« First « Previous Comments 41 - 46 of 46 Search these comments
But if you’d applied anecdotes and noticed all the low test people buying expensive houses with no money down and no plan for how to pay their mortgages now let alone if anything happened to their variable interest rates or jobs, you’d have been a little worried.
But if you’d applied anecdotes and noticed all the low test people buying expensive houses with no money down and no plan for how to pay their mortgages now let alone if anything happened to their variable interest rates or jobs, you’d have been a little worried.
but when you see a stripper buying multiple houses, that's a problem.
Data is a tool. As I've said, I use it.
WookieMan saysbut when you see a stripper buying multiple houses, that's a problem.
Ok got it, you guys were out interviewing all the strippers and low test people asking if they bought houses with no money down on a variable rate with no plan to pay their mortgage. That was clever. How many did you check out and how many did you find that met the criteria?
You do remember in the big short it was reams of analytical data (or as you say stats) that sent them out looking for anecdotal strippers to check out.?
WookieMan saysData is a tool. As I've said, I use it.
How do you use data as a tool when there are no sources you trust?
« First « Previous Comments 41 - 46 of 46 Search these comments
2018
2019
2020
2021
2022
After 2022
Backdrop: we're in the 4th turning, 10 years after 2008, 17 years after 9-11 FF, in a mid-term election cycle (who cares?), more student/auto/corporate debt, private central bank interest rates going up (we all care), long in tooth economic (debt fueled) expansion, tariff trade wars coming on (for show or not), continued US military war maintenance globally... we also had a "scare" in February or so of 2018 when stocks dropped 10% or so? Then there's bitcoin, no pets.com or webvan this time, but probably lots of similar angel investment; talk of the US Dollar giving way to a RMB-RBL-RUPEE-ETC "SDR" basket... energy prices are lower but maybe EROEI is lower too and the miracle shale "oil" milkshake is nearly all sucked out
This time more businesses seem to be run smartly than last time. But there are likely other mistakes, and cheap debt again.
Maybe the crash this time is more of a 50% of 2008? (Split into a "2019" -20% and a "2025" -20% to make it all seem less disastrous/epic vs 2008?)
Or maybe it's 200% of 2008 due to USD losing its status? (our military is still Murika Strong)
Or maybe Venezuela, China, Ethiopia, Haiti (always), and EMs are taking it on the chin for us?
FRACTIONS OF PENNIES FOR YOUR THOUGHTS