The Trump administration’s deep cuts to the federal workforce and research funding threaten to erode the quality and credibility of “gold standard” US statistics, economists warn: FT
Oh no, who will seasonally adjust the propaganda higher and then revise it lower next month
“Let me get this straight, you can buy a burrito on an interest-free instalment plan?”
“That’s right, and we’re not even based in the Chipotle store.”
“So, you finance this by packaging the burrito instalment loans into Burrito CDO A, which has part of Burrito CDO B and both get put into Burrito CDO C?”
“Yeah. The original loans are backed by burritos. Chicke. Pork. Carne Asada. Whatever. But Burrito CDO C is a synthetic Burrito CDO. A CDO of Burrito CDOs.”
“Ok, let’s say we have an underlying pool of $10,000 in burritos. How much money could be out there betting on instalment loans and your synthetic burrito CDOs?”
“Probably $100,000,000.”
“C’mon! How much bigger is the market for burrito instalment loans than actual edible real-life cheesy burritos?”
“At least 100x.”
“That is fucking crazy.”
“No, it’s awesome.”
the second largest holder of tsla is vanguard lmao. I love when Americans 401k crash! I shoulda been vice president! I coached football!! fucking retard
My tax dollars are a far smaller portion of federal tax revenue, so can I skip paying them this year?
Is this logic a two-way street or just applicable when it's wasting the money I'm forced to pay?
At this point, I am 100% certain that the magnitude of the fraud in federal entitlements (Social Security, Medicare, Medicaid, Welfare, Disability, etc) exceeds the combined sum of every private scam you’ve ever heard by FAR.
It’s not even close.
Meat eaters are better hosts because they care about providing vegetarian options to their guests but the same hospitality is not extended by vegetarians (to serve meat options).