Avid Amoeba @ avidamoeba @lemmy.ca

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254

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2 yr. ago

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When it comes to non-asset price inflation, there's plenty of analysis already showing the largest proportion by far came from increases in corporate profit margins - a profit-led inflation.

You cite the Phillips curve model as if it's an infallible oracle. At this point we know that not only it doesn't always hold (e.g. stagflation contradicts it) but also its predicted effects break down in the long-run.

Your hypothesis for inflation in assets doesn't hold up for housing prices, at least not everywhere. The GTA market has been flat after falling from the 2022 spike and it's currently hovering 2021 levels:

Rents on the other hand have increased on the basis of the population growth, housing shortage, and interest rates hikes but even those have slowed a bit:

Some of what you're saying is obviously true but the majority increase in non-asset inflation did not come from that. You're going about cheap labour driving equities, presumably through higher profits since that's what equities track, but don't point to the recognized arbitrary price increases that increase those profits. This is what labour cost vs profits actually look like for some of this period:

I think it doesn't look like those profits came predominantly due to cheap labour. Which leaves the other factor. So it seems like profit-led inflation is a larger contributor to equities going up. And we know as much since some execs have said that in plain language. So even some of the equity asset inflation is linked to the arbitrary price hikes.

This stuff is really important because if people are pointed to the wrong cause, they ask for the wrong solutions, and then we're confused as to why things keep getting worse. The low-interest / QE asset inflation explanation that worked well in the 2010s is not well suited to what's been happening post-COVID. We're all seeing prices going up in non-asset markets left front and centre during high interest rates. And we're all seeing corporations posting record profits. The consolidated players in every major part of our lives are the better explanation to all this. And when you add their ability to exert power over the political system in their favour, it gets even clearer.

Even climate change as a problem is largely driven by the oligarch class. The working class would have been alright driving the smaller cars used to drive in the 2010s, and would have likely been okay climate action even in the late 80s. Especially since the cost would have been much lower if action was taken at that time.

That is if the oligarch class did not wage relentless propaganda on climate change science and any solutions, instead promoting the fossil fuels industry which they own.

We don't need shelters. If the homeless just suffer more sleeping in the parks in the dead of winter, they might just stop being homeless! If the homeless have doubled in recent years, it's because they have it too easy!

A minority of attendees complained about the panel's videos and online surveys, saying the information is biased in favour of acting on the proposals, blames Ottawa for provincial problems, and fails to consider the cost of such decisions.

NDP plants!

The use of criminal proxies offers "arms-length deniability," according to Ms Evans, who blames the rising threat on the "continued erosion of the rule-based international order".

Who could've thought this could happen?? Wow.

I guess not all have lost their minds. If enough Israelis don't snap out of their psychosis, they'll end up in the position of an autocratic Gulf state pronto.

This line about "It's as easy as leaving Ukraine" was only somewhat true in the beginning when it was more of a "special military operation" and less of a war. As others have pointed out, a lot has changed economically and most likely politically. Putin isn't an absolute master that can do anything on a whim with no repercussions whatsoever. Like any other place and time, the ruling class only gets to rule if enough of the working class isn't destitute. If the ruling class gets enough people into poverty, heads are very likely to roll.

This is why the most foolproof solution I've found is to use a docker container that has VPN and torrent client built-in. It'll have the networking configuration done by someone who knows better. The most popular ones, like this, would permit no internet access out of the container outside of the VPN host. Then it doesn't matter whether the torrent client binds to a specific interface or not, or what its configuration is. It's trapped, or sandboxed, and the only way out is via the VPN tunnel. Once you have setup one of these, you can also reuse it from other containers with other apps, like your Usenet client, or even outside of containers via the built-in HTTP proxy. I know there's also a qBit based container but I haven't read into it or used it so I can't vouch for it. The Transmission-OpenVPN based one is rock solid. Have used it for many, many years.

I didn't have Chinese robotaxis driving for Uber in my bingo card.

So the price is about the same as it is for 16GB models - about $20/TB. Nice.

Let me tell you about a brilliant product called Here One that I used a very long time ago...

I think Carney and co think they have to prove they did an honest attempt before they ask Canadians for sacrifices. They probably fear they may quickly lose support if they don't.

And in my opinion, Carney should lose support on his domestic economic policy if the projected cuts materialize. Not on his negotiations with Trump. Because that's something other parties could potentially address. Trump negotiations are a long shot for anyone.

Yeah, same. So the quality isn't too important. Sitting there wn for a coffee among people, even if alone is important for mental health. But then again there are some good places that are pleasure to be in and drink their stuff. I'm lucky to have one and a half at walking distance.

Wow, that was some supreme both-sides shit.

Hm. I guess that makws sense. So the Russians are in a better position technologically while probably weaker in manpower than in the beginning of the war. But the tech could probably offset that. Economically they're probably overall benefitting from shifting directly to Chinese products that have much lower profit margins than what they used to pay for European and US goods that flooded in after 1991. So their PPP ratio is probably rising. Would be interesting to see if that's borne out in data. If they're able to make more missiles, drones and such for less, in a sustainable fashion, then I guess there is a reason for building up deterrent manufacturing in the EU to counter it.

On a Jan. 8, 2025 episode of Two Nice Jewish Boys, he said “the Gazans” should rule Gaza, and continued: “What they want is to survive like cockroaches. In other words, ‘you can’t destroy us,’ which is true, and they say cockroaches will even survive a nuclear war. But they have not done anything for themselves.”

“They’re not a productive people [...] Whatever they have, they will weaponize.”

It's like copy-pasta from the writings of European colonizers of North America on indigenous people, but worse.

Once you start making legitimately good espresso, drinking coffee out becomes problematic. 😂

Like a .. taxi company or something.

This is fucking amazing.

E: The ratio.... - https://xcancel.com/ZohranKMamdani/status/1944832025652871492

I don't know. Honestly probably nothing. I think the commies rightfully see EU and US capitalist democracies as being one bad election away from fascism and for a good reason. Examining the trajectories of our politoeconomic systems, we have been on that trend for a long time now. We're not doing anything meaningful to stop it. So from their perspective, they understand that our capitalist systems are unsustainable and they understand the right ideologues are diametrically opposed to socialism around the world and have used military and economic force against it in the 20th century. I'm pretty sure they see this happening again, aimed at them and they would need to be able to protect themselves. Having a gas station or two that are isolated from the rest of the world is a great asset in this scenario. So I think the best we could do is getting Russia to agree to some compromise which would most likely include significant land loss for Ukraine. Unless there's a military solution that someone is willing and able to fight. Maybe if the US goes full in weapons supply to Ukraine. Don't know.