Balazs Lajtha
@lajthabalazs.bsky.social
#saintjohn 🇨🇦 resident, citizen of the world, active transit and government owned housig enthusiast.
https://medium.com/@lajthabalazs
https://medium.com/@lajthabalazs
The top 10% of earners now account for half of consumer spending in the US.
www.cnn.com/2025/09/18/b...
www.cnn.com/2025/09/18/b...
The Fed just cut rates. But relief might not come quickly enough for some Americans | CNN Business
The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening inequalit...
www.cnn.com
September 18, 2025 at 10:54 PM
The top 10% of earners now account for half of consumer spending in the US.
www.cnn.com/2025/09/18/b...
www.cnn.com/2025/09/18/b...
Meaningless consumption rises when people feel miserable. And now the world's second largest ad company is try to push people into "a better future" with a paradigm shifting product. It's the Metaverse all over again.
July 31, 2025 at 10:51 AM
Meaningless consumption rises when people feel miserable. And now the world's second largest ad company is try to push people into "a better future" with a paradigm shifting product. It's the Metaverse all over again.
Qanon had one thing right: the world is run by powerful business interests. But why did they think those people were pedophiles? Thinking that people who have infinite money will surely use it to have sex with children tells more about the desires of Qanon then about the cabal.
July 20, 2025 at 10:59 AM
Qanon had one thing right: the world is run by powerful business interests. But why did they think those people were pedophiles? Thinking that people who have infinite money will surely use it to have sex with children tells more about the desires of Qanon then about the cabal.
Trump's strategy is to use tax cuts to grow the economy faster than the resulting debt growth. Meanwhile interest payments are ballooning, reaching 1T per year.
Wage growth has detached from economic growth a long time ago. Now services the working poor were relying on will be cut to pay interest.
Wage growth has detached from economic growth a long time ago. Now services the working poor were relying on will be cut to pay interest.
July 7, 2025 at 12:10 PM
Trump's strategy is to use tax cuts to grow the economy faster than the resulting debt growth. Meanwhile interest payments are ballooning, reaching 1T per year.
Wage growth has detached from economic growth a long time ago. Now services the working poor were relying on will be cut to pay interest.
Wage growth has detached from economic growth a long time ago. Now services the working poor were relying on will be cut to pay interest.
Day 1 without Facebook. So far the only benefit: no multitasking while watching Brit Box.
July 1, 2025 at 10:08 AM
Day 1 without Facebook. So far the only benefit: no multitasking while watching Brit Box.
Looks like we're doing elbows down at the end. What a wuss. I thought he only scrapped the carbon tax to get elected. But looks like helping big US businesses Carney's his brand. www.reuters.com/world/americ...
Canada rescinds digital services tax in a bid to advance trade talks with US
Canada has rescinded its digital services tax in a bid to advance trade negotiations with the U.S., Canada's finance ministry said in a statement on Sunday.
www.reuters.com
June 30, 2025 at 6:47 PM
Looks like we're doing elbows down at the end. What a wuss. I thought he only scrapped the carbon tax to get elected. But looks like helping big US businesses Carney's his brand. www.reuters.com/world/americ...
Day 0. without Facebook. This morning I logged out.
June 30, 2025 at 12:44 PM
Day 0. without Facebook. This morning I logged out.
Delivering world peace, one crusie missile at a time.
June 23, 2025 at 3:30 PM
Delivering world peace, one crusie missile at a time.
Amazon tried to manufacture FOMO by making the Nintendo Switch 2 invitation only, so of course I applied. Got the good new that I can spend $699 if I hurry. I let it expire. Applied again and got invited the same day.
It's not 2020 anymore.
It's not 2020 anymore.
June 17, 2025 at 4:53 PM
Amazon tried to manufacture FOMO by making the Nintendo Switch 2 invitation only, so of course I applied. Got the good new that I can spend $699 if I hurry. I let it expire. Applied again and got invited the same day.
It's not 2020 anymore.
It's not 2020 anymore.
People love to cite The Wealth of Nations, and the theory of comparative advantage when they argue that cheap consumer goods should be made overseas.
Cheap labor is not a comparative advantage. Having a poor population willing to work for scraps is a temporary setback.
Cheap labor is not a comparative advantage. Having a poor population willing to work for scraps is a temporary setback.
June 16, 2025 at 10:55 AM
People love to cite The Wealth of Nations, and the theory of comparative advantage when they argue that cheap consumer goods should be made overseas.
Cheap labor is not a comparative advantage. Having a poor population willing to work for scraps is a temporary setback.
Cheap labor is not a comparative advantage. Having a poor population willing to work for scraps is a temporary setback.
