IlliniHQ 2
General Category => The Deuce => Topic started by: Custard on January 20, 2024, 05:34:49 AM
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Covid thread got off topic and the WEF is happening so what better time to start a new thread?
https://x.com/aphysicist/status/1747868626948907325?s=20 (https://x.com/aphysicist/status/1747868626948907325?s=20)
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Stocks at their highest, consumer sentiment is up, inflation is lowering, Trump is about to get a Rudy Sized Defamation Judgment against him. Way to go Sleepy Joe! Too bad the election is not tomorrow.
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Gas 20 cents higher at the Champaign Costco than it was just last Sunday. Sleepy Joe sucks!
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https://x.com/aphysicist/status/1747868626948907325?s=20 (https://x.com/aphysicist/status/1747868626948907325?s=20)
That probably all sounds fine and dandy in theory. In the real world, there are no examples where and when laissez faire capitalism/ social darwinism / libertarianism has actually produced desirable results.
Social Democracies have issues, but that is the best system we have come up with.
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That probably all sounds fine and dandy in theory. In the real world, there are no examples where and when laissez faire capitalism/ social darwinism / libertarianism has actually produced desirable results.
Social Democracies have issues, but that is the best system we have come up with.
I believe you mean homogeneous white social democracies. Everything else is a disaster.
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I believe you mean homogeneous white social democracies. Everything else is a disaster.
Can't have any lazy black people. /s
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Like developing The COVID!
I was thinking more along the lines of the tva, interstate highways, the Internet, funding medical research ...
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I was thinking more along the lines of the tva, interstate highways, the Internet, funding medical research ...
I knew you were not thinking of The COVID.
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I knew you were not thinking of The COVID.
I knew you knew that and know you know I knew you knew that.
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Gas 20 cents higher at the Champaign Costco than it was just last Sunday. Sleepy Joe sucks!
Be a patriot and protest the gas tax by not buying gas!
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Be a patriot and protest the gas tax by not buying gas!
I was going to dump it in a nearby lake while dressed as Chief Illinkwek, but didn't want to pollute the lake.
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I was going to dump it in a nearby lake while dressed as Chief Illinkwek, but didn't want to pollute the lake.
Now we know you aren't a patriot.
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Thread title sounds like a Rush album.
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Thread title sounds like a Rush album.
Good one, Tempo. I laughed.
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In the high school halls...
In the shopping malls...
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In the high school halls...
In the shopping malls...
Be cool or be cast out
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Watched “I Love You Man” the other night for the first time in a long while. Good stuff.
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https://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html
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https://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html
"It may be booming, but a recession could be right around the corner, you just never know." - NYT
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"It may be booming, but a recession could be right around the corner, you just never know." - NYT
"It may be booming, but it still hurts Biden because Democrats are in disarray." - NYT
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In the basement bars...
In the backs of cars...
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In the basement bars...
In the backs of cars...
We always knew you were a Canadian mole. Probably here illegally
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We always knew you were a Canadian mole. Probably here illegally
There’s nothing wrong with that, right?!
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We always knew you were a Canadian mole. Probably here illegally
Yeah, I’m definitely Canadian. Lol
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Yeah, I’m definitely Canadian. Lol
He’s a bitch, so it’s not important what that bitch thinks…
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There’s nothing wrong with that, right?!
True. We're cool with open borders as long as it's the Northern Border
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https://www.cnbc.com/2024/01/25/gdp-q4-2023-the-us-economy-grew-at-a-3point3percent-pace-in-the-fourth-quarter.html
It's only taken 2 trillion of deficit spending to get that, nice!
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It's only taken 2 trillion of deficit spending to get that, nice!
We were told deficits don't matter though.
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Any time I’ve ever brought up deficit spending on the HQ the Democrats have always told me it’s ok
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Any time I’ve ever brought up deficit spending on the HQ the Democrats have always told me it’s ok
I take my lead from Dick Cheney on deficits and shooting friends while hunting.
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Any time I’ve ever brought up deficit spending on the HQ the Democrats have always told me it’s ok
Dick Cheney said "deficits don't matter"
but yeah... I wonder who told dick to say that :-X
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Dick Cheney said "deficits don't matter"
but yeah... I wonder who told dick to say that :-X
Probably the same people paying for Nikki Haley…
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Any time I’ve ever brought up deficit spending on the HQ the Democrats have always told me it’s ok
Obviously we need to cut more taxes on transnational corporations and uber-wealthy individuals to address the problem.
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Probably the same people paying for Nikki Haley…
Republicans?
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Republicans?
Oh boy…
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Oh boy…
If not, then her donors dont care about the threat to be blacklisted by the MAGAs.
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If not, then her donors dont care about the threat to be blacklisted by the MAGAs.
The DNC basically just threw her a big party/fundraiser at a prestigious donors house. She’s part of the political swamp/cesspool…
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The DNC basically just threw her a big party/fundraiser at a prestigious donors house. She’s part of the political swamp/cesspool…
I'm sure the DNC basically did that since Biden wants to run against Trump. DNC must be playing the same 4 D Chess that the DIA is playing with TSJ.
