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Topic: In other news ...

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OrangeAfroMan

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Re: In other news ...
« Reply #21728 on: March 13, 2023, 09:58:46 PM »
When all of the comedic and sarcastic predictions from 15-20 years ago are coming true, this is evidence that everything is broken.  
Our society IS yesterday's satire.
This is a problem.  
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

FearlessF

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Re: In other news ...
« Reply #21729 on: March 13, 2023, 10:30:51 PM »
same as 40 years ago

shit was coming true that had been predicted 20 years earlier

woe is me, the country and the world is going to hell
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

OrangeAfroMan

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Re: In other news ...
« Reply #21730 on: March 14, 2023, 03:45:08 AM »
Yes, saying ho-hum, nothing-to-see-here is sure to improve things.
The first step to fixing a problem is to refuse there's a problem.
Got it.
“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

847badgerfan

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Re: In other news ...
« Reply #21731 on: March 14, 2023, 06:32:01 AM »
I'm open to proposals and solutions. 

Go.
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FearlessF

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Re: In other news ...
« Reply #21732 on: March 14, 2023, 07:22:59 AM »
The sky is falling 
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: In other news ...
« Reply #21733 on: March 14, 2023, 07:49:48 AM »
When all of the comedic and sarcastic predictions from 15-20 years ago are coming true, this is evidence that everything is broken. 
Our society IS yesterday's satire.
This is a problem. 
Are you talking about the US, or the World?
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Cincydawg

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Re: In other news ...
« Reply #21734 on: March 14, 2023, 08:12:53 AM »
I'd rather live in a tent than in some of the "homes" I saw in Egypt.

There was one very odd thing, to me, the "houses" are square blocks of 2-3-4 stories,  the newer ones anyway, and they nearly all (95%) had columns on the roofs with rebar sticking straight up as if the next story was never built and the house was unfinished, but clearly folks lived in the lower floors.

Egypt has built several "new cities" of a million people with apartment blocks going for miles and miles, all the same 4 story block houses, in the middle of nowhere.  One was along the canal, it took us ~30 minutes to pass it.  It was on the east side, the Sinai, and there isn't a lot of means to get across the canal in a car or train.


847badgerfan

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Re: In other news ...
« Reply #21735 on: March 14, 2023, 08:22:05 AM »
I'd rather live in a tent than in some of the "homes" I saw in Egypt.

There was one very odd thing, to me, the "houses" are square blocks of 2-3-4 stories,  the newer ones anyway, and they nearly all (95%) had columns on the roofs with rebar sticking straight up as if the next story was never built and the house was unfinished, but clearly folks lived in the lower floors.

Egypt has built several "new cities" of a million people with apartment blocks going for miles and miles, all the same 4 story block houses, in the middle of nowhere.  One was along the canal, it took us ~30 minutes to pass it.  It was on the east side, the Sinai, and there isn't a lot of means to get across the canal in a car or train.


Labor camps?
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Cincydawg

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Re: In other news ...
« Reply #21736 on: March 14, 2023, 08:34:25 AM »
I doubt it, they buildings looked "nice", they were new at least.  Another city was called "New Qena".  We passed it on the bus, our tour guide was very proud of it.




Honestbuckeye

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Re: In other news ...
« Reply #21737 on: March 14, 2023, 09:01:01 AM »

https://twitter.com/stillgray/status/1635285828850311172?t=mH_a0WqfimQsV2Zr9doDsg&s=19
Except…..that’s not at all what is happening.

Small depositors ( ($250k for an individual and multiple times that for accounts with a beneficiary- so I’d you have a second account with $$250k with a beneficiary now your up to $500k) are covered by FDIC insurance, which is paid for by banks. 

The investors at SVB with deposits were fintechs and startups- with hundreds of millions in deposits.  They placed them there at SVB because SVB was one of a few banks known to be willing to loan money to those high risk businesses- in return for deposits.

Extremely poor management of the asset/liability matching, during a period of super high inflation ( spurred by record government spending- forcing the fed to rapidly increase interest rates)is the primary set of issues. 

There are other factors contributing- but there is no way to detail them without them sounding political ( which is NOT the intention) and turning this conversation into a tribe v tribe dialogue as usual. 
Get your facts first, then you can distort them as you please.
-Mark Twain

847badgerfan

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Re: In other news ...
« Reply #21738 on: March 14, 2023, 09:17:54 AM »
Except…..that’s not at all what is happening.

Small depositors ( ($250k for an individual and multiple times that for accounts with a beneficiary- so I’d you have a second account with $$250k with a beneficiary now your up to $500k) are covered by FDIC insurance, which is paid for by banks. 

The investors at SVB with deposits were fintechs and startups- with hundreds of millions in deposits.  They placed them there at SVB because SVB was one of a few banks known to be willing to loan money to those high risk businesses- in return for deposits.

Extremely poor management of the asset/liability matching, during a period of super high inflation ( spurred by record government spending- forcing the fed to rapidly increase interest rates)is the primary set of issues. 

There are other factors contributing- but there is no way to detail them without them sounding political ( which is NOT the intention) and turning this conversation into a tribe v tribe dialogue as usual. 
Did you read that WSJ article I posted? I made it a free link for those who don't subscribe to it.
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847badgerfan

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U RAH RAH! WIS CON SIN!

Cincydawg

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Re: In other news ...
« Reply #21740 on: March 14, 2023, 09:25:36 AM »
Yes, saying ho-hum, nothing-to-see-here is sure to improve things.
The first step to fixing a problem is to refuse there's a problem.
Got it.
The first step in solving a problem is to define it as accurately as possible.

The second step is to pose possible solutions.  And often there really aren't any that are practicable.

Cincydawg

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