Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

Discord ID: 687935439209758722


2020-03-11 21:51:38 UTC  

No central banking authority, but I wouldn’t be so sure of independent currency issuance.

2020-03-12 04:03:15 UTC  

Is SINT still maintaining there won't be a recession?

2020-03-12 04:35:09 UTC  

We should tax income made working overtime less

2020-03-12 08:02:45 UTC  
2020-03-12 10:11:12 UTC  

> except any nation that does have central banking can manipulate your currency, so that’s fun
The treasury exists @Sophie

2020-03-12 13:35:12 UTC  

You. Sidisnotthere. SINT

2020-03-12 13:35:26 UTC  

Feel free to refer to me as DYM

2020-03-12 14:24:18 UTC  

Well I agree, there isn’t any sign of a recession.

2020-03-12 14:24:37 UTC  

Bear market.

2020-03-12 14:24:48 UTC  

That isn’t due to a recession, it’s due to virus fears

2020-03-12 14:24:56 UTC  

Haha

2020-03-12 14:25:04 UTC  

The recent jobless claims have fallen, which would not be expected if we were in a downturn

2020-03-12 14:25:04 UTC  

Adorable

2020-03-12 14:25:26 UTC  

Thanks, I actually understand how the economy processes.

2020-03-12 14:25:51 UTC  

A stock market falling doesn’t necessarily mean there is a recession; in this case it means investors are temporarily feeling bearish due to exogenous reasons.

2020-03-12 14:26:01 UTC  

However the economy doesn’t show any signs so far. Like I said the Feb job reports and this weeks jobless claims falling.

2020-03-12 22:02:43 UTC  

What will happen after the pandemic is gone? Will the normal economy go back or is that too late to invest?

2020-03-13 00:23:45 UTC  

All that you mention are lagging indicators SINT

2020-03-13 00:24:09 UTC  

I think Sophie and I will be proved right

2020-03-13 07:34:02 UTC  

The most reliable indicator of a recession, the yield curve inverting was already a thing more than a few months ago. The stock market is just the icing on the cake and the signature and the date for the clear signal that we'll be going into a recession. It's only inevitable.

Unless you mean to suggest that the Fed yield curve didn't actually predict the last 60 years worth of recessions consistently? @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

2020-03-13 08:09:49 UTC  

@Shockwave The yield curve isn’t a mechanism that predicts a recession, as in a recession will happen if it inverts - this isn’t true. It’s mainly a warning sign to act, if the FED lowers interest rates and takes action the impending “recession” will not come.

2020-03-13 08:23:13 UTC  

@Hollow Vagabond Back to normal

2020-03-13 08:33:54 UTC  

Okay, you're ripping a Ben Shapiro and stating to obvious expecting me to give you the dub for the argument over changing the entire narrative of what I was saying.

2020-03-13 08:34:25 UTC  

Note that historically, for 6 to 7 decades there was a recession on average 24 months after the yield curve inverted. Every time.

2020-03-13 08:35:35 UTC  

Is it cause and effect? No, but you must admit that this is consistent enough to spark confidence in the common coincidence following such a phenomenon.

2020-03-13 09:16:04 UTC  

@Shockwave In this case it’s different, the yield curve isn’t saying there will be a recession but signalling action must be taken.

2020-03-13 09:16:42 UTC  

It’s what the federal reserve did; hence a recession is not probable anytime soon.

2020-03-13 14:11:38 UTC  

Time will tell. Given the rapid loss of spending I expect we will see the mist rapid recession in US history. Our economy is built on spending and pretty much all spending except for a handful of specific items has essentially dried up.

2020-03-13 15:35:36 UTC  

It’s not so simple.

2020-03-13 17:19:08 UTC  

Its if Bloomberg becomes president we will have a better minimal wage but prices will go up only good for a short time we’ll only get dried up slower

2020-03-13 20:10:38 UTC  

@DrYuriMom The dow jumped 2k.

2020-03-13 20:26:11 UTC  

@Baphomet The business cycle doesn't mean "Capitalism" will collapse.

2020-03-13 20:26:23 UTC  

The trend of growth is upwards, i.e GDP is trending upwards despite the troughs.

2020-03-13 20:26:34 UTC  

Profitibality margins are down however

2020-03-13 20:26:39 UTC  

Not exactly.

2020-03-13 20:26:50 UTC  

You're referring to the 'falling rate of profit'? It's measurements are wrong.

2020-03-13 20:27:15 UTC  

And you forget that capitalism creates the tool of it’s own demise; by uniting workers in a common cause

2020-03-13 20:27:23 UTC  

What would that mean?

2020-03-13 20:28:58 UTC  

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ Once profitibality reaches 0 what will happen

2020-03-13 20:29:05 UTC  

You have to admit society evolves

2020-03-13 20:29:12 UTC  

Society goes through stages