“Americans prefer the suburbs since that’s where the majority choose to live.”
Is analogous to:
“Americans prefer car dealerships since that’s where the majority buy new cars.”
Revealed preference arguments break down when consumer choices are constrained or distorted.
"Of all the things I saw in Ukraine, the most painful was the sadness in the eyes of Ukrainians who love America. ... Ukrainians don’t understand how the successor of American presidents who were apostles for freedom ... can’t see that Ukraine’s cause is the free world’s cause."
My favorite part about the DoD religion list is that a Department that didn't understand at the beginning of the GWOT that there's a division between the two kinds of Muslims didn't recognize there are two kinds of Muslims*
*obviously more than that, but big picture
Mortgage affordability remains under pressure.
A median-priced existing home with 20% down now carries an estimated ~$2,128/month P&I payment — still elevated since the 2022 rate shock and back above recent lows.
The problem: inflation pressure is reaccelerating, and markets are increasingly pricing the risk that the Fed’s next move is a hike, not a cut.
Its impressive how people cannot form the connection of NATO with American patriotism.
We are the leader of the most powerful and influential military alliance in human history. That is something to take immense pride in.
Unless, of course, you're dumb. Like many of the replies
@TylerJChap@MarceloLima@DamirWallener I think it’s an amazing company. And at a better valuation I think it’s great. I bought on the secondary at 90B.
That’s different than 1T
@RB1Gibbs@Hungoverdaily_@Page11_RJ@J6ixGod Yeah this feels like the old games that would get better every year in some way. Madden had been drip feeding features from 2007 and calling them new until like 2 years ago. Good to seem them trying to step up.
The big thing about 25 is that all those systems were new. Not just the systems we see but the systems that needed to built internally to work on the game. 26 I think was about really getting a handle on what they had. Agree on the gameplay taking a step back, someone definitely told them to make on field more consistent with madden (read: hot ass).
A guy calls his broker and asks about egg futures.
Broker says they’re at 25 cents.
Guy says, “Alright, buy me 100 contracts.”
A week later he calls again.
Broker says, “Good call. They’re at 35 cents now.”
Guy gets excited and buys 1,000 more.
Few days later, he calls again. Eggs are at 50 cents.
Now he thinks he’s a genius, so he buys 100,000 contracts.
Next day they’re at 65 cents. He buys a million.
Then they’re at 95 cents. He buys another million.
Then $1.25. He buys another million.
Next day, eggs are trading at $1.75.
He finally thinks, alright, this is probably enough. Time to take profit.
So he tells his broker, “Sell 2 million contracts.”
After a long silence, broker finally says:
“Sell to who? You’re the egg guy.”