Thanks for the primer! This part caught my eye because I was hearing a guy on the radio last week talking about the "Skyscraper Curse" (I think it was). He was pointing out through the 20th century on that whenever a record breaking skyscraper was built that shortly after a massive collapse happened. It wasn't really the fault of the sky scraper, but rather the sky scraper was a symptom of the overall problem. The low interest rates and bad investments. And that around the time they finish the building, things are primed for the downward slide. Was kind of interesting.TheCatt wrote:There's an argument that low interest rates also promote bad investment by companies as hurdle rates may be a factor of interest rates. (Cheap capital/debt/bonds, for instance, means that low return projects become profitable)
Bad Economic Predictions
Bad Economic Predictions
"... and then I was forced to walk the Trail of Tears." - Elizabeth Warren
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Lots of jobs created in January.
That's interesting as January is not really known for being a big jobs month, being post holidays and all.
That's interesting as January is not really known for being a big jobs month, being post holidays and all.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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Vanguard expects nominal annual market returns to be 5% over the next 10 years.
Or about 3% after inflation.
Or about 3% after inflation.
It's not me, it's someone else.
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Bill Gates shits on AOC's New Green Deal, specifically raising tax rates on the rich.
Also, reading that article I don't think I've ever been aware that there are functioning members of society who think "modern monetary theory" is a valid plan of action. They can all go fuck themselves with that nonsense.
Also, reading that article I don't think I've ever been aware that there are functioning members of society who think "modern monetary theory" is a valid plan of action. They can all go fuck themselves with that nonsense.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
Bill Gates says money does buy some happiness.
I mean, duh.
I mean, duh.
Gates, who is worth nearly $100 billion, is not the only high earner with this mentality.
After researching more than 1,200 self-made millionaires, author Steve Siebold found that the wealthy aren’t afraid to admit that money can solve most problems.
“The rich see money as a positive tool that has the power to create freedom and opportunity for themselves and their families,” Siebold writes in “How Rich People Think.” After all, “if you have a problem, and you can make it disappear by writing a check, you don’t have a problem.”
It's not me, it's someone else.
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"Money can't buy happiness" is right up there with "The check is in the mail" and "I won't cum in your mouth".
But I do cum in their mail.
But I do cum in their mail.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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The check is in your mouth.
"Be bold, and mighty forces will come to your aid."
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2.6% GDP growth
That's got to be a little disappointing in the face of such a large tax cut. On the other hand, the economy isn't overheating, and things look decent.The solid growth in the fourth quarter resulted in the economy posting 2.9% growth for the full year. That's the best year of growth since 2015.
It's not me, it's someone else.
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“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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Any particular reason why?
I always use Uber, but mostly because I started with them. That being said, if Lyft offers me a better price, I'll choose it, and have a few times.
It's not me, it's someone else.
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I believe Lyft is better for drivers and passengers based on their own internal policies and the types of background checks they run vs what Uber does. Also, Lyft gave me 3 free rides a few years back in Vegas when we were there with a large group, and they saved me over $100.
I've used both and have both on my phone, but I just prefer Lyft and seem to get better drivers. I also have spoken to a few and they usually talk better about Lyft over Uber (all drivers pretty much work for both).
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
Jobs # very low for February (20k). Bunch of people yapping about it.
Honestly, it may just be noise. Shutdown ended, We've had a wide separation between the household (unemployment) and employer (jobs created) numbers for a while, to the tune of a few hundred thousand jobs. This may just be the statistics converging back, as they normally do.
Nothing to panic about, unless it does this 2 more months.
Honestly, it may just be noise. Shutdown ended, We've had a wide separation between the household (unemployment) and employer (jobs created) numbers for a while, to the tune of a few hundred thousand jobs. This may just be the statistics converging back, as they normally do.
Nothing to panic about, unless it does this 2 more months.
It's not me, it's someone else.
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The rich won't be paying for the New Green Deal and all the other progressive handouts.
Interesting article about how Hollywood is a fantastic example of a free market, which is funny considering most of the Hollywood elite's political views.
Interesting article about how Hollywood is a fantastic example of a free market, which is funny considering most of the Hollywood elite's political views.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
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Both are the same link. I'm skeptical of the premise of #2
It's not me, it's someone else.
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Fixed it.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Bad Economic Predictions
Fed says they will probably not raise rates all year.
That's good news for Trump, and most of us. The downside is it means economic growth isn't going crazy. The upside is that it means that the fed expects the economy to be good, not great, and not bad, growing about 2.1% in 2019.
That's good news for Trump, and most of us. The downside is it means economic growth isn't going crazy. The upside is that it means that the fed expects the economy to be good, not great, and not bad, growing about 2.1% in 2019.
It's not me, it's someone else.
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Growth is growth. I prefer slow and steady growth to anything else. It's boring, but safe.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”