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Chebucto Regional Softball Club

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  3. Video games spending by young Americans is dropping sharply, report suggests
A forum for discussing and organizing recreational softball and baseball games and leagues in the greater Halifax area.

Video games spending by young Americans is dropping sharply, report suggests

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  • ? Guest
    It's good, there's been a few major updates adding new zones, better NPCs, animals, more gear/weapons, and so on..
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    Guest
    wrote on last edited by
    #188
    At least it is still being updated and just happy to hear it hasn't gone dark like most other Early Access titles.
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    • ? Guest
      At least it is still being updated and just happy to hear it hasn't gone dark like most other Early Access titles.
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      Guest
      wrote on last edited by
      #189
      Yeah they're making steady progress on major updates, and releasing patches for bugs and tweaks in between.
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      • A absolutelynotavelociraptor@sh.itjust.works
        Or even better, play an old game that you still haven't played. I can get titanfall 2 for the price of a coffee and play it for the first time if I'm craving for a good AAA fps.
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        Guest
        wrote on last edited by
        #190
        And even today's potato PCs can run old AAA titles just fine.
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        • ? Guest
          It's a two part answer. One, gamers have less money to spend, along with everyone else. Two, expensive AAA title games these days tend to be shit, from a graphics, code, community, and content standpoint. If you want good games, cheaper is usually better. Last AAA title game I bought was Borderlands 3, and I don't see myself buying anymore in the next two years or so.
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          Guest
          wrote on last edited by
          #191
          I got shadow of mordor on a huge discount and it still barely felt worth it.
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          • ? Guest
            That and broad, massive economic collapse in basicallt every other sector, at least in the US.
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            Guest
            wrote on last edited by
            #192
            I'm a younger millennial and bought just under 2 years ago. At like peak interest rates... Other than cost of houses what would a crash mean to the economy anyway?
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            • ? Guest
              I'm a younger millennial and bought just under 2 years ago. At like peak interest rates... Other than cost of houses what would a crash mean to the economy anyway?
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              Guest
              wrote on last edited by
              #193
              Uh, in a few words: Great Depression 2.0, potentially worse. The dollar has lost roughly 10% against all other currencies, because we are a debt laden nightmare that is either going to or beginning to default, going to not be the world currency / favored safe asset nation for bonds. And we produce basically nothing tangible, we import a lot, so... everything gets more expensive. Also we functionally just fired all our construction workers and farmers via ICE raids, so food goes up in price a lot, probably shortages, ie, famine... and we can't actually build any new houses or warehouses or office buildings or anything without much higher cost, from both imported materials and higher labor costs... Oh right and the dollar tanking generally means oil, gas goes up in price, so anything involving logistics is now considerably more expensive. Oh and basically everyone in the bottom 2/3rds by income distribution is in massivr amounts of debt, so, garnished wages, reduced consumer demand... Yeah, I could go on, but I am quite serious when I say this could actually be worse than the Great Depression. ... I hope to god you didn't buy in roughly the lower 1/3rd of the country, almost all of those areas will be uninsurable within 10 years due to more frequent and more severe climate/weather events. SoCals gonna burn down, Florida's gonna sink/melt into the ocean, get washed out by hurricanes.
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              • ? Guest
                Uh, in a few words: Great Depression 2.0, potentially worse. The dollar has lost roughly 10% against all other currencies, because we are a debt laden nightmare that is either going to or beginning to default, going to not be the world currency / favored safe asset nation for bonds. And we produce basically nothing tangible, we import a lot, so... everything gets more expensive. Also we functionally just fired all our construction workers and farmers via ICE raids, so food goes up in price a lot, probably shortages, ie, famine... and we can't actually build any new houses or warehouses or office buildings or anything without much higher cost, from both imported materials and higher labor costs... Oh right and the dollar tanking generally means oil, gas goes up in price, so anything involving logistics is now considerably more expensive. Oh and basically everyone in the bottom 2/3rds by income distribution is in massivr amounts of debt, so, garnished wages, reduced consumer demand... Yeah, I could go on, but I am quite serious when I say this could actually be worse than the Great Depression. ... I hope to god you didn't buy in roughly the lower 1/3rd of the country, almost all of those areas will be uninsurable within 10 years due to more frequent and more severe climate/weather events. SoCals gonna burn down, Florida's gonna sink/melt into the ocean, get washed out by hurricanes.
