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Utopia Talk / Politics / How bad is the economy...
earthpig
GTFO HOer
Fri Jun 17 23:11:10
This is some boomer email forward level shit that I saw, and I'm an old fuck now, so here you are.

Those of you that are truly truly old, are any of these recycles from the 1980 or 1990 recessions? A few seem pretty non-decade-specific.

- The economy is so bad that I got a pre-declined credit card in the mail.

- ...that CEO's are playing miniature golf.

- ...that Exxon-Mobile laid off 25 congressmen.

- ...Angelina Jolie adopted a child from the United States.

- ...Motel Six won't leave the light on any more.

- ...A picture is now worth 200 words.

- ...They renamed Wall Street "Wal-Mart Street."

- ...I called the suicide hotline and got to a call center in Afghanistan. When I told them I was suicidal, they got excited and asked if I could drive a truck.
Habebe
Member
Fri Jun 17 23:19:16
I chuckled at the Angelina joke and motel 6.

Today's market was so bad even Pelosi was in the red. Literally.
Habebe
Member
Fri Jun 17 23:20:51
Jay Leno did one to Bill Maher once during covid.

This economy is so bad the gay bar is having ladies night.
nhill
Member
Fri Jun 17 23:33:16
Pretty fking bad. Will be worse.
Paramount
Member
Sat Jun 18 00:21:23
I chuckled at the suicide hotline.
Dukhat
Member
Sat Jun 18 01:45:02
Such old references. None of these things have been relevant in a decade.

The Stock market isn't the economy anyways.

That being said, interest rates going up will definitely slow down the economy while also barely affecting inflation because extra oil won't be refined and China won't stop it's lockdown bullshit. So higher priced energy and goods all around.
Nimatzo
iChihuaha
Sat Jun 18 02:36:20
Yea we are pretty much fucked for a while. Not pnly are things massively more expensive, but I also see certain things are missing from the stores still and more items have vanished. I have not seen sardines (canned) since early days of covid, the variety of yoghurts of all things have diminished. I STILL CAN NOT FIND THE FUCKING TELESCOPE I WANTED TO BUY! LOL I asked for advice here in 2020!

Everything is a mess. Family life is great, but I would trade my family for some sardines and that telescope at this point tbh.
earthpig
GTFO HOer
Sat Jun 18 03:25:55
@nima -- sardines and a telescope? Really, that's your "if we undid covid" wish list?
Nimatzo
iChihuaha
Sat Jun 18 03:32:05
lol :) those are the things I am missing yes. And I mean the range on the stuff that isn't there, telescopes and sardines.
McKobb
Member
Sat Jun 18 04:19:48
hahaha
murder
Member
Sat Jun 18 05:14:58

"Those of you that are truly truly old, are any of these recycles from the 1980 or 1990 recessions?"

I don't recall any of them. But then again I don' recall much of anything anymore. ;o)

murder
Member
Sat Jun 18 05:22:25

"@nima -- sardines and a telescope? Really, that's your "if we undid covid" wish list?"

He gets off on eating sardines while staring at Pisces.

Habebe
Member
Sat Jun 18 12:25:35
Ive wanted a new Raspberry pi for like a year. I'm on a waiting list and they just don't have any yet.

I may try to find some knock offs, but even the knock offs are scarce.

If anyone knows anywhere that has something similar in stock, that would be cool.

Speaking of canned fish....prices have skyrocketed and they are less available. I used to get mackerel for like $1/can , full sized can, Wal-Mart has 1 or 2 for like 6 bucks. Save alot has them for 1.60 but they are never there.

It was a treat for my cats.

After all the talk about the economy being bad because people are talking bad about the economy Ive noticed a very recent (last 3 days) uptick in news stories about how were going to be in a Bull market in a few months.

Lumber is finally dropping in price.Thats good. I feel like it should be super cheap here. I live withing driving distance to multiple lumber mills and were even called the wood basket.
nhill
Member
Sat Jun 18 12:35:57
The worst will be over in July/August if it’s not a multi year recession. Hard to tell which way it’s going to go, would give it 50/50 shot. The S&P will at least tap prepandemic levels around 3200, a breakdown from there would signal a multi year recession to me. The stock market is the economy now because the fed stopped artificially manipulating markets. Now we see its true colors.
Habebe
Member
Sat Jun 18 12:57:11
I think alot depends on energy and the housing market.

