The major recession button isn't working boss what should we do?
this post was submitted on 12 Jun 2024
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Breadtube if it didn't suck.
Post videos you genuinely enjoy and want to share, duh. Celebrate the diversity of interests shared by chapochatters by posting a deep dive into Venetian kelp farming, I dunno. Also media criticism, bite-sized versions of left-wing theory, all the stuff you expected. But I am curious about that kelp farming thing now that you mentioned it.
Low effort / spam videos might be removed, especially weeb content.
There is a cytube that you can paste videos into and watch with whoever happens to be around. It's open submission unless there's something important to commandeer it with at the time.
A weekly watch party happens every Saturday (Sunday down under), with video nominations Saturday-Monday, voting Monday-Thursday. See the pin for whatever stage it's currently in.
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The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for years to come. With growth and unemployment lodged at levels better than the U.S. central bank considers sustainable in the long run, Fed Chair Jerome Powell said policymakers were content to leave rates where they are until the economy sends a clear signal that something else is needed - through either a more convincing decline in price pressures or a jump in the unemployment rate.
luv 2 have an economy run entirely by "unemployment rate" and "inflation rate", two rigged indicators.
Well what do you know, nepo baby CEOs have full control over all of that.
: "Well it's MY reserve army of labor to sit on and do nothing with....and I just say the latest yacht so I'll just hike prices and give myself a nice raise. So sorry about the economy!"
I'm dumb, but at this point there should be new rules to be studied for economics.
We seemed to have decoupled "the economy" with general prosperity. The rich are richer than ever, but they're laying off workers left and right because 'we don't need that many', and the wealthy have been super concerned about their finances. Actual hiring is slowed to a crawl, and somehow we are able to not technically be in a recession because we can just say 'no we're not'.
I swear, there is no rhyme nor reason to late stage capitalism, it's economics calvinball.