Global Depression 2022 - Time to do the Breadline Boogaloo!

Who is going to get hit the hardest?

  • North America

  • South America

  • Asia

  • Europe

  • Australia

  • Africa

  • The Middle East

  • Everyone's fucked

  • Nothing will happen


Results are only viewable after voting.
Unemployment is dropping in the US.
This figure lacks context, the total % of the population in the workforce has dropped by a full percent or two, either by retirement, death or some women actually realizing that "careers" are bullshit and just staying home to raise kids rather than burn money with daycare at almost a 1:1 rate to what they make. Not only has the total workforce dropped by a staggering amount, the numbers are bullshit and if you're not "looking for work" which is vague, you're stricken from the figures. The numbers are well and truly fake and gay, plus there is always a bump in November 1st-December 31st because of temporary Christmas work. All of those Amazon, Fedex, UPS and retail workers brought in for part time work during the holiday season are going to be terminated.

There is a lot to go into those numbers, but unemployment certainly is an issue still and Jan-Mar is always regarded as a bad time period because its cold as fuck out so consumption is low and is very sparse as far as holidays go for the retail sector.
 
America Would Be More Happy With More People - Article about population growth and the economy.

Top Obama Economic Adviser Fears Recession, Says Federal Reserve Was Too Late On Addressing Inflation

World economy to top $100 trillion in 2022 for first time, India set to overtake France: Report
"We hope that a relatively modest adjustment to the tiller will bring the non-transitory elements under control. If not, then the world will need to brace itself for a recession in 2023 or 2024."
 
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The Turkish government is now apparently trying to price fix goods at markets. This does not bode well for the Lira.
 
Jokes aside has price fixing literally ever worked? Isn't it kind of an admission you're becoming a failed state?
They try it in Israel for "daily necessities" (bread, milk) but the end result is that the producers just make the minimum required amounts and sell variations of the product with a higher price. The end result is that the bread might be slightly cheaper, but good luck finding those 5 loaves with smaller price, and instead you'd need to pay more for a different bread than what you would have with the original non-fixed price.
 
A nugget from Russian media. Let's just hope nothing bad will come of this. Maybe a bit of relief even?
 
