dank69
Lifer
- Oct 6, 2009
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We throw away enough food in the US every day to feed the entire world. The entire world's population could live inside Texas without exceeding the population density of NYC.
- Aug 4, 2000
- 30,796
- 2,620
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That is the classic comeback.
They always bring up Texas and say all humans can live there. Since this will never happen it's easy to say.
But reality is food, water, affordable housing, well paying jobs are all in short supply as is. We are even putting sand in danger! (Google it)
It the Earth were the size of Texas there would be zero quality of life and we likely would have all killed each other over resources anyway. People crawling all over each other like roaches. Eww.
Quality of life is rather low in high density cities like NYC. You can live in a closet for several thousand per month and eat ramen 3x a day if you are single.
AdamK47
Lifer
- Oct 9, 1999
- 15,675
- 3,529
- 136
To answer my own question, it's Azure. Investors wanted to see growth where there was none.
Torn Mind
Lifer
- Nov 25, 2012
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The food burden can be mitigated if suburbanites and rurals grow casual gardens for themselves. It also saves money because certain foods carry a steep markup, like blackberries. Now, there are matters like nutrient depletion, use of fertilizer, etc. But since home gardens are not strictly for profit, there isn't the pressure to maximize yields at all costs.
Water is a locality-dependent issue. In desert areas, local aquifiers, then yes, water is a concern. But if it's an area with free, consistent rain, well it's hard to argue there is a crisis when reservoirs are full.
- Aug 4, 2000
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Not to belabor the point (beat a dead horse), but here is a glimpse of what life is like in the overcrowded nation of Sri Lanka today:
A nation on the brink of bankruptcy, an annual 14% inflation rate, not enough flood and medicine to go around, a ban on car sales which has caused used cars to be worth more than homes, etc.
And a snapshot from 2019 of the countries fighting for enough water.
Bloomberg - Are you a robot?
www.bloomberg.com
Things have worsened since then. Even America's Colorado river is in trouble:
What Happens When The Colorado River Runs Dry?
The water system supplies water to 40 million people. What happens if it dries up?
www.sciencefriday.com
Last edited:
Torn Mind
Lifer
- Nov 25, 2012
- 12,046
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It seems that based on the article you present, Sri Lanka's issue is one of foreign exchange; a currency crisis of sorts from COVID causing a lack tourists visting.Not to belabor the point (beat a dead horse), but here is a glimpse of what life is like in the overcrowded nation of Sri Lanka today:
A nation on the brink of bankruptcy, an annual 14% inflation rate, not enough flood and medicine to go around, a ban on car sales which has caused used cars to be worth more than homes, etc.
And a snapshot from 2019 of the countries fighting for enough water.
Bloomberg - Are you a robot?
www.bloomberg.com
View attachment 56545
Things have worsened since then. Even America's Colorado river is running dry.
If the Colorado River keeps drying up, a century-old agreement to share the water could be threatened. No one is sure what happens next.
“We could get there in four to six years,” said water and climate scientist Brad Udall about the possibility of a compact call on the Colorado River.www.cpr.org
They also wanted to go full organic and dump the use of fertilizer and pesticides.
Sri Lanka's issues are clearly a modern problem of being dependent on the global economy to live a "higher life". The collective has a green and "socialist" bent, even being a full welfare state before transition to a free market economy in 1977.
Sri Lanka - Wikipedia
en.wikipedia.org
Also, no one but themselves approved of the policy to develop infrastructure to the point of bankruptcy.
Also, their population pyramid is not inverted, thus their governmental financial crisis is not because of a failure to have a taxable base to fund seniors and their SS.
https://en.wikipedia.org/wiki/Demographics_of_Sri_Lanka
And personally, I say fuck them because one of their spawn made $150 off my back for some dental Xrays and displayed predatory behavior.
AdamK47
Lifer
- Oct 9, 1999
- 15,675
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- 136
- Aug 4, 2000
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We always get a bounce. Since the Fed is unlikely to raise a full 1-2% today like it should, on oversold bounce is likely.
However the question is after the Fed makes a measured case for raising today, will next month jobs report shock the shit out of the market again and the worries over rates drag down the 10% rally we see in the next few days?
You really can't trust things right now if you are trying to short term trade.
This probably explains the volatility.
In the end, even if rates go back up to 2% it's not the end of world. But because the fed is likely to drag its feet doing it, by the time we get there next year the normal business cycle of contraction will likely be in play for 2023, which will likely call for easing again.
Stupid Fed.
However the question is after the Fed makes a measured case for raising today, will next month jobs report shock the shit out of the market again and the worries over rates drag down the 10% rally we see in the next few days?
You really can't trust things right now if you are trying to short term trade.
This probably explains the volatility.
In the end, even if rates go back up to 2% it's not the end of world. But because the fed is likely to drag its feet doing it, by the time we get there next year the normal business cycle of contraction will likely be in play for 2023, which will likely call for easing again.
Stupid Fed.
AdamK47
Lifer
- Oct 9, 1999
- 15,675
- 3,529
- 136
dullard
Elite Member
- May 21, 2001
- 25,913
- 4,502
- 126
People that dislike Biden want a recession, thereby "proving" their political views.
AdamK47
Lifer
- Oct 9, 1999
- 15,675
- 3,529
- 136
There is certainly a lot of pent up negativity. Don't know if politics has anything to do with it. I try my best to avoid negativity and therefore the P&N forum.
The market is so detached from reality that I'm not sure a stock market crash would have that much impact on the actual economy.
Fed didn't really change their message on claiming to do hikes soon but left some wiggle room. A small pop in stocks but not much. We'll see if it lasts.
The March meeting is the important one. Current "odds" are 95% for a hike. They will need to come up with a good excuse then.
The March meeting is the important one. Current "odds" are 95% for a hike. They will need to come up with a good excuse then.
AdamK47
Lifer
- Oct 9, 1999
- 15,675
- 3,529
- 136
Hit a stop limit on TSLA at $950 for all 180 shares. Didn't think it would hit that after I set it just after 2PM. Put it there to be safe for when old man Powell was to speak. I was hoping it would stay high and go higher into tomorrow. Oh well. I made an easy gain off of it.
- Aug 4, 2000
- 30,796
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- Aug 4, 2000
- 30,796
- 2,620
- 126
AdamK47
Lifer
- Oct 9, 1999
- 15,675
- 3,529
- 136
That would take one heck of an earnings report. I'll have to miss out on it then.
- Aug 4, 2000
- 30,796
- 2,620
- 126
- Aug 4, 2000
- 30,796
- 2,620
- 126
AdamK47
Lifer
- Oct 9, 1999
- 15,675
- 3,529
- 136
I really did think investors would react positively to Tesla's earning report or else I wouldn't have bought.
My thinking at the time was the markets would be higher up to and through the 2PM fed report release. That would add a tailwind for a positive TSLA report. It obviously fell apart with Powell saying things that triggered investors. Good thing I had guardrails in mind.
My thinking at the time was the markets would be higher up to and through the 2PM fed report release. That would add a tailwind for a positive TSLA report. It obviously fell apart with Powell saying things that triggered investors. Good thing I had guardrails in mind.
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