https://old.reddit.com/r/politics/comments/196oanr/why_are_americans_so_gloomy_about_their_great
/h/peakpoors
911roofer
he/him
Always a wallflower, never a wall
10mo ago
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#237917
Why are Americans so gloomy about their great economy? : politics
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911roofer
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I see the poors are pretending to be big wallet niggas again est. 2016
Hello, welcome to 'I see the poors are pretending to be big wallet gangstas again'
This hole exists as a safe space for refugees from the Facebook(MetaTM groups of the same name. Of which there have been several iterations. We mostly exist to poke fun at the state of living in poverty. While it oftentimes is unavoidable, we do aspire to not be meanspirited. Over the years we have co-opted the term 'Peak Poor' to being someone who exudes poverty, regardless of their actual net worth. Trump and Elon both exhibit the peak poor ethos from time to time while still being the top 0.000001%. You can do something peak poor and still be a good person or a generally adjusted one. We all have a bit of poor in us.
We basically fill a niche similar to fatpeoplehate with a bit less actual malice.
PeakPoor is shotgunning mountain dews at 5 years old.
PeakPoor is not people dying of poverty. While technically the greatest heights of poverty is succumbing to it this is not funny, and is a failure
of capitalism. We do not make fun of poverty to be mean spirited such as that.
Read the room, if it's punching down too hard or really digging into someone whos a sympathetic character it doesn't belong here. (basically READ THE ROOM)
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Subscribe to this hole, it's important that we get our numbers up. Love numbers = peak poor
Bonus points for making your post title some variation of peak poor. (Pinnacle of Poverty, Prowess of the Penniless)
I am looking for a mod who will help me grow this place and encourage the facebook community where the majoryity of our members reside
to migrate. Contact me if interested.
I really do love you all so very much, i'm even spending drama coin to get some banners and marseys. thanks for being a part of the community.
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Couldn't possibly be because the yield curve has inverted. And that it's a reliable indicator of a recession.
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This seems farcical, but does it roughly mean that the government considers itself in desperate need of money immediately, but assumes that any day now they'll be just fine and wont have to offer high rates anymore?
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Not really. The US government issues bills/notes/bonds (I'll just say bonds from here on) via auction with different frequencies depending on how quickly they mature. Basically, anyone can pay the federal government less than $100 for the promise to receive $100 at some point in the future. Once that bond has been sold, that person can then sell it to someone else. The market prices for bonds of different maturities forms the yield curve. In a healthy market, longer-term bonds will always have a higher yield (that is, you pay less for the right to receive $100 in the future) because you have to wait longer before the government gives you $100. What an inverted yield curve means is somewhat contested, but the gist is there's a drop in demand or increase in supply (or some combination) of short-term bonds that causes their price to drop relative to longer-term bonds, which increases their yield.
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Thank god for some useful conversation here. Thanks.
Inverted yield curve can be also be explained by an expectation that rates are temporarily high and will fall. People got used to unusually low rates over the past generation and seemed surprised they could ever rise, that might drive the expectation that "normal" rates are around 1%.
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