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washparkhorn

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Posts posted by washparkhorn

  1. 5 minutes ago, wildcat09 said:

    Dems need some moderate candidates to run in moderate districts. But "moderate" doesn't mean Republican-lite candidates that run against the Democratic party.  Find some people that embrace universal values and know that the path to winning is attacking Republicans for being weird freaks who hate the American people, not explaining why they're a nicer Republican and nothing like the rest of those horrible Dems.

    Amen. 

  2. So . . . LBRY is a security? 
     

    The cryptotoken LBRY credits (LBC), issued by LBRY, a blockchain-based content hosting service, is legally a security according to a decision today from the U.S. District Court for New Hampshire.

    In a decision for summary judgment in favor of the Securities and Exchange Commission in the case SEC v. LBRY, Inc., which began in March 2021, U.S. District Judge Paul J. Barbadoro insisted the company violated Section 5 of the Securities Act of 1933 by selling its tokens without registering with and obeying SEC requirements for the legal sale of securities.

    . . . A rub in this decision that seems to be unnerving the crypto token community the most, a strong hint that those other digital assets might not remain "untouched" by the SEC for long, is it implies that any pre-mined token—which the issuers keep quantities of without spending money before releasing it into the marketplace at large—is thus obviously a security under SEC definition.
     

    https://reason.com/2022/11/07/cryptotoken-lbc-is-legally-a-security-federal-judge-declares-and-requires-regulation-by-the-sec/

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  3. 2 hours ago, 956 Worldwide said:

    The GOP is gleefully hoping the economy and everything else melts down, and working towards that goal, because it’s been seized by chaos gremlins who view anger and instability as a route to unchecked power. 

    There’s the rub. Win or lose, Repubs will fuck around with the debt ceiling and ignorantly shatter confidence in the USD as the most favored reserve currency.  That becomes the abyss for the US as we know it. 

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  4. Fed should make clear that rising profit margins are spurring inflation

    Companies have taken advantage of circumstances to lift prices

    https://www.ft.com/content/837c3863-fc15-476c-841d-340c623565ae

    The writer is chief economist at UBS Global Wealth Management

    In the world’s financial markets, US Federal Reserve chair Jay Powell is increasingly cast in the role of playground bully — looming over the prostrate form of the global economy and chanting “hike, hike, hike” with malicious glee. US policy rates are rising relentlessly.

    However, Powell’s public remarks offer little insight into how he expects higher rates to tame inflation. The omission matters as the current policy tightening will have an impact through an unusual route. That is because today’s price inflation is more a product of profits than wages.

    F524AEC3-2FD9-4BBE-849D-ACD471D8C0F6.thumb.jpeg.ae52a38786e16607075667281cbe2448.jpeg
     

    The UBS chief economist is looking specifically at whether this is a wage/price spiral. It’s not, according to him.

    It has become lazy-thought for the Fed to raise the specter of a wage/price spiral and insinuate wages as the cause of inflation. They must do that because the inflation fighting tool they deployed crushes demand via unemployment - regardless of the cause for said inflation. It will work and create pain for most. But robust employment is not the primary cause. 

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