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That's what happens when you subsidize small scale shipping from China to the US

Doesn't that article say the issue was corrected or did I read it wrong?

Also, how the fuck does China keep getting this emerging economy bullshit? They use it everywhere and nobody questions it? They did this shit with climate change too. Weren't they very recently the second largest economy on the planet?

Leisher wrote: ↑Thu Sep 12, 2024 12:09 am Doesn't that article say the issue was corrected or did I read it wrong?

Also, how the fuck does China keep getting this emerging economy bullshit? They use it everywhere and nobody questions it? They did this shit with climate change too. Weren't they very recently the second largest economy on the planet?

It was improved.
https://www.marketplace.org/2021/03/09/ ... crambling/

The U.S. got its way and will pay less in subsidies to the Universal Postal Union. Chinese news reports indicate that the changes mean China will pay a lot more in subsidies to have its small parcels delivered abroad — a 27% increase in 2020. Between 2020 and 2025, logistical costs for exporting small parcels from China are expected to increase 164%.

So we still subsidize Chinese shipments, but less so.

We always hear about the chinese military and economical juggernaut, but every now and then someone on quora comes out of their cave and breaks down how much both of those things are actually flimsy and fictional.

TheCatt wrote: ↑Thu Sep 12, 2024 7:30 am So we still subsidize Chinese shipments, but less so.

Fuck we're stupid.

GORDON wrote: ↑Thu Sep 12, 2024 11:46 am We always hear about the chinese military and economical juggernaut, but every now and then someone on quora comes out of their cave and breaks down how much both of those things are actually flimsy and fictional.

Well, their economy was kicking ass, but has massively cooled.

Feds drop rates mean mortgage rates could fall, and that's bad because...

Journalism 101 - Good news doesn't sell. Find a story and focus on the negative.

First problem with that article: Cutting short term rates does not impact mortgage rates. Therefore the entire article has no need to exist, as it's all built on lies.

I so wish they still allowed comments on articles. I'd cut and paste yours right on there.

As I've been saying, their job isn't to report the news. It is to sell advertising/ad impressions/click-throughs.

In this case, they were successful.

I'm pretty sure this has been discussed, but I don't feel like hunting down the page where the info would be.

What is the major contributing factor for the high inflation since 2020? Provide sources if able. You are settling a bet between my sister and me.



Side note: There are multiple bets running. Also, definitive proof that we've had visitors will be incoming.

M1 money supply graph.

See if you can find anything odd around 2020.

Less noticeable in the M2, but still quite noticeable: https://fred.stlouisfed.org/series/M2SL

tldr: Government injected a ton of money into the economy, then people spent it.

Ok, now how to present this so it makes sense to her. . . . That's exactly my argument. Trillions upon trillions of free money injected into an extremely fiscally irresponsible population. Her argument 'some policy that Biden introduced and the restricted drilling'. I hate to display how 'stupid' my sister is! But she's just a victim of the times we are living in. I'm like "Drilling has been turned on and off depending on who was in charge for decades, and we never saw the massive spike we've seen. Taxes have been raised and lowered for decades, with no spike. We injected trillions of dollars, and it spiked."
"But why hasn't it gone back down?" she asks.
"Because the 1%'ers haven't filtered the money out of the system yet" I respond somewhat sarcastically. "Because the money doesn't just go away after you buy your TV from Best Buy. Best Buy then spends the money, then that person spends the money, etc. The money has been bouncing around out there for years. It will continue until it gets soaked up by the 1%, or the stock market, where it stops to sit and rot".

I was seeing a light bulb flicker here and there because she was hearing sensible information that goes against her normal echo chamber stuff. But it would be along uphill battle to actually change anything. But it was fun to talk to her for about 5 hours about politics, the media, etc. Every time she'd say something, I would bet her $1000 that it wouldn't happen. "If Harris wins, the country could end up being run just like California." "I bet $1000 dollars that it won't be". "Trump will close the borders". "I bet $1000 dollars he won't" Etc. I stand to make a LOT of money 4 years from now!

One prediction that I made, that I could lose. Ukraine falls to Russia within the first year of Trump taking office.

I think Trump will end up getting Putin and Ukraine to work out some deal where hostilities end, Russia wins something, and Ukraine wins something. Like: "Russia can keep the land to this line, but Ukraine gets NATO membership going forward."

Cakedaddy wrote: ↑Mon Nov 04, 2024 1:55 pm Ok, now how to present this so it makes sense to her. . . . That's exactly my argument.

I try to start simple with things like. "Pretend there's 1 Thing (Car, house, land, Oreo, whatever) left in the world, how much would you pay for it?" "Now, pretend you have $1 trillion dollars, how much would you pay for it?"

Like dollars have no intrinsic value. It's all relative. And when there's a lot more of them, the value falls accordingly, and therefore prices go up.

Every time she'd say something, I would bet her $1000 that it wouldn't happen. "If Harris wins, the country could end up being run just like California." "I bet $1000 dollars that it won't be". "Trump will close the borders". "I bet $1000 dollars he won't" Etc. I stand to make a LOT of money 4 years from now!

Lol

Leisher wrote: ↑Mon Nov 04, 2024 2:34 pm I think Trump will end up getting Putin and Ukraine to work out some deal where hostilities end, Russia wins something, and Ukraine wins something. Like: "Russia can keep the land to this line, but Ukraine gets NATO membership going forward."

That's what she says. "Trump will negotiate peace", but didn't go into detail about what that would look like. I don't have that much faith in him. He will just cut off support because that's what his supporters want.

Alot of this stuff should have been posted in the "crazy stuff on Facebook" thread. But I just kind of rolled into it with the original post.

I can't predict what will happen with Ukraine under Trump 2, I just observe that Putin waited for Biden before he did it.

Cakedaddy wrote: ↑Mon Nov 04, 2024 3:54 pm That's what she says. "Trump will negotiate peace", but didn't go into detail about what that would look like. I don't have that much faith in him. He will just cut off support because that's what his supporters want.

First of all, the war industry won't let that happen. Trump will end up with a shitty SS detail again...

Secondly, don't underestimate Trump's narcissism. Just cutting off support to Ukraine and letting them fall isn't going to make him look good, particularly to his enemies. He wants to come in, end the war, and then rub it in the Ds' faces. "I ended the war sleepy Joe couldn't, and it'd still be going on if lying Kamala was in this office." (I typed that in his voice.)

The war industry will buy into this if they get to help rebuild and rearm Ukraine. Putin will buy into it if he gets to save face (something we've been saying here since it began). Zelinsky won't have a choice.

538's Silver's latest predictions on the election.

Damn the garbage is really out voting.

Old rule used to be a third of McD's made money, a third broke even, and third were profitable. And they'd occasionally cut the dead weight and try somewhere else.

So this seems fine. I'm sure they're not cutting the high performing ones.