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Cake day: June 15th, 2023

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  • Because if Apple MIGHT need to bump up the price of an iphone, you can be sure that everyone is going to crank the prices up themselves. Same with oil and gas prices where it doesn’t matter where a gas station sources fuel from, they are gonna bump up the prices.

    With the iPhone they’d run into the price elasticity limitations. If the cheapest new iPhone is out of reach to consumers, they’ll find a substitute that doesn’t enrich Apple (that may be an Android , or a used Apple phone ).

    With oil and gas, those are less elastic. People need to get to work/school and need to heat their homes/water.

    As for why we haven’t seen much volatility yet? People are doom spending.

    You’re right, this is the most likely answer I think.




  • partial_accumen@lemmy.worldto196@lemmy.worldDon't Rule
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    17 hours ago

    Eventually it might because we’re human, cheap and, stupid.

    1. tire is slowly deflated
    2. driver doesn’t notice it and drives on the flat damaging the sidewalls or driver does notice it but drives on the flat anyway to get to safety/a repair place
    3. reason for deflation is found and corrected.
    4. tire with damaged sidewall is refilled with air and driven on.
    5. At some point in the future, under stressful conditions that the tire normally could handle the sidewall gives out in a catastrophic blowout.





  • Not exactly analogous to our scale here with Norway, but if the goal was less meat consumption by the population, my answer would be: yes. There would unambiguously be one fewer meat eater. Norway’s achievement is many more orders of magnitude greater, meaning real change, and real impact on fewer emissions being generated.

    I think you’re under the mistaken impression that if Norway shut off all petroleum exports that emissions would fall and stay down. They wouldn’t. Other petroleum producers would simply ramp up production to fill the gap in supply. So what you’re proposing is the worst of outcomes. You appear to have Norway not transition to EVs, but shut down petroleum production.

    You’re proposing an outcome of higher emissions, which is contradictory to your goal of fewer emissions.



  • Sure, but it won’t be with that mindset. Entrenched interests will fight tooth and nail, and typically win yielding ZERO reductions and often expansions of pollution.

    Cap and Trade works, and we have a real world experience showing it. Here’s a great example from the 1980s in the USA fighting acid rain pollution (Sulfer Dioxide emissions into the air)

    "The stated purpose of the Acid Rain Program was to reduce total annual SO2 emissions in the US by ten million tons relative to 1980, when total US emissions were about 26 million tons. In a departure from conventional environmental regulation, the legislation did not prescribe how power plants would reduce their SO2 emissions. Instead, with a phase-in beginning in 1995 and culminating in 2000, the statute capped aggregate SO2 emissions at the nation’s 3,200 coal plants and created a market for firms to buy and sell government-issued allowances to emit SO2. " source

    We could have had 15 years of CO2 emissions reductions starting in 2010, but your idea of “needs to reduce ASAP” worked to kill it then. source.


  • Those graphs make it look scary but clearly the stock market had trended upwards.

    I don’t disagree, but if you’re needing money in a emergency, you don’t have the luxury of waiting weeks/months/years for it to trend upwards.

    If you’re using your emergent fund within a year or two of putting the money in, I would argue it’s not an emergency.

    I don’t understand that logic at all. The very definition of an emergency is that it is unplanned for, and you can never know when it happens.

    Bail is a weird thing to be planning for and I don’t think you have the timeline right on how quickly bail is set.

    I’m not planning on bail being needed. I’m using that specifically as an example specially because no one plans for it, which is the point of an emergency fund.

    But my main point was to simply put money aside at even the smallest amount rather than make excuses.

    You and I are in complete agreement on this point.

    Putting it in an investment account rather than a savings account sitting right next to your checking account is too easily to access. The withdrawal delay can be a feature. The balance of the emergency fundis not something one should be seeing or thinking about as often as one sees and thinks about their bill payment account.

    YMMV, I don’t necessarily think this is true for everyone, but I concede it likely is for a portion of the population. I admit this can be a valid point.

    Even if one is only comfortable using a saving account, I would still suggest using a separate financial entity.

    I agree with this too. One other emergency that can happen is your banking credentials being breached/identity theft, and it will take some time to sort out. If you at least have a second bank where your E-fund sits, you can live on that while your primary gets sorted out.


  • at lan parties using 10base2 networks and

    “Anyone have another BNC terminator? Oh, also the IPX network number we’re using is 11111111.”

    Rendition Verite video cards

    Nobody could afford the Canopus, it was a room full of Sierra Screamin’ 3D cards at best

    with a side of 3dfx.

    A dedicated 3D card in addition to a good 2D card?! We’d dream, but didn’t have that kind of cash.



  • This always felt like banker advice to me. That’s an insane percentage of cash to have sitting in an account that’s earning less interest than the rate of inflation.

    First, if you’re getting less than 3% on your savings account rate, find a better bank (or even better a credit union).

    Second, you will find that there are times in life when having cash you can lay your hands on immediate solves problems that nothing else can. An extreme example: if you need to get bailed out of jail or retain a lawyer right now, the stock you have in your portfolio is going to take more than 24 hours to liquidate and get transferred into your checking account you can pay the court or a bondsman. More than likely its closer to 48 for the market to open to close your position and perform a wire transfer to get the cash in your hands. A less extreme situation may be a desperate car repair or a dental root canal.

    Lastly, you really don’t want your emergency money in volatile stocks. Even an boring S&P500 index fund is a bad choice, why? Because there are times of financial crisis that can drive down the value of your stocks or mutual funds. Its entirely possible that is the time when you’re going to need cash to float on. Selling at the bottom of the market in a crisis is a bad place to be. This was many people’s situation in 2007/2008 during the financial crisis where the market tanked the second worst in US history, and people were losing their jobs left and right.

    S&P500 returns over the last 100 years:

    source

    All those red years would mean your desperately needed emergency fund is worth a fraction of what you put into it.





  • …wouldn’t it be funnier if he did start explaining

    Funnier yet would be if logarithmic curve right before the intersection of the linear curve was a projection. Then the following dialog in the frames following:

    Researcher on the left: “Sure! See we’re dealing with multiple forces and…”

    awkward pause (frame with no dialog)

    Interested person on the right: “Then what? Why did you stop explaining?”

    Researcher on the left: “I just realized we just now hit the intersection of the curves.”

    Everyone’s a critic, right?