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Ilovethebomb ,

I think the actual story here is more interesting than the joke, to be honest. Where did this happen?

yogthos OP ,
@yogthos@lemmy.ml avatar

it’s from an earthquake in Taiwan straitstimes.com/…/taiwan-earthquake-tilting-resi…

hottari ,

The economy has never been stronger. If you don’t count the few tech & crypto focused banks that collapsed early in the year.

BlinkerFluid ,
@BlinkerFluid@lemmy.one avatar

Blockchain hype

Dead, buried, brought back to life, shot, brought back to life again and grafted to AI, beaten with a shovel, and currently laying in its own piss hoping 2024 is better to it.

Oh and Swift is apparently using chainlink for bank transactions, although most are wondering why on earth this would make chainlink holders any richer instead of the dev team and Sergey himself.

(it won’t)

lurch ,

I don’t think those hypes are proppin up any the economy. Basic needs, like food, do. Those hypes are like the furniture in top floor of that building.

yogthos OP ,
@yogthos@lemmy.ml avatar

Sure, that’s the real economy, but the way the west measures it is largely based on how the stock market is doing.

lurch ,

I’m in the west and i don’t. I think we like to use GDP and Inflation. Those could be better, but they are not too bad. The stock market is mostly for gambling.

yogthos OP ,
@yogthos@lemmy.ml avatar

A lot of the mainstream economists in the west focus on the stock market, even of you don’t personally.

Meanwhile, GDP and inflation are not great measures either. GDP in particular is very problematic because it doesn’t measure productive labor. For example, health insurance industry is a large chunk of the GDP in US. It employs a lot of people while producing nothing for value for society

And the problem with inflation is with how it gets measured. For example, food and housing prices are growing far faster than the official inflation numbers.

OsrsNeedsF2P ,

Forgot quantum computing hype!

IzzyData ,
@IzzyData@lemmy.ml avatar

Quantum computing? That’s so 2010. 😅

Fox ,

The beam already on the ground should say “irresponsible monetary policy”

explodicle ,

That’s just blockchain hype in disguise 🥸

Fox ,

I’m talking about the Fed, but you better believe that money found its way into crypto and startups with dubious value props

explodicle ,

If the Fed can’t provide good monetary policy, then one of those value props isn’t dubious!

Fox ,

You’re not wrong

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