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I'm sure the DNC basically did that since Biden wants to run against Trump. DNC must be playing the same 4 D Chess that the DIA is playing with TSJ.
I’d be shocked if Biden is the candidate. Guy can’t even talk in complete thoughts/sentences. It appears the Democrats are positioning for Haley and wanting to back her even though she’s a “Republican.” If somehow they can get Trump off the ballot, they will back her even if Biden is the Democratic nominee.
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I’d be shocked if Biden is the candidate. Guy can’t even talk in complete thoughts/sentences. It appears the Democrats are positioning for Haley and wanting to back her even though she’s a “Republican.” If somehow they can get Trump off the ballot, they will back her even if Biden is the Democratic nominee.
Of course the Democrats want Haley - she refused national guard troops on Jan 6
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Any time I’ve ever brought up deficit spending on the HQ the Democrats have always told me it’s ok
Which ones?
btw: Bill Clinton actually ran a surplus. Obama inherited the Great Recession. Biden inherited the Pandemic.
Trump blew up the deficit before the pandemic.
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I’d be shocked if Biden is the candidate. Guy can’t even talk in complete thoughts/sentences. It appears the Democrats are positioning for Haley and wanting to back her even though she’s a “Republican.” If somehow they can get Trump off the ballot, they will back her even if Biden is the Democratic nominee.
Oh crap! The secret plan has been revealed.
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Oh crap! The secret plan has been revealed.
Yeah, not much of a secret.
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Judge Judy is on to us, Alum!
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I’d be shocked if Biden is the candidate. Guy can’t even talk in complete thoughts/sentences. “
(https://i.ibb.co/WyWXNZ9/Screenshot-20240110-235329-2.png) (https://ibb.co/VSWG0Ry)
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Whatabout
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Whatabout
That is valid when you're being inconsistent. You want an articulate President, Trump is not an option.
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Did JJ say he wants Trump to be president? I may have missed it.
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That is valid when you're being inconsistent. You want an articulate President, Trump is not an option.
What Custard said. Did I miss something, or is your TDS kicking in?!
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Right now, there are two leading candidates likely to be on the ballot. One stutters, the other is incoherent.
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Right now, there are two leading candidates likely to be on the ballot. One stutters, the other is incoherent.
LOL
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It's only taken 2 trillion of deficit spending to get that, nice!
We have a guest speaker on our morning leadership call for work…he’s an economist and for some reason he thinks deficit spending and real inflation numbers are related and are actually an issue; he made it abundantly clear that it’s not a politics debate and that element needs to be set aside to have a reasonable discussion.
I still think one of my all time favorite HQ2 takes is that printing trillions of dollars and pumping them into the economy didn’t cause any inflation.
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We have a guest speaker on our morning leadership call for work…he’s an economist and for some reason he thinks deficit spending and real inflation numbers are related and are actually an issue; he made it abundantly clear that it’s not a politics debate and that element needs to be set aside to have a reasonable discussion.
I still think one of my all time favorite HQ2 takes is that printing trillions of dollars and pumping them into the economy didn’t cause any inflation.
InFlaTiON wAS TrANsITorY
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We have a guest speaker on our morning leadership call for work…he’s an economist and for some reason he thinks deficit spending and real inflation numbers are related and are actually an issue; he made it abundantly clear that it’s not a politics debate and that element needs to be set aside to have a reasonable discussion.
I still think one of my all time favorite HQ2 takes is that printing trillions of dollars and pumping them into the economy didn’t cause any inflation.
Did those dollars get pumped into the economy? Musk, Bezos, Gates, et all have had a net increase in wealth of many many billions. What are they spending it on that is increasing prices? The stock market keeps going up - that means people are HODLing their stocks, not selling it and spending on vacations. If someone got a COVID check but that just replaced wages they would have otherwise gotten, that isn't a net increase of money into the economy - but whatever goods or services they otherwise would have produced didn't get produced and are now scarcer.
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Yes, those rich tech guys that sell goods and services to the people and businesses who received the newly printed money did disproportionately benefit from printing the money.
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Yes, those rich tech guys that sell goods and services to the people and businesses who received the newly printed money did disproportionately benefit from printing the money.
does that cause egg prices to go up 2 bucks a dozen?
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Avian flu + somewhat increased demand does that.
Demand for all goods and services rose after the pandemic, obviously, as a great many families had been paid a large chunk of money by the government and didn’t have as many places to spend it prior. Plus their desire to get out and do something.
For obvious reasons, software, tech, and delivery services did really well during the lockdowns.
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Avian flu + somewhat increased demand does that.
Demand for all goods and services rose after the pandemic, obviously, as a great many families had been paid a large chunk of money by the government and didn’t have as many places to spend it prior. Plus their desire to get out and do something.
For obvious reasons, software, tech, and delivery services did really well during the lockdowns.
So people started eating more eggs?
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I’ve covered this multiple times
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I’ve covered this multiple times
So has Murph...
