@johnrobb 25 years ago my wife was working for OIG and reported massive medicare fraud by Armenian organized crime LA. Congress has been told for decades.
@johnrobb Nothing new. As a middle aged guy I can tell you that I experienced this for decades. Hence the laptop and shingle. Build your network, folks.
@Cernovich Used to do these frequently back in the 80s and 90s when rates were high. Banks were amenable as long as they didn't have to eat foreclosure.
Not a fan of the 50yr Mortgage personally. But this is a thing in many counties. Japan has "multigenerational mortgages." Not the end of the world folks. Innovation and just trying something is better than sitting around and complaining.
Every administration now needs to do some sort of "stimulus check" payoff. Bush issued them during the "crisis" then Obama had to give one too, then Trump had to give them during Covid, then Biden. Then he had to give money for student loans. Not normal for a healthy economy.
@BowTiedBull Go visit a high-end golf venue or yacht basin or meet some big donors to a national charity and ask people where they got their money. I'll give you a few specialized tools for major industry, junk yards, scrap metal, bedding, mining, rentals
Reading newsletters, Discord, Yahoo, X and cartoons won't help unless you have a POV grounded in a belief and competence. Otherwise just DCA into S&P.
When experiencing volitility it's important to have a thesis or a narritive to understand why you're holding/selling. And then look at the technicals/numbers and decide if you are/still correct.
@johnrobb long term price of inference/data centers drops. Most interesting is will/can we get the cost of NEW energy down fast enough to avoid pain. Currently energy costs are not too high in most US states for middle class Americans. This could change.
@martyrmade Our social contract no longer includes this. Was replaced around the time of BW with a "responsibility to shareholders." The "responsibility to stakeholders" scam didn't hold thankfully. Disintermediation of our systems makes rebuilding old social contracts nearly impossible.
Seeing a lot of ex-colleagues go down 30-40% in comp.
Have noticed a trend where people peak right around age 40-43 and a massive drop. Right around 20-23 years work experience
Not one has recovered