2,136 karma · joined February 7, 2016
Why are you so interested in getting the vulnerable category even more indebted?
>"oh wise one"
You'll have a hard time in life with that attitude.
All of your support and encouragement of a superbly predatory practice comes from that line. You were happy that nobody broke your legs.
Do compare that with the history of slavery, where outside of conquest, people became slaves because they couldn't fulfill their financial obligations.
> "I mean, no where do they seem to be hinting at creating a government agency for lending of last resort"
North Korea has a government agency that is a collector of debts of last resort. For the debtor, or their immediate or extended family, or friends.
Sadly, nobody will ever know if this is true as the choice doesn't exist.
If the housing market is any example of what happens when entry is eased (low % rates, etc), we are looking at student loans being a lot higher than they are now.
If that wasn't lying, I don't know what is.
Is is probably a safe bet to ignore any news from there until they actually deliver anything and read independent benchmarks.
It is really sad, they used to be very correct in their communication.
It definitely doesn't stop at "maybe a dozen" pages a month.
Wasn't there even a rule from Google that you can't serve different content from what the general public is seeing?
Considering all data is saved forever, how likely do you think your country is to get something similar in the next 30 years?
The comparison isn't on equal footing.
It has to decline, I was giving it 2-5 yeas, but it seems it dropped much faster: https://news.ycombinator.com/item?id=15760415
As for the faster than usual now, my guess is few things. Main contribution is NVidia that had their earnings report, they told the planet flat out gpus aren't selling as well, so the gig that everybody is increasingly mining was called up. Normal people check out, traders can't trade if they can't short it and it's starts going downhill. So anybody that's in the business of not losing money stops the bots. But nvidia the most visible thing that creates sentiment among the crypto-evangelist population it seems.
The other reasons wound be, end of a 40 year bull run across western democracies, end of the minor cycle economy run, add to that a trade war, QT, people overexposed on the houses with HELOCs and stuff from that QT, and everybody will be pulling cash from everywhere since cash will matter fairly soon.
The rest is standard, stock market drop by 20% or much more, asset bubble deflation, etc etc. It's all fairly cyclical.
I mean, if I attend a full day of interviews on site, after 4-5 phone interviews, asking me to code over the weekend after all that will just make me wonder what's wrong with the company.
Whats with the trend lately to constantly trying to solve injustice with more injustice? That's just making more problems instead of less.