🎓 Dr. Freemo 🇳🇱 @freemo@social.cleverlibre.org

My new #chess board is here!

@realcaseyrollins

Now for comparison check out this article showing the relationship of QE and inflation. Not only does QE very closely match the inflation rate but youll notice this continued inflation spike was well predicted and expected before it even took off 3 years ago. No corporate profits needed nor matters:

https://www.cfr.org/blog/why-fed-bond-binge-will-boost-inflation-1

@geekysteven

@realcaseyrollins

By the way here you can see a chart showing the relationship bertween corporate profits and inflation. You can see in the past there is very little relationship between them: https://randomterrabytes.net/2022/05/22/inflation-and-corporate-profits/

Now the real question is why did we have those huge corporate profits seemingly out of nowhere during a downturn in the economy... I answered this already, it was QE.

So again it is **not** the profits thats is to blame, it is something totally unrelated (QE) that happened to have the side effect of **artificially** increasing corporate profits. This injection of free money caused inflation, not the profits themselves.

@geekysteven

@realcaseyrollins

If they are at record profits after adjusting for inflation then that is an indication of a healthy economy despite inflation.

You have to remember inflation is **not** an indication of an unhealthy economy in the present, though if it is excessively high it will produce an unhealthy economy in the future of course.

You can have inflation and still have a thriving economy, making inflation adjusted profits is largely unrelated to any inflation.

@geekysteven

@realcaseyrollins

With inflation, if there are no other factors or economic issues, then wage/salary increases along with cost of things. The end resultis that companies make more in dollars and cents, and charge more, but people make more income by an equal portion.

If you make x2 the amount but everything costs x2 the amount are you really making record profits? We usually adjust for inflation for exactly this reason.

@geekysteven @mrman

Oh shit! My Chessnut Chess board I ordered is arriving 2 days earlier than the tracking number suggested... should be here today! This is a pleasant surprise. Super psyched.

@realcaseyrollins

Depends, are we talking inflation adjusted profits, or non-inflation adjusted?

@geekysteven

@EverMama8_

Professional data scientist here. Hate to say it but no this study wasnt the bombshell the OP claims. In fact, it is fairly weak as far as studies go, ill explain.

It is probably not saying what you think its saying for quite a few reasons. Not the least of which being that this is not a double-blind study, nor does it determine infection rate through actual tests. It is **self-reported** data via surveys. Meaning the number of infections is not objectively verified, it is left up to the person to both know and provide. This has quite a few issues

1) A fairly high rate of infections are asymptomatic, meaning most people never know about most of the times they have gotten covid
2) A person who gets and knows they get covid but does not have significant symptoms is less likely to wind up in a hospital or be exposed to the study
3) People lie
4) The study doesnt even ask the person to cite known infections but to include **suspected** past infections.

Then there is the fact that the linerality of the test wasnt really able to be carried out with the low number of data points. So we cant really tell if its asymptotic or not.

Just for the fuck of it I got too of my very old (must be 20 years old at least) PDAs working. Both were Windows CE based, two models of Cassiopia brand.

These things are so old in fact they have no bluetooth or internet connections built in at all. Only way you can connect to a network is with a PCMCIA network card (which I dont have). So cant really do anything with them of use. Still its really cool playing with them again even if just momentarily.

@OGjester Nah I've come to your comments to defend people who are not nazis but seen talking to one.

@niclas Totally wrong domain:

https://en.wikipedia.org/wiki/Description_logic

@realcaseyrollins

Mostly wrong. Inflation isnt caused by a desire for profits and cant cause that in and of itself. Where they show a hint of truth is it **can** cause inflation in the scenario you have a monopoly. I have mentioned before we need strong monopoly enforcement.

In fact I already mentioned the inflation was about to happen right before it happened. Anyone who understands economic models knew this was coming and we knew exactly why, and it isnt the large companies.

We had the entire economy shut down, we were about to have an economic crash. We traded an economic crash for inflation by engaging in Quantitative Easing. Anything other than QE as an excuse for why it is happening is severely disconnected with the reality.

@geekysteven

@realcaseyrollins

Well they say a lot of things that dont understand.

@geekysteven

@geekysteven

Tell me you dont understand how economies work without telling me you dont understand.

@kmic Wait, how would someone else having a lottery ticket make it so my ticket is any less likely to match their numbers.

I mean sure it may mean its more likely I have to share the winnings, but my odds of winning should be unchanged.

Does anyone off hand know what the S stands for WRT the description logic family (The one that is equivalent to ALC with transitivity).

#math #Maths #Mathematics

@futurebird Not sure #5 is the best approach, also not sure if this would sell... BUT, I would buy it. I am probably the exception, but I certainly would.