Recent comments in /f/wallstreetbets

SufficientTowers t1_jad4f9c wrote

Reply to comment by attofreak in The Fed is yet to catch up to the Taylor Rule estimate by Surlax

> for now, USA can still fill it with immigration, and then the right-wing nuts lose their minds without seeing the bigger picture

There's a touch of irony here. There's an even bigger picture you're not considering here that the "right wing nuts" are in the right about; longer term downward pressures on wages due to infinite labor supply, elimination of whole sectors of industry, as well as strain placed on social systems by importing net unproductive people. The immigration system in the US does not select for the best and brightest globally, unlike immigration systems in most other countries.

Comparative advantage needs to be held up against localized losses. It doesn't matter to the unemployed that everything is 10% cheaper when their jobs are eliminated and there's no path to retraining.

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CreepingFog OP t1_jad3vt5 wrote

Reply to comment by Johnathonathon in The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today by CreepingFog

Yeah, they constructed railroads that led from nowhere to nowhere. They did so not because of a profitable market opportunity, but due to numerous investors driven by FOMO who were handing them their money. And since these companies were not generating any revenue and relied solely on investor capital, the bubble eventually popped as you said. Very similar to what we have been seeing with the tech industry recently.

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Dozekar t1_jad335d wrote

Reply to comment by BugTotal6212 in Fed might raise policy rates to 6% - BofA by Broiler100

If they intended to do that they wouldn't have already lowered the rate raises. They know the political government will start tampering with them again. As soon as they got whiney they slowed the rate raises.

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There is no way they're ever controlling inflation, they completely blow that out of the water with the 25bps hike.

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prettyprtyprtygood t1_jad2zfx wrote

Reply to comment by PAM111 in The Fed is yet to catch up to the Taylor Rule estimate by Surlax

It's pretty clear that we aren't experiencing stagflation. In stagflation, the inflation rate has to keep increasing even as growth slows, and stagflation is specifically characterized by high unemployment and high inflation at the same time.

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Unemployment is low, inflation rate is decreasing as growth slows, and the inflation adjusted GDP is still growing. The only argument for stagflation is that everyone is lying about everything and that the government is controlled by lizard people.

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swohio t1_jad2z21 wrote

Reply to comment by Sharpest_Blade in Elon Musk Regains His Spot as the World’s Richest Person || The Tesla CEO has benefitted from a 100% rally in the electric carmaker’s stock by DangerStranger138

You guys are actually fucking stupid. This is Tesla's 5 year stock price chart. It was only above $400 one time and very very briefly.

Again, that is $400 POST SPLIT PRICE How is this hard to understand? The person I replied to mentioned "still being down 50%" inferring he was talking about the current price.

https://i.imgur.com/69VXiaj.png

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neldalover1987 t1_jad2kwa wrote

Reply to comment by MoneyForPussy in Elon Musk Regains His Spot as the World’s Richest Person || The Tesla CEO has benefitted from a 100% rally in the electric carmaker’s stock by DangerStranger138

What “she wrote” was that elon is back as the richest man on the planet because of a 100% rally. Which is correct.

Elon became the not so richest man on the planet due to the plummet. And then again became the richest man because of 100% rally. Both can be true.

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