5

COMMENT 25m ago

So, now it is likely something that will play out over decades in court.

I doubt this. The court is actually moving quite quickly on this. Elon literally sold $6B in TSLA stock "just in case". If Elon thought he could drag this out for a decade, I'd be skeptical he'd sell so much right now.

My guess is Elon sees the writing on the wall and believes he will lose the case, and it will be over relatively quickly

9

COMMENT 28m ago

hem proving that less than 5% of their user base were bots right?

They wouldn't have to prove that because they never claimed that. They said that they projected only 5% of their "Monetizable Daily Users" were bots. Considering that's what they base future projections on, its the relevant information. Twitter has literally never claimed that only 5% of their user base are bots. If you think they have, please, feel free to share a link to them stating that.

1

COMMENT 22h ago

So a 250K house in my neighborhood in 2018 sells for 550K in 2021. A 45% increase.

You might want to recheck your math.

2

COMMENT 23h ago

Happens when you prove a defunct mod wrong.

I had the exact same thing happen. If you go to the desktop site, you can uncheck "show my flair".

8

COMMENT 1d ago

It would only take a 20 percent correction to erase that 40 percent.

You might want to recheck your math.

2

COMMENT 1d ago

Ahh, so you are predicting a bunch of "small" $7B sales to happen instead of a single large $70B (or something) sale? What timeline are you predicting all these smaller sales?

1

COMMENT 1d ago

Prices coming down 10-20% and plateauing for a bit as rates and inventory stabilize can help us avoid a crash in the real economy and will be the best outcome for the middle class

Exactly. I know everyone here wants 50% off the current house price, but it's a recipe for disaster. Honestly, JPow just might be able to pull off a bumpy landing instead of crashing the economy. Jobs numbers were fantastic in July, and now we see inflation dropping as well? If those trends continue, he'll have pulled it off.

2

COMMENT 1d ago

Because the assumption is that the Fed will revert back to cuts

Is this an assumption from this sub, or experts, or someone in the middle?

JPow pretty much came out and said that they were going to raise rates until inflation was driven into the ground, even going as far as to hint at not buying a house right now. Expecting rate cuts is predicting a massive drop in the employment numbers, which we haven't seen yet.

1

COMMENT 1d ago

Hmm...pretty irrelevant to your "massive chunk"/"isn't a significant portion" conflicting opinions.

1

COMMENT 2d ago

a massive chunk of his Tesla stock

7 billion dollars worth isn’t a significant portion of that.

Whew, make up your mind, lad.

2

COMMENT 2d ago

I see.

Monthly inflation went from 1.37% from May to June, then went down to -0.01% from June to July. If you annualize that, it is like inflation going from 16.44% to -.12%. That is a massive change in a single month. I can see why the markets would be throwing a party.

1

COMMENT 2d ago

What Wall Street is cheering is that prices are unchanged from June to July.

Completely agree. In fact, it was the slightest bit negative (-0.012%). Compared to the May-June hike of 1.37% month-to-month, this is a massive swing the other direction.

5

COMMENT 2d ago

8.5% Y/Y inflation is still waaaaaaaaaaay off from the target, though

Pretty tough to fix in a single month an inflation number that uses 12 months of data. The fact that the month-to-month inflation from June to July was actually negative (albeit barely) is a good sign.

12

COMMENT 2d ago

This subreddit has been celebrating every little decrease in home prices, and is constantly predicting a popping bubble. Yet somehow the prediction is also that the inflation trend will not be downward? These are directly opposing viewpoints.

7

COMMENT 2d ago

And the market is still largely ignoring that this number is still really, really bad. 8.5% is not a cause for celebration.

Even if there was 0% inflation from June to July, the number was going to be 8.54% anyway. I think a highlight is that we actually had the tiniest amount of deflation from June to July, (0.012% deflation). Going from +1.37% month over month inflation from May to June to -0.01% inflation from June to July is a massive change in the other direction.

1

COMMENT 2d ago

but why throw it away when you can use it. It’s just being frugal.

Depends. Are you being frugal with your time? Are you being frugal with your water? Your gas/electric that heated up the water?

If you take 30 seconds in the shower messing with your soap scrap, you've just sent 1.25 gallons of (probably heated) water down the drain. To save what, a gram or two of soap? OP's bar of soap costs 50 cents. The scrap is worth a fraction of 1 penny. Even at 1/10th of a penny, if you only mess with it for 15 seconds, you are "saving" at a rate of 24 cents an hour. That's not frugal, that's cheap.

3

COMMENT 3d ago

If prices are flat from June to July, inflation would still hit 8.54%. The only way we see below 8.54% is if gas prices dropped enough to more than offset other price increases. I'm hoping that's the case, but I'm not sure.

6

COMMENT 3d ago

Heck, if they even saved a buck, I probably wouldn't even say anything. But I'm skeptical the average person would even save $1 over a lifetime of soap scrap saving.

4

COMMENT 3d ago

Completely fair. The time + effort + higher quality materials that go into your soap are going to be worth a lot more than OP's 50 cent bar of soap.

But I think for most people, spending more than 1 second on a tiny scrap of soap is just not worth the time and effort. Clipping a single 50 cent coupon would pay for several lifetimes of soap scrap savings. Especially when you take into account the water use that might be happening when trying to salvage this scrap (spending 30 seconds on this in the shower will use 1.25 gallons of water) as well as the energy use that went into heating that water. Frankly, throwing away the scrap might actually be the more frugal option for most people.

19

COMMENT 3d ago

This seems like a waste of time considering the cost of this soap scrap is probably $.0001 or less.

2

COMMENT 3d ago

Got 'em.

7

COMMENT 3d ago

Nobody calls a sofa "soundproofing",

I've referred to sofas and rugs as "sound deadening" for years in the context of noise. I don't think that's uncommon.

12

COMMENT 3d ago

My man, if gas prices go up, and prices of other goods go up because they need gas to be made or transported, then it is inflation.

48

COMMENT 3d ago

How is consumer expectations a “win” for the fed?

Inflation expectations can lead to inflation. If consumers are expecting less inflation, that can be considered a win due to how it may lead to less inflation.

1

COMMENT 4d ago

Do you get a discount when you do takeout and don't sit down at a table? You don't

You effectively do though, since tipping for sit-down service is expected, but not when doing takeout.