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Sleepy Joe has US at number 1 - suck it OPEC fucks!
https://finance.yahoo.com/news/chart-day-us-crude-oil-044740808.html
https://www.nasdaq.com/articles/column-rising-us-oil-production-frustrates-opec-cuts:-kemp
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So has Murph...
I know it’s a symbolic thing he’s doing, but egg consumption per capita peaked in 2019, fell off during the pandemic, then rose steadily as we came out of it.
Demand for eggs grew in 2023 despite record high prices during a good chunk of the year.
Hotels, resorts, cruise ships, restaurants go through a LOT of eggs.
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I’ve covered this multiple times
Yet you still don't understand inelastic demand. I mean, I'm an engineer but I did take Econ 101 with Gottheil. He explained it pretty well - guess you were sleeping in instead of at Foellinger.
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I know it’s a symbolic thing he’s doing, but egg consumption per capita peaked in 2019, fell off during the pandemic, then rose steadily as we came out of it.
Demand for eggs grew in 2023 despite record high prices during a good chunk of the year.
Hotels, resorts, cruise ships, restaurants go through a LOT of eggs.
That consumption fall was *because of a reduction in supply* - not because of demand. It doesn't matter how much money you have - you can't eat eggs that don't exist. Starts to feel like you are of the same ilk as these bitcoin dopes - if we all buy bitcoin we'll all be rich, and we can all retire and take vacations to Hawaii - neglecting the fact that all the pilots and airport workers and hotel workers have retired as well.
When the avian flu cratered production *depite* the inelastic demand, that curve had to break and prices went up. Flocks have been rebuilt and prices are dropping rapidly. So yes, we are eating more eggs now (despite my joke and despite inelastic demand) simply because there are more eggs in existence. Producers cannot hold prices up because they had risen to the point where some people were simply forced to make substitutions - but given there is demand at a lower price point that is still profitable, producers are filling the void now that the flu has abated.
I eat eggs at restaurants. This may shock you but I also eat eggs at home.
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That consumption fall was *because of a reduction in supply* - not because of demand. It doesn't matter how much money you have - you can't eat eggs that don't exist. Starts to feel like you are of the same ilk as these bitcoin dopes - if we all buy bitcoin we'll all be rich, and we can all retire and take vacations to Hawaii - neglecting the fact that all the pilots and airport workers and hotel workers have retired as well.
When the avian flu cratered production *depite* the inelastic demand, that curve had to break and prices went up. Flocks have been rebuilt and prices are dropping rapidly. So yes, we are eating more eggs now (despite my joke and despite inelastic demand) simply because there are more eggs in existence. Producers cannot hold prices up because they had risen to the point where some people were simply forced to make substitutions - but given there is demand at a lower price point that is still profitable, producers are filling the void now that the flu has abated.
I eat eggs at restaurants. This may shock you but I also eat eggs at home.
What about green eggs and ham?
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The demand isn’t truly inelastic.
There weren’t eggs in the spring of 2020 because people were panic buying. Prices spiked because producers couldn’t keep up.
https://www.axios.com/2020/03/28/retail-egg-shortage-coronavirus
In April of that year the FDA issued guidance to egg producers that eased restrictions on selling to end markets to combat the shortage at retail.
https://www.fda.gov/media/136732/download#:~:text=According%20to%20the%20egg%20industry,in%20the%20table%20egg%20market
Demand eventually cratered because the panic subsided and schools and cruise ships and hotels and resorts weren’t burning through them (and throwing 1/3 of them away) like usual. People waste far less food preparing it at home.
Historically speaking, a *lot* fewer eggs were consumed in the US in 2020, and Avian flu didn’t happen until last year. Despite that, more eggs were consumed in 2023 than 2020.
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Eggs are a shitty example anyways.
Beef and home prices more indicative of what people can cash flow.
Eggs and pork and chicken are still dirt cheap. Beef is high and has been high because people will pay up for it. Supply is tight, but demand has been high.
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Custard now trusting Axios and The FDA....good thing Judge Judy is under anesthesia right now.
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It’s part of being outed as a champagne liberal. Or is it Champaign?
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Fed studies have shown little or no link between deficits and inflation.
The post pandemic inflation was most certainly largely a transitory supply driven issue.
Part of was wage inflation. People getting 18 bucks an hour to do unskilled labor has an impact that isn't going away.
There is a strange notion that the supply demand curve affects money; that printing more of it decreases its value; the way increasing oil production reduces the price.
Yes, it can increase demand, but the alternative is always worse. We don't use QE in the midst of robust economic growth.
The only reason to whine about post pandemic inflation is to blame Biden. The small amount of inflation attributable to stimuli was far better than serious deflation.
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I eat eggs at restaurants. This may shock you but I also eat eggs at home.
You're going to need statins.
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What about green eggs and ham?
I needed that.
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You're going to need statins.
My bloodwork is pretty much perfect. I don't eat any form of added sugar, that pretty much will do it.
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The “science” on dietary cholesterol has changed dramatically since the 80s
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The “science” on dietary cholesterol has changed dramatically since the 80s
Yes and no. Might be enough to stay away from trans fat. Still, a diet high in ldl is not recommended.