sarker
It isn't happening, and if it is, it's a bad thing
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User ID: 636
sarker
It isn't happening, and if it is, it's a bad thing
13hr ago
Imputed rent is not a real thing, it's imaginary. Enjoying a house that's built is the whole point of a house, that's why people buy them.
Obviously, but it would be even weirder if renters contributed to GDP but homeowners didn't.
Building engines is measured as part of GDP. It's going to be investment for somebody who finally buys the plane or perhaps an export, this is one of the fields where US manufacturing still leads the world.
I covered the export case already. If the engine isn't exported and is instead bought by Boeing the value of the engine is not explicitly counted in GDP (hence final goods and services). Best you can say is that if the engine weren't made here it would need to be imported which would subtract from GDP.
More importantly, building engines is clearly related to prosperity, technology, productivity and national power, which is what GDP is really supposed to be telling us about.
Singapore is highly prosperous. How many jet engines do they produce? There's more than one way to prosperity and it's a mistake for you to shoehorn your vision of what it looks like into what GDP is actually measuring - the amount of goods and services produced in an area.
High frequency trading makes money, their workers certainly earn wages. I would be highly surprised that they weren't counted as part of GDP.
Capital gains, trades, etc do not contribute to GDP by definition.
Stuff trading firm employees buy with their salaries counts as GDP, but they mostly don't spend their money on the financial sector.
Anyway, one of my points is that GDP is not that helpful as a measurement, so if production of engines wasn't included, then it would only strengthen my argument. But since it is, why bring it up? Where exactly engines belong on some accounting category doesn't seem very useful.
It's useful for measuring goods and services produced in an area and the material standard of living. It's not useful for comparing who makes more jet engines - there are simpler approaches for that.
Making houses more expensive by raising demand via financial schemes or immigration isn't productive economic activity, nor is much of the financial services industry (high speed trading for instance). There is obviously a role for banking and capital allocation, futures and derivatives yet it should be weighted lower compared to production of goods like iron, food, energy and aircraft engines.
Used house sales are not part of GDP. Realtor fees are, but those don't seem to be a significant part of this growth (we'll need to wait for final numbers to be sure). HST, futures, and derivatives do not (directly) contribute to GDP. For that matter, neither does iron, and usually neither do energy or aircraft engines, at least when the purchasers are domestic.
Guys, GDP is the value of final goods and services produced in an area. In other words, it's (consumer spending) + (investment) + (government spending) + exports - imports.
Boeing buys a GE engine? Does not count towards GDP.
Lockheed Martin buys steel? Does not count towards GDP.
I buy onion futures? Does not count towards GDP, except any transaction fees, which, even when they are high, are a small part of the transaction.
Delta buys an airplane? That's investment, it counts.
The government buys a missile? Government spending, it counts.
Simple as.
sarker
It isn't happening, and if it is, it's a bad thing
1d ago
HGW00 is up 57% over 5 years and the S&P is up 87% in the same timeframe - but at least your money is where your mouth is.
sarker
It isn't happening, and if it is, it's a bad thing
1d ago
But are you long on copper futures?
sarker
It isn't happening, and if it is, it's a bad thing
2d ago
You can definitely find pallets near dumpsters, but I don't know that there's much evolutionary headroom for them.
sarker
It isn't happening, and if it is, it's a bad thing
3d ago
The broader point here is that if your opportunities are coming from discord you're in trouble.
sarker
It isn't happening, and if it is, it's a bad thing
3d ago
You'll never get anywhere asking girls out on discord.
sarker
It isn't happening, and if it is, it's a bad thing
4d ago
Do zoomers really ask girls out on discord?
sarker
It isn't happening, and if it is, it's a bad thing
4d ago
You're missing the point. The watermelon we have today is the special cultivar. Presumably at some point you'd say that people who only like this cultivar don't like watermelon, and now you wouldn't.
sarker
It isn't happening, and if it is, it's a bad thing
4d ago
60 minutes with a jade-like beauty: 160 dollars (240 Australian dollars)
Gotta love the brothel opening at 10 AM, in case any Aussies want to get a quick COOM in before lunch.
sarker
It isn't happening, and if it is, it's a bad thing
4d ago
Humans have been developing food technology for about ten thousand years, from domestication and selective breeding to improved processing techniques. Would I find you in Middle Kingdom Egypt saying that if you don't like the bitter and poisonous watermelons of our forefathers then you don't like watermelons at all? Would you deride the sweet watermelon as "a Menhtuhotep II era invention only possible thanks to a selective breeding program"?
sarker
It isn't happening, and if it is, it's a bad thing
5d ago
The reason for their high beneficiary status is that the men insist on studying for an exceedingly long time.
Typically, more education doesn't correlate with being more likely to be on the dole.
