Tech stocks taking a beating all year.

These numbers are totally not credible.

>a musician, an artist, an actor, and an activist.

Ah. Around here we just call that "unemployed".

>Amazon or instacart

I certainly wouldn't recommend that. But I doubt there's a school district in the country that's not hiring drivers, offering paid training. For just one example.

On an annualized rate June would have been 10%. You don't go from 7.5 to 9 in 6 months, from 5.3 the year before, from 0.6 the year before that without realizing that this is a trend that leads to 10 and far beyond.

Letting inflation get out of control is absolutely an "underlying economic problem" that can take years of austerity to repair.

Your focus seems to be on conservative media blaming Biden for having to cure the economic problems that began and sprung out of decisions made before he took office. On that I agree. He was set up. Inflation had been rising and accelerating since May of 2020, before he was even elected. It was further aggravated by a great deal of helicopter money before he sat in the big chair. It's not his fault. And frankly getting inflation under control isn't to his credit either, except from discipline to not push for more stimulus in an inflationary economy. That job is mainly handled by the Federal Reserve and he didn't appoint them. But Presidents get credit or blame for the economy anyway.

It's definitely post pandemic ripples and war in Europe. And QE+ZIRP. We seem to be transitioning to more of a saver economy now than an excess credit consumption one. I think long term that's best for everyone.

Some banks make money off of mortgage originations. Somebody buys a house and they write the mortgage and get a healthy spiff. Then they turn around and sell the mortgage before the ink is dry and make bank.

No mortgages, that money is gone. When mortgage rates go up as fast as they have there stops being new mortgages. When they go up higher than they have been for a decade the refinance mortgage business completely halts.

What you describe is "stagflation". We tried it in the 80's and yes it will crush the economy. Also, 5 points is absolutely brutal to the poor.

True, it isn't. But it was. It peaked at 9.06% yoy in June as the interest rate hikes beginning April started to have an impact.

https://www.rateinflation.com/inflation-rate/usa-inflation-rate/

https://fred.stlouisfed.org/series/FEDFUNDS

I disagree. With inflation approaching 10% and looking to get sticky the potential for a hard crash was there. The Fed was slow to react but seems to be on the money with the intervention. Having seen how they handle these things for a long time, such a measured response was never guaranteed. They could have hosed it up and they seem to have not, so far.

Also real time streaming hard factual data on global consumer spending second only to Walmart.

??? It has been years since full employment here. Where are you that the job market sucks?

Amazon has access to one of the world's largest supercomputer clusters with considerable AI resources. They employ world class financial analysts and economists to help guide their capital investments. I sincerely doubt they're up there in their alien balls pod stretching a graph with a sharpie.

Wood. The original carbon fiber.

They promised us hovercraft.

Yeah. The battey mafia ninjas get them because they didn't buy ninja insurance.

Eventually they will stack them like flash memory.

https://en.wikipedia.org/wiki/Enhanced_Position_Location_Reporting_System

The prototype for GPS was ground based of course. Obviously it's not global.

It is. And as the lightest gas what sum of it that is released into the atmosphere and doesn't react with other chemicals drifts off into space.

In the US 95% of hydrogen production is through steam reforming natural gas (the fossil fuel I spoke of). https://www.energy.gov/eere/fuelcells/hydrogen-production-natural-gas-reforming

Why is it done this way? Because although hydrolysis is cleaner it consumes vast amounts of electricity that would then be produced by fossil fuels, and is otherwise more costly to do. Electrolysis electrodes also are not free. It turns out that the electrodes for hydrogen are quite costly for various reasons.

Now you can say "I would pay more for the green hydrogen". But you can't credibly say that corporations would pay more for an element than they have to - even if they pinky swear that they will. And even if they did, that makes the hydrogen vehicle not cost competitive with the car that stores the electric source energy in lithium batteries rather than in hydrogen gas.

I remember there was a country that tried this with Google before. Some old school country in Europe, famous for art and surrender. I would post a link to the news article about it but for some reason I can no longer find any evidence the country ever existed.

Don't click! Hyperlinks are thought crime.

Hydrogen is a fossil fuel. All you're doing with a hydrogen car is hiding the emissions from the driver, and paying an extraordinary cost in danger and inconvenience to do so.

If you make your product suck so hard that amateur hour on YouTube for free is more entertaining, you should expect to lose customers.

Let's not talk about seafood. Seafood catching and processing is slavery and cruelty free. Those factory ships are practically Caribbean cruise lines.