Yea I was being as neutral as possible in my answer. I agree it absolutely would be worse than 2008. I don't think nationalizing the assets are going to work in this environment. The best we can hope for is regulation, but in the specific situation no one really did anything wrong. A Global pandemic flipped norms on their head.
phillaholic
joined 1 year ago
The really rich can loose more shirts than any of the rest of is will own in 10 lifetimes and not be meaningfully impacted. Not only do they have other shirts, when the fire gets put out they still have the capital from other places that they will use to buy up the pieces at rock bottom prices and profit throughout the rebuild. Outside of situations like the whole GameStop situation from a bit ago, you're not going to screw over ultra rich people by having markets fail. Everyone else will suffer why they are mildly inconvenienced.
A collapse of the commercial real estate market would spill over to the larger market and most certainly impact any investments you have. We don’t really want banks to go under in big ways, it always ends up hurting the poor and middle class the most.
Do you want to pay more just to get all that up and running though?
Jon is a smart man. If he were to become President, he would have to make the same kind of hard decisions that Obama made that were unpopular among the public. Being a world leader is like that ethics question of changing the direction of a train to run over 1 person vs 10.
More or less yea.
The Original Macintosh was an attack at how shitty IBM was.
It’s was too much hassle for too little profit. Their bread and butter is having regular people not remember they still exist.
Legally they can’t stop you, but they are doing it anyway. I haven’t tried ignoring them.
Stores near me require you to weigh and print a label in the produce section. You scan the label at the register like anything else.
In the produce section you either type in the four digit number or select from a list.
Depends on the store. Some of them are terrible. Tiny areas to checkout an entire grocery car sucks. Especially when it weighs as you go, then hits the weight limit and apparently just starts ignoring the requirement.
There could be individual banks over-leveraged in commercial real estate, but those aren’t important. At this scale it’s large enough to cause a a major recession or crash. We’ve seen smaller banks fail recently.