Skua

joined 5 months ago
[–] Skua@kbin.earth 2 points 8 hours ago (1 children)

How would debt to revenue be substantially different in this regard?

[–] Skua@kbin.earth 2 points 9 hours ago

It's not the deficit, no. As you correctly stated, the definition of deficit doesn't involve GDP. You could measure deficit as a proportion of GDP to compare deficits across differently-sized economies, but that'd be a different statistic. For example, imagine:

  • Australia has: GDP $1,000; government revenue $500; government expediture $600

  • New Zealand has: GDP $500; government revenue $200; government expediture $300

Both have a deficit of $100 per year. If they have been running the $100 per year deficit for ten years, both have $1000 in debt. For Australia that's a 200% debt -to-revenue ratio, but for NZ it's 500%.

[–] Skua@kbin.earth 3 points 15 hours ago

yeah but they have the inside line against it going into the next corner

[–] Skua@kbin.earth 5 points 15 hours ago

This is the duck equivalent of the guy that invented shoes with toes

[–] Skua@kbin.earth 6 points 15 hours ago

It doesn't! It's just a comment on how overused the comparisons are on the internet. To quote Godwin himself:

Although deliberately framed as if it were a law of nature or of mathematics, its purpose has always been rhetorical and pedagogical: I wanted folks who glibly compared someone else to Hitler to think a bit harder about the Holocaust.

[–] Skua@kbin.earth 11 points 16 hours ago (1 children)

A Vector is an obscure defunct car manufacturer that I only know about because it was in a Top Trumps set I had as a kid

[–] Skua@kbin.earth 21 points 17 hours ago (2 children)

OP, nobody in that thread yesterday was saying it was a good thing. When a country gets invaded, your responses are always going to be a matter of lesser evils. Apologies for Godwin's-Law-ing this off the bat, but it wasn't great that the Allies drafted hundreds of thousands of people and invaded Nazi Germany. It was still better than every other option.

[–] Skua@kbin.earth 4 points 1 day ago (1 children)

Immediately start figuring out how I can disappear. I am not cut out for the world Putin lives in.

But assuming I'm staying in the job, I find oligarchs who have been personally impacted particularly badly by western sanctions and share with them that the war has become too costly. I know I can't openly just change my mind, because too much of the apparatus below me would gut me for it and nobody on the other side would believe me. So we're orchestrating a coup against me. If you just let me fuck off, I will, and we'll set it up so that you're taking the reins off of me. Powerful figures that have legitimate grievances against the ongoing costs of the war are going to forcefully oust me and offer peace. I'll try to pick one who will actually do that. Someone who stands to profit enormously from better relations with Europe.

[–] Skua@kbin.earth 3 points 1 day ago (1 children)

Ahhh that would explain it. Thanks!

[–] Skua@kbin.earth 3 points 1 day ago

Oh hell yeah, I do a bit of this. I'll figure out how I can get involved in the community

[–] Skua@kbin.earth 3 points 1 day ago (1 children)

I can't find the original Goldman Sachs article anywhere, so I assume that it's not available free, but Reuters phrases it as "Goldman estimates a sharp slowdown in China oil demand year-over-year growth to 0.2 million barrels per day in the first half of 2024 and a year-over-year decline this summer." Based on that and how the Business Insider one contradicts itself, I assume that BI fucked up somewhere and the actual story is what Reuters said: demand growth has slowed to 200k barrels per day, and is expected to hit zero and then decline some time this year. The 300k per day number might be the prediction for how much lower demand will be at the end of the year compared to the end of last year, but Reuters doesn't say anything about that one

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