Retired IT guy, all-around nuisance

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  • 91 Comments
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.








  • 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.









  • What probably got me banned was asking the guy how was he not aware of such a gross overpayment. Oh well, I suppose most people look at a noticeable bump in SNAP benefits and don’t even question it. I would think something was amiss and double check on it.

    The slur, “welfare queen” never really has gone away and it’s been 40 years now. Heck, the colloquialism “hipster” barely lasted 10 years. Anyway, a lot of people unaware the fact that the people that get food stamps are pretty much split down the middle race wise. There are just as many white folks getting food stamps as there are African-Americans.

    I’m a senior citizen I know a lot of people in my age bracket that get them because their Social Security is not quite enough to cover everything, especially since inflation has run amok the last few years.


  • I’ve only used mobile versions of Reddit a few times and try to use a browser for the ad blocking. Reddit actually started going down the tubes once it was taken over by the corporation that owns Condé Nast and a few other publishers. Corporate interests, whether it’s Disney or Reddit, rarely align with those of the fan base that made them popular in the first place.