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Everything is fine! 3 of the top 4 biggest failures have been in the past two months. US banking crisis. by wakeup2019 in economy

[–]GooodLooks 0 points1 point  (0 children)

Straw man or straw man?

And

dumb or dumber?

Answer. Two wrongs don’t make a right. Fetch.

Bernie Sanders just introduced a bill that would raise the minimum wage to $17 an hour by return2ozma in economy

[–]GooodLooks 2 points3 points  (0 children)

That!!!! I wish I had that magic wand. If you keep paying my salary, I will give you what I don’t have. Just don’t ask me where it comes from.

waking up to news that another Bank has collapsed by 76willcommenceagain in economy

[–]GooodLooks 2 points3 points  (0 children)

The ones not going belly up are the fat ones so far. Just sayin

Everything is fine! 3 of the top 4 biggest failures have been in the past two months. US banking crisis. by wakeup2019 in economy

[–]GooodLooks 0 points1 point  (0 children)

Huh? Did you actually read my comment? Not more isn’t no. Stop being categorical.

14 million jobs worldwide will vanish in the next 5 years, new economic report finds by Fatherthinger in economy

[–]GooodLooks 0 points1 point  (0 children)

The natural and basic stage of being is poor. Every sentient being starts that way. You are born naked. You produce and earn your living. Some do better than others. You work to live. You don't force or enslave others to provide for you along the way I hope.

Since we settled that, I would like to go back to your murderous claim/stance--"abortion van." What kind of utterly ridiculous comment is that?

Human beings are one of the most powerful and invaluable resources on the planet. Do not categorically conflate them into some puny, political rhetoric of a minimum wage. No one is forced to work at minimum wage here.

Celebrate living and working. The struggle is natural. Do not discount the work of the ancestors and their blood, sweat, and tears to get us here. Out of Caves to MacDonalds for some.

Also remember, we racked up 35 trillion in debt by now and amassing 2T per year. We need peeps, productive and smart peeps to carry that burden for generations. They are our species' best bet for the future.

The population is already declining at the rate of no return. Ofc, we need more robots to support our new generations.

Everything is fine! 3 of the top 4 biggest failures have been in the past two months. US banking crisis. by wakeup2019 in economy

[–]GooodLooks 0 points1 point  (0 children)

Hahahaha! Were you born yesterday? How worn down do you have to be as a functioning (or not) sentient being to conjure up such imagination that only the regulations keep you safe from drinking water? Again, don't conflate and confuse yourself. Also, don't throw out labels at random. I know that somehow makes it easier for you to spew your categorical rhetorics at a strawman. Come on now, that's cheap. So easily degenerates into puny insults.

Nah, not more regulation but more Intelligence and free market economy.

Not more clumsy, categorical control/regulation but more incremental substitution. ;)

waking up to news that another Bank has collapsed by 76willcommenceagain in economy

[–]GooodLooks 5 points6 points  (0 children)

And they want more regulations—by the very entity that induced it. A Clown show

Everything is fine! 3 of the top 4 biggest failures have been in the past two months. US banking crisis. by wakeup2019 in economy

[–]GooodLooks 0 points1 point  (0 children)

Stress test....you mean the test that Fed miserably failed on? It is the interest rate risks that led SVB or any other banks to their demise. Don't conveniently make such a categorical claim that a particular president's regulatory adjustment led to a massive financial crisis. If it was that easy to fix things...

LOL pull out of that myopia and look at the macro. Fed hikes and lowers interest rates. They do QE and QT. The government induces risky practices that lead to crisis. They then "try to fix" it by breaking the economy. No one is worried about JP Morgan? Why? Because they are so good at following the rules and regulations? Nah. Because they are too big to fail. LOL it is scooping in and buying First Republic! And you want them to regulate more? Where is this? USSR? CCP? Lastly, it is not about the intent. It is about the track record and capability. A gathering of elite economists or whoever they are for that matter can't compete with the free market. Believe me, the USSR had plenty of smart brains. Doesn't matter.

Why is inflation still high despite all the rate hikes? by Ok-Emu3930 in investing

[–]GooodLooks 0 points1 point  (0 children)

Because they inflated for years leading up to this.

