Lovely Fishnets by sweet-X-december. For more (NSFW) fun with fishnets check out Zillow Book.
From Credit percentage of GDP - all time high of 340% at Bay Area Housing Bubble (quoting Richard Duncan):
"Credit growth drives economic growth. Total credit in the US as a percentage of GDP has grown from 150% in 1969 to 240% in 1990 to 340% today. It is not difficult to understand that rapid credit expansion boosts consumption and investment and employment and asset prices. However, excessive credit growth also eventually causes economic overheating and asset price bubbles. So long as additional credit is forthcoming everyone can simply borrow more this year to pay interest on the money they borrowed last year. Those bubbles pop when the individuals and/or corporations who borrowed the money are unable to pay it. That is the situation we are experiencing today."
Latest Political Calculations Geek Logik calculator: Should you lie?
NYT: The Loan That Keeps On Taking
Without realizing it, the Torralbas had taken a $74,000 “down payment assistance” loan from the man, Pablo Curiel, who now wanted them to pay $679 a month.
In related news this is also worth reading: A Clockwork Mortgage
You can, of course, assume anything you want in a "perfect world," but I notice these helpful economists are not proposing a massive educational campaign designed to teach lenders and servicers and investors not to be greedy, sociopathic cretins. We are proposing that "we" spend "our" money to teach "you" to understand that what is in our best interest--all the options on our side, none on yours, except your "option" to get deeper in debt each month--is really in your best interest.
In other news: Worldwide protests target Japan's porpoise hunts.Andy Ottaway, director of pressure group, Campaign Whale, said: "Dolphins and porpoises are being slaughtered in their thousands in Japanese water, and unlike the larger whales, this secret slaughter continues with little being done to stop it. Even the Japanese public are largely unaware that these appallingly cruel hunts are taking place."
The manner in which the Dall's porpoises are slaughtered is particularly horrible.
"...females with calves are targeted as they are slower and easier to catch. The calves are inevitably left to die as their mothers are cruelly killed."
11 comments:
Murst!
I got a kick out of the close connection between the calculator you posted and this one.
Yes, that was a good one. Those calculators can be quite handy.
Did she pay for those stockings w/ credit? ;-)
Well, yes and no. "Without realizing it" she paid for the fishnets with credit ;).
A commentary on the NYT mortgage article: Do you just want to smack your forehead and say "what were they thinking!?!?!"
I hope she at least got a fixed-rate loan for thsoe fishnets.
In news unrelated to this particular blog post, things seem to be heating up in Burma.
@Ogg,
Yes, the Burma/Myanmar situation could get really ugly. Since China is the country with the most economic influence on them I was disappointed their repeated stance of noninterference today.
Indeed. Myanmar crackdown: Deaths reported
@Ogg,
I had a feeling the situation could culminate into something along the lines of 1988. Given the government's censorship of the media, it is difficult to know what exactly is going on. They claim only one person was killed and three others injured. However, one key difference between now and 1988 is the Burmese bloggers.
BTW, have you noticed that most British journalists continue to call the country Burma while the Americans waffle between Myanmar and Burma?
@ Akubi:
BTW, have you noticed that most British journalists continue to call the country Burma while the Americans waffle between Myanmar and Burma?
Yes, I had noticed that. Is it a legacy of the British occupation of Burma, or is there some political significance?
I would say it has more to do with the political significance. Per Wikipedia:
The renaming proved to be politically controversial.[3] Burmese opposition groups continue to use the name “Burma” since they do not recognise the legitimacy of the ruling military government nor its authority to rename the country. Some western governments, namely those of the United States, Australia, Ireland, and Britain, continue to use “Burma”, while the European Union uses "Burma/Myanmar" as an alternative.[4] The United Nations uses “Myanmar”.
Use of “Burma” and its adjective, “Burmese”, remains common in the United States and Britain. Some news organisations, such as the BBC and The Financial Times, still use these forms.[5][6] MSNBC, The Economist, The Wall Street Journal and others use “Myanmar” as the country name and “Burmese” as the adjective.
Post a Comment