Message from @ManAnimal
Discord ID: 621768685585039381
yes, yes. i am familar with the literature
This isn't literature.
don't beleive everything you read
well there was that stat released that only ~30% of investment cash ever really returned to the economy
The methodology for calculating the CPI has undergone revision since the issue of overstating inflation.
though i believed that didnt factor in depressions
that except doesn't even address the real isssue of concern
And, I don't merely believe everything I'm seeing, having been an economics major, myself.
taking their time
it argues the merits of the adjustments but ASSUMES they can actual quantify something concisely that contains a massive about of uncertainty
fact: my mortgage was 15x what a family with half my income could comfortably afford before i bought it
my parents could live comfortably on a few hunderd dollars per month
the purchasing power per dollar has been dramatically reduced however the metrics don't consider a 'per unit' approach
yeah thats the major flaw in alot of economic interpretations these days
yeah, i know
The only uncertainty I see is the fact it may take years for commodity fluctuations to catch up with the CPI.
you see them try sometimes but once you do any digging they allways do something autistic like base it on some arbitrary/global scale
You just referenced inflation again.
input --> blackbox --> output; per unit approach examines the ratios of each per operation of the same black box; i.e. what it took to live comfortably in 1950 vs 2019 scaled to a single $1
i believe godman is distinguishing between price of good inflation and injection inflation
that entire statement is as alarming as saying 'causality is like correlation'
If you guys want to earn big money
no it certainly is not
get into developing AR apps
AR is the next big thing for investors
augmented reality right?
yes @Kealor, and the fact that the nature of 'uncertainty' is that you can't account for all the possible things you might be overlooking
Yeah. Most of my clients are buying up loads of companies who make AR Apps
I think Google and Apple are coming out with AR glasses
eh boomers investing in the wrong places
you are right actually
AR for day trading?
BIG oppurtunities
AR will either be a fake meme or destabilize the world so hard that investments wont even matter lol
Yeah developing and investing
boomers rise up
Minecraft AR is going to be very bid
we are alrady there
big*