Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror

Comment Re: MAGA! (Score 3, Interesting) 321

I concur. The unemployment rate is about 4% and even the more padded U6 unemployment rate is below 5%
Those are normal.
Under condition when unemployment rates are normal the primary job of the federal reserve is to bring down inflation. It's not simply a good idea. It's their mandate

The fact that there are more jobseekers than jobs is also close to normal. There's always a mismatch between jobs and jobseekers.

It may well be that those jobs are demotions or involve moving etc..

So the Fed has done everthing correctly.

But now they are on toes because we have the immigrant labor leaving and hightarrufs.

While those might increase the number of jobs available it might not fund takers. And both will cause supply side inflation. Simultaneously extending the tax cuts and the debt ceiling means the high rate of pumping debt into the economy will continue.

So the Fed is in an uncharted territory . It could mean high inflation is coming. Most likely. But it could mean a recession. You love the rate in opposite directions there! Most likely is both: stagflation. Which is awful. We did the stagflation experiment in the early 70s and tried both spending into it and later raising interest rates sky high. Only the latter worked.

Fed is exactly doing the right Thing by being watchful

Comment Re: Kiss Monetary policy and the USA goodbye (Score 2) 52

I understand your knee jerk intuition about crypto currency. But very earnestly I suggest learning a bit about monetary policy. It's indispensable. And after that you may want to read about bretton woods and how banks in different countries actually can trade money to each other. The US treasury and its impact on monetary policy enables this. It's not just a methodology in the sense that bitcoin is a method for moving money. Monetary policy is how countries can perform the miracle of Keynesian economics to regenerate Growth in a downturn. That cannot ever be done ever without fiat currency and a central bank. Period. This was. Why for example Germany plunged in to pre-hitler ruin after world war 1. There was no way to climb out of turned down economy when you had no gold reserves (France took them). Germany only managed to recover when they pegged their mark to a kilo of wheat-- not a long term solution but a desperate move that mostly worked. But the economic malaise didn't end till Hitler started spending money into the economy. That was made possible by moving off the gold standard prior to Hitler.

Without monetary policy you are left with the austerity of Austrian economics which pretty much inverts the rational of monetary policy and loses all it's advantages.

Comment Re: So adjusting for (Score 0, Offtopic) 124

Despite very credible allegations, Biden was never convicted of raping raping Tara Reade. And his daughter's recollections of him inappropriately showering with her outlasted any statute of limitations. But I see where you're going, there. The rest is a good fit, right down to the weaponized government, for sure. The plot twist is that the real kingpins are behind the scenes, using him as a puppet. It's good villain story line material fresh from real life.

Comment Re:In other news... (Score 0) 84

And, arguably, the current crisis at Tesla is because Musk is playing President rather than being "out on the factory floor".

The "current crisis" is manufactured and amplified externally. Nobody is doxxing Tesla owners with maps using Molotov cocktails as map cursors or burning lots full of vehicles in for service in some way that is a function of whether Musk is personally present on the factory floor vs doing something else he thinks is vital to our economic survival. All of it is ginned up hate based on the politics surrounding the pruning of vast left slush funds and debt-funded waste that has to go away. That's an entire industry with vested interests, and acting against it certainly brings out the coordinated hate, attacks on stock value, media smearing, and of course thousands of people who now say he's a nazi though they can't actually articulate why they think that.

No, him being "on the factory floor" or off it doesn't precipitate some "current crisis," except in the sense that entrenched interests currently having their oxen gored by drying up things like the NGO money laundering industry are doing their best to try to wreck the company to make a point.

Comment Re:"jUsT" (Score 1) 72

It cost 3.7 million. There should be no just here. Okay that's like a tenth or less than what usually is spent but still.

So the people who made it should have been earning minimum wage, is that your point? Spread that dollar amount across five and half yeads and even modest team of people and their overhead, and they're making middle five figures after taxes. Is that a lot, to you?

Comment Re:"jUsT" (Score 1) 72

Just 3.7 million. Just. lol.

It took five and a half years to make it. So, in perhaps over-simplified terms, that's ~$670k year working on it. Let's say you had six people working on the project, and had NO overhead at all beyond their personal income while making it. That's roughly $100k per person before they paid taxes, which is either pretty good or not very good at all, depending on where you live and how. But one supposes they also had some overhead. This wasn't done on their kids' laptops at night. There was music to compose, audio to record and design, and a lot more.

So, yeah. "Just" 3.7M is a fair characterization.

Comment Re:Starlink? No thanks. (Score -1, Troll) 211

Elon Musk, defacto member of a fascist government.

No, we just voted the tyrannical little statists out of office. And the people you're now laughably calling Fascists are busy exposing and tearing down the very tools that an actual Fascist government would (and did) use. Fascists don't cut off the cash supply to money-laundering NGOs that are making their pet politicians richer and more personally powerful. Fascists don't work to shut down the mechanisms by which the government can censor your social media use. Your case of projection is pretty impressive.

You know what Fascists do? They try to hide the money movement that keeps their circle of power functioning. Our little lefty statists are busy shrieking that the lead of the executive branch shouldn't be allowed to see the records showing where the executive branch has been writing checks. Gee, what would they be hiding? Their little circle of industrial-scale grift and waste and abuse is getting exposed, and they're furious about it. And here you are having their backs. Pretty ugly. Do you live off of dubious international grant kickbacks or something?

Slashdot Top Deals

The IBM purchase of ROLM gives new meaning to the term "twisted pair". -- Howard Anderson, "Yankee Group"

Working...