“The economy is strong”

No, it isn’t

“Incomes have never been higher”

Incorrect again

https://twitter.com/realchrisrufo/status/1878855931318198421

I love you Rufo, but this take ain’t it

Ladies and Gentlemen, it's time for another Apex economics megathread!

Today, we're going to discuss a distinct theory of interest rates and inflation, told through economic history from the 1940s to 1980s. There has been a lot of discussion in recent days over an unintuitive theory: that high interest rates may actually be *stimulating* the economy, rather than slowing it down.

How could this be? And is this theory actually all that "radical"?

YIYBYs always show their true colors (resentment and envy)

(They don’t have backyards, so call them by their proper name - they want to build in YOUR backyard) The easy solution to the housing crisis is incentivizing young families and grandparents to live closer to one another, and building up housing to facilitate this (starter homes and retirement sized homes)

But they just want to tear down the “suburbia” they despise

Forgive me for adding to The Discourse but I must add my perspective:

First and foremost, dunking on this woman is idiotic. Modern work is absurd, most “production” is meaningless, and most “jobs” are worthless.

https://twitter.com/libsoftiktok/status/1717193628194680895

I work in investment banking. I am effectively “on-call” from 7am to 2am every day, and my actual hours worked in a week typically range around 70-90. I understand the grind.

And yet, I produce basically nothing of value. I move numbers on spreadsheets and make insane $. Absurd.

As promised, a thread providing some more depth on how PE works.

In particular, we're going to delve deeper into how PE firms make money, and briefly touch on related topics - capital structure (equity vs debt), financial models, and more

1/(~40?)

https://twitter.com/apex_simmaps/status/1674250311257448449

I wrote a brief thread a couple days ago about the basics of how PE works - read that first
Today, I want to focus more on how PE makes money

https://twitter.com/apex_simmaps/status/1674229106215460870

#NowReading Imagined Futures: Fictional Expectations and Capitalist Dynamics by Jens Beckert

(Started 6/11/21) "Hope is both constituted and constitutive; it provides the emotional substratum, so to speak, of the dialectic between the old and the new, between the reproduction and the transformation of social structures"