• 0 Posts
  • 201 Comments
Joined 2 years ago
cake
Cake day: June 30th, 2023

help-circle









  • Because no matter what proportion of the population they are, many many businesses are kept afloat by discretionary spending. Be that TVs, laptops, clothing, grooming, beauty products, heath+fitness, cars, holidays, tourism, travel, even house moves.

    These are all things that can be ‘put off a little while’ if there’s serious prospect of your money going further. Which, as OP says, slows the economy and makes deflation worse… The thing that suffers in the meantime is cash flow in these businesses (and dependent businesses) and an extended period of slow trade with no prospect of it ending would see many of them go to the wall. See: covid. Had governments not acted it would have naturally led to deflation. That’s not the reason they acted though, they pumped money into the economy because long before deflation/inflation would have been a worry bankruptcy would have cut deep into thousands of regular ‘good’ businesses. (So they over inflated and then we had globally crap price inflation but still the risk of an economy wide shut down was that bad…)










  • Comments on twitter indicate there’s weirdness however you look at it

    • suggestion of birdstrike but not landing with any configuration consistent with that

    • suggestion of loss of hydrolics but that wouldn’t prevent lowering of gear

    • landing 2/3rd of way up runway far too fast

    • no flaps extended

    Since gear and flaps are set far before runway whatever went wrong was quite far back.

    Slight possibility they had birdstrike on final approach and intended go around but then had another birdstrike and lost power (resulting in forced landing in flight configuration). shrugs