scamerica first

Next time, if you want to fool anybody other than your idiot supporters, move the clouds.

@TheAcidBurns3 ppl have no idea what I’m saying. It’s the bailout/socialized risk world that became widely tolerated post GFC/covid that I’m talking about. All of these bad changes (inflation/bubbles/extreme wealth concentration) happened during a time when we became PROFOUNDLY LESS CAPITALIST!

@TheAcidBurns3 I don’t even know where to begin with these replies. Capitalism / capitalist-socialist hybrids are the least bad option we have (all of most developed countries). Corruption is not unique to capitalism.

Shrinkflation pisses me off so bad because not only are you ripping me off but you're gaslighting me. I go talking about how there's less crackers in each sleeve and people treat me like I'm crazy. What's actually crazy is what we're putting up with from these corpos.

In 2000 the SOX nearly doubled in the final six weeks from late January to early March.

Apartment in my building officially sold for double what I paid for mine 4 years ago. Yeesh

Nothing to see here, folks. Just a billionaire hosting a private party for the President and Acting Attorney General while his massive media merger is under review at the Justice Department, it's not a REAL scandal like Hunter Biden selling some of his paintings. 🙄

@Barchart I mean, I am too. Don’t get me wrong. But we’re incentivizing all the wrong things as a society.

@Barchart The difference between now and 06-07 is the degree people in power are willing to go to to prevent deflation. It’s like they’re all levered long by default, which they are.

U.S. Housing Market has reached its most unaffordable level in history 🚨🚨

@Merridew__ Only thing I can think of that’s missing is that the big IPOs/IPO rush haven’t happened yet… But then again 2008’s biggest IPO was post peak for example, so idk

The Spirit Airlines bail out is not socialism. It would be socialism if we received free airplane tickets on Spirit Airlines in exchange for the government bail out. ……Instead, this is the use of taxpayer money to pay off corporate executives who have already received untold compensation, so they can continue to enrich themselves at our expense while exploiting the government to perpetuate their business.

@BumrahBachi When this bs is all over, I absolutely need to know how tsla price levitated for so long & the mechanics of it all in full detail. If this info never comes out, it would be a tragedy. No other stock has remained this divorced from reality at this scale for 5 years!

one of these is not like the others (everyone knows but it is still absurd to me how good he is at playing the capital markets)

@sidprabhu Well said

I cannot believe people are still making these claims (I mean I can because what they really want is counter cyclical spending to reduce risk premia and inflate their stock portfolios and objections to the amount of Covid stimulus are likely to lead to lower amounts of stimulus in future downturns). Covid inflation started in Q2 2021, by which point Real GDP and Real PCE were on their pre-Covid trend and Nominal GDP and Nominal PCE were exploding above trend. There was no meaningful aggregate supply shock concurrent to the inflation. One of my favorite statistics from this era is that in 2021 the Port of Los Angeles processed a record number of containers (a record that stands to this day) - hardly the hallmark of an inadequate supply of goods. There was only inadequate aggregate supply relative to the insane amount of economic stimulus that was being fed into the economy and that mismatch manifested itself as inflation (also in a globalized economy where policy makers follow similar Keynesian policy prescriptions the fact that most but not all economies inflation issues is hardly exculpatory). I mean the price of houses went up 30% from the beginning of 2021 to the middle of 2022. Do these people think we destroyed a bunch of houses? Covid inflation was substantially all a positive aggregate demand shock stemming from fiscal and monetary stimulus.

ms. askell’s buddy claude has a stark assessment of the egotism of her claims

@AmandaAskell Like the fact that this kind of shit pops up everywhere when there conveniently is an IPO around the corner actually makes me value the product less if anything… Am I the only one who’s this cynical?

@AmandaAskell Do people really take these posts at face value? Are people really that gullible? don’t get me wrong I am a fan of the product but

It's odd to be living through what feels like one of the most critical periods in human history and to feel all of the weight of it from the inside.

The Trump family has made $4 billion off the presidency. Crypto: $3.02B Persian Gulf deals: $425.8M Qatari jet: $150M Legal fees/merch: $127.7M Mar-a-Lago: $125M Corporate deals: $91M Hanoi hotel: $40M Truth Social: $25M Don Jr: $19.6M Unprecedented kleptocracy.