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  • 21 Comments
Joined 1 year ago
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Cake day: July 13th, 2023

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  • You keep posting this graph with no context, but the euro has also had very high inflation.

    This is bad faith and you know it, that’s why you aren’t actually discussing it, just posting a misleading graph.

    USD had 141% cumulative inflation since 1990

    Euro has 115%

    The pound has 143%

    Brazil ( a member of brics) has nearly 1000% since 1994 (25 million percent from 1990 like the other countries.

    China, arguably the biggest contender for stability in brics has 160% inflation.

    Why aren’t you including charts for all of these countries? And why are you using a chart showing inflation values from before USD was used as the international currency in 1944 with the bretton woods conference, without demonstrating why that is important and what it means? Given that this is in the context of global currencies.


  • Isn’t the first graph just general inflation? What does purchasing comparing purchasing power mean in this scenario? And how does it compare to other currencies like the pound or the euro?

    Also the conclusion of the second article you linked seems to indicate that no other large scale currencies are replacing the shares of the US dollar, instead things like gold and diversified currencies are taking up this space, those don’t take the place for international trade.

    Neither of these seem like a death knell for USD to me.



  • Yes, honestly the fact that ‘youtube music’ is literally just a different frontend for YouTube drives me nuts, it goes both ways, the YouTube app for TV doesn’t have proper features either, it’s unclear if you are getting the music or video version and the most egregious of them all imo, on the TV app, you can’t freaking browse for a different song while music is playing, you have to stop the song to go to the search bar.











  • Yes, general investing is not zero sum, however many methods of advanced trading are. Options trading, which is prominent and easy to access on Robinhood, is much closer to gambling (and is treated that way by many users) and is zero sum.

    Most active trading strategies require successfully arbitraging, or extracting inefficiencies out of the market, and you can’t do either of those things without someone else losing money.

    Passive investment is investing in the companies that underlay the market, active trading is extracting value out of the market itself.




  • I got downvoted for this before, but, when you sublet your property like this, you take on an inherent risk. This isn’t any different to a bad tenant, or an investment not panning out.

    Any business who accepted these red boxes should have either a) established contingency with Redbox themselves or, failing that, b) established a contingency through their own means by keeping liquidity to handle disposal of the machine (or something like insurance)

    Don’t feel sorry for these businesses, they took a calculated risk, likely made lots of money over the last decade, and now are faced with potentially needing to use some of that revenue to dispose of the machines. Any normal business keeps assets and liquidity available to cover expenses of doing business, the same way a landlord needs to use some rent money to clean up after a bad tenant, it’s part of their business model. If a business thought these machines would just live there forever and magically go away when they aren’t making money anymore, that’s their fault.