home Depot, buy Thompson Traders’ wares and set the retail price themselves. And they have been reluctant to pay Thompson Traders more. It seems like this sort of scenario would benefit from some kind of risk protection, like insuranc…
In the current situation wouldn’t that just mean one more layer that don’t know how to price their product?
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I don’t know if you can factually back up your claims but I applaud your proper use of decimate. It is a rare thing. One might even say it happens less than 10% of the time.
Decimation was way worse than reduction by a tenth. It was a punishment in the Roman army where the offending unit was divided into groups of 10 and each group had to draw straws. Whoever drew the short straw must be stoned or clubbed to death by the other 9. If you threatened me with death if I didn't cut off my feet, I wouldn't consider that "reduction by 10%" even if mathematically it might be.
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It's because basic economic theory makes some really bad assumptions. It assumes everyone has the information they need, and sellers can instantaneously change prices in response to changes in demand or cost of production. Neither of which is true in the real world.
I don't think you've successfully demonstrated that those assumptions are bad . They're simplifying assumptions that are necessary to have a "basic" economic theory in the first place—one with tractable and understandable mathematics that can produce an answer without immediately dumping you into partial differential equations or requiring impossibly detailed input data. The assumptions are only bad if they prevent t…
It's like doing physics where you assume perfectly uniform spherical objects in a vacuum. It isn't worthless just because that isn't how the real world works, but depending on the circumstance it can also give you incorrect results, and sometimes even be way off.
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> basic economic theory makes some really bad assumptions. It assumes everyone has the information they need, and sellers can instantaneously change prices in response to changes in demand or cost of production This…is not true. What theory are you referring to?
https://en.m.wikipedia.org/wiki/Homo_economicus Its a long time known flaw in economics. Im sure there are better models but i still agree with GP, the scientific field of economics is still a joke on par with psychology.
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> farmers can’t sell anything because retaliation has destroyed international demand Not true. At least not yet. Q2 agricultural exports were roughly flat to Q1 [1]. [1] https://fred.stlouisfed.org/series/B181RC1Q027SBEA
Soybean farmers are predicting a world of hurt as China continues to acquire from South America instead. “Overall, export sales of this fall’s (U.S.) soybean crop are down 81% from the five-year average,” Brasher reported. https://www.usatoday.com/story/news/2025/08/20/soybean-farme...
When it comes to soy, America has enormous leverage and China already accepted they're negotiating from a position of weakness.