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Cake day: June 17th, 2023

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  • I’m not arguing the market never comes back up, but there have been prolonged periods of time where markets do not recover to previous highs. After the great depression, the US stock market took about 30 years to recover to its previous high and continue growing (https://www.macrotrends.net/2324/sp-500-historical-chart-data). Similarly, it took Japan’s stock market 30 years to recover to its previous high (https://www.macrotrends.net/2593/nikkei-225-index-historical-chart-data) and it’s already on its way down.

    The stock market does not represent economic reality. There are too many tricks with leverage in many forms, including derivatives, which distort the true value. Too much importance is placed on this glorified casino and for the past few decades, the go-to solution has been to pump money into the system at any sign of trouble. It’s not sustainable to keep feeding this beast for the sake of the ultrawealthy who own the vast majority of it.

    A stock market crash does not necessarily mean a run on the banks. There was a run on the banks after the stock market crash of 1929 because banks were over-leveraged with loans used to pump the stock market. That same mistake is being made now, but the difference this time is the government guaranteeing deposits. There are other issues where the government may not be able to fulfill those guarantees, but at that point, is this fragile system worth keeping up? We can’t keep it up forever.

    It’s not FUD to point out that infinite growth is not sustainable. On the flipside, the permanent optimism of claiming the line will always go up in the end and not taking into account the amount of time it can take for that to happen is irrational. The key as always is to diversify, but the makeup of that diversification can vary greatly and the stability of the stock market is not guaranteed.



  • hark@lemmy.worldtoLemmy Shitpost@lemmy.worldNice try
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    18 days ago

    I wouldn’t want to rely on antacids since taking those regularly can cause problems. I generally eat something like bread or nuts and then I’m all set to take on fruits. Some fruits are better than others, since I can eat bananas on an empty stomach just fine. Either way it’s nothing major, usually mild discomfort if I eat apples on an empty stomach but maybe I’m eating too many or they’re too sour or something.











  • It may not “understand” like a human, but it can synthesize in a way that mimics — and sometimes even surpasses — human creativity.

    Calling it a “stochastic parrot” is like calling a jazz musician an “audio repeater” because they’re using notes they’ve heard before. It misses the creativity in the combination — the generative power that lies within the latent space.

    It reads like the brainless drivel that corporate drones are forced to churn out, complete with meaningless fluff words. This is why the executives love AI, they read and expect that trash all the time and think it’s suitable for everything.

    Executives are perfectly content with what looks good at a cursory glance and don’t care about what’s actually good in practice because their job is to make themselves seem more important than they actually are.