FuckyWucky

joined 2 years ago
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[–] FuckyWucky@hexbear.net 18 points 9 hours ago* (last edited 8 hours ago)

The state Gov has always flipped back and forth between Liberals (UDF) and the Left (LDF), In 2021 Elections the LDF secured atypical second term (LDF will be the first Gov to complete two full terms). Recent worry has been about NDA (BJP basically) gaining foothold.

[–] FuckyWucky@hexbear.net 38 points 12 hours ago* (last edited 12 hours ago) (4 children)

Liberals and the right won the municipal elections in Kerala today.

In my opinion, it was a victory of culture wars over material issues. Focusing on the kind of corruption that doesn't affect regular people in any way and with BJP doing religious polarization. Concerningly, the BJP won a Municipal corporation for the first time (afaik).

It doesn't bode well for the state Gov elections to be held next year. BJP and the liberals have no solution for any material issues of course, and the Left has done a better job on that front kelly. But better isn't enough when the liberals and the right don't have to focus on material issues, or provide any solution to existing material issues. The BJP Central Gov will strangle Liberals fiscally just like they are doing to the Left currently, if they win the 2026 elections. On top of this, Liberals in Kerala have historically been corrupt being controlled by the bourgeoisie, so their Gov will be shit in general. It provides an avenue for culture war 'issues' to be promoted by the BJP.

[–] FuckyWucky@hexbear.net 4 points 1 day ago (1 children)

Didn't they raise regressive taxes? shocked-pikachu

[–] FuckyWucky@hexbear.net 15 points 1 day ago* (last edited 1 day ago)

True, I meant they couldve gone for a better prompt than orange Steve with blonde hair.

[–] FuckyWucky@hexbear.net 21 points 1 day ago (2 children)

Lazy skin smh no effort

[–] FuckyWucky@hexbear.net 35 points 2 days ago* (last edited 2 days ago) (1 children)

Yep

Oracle raised its forecast for capital expenditure this financial year by more than 40 per cent to $50bn. The outlay, largely directed to building data centres, climbed to $12bn in the quarter, above expectations of $8.4bn.

Its long-term debt including operating leases increased to $116.3bn, up 44 per cent from a year ago.

Oracle has launched an aggressive drive to catch up with much larger cloud players such as Google, Amazon and Microsoft in the race to supply the vast amount of computing power that AI groups including OpenAI and Anthropic need to train and run their models.

Article

[–] FuckyWucky@hexbear.net 17 points 3 days ago (1 children)

if her phone has option to turn off internet access for apps, that will prevent it from sending the data to their servers.

[–] FuckyWucky@hexbear.net 25 points 3 days ago

"Retvrn to old consumerism"

[–] FuckyWucky@hexbear.net 9 points 3 days ago* (last edited 3 days ago)

Worst case scenario, Fed can open a window where they will buy all the treasuries at a fixed price targeting a certain yield. Markets will arbitrage it keeping yields near the target.

Australia did it during COVID, not because of any sell-offs but to lower long term yields to near short term ones.

In the gold standard era, doing so would result in everyone holding Dollars which they could convert to Gold (at least foreigners could). This would drain gold reserves and they would actually have to try borrow gold from the market and take away convertible currency at higher and higher yields until markets won't give you anything regardless of yield (see Greece).

That is not a binding constraint under float. Hence why bond issuance for fiscal policy is no longer needed. It has stopped being the price Govt pays to market to get them to hold your bonds over convertible cash. It is now simply a free money asset.

The idea of QE causing inflation comes from a very trickle down idea supply creating demand. The idea that if you just give reserves to bank by doing QE (an asset swap), lending will somehow rise. That's not the case, banks lend to whoever they see as profitable within their risk appetite, they won't lend because Gov swapped their bonds for reserves. Businesses and individuals won't take loans if their own balance sheets are squeezed. Banks just end up holding excess reserves and lending just as they did before. The only effect it does have is by lowering long term rates. I am not suggesting lowering rates, I am saying they will do YCC like bond buying. The Fed then sets the curve just as they set Fed funds rate.

166
Aint no way (hexbear.net)
submitted 1 week ago* (last edited 1 week ago) by FuckyWucky@hexbear.net to c/memes@hexbear.net
 

https://x.com/sopjap/status/1996123471265587535

He do be looking drippy though

 

Twitter picard

 

U.S. hasn't won a war since WW2 and even then it barely played a role.

Article

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