Capitalism, The Fed and Economic Policy

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  • mickeyrat
    mickeyrat Posts: 46,768
    Meta shares jump after Reuters report on plans for layoffs of 20% or more - https://www.reuters.com/business/meta-shares-jump-after-reuters-report-plans-layoffs-20-or-more-2026-03-16/
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  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 51,689
    And still, the technocrats keep telling people dumb enough or deep enough in denial to keep believing them that AI will ultimately create more jobs than it destroys. I see so many people genuinely thinking that is how it's going to play out, lol. It's quite irrational. 
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • tempo_n_groove
    tempo_n_groove Posts: 43,418
    PJ_Soul said:
    And still, the technocrats keep telling people dumb enough or deep enough in denial to keep believing them that AI will ultimately create more jobs than it destroys. I see so many people genuinely thinking that is how it's going to play out, lol. It's quite irrational. 
    Whenever I hear about someone saying that I know they are selling their AI platform.  That is the only person that believes that bullshit.
  • tempo_n_groove
    tempo_n_groove Posts: 43,418
    tempo_n_groove said:
    Housing bill passed.  It really is laughable.  It won't help anything.  They see the problem but obviously don't want to anger the people that they are supposedly working against.

    Smoke and Mirrors!

    https://www.nytimes.com/2026/03/12/us/politics/senate-housing-bill.html

    One of my takeaways...

    "Under a new proposed rule spearheaded by Senator Raphael Warnock, Democrat of Georgia, investors who own 350 single-family homes would not be able to buy more, although the rules would not apply retroactively."

    What a joke. If you can own that many houses you are a billionaire already.  For effs sake.
    I was really hoping this would get some comments and feedback but I guess Iran has all of our attention?
  • static111
    static111 Posts: 5,343
    $3.70  a gallon gas here in deep red Texas.  Man I sure do feel great again.
    Scio me nihil scire

    There are no kings inside the gates of eden
  • mickeyrat
    mickeyrat Posts: 46,768
    🔗: https://bit.ly/4bRErNa
    The United States national debt crossed $39 trillion for the first time Tuesday, arriving at the grim milestone less than five months after it first hit $38 trillion in late October—a pace of accumulation that budget watchdogs and academic economists are now calling, with unusual unanimity, “unsustainable.”
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    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Halifax2TheMax
    Halifax2TheMax Posts: 44,302
    mickeyrat said:
    🔗: https://bit.ly/4bRErNa
    The United States national debt crossed $39 trillion for the first time Tuesday, arriving at the grim milestone less than five months after it first hit $38 trillion in late October—a pace of accumulation that budget watchdogs and academic economists are now calling, with unusual unanimity, “unsustainable.”

    *The following opinion is mine and mine alone and does not represent the views of my family, friends, government and/or my past, present or future employer. US Department of State: 1-888-407-4747.

    How much, exactly, is a “small price” to “pay” to be “tippy-top”?

    Sure am glad all those Tea Partiers voted CCOOTWH, eh?
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  • mickeyrat
    mickeyrat Posts: 46,768
    Ticketmaster and Live Nation hold illegal monopolies, jury finds - https://www.reuters.com/business/media-telecom/ny-jury-finds-live-nation-illegally-monopolized-ticketing-markets-bloomberg-news-2026-04-15/
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • tempo_n_groove
    tempo_n_groove Posts: 43,418
    Stock Markets are going crazy.
  • static111
    static111 Posts: 5,343
    tempo_n_groove said:
    Stock Markets are going crazy.
    What's happening and why?  Because of UAE pulling out of OPEC, the unjustified war in Iran, AI dooming, the utter destruction of Gaza, the invasion and bombing of Lebanon?
    Scio me nihil scire

    There are no kings inside the gates of eden

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