With nearly 900 BILLION dollars of CRE Mortgages coming due in 2024 alone a 5 % default rate has the banks taking losses of 45 Billion. By contrast at the height of the 2008 crisis the rate hit nearly 9%, which would put 2024 losses at over 80 Billion dollars. Then it happens all over again in 2025 when another 20% or so of CRE Mortgages come due!
How do I, a mentally-handicapped retail investor, short the ever-loving shit out of the CRE market? Can plebians like me even purchase credit default swaps?
which is now
loosinglosing value
to everyone’s detriment. Just because some guy’s asset is
loosinglosing value
Because anonymous, but performant, network infrastructure is hard to configure (for non-experts).
the problem with democracy is the people are morons, so we’ve gotta figure out how to protect the idiot plebs from themselves
That is a problem. Representative democracy in our federal republic (the US) aims to mitigate the “tyranny of the dull mob”.
What we need (in the US) is to tweak term limits, introduce ranked voting, and have more direct-vote referendums to help check the power imbalance of plutocrats.
We don’t need to throw out the Socratic Method.
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I see.
Studying Socrates/Plato still has extraordinary value for young minds.
Because some who have questionable values “idolize” a source of knowledge and wisdom, doesn’t mean the source itself is tainted, heretical, and should be purged.
What is a “cryptofascist”?
For his time, Socrates (whether actually real or Plato’s fictional character for the dialogues) was incredibly, dare I say radically, forward-thinking in his ethics.
You guys need to recognize sarcasm.
Difficult through text and no accompanying vocal inflection.
I think the history is that Hernán Cortes defeated the Aztecs by building an alliance with the other tribes surrounding them who hated them.
::Tinfoil hat:: This is by design and they want you to quit as they are done extracting value from you and firing you is harder than making you quit.
Reverse uno: return to the office, slack off completely, force them to fire you.
Yah! Enclosing in double-tilda is for strike-through in general markdown syntax, I think.
I think you need 2 ~ on both sides of the characters you wish to cross out.
~1 tilda~
2 tildas
You don’t need the “literally”.
And, while I’m at it, others may be revisionists, you lack nuance.
At a surface level, you’re correct the Android re-design in 2008 was primarily because of the arrival of the iPhone in '07. The reason for the re-design was the inclusion of a touch-screen in Apple’s hardware spec. Apple was not the first company to introduce mobile computing handsets with touch screens; that honor goes to IBM.
Android was founded in 2003, and was looking to come into the digital camera market initially, before their acquisition by Google. Then they were looking to compete against Blackberry and Windows phones. UI design experiences have been playing off each other since the beginning.
Apple doesn’t solely define the market, and people who work for them wouldn’t assert that. They define their niche, which is the smarter business proposition.
The iPhone still defines the market.
Nah. It’s part of it. A big part. But the audience here is probably not really Apple’s iPhone audience.
I have been raped before, and “enjoy” trauma from it into my 40s. It’s a perfectly fine subject to poke fun at and gasp is therapeutic to do so.
That specific joke was meh, but to say no rape jokes are funny? Please.
Promptly shove the pearls you clutch into your self-righteous ass, you unfunny sanctimonious twat.