8,352 karma · joined April 29, 2015
Why people aren't outraged by stuff like this I have absolutely no idea.
I'd argue this is because most attempts to reduce large groups of people to an idea like "the rich" or "the poor" are done in bad faith.
A support of this would be, within academic sociology or economics these terms will be used in a non slur way and it's because they actually have a reason to be thinking in terms of these groups instead of throwing them out as stawmen for some argument
Did you read the article? Or did you read the first two paragaphs and decide it was wrong thought and go to yell to the internet?
Awesome how almost every time I see almost anything asserted on HN within my areas of expertise it will reliably be dramatically incorrect.
USD/YEN > 150
This obsession with "proof" and "data" is anti scientific.
There's one objectively correct version of understanding the world and the important idea is to camp people into binary groups of "believes correct news" or "believes fake news"
The headline of the article is that it has lost 50% of it's value. During that same multi year period we have had well over 10% inflation.
So Maybe that part. Yeah I'm gonna go with that part.
Or maybe the investors just hate money and were going for -60% ROI. Who knows.
I hope the book is thrown at them as harshly as possible.
Claw back those earnings and put it into funds to clean up the mess that has been made
Yes obviously people should not buy things they can't afford. If that means you can't have a pet or a 90k pickup truck, or the shoes you want or whatever then so be it.
Totally bizarre that you see this as some sort of gotcha to phrase it this way
There is nothing inherently superior about debt/gdp. It is one good metric for tracking debt but is in no way the one true metric or intrinsically superior to other debt metrics and importantly it cannot give you a reasonably complete picture of the fiscal situation of a country because it is lacking the key component of incorporating rates and flows.
Japan has more than double our debt to GDP but this is able to not catastrophically blow up in the short term because their interest rates and therefore interest expense is low.
Again, really sad , but not rrally surprising to see low quality drivel stated authoratively as the top answer
He likes hearing himself sounding poetic, which mostly just sounds trite, more than he likes talking about markets which he is actually pretty good at
Thanks for the very cool tip (not advertisement) bro!
The data in this video is unambiguous. Sales down 40-50% in cities where there are 4x more Airbnbs than homes for sale. Some of those houses WILL be entering the market as operators cannot handle the negative cashflow. These will be either hard or soft forced sales but let's be clear, many sellers will have no say in the matter.
Fail to understand this dynamic at your own peril. Housing is not nearly secure as many people are suggesting at the moment.
Surely no one making decisions of consequence in our world. They certainly prefer tit for tat.