Economics - science, theories, programs, and policies

I suggest 1488%.

8 Likes

That point comes up a lot during this short interview with Robert Reich:

13 Likes

tedious terminology warning: the media is often referring to a surcharge that Canada is placing on exported electricity to the states as a “tariff”. it’s not, as far as anyone i know of is aware, a “tariff” if it’s out-going. a tariff is an import tax (which we all know ends up being paid by the consumer). if we permitted out-going charges to be called tariffs then trump’s blather that he is placing this “tariff”/charge on another country might have some standing - and we don’t want that (i don’t think)

example in dubious-ity:

Canada Slaps 25% Tariff on Electricity to Americans in Three States

“If the United States escalates, I will not hesitate to shut the electricity off completely,” Doug Ford said Monday.
By Matt Novak Published March 10, 2025
The leader of Ontario, Canada, made good on his threats to slap a 25% tariff on electricity sent to neighboring U.S. states on Monday. The tariffs are a direct response to President Donald Trump’s tariffs against Canada, a form of economic coercion with the goal of making Canada a state or territory of the United States.

addendum(dumdum): it’s possible that “tariff” originally meant charges going either way, as a generalized duty for crossing a border, but as of ~1900ish the US and UK designated a “tariff” to mean an import tax
-sigh-

14 Likes

As always, Reich gets it.

9 Likes

He’s been amzing lately-- Solnit, HCR and other bright lights too. Maybe we’re not quite at a point yet where, while the worst are full of passionate intensity, the best lack all conviction.

11 Likes

Yeah, it’s good to know that there are so many people willing to call shit out for what it is.

9 Likes

Ugh, is that true?

10 Likes

I have no idea. I’m not even sure what that means. All I know is I’ve lost, on paper, about $700 since the inauguration.

12 Likes

https://www.nasdaq.com/articles/a-beginners-guide-to-dark-pool-trading#:~:text=Trading%20Volume%3A%20As%20of%20February,U.S.%20as%20of%20February%202020.

“ Dark Pool Trading: Key Statistics

  • Trading Volume: As of February 2022, nearly half of all trading activity occurred in dark pools and off-exchange venues. For some stocks like GameStop, dark pool volume exceeded 50% of total trading on certain days.
  • Number of Dark Pools: Over 50 dark pools were registered with the SEC in the U.S. as of February 2020.
  • Growth Trend: Dark pools’ market share grew from 4% in 2005 to 18% by 2015.
  • Order Size Trend: Average order size in dark pools decreased from 430 shares in 2009 to about 200 shares in 2013.
  • Regulatory Action: In 2016, major financial institutions were fined over $150 million for violating federal laws in dark pool operations.”

Shit.

14 Likes

Huh. Yeah, that shouldn’t even be legal. More rigging of the system by the large institutional investors. I love how casually the drawbacks of dark pools are presented there:

  1. Lack of transparency
  2. Potential conflicts of interest

No shit. Which is exactly why they should be illegal. Goddammit capitalism sucks.

15 Likes

Thinking that we’ll see a small rise in the markets this morning as is not unusual after a big drop. Then another slide later or tomorrow.

IMG_8885

15 Likes

:thinking:

11 Likes

Late car payments hit highest level in decades-

https://thehill.com/business/5183840-late-car-payments-record-high/

With so many Americans living in places that need a car to live and work, that’s an awful lot of people right on the brink.

13 Likes

I’m worried about how many are on the brink of living in their cars, moving them around to avoid all the overnight parking restrictions and repo efforts that are probably much more efficient with all the tech baked into newer vehicles. Increasing fines for non-moving violations and criminalization of camping (if the vehicle is lost) also puts them at risk for incarceration. :cry:

14 Likes

One of Spouse’s “shadow indicators” of looming recession is the fact that the proportion of cars on the road with un-repaired minor damage is way up. If you’re trying to scrape by, you don’t invest the $$$ in getting that fender fixed (or even risk increasing the cost of your insurance coverage by claiming it).

14 Likes

During the 2008 crisis, the one thing that :us: 's did not default on was their car payments.

12 Likes
10 Likes

The Liberal Redneck talks about recent market turmoil, Elno, and Tesla:

9 Likes

If you think the current outlook is bad, just wait until the White House can’t find anyone to buy its debt, warns Ray Dalio

16 Likes

You know what really scares me about this? What often happens when you see this kind of economic collapse is just how much the violence ends up turning inward toward vulnerable populations, or just whoever is deemed “the problem”… Things are looking nasty now, but they could look even worse with a complete and total collapse of our economy.

16 Likes