501–510 of 537 posts
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The EU did it too, probably second with the US being last. It’s just that the EU focused on worker’s rights, protections for origins of products (can’t call bubbly wine Champaign if it’s not from there), etc.
To compete with other Leviathan unfortunately you have to become one too. It’s just for survival.
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If not for the top 10 of the S&P 500 - the companies that can get a meeting at the white house - we'd probably be in a recession and S&P would be down.
Why don't you exclude the worst performing industries instead?
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Worse, we’ve been in one but have been pretending we aren’t. Stock goes up.
Waiting for the music to stop… (Actually I'm not, but the rest of the market seems to be. In this version of musical chairs, you can sit down any time you like—you just miss out on potential gains before the music stops.)
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The biggest "pretend" is where spokesmen, spin doctors, and sycophants for the plutocrat class have somehow convinced the 99% that stocks going up makes more jobs for the little people.
The most pernicious part of the con is that by systematically dismantling pensions and forcing everyone into 401(k)s, they've ensured that we all have to root for the plutocrats. We're forced to watch our retirement funds, which means we're incentivized to hope Amazon's stock does go up after firing 14k (or 30k according to other sources) people. It's a system of forced complicity. We have to root for the billionaire…
I'm not even halfway there. I'd rather think long term and legitimately fix issues in the economy. I don't need number to go up explosively every year.
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Factor out the AI companies doing circular dealing to juke their stock price and GDP growth was like 0.1% combine that with purchasing power loss and US economy is net negative. It's pretty clear what happens next. Over 42 million people are about to lose their SNAP payments in 4 days[1] and millions more medical care. It's gonna get bad. https://www.bbc.co.uk/news/articles/c4g7d9j7p5qo
The only publicly traded companies that are involved in what could be considered circular dealings in enough volume to affect their stock price are Nvidia and Oracle.
I never would have bet on an Nvidia crash alone being what causes the 21st century great depression, but reality is alwways stranger than fiction.
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SP500 is flat this year when you account for loss of purchasing power of the US dollar: https://ycharts.com/indices/%5ESPXEUR
No it's not: https://ycharts.com/indices/%5ESPXCAD https://ycharts.com/indices/%5ESPXJPY https://ycharts.com/indices/%5ESPXCNY Hmm, might have you cherry-picked some data?
I see about a 10% growth in your charts and that's what experts estimate the loss on the dolar has been this year. What's the deal?
It really feels like we are in the middle of a recession.
Well, it may be - hidden, at least in the US, by the "AI"-Bubble. But also an interesting point is that these layoffs do not happen in struggling companies -they all have increasing profits. It is most likely a way to squeeze out some easy penny and pump up share prices - remember the "shareholder value". Shareholders today are all looking for pump & dump schemes.
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No it's not: https://ycharts.com/indices/%5ESPXCAD https://ycharts.com/indices/%5ESPXJPY https://ycharts.com/indices/%5ESPXCNY Hmm, might have you cherry-picked some data?
>when you account for loss of purchasing power of the US dollar: I see about a 10% growth in your charts and that's what experts estimate the loss on the dolar has been this year. What's the deal?
Maybe your experts aren't such experts.
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>when you account for loss of purchasing power of the US dollar: I see about a 10% growth in your charts and that's what experts estimate the loss on the dolar has been this year. What's the deal?
The "deal" is that those chats are already adjusted to foreign currencies. That's 10% growth in those currencies. Maybe your experts aren't such experts.
I'm no expert myself, but feel free to argue with them if you are:
https://www.morganstanley.com/insights/articles/us-dollar-de...
https://economictimes.indiatimes.com/news/international/us/d... (note: This one comes from Paul Graham himself).
I don't understand this thread. Is Amazon supposed to keep expanding ever and ever again? If those people are needed, then Amazon will fall (good riddance), if they are not needed then that's just good business. I don't see any issues as long as everyone plays a fair game.
Well that's the issue. If you've been paying attention to what's really going on you know that this isn't a game at all but merely a hostile coup from the plutocracy. If you really think AI is automating all these jobs then you've fallen for the spin.