Economics
/economics1740
A place to talk about finance and the economy
Chasing activities for payout vs. chasing activities for joy that increase payout probability.
This is one way to look at grants or what crypto can do to change economic systems. It'll take a lot to retrain the brain from the modern day slavery that has captured most of the world in the "9-5".
This is one way to look at grants or what crypto can do to change economic systems. It'll take a lot to retrain the brain from the modern day slavery that has captured most of the world in the "9-5".
Both Democrat money printing and Republican deregulation create boom and bust cycles.
Same song, different styles.
Same song, different styles.
Stablecoins will reshape the current monetary system. Finance will have to get used to the fact that a significant part of US debt is kept in descentralized tokens at cryptoland.
What did you get done today?
We just don't need that many ships polluting the ocean. We have a gigantic nuclear reactor radiating land nearby 50% of the time.
Auto loan 90+ day delinquency rates are now 2.88%, the highest since Q2 2010.
The percentage has almost doubled in just 2.5 years!
The percentage has almost doubled in just 2.5 years!
Not just Americans.
“When the American middle class complains about how hard we have it these days, it’s like a bunch of overfed people at a buffet wishing they could just have one more flavor of donuts stacked onto the table.”
https://www.mrmoneymustache.com/2024/10/13/economics-vs-politics/
“When the American middle class complains about how hard we have it these days, it’s like a bunch of overfed people at a buffet wishing they could just have one more flavor of donuts stacked onto the table.”
https://www.mrmoneymustache.com/2024/10/13/economics-vs-politics/
Between Musk launching rockets, Powell cutting rates, and Trump deregulating industries, we just might get the eighties again.
Acemoğlu et al. receives a nobel in economics science.
Daron is a Turkish-American of Armenian descent.
https://x.com/nobelprize/status/1845763241147785723?s=46
Daron is a Turkish-American of Armenian descent.
https://x.com/nobelprize/status/1845763241147785723?s=46
For the average, prices never go down. That's the biggest trick they've pulled on people.
"But we can’t even put elevators together in factories in America, because the elevator union’s contract forbids even basic forms of preassembly and prefabrication that have become standard in elevators in the rest of the world. The union and manufacturers bicker over which holes can be drilled in a factory and which must be drilled (or redrilled) on site. Manufacturers even let elevator and escalator mechanics take some components apart and put them back together on site to preserve work for union members, since it’s easier than making separate, less-assembled versions just for the United States."
https://www.nytimes.com/2024/07/08/opinion/elevator-construction-regulation-labor-immigration.html
https://www.nytimes.com/2024/07/08/opinion/elevator-construction-regulation-labor-immigration.html
When we look back in 100 years time, I think there is a chance that prediction markets will be defined as precursor for the widely adopted use of information markets across every aspect of the economy.
What's the difference?
Prediction markets were not predicting much at all because they were facilitated by trading, which is naturally defined by MEV. The era of information markets will be defined by staking models that emphasize conviction, which in turn will be based on competence.
Our societies must surface competence and integrity in order to move forward while preventing the breakdown of the social contract. I believe that we are going to facilitate this kind of healthy progress using better information markets in the future than we have at our disposal today on an institutional level.
What's the difference?
Prediction markets were not predicting much at all because they were facilitated by trading, which is naturally defined by MEV. The era of information markets will be defined by staking models that emphasize conviction, which in turn will be based on competence.
Our societies must surface competence and integrity in order to move forward while preventing the breakdown of the social contract. I believe that we are going to facilitate this kind of healthy progress using better information markets in the future than we have at our disposal today on an institutional level.
Purchasing Managers’ Index (PMI) is an economic indicator that measures the health of the manufacturing and services sectors. It is based on surveys of purchasing managers across various industries and reflects key variables like new orders, inventory levels, production, supplier deliveries, and employment conditions. A PMI above 50 indicates expansion, while a reading below 50 signals contraction. It is important because it provides insights into the economic direction, helping businesses, investors, and policymakers make informed decisions by offering a timely snapshot of market conditions and potential future economic trends.
It’s crazy how much humanity’s sense of meaning in life is inversely correlated to the federal funds rate.
Financial nihilism is a high interest rate phenomenon.
"Half a dozen or more Perspex tanks were linked together through a network of pipes, dams and sluice gates and filled with water stained a deep pink with cochineal dye. It looked like the sort of thing a mad genius might produce if asked to design a water clock."
https://timharford.com/2024/10/how-a-mind-boggling-device-changed-economic-history/
https://timharford.com/2024/10/how-a-mind-boggling-device-changed-economic-history/
Why would I ever watch CNN / NBC / MSNBC / BBC etc. to learn about economics?
WHEN I GOT MFING CHANNEL 5 AND GOOD WORK!!!
Good Work_ What’s Good with Interest Rates
https://youtu.be/6An7wvZ_Cj4?si=AbbOMLJrF-Ukby3N
WHEN I GOT MFING CHANNEL 5 AND GOOD WORK!!!
Good Work_ What’s Good with Interest Rates
https://youtu.be/6An7wvZ_Cj4?si=AbbOMLJrF-Ukby3N
📈📈📈September PPI inflation RISES to 1.8%, above expectations of 1.6%.
Core PPI inflation RISES to 2.8%, above expectations of 2.7%.
Both Core PPI and CPI inflation are now officially back on the rise.
Core PPI inflation RISES to 2.8%, above expectations of 2.7%.
Both Core PPI and CPI inflation are now officially back on the rise.
In systems thinking, social security
(as currently constructed) is called a ‘reinforcing loop’ that has led to unsustainable growth with a potential for ‘runaway collapse.’
If we don’t have enough people to fund future retirees’ benefits, where will the find the funds? What comes next?
(Btw when I ask ChatGPT if Social Security is a ponzi, it replies ‘no’ because it’s government sanctioned 😂)
(as currently constructed) is called a ‘reinforcing loop’ that has led to unsustainable growth with a potential for ‘runaway collapse.’
If we don’t have enough people to fund future retirees’ benefits, where will the find the funds? What comes next?
(Btw when I ask ChatGPT if Social Security is a ponzi, it replies ‘no’ because it’s government sanctioned 😂)
The worst case scenario has happened to the FED and the economy. Inflation is coming back!
Supercore CPI surges 0.4% MoM, highest since April, driven by surging costs of professional medical services and record high auto insurance.
Supercore CPI surges 0.4% MoM, highest since April, driven by surging costs of professional medical services and record high auto insurance.
The U.S. Department of Justice is considering breaking up Google after a ruling that it suppressed competition in online search. The proposed measures, if approved, could reshape the tech landscape. Google argues the changes are extreme and could raise consumer prices. The outcome may influence regulations for other tech giants like Meta and Amazon, with further proposals expected in November. Which parts do you think will outperform the others: YouTube, Android, Chrome, Google Search or others?
“It turns out that if you put Elon Musk on the graph, almost the entire US population is crammed into a vertical bar, one pixel wide. Each pixel is $500 million wide, illustrating that $500 million essentially rounds to zero from the perspective of the wealthiest Americans.”
http://www.righto.com/2024/10/wealth-distribution-in-united-states.html
http://www.righto.com/2024/10/wealth-distribution-in-united-states.html