/r/economy
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/r/economy
We've all read about historic boycotts in protest of something like taxes, but what if we turn on our "We the people" brains and turn off our hyper-consumerism brains and boycott these dang corporations?
We tend to forget these companies- and I'm not just talking about the Forbes 500- depend on us, solely us, the consumers, as their profit margins.
If this is the case, and it is, if we stop buying their **** for 2 weeks, a month, 90 days or so, they [The companies] will 1) lose money and 2) HAVE to do something! What is that something?
Lower the dang prices of whatever we're not buying in protest of their insultingly outrageous prices!
Thoughts?
I've seen many economists and speakers citing Chile as the role model on how to run an economy of a country. Under specific economic model and ideology, Chile transitioned from an under-developed to a developed (not so but kinda borderline) country. Moreover this change in economy led to the change in political power, the military had to leave after the economic reform (or whatever) completed.
But... just do a reality check here. Asian tigers namely Japan, South Korea, Taiwan were far ahead of Chile during the developing phase in almost every aspect, whether in term of growth. overall productivity, economic diversification, etc.
China's economic growth has left Chile in the dust. I know the term "Miracle of Chile" coined by someone but if you think Chile economy is a miracle, what China has done in the past few decades ? A beyond miracle ??? Not only that China dictatorship is not gonna loosen its grip anytime, soon.
Currently Chile economy is still heavily dependent on Copper and Lithium mining. Well, i don't think that's the ideal of what a developed country is supposed to be.
What's so special about Chile ? or it's just another right winged propaganda ?
Ok, so hypothetically lets say we know for sure a recesion, downterm or financial crisis is coming in 10 months.
stemming from to US to the rest of the world, after living through the 2008 recession you have some recollection but you were to young to understand or even take interest in this global event.
my main question is if by some miracle you know for sure its going to happen again in 10 months how would you layout a plan to take full advantage from it, like
In General PREPARING for what is coming, lets strategize:
PREPARE
↓
HOLD or WITHSTAND
↓
TAKE ADVANTAGE
↓
?????
Please give any imput you would like as long as it is constructive, base it on what you personally would do or what is mathematically correct, just throw ideas in there, if you participate or not in this excersise id like to thank you for your time for even reading it.
Have an awesome rest of your week!
How many rate cuts do you see in 24? Are you coming to cut around the election? Are we at peak rates? How many rate cuts do you see in 24?
Why don't they ask stuff like:
How has the ending of the bank term funding program affected the liquidity of the banking system given that rates are higher than when it started?
How much of an affect has the draining of the reverse repo counteracted quantitative tightening and restrictive policy, and how do they consider movent in or out of that facility when determining appropriate pacing for rolling assets off their balance sheets?
Why were uninsured deposits secured for republic first? Was a 6 billion dollar bank a systemically important bank that could have led to contagion?
Any cons to Autarky?