Bad With Money 2018: When I die, bury me in the blockchain.

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Giant Isopod: Jan 30, 2010; Bathynomus giganteus; Yams Fan

Anti-Semitism is bad with money

article posted:

Key takeaways:

• German households in counties where historical anti-Semitism was more pronounced are less likely to use banking services or to keep their savings in a bank, though their access to banking services are no different than in other counties.
• Families in counties with higher rates of historical anti-Semitism are less likely to have a mortgage, though they are no less likely to own a home.
• Present-day anti-Semitism and ownership of stocks are negatively associated: In other words, someone who holds anti-Semitic beliefs is less likely to own stocks.
• Households in counties that saw anti-Semitic pogroms around the Black Death in 1349 are today about 12.5 percent less likely to own stocks.
• Households in counties where historical anti-Semitism (expressed both in 1349 and the early 20th century) was one standard deviation higher than the mean are about 9 percent less likely to hold stocks. This difference, the authors note, compares to the difference in stock market participation between someone with a college degree and someone without the degree.
• A one standard deviation increase in historical anti-Semitism is associated with an 8-percentage point drop in trust of local banks.
• Present-day distrust in finance is higher in counties with historically higher anti-Semitism.

# ? Oct 3, 2017 17:09

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# ? May 17, 2024 19:15

totalnewbie: Nov 13, 2005; I was born and raised in China, lived in Japan, and now hold a US passport.

I am wrong in every way, all the damn time.

Ask me about my tattoos.

My ex-roommate liked to keep the place at 69 F, except he never turned it back up.

When I left the country for two weeks, our power bill went up 100%. So glad he's gone.

# ? Oct 3, 2017 17:26

Konstantin: Jun 20, 2005; And the Lord said, "Look, they are one people, and they have all one language; and this is only the beginning of what they will do; nothing that they propose to do will now be impossible for them.

Silver is also an easier sell because it's much cheaper than gold. $200 buys a tiny gold coin, but it can also buy about a dozen large silver coins that look a lot more impressive.

# ? Oct 3, 2017 19:30

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

quote:

Families in counties with higher rates of historical anti-Semitism are less likely to have a mortgage, though they are no less likely to own a home.

That seems good with money, at least.

# ? Oct 3, 2017 19:53

Relevant Tangent: Nov 18, 2016; Tangentially Relevant

Giant Isopod posted:

Anti-Semitism is bad with money

All of those things in the quote box are completely rational and GWM.

# ? Oct 3, 2017 19:56

Tiny Brontosaurus: Aug 1, 2013; by Lowtax

Relevant Tangent posted:

All of those things in the quote box are completely rational and GWM.

"Don't have a bank account" say the cunning financial minds of the BWM thread.

# ? Oct 3, 2017 20:27

Hoodwinker: Nov 7, 2005

Relevant Tangent posted:

All of those things in the quote box are completely rational and GWM.

Don't own stocks and trust the banks, give me all of your gold to bury in the yard!

# ? Oct 3, 2017 20:41

Relevant Tangent: Nov 18, 2016; Tangentially Relevant

They distrust local banks. If you're going to trust a bank, multinational ones are far less likely to collapse than local ones.

# ? Oct 3, 2017 20:42

Tiny Brontosaurus: Aug 1, 2013; by Lowtax

Relevant Tangent posted:

They distrust local banks. If you're going to trust a bank, multinational ones are far less likely to collapse than local ones.

"Make poo poo up" say the cunning financial minds of the BWM thread.

# ? Oct 3, 2017 20:48

Vox Nihili: May 28, 2008

Giant Isopod posted:

Anti-Semitism is bad with money

"Families in counties with higher rates of historical anti-Semitism are less likely to have a mortgage, though they are no less likely to own a home."

Uhhh.

E: beaten

# ? Oct 3, 2017 21:13

Vox Nihili: May 28, 2008

Relevant Tangent posted:

They distrust local banks. If you're going to trust a bank, multinational ones are far less likely to collapse than local ones.

Your friendly local credit union vs. International Fraud & Derivative Investment Co.

# ? Oct 3, 2017 21:15

Yawgmoth: Sep 10, 2003; This post is cursed!

Relevant Tangent posted:

They distrust local banks. If you're going to trust a bank, multinational ones are far less likely to collapse than local ones.

Ah yes, trusted financial institutions such as Wells Fargo are much better than the bank whose board of trustees I could call up directly.

# ? Oct 3, 2017 21:21

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

Yawgmoth posted:

Ah yes, trusted financial institutions such as Wells Fargo are much better than the bank whose board of trustees I could call up directly.

The poster didn't say they were better, just that they were less likely to collapse.

# ? Oct 3, 2017 21:21

paragon1: Nov 22, 2010; FULL COMMUNISM NOW

Subjunctive posted:

The poster didn't say they were better, just that they were less likely to collapse.

