Nice try, monobot glares suspiciously
/r/politics and /r/worldnews are beyond terrible. Just constant propaganda and astro turfing, bots, and just generally brainwashed idiots who take an editorialized headline as fact, and then race to the comments to make a shitty non-constructive joke. And God forbid you try to bring up evidence to counter their arguments, you'll get downvoted to hell if not banned. It really started to become noticable around 2016 after Bernie lost the primaries, and it's only gotten exponentially worse since then.
More is not better. Also if you think Facebook, Meta or the zuck are good people, you haven't been paying attention.
Jerboa is FOSS? You can make pull requests on the repo here: https://github.com/dessalines/jerboa
I feel like the pause on rate hikes is to just avoid spooking the market aka investors. Anyone who works in the industry can tell you investors stomp their feet and cry whenever they don't get what they want, and what they want is antithetical to the health of the market, so the Fed has to try and increase rates at a pace that doesn't cause a complete spook/revolt from the investors. But the market is so leveraged I fear 5% may still not be adequate, and we'll need to be at these rates and higher for a much longer time than the investor class wants to tolerate. Inflation won't go down until there is some semblance of wealth redistribution from the large capital holders to normal market actors imo.
What's also crazy is despite rates going up, housing prices aren't going down, they're still going up. There is so much capital accumulated by the few, that even if the market dictates unfavorable deals for the common man, the massive capital holders honestly couldn't give a shit cause they can just buy everything up anyways. We're already reaching record levels of apartments/condos/SFH being owned by large corporate holdings and just renting them out.
With all the money pumped into the market because of COVID, I really don't know how the Fed can get itself out of this situation without seeing a severe economic crash. It's just a matter of if they will continue to put the economy on life support for an even bigger fall, or just let it happen whenever it comes.
Can't wait for the neolib astroturfing to make it's way here too
The ability to swipe away posts, or collapse out all the 'read' posts was awesome for browsing
Yep, think of the math like this:
1000 users that we can get $1 of profit from totalling $1000 profit
Or 500 users we can get $3 of profit from totalling $1500 profit.
$1500 > $1000 Therefore it's a good decision.
Welcome to the mind of corporate executives
Source: I work with these dumbasses
Relay dev said the same thing. It's like even if I wanted to use Reddit on mobile, I can't because the main app is literally unusable.
We'll probably see a lot of traffic to Lemmy by then. Hope the servers are ready to handle an influx.
I made a comment earlier that got 7 uplems. You can say I'm kind of a big deal around here.
ToastyWaffles
0 post score0 comment score
They're the type to freeze instead of fight or flight