With nearly 900 BILLION dollars of CRE Mortgages coming due in 2024 alone a 5 % default rate has the banks taking losses of 45 Billion. By contrast at the height of the 2008 crisis the rate hit nearly 9%, which would put 2024 losses at over 80 Billion dollars. Then it happens all over again in 2025 when another 20% or so of CRE Mortgages come due!
How do I, a mentally-handicapped retail investor, short the ever-loving shit out of the CRE market? Can plebians like me even purchase credit default swaps?
which is now
loosinglosing value
to everyone’s detriment. Just because some guy’s asset is
loosinglosing value
Because anonymous, but performant, network infrastructure is hard to configure (for non-experts).
the problem with democracy is the people are morons, so we’ve gotta figure out how to protect the idiot plebs from themselves
That is a problem. Representative democracy in our federal republic (the US) aims to mitigate the “tyranny of the dull mob”.
What we need (in the US) is to tweak term limits, introduce ranked voting, and have more direct-vote referendums to help check the power imbalance of plutocrats.
We don’t need to throw out the Socratic Method.
deleted by creator
I see.
Studying Socrates/Plato still has extraordinary value for young minds.
Because some who have questionable values “idolize” a source of knowledge and wisdom, doesn’t mean the source itself is tainted, heretical, and should be purged.
What is a “cryptofascist”?
For his time, Socrates (whether actually real or Plato’s fictional character for the dialogues) was incredibly, dare I say radically, forward-thinking in his ethics.
You guys need to recognize sarcasm.
Difficult through text and no accompanying vocal inflection.
Why would you meet socially at a restaurant if you’re not going to eat, especially one that’s so busy that it’s hard to find seating?
The reasoning is irrelevant.
If I had the table first, and someone came up to me like the OP and said what they said like that, I am perfectly within my rights to occupy that table out of spite and order more, so long as management doesn’t care.
Want a table so bad? Get there earlier or make a reservation. Don’t hurry people along like you own the place, because you don’t.
I think the history is that Hernán Cortes defeated the Aztecs by building an alliance with the other tribes surrounding them who hated them.
::Tinfoil hat:: This is by design and they want you to quit as they are done extracting value from you and firing you is harder than making you quit.
Reverse uno: return to the office, slack off completely, force them to fire you.
Yah! Enclosing in double-tilda is for strike-through in general markdown syntax, I think.
Danke. You truly are a gigachad.
Bruh, I do 30 burpees for every failed unit test. I may be a dogshit coder, but I’m jacked af.
I think you need 2 ~ on both sides of the characters you wish to cross out.
~1 tilda~
2 tildas
Ahhhhhhh…