brenden2

25 ms·

211.
by brenden2 7y ago
By definition, fiat currency is literally based on nothing. Or, more correctly, fiat currency is based on a shared collective delusion that it has 'value'.
212.
by brenden2 7y ago
I think it's too early to make any predictions.
213.
by brenden2 7y ago
Stock markets != economy Edit: I misread, thought the parent mentioned markets.
214.
by brenden2 7y ago
A lot of people comparing this to 1929, but there are a few things that are substantially different: * unprecedented scale and speed of QE and government stimulus * the Federal Reserve has stated they will provide "unlimited QE" *
215.
by brenden2 7y ago
You can't trust "the news" anymore. Everything is just clickbait doomsday nonsense every day. It's incredibly hard to separate fact from fiction, opinion from fact, and reality from fantasy.
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by brenden2 7y ago
I stand corrected.
217.
by brenden2 7y ago
It's not really an "air force" in the military sense, as these planes are unarmed and can't shoot anyone down unless the pilot carries a handgun or rifle. EDIT: Actually it looks like they do have machine guns with round
218.
by brenden2 7y ago
That's cool but it still requires compromising privacy by providing a phone number.
219.
by brenden2 7y ago
Whatever this is, it's not the ICQ from 1997.
220.
by brenden2 7y ago
I don't trust new products anymore, especially anything like a new chat app. I don't install new apps. I'm more willing to try something if they have a website that works in incognito mode and doesn't require a phone num
221.
by brenden2 7y ago
Just wait until earnings come out, then we'll probably see a correction. A lot of this is probably driven by institutional rebalancing into broad market indexes, which pulls everything up.
222.
by brenden2 7y ago
The Fed conveniently released an announcement about a new $2.3t free money program at the same time. The Fed's actions only serve to confirm what I think a lot of people already know: things are going to get really bad. It's a bit
223.
by brenden2 7y ago
8% isn't that bad considering the base rate is about 13% for anyone 85 and over (sorry, there's no data for the 80 and over group). https://www.cdc.gov/nchs/data/databriefs/db355-h.pdf Edit: just sa
224.
by brenden2 7y ago
These numbers seem much more realistic versus the previous doomsday predictions of 3%. To compare this to base rates, the age adjusted base rate for deaths in the US in 2018 was about 0.7%[0]. Depending on how you look at it, this is either
225.
by brenden2 7y ago
Everyone has complete control over what they do with their own lives. People should focus more on that, and spend less time writing long winded articles about what other people do. Worrying about what other people do is the path to insanity
226.
by brenden2 7y ago
If you think it's unfair, don't use it. As long as people keep using Apple's products and platforms, they will do what they do.
227.
by brenden2 7y ago
Many people don't realize that WhatsApp and Instagram are the same thing as Facebook. Facebook's brand is somewhat tarnished, and they want to polish it up with Instagram and WhatsApp (which have been less impacted by the bad pres
228.
by brenden2 7y ago
What I learned in school growing up was that if I lose a bunch of money gambling at the casino with my credit card, I don't get a free bailout from the government. But maybe things have changed?
229.
by brenden2 7y ago
There's a lot of misinformation going around on the internet, and one of the ones I keep seeing over and over is the idea that the Fed is buying stocks (which it is not). The Fed's balance sheet only holds US treasuries, and a sma
230.
by brenden2 7y ago
Agreed, but my point is that the numbers from the report only include US jobs, but they ignore the fact that we have a global economy. Most consumer goods are produced outside the US, and the US also imports a lot of its food (from Mexico,
231.
by brenden2 7y ago
Let's hope it never comes to that.
232.
by brenden2 7y ago
It's naive to think the whole world can just "work from home" indefinitely. Everything's interconnected, and the vast majority of jobs are still jobs that can't be done without humans labouring in meatspace. If you
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by brenden2 7y ago
Keep in mind that those "work from home" jobs depend on people in China labouring away to produce your cheap computer hardware.
234.
by brenden2 7y ago
Is there any real evidence that masks provide any value for healthy people (excluding health care workers)? All I've seen are anecdotes from internet armchair experts.
235.
by brenden2 7y ago
What about people who aren't women or children? They don't deserve help? Have we collectively decided to just let them rot?
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by brenden2 7y ago
Or if you just don't like your roommate, but can't afford to live on your own or move out.
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by brenden2 7y ago
Private profits, public risk.
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by brenden2 7y ago
Surprised, no. But if you listen to the talking heads on the TV they will tell you a different story about how great this is for everyone.
239.
by brenden2 7y ago
Unfortunately there's little visibility into this, so we can raise our pitch forks and go after companies with angry mobs, but at the end of the day we don't really know what's going on inside every company. The law makers ar
240.
by brenden2 7y ago
What I've been hearing on the internet is that companies are racing to lay off as many people as they need to now, before applying for their free bailout money from the government. It also sounds like businesses are trying to lay off m

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