If energy jeeos climbing and housing bursts, could be a Pandora's box.
patom
Member
Sat Jun 18 14:49:01
Nimatzo, I believe Maine was the site of the first sardine factories. But the last Manie cannery has closed. Most were shut down way before Covid.

http://new...-sardine-last-sardine-cannery/
earthpig
GTFO HOer
Sat Jun 18 15:44:00
"Ive noticed a very recent (last 3 days) uptick in news stories about how were going to be in a Bull market in a few months."

Little cynical, but I always wonder if the news is over-optimistic for the personal benefit of the head honchos. IE, convince everyone else things aren't as bad as they are... while personally panic selling panic selling panic selling. At slightly higher prices, due to the artificial confidence they just created.
Paramount
Member
Sat Jun 18 15:56:07
Children stressed and self-harming over UK cost of living crisis

The impact of the cost of living crisis on children has led some to start self-harming, a new report by a leading children’s charity has claimed.

According to The Childhood Trust, the impact of money worries for British families has caused 47% of children to feel stressed, while 21% of parents said their children smile less because of the financial squeeze.


But, most concerning, 9% of parents who responded to their survey claimed their children had started self-harming.

The cost of living crisis risks plunging many previously financially stable families into poverty for the first time and the outcomes could be “disastrous”, according to the charity’s chief executive, Laurence Guinness.

“A lot of kids are finding themselves in this appalling situation for the first time,” he said. “They are deeply, deeply ashamed and embarrassed and worried about their predicament.

“Two or three kids in a class of 30 are self-harming because they are so anxious about their living situation, about whether their parents can pay the bills or whether they are going to be able to have a shower that night.

“One little boy told me he can only shower once a week now and his mum stands by the side of the shower to make sure it isn’t a long one either.”

The cost of living crisis is compounding a mental health crisis among children in Britain brought on by the Covid pandemic, Guinness said.

The relentless concern from parents about being able to heat their homes or put food on the table is having a profound negative impact on children, the report said.

“When I feel hungry, I ask my mother if we have any food and then she’ll tell me if there’s enough money or not,” said seven-year-old Esham. “If there isn’t then I just go in the cupboards and see if there’s something and if there’s a snack, then I’ll just eat it and try to go to bed.”

For the trust, there is little doubt about the underlying cause of the mental health crisis among children. McGuinness said: “After a decade of cuts and shrinking welfare support, the government’s response to the cost of living crisis amounts to a sticking plaster on the gaping wound of growing inequality.”

He referred to the Conservative government’s decision not to increase child benefit as a “major failing” that has led to more children dealing with clinical depression.

Susan Rudnik, a director and lead arts psychotherapist at Latimer Community Arts Therapy in west London, believes a lack of early intervention resources has caused the biggest children’s mental health crisis she has seen.

“Self-harming is very complex but very often young people feel it is a way of coping when there is nothing else that is going to help them,” she said. “It is quite a worry when they are relying on unhealthy mechanisms of coping because there is nothing or no one else available to help, whether that’s a professional, or a parent, friend or teacher.”

“But teachers are overstretched, mental health professionals are overstretched, therapists are overstretched, the third sector is being cut. We are heading into a disaster.”


Continues: http://www...-living-crisis-childhood-trust
murder
Member
Sat Jun 18 16:43:36

New scientific discovery: Being poor ain't fun.

Sam Adams
Member
Sat Jun 18 22:35:48
"Exxon-Mobile laid off 25 congressmen."

Lulz

"called the suicide hotline and got to a call center in Afghanistan. When I told them I was suicidal, they got excited and asked if I could drive a truck."

Lulz
Sam Adams
Member
Sat Jun 18 22:37:03
Anyway, if we had fewer activists, politicians, and managers, and more actual workers, the economy would be doing better and there would be fewer poor people.
Dukhat
Member
Sun Jun 19 00:36:50
Poorness is relative. The economy has a big shortage of workers. Immigrants would help inflation a lot by helping contain labor costs.

Republicans would get pissed as fuck though.
patom
Member
Sun Jun 19 06:01:19
Republicans financial supporters love immigrant workers. Preferably the Illegal ones. That they can replace in a nanosecond if they should ask for anything.
murder
Member
Sun Jun 19 07:40:15

Yeah but they're not in control anymore.

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