Economics Thread

I guess it’s easier to bitch about something than do something to change it is the take I get.

Not buying stock in McDs after caring how much the ceo makes.

All hat and no cattle and such.

It’s empty chatter- just like...well always.

It also doesn’t change the fact you openly mock politicians that take a stand on fiscal responsibility. But not now. Empty.
 
An insane visual representation

And we got poor person vs poor person fighting each other over $15 minimum wage etc lol

[tw]1233184797507256320[/tw]
 
Tapate50 said:
I guess it’s easier to bitch about something than do something to change it is the take I get.

Not buying stock in McDs after caring how much the ceo makes.

All hat and no cattle and such.

It’s empty chatter- just like...well always.

It also doesn’t change the fact you openly mock politicians that take a stand on fiscal responsibility. But not now. Empty.
Click to expand...

glad to see you have gotten to exorbitant CEO salaries are not " fiscally responsible"

If I drive a red car and see a blue car and say " look there is a blue car"
Does that mean I bitch about blue cars ?
whatever that means

I mock voters that vote for candidates preaching " fiscal responsibility "

by me buying stock in ACME Iron Works I get to reverse an engrained socio-economic state. All by myself
 
You see a lot of blue cars and “not dislike them” wink wink nudge nudge.

Or at least your reposted tweets do.

Who you surround yourself and all
 
57Brave said:
Interesting thread



https://twitter.com/davidfrum/status/1353388349474500609

David Frum
@davidfrum


Yoga employs more Americans than coal. But compare and contrast 1/2
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His stats are likely over simplistic. Yoga likely employs more people than coal mining but mining is only one part of the industry built on coal. Transportation, machinery production and service, coal burning plants and the industry built on them, etc.

That being said, his overall point is a good one. Our economy is no longer built on mining and manufacturing. It's a service based economy. We need to stop focusing on what's happening to the old economy and ensure we retain economic dominance in the new economy.
 
Many people can lead yoga and have another profession as well.

Not the same for folks in the coal industry I’d imagine
 
striker42 said:
This is an awesome story. They came close to destroying a high performing hedge fund yesterday. Melvin Capital had to get a $2B+ bailout from Steve Cohen. As if owning the Mets wasn't reason enough to not like the guy.
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The big question I have is how repeatable this outcome is. Can an online community consistently mess around and ruin the plans of hedge funds shorting a stock?
 
mqt said:
The big question I have is how repeatable this outcome is. Can an online community consistently mess around and ruin the plans of hedge funds shorting a stock?
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I'm going to think not. These hedge funds have ridiculous advantages. They might change their processes to guard against this in the future but the big guy will win in the long run on Wall St.
 
striker42 said:
I'm going to think not. These hedge funds have ridiculous advantages. They might change their processes to guard against this in the future but the big guy will win in the long run on Wall St.
Click to expand...

My guess is regulators will protect them by not making them disclose their shorts
 
Hedge funds are a racket for the most part.

I think it was the founder of Citadel who famously said that hedge funds are a means of redistribution from investors to fund managers.
 
I was watching cnbc today and they were crying about hedge funds getting wiped out.

This take much better

[Tw]1354530757520179200[/tw]
 
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