In Israel you have the conservative / modern orthodox who have a high TFR while living a very productive technology-forward life.
Until very recently even secular Jews in Israel had above-replacement fertility so this proves little.
sarker
It isn't happening, and if it is, it's a bad thing
7d ago
It was a scythe actually, but directionally correct.
Doing the work yourself does not logically exclude the possibility of mechanization though.
sarker
It isn't happening, and if it is, it's a bad thing
8d ago
Further, they produce a lot of stuff besides their signature wokeslop
So what? So does Hollywood - Oppenheimer wasn't wokeslop, and that was the third highest grossing R-rated movie ever.
sarker
It isn't happening, and if it is, it's a bad thing
8d ago
Netflix's entire strategy of the last decade plus has been to license less and produce more in house.
sarker
It isn't happening, and if it is, it's a bad thing
8d ago
I included the next paragraph to (futilely) head off such sufficiently motivated reasoners.
Looking at netflix subscriber numbers, there is no drop like we see in box office sales despite the median Netflix release generally being way more shitty and pozzed than the median theatre movie.
Somehow, the theory is that people are disgusted by wokeslop in theatres, but happy to gulp it down at home. Perhaps the counterclaim will be that people pay for Netflix but don't watch it, or only watch it in the background.
sarker
It isn't happening, and if it is, it's a bad thing
8d ago
Box office revenues have been dropping since covid (as seen on the chart). Assuming the trend continues past 2024, it's hardly surprising that one month would turn out abnormally bad and be the worst such month for a long time.
How does covid affect box office revenues? I don't know man, the last movie I saw in a theater was Oppenheimer. Perhaps people, having not gone to the movies during lockdown, simply decided that it's overrated.
In any case, I don't think that a priori you would expect that Hollywood's wokeness would only catch up to it only in 2020, although I'm sure a sufficiently motivated reasoner could make the case.
Looking at netflix subscriber numbers, there is no drop like we see in box office sales despite the median Netflix release generally being way more shitty and pozzed than the median theatre movie. So I really don't think this is a story of "get woke go broke" at all.
sarker
It isn't happening, and if it is, it's a bad thing
8d ago
This looks more like a covid effect than anything else.
sarker
It isn't happening, and if it is, it's a bad thing
9d ago
It's probably because you're almost a Britbong.
Did you like The Ginger Man? I hated that one, by the end I was hoping he and his buddies would get the lethal injection but apparently Irish people love it.
I'm currently at 20 books and I doubt I'll finish Le Morte d'Arthur in the next three weeks.
There’s almost no one I talk about it with who doesn’t reply with some variation of: A) Insecure Excuses along the lines of I WISH I had TIME to read so much, and I wasn’t so BUSY all the time [with things presumably far more important than FHM’s leisurely reading]; B) Books are Dumb along the lines of I only read blog posts summarizing non-fiction self help books; C) Braggadocio, Actually I read THREE HUNDRED SIXTY FIVE BOOKS this year, how did you ONLY read 26.
Aren't those the three most obvious responses?
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It's cool you did this and I wish I did
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It's dumb you did this and I'm glad I didn't
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It's cool you did this and I did it too
My top books this year:
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Two Years Before the Mast: an absolutely incredible story of seamanship, camaraderie, and the old west. Reading this book in the California summer was an unforgettable experience. It is on the very knife's edge of exponential growth taking root in California that has lasted through today. Be sure to read the author's postscript on his return visit 24 years after and his son's postscript 72 years after. An unspeakable sense of nostalgia and yet also a sense of what stays the same.
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A Confederacy of Dunces: Absolutely the funniest thing I've ever read, period (and yes I've read all the Britbong funnymen). Even better if you've met a couple guys who reflect facets of the substantial and well-formed soul of Ignatius J. Reilly.
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Anna Karenina: A book like this is hard to even review, but it's certainly worth your while. One small aspect: it's deeply amusing that Tolstoy seems to think that subsistence farming is basically the right and proper mode of agricultural activity for the Russian landowning class. Disregard mechanization. Leave behind optimization. RETVRN to mowing hay from dawn to dusk with a sickle, shoulder to shoulder with the illiterate peasants. If you're making any money, you're doing it wrong.
sarker
It isn't happening, and if it is, it's a bad thing
11d ago
It doesn't sound like arriving at the airport two hours early would have helped the situation.
Anyway, carryonchads rise up.
sarker
It isn't happening, and if it is, it's a bad thing
11d ago
Him looking like the guy they're looking for is a pretty good reason.
Houses are more expensive (in some countries due to government policy aiming to secure this outcome as part of retirement planning for boomers), the food thing is going to be a goalpost moving exercise, but you're simply wrong about cars. Median nominal earnings growth has vastly outstripped growth in car prices for decades.
https://fred.stlouisfed.org/graph/?g=1P71E
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