America Would Be More Happy With More People - Article about population growth and the economy.
This one makes me wonder whether the author is completely retarded or evil enough to know how full of shit he is and tries to sell lies:
Inflation and unemployment rates get a lot of attention, justifiably. But this macroeconomic news ought to be of at least equal concern. That’s because — in economies as well as careers — what’s important is not only the level of achievement but also the momentum. The goal is to have a series of ascending successes pushing you toward successively stronger positions.
The current momentum the USA is backwards, the push to always "get the number BIGGER" is one of the main reasons why it is in that position.
For all its flaws, the United States is a marvelous collection of invented and evolved institutions. It took a lot of work to get here. At the margin, it costs relatively little to allow more people to enjoy and benefit from America’s Constitution, its favorable business environment and its nuclear umbrella. In the terminology of economics, the U.S. is a public good. Allowing more people in the country is like allowing more people to fill the empty seats in a theater for an excellent performance: Why not?
I'd give the author the benefit of the doubt he isn't one of the journos who regularly hate on the USA. The problem is that "the seats" aren't empty though, you just carelessly toss whoever sat in them for the new suckers who payed a premium at the cost of everyone else in the theater who'd need to suffer those newcomers midview.
A growing population also brings practical advantages. Consider the year’s debate over the effect of stimulus on inflation. It doesn’t seem, with a 6.8% inflation rate, that America quite got the balance right. With a significantly growing population, macroeconomic policy is much easier. The growing demands of an increasing number of workers and consumers is itself a form of economic stimulus. But these demands are not in general inflationary, because they are offset by more work and higher output. Those boosts in supply will tend to offset inflationary pressures, and they also will maintain economic growth. A significantly growing population is a kind of macroeconomic free lunch.
"The solution to a growing demand for goods is increasing the demand for goods". Maybe it had a point half a century ago when the USA still manufactured shit.
More anecdotally, have you ever visited a city and felt a sense of stagnation and decline? For me, that feeling is more common in a city that is losing residents rather than gaining them. There seem to be fewer and less diverse restaurants, theaters, even street musicians.
In contrast, the most exciting states, cities and neighborhoods have lots of new venues and new people. Over the last decade the three fastest growing states, in percentage terms, are Utah, Idaho and Texas. I’ve recently visited the latter two and felt a palpable sense of excitement and ambition.
The relationship between population and dynamism holds at the national level as well, though it is harder to see because declines are not always so concentrated in a single geographic locale. But a country’s mood cannot help but be affected by how many people it has and their ability to make unique contributions to society.
No you dumbshit, having a better economy attracts more population, not the other way around! Otherwise third would shitholes would be Wakanda.
America’s population is not declining right now, but it is not doing much better than holding steady. That brings its own mood of stasis and complacency. And let me be so bold as to suggest that, more than most countries, America is highly dependent on its own sense of optimism and growth. Otherwise, how is it to remain a top innovator? How will it pay off all its debts?
The USA no longer brings in engineers and doctors, it brings either replacement to current workforce who's willing to work for cheaper, and social parasites who'd vote blue, both will not solve the debt.
The most common argument against a growing population is that it harms the environment. But any potential solutions to environmental problems involve innovation, and more people means more potential innovators. It is the growing, dynamic societies that are most likely to improve green energy.
With how shameful American Universities are I'd sooner bet on Nigerians solving the world's problems before an american institution reaches a solution and actually publicizes it rather than kill it to keep the green energy gravy train.
Yes, America is in a funk, and low population growth is both a cause and symptom. But this crisis need not be permanent — and one way to solve it is simply to make and bring in more happy people.
Written by a (((guy))) living in a gated community.
 
Venezuela moment.

Jokes aside has price fixing literally ever worked? Isn't it kind of an admission you're becoming a failed state?
Of course not. All it does is incentivize not stocking any product. If the choice is keeping the shelf empty and not losing money vs. Stock the shelf and lose money, every store owner goes with empty shelves every time.
 

Amid all the celebration of a rousing year-end in stocks, Doug Ramsey has a sobering observation about a situation below the market’s surface.
Last week, when the S&P 500 closed at a 52-week high, 334 companies trading on the New York Stock Exchange hit a 52-week low, more than double the amount that marked new one-year highs. That’s happened only three other times in history -- all of them in December 1999, according to Ramsey, who is chief investment officer for Leuthold Group.

And it’s not just a one-week phenomenon: NYSE new lows now also outnumber new highs on a six-week moving-average basis. The last time that happened as the S&P 500 hit a one-year high was in July 2015, right before a six-month correction that saw the index lose around 14%

“The Fed had months to taper when the economy was red hot and the stock market tape was very broad and healthy,” Ramsey said. “Now, they are finally poised to do so with the economy cooling off a bit and stock market internals looking weaker than an at time during the entire rally from the pandemic lows.”

The Federal Reserve announced earlier this month that it would speed up its withdrawal of economic stimulus, whipping up volatility as investors fretted over the central bank’s policy path as well as the rapidly spreading new coronavirus variant. But strong corporate earnings and some positive Covid-19 news have helped propel stocks higher, with the S&P 500 on Monday notching its 69th all-time high of the year.

Few things stir agita for traders like comparisons to 1999 crash times. But Ramsey says that his analysis doesn’t mean a correction is imminent. The smoothed-out six-week moving-average condition happened several times throughout 1999 up until March 24, 2000, when it “proved to be the final nail in the coffin.”

“The trouble is these warnings can persist for several months before the blue chips finally take a hit,” he said.

Been a while since I saw the Dot Com crash referenced.
 
