Joe Biden defeats Trump to win US election

[Unhappy438]

i meant that the impact on performance - the fed vs markets themselves - was negligible. the genie's been out of the box for some time now.

edited: for clarity

The impact from the Fed on the markets comes from the low interest rates.

Read a book called the great demographic reversal, its rather interesting and i think greater Fed influence could be back on the menu in the near term future.

 

[NarrowBandFtw]

Curious about this. If USA prints more (or UK/Eurozone for that matter), it is substantially different than any other currencies, isn't it? I mean USA/UK/Euro won't be impacted as adversely if their own printing press goes wild ?

The US dollar being the world's reserve currency gives USA more leeway to print and effectively export their inflation across the globe. Which is why UK/EU etc have been printing like mad as well, they don't want the system to become unstable.

 

[daelm]

The impact from the Fed on the markets comes from the low interest rates.

Read a book called the great demographic reversal, its rather interesting and i think greater Fed influence could be back on the menu in the near term future.

agreed. i think we may be talking about different things. maybe a different thread.

 

[Cray]

something like the government deciding what wage a company is allowed to pay would be right up there, as you say it is not some absolute, it's a spectrum and history teaches us it is usually a progressive slide from freedom to authoritarianism before being corrected by revolution again


It can literally put low margin, low skill employment, businesses under. Taking your livelihood away completely (for the owner whose business is now gone and the employees who are now unemployed and unemployable) is quite a serious assault on their freedom.

It would help if it didn't come straight out of the Marxist bible as well actually.

You know they already have a minimum wage right? Last I check there was a marked absence of a hammer and sickle on the star-spangled banner...

 

[daelm]

something like the government deciding what wage a company is allowed to pay would be right up there,

you don't think that deciding who can come and go in the country qualifies? (immigration)

or is that allowed because it's in the population's interest?

 

[NarrowBandFtw]

You know they already have a minimum wage right? Last I check there was a marked absence of a hammer and sickle on the star-spangled banner...

I know, and increasing the amount is another step towards communism rather than away from it.

 

[NarrowBandFtw]

you don't think that deciding who can come and go in the country qualifies? (immigration)

or is that allowed because it's in the population's interest?

you've answered your own question

 

[greg0205]

Stand back and stand by.

https://twitter.com/i/web/status/1351074303211614208

 

[Unhappy438]

Curious about this. If USA prints more (or UK/Eurozone for that matter), it is substantially different than any other currencies, isn't it? I mean USA/UK/Euro won't be impacted as adversely if their own printing press goes wild ?

You mean from an inflation pov? Negligible if any, places in Europe are currently struggling with deflation. The problem is the debt it causes.

 

[daelm]

you've answered your own question

cool. and if the population decides that a minimum wage is in the population's interests?

 

[NarrowBandFtw]

cool. and if the population decides that a minimum wage is in the population's interests?

then they would be wrong, and they will deserve what's coming years later

do you think proper communist regimes didn't have majority vote too at some point? ...

 

[STS]

then they would be wrong, and they will deserve what's coming years later

do you think proper communist regimes didn't have majority vote too at some point? ...

How do you distinguish between what is good democracy and bad democracy?

 

[konfab]

You mean from an inflation pov? Negligible if any, places in Europe are currently struggling with deflation. The problem is the debt it causes.

That is because the government measures for inflation only look at the places where the money doesn't end up.




Look at the weighting:


It is far too heavily weighted towards consumables.

It also doesn't take into account stock prices, which is where most of the money ends up.

 

[cerebus]

then they would be wrong, and they will deserve what's coming years later

do you think proper communist regimes didn't have majority vote too at some point? ...

Mmmmm the guy who wanted to overthrow the democratic vote via martial law is lecturing us on what's un-American now?

 

[konfab]

you don't think that deciding who can come and go in the country qualifies? (immigration)

or is that allowed because it's in the population's interest?

The problem isn't people coming and going. The problem is the welfare that people expect.

You limit welfare to state government level rather than to federal level, then immigration ceases to become an issue. People who come to the country and want to work hard will go to God's chosen state: the Holy land of Texas, whilst the ones who just want to sponge off other people's money can go to Commiefornia and get some of that delicious money from big tech.

 

[DreamKing]

then they would be wrong, and they will deserve what's coming years later

do you think proper communist regimes didn't have majority vote too at some point? ...

I have no sympathy with those idiots voted for dems. (same as anc supporters) They love minimum wage, they love to pay more taxes, they love more regulations, they love illegal immigrants. let them have all. Who fxxxing cares?

 

[Unhappy438]

It also doesn't take into account stock prices, which is where most of the money ends up.

I agree overall but it wont and shouldn't take into account stock prices. The fact that most of this money is ending up in the market was pretty much my whole point of this conversation however.

 

[NarrowBandFtw]

Mmmmm the guy who wanted to overthrow the democratic vote via martial law is lecturing us on what's un-American now?

oh do please quote me a single thing I said to substantiate the K@K you just uttered

 

[surface]

I really don't get the argument against minimum living wage. If billions of dollars of tax breaks can be given to filthy rich with hardly any trickle down effect, then why not minimum living wage?

It is almost like certain people here don't like the idea of 'specific' people surviving in life. Honestly, what complete piece of human garbage these people are. And always trump supporters in this garbage. I wonder why.

 

[greg0205]

I have no sympathy with those idiots voted for dems. (same as anc supporters) They love minimum wage, they love to pay more taxes, they love more regulations, they love illegal immigrants. let them have all. Who fxxxing cares?

Denial
Anger --> You are here.
Bargaining
Depression
Acceptance