Auto the new subprime loan problem?
“Auto bonds increased in kind, as lenders packaged those loans together and sold them as securities on Wall Street, where ratings agencies labeled them as largely safe investments. According to Bloomberg News, lenders sold bonds containing $76 billion in subprime loans in 2021 and 2022. All of this was predicated on the belief that the vast majority of borrowers would continue to make their monthly payments. “Investors are always thinking they’re protected,” said Joseph Cioffi, a partner at Davis+Gilbert in New York who specializes in finance and corporate insolvency. “And the lenders didn’t seem like there was any concern either.””
What be your own bank really means, it you have control over the circulating money supply.
Drag that supply down as demand decreases and you achieve price stability.
Keep it down as demand increases and you achieve a bull run.
Increase the supply with increasing demand and you achieve price stability and “bitcoinization”.
“He that wrestled with us strengthens our nerves and sharpens our skill. Our antagonist is our helper.”
Will space exploration be our great economic driver? Maybe that’s why there’s been such a push on “aliens”. To stoke the imagination. India landing in a lunar pole is big.
I’ve added a few US breweries. Looking for more and globally. If you know any breweries accepting Bitcoin I’d appreciate the tip. Also if you have any feedback on the site I’d appreciate it. Thanks!
Dirty secrets of economy,
Turns that body into GDP,
The bell curve blames the baby's DNA,
But test scores are how much the parents make.
“This evening, the Kansas bank commissioner closed Heartland Tri-State Bank of Elkhart. To protect depositors, the FDIC entered into an agreement with Dream First Bank of Syracuse, Kansas, to assume all of the deposits of Heartland Tri-State Bank. “
Actually it’s equal to 4^15 * 4.
If there are 2^32 ways of arranging 32 bit nonce, why does that not equal 15^8 ways of arranging 32 but nonce as hexadecimal?
Thanks! For sure - I’m just glad I’m not doing “on-call” work anymore. Definitely not fun having to go back to work right before dinner and not getting back until everyone is asleep.
Time is precious, we should be intentional with how we spend it.
I waited for my dad every weekend growing up. Sometimes he showed up, sometimes he didn’t.
But when he did, I was with him the whole day. We’d talk, go to museums, go to the zoo, watch movies, go for hikes, and more.
The time I spent with him was quality, and it was separate from parenting.
As a father now, I want to make this time with my kids. But it’s hard - so much time during the week goes to school and work and dinner and baths, and chores, and the million other responsibilities that seem to take time away.
It’s parenting almost the whole time - weekends are only marginally better often filled up by sports and other preplanned activities.
I’m working on setting aside quality time, taking days off to just be with my kids. I know they’ll appreciate the parenting, but I hope to instill some wisdom and fun too, and just be with them.
Just got a letter from my company. They want me to send them:
- my marriage certificate
- my mortgage agreement / my insurance policy beneficiary designations
- my children’s birth certificates
- my children’s medical records
Not intrusive at all…
Grain deal halt could trigger another supply shock price increase, just as deflation wave was starting to hit.