IridentDefender @IridentDefender

Soon to be dead Joined October 2023

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IridentDefender @IridentDefender

2 months ago

Not sure someone can confidently state this at all. Even if carriers aren't one of them there are *lots* of goods of war that need to be produced en masse in a full-scale war. China can outproduce us in missiles, drones, tanks, etc. if they turn their whole country to it.

planefag @planefag

2 months ago

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IridentDefender @IridentDefender

2 months ago

Talking about people not being “disciplined” enough to save for housing when it’s the most expensive in potentially the entire modern era and you prob bought your home in the 2010s when it was one of the cheapest times to buy cuz the FED subsidized you is really illogical

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IridentDefender @IridentDefender

2 months ago

I’ll never understand how, after repeated failures of an entirely state run and controlled economy, we still get ostensibly educated people calling for it to be tried again. It’s similar to trying to prove the earth is round to a flat-earther, it’s a faith at this point

Cassie Pritchard @hecubian_devil

2 months ago

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IridentDefender @IridentDefender

2 months ago

I always have to give huge props to rev_cap for being the most rational poster when it comes to inflation, the Fed, the massive deficits we’re running and the resulting populism from it all. Everyone else is either too partisan or too happy with their rising asset prices

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IridentDefender @IridentDefender

2 months ago

Not a fan of Trump's policy push here but didn't FDR also threaten the Supreme Court's independence to get a ruling he wanted? This isn't good but there isn't *zero* precedence of the Executive attacking the SC. The institution is not done *yet*

Basil🧡 @LinkofSunshine

2 months ago

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IridentDefender @IridentDefender

2 months ago

It’s funny to watch the pundits call each other out on this - they both think they’re right all the time! Every instance of a leftist winning proves the people want to abolish capitalism and every instance of a centrist winning means the people want moderate neoliberalism

John Ganz @lionel_trolling

2 months ago

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IridentDefender @IridentDefender

2 months ago

Clearly since Zohran called for the "the abolishment of capitalism" the people must want the state to nationalize all industries! It's insincere to pretend otherwise since Zohran has been anti-capitalist since the beginning

kang @jaycaspiankang

2 months ago

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IridentDefender @IridentDefender

2 months ago

These are the details I'm interested in - wealth tax detractors talk about capital flight, but do high exit taxes not negate that? If NYC is too local for a wealth tax, sure. But if we talk about the US as a whole then why not 50% wealth tax? Or higher?

James Medlock @jdcmedlock

2 months ago

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IridentDefender @IridentDefender

2 months ago

Wish I could get all the smart lefty rich finance/economic guys in one room and pick their brains on their preferred policies, would be insightful. A lot of their colleagues are often vehemently anti-socialist so it’s always interesting to see how they got there!

Benn Eifert 🥷🏴‍☠️ @bennpeifert

2 months ago

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IridentDefender @IridentDefender

2 months ago

While I think one can make an argument for cutting here, I’m not sure the Fed cutting short term rates here guarantees a lower 10 yr which is what’s hurting housing demand. We saw the exact opposite happen last year!

Conor Sen @conorsen

2 months ago

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IridentDefender @IridentDefender

3 months ago

If a war were to break out between a highly financialized country and highly industrialized one, what is the scenario where the industrialized one loses? There are endless commentaries about war is all about logistics and capacity to wage war - does the US have that capacity?

Mike Bird @Birdyword

3 months ago

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IridentDefender @IridentDefender

3 months ago

Genuinely curious why this would be a *guaranteed* recession when homeowners pretty much everywhere (even in the south) are still up a lot from pre-COVID lvls. Is it just because lower prices -> homebuilder layoffs -> recession?

Conor Sen @conorsen

3 months ago

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IridentDefender @IridentDefender

3 months ago

Seems like another piece of evidence for @Noahpinion to look at! Amazon expects people will do some other work but expect AI will lower their total corporate workforce in the end! That’s quite pessimistic for white collar middle class!

Derek Thompson @DKThomp

3 months ago

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IridentDefender @IridentDefender

3 months ago

Has Noah seen the rising youth/college graduate unemployment numbers yet? I’m not sure the future is as bright as he seems to think, at least for those of us who still need to work a job for financial security

Noah Smith 🐇 @Noahpinion

3 months ago

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IridentDefender @IridentDefender

3 months ago

Please please please don’t cut your starts Lennar - I would like to own a home one day

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IridentDefender @IridentDefender

3 months ago

This is painfully accurate. All the costs for a kid equate to essentially another mortgage on top of an already unaffordable housing market. Currently in the worse case scenario of having a child and didn’t get a home pre-2021. The outlook is so bleak

vo @vanillaopinions

3 months ago

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IridentDefender @IridentDefender

3 months ago

Not super familiar with how this works - is this a tax provision that largely helps landlords buy more property and prevent others from becoming homeowners?

Barrett Linburg @DallasAptGP

3 months ago

Not super familiar with how this works - is this a tax provision that largely helps landlords buy more property and prevent others from becoming homeowners?

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IridentDefender @IridentDefender

3 months ago

I think a big contributor to this phenomenon is that while lower income households are pulling back on consumption, higher income households are increasing theirs. High income households now make up 50%(!) of total consumption in the US which is a multi-decade high

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IridentDefender @IridentDefender

3 months ago

It's a bit ironic that the author seems to indicate that the male breadwinning trope is primarily inflicted on men by men but then states she divorced her first husband because of his lack of ambition. Maybe a lot of women feel the same way and male ambition = higher income!