I know I've been thinking about my purchases more and going for the alternative choice instead of what I used to buy, I'm not giving the Yanks any of my money
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Sweet, let it fall more.
Ah, so it's... What... Uh... worse than 2008 now?
No. This is just one metric of many.
FDR legacy is over.
Global post WWII goodwill is over.
Done.
We need the next FDR.
That will be after the war.
After Civil War II at this rate.
Jon Stewart’s latest podcast. Buttigieg is trying to line himself up to be that guy.
Well, gross because he's not even close to that guy. He was one of the candidates who was against Medicare for all. That's like step 1, the most fundamental thing to be progressive in this day and age.
The piece that needs to be spoken loudly and often is the hospital system shrinks and nears collapse without Medicare and Medicaid. Those 2 things fund over 50% of hospital income. Think about that for a minute.
What dies first? Rural and critical access. The little places that transfer out to a larger metro hospital when you need surgery. Statistically, specialists and surgeons gather around metro locations where Level 1 and most Level 2 are located. Look up your closest hospital. If it’s Level 3 or 4, or labeled as critical access, it will be in trouble. Those hospitals rely even more on Medicare and Medicaid income to stay alive. In fact Medicare may provide subsidy to hospitals considered critical access.
What dies second? Mother/Baby, NICU, labor and delivery. The hospital units involving childbirth are all loss leaders in the hospital product line. Surgery and speciality income cover those costs.
What dies third? Jobs. Layoffs will ensue, from supply runners to nurses. I can’t imagine hospitalist staff (attending, in house, generalist doctors) won’t be cut to bare bones as well. Patients will be more unsafe due to less staff in general, those who are able to drive 100mi for services.
Yup. If you can't stand up and enthusiastically declare that you support Medicare 4 All as a fundamental right, then shut the fuck up, you're part of the problem.
Has he indicated that he's come around on that issue at all? Or still just as against it
I honestly don't pay enough attention to him to know. If he runs in 2028, we'll find out.
Mayo Pete is 100% not that guy.
Corporate media is 100% working to make people who think alternative media is pod save, believe he is that guy.
Pete doesn't get to be a candidate until he wins a federal election. Straight up. No candidate who haven't won a race at SOME Federal level or very high (state Governerships count).
You need to show you can win elections. The only election Pete was to be a small town mayor. He was awarded for the ratfucking of progressives in 2020 with a cabinet position. And its like. Fine. But go win an election Pete, a real one. Where more than 30k votes are cast.
He's the democratic equivalent of Marco Rubio.
Buttigieg is well spoken and smart. He’s occasionally, slightly left of (US) center.
I also think Buttigieg is out to help one person—Pete Buttigieg. Every interview of him that I’ve heard sounds like he’s got a vision, not for the country or humanity, but a vision for Pete Buttigieg. Especially, for Pete Buttigieg to be President.
He gives some great speeches. He’s sharp and slaps back at MTG and her ilk very effectively. And, I don’t think he’s a Newsom who will pander to bigots.
But, I can’t shake the feeling that his motives are entirely egocentric.
Now, you can argue that almost every politician has the same drawback and you’d probably be correct. He might be better than most Democrats. He might be the best option. Still, something doesn’t sit right with me.
I don't think Pete is the next FDR but if he becomes it and improves the lives of millions of people I wouldn't care about his motivations. If his selfishness/ego drove him to improve America then I'm okay with that.
But like I said I doubt that will happen.
He isn’t. Dude needs to be a governor to prove he has the chops.
What? No thank you
Lol, yes. Maybe I read it wrong. It was one of the less stressful discussions of late. He says right things. But I don’t buy that the DNC can reform itself with any of the old players.
Remind me how this is Biden's and Kamala's fault again?
Well they could've arrested the bastard in January 2021 instead of waiting a couple years to even start considering legal consequences. 5 minutes after the inauguration Trump should've had a black bag over his head. No excuses for their inaction.
The Democrats aren't the party perpetrating this evil, but they've done everything in their power to enable it, thus they share responsibility.
Something, something, genocide I assume.
No, you see, they allowed foreign brown people to die on their watch, which is obviously worse than checks notes deporting local brown people with the intent to harm as well?
/s, just in case someone finds this comment a year later.
They made the economy bad by spending too much money toward Ukraine.
... or something.
Anyway, time to occupy Gaza, invade Panama, buyout Greenland, maybe invade Canada, ramp up strikes on the Houthis, and leak the group chat planning said strikes...
oh, and goad China into an an unprecedented trade war, as they are doing full scale drills/mock invasions of Taiwan.
But its fine because Trump will end the Ukraine war on day one and is therefore the peace candidate.
... I swear to god I'd have to be beaten in the head with hammers and develop CTE to be operating on the same mental wavelength as Trump scrotum suckers.
I guess we are now officially tired of all the winning....
Yah, but only ~70% of us.
Yeah this screams recession.
Wasn’t 75 years ago the last time America was great?
America has never been truly great, it has just had the potential to be. But every minute of America's existence has included systematic exploitation and/or genocide of one group or another - Native Americans, slaves, black Americans, non-Christian religions, women, children, immigrants, workers, the poor, etc.
For whom, exactly?
