111–120 of 698 posts
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1. Zero Percent interest rates doesn't necessarily cause a bubble. It's the excess liquidity in the market that causes the bubble (too many financial assets chasing real assets).
One drives the other.
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One thing I learned is that many jobs that are considered essential are also considered dead-end. I assume that's pretty demotivating for anyone doing such a job.
The thing that I learned was that “essential” really meant “an acceptable loss of life so long as the profits keep flowing to the upper management class”. This isn’t just demotivating , its dehumanizing , and it’s the reason so many people I work with now won’t lift a finger to help stop the collapse of society. Just the opposite in fact: many people seem to be looking for a match to start the fire.
I'm sorry but what exactly do these people do that this is a power they have?
The "collapse of society" so frequently seems to be "small business owners need to actually give their staff enough hours and stop treating them valid targets for abuse".
Getting really annoying to have to keep track of macro events affecting my life year after year instead of just being able to live a normal peaceful life.
Agreed. Unfortunately, we’ve inherited the mess that our parents and grandparents left for us.
Getting really annoying to have to keep track of macro events affecting my life year after year instead of just being able to live a normal peaceful life.
Agreed. Unfortunately, we’ve inherited the mess that our parents and grandparents left for us.
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"I really don’t think anyone really sat down and thought through these issues when the lockdowns were announced." People clearly thought very hard about this. Different parts of the world came to different conclusions about it. Nobody thought that the lockdowns wouldn't cause immense amounts of economical and societal damage. The calculation was whether they would have a worse impact than letting huge numbers of peop…
not to mention the millions of people who basically cannot work anymore because they've be irreparably damaged by COVID...
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> Bonds will be wrecked, stocks will be wrecked, cash is wrecked, even gold What will happen to the housing market?
People who bought houses will be fine, since they secured low interest loans, and will hesitate to sell because won't get good interest on next loan. This will cause low supply -> high prices -> people who didn't buy are very screwed: they will face high prices together with high interest.
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> Bonds will be wrecked, stocks will be wrecked, cash is wrecked, even gold What will happen to the housing market?
Anything from nothing to a small correction. Mortgage payments set a ceiling on how high property prices can rise. However, people seem to be willing to spend more on mortgage payments than they probably should, so it’s likely that this ceiling hadn’t been reached yet. The other factor is simple supply and demand. A large factor in 2008 was a large inventory of housing that came on the market. As far as I’m aware, th…
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Maybe, but Barron's also has plenty of day-trader hype. How do you separate the good long-term predictions in Barron's from the bad ones? Read someone else. (You can optimize the process by skipping Barron's entirely.)
By ignoring the day-trader hype? (shouldn't be that difficult to spot)
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Monkeypox is just getting started. Hang in there. https://www.washingtonpost.com/politics/2022/05/22/biden-mon...
No airborne spread. Transmitted through sex. We're safe as houses. :p
But I am afraid it is is transmissible by 'respiratory droplets'.
> "Monkeypox virus is transmitted from one person to another by close contact with lesions, body fluids, respiratory droplets and contaminated materials such as bedding."
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People who bought houses will be fine, since they secured low interest loans, and will hesitate to sell because won't get good interest on next loan. This will cause low supply -> high prices -> people who didn't buy are very screwed: they will face high prices together with high interest.
You’re forgetting about the overpaid tech workers who are soon to be laid off, possibly underwater on their mortgages, and decide it’s time to downsize.