this post was submitted on 20 Apr 2024
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[–] Nobody@lemmy.world 49 points 1 year ago (1 children)

“We’re definitely not practicing a make-believe science designed to make sure the wealthy always benefit no matter the economic circumstances,” said the last economist with a fading shred of hope.

[–] militaryintelligence@lemmy.world 41 points 1 year ago (1 children)

Stockholders expect unlimited growth. This has no drawbacks and is a realistic expectation

[–] bastion@feddit.nl 6 points 1 year ago (1 children)

This is just terrible planning. I hate that economic philosophy.

Inflation is real, though, and it is also theft.

[–] Kalkaline@leminal.space 5 points 1 year ago (2 children)

Which is why you take out a shit ton of loans when interest rates plummet again, let the banks take the hit on inflation.

[–] bastion@feddit.nl 4 points 1 year ago (1 children)
[–] Kalkaline@leminal.space 2 points 1 year ago (1 children)

Which is why everyone and their mother remortgaged a few years ago. No one is getting a deal like that again.

[–] bastion@feddit.nl 2 points 1 year ago

How very optimistic.

[–] tentacles9999@lemmynsfw.com 1 points 1 year ago

They win anyways in the US at least. They borrow from the fed which means that they can take a loan out at a lower rate than they give you and pocket the difference. Then if it was not enough they can resell and repackage loans and let some other sucker deal with it. Annnd if that not enough they can create derivatives on packages of the loans (2008 was example of it blowing up) and sell those. And for icing on the cake if they somehow fuck it up (as they have in the past) they can get bailed out, give themselves bonuses and do it all again

[–] Wanderer@lemm.ee 11 points 1 year ago (2 children)
[–] Kalkaline@leminal.space 5 points 1 year ago

Where are the stock buy backs on the supply and demand curve?

[–] zqwzzle@lemmy.ca 10 points 1 year ago (3 children)
[–] HopFlop@discuss.tchncs.de 9 points 1 year ago (1 children)

Yeah but the wording is basically: "Prices are higher because they are".

It's just ambiguity of the word lobster. They mean all lobster dishes are more expensive because the main ingredient is more expensive.

[–] pearsaltchocolatebar@discuss.online 8 points 1 year ago (2 children)

Yeah, this is pretty common with higher end seafood places, but I'm guessing their supplier jacked up the prices.

[–] kautau@lemmy.world 11 points 1 year ago

Although the wording is technically accurate, probably could have been worded like “Market price for all lobster dishes has increased due to higher supplier pricing”

[–] Jackcooper@lemmy.world 2 points 1 year ago

What market are they shopping at?!

[–] JusticeForPorygon@lemmy.world 2 points 1 year ago

You missed the "Thanks Obama"

[–] neuracnu@lemmy.blahaj.zone 2 points 1 year ago (2 children)

There was that one DuckTales episode about it….

[–] Old_Fat_White_Guy@lemmy.world 2 points 1 year ago

Wasn't that the "high" lobster named Price episode? LOVED that tie died shell of his!

[–] FlyingSquid@lemmy.world 2 points 1 year ago

Was Lobster Price voiced by Vincent?

[–] intensely_human@lemm.ee 2 points 1 year ago

The lobsters have entered a state of Piagetian equilibrium!