I love that the two guys staring at the reader have :doomjak: shading
I think nowadays it's just a warehouse of servers in the tri-state area that are programmed by the boomers' nephews, and nobody actually knows how they work anymore.
hope that person who posted earlier about getting into stocks holds off for the foreseeable future, damn.
If you're putting a small amount in at a time, during a freefall is actually a great time to start investing.
Shit might get interesting if the rail strike goes through on this Friday. I already bought extra toliet paper and soaps lol
They already have the power to make them work by fiat. The question is how pissed are workers on low level (unions are very bleh seemingly) to say fuck that
wow is there another global pandemic or something? Or is the Most Rational System just shitting itself for literally no reason at all (again)
Petroleum Reserve is almost depleted too 😂
Gas prices going down is only temporary
Source on this? Not that I don’t believe you I just want to lol
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ij1GvJMfnOhs/v0/-1x-1.png
:rat-salute-2: thank you comrade and lol it’s halfway empty in only 3 months
350 million barrels is not exactly empty, although it's been dropping pretty fast
struggling to bring inflation down and appears to be running out of options (within the neoliberal framework, of course)
Which is ironic because neoliberalism was partly justified in the first place as a way to deal with inflation.
Real heads know it was actually about the TROPF tho.
Do you think it could be argued that increasing inflation in the imperial core is an inevitable consequence of the slow loosening of it's grip over the rest of the world? I guess everything is kind of a factor, but I find a bit of humor in the idea of Biden trying to counteract the fact that Western lifestyles are subsidized by imperialism. Enjoy that struggle, dipshits.
I just want to say, you're one of my favorite posters. And also, the idea that Americans wake up one morning and realize they have to start paying the "real" price for their treats brings me a tremendous amount of joy. I know it won't happen that way, but a comrade can dream...
I’m not an economist, but I tend to think it’s the result of political malfeasance in the form of the messed up Covid response (leading to a labor shortage), provoking and sanctioning Russia (leading to gas and fertilizer/food shortages), and trying to “decouple” from China (leading to all kinds of other shortages). The inability of the US to care for its own citizens and also accept a multipolar world is imo largely responsible for this mess.
inflation the tormentor
wait fuck no not in a kinky way what the fuck @VolcelPolice I need a bodyguard asap
If you can uphold your oath, your oath will be upheld for you. A volcel officer is en route to yohr location. Apologies for the delay, we are severely underfunded :volcel-judge:
Takes me back to that video of the money printer wojaks with caramelldansen playing. The good old days :caught-in-4che:
Previously the Trump administration had kept the stock market afloat by pumping money into it so that they could point at it and say they were doing good with the economy while ignoring every other economic indicator getting worse, but now that money has run out so there's not a single good economic indicator for anyone to point at. So this isn't a new bad thing so much as a further indication of things getting worse
The collapse of a society is made of dozens of boring moments like this. The sheer banality of evil pisses me off sometimes.
I doubt it will lead to that anytime soon. It'll likely lead to a five year depression at some point that just accelerates this new Gilded Age.
1,276 points
What percent is that? I wish media outlets put the percentage in the title. It's far more important than the point loss.
Edit
About 4%.
Dow tumbles 1,200 points for worst day since June 2020 after hot inflation report
The Dow Jones Industrial Average slid 1,276.37 points, or 3.94%, to close at 31,104.97. The S&P 500 dropped 4.32% to 3,932.69, and the Nasdaq Composite sank 5.16% to end the day at 11,633.57.
When the civil war kicked off, most stocks only moved a percentage point or two in the cotton markets.
Edit:
That there is no lack of hotheads who assert that there is here a clear casus belli in the event of the country’s not obtaining complete satisfaction, need scarcely be mentioned: nevertheless, the more moderate will hold the field and people will await the decision of the Crown lawyers and the government with composure. On the Stock Exchange, consols had rapidly fallen one per cent with the arrival of the news from Southampton; at closing, however, they had somewhat recovered again. In the City, as on all sides, firm confidence is placed in the self-possession and energy of Lord Palmerston. There is no lack of rumors of the worst sort, in particular that the American government had foreseen a quarrel with England; that in anticipation of this it had already bought up the entire saltpeter supply (60,000 cwt.) during the past week, and that Lord Palmerston, because he had exact knowledge of the American Cabinet’s intentions, had dispatched troops to Canada and warships to the American stations in good time.
So not cotton specifically, but the consol (I'm guessing similar to an index fund) fell 1% before recovering immediately after the Trent affair.
Why?
I'm mystified as to why a civil war would have that little effect.
Because no formal declaration had been made after the Trent affair, and the English textile industry had always worked off warehouse stock for cotton so some people thought the crown was going to declare war, and sold (driving down the stock), but the people in the know expected that any formal declaration of war would be held off at least for a year in hopes that the blockade would be lifted in time for the cotton crop for the next year to be shipped on time.
Over time the markets did in fact shift very heavily, but it's still telling that even a civil war in the United States had less of an immediate effect on the stock prices than this.
oh goodness, better vote for the red capitalists next time then.
