Retired IT guy, all-around nuisance

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Joined 1 year ago
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Cake day: June 12th, 2023

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  • No need for ad hominem attacks. Profiteering has always been a part of inflation but it’s never the cause or the underlying reason that inflation occurs. There are a host of things that go into what drives inflation but during Covid it was the Fed dumping tons of money into the system and post Covid it was wage inflation and low unemployment. Do corporations still use predatory pricing? You bet. The only thing that will really work now is either very deep recession or a depression.












  • Granted, the actual definition of “woke” is a far cry from what the media, especially you tubers and the Twitter mob make it out to be. People on both sides but especially the right call it the “woke virus”, when wokeism is basically just being aware of the societal pressures put on people of different races, genders etc.




  • Understood. Whether or not we are replicating economic conditions from 1929 is another story entirely. Other than AI, there really isn’t too much of a stock market bubble. The S&P 500 P/E ratio is lower than pre-pandemic and the Buffett indicator(US stock market value divided by GDP) is still well within a safe range. 1929 was pre-globalization, pre-SEC and there were next to no banking regulations at the time. The Internet bubble of 2000 with its insane speculation more closely resembled the crash of 29 than does the current market conditions. The 2008 housing debacle was primarily too much leveraged mortgage debt.

    I’m not a student of economics and haven’t studied much of it but I have owned stocks for quite a few years and have a basic understanding of how money works.