181–190 of 194 posts
Earlier quoted context omitted.
Exactly why we are building https://amixr.io Schedules, lifecycle, routing in Slack.
Still $29 a month though…
Example: if you have 50 engineers and only 2 of them are on-call per sliding week, you'll be charged for 2.
PagerDuty is super expensive. With Slack or another messaging app, you just need a system that will support a schedule and route to engineers appropriately as well as post to the slack channel. A lot of the bells and whistles they have aren't useful. Engineers never need to actually use the Pager Duty website and only use the app for ack'ing the page or just do that in Slack. This feels like it should be more of a co…
Earlier quoted context omitted.
What's the trigger?
Pension, student and auto debt, I'd guess.
Who is the Lehman Brothers of the new securitized debt? That meltdown is coming.
Earlier quoted context omitted.
US auto loans have a total of 1.1 trillion outstanding, writing that off wouldn't affect the markets at all or increase the cost of debt?
That collateral is easily repo’d and disposed of. Think Rent A Center. The margins on the vehicles being sold make up for estimated losses.
https://www.mercatus.org/bridge/commentary/pension-crisis-yo...
https://www.bloomberg.com/news/articles/2018-10-17/the-stude...
https://www.citylab.com/transportation/2019/02/subprime-car-...
I think multiple sectors of underfunded pension, student debt and auto debt all coalescing at once is the problem, not any one of them individually. You're also negating that folks defaulting, massively hinders their ability to move in the financial system. And yes, you can put cars back into the system the same way you can put houses back into the system, but it doesn't matter if no one wants cars.
Earlier quoted context omitted.
That collateral is easily repo’d and disposed of. Think Rent A Center. The margins on the vehicles being sold make up for estimated losses.
https://www.pionline.com/article/20181101/ONLINE/181109968/l... https://www.mercatus.org/bridge/commentary/pension-crisis-yo... https://www.bloomberg.com/news/articles/2018-10-17/the-stude... https://www.citylab.com/transportation/2019/02/subprime-car-... I think multiple sectors of underfunded pension, student debt and auto debt all coalescing at once is the problem, not any one of them individually. You're also neg…
Quite the contrary. Lenders will lend to you immediately after bankruptcy because you can't default again for seven years, for example. If you have bad credit, you can still get credit! Just at a higher interest rate. I am familiar with lenders who will get you a mortgage the day after foreclosure for 200-250 basis points over conventional rates (6-6.5% versus 4%, in this case).
Economic drag due to student loan debt that can't be discharged is a separate issue (with those debtors delaying or opting out entirely of home ownership and/or children). Pensions will get dumped onto the Pension Guarantee Corp with a reduced benefit payment to those entitled to such, and any federal debt will get inflated away through the Fed (not great, but what happens when you have your own central bank).
As I said, I think the only "great unwind" or credit crunch in the near future is corporate bonds.
Earlier quoted context omitted.
What industry are you in where you care about getting paged after hours, but you're happy tying your paging to Slack's availability, and you have the engineering time to devote to recreating and maintaining a paging system? I'm sure there are industries where that makes sense, but I bet you can imagine there are industries and companies where that doesn't add up.
You still need something like PagerDuty, OpsGenie, etc. for the on call rotation and routing. All I am saying is all the other 1000 features they offer and charge for aren’t needed when you don’t really use their web site at all.
PagerDuty is super expensive. With Slack or another messaging app, you just need a system that will support a schedule and route to engineers appropriately as well as post to the slack channel. A lot of the bells and whistles they have aren't useful. Engineers never need to actually use the Pager Duty website and only use the app for ack'ing the page or just do that in Slack. This feels like it should be more of a co…
Why are you citing the enterprise plan if your argument is that you don’t need most of what they offer? It’s $30/month for lowest tier with more than 6 users. There’s no way it’s ROI positive for you to build and maintain this yourself until you have [many] hundreds of employees using PD. The fact that it’s super simple to use while being highly configurable and reliable is a pro, not a con.
Earlier quoted context omitted.
Still $29 a month though…
Charged only for on-call persons. So should be less comparing to other tools. Example: if you have 50 engineers and only 2 of them are on-call per sliding week, you'll be charged for 2.
Nice work!
Earlier quoted context omitted.
https://www.pionline.com/article/20181101/ONLINE/181109968/l... https://www.mercatus.org/bridge/commentary/pension-crisis-yo... https://www.bloomberg.com/news/articles/2018-10-17/the-stude... https://www.citylab.com/transportation/2019/02/subprime-car-... I think multiple sectors of underfunded pension, student debt and auto debt all coalescing at once is the problem, not any one of them individually. You're also neg…
> You're also negating that folks defaulting massively hinders their ability to move in the financial system. Quite the contrary. Lenders will lend to you immediately after bankruptcy because you can't default again for seven years, for example. If you have bad credit, you can still get credit! Just at a higher interest rate. I am familiar with lenders who will get you a mortgage the day after foreclosure for 200-250…
Earlier quoted context omitted.
> You're also negating that folks defaulting massively hinders their ability to move in the financial system. Quite the contrary. Lenders will lend to you immediately after bankruptcy because you can't default again for seven years, for example. If you have bad credit, you can still get credit! Just at a higher interest rate. I am familiar with lenders who will get you a mortgage the day after foreclosure for 200-250…
What lenders you are specifically referring to?
Subprime auto lenders: https://www.cyberleadinc.com/subprime-auto-lenders/
Nonprime mortgage lenders: https://www.nonprimelenders.com/lenders/
Prime = good borrower. Subprime/nonprime = not a good borrower.
Just quick examples, lots more out there. It is incredibly difficult not to qualify for credit entirely. Someone, somewhere will lend to you at an interest rate in accordance with your risk profile. Investors are hungry for returns.