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Joined 1 year ago
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Cake day: June 2nd, 2023

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  • 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.



  • Ukrainian soldiers are also complaining about lack of ammunition and are fielding. T-55s. While Russia has a much larger geographical and raw resource base to rely on to build new Equipment, Ukraine does not have that luxury (but does have western support). So if Putins statements about increasing production of military equipment 3x-10x are accurate projections, I can see why they still think they can keep going.



  • Not losing much if you get banned, I decided to name-drop Lemmy as well. I encourage everyone to mention it or whatever their favorite fediverse instance is.

    It’s time for social media to stop being ran by for profit corporations, it’s just inevitable for them to ruin shit for the sake of slightly increasing quarterly profits



  • ToastyWaffle@lemmy.mltoMemes@lemmy.mlRip Apollo
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    1 year ago

    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.