Re: Our financial system is crumbling this week.
Posted: February 28 20, 10:50 am
It's crumbled before; it will crumble again.
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Our financial system is crumbling this week.
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Re: Our financial system is crumbling this week.
Posted: February 28 20, 4:26 pm
Re: Our financial system is crumbling this week.
Posted: February 28 20, 4:27 pm
Re: Our financial system is crumbling this week.
Posted: March 9 20, 8:15 am
Re: Our financial system is crumbling this week.
Posted: March 9 20, 8:17 am
I suppose they could allow negative interest lending to consumers lol
Re: Our financial system is crumbling this week.
Posted: March 9 20, 9:21 pm
In other words, during the long economic expansion, firms took on more debt, since they expected profits to continue. Because of the greater debt, these firms are more vulnerable to economic downturns, since can't pay off either the principal or interest. And one firm's failure leads to another, then another . . .
Re: Our financial system is crumbling this week.
Posted: March 10 20, 7:56 am
Re: Our financial system is crumbling this week.
Posted: January 15 22, 7:10 pm
A trip to the grocery store or a local eatery is becoming painful.
This inflation is gonna make my 3% raise really a 7% pay cut.
This inflation is gonna make my 3% raise really a 7% pay cut.
Re: Our financial system is crumbling this week.
Posted: January 17 22, 4:19 pm
Weirdly, in my area I'm not yet seeing inflation in the grocery store. All my pantry staples seem to cost the same as they did in 2020. Maybe prices were higher here prior to this period of inflation so the sellers have more margin to absorb higher wholesale costs? I dunno. Could also be that I don't pay close enough attention.Superorganism wrote: āJanuary 15 22, 7:10 pmA trip to the grocery store or a local eatery is becoming painful.
This inflation is gonna make my 3% raise really a 7% pay cut.
I have noticed that several of my local eateries have raised prices by like $1/item.
Beer, weirdly, has not gotten more expensive which I would expect it to considering everything that goes into a beer/can like aluminum, grain, hops, gasoline to ship it, etc. Those all seem super vulnerable to supply chain problems and inflation. Maybe they have gotten more expensive but these urban hipsters realize that $12.99 - $15.99 for a 4-pack of hazy IPA was already an act of insanity and don't want to push their luck any further.
Re: Our financial system is crumbling this week.
Posted: January 17 22, 4:29 pm
Iām telling you, we need more conspiracy thinking about this. Surely, in Chicago, the Nation of Islam is on the case?G. Keenan wrote: āJanuary 17 22, 4:19 pmBeer, weirdly, has not gotten more expensive which I would expect it to considering everything that goes into a beer/can like aluminum, grain, hops, gasoline to ship it, etc. Those all seem super vulnerable to supply chain problems and inflation. Maybe they have gotten more expensive but these urban hipsters realize that $12.99 - $15.99 for a 4-pack of hazy IPA was already an act of insanity and don't want to push their luck any further.