Economics Thread
- Thread starter sturg33
- Start date
Buying the housing and then pushing rent prices higher because there are fewer available houses to rent in the area at a lower cost. You buy enough and do this, it resets the market because the elasticity of demand for shelter is rather tight.
Happy for the State of Argentina. Let’s check in on the Argentinians:
https://apnews.com/article/argentin...tarian-milei-d288baeae4410265bdef5e244b2c8e56
Under Milei, Argentina’s energy ministry reported in June that low-income households that previously paid just 5% of the real cost of electricity have started paying a third of it while middle-income households now cover at least half following Milei’s removal of subsidies.
The government has also capped electricity consumption to qualify for subsidies, squeezing families as a cold front sweeps Argentina during the Southern Hemisphere’s winter.
Tapate50
Well-known member
The alternative was better ! Derp!
zbhargrove
Well-known member
Japanese market back up
Well that was a fun recession.
Edited to add: I’m not overly optimistic about the market overall, but it was a bit rich watching the Right pronouncing the end of days in near-unison.
And magically when Trump wins the global economy will strengthen.....
sturg33
I
I hope so. I would like to see how that happens. Cutting needless regulation, spending, and taxes? Sign me up!
Signing big beautiful spending bills to revitalize the economy? No thanks... we just lived through the failure of the IRA
acesfull86
Well-known member
https://www.wsj.com/opinion/sunpower-bankruptcy-inflation-reduction-act-subsidies-green-energy-joe-biden-kamala-harris-a8bef0c6?mod=opinion_lead_pos2
Didn’t President Biden promise his Inflation Reduction Act (IRA) would create millions of green jobs? In case he missed the news, SunPower, one of the country’s top rooftop solar installers, this week declared bankruptcy. Meantime, more companies are canceling green energy projects.
The 39-year-old SunPower is the latest solar rooftop business to fail this year. Others include Titan Solar Power and Sunworks. SunPower cited a “severe liquidity crisis caused by a sharp decline in demand in the solar market and SunPower’s inability to obtain new capital.” The IRA boosted solar subsidies, so why has demand fallen?
One reason is higher interest rates have made rooftop panel leasing less attractive to customers. Some states like California have scaled back programs that pay customers to send solar power they don’t use to the grid. Such subsidies raise the cost of power for people who don’t have panels. In California the grid is often overloaded with solar power.
The cost of panels has also increased amid overall inflation and President Biden’s tariffs, which were backed by domestic manufacturers and Democrats in Congress. Solar installers warned the tariffs would hurt their industry, and they have. Jobs that Mr. Biden’s subsidies giveth, his tariffs and inflation taketh.
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My shocked face
Didn’t President Biden promise his Inflation Reduction Act (IRA) would create millions of green jobs? In case he missed the news, SunPower, one of the country’s top rooftop solar installers, this week declared bankruptcy. Meantime, more companies are canceling green energy projects.
The 39-year-old SunPower is the latest solar rooftop business to fail this year. Others include Titan Solar Power and Sunworks. SunPower cited a “severe liquidity crisis caused by a sharp decline in demand in the solar market and SunPower’s inability to obtain new capital.” The IRA boosted solar subsidies, so why has demand fallen?
One reason is higher interest rates have made rooftop panel leasing less attractive to customers. Some states like California have scaled back programs that pay customers to send solar power they don’t use to the grid. Such subsidies raise the cost of power for people who don’t have panels. In California the grid is often overloaded with solar power.
The cost of panels has also increased amid overall inflation and President Biden’s tariffs, which were backed by domestic manufacturers and Democrats in Congress. Solar installers warned the tariffs would hurt their industry, and they have. Jobs that Mr. Biden’s subsidies giveth, his tariffs and inflation taketh.
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My shocked face
Got to make sure the ccp gets the money for solar panels
Great policy from aces as usual! Increased costs from artificially deflated baselines will always happen but if you have tunnel vision and this is all you care about then I understand why you come to the conclusions you do.
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acesfull86
Well-known member
Supporting Biden's Inflation Reduction Act to create millions of green jobs ...great policy from MAGA as usual!
You referred to two different things and it’s clear I was referring to the tariff piece. You know that.
acesfull86
Well-known member
Just reciprocating your generosity
Your position on tariffs is well noted.
My position in the green new deal is also well noted.
You come to whatever conclusion you want. If all you care about are artificially deflated costs then nothing will change.
zitothebrave
Connoisseur of Minors
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