while losses like these are large and indicative of poor lending practices for mortgages, there was more at play for the 2008 market implosion. It wasnt just defaults on mortgage-backed securities, but the widespread failure (fraud imo) of rating agencies giving these MBS good ratings, the trillions of dollars of derivatives betting on those false ratings, and the failure (fraud imo) of regulatory bodies to identify and mitigate any of this. A mortgage crisis is surely happening but i doubt the fallout will be anywhere near 2008. but i stopped paying attention to financial regulatory policy in the early trump years after he undid the measly measures obama put in place post-crisis so your guess is as good as mine

deboonking

I know people who see and acknowledge this kind of thing but fell headfirst into the ruzzia bad narrative following the smo, absolutely scoffing at the idea that the western press isn't free or independent. I have a really hard time getting americans to carry over any skepticism from one "media event" (for lack of a better term) to another. its infuriating.

Any other substacks you might recommend? I'm wondering if I can curate a feed, it would be with it too sign up

This is wild. I would imagine you shed some turnout for an incumbent, but this is a reduction over 50%. My vibes based analysis to this point expected this, but the results are so much more extreme

i received an exceptional rating for my year end review, which is accompanied by a 3.25% raise this year. im glad my hard work made me 0.15% richer ahead of inflation!

i actually checked the wh.gov and the TTM inflation for december 2023 was 3.4%, so im not actually richer lol. also 2022's TTM was 6.5%. The average person's income must be 10% higher than in 2021 just to keep up with inflation

Everything remotely bad is attributed to Russian/Chinese subterfuge. I'm reminded of the nordstream explosion. every liberal in my personal life was convinced russia sabotaged their own pipeline. no amount of common sense or evidence could override the decades of propaganda.

Good post

This is their own update as of 1/25, showing 152 workers killed

i haven't seen a few of the other best picture noms, but i agree with this. especially if you are comparing barbie and poor things directly. on its face poor things is better visually, in its direction/acting, and in its plot. beyond that it grapples with its narrative topics better than barbie, chiefly feminism.

bella has more agency as a character than all of the barbies, even as the 'mental toddler' as others describe. and that agency only grows throughout the movie/with her character development.

GOOD post