If I borrow $1,000,000 at 0% interest at 3% inflation and put it in an inflation-proof investment (like housing), in 30 years it would be worth $2.5 mil. The 'real' interest rate is negative, it's free money.
moujikman
joined 3 years ago
I used to love it as a socratic tutor. All I need it to do is ask reasonable questions to challenge my understanding. But later releases of chatgpt made it too focused on giving you the answer.
Interest rates remain high so the squeeze is still happening.
It's a confidence scam. Make Biden appear as a trusted figure. Present a false dichotomy by presenting the election as a critical choice between stability and chaos. Then create a sense of urgency then lean into the bandwagon effect to finish it off.
When manufacturing comes back to the US is likely a leading indicator.
Can we somehow change the title to something less traumatic to read? I would appreciate it, I didn't enjoy having read that.
The criteria for the GDP measure changed in 2009 which put a heavier weight on R&D capitalization. This makes it an unfair comparison since China economy is mostly manufacturing-based. The fact that their growth rate is so high despite this is very notable.
He was a physics phd with a focus in gravitational waves, never a professor. His phd thesis has 0 citations.
Drug trade: Afghanistan is the world's largest producer of opium, which can be refined to make heroin.
The illicit drug trade isn't just heroin, it's moving opioids into India so they can be resold to the pharmaceutical industry for our legal-opioid epidemic.
China doesn't need to produce the fast chips because their comparative advantage is in quantity manufacturing.
The "Old Boys Club" isn't a profit maximizing decision so we don't do it anymore.
The next auction round starts in 5 minutes as you franticly hit 'accept' for the dynamically priced minimum bid. You forgo the premium sauce package just incase the bidding gets competitive. Up next is the Big Mac, lot of 1, and you're hungry. You don't have time to do the next 15 minute auction round, you're got to get back to the job. You take note of the shill bidder on company payroll in the corner but there's a big group today since it's the lunch rush so it'll probably be competitive. You hope he doesn't notice that you've put on makeup to cover up your gaunt look. Today you're eating. You even tried to throw off your coworkers by telling them you were going somewhere else but you still notice a few people there. Bidding starts at $25.54, about an hours wage. You grasp your phone tightly as your tap your finger to increase your bid. It climbs to $55.44 as some people walk out of the restaurant looking dejected. $65.95. You know you won't eat dinner, this small luxury is enough to satisfy you. You're top bidder, only a few seconds remain. You look up to see the shill bidder snarl at you as he stares directly into your eyes and taps once on his phone. He knows he can push you. Your heart sinks as you see the price, $135 even. You frown as you place your final bid. 'Congratulations' appears on your phone.