NTDF9

22 ms·

181.
by NTDF9 8y ago
I can't blame them. They need living income. The only people destroying this place are NIMBYs who won't allow faster construction of more units. Ultimately businesses have to relocate to find talent. Seattle, Austin, NYC and Bosto
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by NTDF9 8y ago
That is true. That's why I wrote: >> SF bay area has none of all that and yet is super expensive wasteland of suburbia. SF city is better but not even comparable to major cities of the world. Most SV jobs are in the bay area. Eve
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by NTDF9 8y ago
I just visited New York on an extended trip. Most of NYC is better connected, more vibrant, more concerts, more sports, more universities, more housing, more international people, more business activity. Yet, NYC is affordable with a "
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by NTDF9 8y ago
+1
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by NTDF9 8y ago
Policemen make six figures. Others commute from 2 hours in.
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by NTDF9 8y ago
>> Tax cuts can't directly cause deficits, only spending can. Spending money you don't have offsetting revenue for causes the deficit. Cutting taxes without cutting spending is a problem. Tax revenue is not down, even with t
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by NTDF9 8y ago
I'm not an economist but here's how I see it. Money flows into US treasury bonds, directly. People and corporations literally have direct accounts with the treasury. The US has large fiscal deficits and needs to borrow dollars. Th
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by NTDF9 8y ago
Let me explain the monotone. In Michigan, if you go knock on the door of your neighbors, what is the probability that they work in the same industry as you? In SV, the probability that they work in tech is very very high (99% in my case, th
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by NTDF9 8y ago
The announcement is done to achieve two things: 1. Posture to their own populace that they're not backing down (thus winning political scores) 2. Show to the rest of the world that they are leadership to reckon with, that they don&#x27
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by NTDF9 8y ago
> It’s great when the central bank is buying the drinks but the party will end when their credit card is maxed. When will the credit card get maxed for the US? For other countries, the impact is visible right away with depreciation in th
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by NTDF9 8y ago
How about letting prices deflate so that retirees and millennials can afford to live with normal wages and savings? The whole ponzi scheme is needed only because we have govts, Central banks, Wall Street looking for inflation and returns. W
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by NTDF9 8y ago
Asset inflation is THE problem in developed countries. Why? 1. Because there are people alive with large debts on the other side of those inflated assets. Any deflation will kill the lender (if borrower defaults) and the borrower (if the as
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by NTDF9 8y ago
Interesting post. As I drive down the north east, I get the same vibe of dying cities and towns. But the problem is different. The northeast is just ugly and downtrodden as compared to the west coast. Most houses were built long ago. They n
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by NTDF9 8y ago
> Money laundering and tax evasion are not 'arbitrary' laws. Please define tax evasion. If country X's government legally authorizes a tax provision like mortgage deduction for tax reduction or tax-free interest or tax bre
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by NTDF9 8y ago
> Personally, I wish no developed (e.g. EU, US) country would allow any economic relationship with any country that allows tax avoidance (like 0% tax) or tax evasion (like bank secrecy). But US allows huge tax deductions for businesses.
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by NTDF9 8y ago
> So the 'advisory' would be: don't break laws. Whose laws? Why should the Swiss follow US laws? What if the US establishes arbitrary laws? Should the Swiss still follow those laws?
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by NTDF9 8y ago
I agree with all of your thoughtful response and agree that option 3 is the best. While a deflationary spiral seems bad, and I agree its a bad spiral to go down, a deflation after massive inflation is ok. A deflation in asset prices through
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by NTDF9 8y ago
The recent rhetoric of fear of rise of China as a competitor are super interesting as an observer. For most of post-world-war era, the US tried to make (sometimes bomb) countries into making them more like America. China did that. Then they
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by NTDF9 8y ago
Same in India. There are more digital wallets than plastic. Even villagers in remote districts understand a digital wallet.
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by NTDF9 8y ago
I see your point. But I think if we have more rounds of QE and use the money for UBI, we'll get to Japan levels of disenchantment for 20 years (or perhaps more because we have far more debt to repay). What I would like to see is some b
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by NTDF9 8y ago
> Is this what peak capitalism looks like? Does money have more value than humans, life, kids, health, freedom? If yes, them yes. Oops, we're already there.
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by NTDF9 8y ago
> Keeping interest rates lower was how they bailed out underwater individuals. Lower interest rates stimulate demand for housing, shoring up housing prices for the people who were underwater. Of course, that reinflated the housing bubble
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by NTDF9 8y ago
> > why does American industry require students to go into debt to get expensive and worthless piece of paper to just even consider hiring them? This is an American problem, not problem of university education or corporations per se.
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by NTDF9 8y ago
I'm suggesting taking capitalism to some true form. Let badly managed companies fail, let badly managed houses of individuals get foreclosed. For innocent individuals, create a social security net. Instead of bailing out companies or k
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by NTDF9 8y ago
AI wouldn't smooth out bubble because bubbles are opportunities for a few to make wealth at the expense of others. Bubble in America (at least the recent ones since Greenspan) are all down to Fed being asked to bring the society to ful
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by NTDF9 8y ago
We're talking 20 years of anemic growth. I can see that FrSE kept trying to go back up but kept falling back down again and again
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by NTDF9 8y ago
Wow. This is Japan-like scenario already. Why isn't this as widely known?
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by NTDF9 8y ago
They are also providing employment and income to people. So, I wouldn't worry so much about the congestion impact of it. If congestion is too much, they drivers will drive slower and surge pricing will strike causing demand to drop, th
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by NTDF9 8y ago
Medallion owners were suckered into "investing" in them when law mandated that taxi drivers NEED to buy them. Ideally, they should just have been asked to go through a taxi training program and asked to interview at taxi commpani
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by NTDF9 8y ago
I'm not joking. A major part of reckless driving there is just that no one knows what lanes are meant for. Having more striped lanes, better traffic lights and yes, better enforcement on wheels would help. But an entire population woul

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