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Joined 1 year ago
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Cake day: June 14th, 2023

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  • No. In the US at least, wages are up for blue collar work, and that’s where the economy was most vulnerable. Inflation has been bad but it’s coming back under control and wages can outpace it in the next couple years, median wage growth already has (yes I have a hard time believing this too, but that’s the numbers).

    The last financial crisis had a flagrant cause in default-prone loans. There isn’t such a problem right now.

    The largest crisis we are running into is a crisis of propaganda, where people are being told “everything is terrible” when in fact the numbers show that everything is pretty great… except for white collar tech workers (me!).

    I think the tech market will rebound the second that the fed lowers rates again, because tech is fundamentally capital intensive and speculative. So you need cheap money to fuel tech. Video games deflated/corrected a bit but that’s fine, those people can work on other things.


















  • People are posting all kinds of ridiculous solutions that they know are impossible. Legalize drugs. Use less drugs. The cartels run more than just drugs! They run fucking avocados!! And electronics!! They have diversified. Never mind that it’s politically impossible to do anything like that. It can’t happen.

    Invading Mexico and shooting the cartels CAN happen. It gives money to the defense industry, which itself is enough reason that it could happen. It’s probably even in the USA’s best interest to try and de-corrupt Mexico (never mind that this would be a bloody mess with huge loss of life). My point isn’t that it’s a good idea, it’s that it’s a solution that could actually happen in real life.