The Stock Market Is Not The Economy Thread II

[Botosi]

Our standard of living is built off nations like theirs not getting their worth. Just shut up before you ruin this sweet deal we got

Sent from my SM-G996U using Tapatalk

Lol was literally just thinking that. If the price goes up its only going to effect the consumer (us).

[Ksandra]

Our standard of living is built off nations like theirs not getting their worth. Just shut up before you ruin this sweet deal we got

Sent from my SM-G996U using Tapatalk

And my family is suffering because of it. So nah. I'll bring this shit up for them.

[Andalusian girls]

pfff "not getting their worth" get over yourselves u filthy commie scum. Egypt charges exactly what they can get away with in the Suez Canal which is dictated by a cost-benefit analysis of how much traffic will be diverted to the Cape of Good Hope route at particular price points, and adjusting the rate to maximize revenue. the amount they make is determined by the cold laws of profit not economic imperialism.

[Andalusian girls]

el-Sisi prolly do be pocketing a fair chunk of change tho Egypt is one corrupt society

[Outlaw]

You would think that they would have thought about this before.. "Let's not allow a ship that is longer than the canal is wide through."

[Krandor]

Yeah no.

Countries ain't gonna foot the bill to further widen the Panama or Suez canals because of one incident, and ships are just gonna keep getting bigger.

[Roranora]

You would think that they would have thought about this before.. "Let's not allow a ship that is longer than the canal is wide through."

they have thought about this before, and those people have said this exact scenario is possible and very bad. Egypt (and others?) has actually been widening the canal and improving it for these vessels that are frankly too large for the canal (and yet have been passing through for years and years already) but this work hasn't happened yet in the area in which the ship ran aground

similarly applicable experts have noted for decades the likelihood of novel contagion is high due to deforestation and other land (mis)management practices. it could be worse than even covid next time around

[Byrthnoth]

Yeah no.

Countries ain't gonna foot the bill to further widen the Panama or Suez canals because of one incident, and ships are just gonna keep getting bigger.

(And steered by less capable crews)

[Krandor]

The boat was steered by a pilot tho, just like every other boat that would be passing thru the canal and every major shipping port.

[6souls]

The boat was steered by a pilot tho, just like every other boat that would be passing thru the canal and every major shipping port.

but the wind did it

[6souls]

https://twitter.com/BoxOffice/status...59990702551040

[archibaldcrane]

The S&P 500 topped 4000 for the first time in history this morning. It was at 2700 this time last year (at the bottom of the COVID slump)

[Jaybar]

The S&P 500 topped 4000 for the first time in history this morning. It was at 2700 this time last year (at the bottom of the COVID slump)

Thanks [s]Trump[/s] Major Biden!

[6souls]

719k new unemployment claims

[Zealot]

What's our total unemployment rate?

Sent from my SM-N981U using Tapatalk

[Andalusian girls]

unemployment is 6.2%, labor force participation rate 61.4%

[archibaldcrane]

What's our total unemployment rate?

Sent from my SM-N981U using Tapatalk

6.2% is the official (U3) rate in February. March hasn't been announced yet. There's reasons to believe that the pandemic is scrambling the survey in a way that inappropriately lowers the headline rate though.

[Byrthnoth]

Labor force participation was ~63% before the pandemic (never much recovered from 2008), so you could argue for a further 2% bump in the unemployment number or so if we take the recovery peak post-2008 as the baseline

[archibaldcrane]

Good short thread on the unemployment rate during this pandemic.

https://twitter.com/AlanMCole/status...582804480?s=19

Sent from my KFDOWI using Tapatalk

[6souls]

https://twitter.com/MPRnews/status/1...330668552?s=20