Black Echo

Technology, Economics, Innovation

[Black Echo @blackecho75]

@sandylanceley 100%

The opportunity cost of everyone spending their money on high mortgages and not elsewhere is extraordinary

[Black Echo @blackecho75]

@ausstockchick The most egregious thing about all this is that it’s so unnecessary.

The real economy (honest people creating things, trading among each other, providing services, providing value to society) has been ruined by this absurd made up financial alchemy.

[Black Echo @blackecho75]

@thittythot Real

[Black Echo @blackecho75]

@aussi3dutchman @SantoshiNak What I’m saying is that both parties in unison with the RBA over the decades are collapsing our currency. Saying it’s either labor or liberal is silly.

[Black Echo @blackecho75]

@jordanhknight_ Case to be made that our economy cratered *due* to this

[Black Echo @blackecho75]

@nntaleb @sheykhesharzin When is your book coming out Nassim? Looking forward to it

[Black Echo @blackecho75]

@SantoshiNak Yes, but recall that during covid scomo printed AUD like it was confetti.

[Black Echo @blackecho75]

@MarioSp68666461 @ausstockchick 100%

[Black Echo @blackecho75]

@hippo_sock @DeceptionImmac @ausstockchick Someone gets it, well done.

[Black Echo @blackecho75]

@nuckythompson8 @Sam031290569275 @ausstockchick That’s precisely the issue. Savers and asset owners will benefit from rate increases and happy spend more and pay higher prices, further driving inflation. Borrowers/mortgagees are already pulling back as much as possible

[Black Echo @blackecho75]

@nuckythompson8 @Sam031290569275 @ausstockchick Stop who spending?

[Black Echo @blackecho75]

@Sam031290569275 @nuckythompson8 @ausstockchick Why? Practically speaking will it do? Transfer more money from borrowers to savers?

[Black Echo @blackecho75]

@DeceptionImmac @ausstockchick Where does the money go? How does the supply “shrink”? Does it get burned?

I believe it just changes hands

[Black Echo @blackecho75]

@AlpacaAurelius This is a possibility I can see happening, albeit in the next few years. If I can hack literally everything we might go back to how things use to be. >20-30% chance

[Black Echo @blackecho75]

@lorenzographik @grok_builder @grok The internet didn’t suddenly disappear because of the dot com bubble. Investors who hyped in late got wiped out and the technology steamed ahead.

[Black Echo @blackecho75]

@roseknowsxx You will regret not having kids.

People still had kids when we were dropping nukes on each other in WW2.

Don’t wait for perfect conditions to have kids because it will never arrive.

[Black Echo @blackecho75]

@NoelWhittaker You mean to tell me that something like shelter can’t grow in price exponentially for ever?