A nugget from Russian media. Let's just hope nothing bad will come of this. Maybe a bit of relief even?
Russians are telling the public that their elites are tarded . Russians want stable long term contracts with reasonable price so they can plan and build up their gas supply accordingly. Germany wants them to go on the spot market so angela Merkel's financeers and sponsors can get their cut in form of futures and whatever other fuckery they do to so they fullfil their rent seeking quota .

Germany is literally fucking the energy sector right now they forced norway to sell on spot causing prices overnight to go 500 % , they shutdown their reactors and coal plants all in the name of the green policy .

Even the dutch had enough of their shit and decided to build their own supply with nuclear and hookers

 
Russians are telling the public that their elites are tarded . Russians want stable long term contracts with reasonable price so they can plan and build up their gas supply accordingly. Germany wants them to go on the spot market so angela Merkel's financeers and sponsors can get their cut in form of futures and whatever other fuckery they do to so they fullfil their rent seeking quota .

Germany is literally fucking the energy sector right now they forced norway to sell on spot causing prices overnight to go 500 % , they shutdown their reactors and coal plants all in the name of the green policy .

Even the dutch had enough of their shit and decided to build their own supply with nuclear and hookers

This is excellent green policy! Don't produce any energy and instead buy it all from other countries so you can say you cut down on emissions! Germany's green!
 
This is excellent green policy! Don't produce any energy and instead buy it all from other countries so you can say you cut down on emissions! Germany's green!
It is indeed a great policy. The sunniest city in Germany (Freiburg im Breisgau) receives only 250 less sunlight hours a year than famously sunny Seattle.
 
@mindlessobserver 's Everything Bubble showed up on my newsfeed.


Larry Summers has been a busy boy. He's slammed most of the recent actions taken by Biden. These two headlines were published within the same hour.


Doubtless the meatpacking industry isn't the only industry in dire need of antitrust action, but it is one of the more problematic cases at the moment, which puts Biden in between a rock and a hard place if what Summers is saying is true.


This is an assortment of things I collected over the last couple of days. I dunno about the rest of you, but the ability to link was dorked for me in regards to archive.md. If it seems like a random selection, that's because it is.


From the last article we get this interesting set of stats:

SIMON FREAKLEY: Well, Julie, you're so right. While we've studied disruption for years, we've been formally studying it for three years, the third year, this year where we published these statistics. But the 72%, almost 3/4 of CEOs feel that their jobs are in jeopardy, a massive 20 point jump since last year, is really significant. And interestingly, Julie, of all those 3,000 CEOs that we interviewed around the world for this study, 94% of them felt that their business models would have to fundamentally change in the next three years for them to remain relevant in their markets, and 57% of them felt they weren't making swift enough progress. So some real insights in this year's study.

BRIAN SOZZI: Simon, one of those insights really surprised me, noting that 3% of executives say COVID is their number one priority. Why is that so low?

SIMON FREAKLEY: Brian, good to see you again. So interesting, Brian, when we asked people what was keeping them awake at night, COVID didn't even make the top 10, in fact, it came in at number 13. In the top 10 were issues like the impact of artificial intelligence in their sectors, governance issues coming from new regulation, environmental issues, how they were responsible but still profitable, all of these concerns are in the top 10 but COVID number 13, you're so right.
 
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It's pretty great that 1/5th our trucking force is Punjabi now, and Arizona is testing self driving trucks:


1. import immigrants to do jobs whites supposedly won't do
2. replace them with AI
3. divide welfare among an ever increasing number of unemployed
I love the comments. Pretty much everyone is saying this will be an insurance nightmare and will never fully get off he ground.
 
It's pretty great that 1/5th our trucking force is Punjabi now, and Arizona is testing self driving trucks:


1. import immigrants to do jobs whites supposedly won't do
2. replace them with AI
3. divide welfare among an ever increasing number of unemployed
You forgot:
1.1. fire all the white ones because they won't get a deadly injection.
1.2. complain when the economy shuts down.
 
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