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                Guest
                wrote on last edited by
                #194
                I live in the UK, but our economy seems to generally follow the US except without any increase in productivity for over a decade and wages are trending towards minimum wage.
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                • ? Guest
                  I live in the UK, but our economy seems to generally follow the US except without any increase in productivity for over a decade and wages are trending towards minimum wage.
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                  Guest
                  wrote on last edited by
                  #195
                  Ah. Well, as you can see, I am most familiar with the US economy... but uh... broadly speaking, ya'll did the whole Brexit thing, and as best I am aware off the top of my head, ya'll are a bit more economically intertwined with the US than most of the rest of the EU... So, as the US collapses, that'll disproportionately affect the UK as compared to other Eurozone economies, the financial / currency / bond market situation in the US will 'contagion' over to the UK faster, as will demand collapse for material goods and services. But, I'd have to look over UK econ data in detail to be more specific than that. Out of curiosity, can I ask what you approximatelty paid for the house in the UK? One weird thing that could start happening is that as the US dollar devalues... is that people/corporations with mostly USD will start trying to buy homes in places that they expect will have relative currency appreciation compared to the USD... basically, slow or long term currency arbitrage via homes as mainly financial assets.
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                  • ? Guest
                    Ah. Well, as you can see, I am most familiar with the US economy... but uh... broadly speaking, ya'll did the whole Brexit thing, and as best I am aware off the top of my head, ya'll are a bit more economically intertwined with the US than most of the rest of the EU... So, as the US collapses, that'll disproportionately affect the UK as compared to other Eurozone economies, the financial / currency / bond market situation in the US will 'contagion' over to the UK faster, as will demand collapse for material goods and services. But, I'd have to look over UK econ data in detail to be more specific than that. Out of curiosity, can I ask what you approximatelty paid for the house in the UK? One weird thing that could start happening is that as the US dollar devalues... is that people/corporations with mostly USD will start trying to buy homes in places that they expect will have relative currency appreciation compared to the USD... basically, slow or long term currency arbitrage via homes as mainly financial assets.
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                    Guest
                    wrote on last edited by
                    #196
                    £230k which is on the cheaper end, got a small bungalow. A fair few people here already dislike Londoners buying property and driving up prices because they earn more than the local population can. Tourist destinations get it particularly bad. I think a few parts of Wales have increased council tax (similar to property tax) for second homes that are left empty. An empty house doesn't contribute to the local economy.
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                    • ? Guest
                      £230k which is on the cheaper end, got a small bungalow. A fair few people here already dislike Londoners buying property and driving up prices because they earn more than the local population can. Tourist destinations get it particularly bad. I think a few parts of Wales have increased council tax (similar to property tax) for second homes that are left empty. An empty house doesn't contribute to the local economy.
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                      Guest
                      wrote on last edited by
                      #197
                      £230k is approximately $315k... Yeah, in the US, that's significantly on the cheaper end as well, broadly speaking... i think what you call a bungalow is roughly what we'd call a starter home... but the problem in the US is... we don't really build those anymore, the construction companies can only turn a profit by making larger homes, that are also built to very shoddy standards. That and the only areas with $315 or lower as a median home price are quite poor, with terrible economies and no reasonable transportation options... and the US largely murdered remote working after the corpos realized it would make their commericial office values collapse. US median home sale price, over the whole US, is about $425k as of May, about £315k. Maybe that will change after the whole housing market crashes, but that level of specificity is way too hard to meaningfully predict. As to a second home tax... yeah you would think this we be an obvious thing to do, to combat gentrification, or at least make it have more fair broad social impacts... but here in the States, nearly nowhere actually does it, and there are a ton of legal loopholes and bs you can do to get around it. Instead, a lot of places actually encourage second homes with tax incentives and write offs for getting one... because... entrepreneurship, or something.
