Recent comments in /f/nottheonion

brian2funny t1_jcyh2y0 wrote

The best way is to never tell anyone and if you know something and its not your business, forget about it. If you can. They couldn't trust anyone. They didn't know if their neighbours, friends or anyone else would, or someone else would tell the Germans . A secret is not a secret if more than one knows.

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PlayTheHits t1_jcyggkg wrote

To his credit, Abagnale prefaces his book by saying he interweaves fiction with the facts. The genius is he never specifies what percent of the writing is what and invites you to fill in the blanks. Naturally most of us like the romantic idea of the sympathetic conman and decided that 90% of what he said was true. Then, upon learning this is not the case we feel (gasp) conned.

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magenta_placenta t1_jcybaah wrote

How about the SVB CEO lobbying to reduce risk regulations:

https://www.theguardian.com/business/2023/mar/11/silicon-valley-bank-weaken-risk-regulations-svb

Or SVB executives mass dumping their shares 2 weeks before collapse:

https://www.newsweek.com/silicon-valley-bank-ceo-sold-million-stock-before-collapse-1787062

Or SVB executives getting millions in bonuses hours before takeover:

https://www.cnbc.com/2023/03/11/silicon-valley-bank-employees-received-bonuses-hours-before-takeover.html

As always, the shit rolls downhill. Tired of this clown world yet?

But nah, it's definitely remote work's fault. Weak risk management is solved by c o l l a b o r a t i o n.

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RSomnambulist t1_jcy84l5 wrote

This hasn't been true since the pandemic. The supply crunches have been used to obfuscate margin increases as a test to see what the market will allow before they react. We've proven that we'll keep buying and throw nearly all the blame at inflation and supply chain regardless of it often being the smallest part of a particular items inflation. This is true of most food stuffs increases to prices.

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Central_Control t1_jcy6lr8 wrote

I got a doz large eggs for $2.50.

I don't see what the problem is. Yeah, prices raise over time. Especially when driven by greed and disease.

What else is new? Big fucking deal. The reason we can't afford eggs isn't because of a small price raise to eggs. It's because rich people aren't paying their fair share in society, and it ends up taking all the gained wealth out of the system.

The orange asshole's tax cuts for the rich have kicked in, and you're feeling it. Now you're going to feel it for the rest of your life. Enjoy.

5

SilasX t1_jcy6i66 wrote

I don't like appealing to "want to increase profits" as an explanation for price increases. They are always wanting to increase their profits, so it doesn't help explain any particular price surge.

Generally what stops arbitrary price increases is the fact that it draws competitors into the market. So if you see them succeeding in increasing profits, it's because said competitors can't or won't, and if they can't, then that's rightly called a legit supply shock.

Now, if there were actual cartel schemes to hold supply down (the "won't" branch), that would be a valid explanation for malevolent price increases, but even then, that mechanism should be what you're appealing to, not "lol greed".

Edit: Economically ignorant people in this thread, don't bother.

1