neffy

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331.
by neffy 7y ago
The price dynamics of this are interesting, and a bit counter-intuitive, since selling the share short also puts short term pressure on the share downwards (at the sale price), especially if there´s a lot of shorting. Its because of this, a
332.
by neffy 7y ago
Sorry to be the bearer of bad news.. The fault tolerance of banks using FRB, is approximately 1% of loan capital per year. Any more than that, and they are driven into regulatory incompliance - which then has monetary significance. Reserves
333.
by neffy 7y ago
Exactly. And 10 years after the crash - the fact that the first paragraph of this article is factually wrong (thereby illustrating a lot of what is still wrong with macro-economic analysis) - goes unremarked. Banks do not lend their deposit
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by neffy 7y ago
There are women in this world who like to watch Sci-Fi.
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by neffy 8y ago
Quite. The supply argument implicitly assumes that there is no limit on the amount of money available to express demand - and the sound of hollow laughter is now heard in the background from the working class. Frankly, it always made me won
336.
by neffy 8y ago
I've experienced American healthcare and European healthcare. I'll take European any day of the week, over the Silicon valley version (and seriously if that's the best, god help the rest. I'm actually lucky I survived th
337.
by neffy 8y ago
Not to mention we get free health care and decent holidays with that. A 7 weeks holiday allowance has more than a monetary allowance.
338.
by neffy 8y ago
It's not really a "perception" of unfairness... it's a long rooted and fossilised class system, acting to the detriment of the entire country. (Hopefully your politics postgrad included the clearings.) England at least h
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by neffy 8y ago
Having used said chalkboards there - they are amazing. The chalk is really smooth to write with, and the tactile sense is much better to draw on than a white board. The most amazing thing though, is that person or persons unknown goes round
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by neffy 8y ago
It's obviously debatable - but we know that there was a huge flood at the end of the Ice age that would have raised the sea level considerably in a relatively short period. This is about 12,500 years ago. There is also evidence in Indi
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by neffy 8y ago
Well... it doesn't exactly debunk it, does it Comrade? I'm with the authors, I wouldn't trust a Soviet era transcript of a space mission, anymore I would of a show trial.
342.
by neffy 8y ago
78% of American workers live pay cheque to pay cheque. I would suggest that of the two possible hypotheses, the one where the system itself doesn't let them do anything else, might be the one more worth examining than the one that betr
343.
by neffy 8y ago
It's mostly in the banking system. They introduced loan securitization about 5 years ago, and have been walking down the same path the US went in the 90's and 00's. It will be indeed be interesting to see how they handle a ba
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by neffy 8y ago
Oh, hey. Somebody just reinvented indentured servitude. https://en.wikipedia.org/wiki/Indentured_servitude Good job.
345.
by neffy 8y ago
That would be the right approach to try, but essentially the problem is, if you want to try and compare wealth, then you have to do it without reference to the monetary unit. Even average working wage is tricky, because most people in that
346.
by neffy 8y ago
Erm... not quite. in the Insolvency vs Illiquidity stakes, 2008 was all about Insolvency. That's why the government stepped in and bought the mortgages from the banks - if the banks had had to account for the losses on those loans it w
347.
by neffy 8y ago
Think of society as a very slow (this is key) networked system, subject to the same kind of feedback loops and manipulations we can perform in computer networks, just progressing in human time over years. Now within this system there are tw
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by neffy 8y ago
Right. Because since we're automating all the other jobs, there will be a huge shortage of labour/automation just in this sector. Apropos... I wouldn't worry about retirement per se, I would worry about their being an intact
349.
by neffy 8y ago
Actually - no they don't. Changing interest rates doesn't change the money supply. But you're right, the real problem is the uneven distribution of money - the precise causes are a little more complex though.
350.
by neffy 8y ago
I worry that by the time the faceless particular individual´s have finished littering the entire planet because they can´t be bothered to care for anybody else, there won´t be a society.
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by neffy 8y ago
Not how it looks from the rest of the world I'm afraid. More, US didn't want to ground plane built by US manufacturer... ... i mean, honestly all we're doing out here is sitting back with a bag of popcorn and channel flipping
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by neffy 8y ago
And you don't want to be on the roads right after the polls close and they race each other to get the ballot boxes into the counter centres. More importantly, yes you can rig a paper ballot, but you can't do it large scale without
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by neffy 8y ago
But the question is why... 1) The monetary expansion rate of the US is between 7-9% per year. Historically production has been increasing faster than that, stocks aren't included in the index, and so measured inflation is lower. 1a) Be
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by neffy 8y ago
Well... as of a few weeks ago when the teenagers started handing out lectures about dealing with climate change.
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by neffy 8y ago
I find it´s best to make a mental note, and talk to Uncle´s friends. There is an intergenerational information transfer band if you pay enough attention to it. Plus your own memory will inform you after a while. I remember growing up and th
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by neffy 8y ago
If the best years of somebody's life are their teens and twenties, then they didn't have a great life, imho. There are also all sorts of ways very smart people can go permanently off the rails, even when given every opportunity. W
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by neffy 8y ago
The real challenge of teaching is reaching everybody - not just the kids who want to learn, and are effectively teaching themselves with a little guidance.
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by neffy 8y ago
"Three sigmas" and above aren't distributed only in the population of people capable of home schooling very bright children.
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by neffy 8y ago
If you're looking for a 3rd programmer, you're looking for somebody who can commit to the short term future of the company with - if you're wise - an explicit guarantee of long term rewards. Excluding half the population from
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by neffy 8y ago
To be fair to the journalists, those are actually open research questions.

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