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Joined 1 year ago
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Cake day: June 23rd, 2024

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  • Just reminded me of this copypasta:

    Don’t even ask the question. The answer is yes, it’s priced in. Think Amazon will beat the next earnings? That’s already been priced in. You work at the drive thru for Mickey D’s and found out that the burgers are made of human meat? Priced in. You think insiders don’t already know that? The market is an all powerful, all encompassing being that knows the very inner workings of your subconscious before you were even born. Your very existence was priced in decades ago when the market was valuing Standard Oil’s expected future earnings based on population growth that would lead to your birth, what age you would get a car, how many times you would drive your car every week, how many times you take the bus/train, etc. Anything you can think of has already been priced in, even the things you aren’t thinking of. You have no original thoughts. Your consciousness is just an illusion, a product of the omniscent market. Free will is a myth. The market sees all, knows all and will be there from the beginning of time until the end of the universe (the market has already priced in the heat death of the universe). So please, before you make a post on wsb asking whether AAPL has priced in earpods 11 sales or whatever, know that it has already been priced in and don’t ask such a dumb fucking question again.


  • Also a lot of these jobs aren’t what you’d previously think of, which contributed to the miscalculation in the first place. Previously, from my understanding, the BLS assumed a company would eventually hire X people, based on previous averages. However, a lot of new companies are just self-employed gig-economy workers who won’t hire.

    Anyhow, I’m European, so my insight into that market is somewhat limited. But the signs are there: more consumers defaulting on debt, resulting in stuff like car repos… It’s no coincidence BNPL for small purchases is booming. And with it, so are defaults on them.

    This is why I’m so surprised European leaders are so keen on keeping tariffs low, I expect US sales to plummet significantly, especially for goods from Europe as these are typically either essential anyways, or optional and even without tariffs expensive enough to not be purchased during recession. I mean yeah it’s not black and white but you get the point.

    The US is in a position that can’t be fixed by monetary policy, lower rates and you create jobs (though in my opinion, most of that money vanishes into speculation nowadays), but then inflation goes up, which continues to be an issue; or do the opposite with opposite effects (jobs go down, inflation slows). I think the latter combined with social programs to soften the blow would be the way to go, but the US has voted for bootstraps instead of helping anyone but the richest.

    I suspect this will be worse than 2008, again with a lot of sub prime debt that has been accrued and can no longer be repaid. Just this time, all the substance is gone.








  • Laser@feddit.orgtolinuxmemes@lemmy.worldAn awkward realization
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    1 month ago

    People are hating on Powershell way too much. I don’t like its syntax really but it has a messy better approach to handling data in the terminal. We have nu and elvish nowadays but MS was really early with the concept and I think they learned from the shortcomings of POSIX compatible shells.