123 karma · joined August 29, 2022
Same with the cars.
Over the last 13 years the fed has played a much greater role in the market by purchasing securities and setting the discount rate near to zero. The goal being to soften the blow of the housing collapse and to help being the economy back up. What I find interesting about the low interest rate is that low cost lending changes what types of projects are economically viable. If you look at the formula for NPV the discount rate is within the denominator. What this is saying in other terms is that a projects value is manipulated by the discount rate. On the whole low yield capitally intensive projects are possible to take on during a time of low lending costs. Sure the math makes sense here but what does this mean in aggregate. Does it make sense that the value a project supplies to humanity is dependent on the interest rate? No it really does not, it's not required for it to be proportional whatsoever. Capital is just a standardized term for motivation. All that money can buy is someone else's time or effort at the end of the day. What the NPV formula is truly giving us is a ratio of how much human effort will be required and how much output you are likely to get from such efforts.
One of our issues both nationally and globally is that our interest rate is too low, (and we have no way to fairly correct for this). Higher cost of lending prunes projects that are low yield. This prunes projects that are not a large benefit to society. The fed has a hard time moving back to this because of the extreme difficulty everyone would face. Let's say they raise the rates to 18% suddenly homes value must drop to reflect the people's ability to pay the new mortgage rates. Best case this would dramatically reduce worker mobility. Worst case you wipe out the largest asset most might have.
I do believe the fed is used as a tool is used to keep people working. If you track the cost of staples such as a loaf of bread or milk vs the hours required to earn such things on minimum wage you will find that it's all about the same over time. Logically this makes no sense whatsoever. Does this mean that we have gotten no better at producing these commodities over the last 100 years?
There is no way of knowing for certain what position is on and what is off without assuming that the first displayed state is on.
I believe recently I setup a nest with this issue. There is no way of knowing what is specifically selected unless there are three options. With three exclusive options you can compare to determine what the current state is because two of them will look the same thus must be off.
Ti-89 93... calculator settings can have this issue but some of the options have 3+ states and once you see the schema it's quite easy to deal with.
In general it seems absolutely insane to me that we rely on an antique control strategy for the Subway while in other industries outside of rail such as aviation or automotive such a system would be easily automated.
Endocrine disruptors in plastics are a civilization sized problem.
Every year the plastic micro debris gets smaller and the problems grow larger.
I'm not sure it's brass anymore without the lead.
Why does it seem that the better a material works the worse it is for humans.
Annoyance for those in the states: Big box stores used to advertise fittings as NPT (National pipe thread). NPT being an ANSI spec. They seem to have switched to MIP and FIP for Male Iron Pipe and Female Iron Pipe. These are NPT as well but with a new name? Perhaps they are looking to avoid holding themselves to the spec?
Lead content in brass drinking water rated piping and fittings are being phazed out for obvious reasons. New low lead brass is stronger and does not deform as easily as the older leaded brass fittings. The result is that some fittings are now more difficult to tighten untill leak free.
Pex and crimped copper fittings are not without there own issues. Relying on an o-ring with a 30 year shelf life is problematic when the pipe is behind drywall.
Perhaps one day we will get laser welded copper fittings.
This seems to be fairly common and it seems that as these applications and companies rise and fall that they each bring there own flavor to the mix.
Google maps was concise in 2012, today the app requires a greater number of user inputs to enter a destination for example