Wait until you folks hear about the American Institute of Certified Public Accountants, who have been saying that American accounting standards will converge with international standards "soon" since literally 1930
I honestly think this is a strawman while the rate of deaths is continuing to increase at rates never before seen - yes, vaccines are on the way, yes we will be out of this some time in 2021. But the only people I'm seeing who are arguing against "we will never be back to normal" seem to be arguing in bad faith, tbh. Shit is literally still accelerating and we have people who are pretending everything is sunshine and rainbows. It's not, and it won't be until some time in ~summer or fall based on the current data.
400,000 deaths was January 19. 500,000 deaths was about a week ago. Last I checked, we're at about 515,000. Don't call me a doomer for reporting on the facts.
I think this line of argument is extremely counterproductive.
It still blows my mind that American police are allowed to use shit to break up a bunch of hippie grandmas protesting the Iraq war, that would be a war crime under the Geneva Convention if they had used it in Iraq
Well for one, a lot of his more problematic stuff is from over a decade ago. (Yes, this is going to be a Stanhope apologia post.) As painful as it is, I think we have to recognize that things like transphobia and casual, "comedic" bigotry was very mainstream until recently. It just was, and I believe he's changed.
I think it's important to know that his long term partner suffers from severe mental illness and has had several suicide attempts and things of that nature. He's seen these things firsthand and I believe that has changed his views on a lot of things. Is he crude? Absolutely. Does he make jokes some would find tasteless? Sure. But if you look a little deeper, and if you listen to his podcast since that's been his main form of artistic output for years now even before the pandemic, you'll find a deeply empathetic man who is really trying to cope and tell the stories of people, including himself, who just don't quite fit in to mainstream society. He hangs out with way too many interesting people for me to say he's some kind of bitter bigot. Some of the most caring people I know talk the way he does, and they've been beaten down by society as much as anybody.
As far as politics, I think he's mostly a cynic. The little he does talk about economics, he does hit the points that we can all agree with, even if he never proposes a solution. And he really, really believes in personal freedom, which is more than we can say for a lot of people. I think he has the right ideas but mostly just stays out of politics because it's too depressing.
At least for myself, and a lot of the people I know, he's one of us. We're mad, we might be kind of dumb sometimes, and we might say some inappropriate shit. But I absolutely believe that he's a decent and caring person who does, from time to time, try to enlighten people as to the fucked up shit going on in our society.
Is the idea of giving all the GME hooligans two grand like actually scary to capital?
No
People fundamentally misunderstand the short squeeze that (mostly) happened and was crushed by all the market fuckery with being unable to buy, forced closing positions, etc. Reddit did not will a meme into a $50 billion market move, they are not going to be able to do it again, that's just not how it happened. A handful of very very smart people identified the perfect conditions for this to happen and everyone else jumped in. The most recent, famous example was Volkswagen back in 07, I believe it was. These things happen from time to time.
I think capital is probably more scared about the fact, I wish I had the number on hand here but it's 2am and I read that something like 70% of all dollars printed have been in the last 4 years between the absolutely ridiculous QE, fed directly propping up the stock market for the first time ever, buying more bonds than ever, stimulus, PPP, airline bailouts, etc... Both for reasons like "muh inflation" and the fact that the government is literally running out of juice to keep the "economy" (which, as much as we don't like to admit it, finance is a ridiculous portion of our economy) afloat. Like, rates are about as low as they can get and MMT only works when you invest it in things that later raise revenue, inflation is an actual thing if you just print money forever and don't really get much back in return. All this effort has been just to try to keep the train on the rails, and it's been shaky at best.
It is going to be very very painful when the government can't keep this up anymore, the economy goes into recession if not major depression, tax revenue drops significantly AND the bill comes due for all the debt and printing we've been doing over recent years.
edit: the vast majority of the finance industry, including hedge funds, brokers, and everyone else would be absolutely thrilled if a huge number of people put their $2000 into the market, it would make them ridiculous amounts of money and basically be (even more) government buying of stocks by proxy - this is why 100% of the financial media has been pushing the idea so hard
Texas literally has its own power grid to accord triggering the commerce clause and FEDERAL GOVERNMENT OVERREACH so you don't even need communism to fix this problem, you just need Texas to be run by less stupid people
They're not legit they're just bought with stolen credit cards and my understanding is they can be deactivated later, because, you know, stolen credit cards
Kayla Rolland was killed by a six-year-old male first grader at Buell Elementary School in the Beecher Community School District, located in Mount Morris Township, Michigan near Flint. His father, Dedric Owens, was in jail for violating his parole, having previously been convicted for possession of cocaine with intent to deliver and burglary. The boy had been living with his mother, Tamarla, and his eight-year-old brother. She was evicted from her home, having been unable to pay rent with the $175 weekly wage she received from the two jobs she worked under Michigan's welfare-to-work program, and both boys then shared a single sofa as a bed at their uncle's house. The home, where his uncle lived with a 19-year-old man, was a crack house where guns were frequently traded for drugs. At some point, the child found a loaded Davis Industries P-32 .32-caliber handgun under some blankets.
Try this on for size https://monthlyreview.org/2001/04/01/neoliberalism-from-reagan-to-clinton/
Completely gutted the last vestiges of the welfare state from the New Deal, "welfare to work" programs, economic policies directly responsible for the housing bubble that still continue today, austerity in the name of bipartisanship, "don't ask don't tell", and the "defense of marriage act" is a pretty good top level list
The Personal Responsibility and Work Opportunity Act 🤮 was a cornerstone of the Republican Party's "Contract with America," and also fulfilled Clinton's campaign promise to "end welfare as we know it."
I am absolutely 1000% not engrained enough in Dave Anthony ideology to have an argument on this one way or the other but I have listened to like 4 episodes of the dollop and he literally calls himself a leftist in, without using the term, some kind of Marxist sense
On the whole, buying options is a losing proposition. Options were literally designed as insurance against unfavorable moves. What happens with insurance companies? They usually make a whole fuckload of money. It's those long tail, black swan events that wipe them out.
Wait until you folks hear about the American Institute of Certified Public Accountants, who have been saying that American accounting standards will converge with international standards "soon" since literally 1930
Yes this is my niche complaint and yes I am mad