Here we go again!

The Guardian has an article about the sub-prime market in US corporate debt which complements the news of slowing global growth wonderfully:

https://www.theguardian.com/business/2019/jan/12/subprime-timebomb-back-companies-lighting-the-fuse

Oh hey, I'm not so bad at this. Congrats Ulisse!

My guess for next year would be $2,500, for what it's worth.

Economists predicted the likelihood of a global recession in 2007 at two in a billion - it was a "six sigma" event. This despite the fact that economics is essentially a history of recessions and depressions. It's not that everyone is stupid - it's that they come to worship the model more than what they're modeling. I would argue that this weakness can also afflict physicists.

I suspect that economists may be more susceptible to this pitfall then physicists. The theoretical underpinnings of economics, as you point out in your discussion of theoretically assumptions and practical results, are purely ideological. Economists whose work reflects a world view which is fundamentally optimistic about capitalism are more likely to insist that major recessions--events which cast doubt on capitalisms benevolent nature--are unlikely (if not impossible, the way many economists talked about a financial crisis in 2007).

$3,220, at the bottom of the trough after the current bubble pops.

Thank you so much! This is incredible, I wasn't sure how I was going to cover January rent. Thank you again!

PM sent. Thanks!

Hi, here I am. How can I claim this?

I just realized someone on here muted me, and I'm not sure what I did wrong :(

That's awesome! When I was 19, I had a staff-like position on a mayoral campaign in my town too. That was also my freshman year of college, so lots of changes all around.

If I'm honest, I'd probably spend an inordinate amount of my free time at the library if I didn't have a computer. Though I'd probably still be reading more books then I am now, which seems like a positive.

I agree completely that society needs to get better at using technology responsibly. Everything in moderation is probably the healthiest stance.

Traveling? Moving off the grid? Willpower? What's prompting the change (if you don't mind my asking)?

Financial considerations. Once my current devices break down, I likely won't be able to replace them. Such are the joys of becoming independent. But like I said, I'm starting to see the bright side of living with pre-1991 technology.

I'm aware of the immigration crisis. If Golden Dawn came to power, we wouldn't see rival Greek and Immigrant armies, like in Yugoslavia. You'd probably see the ongoing anti-immigration violence heighten a bit, but the country would break apart in ideological civil war before XA could begin some kind of mass-murder campaign. If we're looking for historical analogies, Spain in the 30s fits the Greek worse-case scenario a lot better than the breakup of Yugoslavia.

Greece isn't a multi-ethnic state; there are no competing national identities within it borders and no threat of ethnic cleansing.

Sorry about the delayed reply, I don't seem to get notifications for second-level replies.

We're getting closer!

I don't see how either of those apply to the current situation.