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Business, Economics, and Taxes: Eat Cereal for Dinner

dxmnkd316 said:
The best possible thing you could do today is to not watch CNBC. Those clown prince *******es have gotten everything about AI wrong so far. And they'll refuse to blame this on what it is, a partial reckoning, instead they'll probably call this a broad market downturn. Which is a mistake if you look at where the losses are concentrated and then look at the fundamentals.
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LOL, that's *exactly* what they called it today. And then were just aghast that some stocks like CocaCola were *up* in premarket trading.

To be fair, their continued disbelief in NFT's was ahead of the curve before everyone else realized it was the modern day Amway.
 
aparch said:
LOL, that's *exactly* what they called it today. And then were just aghast that some stocks like CocaCola were *up* in premarket trading.

To be fair, their continued disbelief in NFT's was ahead of the curve before everyone else realized it was the modern day Amway.
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Sure, but this is belied by their continuous pimping of crypto. Which is basically the same thing. And pretty much everyone but the marks knew NFTs were anything but a scam.
 
Most of the clowns on CNBC are just as worthless as Larry Kudlow without the high grade cocaine.
 
rufus said:
Not necessarily. The investor class probably did see it coming and bailed already, leaving the regular schmoes stuck without a chair once the music stopped.

Same with a lot of the tech bros. They may have lost part of the value of the holdings in their companies they have in stock, but they probably also bailed on some of it early, or shorted it, or whatever else they do to leverage risk that the peons don't have access or ability to do.
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The Investor Class is the market. Individual investors like us are pebbles in the stream, perhaps even grains of sand. If the market is bad, most of the Investor Class is having a bad day, too.
 
Elmo is suing a group of advertisers who refuse to spend money on Ex-Twitter for antitrust violations. He is a friggin idiot.
 
Markets all up again today...but CNBC said the recession was coming what happened? ;)

Meanwhile rando schmuck in Minnesota who teaches Econ at a charter school and posts too often on a college hockey message board called it correctly.

Or I will just stick with...Tim Walz saved the market :p
 
Handyman said:
Elmo filed his suit in that messed up Texas District...so he is likely to win.
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I was researching this today.

Basically what I can discern is this:

If a white supremacist wants to spew vile speech on a private companies social media platform that is not only allowed, it is a violation of the first amendment to restrict it.
However, if a group of companies want to join a consortium to create optional standards for companies to follow so they do not advertise on platforms that allow vile racism to permeate and exist that apparently is fascist and anti first amendment.
 
We may need, and get, true hate speech laws with teeth, like the ones in the UK, if the fasc keep that up.
 
Kepler said:
We may need, and get, true hate speech laws with teeth, like the ones in the UK, if the fasc keep that up.
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Yeah, and I worry about that. The right never plays anything out. They reap what they sow and then after getting their way complain about the inevitable result.
 
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