jjwhitaker
In a physical store, I have ignored the end cap because the product was visibly a smaller volume than a competitor at a similar price. I can also go to the aisle section and directly compare all the options the store presents vs products filtered down and advertised to me by Amazon's algorithms. There is bias but more transparency like bottom shelf vs eye level. Amazon is a black hole unless you still trust their review system.
One of many issues leading into the 2008 crash was how Us mortgages were bundled, rated AAA, then resold as an investment tool. However, the ratings were falsely boosted to promote investment and when the underlying junk mortgages fell through and demand fell off a cliff with the rest of the economy there was no way to flip foreclosed housing to make up losses.
In this case, Danish mortgages are not bundled, rated falsely positive, and not sold as an investment tool like in 2008. Current US auto loans may be much more similar than these Danish loans.
Like racist sites like the Daily Caller sometimes their reporting has facts in it. But also like the Daily Caller, it's a known terrible source until confirmed and expanded by a journalist with ethics.
"It only rains on my birthday. It's raining today - it must be my birthday."
At least I'm not aware of any inversions of the 10-2 bond yield curve in the last 50 years that was not followed by a recession, however minor.
Auto loan defaults are at a high, as is student and household debt (higher than 2007). Those auto loans are often bundled almost exactly like junk mortgages in 2007 leading to a similar investment risk. More americans live paycheck to paycheck than ever before possibly increasing the number needing support should unemployment jump back up to 12%, where it was when Obama took over in 2009. It won't be as bad but the federal government under Trump/GOP has cut taxes and drastically pumped up the deficit putting us in a worse position to weather a recession of any length. Cuts to social programs will also extend a recession or at least increase it's effects as people will still need food and affordable housing. The number on social security will increase while less will be employed to pay in and as SS was used as a piggy bank for GOP spending decades ago that system could go from failing in a few decades to gone.
It could be 6-12 months of job losses and stock market falls like the .com bubble but it could quickly complicate as the government may be slow or unable to respond in traditional ways due to lack of funding, lack of staffing (an existing issue in the current admin), lack of experience of the current staffing, and continued conservative/GOP attacks on social programs and minority groups most likely to be hit hard by any recession.
It's like Jenga. In 2007 a core lower block was pulled and a lot of pieces went with it but we had the leverage federally to hold some in place or put back others like auto manufacturers. This time, the piece may be much higher up but automakers are already suffering under tariffs and the federal government won't have the funding capacity or push by the GOP led government to react in time and, like midwest farmers, that could be the end of an era for some industries.
The trade war is one such blunder that no responsible and informed person thought would do any good long term but was spun as a hard core negotiation tactic. Tariffs are import taxes charged mostly to residents and businesses in the home country or passed to the consumer by the importing firm. This short term harms everyone but could be the straw that pushes a close deal to be ratified. Unfortunately, we didn't have a close deal beyond the TPP and this wasn't a cooperative negotiation but one of necessity framed as USA vs China.
It was never a smart move and was recommended against by nearly all experts or those with experience in the matter and we have reached the logical conclusion of such policies to find that there is no deep state outside of conspiracy forums and our economic outlook and foreign policy is a dumpster fire as Trump is not rational but likely narcissistic and mislead or misinformed by his staff to ignore reality such as the looming economic crisis.
Mainstream media is 30% Fox, by viewership, with most traditional publishers remaining trustworthy in most reporting. 4chan/8chan ties in with Daily Caller types too often to be of any value 99.9% of the time.
There is a liberal majority that votes democrat, not republican. Guess which states make it easier to vote and have a voice in our democracy? It isn't the red ones.
But for some reason, we want to do it our own way with profit seeking companies who can game the system or lobby the government for their benefit, not citizens. Maybe that's BC/BS or the NRA, maybe it's libertarians or conservatives that want smaller government (that time and time again fails like in Kansas or with the federal deficit hawks and their lovely tax cut).
We have solutions in front of us. We just need to shift momentum and get there instead of spinning our wheels and debating doing anything at all.
