How’s the stock market?

PRCD

Tom Curren status
Feb 25, 2020
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Like I said there is plenty to be pissed off about... and by all accounts this is the tip of the iceberg with whats coming. I guess you could call metaphor on it, but seems to me that a ny post p.6 article looking to generate outrage is in all likelihood trying to distract us from whats actually going on.
What's "actually going on" that I'm missing here, taking into consideration my other posts on this?
 

menobrah

Gerry Lopez status
Feb 28, 2021
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Imagine! the outrage....maybe you can post a bible quote mixed with a graph about how outrageous it is.
 
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grapedrink

Duke status
May 21, 2011
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A Beach
You might want to rethink that. People are fleeing to big banks right now.
We all saw what happened in 2008 so I'm not sure that's a great move either. I prefer not to get nickel and dimed with fees but to each their own. If you get hit with a fee for being under a certain balance, is it even your money? :unsure:

Credit unions tend to stick with vanilla checking/savings and home/auto loans from what I can tell. As long as it's not one with a clear agenda it seems like the safest option (relative to the alternatives).
 

Aruka

Tom Curren status
Feb 23, 2010
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PNW
We all saw what happened in 2008 so I'm not sure that's a great move either. I prefer not to get nickel and dimed with fees but to each their own. If you get hit with a fee for being under a certain balance, is it even your money? :unsure:

Credit unions tend to stick with vanilla checking/savings and home/auto loans from what I can tell. As long as it's not one with a clear agenda it seems like the safest option (relative to the alternatives).
Look at mister free market banking at a credit union.

The irony of you literally not putting your money where your mouth is is great.
 
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grapedrink

Duke status
May 21, 2011
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Look at mister free market banking at a credit union.

The irony of you literally not putting your money where your mouth is is great.
Someone’s desperate for a gotcha. What difference does the ownership structure make? They operate in the black with their own funds and are very much a part of the commercial landscape.

I guess by your standard I shouldn’t shop at REI either :(
:roflmao:
 

Aruka

Tom Curren status
Feb 23, 2010
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What sort of market allows you to own a quiver of around 30 of the latest and greatest surfboards?

What kind of market would you prefer?
You love the current unstable system which is why you screech about it daily?

I love your strange obsession with my surfboard quiver btw.

Someone’s desperate for a gotcha. What difference does the ownership structure make? They operate in the black with their own funds and are very much a part of the commercial landscape.

I guess by your standard I shouldn’t shop at REI either :(
:roflmao:
No you absolutely should bank at a credit union. I bank at a credit union. They are great. I just think its ironic that you are a constant defender of deregulation and of for profit business practices in vital areas of our economy but then you choose to bank at a non profit credit union because they are less onerous and risky.

REI is an interesting one. They use all the social justice and diversity language that you hate but they are also trying to stop their employees from unionizing so you are just going to have to weigh those two factors and make up your own mind.
 
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casa_mugrienta

Duke status
Apr 13, 2008
43,209
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You love the current unstable system which is why you screech about it daily?
Before we go there, can you first answer the questions I asked - What sort of market allows you to own a quiver of around 30 of the latest and greatest surfboards? what would you prefer over the free market?
 

grapedrink

Duke status
May 21, 2011
25,938
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No you absolutely should bank at a credit union. I bank at a credit union. They are great. I just think its ironic that you are a constant defender of deregulation and of for profit business practices in vital areas of our economy but then you choose to bank at a non profit credit union because they are less onerous and risky.
Again- how the earnings are distributed is irrelevant, they are still competing in the capitalist world that needs competition to work for all of us. The irony is that the big banks are far more socialist in the sense that they have all accepted bailouts from the federal government whereas my credit union never has. Above all I am against government and business codependence and intermingling. Something the 2 main parties actively support nowadays.

REI is an interesting one. They use all the social justice and diversity language that you hate but they are also trying to stop their employees from unionizing so you are just going to have to weigh those two factors and make up your own mind.
Yes, we live in a conflicted world. We are all just trying to do our best here.
 
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Aruka

Tom Curren status
Feb 23, 2010
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Before we go there, can you first answer the questions I asked - What sort of market allows you to own a quiver of around 30 of the latest and greatest surfboards? what would you prefer over the free market?
so strange. because I own some surfboards I'm not allowed to have an opinion on our economy? you know people in other countries have surfboard quivers, right? shockingly some of them even have incomes that allow for much more extravagant purchases than a couple surfboards per year. is this like how skully shouldn't be allowed to have a home security system because he previously suggested that cops shouldn't murder black people?
 
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casa_mugrienta

Duke status
Apr 13, 2008
43,209
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Petak Island
so strange. because I own some surfboards I'm not allowed to have an opinion on our economy? you know people in other countries have surfboard quivers, right? shockingly some of them even have incomes that allow for much more extravagant purchases than a couple surfboards per year. is this like how pico shouldn't be allowed to have a home security system because he previously suggested that cops shouldn't murder black people?
So you won’t be answering the question or providing any real solutions…just criticism and anger at the “free market,” whatever that actually is…
 

hammies

Duke status
Apr 8, 2006
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Interesting that the Fed has not really been able to slow down the economy (and inflation) with their interest rate hikes, but they have been able to devalue bond asset values and put the fear of Jesus in the banking system. I can see a cruel twist of irony where a frozen banking system causes a much worse recession than they ever thought would happen with their rate hikes.