carefree-bob

4 ms·

1.
by carefree-bob 5d ago
I'm not so sure limiting competition is the way to go here. One thing I hate about US healthcare is the lack of price transparency. They would rather shut an entire hospital down before giving you a price sheet. So when outfits like Wa
2.
by carefree-bob 7d ago
Problem is that most breaches are social engineering attacks where employees or customers are phished for their credentials or even to approve/install some malicious code. It's very hard for businesses to defend against this. They
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by carefree-bob 7d ago
[flagged]
4.
by carefree-bob 7d ago
That was promised by US General Miley, not by any Russian official or citizen. So we have in this nugget an example of why you shouldn't trust western media, but not an example of why the west wont fold like a cheap deck.
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by carefree-bob 7d ago
We should just pay them to teach classes and not require them to do research at all. That's the part that needs to change.
6.
by carefree-bob 7d ago
> The US was a net exporter for most of the time it was a de jure and de facto reserve currency, up until the dollar was floated (i.e. end of gold convertibility). No, the US ran a goods surplus but a current account deficit. If we look
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by carefree-bob 8d ago
Yes, Jaynes used a comprehensive approach, albeit one rooted in literature. I only threw in "Homer" as an example to be clear that "ancient civilizations" referred to bronze age and before, and that this was not the Joe
8.
by carefree-bob 8d ago
I am asking you to imagine a situation in which oil is priced in currency A but the proceeds are stored in currency B in order to determine whether it is A or B that matters, or both. In your example, A and B are the same (dollars) and you
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by carefree-bob 8d ago
There was a book in the 1970s called "The Origin of Consciousness in the Breakdown of the Bicameral Mind" by Julian Jaynes, where he argued that ancient civilizations -- and he used examples from Homer -- lacked the current modern
10.
by carefree-bob 8d ago
Oil being settled in dollars is completely unimportant. It makes no difference in what currency a trade is conducted. What matters is the jurisdiction in which you store the proceeds. That selection of jurisdiction drives everything else. I
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by carefree-bob 8d ago
You are confusing being the world's biggest net exporter with being the world's biggest net importer . But they are the opposites of each other. So it's fair to say that China is the exact opposite of what it would take is
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by carefree-bob 8d ago
The real issue is that there is "research" and then there is research. Most publications are simple recapitulations of well known ideas but applied to somewhat unique environments. Imagine if you are a carpenter, you are just usin
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by carefree-bob 8d ago
By paying down the debt, you mean issuing less debt over time? The US government is not an uncle that pays off his debt so he can retire and move to Florida. An individual does that, but the household sector as a whole does not pay down deb
14.
by carefree-bob 8d ago
It doesn't matter whether it is Chinese regional banks, or SAFE, or any other instrument. Brad Setzer tries to do a heroic job decoding this stuff at his CFR blog ( https://www.cfr.org/blogs/follow-the-money ) but a
15.
by carefree-bob 8d ago
The point is that the entire article is wrong, factually. In terms of institutional investors and sentiment, I think you are fundamentally not understanding why the rest of the world holds US debt, it is to support running trade surpluses.
16.
by carefree-bob 8d ago
Holdings have increased by $500 billion over the last year. Why cherry pick 2012? Because that was in the aftermath of QE from the great recession and foreign holdings of treasuries were enormous as they rotated out of US private debt and s
17.
by carefree-bob 8d ago
China also has not gone down, they are merely shifting their ownership structures. China accumulated over a trillion in dollar denominated assets last year, but rumors are the big players have been Chinese regional banks. It's a byzant
18.
by carefree-bob 8d ago
This is nonsense. The rest of the world holds 9.7 Trillion in Treasuries and this amount increased by $500 billion over the last year. So the opposite of this article is true. You can get all the data from the Z.1 release. Please don't
19.
by carefree-bob 8d ago
The emotional reaction you are describing is just 'I don't like Japan, therefore any news of Japan increasing its defense makes me upset', and honestly I don't think this sentiment has any reasoning behind it, and does
20.
by carefree-bob 8d ago
There is no solution needed. Populations go up and down, there is no need to for the arrow to always go up and to the right, particularly for overcrowded places like Japan and China. Japan with 50 million Japanese would be a much nicer plac
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by carefree-bob 8d ago
I read that as "minimum standard", not "minimal" as in "not possible to make it have anything less". People need a keyboard and the screen keyboard on iPhones today isn't pleasant, at least for me. I'
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by carefree-bob 8d ago
I fail to see the logic here, can you spell this out for me? Are you saying: 1. Japan pissed off other countries and therefore does not need to defend itself from this greater threat? 2. Japan pissed off other countries and therefore sho
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by carefree-bob 8d ago
You clearly don't understand America but that doesn't stop you from hating the people and imagining yourself above them. FYI, 60% of the population opposes this war. You wouldn't be British, by any chance?
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by carefree-bob 8d ago
A lot of people really want to get their hands on the savings of the elderly, and are very angry when they see old people spending money.
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by carefree-bob 9d ago
The accusation is not "let's kill some kids", the accusation was "the target is in a school, bomb it anyway to get the target". Much of these targeted assassinations in the early stage of this campaign consisted of
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by carefree-bob 9d ago
How exactly does an atrocity "trigger" a bombing of a school? Do you feel entitled to some atrocity credits when your opponent commits an atrocity? Fill in the gaps for me. I feel like you are missing some steps there.
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by carefree-bob 9d ago
You'd need a definition of capitalism first. Since for most people, it's just the default mode of living -- e.g. the very term "capital" comes from "head", as in "head of an ox", as early cattle cultu
28.
by carefree-bob 9d ago
Why would taxing the wealthy be relevant to an aging population? Do you think that we tax stuff? We just tax money to buy stuff. If a nation produces less stuff, then spending more will just cause prices to go up, but will not result in the
29.
by carefree-bob 9d ago
The yield curve has always been controlled by the Fed, and this remains the case. No one has lost control. The yield curve is the time path of short run rates, adjusted by risk. So, for example, if the market thinks inflation will rise -- f
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by carefree-bob 9d ago
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