The fed is raising rates and bailing out its friends that get in trouble because of it. The rest will have to fend for themselves. And its not even having an impact on inflation unless it would be much higher now otherwise.
I shot my credit rating in the head by intentionally just barely paying enough (and sometimes outright skipping) on my bills so I can buy more Bitcoin.
Wish SN had a friends list or people you can follow when they post. Just got major help for my umbrel node on SN and I would like to follow his posts or reach out to ask questions when I have issues
I remember reading that war was suppposed to be good for the economy caus it creates jobs and when things get destroyed it needs to be rebuilt which creates economic activity. But today the IMF suggested the war in Ukraine is the primary reason for a slowdown in the world economy. So which one is it :p
The conflict has contributed to the current energy shortage. It's not just the war in Ukraine that is the cause, but it definitely is a contributing factor -- especially when you include U.S. sanctions against Russia. Less energy means higher prices for energy, higher prices for energy means a lot of things, including less production (due to lower demand, or because the product cannot be produced at the higher cost of energy + inputs), lower profits (from companies paying higher energy costs), etc.
This is a global energy crisis so nearly every country will essentially drop a notch down as a result.
Yesterday I was supposed to work on the porch but I've decided to make some changes in the plan and leave the porch for the end. In the beginning I wanted the cabin and the porch to be covered with a single roof. Now, the change is that the porch will have a separate, lower, flat roof. More sun will get through the top front window and we'll be able to chill on the roof on sunny days 😄