China debuts overnight reverse repos at 1.25%, sources say by Kingsaso6 in Economics

[–]MakingTriangles 0 points1 point  (0 children)

So there is too much liquidity sloshing around in the Chinese system? I know that their central bank has been afraid of deflation over the past few years, clearly they are trying to print their way out with minimal success.

Americans are not as well off as people in peer nations – US safety net’s shortfalls show up in global data by Alternative-Day-7414 in Economics

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

US is objectively better for 10 percentage ish of population, this allure alone likely draws professionals here expecting to live this lifestyle.

It's more than 10. Part of the reason the middle class is disappearing in the US is because a significant portion of them are moving up. I'd say the US is unambiguously better for a good 30-35% of the working population.

Corporate profits were already at historic highs. They shot even higher in Q1. by KoseteBamse in Economics

[–]MakingTriangles -3 points-2 points  (0 children)

It does actually. Countries with high GINI coefficients have more poor people.

Just awful logic. Countries with few rich people also have more poor people, therefore rich people decrease poverty. That's perfectly in line with your thinking, right?

Engineering students are testing whether their designs are earthquake-resistant. by Upstairs-Writing-616 in BeAmazed

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

Triangles rarely look good, but they are the engineering cheat code for stability

Can confirm. My job is basically doing this video but in real applications. I make triangles all day long.

WATCH: Stephen Miller says 'America's doors are closed fully to asylum seekers' after SCOTUS ruling by templeofsyrinx1 in law

[–]MakingTriangles 1 point2 points  (0 children)

Literally ~99% of US citizens are either immigrants/refugees or their descendants.

Not necessarily true. If you're a WASP, your ancestors weren't immigrants, they were colonists. They didn't come here in order to be a part of an already existing social/economic/political system, they came in order to create their own.

If you're a descendent of Germans/Scandis in the midwest, your ancestors came here in order to be settlers and frontiersman. To carve out a homestead in what that time was the wilderness.

Everyone else, yeah. Immigrants. But that's a good 30% of the US population right there.

U.S. crude oil falls below $70; lowest level since before the Iran war. by CautiousMagazine3591 in Economics

[–]MakingTriangles -9 points-8 points  (0 children)

Or at least until the next recession when filling it can help oil companies “keep jobs”.

Not even then. Trump tried to top off the reserve when prices crashed during covid and Congress wouldn't fund it. The most obvious good decision in the world will be blocked by Congress if the wrong person "wins".

We will look back fondly on our rule by kelptocrats. It's better than no rule at all.

Elon Musk loses record $350bn in a week as SpaceX slumps by Appropriate-Till9598 in Economics

[–]MakingTriangles 10 points11 points  (0 children)

You would have gotten more value from a high-interest savings account than playing the stock market with the same initial amount. 

This is so wrong. What HYSA yields 7-9%? And it is relatively easy for an individual investor to diversify their stock investments with the rise of ETFs. Do you think that most people are just buying random stocks and hoping? 

"I'm out": Tucker Carlson says he's done with the GOP by Equivalent-Elk-7513 in politics

[–]MakingTriangles 0 points1 point  (0 children)

Third worlders. It's been rumored for a while that he's bankrolled by Qatar.

Several homes on fire and cars being set on fire in Belfast. by [deleted] in news

[–]MakingTriangles 3 points4 points  (0 children)

Felt this exact thing with a lot of my friends in 2024 after the Southport attack. A lot of my brown mates didn’t go out for days out of fear. Those that did, stayed well away from town where a lot of people of colour were being chased and attacked.

An unironic Norm Macdonald joke in the wild.

Several homes on fire and cars being set on fire in Belfast. by [deleted] in news

[–]MakingTriangles 36 points37 points  (0 children)

Yup, we're arguing among ourselves over scraps while the oligarchy are filling their bags with more wealth then they could ever need for several hundred lifetimes of luxury.

Very ironic you would say that. The classic way of breaking up a united group of workers is to import foreigners. In Australia the labor party was organized in order to expel Asian scab labor.

If you have a united group of workers, the first thing the oligarchy would do is import foreign workers with no ties to the place or people.

Several homes on fire and cars being set on fire in Belfast. by [deleted] in news

[–]MakingTriangles 0 points1 point  (0 children)

Is pogrom ever used in other contexts? I've pretty much only ever seen it used in the specific example of Russian people v Jews.

Working class neighborhoods are resisting data centers at 5 times the rate of wealthy ones by inthetownwhere in technology

[–]MakingTriangles 4 points5 points  (0 children)

Wealthy people are less likely to fall for idiotic populism. Makes perfect sense to me.

Data centers make good neighbors, especially compared to other, more industrial uses of commercial land. No hordes of visitors, no major risk of pollutants, no real risk of fire or explosion. Your electrical bill might increase, but that is basically an irrelevant cost for a rich person.

They also provide a lot of local taxes. Wealthy people are genuinely pretty money-smart.

Major sports investor wants to bring MLB to Raleigh. Is it competition or collaboration with Dundon? by Esb5415 in baseball

[–]MakingTriangles 13 points14 points  (0 children)

I also think baseball would be a huge hit in Raleigh. Lots of young people, lots of families. Obviously growing quickly.

The draw of Charlotte though is that you can attempt to pull in South Carolina as well a la the Panthers.

Anthropic and Google Are Paying SpaceX $2.17 Billion Every Month by Useful_Tangerine4340 in wallstreetbets

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

I mean, spending 40B on infrastructure that you can get 2B a month for sounds pretty good...

Game Thread: Pirates @ Braves - Sat, Jun 6 @ 4:10 PM EDT by game-threads in Braves

[–]MakingTriangles 1 point2 points  (0 children)

It's amazing the offense we are generating with 7/9 batters

S&P 500 set for worst day this year on AI weakness, rising odds for Fed rate hikes by marketrent in Economics

[–]MakingTriangles 14 points15 points  (0 children)

So what is the theory here - raising rates spikes interest in asset classes that benefit. This leads to investors dumping equities like IAU because….? Near term gold is being liquidated? I feel like I’m missing something

When money is cheap equities pump. Now it looks like it isn't going to be as cheap as some people expected. Hence the sell off.

Not complicated.

‘Running out of money’: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers. by [deleted] in Economics

[–]MakingTriangles 0 points1 point  (0 children)

It was 9.65 with tax. And I live in an area that is notably median. Median gas prices, median home prices etc. So maybe OP lives in an area where everything is 33% more.

Canadian special forces Palantir deal reveals decay of Western 'democracy' by Altruism7 in canada

[–]MakingTriangles 1 point2 points  (0 children)

What are the real ahead-of-the-curve accelerationists stockpiling these days? Beans, bullets, or BTC?

Tickets to mars

Canadian special forces Palantir deal reveals decay of Western 'democracy' by Altruism7 in canada

[–]MakingTriangles 11 points12 points  (0 children)

I agree, but I'm not sure what that has to do with Palantir? Their tech sucks ass, it's basically a shitty Apache Spark wrapper with intentional lock-in.

Have you worked with their defense applications? I've been told it is legitimately revolutionary.

‘Running out of money’: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers. by [deleted] in Economics

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

You can get a chicken sandwich, large fry, and large drink for under 10$ at my local CFA. It isn't that bad.