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                      • ? Guest
                        £230k is approximately $315k... Yeah, in the US, that's significantly on the cheaper end as well, broadly speaking... i think what you call a bungalow is roughly what we'd call a starter home... but the problem in the US is... we don't really build those anymore, the construction companies can only turn a profit by making larger homes, that are also built to very shoddy standards. That and the only areas with $315 or lower as a median home price are quite poor, with terrible economies and no reasonable transportation options... and the US largely murdered remote working after the corpos realized it would make their commericial office values collapse. US median home sale price, over the whole US, is about $425k as of May, about £315k. Maybe that will change after the whole housing market crashes, but that level of specificity is way too hard to meaningfully predict. As to a second home tax... yeah you would think this we be an obvious thing to do, to combat gentrification, or at least make it have more fair broad social impacts... but here in the States, nearly nowhere actually does it, and there are a ton of legal loopholes and bs you can do to get around it. Instead, a lot of places actually encourage second homes with tax incentives and write offs for getting one... because... entrepreneurship, or something.
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                        Guest
                        wrote on last edited by
                        #198
                        Oh my house was way below the median, in my region of the country the median house price was £385k when I bought. If anything bungalows are often seen as a retirement option as well because no stairs to climb. At the same price range we could have got a terrace house, but they were in worse areas of town and the gardens much smaller. This is small (60m²) but its enough, after that I would like to have some outside space too. Which is also fairly small but its still something, the entire property is about 150m². We need more places to apply similar taxes to discourage houses being left empty. It won't fix the problem but its a step in the right direction. Rentals being left empty for long periods of time is also a problem, for both residential and commercial property. Still working remote, not sure how long I will be able to keep that but I have had to refuse orders to start commuting more than once. Compromise agreement is offered and everyone forgets about it while we continue not going into the office more than a handful of times a year. They moved the office over 50 miles away which I am using as my (quite reasonable!) justification to not go in on a regular basis. If it remained local I could cycle in more often quite happily. Yeah in my area there are not the best job opportunities, but there is at least work to be done if you want to just take any job and its not like the pay makes much difference. In the UK we have comparably good minimum wage. I am on £26k (~£13.33/h) and minimum wage gets you £12.21/hour. So even if I just switched to literally any job I wouldn't be taking much of a pay cut and its actually cheaper than taking the train each day would be as rail is really expensive here.
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                        • ? Guest
                          Ah an economist, say no more fam.
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                          Guest
                          wrote last edited by
                          #199
                          Hey there, sorry to necropost, but uh: https://www.msn.com/en-us/money/general/july-s-jobs-report-included-big-downward-revisions-here-s-why-the-numbers-change/ar-AA1JJV2e Remember how I was saying BLS jobs **_estimate_** data is bullshit, that keeps getting revised down? Well they fucking blew the lid off of it this time, turns out that 258k jobs they initially said were added in May+June? Poof, all gone, not real, we actually only added 33k, not 281k, in May + June, according to BLS. **_And you know the measely 78k from July could also be revised downward too, in the coming months!_** Trump actually fired the head of the BLS over this. Sorry to get so irate over this whole issue and channel it all toward you, but jfc, I was right, 95% of finance bros and 'economists' most people hear from or about are actually fucking bad at their jobs.
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                          • ? Guest
                            Hey there, sorry to necropost, but uh: https://www.msn.com/en-us/money/general/july-s-jobs-report-included-big-downward-revisions-here-s-why-the-numbers-change/ar-AA1JJV2e Remember how I was saying BLS jobs **_estimate_** data is bullshit, that keeps getting revised down? Well they fucking blew the lid off of it this time, turns out that 258k jobs they initially said were added in May+June? Poof, all gone, not real, we actually only added 33k, not 281k, in May + June, according to BLS. **_And you know the measely 78k from July could also be revised downward too, in the coming months!_** Trump actually fired the head of the BLS over this. Sorry to get so irate over this whole issue and channel it all toward you, but jfc, I was right, 95% of finance bros and 'economists' most people hear from or about are actually fucking bad at their jobs.
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                            Guest
                            wrote last edited by
                            #200
                            Still confused why you continue to emphasise estimate when ADP is also an estimate. I already emphasised the difficulty of real time stats, revisions are not shocking, but perfectly normal. I don't think anyone is that surprised (though we can agree that there are a lot of overconfident and less statistically literate professionals), the gulf between hard data and sentiment/alternative data (vibecession and so forth) was well covered and had to resolve one way or another. ADP was +104k in July, so by your previous logic we should expect upwards revisions in the BLS July number as the year goes on right?
