mercy_dude

15 ms·

91.
by mercy_dude 4y ago
Lol this is Newyorker. They are poster child fanboy of Bernanke-Yellen-Powell club who brought this mess on to us. This article does not bring up the key issue that we have had in last 15yrs post GFC - motivation of having endless QE. At so
92.
by mercy_dude 4y ago
> see them as equals That’s the history of the church and king much from 800AD. At its peak, the British stole 200+ trillion wealth rom India and its other colonies.
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by mercy_dude 4y ago
> little democratic incentive No, democracy is just a buzzword. Its _political_ incentive. Just look at southern border. You can go to Mexico, pay some shady smuggler gangs decent sum of money and you can enter in US in no time. Same goe
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by mercy_dude 4y ago
Because the factors driving the inflation are from supply side such as energy or supply chain mess. Recessions won’t kill demands as fast - people are still going to need gas and presumably food.
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by mercy_dude 4y ago
Fed can’t hike rates as fast as they need to bring down the inflation so it’s going to last till 2023 or beyond. If economy enters into recession, which there is a solid chance of, Fed will have to stop rate hikes and start back QE (like EC
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by mercy_dude 4y ago
The same economists who also thought inflation is transitory.
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by mercy_dude 4y ago
Because that’s how democracy is supposed to work. Ultimately democracy is not about bringing the most competent people around. It’s so peoples voice matters so when push comes to shove, we don’t become like Sri Lanka. Also I am not convince
98.
by mercy_dude 4y ago
Why is Jerome Powel and all the Fed members who said inflation is transitory last year still running the show? Oh let me guess these unelected bureaucrats and economist experts run the show without any consequences. And for that matter, if
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by mercy_dude 4y ago
So fascinating. Hajj is very tolling and expensive. I used to always complain the Saudi government does a good job in my opinion but there is still left to be desired in terms of management and accommodation conditions. But after seeing how
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by mercy_dude 4y ago
Over here in NA, there is a mythological fantasy that Europe has gotten it so right and if only we could be like Europe. Their politics, parliamentary system, equality, social safety net and all of it. The truth of the matter is, Europe is
101.
by mercy_dude 4y ago
> That toxic wart is precisely _becuase_ of Boris. What do you mean precisely because of Boris? There were referendums and UK voted to leave. It wasn’t upto him to decide, although he had led campaigns for it. But ultimately it’s the maj
102.
by mercy_dude 4y ago
Not a huge fan of him but Brits needed him to get the toxic wart that brexit brought on itself dealt with. He did a good job with the negotiation for UK. And Covid vaccination too. Credits where it’s due. I doubt Brits will have a better le
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by mercy_dude 4y ago
> The name of the current [migrant worker employment] system is kafala, a system forcing all migrants to be sponsored and subsequently tied to an employer. Isn’t that exactly like how the L1/H1B system in US work? Employer sponsorin
104.
by mercy_dude 4y ago
The real culprit isn’t porn, it is mainly the change in societal expectations and the ease of changing your baseline expectations. Our relationships have become extremely disposable. You are one Instagram DM away from moving onto the next
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by mercy_dude 4y ago
London is way safer and attractive to younger crowds (20 something olds) than the rot of homelessness, affordability (London has more affordable options than San Francisco I would argue), heavy car dependence (has always been), and overall
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by mercy_dude 4y ago
Oh even Bernie knows how he got c*@kblocked by the mainstream liberals to run for president. Would he make a better candidate and president than Joe? Yes of course, no brainer. Would he make the liberal donor class upset and they couldn’t a
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by mercy_dude 4y ago
Oh that will never happen. They first flood the zone with liquidity and then flood the zone with immigrant labor, to make both savings and labor diluted. The finance minister of Canada already announced that in the name of modern supply sid
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by mercy_dude 4y ago
This is a guy who co-wrote Clinton autobiography in the height of Epstein drama. And everyone still cheers him.
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by mercy_dude 4y ago
> America has been running large debts forever but has only become bigger and more successful post Covid, whereas other countries have become weaker relatively speaking I am not sure what metrics are you using to quantify success post co
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by mercy_dude 4y ago
> not back it up All you need to do is google. Here is one https://www.cbsnews.com/amp/news/usps-postal-service-employe...
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by mercy_dude 4y ago
Oh there are plenty of evidences. There were even before the election. There were postal officials who were destroying ballots in one state that was well reported. We just decided to look the other way.
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by mercy_dude 4y ago
Luckily, Justice Department and FBI will likely have no incentives for investigating that given how they actively positioned themselves in the political debate. So we may never find out.
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by mercy_dude 4y ago
Yeah that opening line was a giveaway. I thought Ukraine’s own defence minister says Russia now controls 20% of Ukraine as little as a few days ago. What changed?
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by mercy_dude 4y ago
After this episode, I strongly believe Fed should be ended. They have established a very poor track record on managing monetary policy and consequences and at this point basically have zero public trust. Since Greenspan Fed has been an abso
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by mercy_dude 4y ago
GQ has turned to absolute trash lately. Their low grade clickbait heavy pieces are beneath the old GQ.
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by mercy_dude 4y ago
Except US decided to influence a regime change in its rival Pakistan and install a puppet militarist. And to top that provide $12 billion aid through Saudi proxy and another 50+ millions direct aid. US foreign policy has been baffling sinc
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by mercy_dude 4y ago
OK, so it could happen if I buy now it would be worth even less due to yields go higher which seems to be the trend.
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by mercy_dude 4y ago
This goes to show how inept and inconsistent western leadership has become in terms of policies. Not so long ago, “sanctions don’t work” was the mantra of the political class and Wall Street when there was a trade war with China. And now th
119.
by mercy_dude 4y ago
> You can get 3.1% on a 10y treasury risk free right now I am a noob of how yields work and the math behind the 2.5% . I don’t buy treasury directly but through VUSTX and VUTY. I am actually DOWN, not up. At least that’s what my Schwab p
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by mercy_dude 4y ago
Can somebody explain how raising rates can do anything to what really seems like a supply side problem due to COVID and war? If demand weakening by wealth destruction is the way Fed thinks they can get away with a supply side crunch due to

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