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aslgbb

7 karma · joined December 29, 2023

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aslgbb··on True Rate of Unemployment
Maybe social forces as well. I don't have the same 'local trust networks' that my parents did for finding someone nearby to do something--probably because I spend most of my time online. And I had more confidence in what I found in the paper Yellow Pages that got delivered to my door than I do in what is presented in an online search, say, for local contractors.
aslgbb··on Fearing losses, banks are quietly dumping real estate loans
Just have the Fed take it. They've already printed enough money to buy $2.4T in 'mortgage-backed securities', what's a few more $T on the pile?

https://fred.stlouisfed.org/series/WSHOMCB

aslgbb··on Limitarianism: The Case Against Extreme Wealth
There are only two measures of money: No money and not enough money. (Steinbeck)
aslgbb··on Half of high school seniors won't apply to colleges costing more than $40k
Most private schools are heavily discounted from their advertised price--currently well beyond 50% discount on average (see below)--so don't focus too much on sticker price. The old wisdom among the college marketers was 'high prices [i.e., tuition sticker prices] send a signal of quality in the market' and that worked for quite a while. ('Ha! I got a great education and a great discount!') The Forbes article might suggest that's not the case any more.

https://www.nacubo.org/Press-Releases/2023/Tuition-Discount-...

aslgbb··on "No inventions; no innovations" A History of US Steel
Ticker symbol is "X". I wonder who gets that when US Steel is no longer traded . . .