JanisL

10 ms·

31.
by JanisL 5y ago
The last time I went to a bank I remember thinking the loan terms were pretty bad for the business I was involved in relative to equity approaches. Why do you think there's been a shift towards equity financing? I wasn't looking a
32.
by JanisL 5y ago
I think the reverse repo situation sheds some light on why this wasn't happening as much earlier: https://fred.stlouisfed.org/series/RRPONTSYD/ Put simply there's now a glut of money that is waiting to b
33.
by JanisL 5y ago
I think this is entirely dependent on the country in question because rules around central bank operations are very different in different parts of the world. Some can directly create money and some can even seize assets. Note that if Centr
34.
by JanisL 5y ago
> IDK why everyone on HN thinks that the affluent have debt, when in fact, the bottom 50% of Americans hold less that 4% of wealth because most of them are in net debt, largely to entities owned by the affluent. The wealthiest people by
35.
by JanisL 5y ago
They already have been doing things like this. The Nikkei 225 is more than half owned by the BoJ for example.
36.
by JanisL 5y ago
Only some equities are inflation proof. Other equities will be crushed by inflation because inflation will put pressure on higher interest rates and companies with high debt loads will get crushed by higher rates.
37.
by JanisL 5y ago
For a lot of it this comes down to mortgages. Someone who has a $4million mansion with a $1million loan has more debt in an absolute nominal number sense than someone with no assets and a $10k credit card debt. That said as household debt i
38.
by JanisL 5y ago
After studying a lot of economics over the last few years I realized that most people have a poor understanding of the concept of debt so I stopped using the term technical debt almost entirely.
39.
by JanisL 5y ago
Currency debasement combined with low interest rates in nominal terms combined with extremely negative interest rates in real terms is driving a huge portion of the nominal gains in housing everywhere in the last few years. If housing is op
40.
by JanisL 5y ago
I can't say I'm entirely surprised, occupancy rates in Melbourne's commercial real estate are exceptionally low at the moment: https://www.theage.com.au/national/victoria/ghost-town-warni...
41.
by JanisL 5y ago
The concept of "no code" has been in existence for much longer than the term "no code" has been in use. For example Excel spreadsheets have existed longer than the term "no code" and these allow people from a n
42.
by JanisL 5y ago
Generally speaking the vast majority of money is created by the private sector and not the government. For the Fed to be able to "fix" this by printing more money would already represent a large systematic change. This isn't
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by JanisL 5y ago
Distributed version control intrinsically has difficult concepts, I find a lot of people who claim these things to be user unfriendly are struggling with the concepts of distributed version control. If you struggle with these concepts all t
44.
by JanisL 5y ago
Melbourne Australia is in the third year of population decline now. I know on top of this population shift that a huge number of the major employers have shifted towards much more work from home arrangements due to the pandemic and due to t
45.
by JanisL 5y ago
There's an important distinction to be made between fake news which is deliberately misleading and the concept of fiat news which is when information is passed along with no checks and balances in environments where people explicitly a
46.
by JanisL 5y ago
I feel like when currencies are abandoned there's a de-facto hyperinflation involved in the old currency if looked at from the exchange rates involved. Perhaps there's been examples of currency replacement in the past that have be
47.
by JanisL 5y ago
Given the intersection of social media and monetary policy this article seems entirely relevant: https://www.epsilontheory.com/fiat-money-fiat-news/
48.
by JanisL 5y ago
While inflation is a monetary phenomenon I think hyperinflation is mostly a psychological phenomenon characterized by a lack of confidence in a currency. Fiscal policy changes could certainly change confidence or so could a number of other
49.
by JanisL 5y ago
At the moment we have a monetary system that's a debt based monetary system. In practice this means that many people are operating under the assumption that someone's liability is someone else's asset, I think this assumption
50.
by JanisL 5y ago
With debt to GDP at such high ratios raising interest rates has some challenges, why do you think this is easy to deal with?
51.
by JanisL 5y ago
Only people who don't understand the wealth destroying affects of hyperinflation will actually cheer for it.
52.
by JanisL 5y ago
There is absolutely no shortage of workers at the lower end of the skills range, there is however a big monetary issue at play that prevents people from hiring people locally in a number of different situations. On top of this there are reg
53.
by JanisL 5y ago
Completely agree with all this. One thing that makes rock climbing and golf good for building connections is that there's relatively large gaps in time where you can talk with people while doing the activity (eg walking to the next hol
54.
by JanisL 5y ago
I find it a bit depressing that the "you need to change jobs to get raises" dynamic is being seen in hospitals now as well.
55.
by JanisL 5y ago
Its because same day delivery takes a rather large investment in logistics systems that they may not have ready to go.
56.
by JanisL 5y ago
I think there's a part of this that most people don't consider which is the eurodollar system. A lot of money is created by the private sector via banks and in a typical time the majority of money creation is actually done by the
57.
by JanisL 5y ago
It wasn't so clear but I was mostly thinking of the management when I wrote that comment. In this particular case I think people might get caught up on what an individual did but I think the management failing here is the far bigger de
58.
by JanisL 5y ago
I've noticed more as time has gone on people are working on critical software without the skills or organizational structures required to actually do so safely. What I'm wondering is if this is a change that's happened more b
59.
by JanisL 5y ago
Where I was working at the time had no employees in the USA but yet we all got this email telling us how to vote in the upcoming USA election. Given none of us had the right to vote in the USA elections we found this email to be very strang
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by JanisL 5y ago
The pain in the Python 2->3 conversion I found came more from in house packages being written in Python 2 rather than public packages.

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