Right wing populists hate educated people, and promise that everyone will get rich. Left wing populists hate rich people, and promise that everyone will get an education. No wonder Trump won.
May 30, 2025 at 10:55 AM
Right wing populists hate educated people, and promise that everyone will get rich. Left wing populists hate rich people, and promise that everyone will get an education. No wonder Trump won.
If you're shielding your children from reality, you're not protecting them: you're making them more vulnerable.
May 20, 2025 at 10:22 AM
If you're shielding your children from reality, you're not protecting them: you're making them more vulnerable.
Looks like Trump figured out how to push an already hot economy over the edge. Constant fear and uncertainty will keep people spending. He only has three years to go.
May 12, 2025 at 12:13 PM
Looks like Trump figured out how to push an already hot economy over the edge. Constant fear and uncertainty will keep people spending. He only has three years to go.
Trump might just get that opportunity to earn a Nobel Piece Prize.
May 10, 2025 at 2:10 AM
Trump might just get that opportunity to earn a Nobel Piece Prize.
There's a difference between not being able to buy a house, and not being allowed to buy a house. It's not the Liberals who limit your "right" to home ownership. It's your employer that makes it unaffordable for you.
May 5, 2025 at 12:25 PM
There's a difference between not being able to buy a house, and not being allowed to buy a house. It's not the Liberals who limit your "right" to home ownership. It's your employer that makes it unaffordable for you.
Canadians who claim they are opredsed, but promote Trump's USA: they don't want personal freedoms. They just want to be the oppressors.
May 5, 2025 at 12:22 PM
Canadians who claim they are opredsed, but promote Trump's USA: they don't want personal freedoms. They just want to be the oppressors.
When people move from a rental unit to another, maybe a realtor gets a $2,500. When they sell and buy another, realtor gets $16,000, lawyer gets $1,000, bank gets $12,000.
Which one is the real scam: renting or owning?
Which one is the real scam: renting or owning?
May 5, 2025 at 12:04 PM
When people move from a rental unit to another, maybe a realtor gets a $2,500. When they sell and buy another, realtor gets $16,000, lawyer gets $1,000, bank gets $12,000.
Which one is the real scam: renting or owning?
Which one is the real scam: renting or owning?
It must have felt good to hate during the first Trump administration. But now, actions have been following the words, and other countries are sobering up. After Canada said no to Poilievre on Monday, Australia has just voted against the Coalition. Cherry on top: both party leaders lost their seats.
May 4, 2025 at 5:42 AM
It must have felt good to hate during the first Trump administration. But now, actions have been following the words, and other countries are sobering up. After Canada said no to Poilievre on Monday, Australia has just voted against the Coalition. Cherry on top: both party leaders lost their seats.
Tesla is offering Model Y owners a £2,000 discount towards the new Model Y. The thing is, the oldest Y is only 5 years old. Musk is getting desperate.
electrek.co/2025/04/25/t...
electrek.co/2025/04/25/t...
Tesla (TSLA) brings back FSD transfer, offers $2,000 loyalty discount amid demand crisis
Tesla (TSLA) is reintroducing Full Self-Driving (FSD) transfers and offering $2,000 loyalty discounts on the new Model Y to existing...
electrek.co
May 4, 2025 at 5:27 AM
Tesla is offering Model Y owners a £2,000 discount towards the new Model Y. The thing is, the oldest Y is only 5 years old. Musk is getting desperate.
electrek.co/2025/04/25/t...
electrek.co/2025/04/25/t...
The wait is over, Twitter account finally cancelled. Musk didn't make it easy to break free.
May 2, 2025 at 12:55 PM
The wait is over, Twitter account finally cancelled. Musk didn't make it easy to break free.
For those thinking of takeing advantage of the "official" TRUMP coin. There's only two ways out of a Ponzi-scheme: you're the sucker left holding the bag, or you find a bigger sucker who will end up loosing more. You will either become a poor looser, or a rich asshole.
April 24, 2025 at 4:42 PM
For those thinking of takeing advantage of the "official" TRUMP coin. There's only two ways out of a Ponzi-scheme: you're the sucker left holding the bag, or you find a bigger sucker who will end up loosing more. You will either become a poor looser, or a rich asshole.
Shoutout to @frame.work ! I just replaced a motherboard that they sent free of charge after way after the warranty period expired (it was a sporadic issue that started a year ago, but got worse).
April 21, 2025 at 11:12 AM
Shoutout to @frame.work ! I just replaced a motherboard that they sent free of charge after way after the warranty period expired (it was a sporadic issue that started a year ago, but got worse).
The 2025 version of "show me your search history".
April 17, 2025 at 12:23 PM
The 2025 version of "show me your search history".