TheImpressiveX@piefed.socialM to movies@piefed.socialEnglish · 1 day ago‘Spider-Man’ Beats ‘Avengers: Endgame’ as ‘Brand New Day’ Climbs to $360 Million, the Biggest Opening Weekend in Box Office Historyvariety.comexternal-linkmessage-square26linkfedilinkarrow-up189arrow-down16 cross-posted to: marvelstudios
arrow-up183arrow-down1external-link‘Spider-Man’ Beats ‘Avengers: Endgame’ as ‘Brand New Day’ Climbs to $360 Million, the Biggest Opening Weekend in Box Office Historyvariety.comTheImpressiveX@piefed.socialM to movies@piefed.socialEnglish · 1 day agomessage-square26linkfedilink cross-posted to: marvelstudios
minus-squareWhatAmLemmylinkfedilinkEnglisharrow-up10·edit-21 day agoIt’s not supposed to, but even the target interest rate of 2% per annum is ridiculous when you think about it. It means $1 = $1.20 after a decade, and after 50 years $1 = $2.70. 357(1.02)^7 = 410 M so we’re actually almost double the target.
minus-squareLastYearsIrritant@sopuli.xyzlinkfedilinkEnglisharrow-up5arrow-down2·24 hours agoASSUMING your salary goes up with inflation, which is the idea… You bought a house with 2026 money. You’re still paying that same mortgage with 2046 money. 20 years of inflation, but your debt remains the same (as you pay it off) If everything is functioning as intended, inflation encourages debt and spending, which drives the economy.
minus-squareandyburke@fedia.iolinkfedilinkarrow-up8·23 hours agoOk, but your assumption is demonstrably untrue on average for about the last 50 years or so.
It’s not supposed to, but even the target interest rate of 2% per annum is ridiculous when you think about it. It means $1 = $1.20 after a decade, and after 50 years $1 = $2.70.
357(1.02)^7 = 410 M so we’re actually almost double the target.
ASSUMING your salary goes up with inflation, which is the idea…
You bought a house with 2026 money.
You’re still paying that same mortgage with 2046 money.
20 years of inflation, but your debt remains the same (as you pay it off)
If everything is functioning as intended, inflation encourages debt and spending, which drives the economy.
Ok, but your assumption is demonstrably untrue on average for about the last 50 years or so.