trumponomics, 50 year debt, and a worrying desperation

trumponomics, 50 year debt, and a worrying desperation

buckle up, the news does not look great

The author's shift key seems to be broken, but otherwise it's a good article on the present state of the U.S. economy. The A.I. bubble is propping up an otherwise ugly situation, and those companies are now asking for government loan guarantees and financing themselves in sketchy circular financial engineering schemes. > [T]he high-end US consumer has remained strong, but middle and lower rungs are suffering. the mcdonalds CEO said this in August: > >“With middle and lower income consumers, they’re under a lot of pressure. If you’re upper income earning over $100k, things are good. Stock markets are near all time highs. You’re feeling, quite confident about things. You’re seeing international travel, all those barometers of upper income consumers are doing quite well. What we see with middle and lower income consumers is actually a different story. It’s that consumer is under a lot of pressure in our industry. Traffic for lower income consumers is down double digits, and it’s because people are either choosing to skip a meal. So we’re seeing breakfast, people are actually skipping breakfast, or they’re choosing to just eat at home.”

Stacker News

trumponomics, 50 year debt, and a worrying desperation \ stacker news ~econ

The author's shift key seems to be broken, but otherwise it's a good article on the present state of the U.S. economy. The A.I. bubble is propping ...

Is there a prediction market, like Polymarket, that uses #bitcoin Lightning Network and/or eCash? Or are there any works in progress? 🧐

Rediscovering F. A. Hayek: 50 Years After the Nobel Great little mini-doc (20 min) on F.A. Hayek, and his prophetic warnings to the West in his book, The Road to Serfdom. He saw Keynesian economics as the precursor to the rise of socialism.

Stacker News

Rediscovering F. A. Hayek: 50 Years After the Nobel \ stacker news ~econ

Great little mini-doc (20 min) on F.A. Hayek, and his prophetic warnings to the West in his book, The Road to Serfdom. He saw Keynesian economics a...

Why Manufacturing's Last Boom Will Be Hard To Repeat

MSN

You might hit a paywall so I'll sum it up and quote the key part. The premise of the article is around the formation and success of labour unions in the USA during and after WWII. The war pushed everyone to massively grow production and industrial output. Global competition was decimated by the war, giving the USA an opening to dominate, and they did, for awhile. But the unionization added a heavy cost to American businesses that Asian ones did not have. Capital that may have been invested in research and new technology instead went to pensions and benefits. When Europe got back on its feat, and OPEC asserted its dominance, the economy suffered through the 60's and 70's until the rug pull of the gold standard. 

Stacker News

Why Manufacturing's Last Boom Will Be Hard To Repeat \ stacker news ~culture

You might hit a paywall so I'll sum it up and quote the key part. The premise of the article is around the formation and success of labour unions i...

Safeway in SF implements new security system: you can't leave without a receipt https://www.sfgate.com/food/article/sf-grocery-store-installed-security-measures-21138800.php "Welcome to the hotel California ... you can check out any time you like, but you can never leave!" It's an interesting concept, but those little gates aren't going to stop a motivated thief. It's going to inconvenience legitimate customers who forgot their wallet in the car or have to leave for another reason. It would probably deter homeless people from going inside to eat the samples and use the toilets. They are probably the intended targets.

Stacker News

Safeway in SF implements new security system: you can't leave without a receipt \ stacker news ~culture

"Welcome to the hotel California ... you can check out any time you like, but you can never leave!" It's an interesting concept, but those little g...

I was thinking about the sustainability of NOSTR relays recently, and your idea presents a viable solution. Relay operators could join federations, who collectively share a mint, such that the eCash tokens could be used for any federated member relay. One wants to have a list of relays, for better reliability, so an arrangement like that would be better for users. It also spreads out the trust among several parties -- one relay might disappear, your investment with it -- but less likely for all members of a federation to vanish. IMO the eCash tokens should be redeemable from the mint for bitcoin, in case you decide to move on. So it operates like a prepaid VISA card, for use with member relays. Sophisticated client software could automatically handle eCash top-ops from the configured mint, for better UX. A standard could be developed for mint service with member NOSTR relays, to facilitate communication with NOSTR client software.

Today people are confusing communism with fascism, in regards to the state financial integration with large corporations. Here is an excerpt from the writings of Benito Mussolini,1935, “Fascism: Doctrine and Institutions”, on the intervention of state into the businesses operating within it.

Political Research Associates

Mussolini on the Corporate State

A Google(tm) search on January 12, 2005 turned up some 5,000 hits on the following quote: “Fascism should more properly be called corporatism bec...

For my 7 followers 😂 and anyone else who sees this and is interested in a high quality online conference / workshops on React development, here’s a referral link for free registration to GitNation’s React Summit starting November 18th. I went to their in-person event this summer and it was quite good, so expect these talks will be worthwhile. Please share!

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I’ve been mountain biking on Vancouver Island for the past week. The popular trails in Cumberland are more developed, but much of it is exposed to the sun, especially through the clearcut areas, and its quite dusty. North of Campbell River, in the Snowden Demonstration Forest, you get very lush forests and soft, earthy trails under the canopy.

Mountain biking is a great way to meet women. Mostly nurses.