Instead, a single system under the Us government shifts negotiation of drug prices, care expenses, and more to one entity backed by the government, not just a set of insured customers, which has excessive power to negotiate. Like other nations that function this way, there is no skimming off the top for shareholders or profits and as the only other party at the table suppliers/hospitals can't play opponents against each other or take a kickback to give better pricing to the larger insurer or something.
Ideally, it consolidates and simplifies negotiating pricing or allows the government to step in and say, "No thanks, we'll pass a law or budget for that on our own unless you lower prices or cut a better deal.
Also, a government system could cut out administrative and bureaucratic paperwork like billing, coding, and more potentially removing a large % of overhead costs that exist currently, by default lowering expenses for healthcare similar to Canada.
the biggest issue I see is that about 1/6th of the US economy is built on health care/insurance/etc companies. shifting that away from corporations into private hands could cut tens of thousands of jobs (like billing and adjusters) while shifting that cash flow under the US government as well. There would be fallout as people would need social safety buffer for unemployment or retraining or education. I don't think it could happen without pairing up with reduced/free college and smart expansion of some needs based aid. That requires some sort of tax, maybe like Warren has suggested, to cover intermediate costs and friction.
The good news is it could save the average family over $5000 per year in insurance costs alone while bringing millions out of medical debt and providing a better standard of care and options for everyone. It's not libertarian to shift something under the government but if it makes economic and ethical sense to give such a monopoly to the feds (like with infrastructure, the military, and more) while improving choice for citizens (no longer tied to employer healthcare or entering debt to resolve acute or handle chronic medical issues) it could be a huge boon for choice and freedom. I'd be one of the first to start my own business if I didn't have to worry about my chronic health issues being fully covered and paid for by my employer plan.
In other words, external forces are unpredictable. Although not always the most profitable, proper risk and market assessment of an industry, its trends, and possible future are important considerations when launching a new endeavor. However, if we all knew hens were about to drop to half price tomorrow nobody would be buying today decreasing demand and ballooning supply until the prophecy is self fulfilled.
I'd say there is clear division between white and blue collar conditions and though I don't want in on the warehouse side their main offices would be a major career bump for me. I'd be one of those 3-5 year survival jobs where, like my other AMZN main office employee friends, a promotion means changing teams asap to capitalize on the good PR internally. Like, do my best working long hours on a project, succeed, take my congrats email to another team. As I learn that team's systems, I get time to recover from the last role. Rinse and repeat until I can apply outside for a long term sustainable role.
I'm not saying it's good, but it would be a a jump from my current role and provide a lot of crazy opportunity a smart 20 something could handle. Instead I found a career role with a local company and I'm excited. I wouldn't trade it for any number of AMZN interviews or offers due to the company culture, history, position in the industry, an the quality of the team.
But as a contractor needing a pay bump, AMZN looked great.
For China, this means they can buy gold in USD (that has slowed recently but they usually purchase large amounts of gold regularly) or offer investment cash in USD (for businesses or housing abroad). How the cash is used could be negative like buying US housing to hold or rent but a trade deficit is generally positive for the US.
I like things dense for better use of monitor space, be it Gmail or Reddit. All that dead space is wasted space, minimalism or not.
The sharing with other people component may be specific to the service and with Netflix probably outweighs users actually watching 2 streams on 2 devices whereas with tethering I think it's more likely sharing a connection with another device the subscriber owns like work PC when traveling or a media device on the go like tablet or computer.
But I have the current Raspbian distro in a VM for messing around with as I don't need the hardware up. Once I have a use for the pi in my drawer it's going to be useful
But it won't be for all mankind, just those in wealthy nations and even then only to those who can afford it similar to In Vitro fertilization. The worry becomes further inequality but at a genetic level over just wealth.
If we can eradicate a genetic disease in a few generations, we probably should. But if only the wealthy and powerful are able to then we head toward even more ethical and moral questions.
Though I ended up moving from an old 3DS to the new XL version for the bigger screen after picking up Fire Emblem.