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Memes @lemmy.ml

☆ Yσɠƚԋσʂ ☆ @lemmy.ml

2y ago

The Economy

Memes @lemmygrad.ml

☆ Yσɠƚԋσʂ ☆ @lemmy.ml

2y ago

The Economy

15 comments

I don't think those hypes are proppin up any the economy. Basic needs, like food, do. Those hypes are like the furniture in top floor of that building.
- Sure, that's the real economy, but the way the west measures it is largely based on how the stock market is doing.
  
  I'm in the west and i don't. I think we like to use GDP and Inflation. Those could be better, but they are not too bad. The stock market is mostly for gambling.

Forgot quantum computing hype!
- Quantum computing? That's so 2010. 😅

Blockchain hype
Dead, buried, brought back to life, shot, brought back to life again and grafted to AI, beaten with a shovel, and currently laying in its own piss hoping 2024 is better to it.
Oh and Swift is apparently using chainlink for bank transactions, although most are wondering why on earth this would make chainlink holders any richer instead of the dev team and Sergey himself.
(it won't)

I think the actual story here is more interesting than the joke, to be honest. Where did this happen?
- it's from an earthquake in Taiwan https://www.straitstimes.com/asia/east-asia/taiwan-earthquake-tilting-residential-complex-used-to-be-most-expensive-in-hualien

The beam already on the ground should say "irresponsible monetary policy"
- That's just blockchain hype in disguise 🥸
  
  I'm talking about the Fed, but you better believe that money found its way into crypto and startups with dubious value props

The economy has never been stronger. If you don't count the few tech & crypto focused banks that collapsed early in the year.

15 comments