This graphic is so pointless. It's extreme stupidity. Or, at best, extreme volatility for obvious reasons. Lots of other options across the whole "spedometer."
so pointless …. at best, volatility for obvious reasons.
I believe you just described “the point.”
Well, good job leaving it to me, I guess.
Sorry, I meant the point of the graph is to highlight the market’s impetus: selfishness.
Specifically, it casts investor sentiment in a negative light, where “feeling bullish” translates to “feeling greedy” and anything else is loss aversion/fear.
https://www.investopedia.com/terms/f/fear-and-greed-index.asp
The Fear & Greed Index is not just some bullshit chart, with arbitrary values, it is an index of 7 different indicators, all based on real data, all indexed together, that is to say, blended by a another formula that determines how much weight to give to each of the 7 constituent indicators.
The Fear & Greed Index Indicators
The index is based on seven underlying indicators:
Stock Price Momentum: A measure of the S&P 500 versus its 125-day moving average (MA).
Stock Price Strength: The number of stocks hitting 52-week highs versus those hitting 52-week lows on the New York Stock Exchange (NYSE).
Stock Price Breadth: Analyzing the trading volumes in rising stocks against declining stocks.
Put and Call Options: The extent to which put options lag behind call options, signifying greed, or surpasses them, indicating fear.
Junk Bond Demand: Measures the spread between yields on investment-grade bonds and junk bonds.
Market Volatility: The CBOE's Volatility Index (VIX) based on a 50-day MA.
Safe Haven Demand: The difference in returns for stocks versus treasuries.
It is presented as a speedometer... because 95% of people's eyes glaze over when they see complicated but very technically information dense graphs and graphics.
I have a decade of work experience in data analysis and reporting, making things like quarterly and annual reports for a department or entire corp or non profit, making realtime views that update based on realtime or regularly reported data...
You have to dumb things down and simplify things ... and often present data in a narrative structure, as a story, even for C Suite, upper management, the Board... because they almost always have a very low attention span.
I cannot tell you the number of times a younger, brighter eyed, bushier tailed me was... fairly politely and earnestly told by VPs or Board members that... its clear that I have a broad and deep understanding of statistics and data... but you've got to dumb these reports down to the point someone with a hangover can understand the most important information in 30 seconds.
Only other data nerds, stats nerds and accounting tend to possess the actual ability to read more complex charts without their eyes glazing over.
This speedometer presentation by CNN is pretty much the same logic used in good UI or video game design:
If some complex measurement is important and should be easily understood by the user at a glance, present that info in a simplified way that makes use of a visual metaphor or motif is rooted in something most people would have tangible experience with.
They are presenting this for the average American reader.
The average American has the literacy level of a 5th or 6th grader.
Also, it would be innacurate to describe this index as just measuring volatility.
Volatility is a component of the measurement, but there are many other components as well.... that is what an indexed metric is, a single overall 'score' produced by combining a bunch of indicators according to a set formula for how to do that.
I believe you, but having never encountered this index or representation before. I have no fucking clue what it's trying to tell me. Is it showing whether the public is fearful of the economic momentum or feeling greedy? Greed doesn't seem like a good thing.
It is not a measure of public sentiment.
That'd be like a consumer confidence measure, something that just polls the general public.
The fear and greed index is based off of technical measurements of various active markets.
Very broadly, it is telling you whether or not the financial class, investors, stock traders, corporations significantly involved in that, your 401k managers... are acting fearful or greedy.
A middling score close to 50 basically represents 'reasonable, stable growth'.
Extreme fear means market participants are acting like a significant stock/bond downturn either is occuring or about to occur.
Extreme greed means market participants are acting like a huge upswing in stocks and bonds are occuring and will be maintained in the future.
You're right that extreme greed isn't a good thing, as it usually means a whole bunch of irresponsible financial bets are being made, that will later pop, and crash.
At the same time, extreme fear is also bad... because it basically is that crash occuring.
Maybe think of it kind of like some value you get back from your blood work.
There's a generally accepted 'average' value that means you are stable, healthy.
Then, there is a range of higher and lower values that are... relatively normal, within reasonable, expected variations.
Then, there are extreme values, way outside the acceptable range, either way too high or way to low, and now its time for your doctor to start looking at treatment options.
I hope this doesn't come off as being snarky because I'm trying to give genuine advice from the audience you're probably trying to target but it'd be a good idea to include this bit anytime you're presenting that graphic:
The fear and greed index is based off of technical measurements of various active markets.
Very broadly, it is telling you whether or not the financial class, investors, stock traders, corporations significantly involved in that, your 401k managers... are acting fearful or greedy.
It does a good job of summarizing what I'm supposed to gather from the index.
It doesn't come off as snarky at all, no worries!
Genuienly... Like, I myself am autistic, and I'm willing to bet a whole lot of other data scientist type technical data sets type careerists either are as well, or are close.
What I'm trying to say is: It is genuienly difficult to be both well versed enough in the math and data... and at the same time have the requisite communication skills to present a whole lot of complex data in a way that people with less expertise can understand easily... while also at the same time not over generalizing so much that you are actually giving a just flat out false description or misleading metaphor.
I appreciate your summary of what I wrote in the last post.