samsonradu

15 ms·

91.
by samsonradu 6y ago
You're very right, being locked down is unhealthy. But isn't the US in an 'advised' lockdown state only? Why not go out (alone) and exercise? Currently in Brussels, where things look quite bad statistically speaking. How
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by samsonradu 6y ago
But when exactly do these get applied? If you can’t settle at the end of a month you go into the next one with 115% of the debt?
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by samsonradu 6y ago
Can someone summarize the average interest-rates banks charge for credit-card debt? I heard some wild numbers a few months ago but they might be outdated.
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by samsonradu 6y ago
> This type of "debt" is fundamentally different from private sector debt or other ordinary forms of debt. It depends. If you are Lebanon and borrowing USD it’s pretty much like a corporate debt and future generations are payi
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by samsonradu 6y ago
You're comparing apples to oranges. Europe is comprised of sovereign states which can and actually have closed their borders. From my understanding, but correct me if I'm wrong, this would be a legal and political nightmare in the
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by samsonradu 6y ago
I understand your point but it feels like it's not addressing the actual issue: Why did the elderly put their life savings into the S&P 500? And why does everybody encourage pumping all your life savings into stocks? A possible ans
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by samsonradu 6y ago
Unfortunately, I’d argue the contrary. Housing prices will further decouple from the economical reality and become a safe-heaven like asset that protects wealth from inflation.
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by samsonradu 6y ago
While it sounds doable in theory, it’s hardly doable in today‘s (well, yesterday’s) market conditions. Low interest rates and an abundance of cheap money looking for yield distort the environment. Your debt-free, slow growth company will be
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by samsonradu 7y ago
Armchair economist here, but isn’t Japan a surplus country with a very strong (safe-heaven) currency? Does that not impede inflation to take off? https://tradingeconomics.com/japan/current-account On a more global note
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British American Tobacco is trying to make a coronavirus vaccine(cnn.com)
1 points by samsonradu 7y ago|0 comments
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by samsonradu 7y ago
There was this joke running on Twitter: If aliens invaded us today our first reaction would be to lower interest rates.
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by samsonradu 7y ago
Then it would be 70% accurate
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by samsonradu 7y ago
I'm guessing they travel a lot and meet/shake hands with people all around the world?
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by samsonradu 7y ago
With the recent movement restrictions I would also expect the car crash death rate to fall considerably so the numbers might be skewed. For 2018 there were 25100 deaths reported for the 28 EU states [1]. [1] https://ec.europa.eu&
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by samsonradu 7y ago
I'm sure a buyer can be found at the right price, it's called supply and demand. We wanted a free market for housing and ended up with EUR 500k studios in Paris. Can't people wrap their minds around the fact that house prices
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by samsonradu 7y ago
> Usually they don't say the quiet part out loud, and yet here we are. I can’t wrap my head around this. Why would any sane person say this out loud, regardless of their opinions? Don’t these people have PR consultants around? What
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by samsonradu 7y ago
They can always sell their property and rent for a while to weather the storm. Relative to the tenant, at least they have something to sell.
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by samsonradu 7y ago
Joke aside, you’re spot on in that the economy can only bear a certain level of rent-seeking. That level is going down now, which might also be seen as a return to normal. Pumping money in ETFs and real estate (aka passive income) can’t enr
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by samsonradu 7y ago
I don't mean to be rude but relying on collecting month-by-month rent from your tenantS to buy your groceries seems like poor financial management. You've bought an asset which is not returning as expected for the time being, but
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by samsonradu 7y ago
You're right to question this. It has been analysed by every executive body around the world. A few observations: - The simulation of how this plays out on a 6M/1Y run might show that the economy will go to a deeper hell otherwise
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by samsonradu 7y ago
My 2 cents on low inflation: - Inflation gets 'exported' along with production to countries with lower manufacturing costs (because globalization). So no inflation but no working class either, resulting in income inequality - a pr
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by samsonradu 7y ago
And that’s why it’s so close to zero - because there’s the gov/fed safety net.
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by samsonradu 7y ago
Sorry but I just can’t see this play out. Consumption will suffer. When foreign tourists stop booking rooms in Copenhagen hotels, how/why keep people on the payroll? Also, isn’t it dangerous to distort the market to such a level? Maybe
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by samsonradu 7y ago
Can’t help seeing the irony of the US being bankrupt by an ilness - someone on Twitter
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by samsonradu 7y ago
Indeed, I've also seen some scary declarations. I was thinking if it wouldn't have been better to be more upfront about the planning fe.: Guys, we either let things run as usual and wait for the virus to spread - and it will spre
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by samsonradu 7y ago
I think everyone agrees (govs included) that this situation is temporary. As soon as the balance inclines the other way as in less damaging overall to actually let the virus spread than current lockdown, the restrictions would be lifted. Wh
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by samsonradu 7y ago
I don't agree here. There's the economy as we know it, which might crash/malfunction but then there is the Real Life™. It might seem that the two are very interconnected and society cannot function without a healthy banking s
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by samsonradu 7y ago
Well, there is no silver bullet here is it? If we're to solve this we'll probably need to tackle it from all sides - isolation, vaccine and treatment.
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by samsonradu 7y ago
My knowledge about industrial manufacturing is slim to none so can someone explain please why is it not possible to (globally) ramp up production of face masks and ventilators to a virtually unlimited quantity? What exactly is the bottlenec
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by samsonradu 7y ago
> I'm shocked that anything works at all, and increasingly I suspect that it does so only because of the unsung heroic efforts of silent minority... I also have the sentiment that many organizations/processes are deeply rotten

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