You think that high interest rates keep real estate prices high? That’s the opposite of what happens with high interest rates. People can’t afford to pay as much when interest rates are high (like they are now).

I’m judging solely based on your comments. You are using big words incorrectly. You clearly don’t understand what you’re talking about if you think high interest rates keep real estate prices high. Also, your description of Japan’s economic problems are disjointed and confused, not correct.

It’s not a “failed model”. Japan has issues because banks committed fraud and disguised non-performing loans. There are strict rules in the US about when assets must be “marked to market”. Plus the US has a growing population because we let in immigrants, which supports a growing economy. We are not close to having problems like Japan.

There are also many levers the Federal Reserve can pull to keep banks in check. As I said, they can raise and lower the reserve requirement and raise and lower the overnight lending rate. This can prevent banks from going nuts with lending, but obviously can’t prevent all asset bubbles. Sometimes people are just irrational.

Frankly you seem to be using a bunch of big words and implying that they make a point. Using “ex nihilo” instead of “from nowhere” clinched it for me. Also, you spelled “keiretsu” wrong.

Yes, they still have it. It’s just not in cash.

Fractional reserve banking works because most people don’t need all their money as soon as they get paid. Most businesses keep some money in the bank too. Banks have a required percent of deposits that they must keep on hand to allow these withdrawals. And if they run low on cash, they just borrow money for a day from other banks (literally just one day). The US government can adjust the percent of required reserves or the overnight lending rate to keep banks from lending too much money out.

Banks use this money to loan to businesses or people buying houses. It works well because whenever the money is loaned out it is used for a purchase and just redeposited in another bank. A percentage of that money is retained by the bank and the rest is loaned out again. And again and again. This way money is “created” when people buy things in the economy.

It’s from 2018. Sounds like what you don’t know could fill a warehouse.

Removed by mod

They said AI would take you places. They never said they were places you wanted to go.

There are a lot of people who don’t know the context. Basically Buffett has been advocating for higher taxes on billionaires for decades, possibly longer than many of his younger critics have been alive.

He doesn’t donate much money to politicians though. It’s all going to charity. Although, isn’t that a good thing?

They are. And they’re comparing glorious revolutionary China to the dastardly imperialist pig dogs in the US.

Tankies are a confused bunch.

Plus y’know the unreal amount of money it pays for work that isn’t even that hard once you’ve built the muscles.

Don’t sell yourself short. Pay isn’t about how hard your work is. It’s about how much money the company makes off of you and how quickly they can replace you.

This was obvious during the pandemic when all the “low skill” jobs hiked their wages. It turned out most office jobs were not as important as retail work, so lots of people in retail got raises for the same work.

You are missing the point. They don’t care about black-owned businesses. That’s an excuse to distract you.

For any excuse a Republican gives you, ask “would you be willing to spend tax dollars to fix that problem?” There’s only two reasons they will say yes (I thought up a second one after my last comment):

1. They will make money personally on the scheme.

2. They will propose tax cuts to “fund it” that result in defunding other programs. These cuts will be greater than the program funded, resulting in net tax cuts.

It doesn’t matter. Republican words and proposed policies are justifications to confuse you. It’s an excuse to support the ideas of rich Republican donors, who are idolized by poor Republicans.

The only real policy of the Republican party is “cut taxes for the rich”. That’s their number one idea. The only time they raise taxes is when their donors will benefit monetarily from the taxes. Look at all their statements in this light.

Don’t ask for statistics; ask if they would support higher taxes to benefit black-owned businesses. The answer will definitely be “no”.

They’re not broke. Half of these countries are above $20K GDP per capita:

https://en.wikipedia.org/wiki/List_of_Latin_American_and_Caribbean_countries_by_GDP_(PPP)

The problem with desalination is that it’s expensive and you can’t dump the salt anywhere. It creates a brine that kills fish. That would hurt the environment and the tourism industry.

Not only that, they get a ton of rain every year. They’re tropical islands. There’s enough water, they just need to collect it. Desalination is a technical solution when they really just need boring infrastructure.

It isn’t particularly hard to call this out. Just say “I haven’t done anything since Friday.” And leave it at that.

Be comfortable with silence.

PMs act that way because people above them ask for updates regularly. Bad PMs don’t know how to push back. If you need things done faster, the answer is usually “we need more resources”.

Instrumental covers only, I guess.

Mexican and Korean food are really good, even without meat. Lentil or mushroom tacos are great. Korean food has a lot of fermented food and soy.

I found an interesting article that went into detail on what specifically happened. Your tone indicates that you aren’t going to accept information that contradicts you preconceived ideas. This is for others who may be reading these comments.

“U.S. intelligence estimates that half of the weapons fired by Iran failed upon launch or in flight due to technical issues,” a U.S. Air Force senior officer told The Intercept.

https://theintercept.com/2024/04/15/iran-attack-israel-drones-missiles/

But the test showed them to be a failure? Half the missiles failed on launch and the drones are easily shot down because they’re so slow.

So they got really good data that says their weapons exports kinda suck. If you want to call that a success, go ahead.

Interesting article but this was not a strategic victory for Iran or Israel. Israel had some economic and diplomatic consequences and Iran’s drones are exposed as vulnerable to modern air defenses. Half of their drones and missiles crashed on takeoff. Fewer countries are going to want to buy them after seeing that.

The US, UK, France, and Jordan are the winners because they got a free test taking down a bunch of hostile drones in a real world scenario. They didn’t waste any money that wouldn’t have been spent shooting practice targets anyway.

“Plant based foods”? Fruits, vegetables, oils, nuts, grains? That’s most foods.

Just make your own food people.