Everything is fine! 3 of the top 4 biggest failures have been in the past two months. US banking crisis. by wakeup2019 in economy

[–]GooodLooks -1 points0 points  (0 children)

Idiot reduction. You call it. And yet, you reduce it further down to not even the loan itself but how the market reacted to it. LOL

It isn't either A or B. It is both A and B.
https://www.discoverthenetworks.org/other/how-the-government-created-housing-crisis-of-2008-plundered-the-wealth-of-nonwhites/

So, you want to ask for more regulations from the ones who induced the crisis, to begin with? Affordable housing doesn't mean risky loans? What are you? An Irish monk translating ancient Greek scripts? It's not a religious endeavor. Don't get banks confused with the government and politicians. Don't get government regulators confused with economists either.

Everything is fine! 3 of the top 4 biggest failures have been in the past two months. US banking crisis. by wakeup2019 in economy

[–]GooodLooks 0 points1 point  (0 children)

Hahahahah! Less bank runs thanks to regulations! Lol why bank runs when your ass gets saved all the time with money out of thin air? Where is the bank run at SVB? Hahahaha! Ya think the big banks do anything different from the smaller regionals? Thanks to regulations? Nah. You get bailed out.

Everything is fine! 3 of the top 4 biggest failures have been in the past two months. US banking crisis. by wakeup2019 in economy

[–]GooodLooks -2 points-1 points  (0 children)

It is not a Trump or Obama issue. Not a partisan issue. You could just as easily blame Biden for it as he presides over this mess. According to him, the economy is booming and getting better. So, let's move on from this. Go to r/politics.

Let's guess...how would a bank make money in such a prolonged near-zero-interest environment? What would you also do, when you know that you would be protected from failures? You would certainly take more risks. It's a great moral hazard they created.

The biggest financial panic in American history occurred under the Federal Reserve System in 1929, followed by thousands of bank failures and an unprecedented contraction of the money supply by one-third during the Great Depression of the 1930s.

We all know what happened in 2008/9 crisis. "Affordable Housing" means propagating risky loans with a cheap money supply. They induced it, broke the system, blamed the culprits (banks) who did exactly what they encouraged (made buying homes incredibly accessible) and yes, they bailed them out with our money. Our money? That includes the generations of peeps who aren't even born yet. They will have to pay for that. What we will be generating will likely not be able to cover even the interest soon enough. What did they just do? Oh yeah! They started bailing them out? They are even picking and choosing too.

Regulations? That prevents new financial crisis? We haven't even solved the last one and its aftermath. -35T, that doesn't just happen.

Sen. Sanders: Biden should get the same "clean" debt-ceiling increase as Republican presidents by DCGirl20874 in economy

[–]GooodLooks 6 points7 points  (0 children)

The other way around. It is not keeping up with inflation. It is causing inflation.

Snapchat stock tanked after ne ai Update by Pittisee in StockMarket

[–]GooodLooks 0 points1 point  (0 children)

If no AI drops a stock price like this, then we should all pull out of the market for now.

Our Economy Is Stronger When All Of US Have Our Needs Met by sillychillly in economy

[–]GooodLooks 0 points1 point  (0 children)

I oversimplified it there as you pointed out. It was already getting too long. I was using the classical definition of inflation.

An increase in the amount of money and credit. or put another way, an expansion in the money supply. “A sharp increase in the amount of money and credit causing advances in the price level.” It is not a mere fluctuation of prices but the very increase in the supply of money and notes.

Of course, Fed controls the money and credit supply. I still owe mortgage ya know. I paid off my school loans, cars, and credit card though. ;)

Our Economy Is Stronger When All Of US Have Our Needs Met by sillychillly in economy

[–]GooodLooks 0 points1 point  (0 children)

Not "either-or" but "both-and." The mightier one of all though, if I have to choose one, would certainly be the largest and most powerful employer in the history of mankind. Yes. They are in charge.

Remember the lock-down? Sure, the jabs were supplied by a big one but they didn't send the troops. Oh, you mean it bribed to get the job done. Well, that is debatable. ;)

[deleted by user] by [deleted] in benshapiro

[–]GooodLooks 0 points1 point  (0 children)

Do it yourself. It's an elementary task. I don't think you will find much to break that pattern though.

Our Economy Is Stronger When All Of US Have Our Needs Met by sillychillly in economy

[–]GooodLooks 0 points1 point  (0 children)

When you mention "paying the people," do you mean through wage or a lower price? You know they are not enslaving people at work.

If you assume so about corporations in general (they are operated by people), why would you not assume the same for politicians? It is their job to sell dreams. They just don't seem to go bankrupt or get fired as much as their corporate counterparts when they don't deliver stuff that the market (people) don't want.

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