whyrat
@whyrat@lemmy.world
- Comment on Employers added 254,000 jobs in September, blowing away forecasts 1 month ago:
This is not job openings, these are net new hires (all new hires minus all job quits / layoffs / retirements / whatever).
But, it’s not spread evenly by sector or geography. There are still areas with net losses.
- Comment on US Federal Reserve Cuts Interest Rates By Half a Point 1 month ago:
Inflation risk is more likely from a US China trade war or conflict escalations in eastern Europe or the middle east. The interest rate was a pretty blunt instrument to combat COVID induced inflation; but it’s the only one the Fed has.
I’m concerned the stock markets are already overvalued; up 17% YTD over 85% on a 5 year mark… that’s borderline bubble; throwing more cheap money at it isn’t what we need at the moment; a more cautious return to lower rates is called for in my opinion. Give the markets time to digest and use the meeting minutes to signal likely further declines.
- Comment on US Federal Reserve Cuts Interest Rates By Half a Point 1 month ago:
Larger cut than I think was appropriate at this time. Employment is cooling, but still positive. I wonder if some of the unpublished leading indicators show a more bearish picture…
- Comment on Any good games that break the mold 2 months ago:
Check out Fez if you haven’t already. Also Tunic does a great job of starting out basic & breaking precedent.
- Fed's preferred inflation gauge shows prices increased in line with Wall Street's expectations in Julyfinance.yahoo.com ↗Submitted 2 months ago to economics@lemmy.world | 0 comments
- Comment on Are LLMs capable of writing *good* code? 2 months ago:
Hackers and hobbiests will persist despite any economics. Much of what they do I don’t see AI replacing, as AI creates based off of what it “knows”, which is mostly things it has previously ingested.
We are not (yet?) at the point where LLM does anything other than put together code snippets it’s seen or derived. If you ask it to find a new attack vector or code dissimilar to something it’s seen before the results are poor.
But the counterpoint every developer needs to keep in mind: AI will only get better. It’s not going to lose any of the current capabilities to generate code, and very likely will continue to expand on what it can accomplish. It’d be naive to assume it can never achieve these new capabilities… The question is just when & how much it costs (in terms of processing and storage).
- Comment on 'Football fields' of batteries have helped Texas's grid when electricity demand is highest 2 months ago:
The reality of Texas green energy is so detached from the political rhetoric from politicians… The state making the most wind energy has leaders in the capital demonizing it while the state finances (and citizens) clearly benefit. I wish the voters of Texas paid more attention and called out such obvious gaslighting :(
- Comment on Producer Price Index News Release summary - 2024 M07 Results 2 months ago:
PPI at 0.1 brings us solidly back in line with pre-covid inflation numbers; with the 12-month at 2.2.
Core PPI still higher at 0.3 (3.3 for the 12 month period).
Certainly feels like the covid kinks have mostly worked out at this point and prices have stabilized… If there’s no shocks it’s looking much more likely the Fed lowers interest rates this quarter.
- Submitted 2 months ago to economics@lemmy.world | 1 comment
- Submitted 3 months ago to economics@lemmy.world | 0 comments
- Submitted 3 months ago to economics@lemmy.world | 0 comments
- Submitted 3 months ago to economics@lemmy.world | 0 comments
- Comment on Does voting for Biden change anything if I live in a deep red area of my state? (Ohio) 3 months ago:
Your vote is sending a signal to future elections. If Ohio has a 20-point red margin, it’s unlikely to get any attention from blue candidates. If it has a 5% margin, that changes, and suddenly the next campaign considers spending time & money to try and move the needle.
Remember the old Roman adage: “you’re not defeated until you admit defeat”. If you don’t vote: you’ve lost. If you vote, you might still lose that election but there’s a better chance to win in the future.
- Comment on Southern policymakers leave workers with lower wages and a fraying safety net: Rooted in Racism and Economic Exploitation: Part Three 3 months ago:
Almost exactly what minimum wage was supposed to address!
- Submitted 3 months ago to economics@lemmy.world | 0 comments
- Comment on Inflation is slowing, but the Fed now faces a tough choice on when to cut rates 4 months ago:
I remember when 5% unemployment was considered the target. And that we spent around a decade below the 2% inflation target.
The remaining inflation driver has been housing, which is experiencing structural issues, not necessarily what you want to try and fix with interest rates…
It’s wild to me that the current employment and inflation numbers would be some of the best of we had them before 2000 but are being prayed here as recession indicators.
Waiting on the CPI release today…
- Comment on Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy 5 months ago:
*Senator
- Submitted 5 months ago to economics@lemmy.world | 0 comments
- Comment on Does Big Ben imply the existence of a Little Ben? 6 months ago:
Same question, but for Big Red soda…