They were talking about trust, of which the answer to the question "how likely are they to defraud me and what can I do about it" is an important component.

# ? Oct 3, 2017 21:47

brugroffil: Nov 30, 2015

Relevant Tangent posted:

They distrust local banks. If you're going to trust a bank, multinational ones are far less likely to collapse than local ones.

When I think of trustworthy companies, I think of multinational banks like HSBC, Wells Fargo, Chase, etc.

e: as long as my bank has FDIC insurance, why should I really care if they collapse? sure it might be a little bit of a pain in the rear end to transfer account info and autopays, but the odds of it collapsing are low. that's, uh, also not why antisemites distrust banks.

# ? Oct 3, 2017 21:56

Ornamented Death: Jan 25, 2006; Pew pew!

I feel like this is relevant to the thread: the IRS has awarded Equifax a multimillion dollar fraud prevention contract.

# ? Oct 3, 2017 22:09

Virtue: Jan 7, 2009

I need an update from the Miami dude

# ? Oct 3, 2017 22:54

therobit: Aug 19, 2008; I've been tryin' to speak with you for a long time

Vox Nihili posted:

International Fraud & Derivative Investment Co.

I would bank there.

# ? Oct 3, 2017 23:01

Tiny Brontosaurus: Aug 1, 2013; by Lowtax

Yawgmoth posted:

Ah yes, trusted financial institutions such as Wells Fargo are much better than the bank whose board of trustees I could call up directly.

That's irrelevant, since the article doesn't mention a single thing about local banks. Anti-semites are less likely to participate in banking, period. He just made the local bank thing up to pretend he has an opinion other than "antisemitism is perfectly logical."

# ? Oct 3, 2017 23:02

crazypeltast52: May 5, 2010

Tiny, where does that picture of little brontosauruses (that looks wrong, is it brontosaurs?) come from? They are adorable and I would want a BWM quantity of them, although I was somehow able to resist the old Nessie ladles.

# ? Oct 3, 2017 23:10

Volmarias: Dec 31, 2002; EMAIL... THE INTERNET... SEARCH ENGINES...

Ornamented Death posted:

I feel like this is relevant to the thread: the IRS has awarded Equifax a multimillion dollar fraud prevention contract.

At least they know how to verify the personal information on everyone that they just lost.

# ? Oct 3, 2017 23:18

Hoodwinker: Nov 7, 2005

Tiny Brontosaurus posted:

That's irrelevant, since the article doesn't mention a single thing about local banks. Anti-semites are less likely to participate in banking, period. He just made the local bank thing up to pretend he has an opinion other than "antisemitism is perfectly logical."

quote:

� A one standard deviation increase in historical anti-Semitism is associated with an 8-percentage point drop in trust of local banks.

# ? Oct 3, 2017 23:22

canyoneer: Sep 13, 2005; I only have canyoneyes for you

I have a friend who is a partner at a family law firm. He sometimes gets offers of weird things to use as payment for representation in things like divorce, custody cases, whatever.
He's been offered cars, motorcycles, firearms, real estate, and boats in trade. Most times he has to insist on cash, but he ended up taking a boat once. It's a nice little ski boat, he's had it for 4 years and his family really likes it

I'll have to ask him if anyone ever offered a horse.

He did tell me that one of the most complex will and estate settlements he ever worked on was with from a deceased man with children from different marriages, two divorced spouses, a business, multiple homes and significant value in other assets.
The guy had no will. At all. Had done zero estate planning.

The deceased's occupation? A lawyer, one who specialized in wills and estate planning.
As he told me this story, he also admitted that he doesn't have a will either. :v:

# ? Oct 3, 2017 23:29

Hoodwinker: Nov 7, 2005

canyoneer posted:

I have a friend who is a partner at a family law firm. He sometimes gets offers of weird things to use as payment for representation in things like divorce, custody cases, whatever.
He's been offered cars, motorcycles, firearms, real estate, and boats in trade. Most times he has to insist on cash, but he ended up taking a boat once. It's a nice little ski boat, he's had it for 4 years and his family really likes it
I'll have to ask him if anyone ever offered a horse.

He did tell me that one of the most complex will and estate settlements he ever worked on was with from a deceased man with children from different marriages, two divorced spouses, a business, multiple homes and significant value in other assets.
The guy had no will. At all. Had done zero estate planning.

The deceased's occupation? A lawyer, one who specialized in wills and estate planning.
As he told me this story, he also admitted that he doesn't have a will either.

I got to the end of this post and was very sad that a sad trombone noise didn't play automatically through my computer speakers.

# ? Oct 3, 2017 23:32

Subjunctive: Sep 12, 2006; ✨sparkle and shine✨

Thanks for the reminder to update my will. :hfive:

# ? Oct 3, 2017 23:34

AreWeDrunkYet: Jul 8, 2006

Not entirely unusual for people who do something professionally to not want to deal with it in their personal lives. Not that it makes not having a will less foolish.

