321–330 of 593 posts
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There is not a single person on the face of Earth who - knows what basis points are and - would interpret that headline as “new_rate = old_rate * 1.0075”
Doesn’t make it right.
The returns that capital demands (and the government obliges to) are ultimately unsustainable. That's the core problem here. Rising wages? There has been no meaningful real increase in wages in 40 years despite a massive increase in productivity. Profits keep going up and up. The expectations for profits keep going up. The problem here is that the people who make companies possible don't get to share in the proceeds…
The Norway example is really annoying. It keeps coming back as an example to follow, when everybody knows it is a complete outlier that cannot be reproduced elsewhere. Norway is sitting on a gigantic pile of offshore gas that it uses to generate massive profits that go into a huge fund they don't know what to do with, all of that for a 5M population that drowns into social programs. There is literally no country in t…
Norway may be at the far end of the spectrum, but it's not black and white. Most countries have resources and very few share them with their citizens. It's not just to be born into a system where an incumbent oligarchy has control of resources. That kind of modern realpolitik doesn't develop any kind of civic duty or pride.
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Wow, he passed a ginormous tax cut all on his own? Without the House and Senate both passing it first and sending it to him to sign?? That's extremely tyrannical! I can't believe I never heard about this, do you have any more info I can look at???
https://www.nytimes.com/interactive/2017/12/19/us/politics/t...
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Is this because of the transition to a service economy?
I thinks most becouse real growth only happens in Asian countries last decades, and usa and europe companies fake growth by overlabredge debt becouse of the lower inters rate, not productivity
Asia is making incremental improvements on products invented in the West. They're not the ones inventing classes of devices or breaking new ground.
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>Every single of the thousands of innovation that goes into an iPhone was subsidized by rich venture capitalists and rich early adopters Don't forget the governments which helped fund the basic research used to make such things, the middle and lower classes that pay more in property taxes so companies can be bribed to build factories, and other such things. Put another way it's a much more complicated picture than ju…
Wealthy people pay almost all the taxes. the top 10% pay 71% of taxes and the top 25% pay 87%. 75% of the country contributes nearly nothing but complaints.
#define WEALTHY
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Is the debt rate fixed on federal debt? I can’t find much info on this. Ie if the fed funds rate doubles what’s the impact on the interest rate payments the government makes.
Yes the bond coupon payments are fixed, only the newly issued debt will be affected.
I think the interest paid is public knowledge, im wondering if the breakdown of rates/terms is known.
What I'm curious about is what it would look like if interest rates went to 10% in terms of the interest payments (as loans mature and rollover etc)
You can argue either side to this, and make a good case. My personal preference is to trigger a recession and reduce inflation. The easy cop-out solution is to say a "big f*ck off" to pensioners, lower middle class, and poor people and let inflation soar, but I believe that long term this would be more destructive to the general economy. Better take the long term view here and not kick the can down the street.
However, if you are poor you would have more debt\less savings. As such a recession would be worse -- especially as it leads to less jobs and lost jobs.
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Here is one example. "Not Even at $200 a Barrel: Shale Giants Swear They Won’t Drill More" [1] https://energynow.com/2022/02/not-even-at-200-a-barrel-shale...
First, the title is not the quote, the quote was "Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans". Second, that has nothing to do with our production capacity, doesn't prove that "covid" caused us to drop our net export status, or that the industry is unwilling to fill production. It's one misconstrued quote from an exec. He was talking about not collapsing the price when we…
You're pointing to theoretical projections and acting as if that's the ground truth today. These aren't the results of a current policy but are the theoretical projections of a theoretical policy decision that hasn't been enacted yet.
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>Every single of the thousands of innovation that goes into an iPhone was subsidized by rich venture capitalists and rich early adopters Don't forget the governments which helped fund the basic research used to make such things, the middle and lower classes that pay more in property taxes so companies can be bribed to build factories, and other such things. Put another way it's a much more complicated picture than ju…
Wealthy people pay almost all the taxes. the top 10% pay 71% of taxes and the top 25% pay 87%. 75% of the country contributes nearly nothing but complaints.
Only if you ignore sales tax, car tax, property taxes, and other such taxes.
The top 10% typically included major corporations but without a source I don't know if the percentage you use does.