noelsusman

9 ms·

91.
by noelsusman 4y ago
I'm in NC and I'm seeing an option to cancel online.
92.
by noelsusman 4y ago
I don't think the Fed cares about pundits or random CEOs. They'll keep going until inflation comes down.
93.
by noelsusman 4y ago
I assume you mean the American Rescue Plan Act? The IRA was marginally deflationary legislation.
94.
by noelsusman 4y ago
>"We recognize that AI poses a unique set of challenges and potential dangers, and we take that seriously. Here's how we're assessing that threat as we iterate, and here's how we'll know when it's time to pu
95.
by noelsusman 4y ago
As you've quickly found out, there are many people who seem to oppose any sort of guardrails on what an AI might say.
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by noelsusman 4y ago
Is there an example of a similar crisis that affected less well connected people and was handled differently? This is a serious question, not an Internet dunk or whatever. I'm not very knowledgeable on these topics.
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by noelsusman 4y ago
It spreads the risk out among a bunch of different banks, thus drastically lowering the odds that the FDIC will have to pay out on the full amount deposited.
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by noelsusman 4y ago
We solved this problem decades ago, these businesses chose not to use the tools available to them to protect their money. https://www.intrafinetworkdeposits.com/
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by noelsusman 4y ago
https://www.intrafinetworkdeposits.com/
100.
by noelsusman 4y ago
It's a bit embarrassing to have to invoke the systemic risk exception when regulations on these banks were relaxed in 2018 on the theory that they wouldn't pose a systemic risk if they got into trouble. This should spark some seri
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by noelsusman 4y ago
Has there been any good reporting on why so many tech startups had large amounts of uninsured cash deposits? This has been a solved problem for a long time. https://www.intrafi.com/solutions/depositors/ https:&#x
102.
by noelsusman 4y ago
It can be tempting to mock all the VC's freaking out about this, but I genuinely can't imagine how stressful this must be for a lot of people, so I"m willing to extend some grace and give people the benefit of the doubt when
103.
by noelsusman 4y ago
If your solvency as a bank relies on you accurately predicting inflation and/or fed rate decisions then something has already gone terribly wrong.
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by noelsusman 4y ago
https://www.usaspending.gov/explorer
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by noelsusman 4y ago
What taxes are you talking about? If you're talking about property taxes then you just created a giant hole in every local government's budget. If you're talking about taxes on profits after you sell then that's basicall
106.
by noelsusman 4y ago
Click on the button to separate by wage level. Wage growth for the bottom 50% has significantly outpaced wage growth for the top 50%. Their wages grew at around 7.3% over the last 12 months, which outpaces inflation. It may have been a bit
107.
by noelsusman 4y ago
It's the "we're in a downturn" crowd that is relying on vibes and feelings. GDP is growing. Unemployment is the lowest it's been in over 50 years. Real wages are growing for the bottom 50% of earners despite high in
108.
by noelsusman 4y ago
The bottom 50% have collectively more than doubled their net worth in the last 3 years[1], and their wages have outpaced inflation even at its currently high level[2]. [1] https://fred.stlouisfed.org/series/WFRBLB50107
109.
by noelsusman 4y ago
So we agree we're not in an economic downturn then.
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by noelsusman 4y ago
The economy is humming along just fine despite all of that.
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by noelsusman 4y ago
What global economic downturn?
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by noelsusman 4y ago
As a random experiment I asked both platforms "What is the current average mortgage rate?" https://www.perplexity.ai/?s=u&uuid=6f7fe592-c11f-4df9-a2bf-... https://www.google.com/search?q=what+i
113.
by noelsusman 4y ago
I've been hearing this for at least 30 years, and yet Dave Chapelle won a Grammy literally last night despite being quite controversial on this very topic. It's also a bit nonsensical to whine about people getting offended by come
114.
by noelsusman 4y ago
In my experience it just shows me all the tweets from people I follow in chronological order.
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by noelsusman 4y ago
Control of government and the courts is way more powerful at imposing your moral compass on everyone else than control of the Internet and AI output. We have a very recent example of this happening in a way that was several orders magnitude
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by noelsusman 4y ago
Neither of which has caused an economic downturn yet. The economy is doing just fine. Tech companies laying people off because money isn't free anymore is not an economic downturn.
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by noelsusman 4y ago
>This is the first time we've seen a crypto cycle coincide with a broader economic downturn. Unemployment in the US is currently at its lowest level in 50 years. What economic downturn are they referring to?
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by noelsusman 4y ago
Sounds nice, but it's not reality. At my organization, most of the support calls were asking how to reset their password. Paying human beings to answer that question over and over again was just lighting money on fire. We have a chat b
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by noelsusman 4y ago
Sesame seeds on buns were popularized by the introduction of the Big Mac in the 60s. They weren't the first, but they definitely propelled it into the mainstream. The original purpose is lost to history but it was likely just for visua
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by noelsusman 4y ago
Elon has right-wing reactionary brain worms. In my experience, most people who fall in never get out. I don't have much hope that a billionaire will be an exception to that.

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