# ? Oct 3, 2017 23:37

spog: Aug 7, 2004; It's your own bloody fault.

AreWeDrunkYet posted:

Not entirely unusual for people who do something professionally to not want to deal with it in their personal lives. Not that it makes not having a will less foolish.

See also builder's houses and mechanic's cars.

# ? Oct 3, 2017 23:46

Relevant Tangent: Nov 18, 2016; Tangentially Relevant

Tiny Brontosaurus posted:

That's irrelevant, since the article doesn't mention a single thing about local banks. Anti-semites are less likely to participate in banking, period. He just made the local bank thing up to pretend he has an opinion other than "antisemitism is perfectly logical."

Actually it's the last factoid in the box.
Excuse me, second to last factoid.

Relevant Tangent fucked around with this message at 00:10 on Oct 4, 2017

# ? Oct 4, 2017 00:07

Motronic: Nov 6, 2009

Virtue posted:

I need an update from the Miami dude

Surprisingly, /u/IPatEussy never came back to the thread to respond. Bur he's still actively buying/swapping PC parts.

# ? Oct 4, 2017 00:42

Tiny Brontosaurus: Aug 1, 2013; by Lowtax

crazypeltast52 posted:

Tiny, where does that picture of little brontosauruses (that looks wrong, is it brontosaurs?) come from? They are adorable and I would want a BWM quantity of them, although I was somehow able to resist the old Nessie ladles.

I don't know and I wish I did! It kinda looks like it might be from an Etsy posting? I resisted the Nessie ladles too but I do have a t-rex pasta server and he is my best friend :3:

Relevant Tangent posted:

Actually it's the last factoid in the box.
Excuse me, second to last factoid.

I'm glad that your ~~bigotry~~ "logic" will keep you poor.

# ? Oct 4, 2017 00:53

Moneyball: Jul 11, 2005; It's a problem you think we need to explain ourselves.

Can we please avoid the bi-monthly TB argument?

# ? Oct 4, 2017 01:03

Relevant Tangent: Nov 18, 2016; Tangentially Relevant

Tiny Brontosaurus posted:

I don't know and I wish I did! It kinda looks like it might be from an Etsy posting? I resisted the Nessie ladles too but I do have a t-rex pasta server and he is my best friend

I'm glad that your ~~bigotry~~ "logic" will keep you poor.

I'm not German, which is the only people the article applied to, which you'd know if you'd bothered to even skim the box never mind the article. Also, I'm not anti-Semitic, despite your beliefs to the contrary.

# ? Oct 4, 2017 01:04

Day Man: Jul 30, 2007; Champion of the Sun!

Master of karate and friendship...
for everyone!

I don't see why not having a will is foolish. I mean, you're not the one who will have to deal with the mess.

# ? Oct 4, 2017 01:05

Fuzzy Mammal: Aug 15, 2001; Lipstick Apathy

Day Man posted:

I don't see why not having a will is foolish. I mean, you're not the one who will have to deal with the mess.

Presumably you have people you care about and you'd prefer not to let your estate fall in to infighting and acrimony? Not to mention probate potentially taking a big chunk out of it for no reason, which is surely BWM.

# ? Oct 4, 2017 01:12

Vox Nihili: May 28, 2008

Fuzzy Mammal posted:

Presumably you have people you care about

Goons.

# ? Oct 4, 2017 01:32

Day Man: Jul 30, 2007; Champion of the Sun!

Master of karate and friendship...
for everyone!

Fuzzy Mammal posted:

Presumably you have people you care about and you'd prefer not to let your estate fall in to infighting and acrimony? Not to mention probate potentially taking a big chunk out of it for no reason, which is surely BWM.

It's more careless than foolish, is what I'm saying

# ? Oct 4, 2017 01:33

Tiny Brontosaurus: Aug 1, 2013; by Lowtax

Moneyball posted:

Can we please avoid the bi-monthly TB argument?

Sure, how about punishing people who think anti-semitism is cool and good instead of calling black women "it"? One of your lovely mod friends gave me a three-day for so much as mentioning you did that, btw, so congrats, dehumanizing minorities pays dividends, and as we know, dividends are gwm.

# ? Oct 4, 2017 01:43

Vox Nihili: May 28, 2008

Tiny Brontosaurus posted:

Sure, how about punishing people who think anti-semitism is cool and good instead of calling black women "it"? One of your lovely mod friends gave me a three-day for so much as mentioning you did that, btw, so congrats, dehumanizing minorities pays dividends, and as we know, dividends are gwm.

You're winning!!! Keep it up!! Yeah!!!

# ? Oct 4, 2017 01:50