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                            • ? Guest
                              Hey there, sorry to necropost, but uh: https://www.msn.com/en-us/money/general/july-s-jobs-report-included-big-downward-revisions-here-s-why-the-numbers-change/ar-AA1JJV2e Remember how I was saying BLS jobs **_estimate_** data is bullshit, that keeps getting revised down? Well they fucking blew the lid off of it this time, turns out that 258k jobs they initially said were added in May+June? Poof, all gone, not real, we actually only added 33k, not 281k, in May + June, according to BLS. **_And you know the measely 78k from July could also be revised downward too, in the coming months!_** Trump actually fired the head of the BLS over this. Sorry to get so irate over this whole issue and channel it all toward you, but jfc, I was right, 95% of finance bros and 'economists' most people hear from or about are actually fucking bad at their jobs.
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                              Guest
                              wrote last edited by
                              #201
                              Although with the overt politicisation of BLS I think I'll be with you in trusting ADP more going forward. Going to be super interesting to watch any divergence from now on. I guess it could be that some of the YTD difference was some internal power struggle that was unwound by the revisions leading to Trump sticking his oar in, but I think that's a conspiracy theory until someone gives a quote to that effect.
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                              • ? Guest
                                Still confused why you continue to emphasise estimate when ADP is also an estimate. I already emphasised the difficulty of real time stats, revisions are not shocking, but perfectly normal. I don't think anyone is that surprised (though we can agree that there are a lot of overconfident and less statistically literate professionals), the gulf between hard data and sentiment/alternative data (vibecession and so forth) was well covered and had to resolve one way or another. ADP was +104k in July, so by your previous logic we should expect upwards revisions in the BLS July number as the year goes on right?
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                                Guest
                                wrote last edited by
                                #202
                                > Still confused why you continue to emphasise estimate when ADP is also an estimate. Because BLS is a much shittier estimate. > revisions are not shocking, but perfectly normal. Lol no, not to this degree, they absolutely are not, and its been getting worse for 2 years. > I don't think anyone is that surprised (though we can agree that there are a lot of overconfident and less statistically literate professionals) Well the DJIA drop on the print, and every single news outlet's reaction indicates that a lof of people were surprised, but ok then. > ADP was +104k in July, so by your previous logic we should expect upwards revisions in the BLS July number as the year goes on right? My... logic points to this? I don't see how you draw that conclusion but ok. Lets compare June ADP and BLS: ADP: -28k / not revised because they don't need to. BLS: +147k / revised down to +14k ADP measures private payrolls, and then basically just statistically broadens their sample set to an estimated size of entire private economy by sectors and business sizes, for the same month. BLS on the other hand does this for the entire economy, and has as fundamental parts of their modelling both an attempt to normalize for seasonality and also tries to figure in estimated population growth at the same time. Meanwhile, the BLS counts of just pure private sector jobs that are almost exactly the same as what ADP counts... they are actually pretty close. Post revision BLS has July at +83k private sector jobs. Thats not that far from ADP's +104k July private sector. Roughly, to get the ADP number from BLS, for private sector, you just undo their seasonal normalization, then you're quite close to the ADP number most of the time. BLS just royally fucked up everything not core private sector. So no, I would not expect much of an upward revision in July BLS numbers, at best, they'll find they slightly undercounted private sector jobs, but overcounted a bunch of other categories, that would be my expectation. ... BLS has a giant tome of complexity that goes into the totality of their big number print, with many, many factors that can be (and have been) wrong. ADP's is less comprehensive over the whole economy, but is also much less complex and direct. Less failure points = More reliable. Its kinda like how in the past year or so, roughly 1/3 of the reported prices that actually make up the inflation number, CPI... well they are not actually reported prices. They are model derived. Not actual reported data. Lies, damned lies and statistics. They more and more stats you pile onto something means you have more and more assumptions and reliance on models, the fact that BLS keeps having to revise shit means their models and assumptions are inadequate. The BLS should probably be reporting error bars and ranges for their sector specific and the compounded error bars for their total metrics, I can tell you that the stuff they've been putting out would not make it through a peer reviewed academic journal as being statistically valid to any serious degree. While I agree that Trump just firing the BLS head and likely replacing them with a stooge is even worse, the chuckleheads at BLS have been incompetent for a while, as has been everyone else who hasn't noticed this.
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