wfrost

But what about many dig dig

kevinrkirk 2d @ Threads Why are we bothering with the Strait of Hormuz when we could simply do this? Explain it to me like l'm 5. (Drawing of chopping of part of land) suahuatica 2d MOUNTAIN HARD AND BIG, WATER NO UP. MANY MANY DIG DIG.

Happy Friday. Don’t skip school.

Even Megyn kelly can’t believe it

If I see a another “LLMs are stupid it drew a cat with five legs hahaha, AI will never displace labor!” post Im going to lose it

Capital has been displacing labor’s share of national income for 30 years. We don’t even need a trend acceleration for this to be a problem.

And yes, it could accelerate

Silver lining maybe it will lead to more labor solidarity among blue and white collars

IMO this dilemma would be best solved by ending the war, taxing capital and supporting labor, but somehow I don’t see that in the cards before November…

Lower rates? Accelerate labor’s marginalization by capital.

Raise rates? Disincentivize new oil supply/investments.

Not a fun choice at the Fed. Both mandates at risk.

Oh look. More capital to compete with labor. A lot more.

The problem is the rigid 2% inflation target, and this is a great example of why. Tightening the money supply in supply shocks compounds the acute problem, just as loosing during productivity booms negates (much of) the benefits.

This feels like a measured response for the moment. Probably a little too rose colored about the likelihood of a transitory impact.

But if oil does drive inflation, I don’t see how raising rates helps acutely with that challenge. It would discourage new supply/capacity.

Agree

Of course they genetically want high prices. But they also want their cargo on boats moving to demand and not at the bottom of the ocean.

I wish we could get some productivity driven deflation, just like voters want.

Deflation and recession are not the same thing. We may get a recession with inflation, which is the worst.

More complicated - they have a lot of global interests disrupted by supply chain failures.

On the demand side, true. It kind of sucks on the supply side.

And this persistent inflationary regulation ironically supports the 1% way more than the rest of this.

Especially given the compounding benefits of persistent inflation generated by the Cantillion effect. It’s built in upward distribution.

Yeah works OK on the demand side. The issue is more in responding to supply shocks with tightening or to productivity gains with loosening.

I am sure there will be plenty of applicants for this job…

Not good.

I thought for a second she was about to say the United States.

I think most don't understand how "just-in-time" the global oil market works. South Korea says it only has a supply to last 9 more days. Qatar says even if the war ended today, it would take up to a month to get production back to normal. Kuwait is cutting production because they're out of storage.

the looting will continue until morale improves

TRUMP ADMIN. TO ALLOW SALE OF SOME VENEZUELAN GOLD IN THE US

In case you needed another reason to boycott the World Cup

Now Trump is trying to cancel Spring Break.

Wait Trump just canceled Spring Break?

Higher gas prices have benefits when caused by thoughtful tax policies.

Not like this.

And Russia wants high oil prices. Seems like there is a clear winner here…

My advice to the Administration: With the U.S. uncomfortably close to a recession -- and already in a jobs recession -- don't do anything rash that could make things worse.