What is going on today? - Megathread

UN had to delete a tweet of their article that basically said that starvation gives African children a good work ethic

:joy:

1 Like

Now that’s one I’d like to see :joy::joy: Poor social media manager!

1 Like


3 Likes

I do feel a little for the person who said that. I can imagine that they stated what the cold hard fact was (that hungry people are the most productive) without considering how awful it sounded in a PR context. Unfortunately, as a Company Secretary with pretty much no knowledge of diplomacy or marketing, I’m exactly the kind of person who occasionally puts my foot in it in that kind of way…

1 Like

I think it’s due to the cynical nature. People are productive for many reasons. But this isn’t a nobody, it’s the United nations…

They actually tried to pass it off as satire in twitter, allegedly.

edit: also, a starving person isnt productive, so i cant say i agree that its a cold hard fact 100% of the time @1anrs

1 Like

JPM’s 3Q22 Guide To The Markets is out

2 Likes

“Hungry” as opposed to “starving” I think, but I generally agree it wasn’t a good statement to make publicly.

Starving people are fairly ‘unproductive’ forgive the chewy boring video below, it comes from Professor Mr Beast Esq. He tried not to eat for 30 days … it’s not easy.

Weird I never watch popular YouTube stuff, but I did watch that video a couple of days ago

1 Like
4 Likes

Oooh, is that hope I see on the horizon? :pray:

1 Like

Like with recession, needs more than one point to be meaningful.

This might just be including the increased fuel/food costs as ‘new spending’ when energy direct debits went up unexpectedly, and people hadn’t realised food did the dame

2 Likes

Today’s US inflation data will be interesting; hopefully we’ll see signs of a peak :crossed_fingers:

The oil markets will let you know

USA CPI 9.1

:joy:

1 Like

I wonder if retailers having sales to get rid of stockpiles is the reason.

That would be deflationary. It’s housing and oil

Not sure why this is such a surprise to the forecasters. We’re seeing signs of slowdown in certain areas, some commodities, shipping and €zone but this is last few weeks. Data won’t feed through to headline in the US for another month and even then will need to be sustained.

Must be drinking a few too many Pina Coladas in the summer heat…

Because we’ve had free money, most top level positions are full of decadent idiots who are going to get a geopolitical punch in the face.

Other news: Bank runs in China still going strong, actual CCP / Bank protests, CCP sends in goons to beat up and disperse mums, dad’s and kids. Others have had covid passes turned red to stop bank runs and protests.

That’s on top of the coming housing collapse.

https://archive.ph/9Ctkd

1 Like

Today my ISA was in profit for the first time since I started it in April, it lasted a few hours lol. Currently 0.7% down but was 10% down last week.
Maybe they will drop again soon, UK and US interest rates are expected to go up over the next couple of weeks and some think a recession is coming.
I wish I had a crystal ball lol.

6 Likes