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fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:


lol

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fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

bob dobbs is dead posted:

scroll down to ideal and actual 401k balances, lol at the comparison. power law distributed, of course

https://www.personalcapital.com/blog/retirement-planning/average-401k-balance-age/

look also at the personal capital users dealie. this is mint for 6 figgie computer touching fucktards like me, so those are the figures for upper middle class peeps

lol irl

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

i skipped the last 2000 pages. has number gone up?

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

mila kunis posted:

rents and mortgages being frozen is a huge deal though that's a massive difference to here

i live in china and my rent isn’t frozen. maybe some places are doing it idk, china is extremely regional re: the rules

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

mila kunis posted:

is there a good writeup on how china handled covid? not in terms of social distancing or quarantine, but economically. like how they went about UBI/bailouts/nationalizations if any, or did they let people just go broke and hungry like the usa?

not really sure the answer to this but in general in china all the details are very different regionally. every province and city has a lot of leeway in how they implement different systems so id expect such a write up doesn’t really exist

i saw some places were distributing food directly to housing communities, some places did nothing of the sort. some places were aggressive in making sure stores weren’t jacking up the prices of essentials but it wouldn’t surprise me if that happened anyway in smaller cities especially

china also already nationalized tons of large companies anyway.

i heard about mortgage freezes in some places but home ownership rates in china are generally very high and mortgages are a fairly recent thing, with proportionally more people living in houses they own outright and as mentioned above people in china tend to save a lot and avoid going into debt in the first place

that said i do know a few people who have lost their jobs. haven’t seen any figures on it but estimates ive heard are saying the unemployment rate is historically high right now

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

BUG JUG posted:

Management just sent out an email telling us how horny they are for us to come back to the office. They have come up with an innovative idea: have managers go around and take every employee's temperature daily.

why not just have a guy standing at the front door with an ir thermometer, testing everyone going into the building

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

PIZZA.BAT posted:

idk it's hard to lay the blame solely at obama's feet when it was also the birth of facebook's weaponization. not saying he couldn't have done more but the deliberate poisoning of the well that happened in the intervening years totally primed us

its pretty easy. watch:

it's obama's fault

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

V. Illych L. posted:

no, he absolutely didn't, bush was a *terrible* president and was installed by judicial coup

with gore you might've seen more clintonite liberal interventionism, but iraq was a pure party-political creation by bush's posse of neoconservative psychopaths and would not have happened under gore. the sheer extent of surveillance state expansion under bush would've also been curtailed

it is legitimately difficult to overstate just how awful bush was, and for all his faults gore did actually believe in climate change fairly early on and might've established a consensus on the issue

yeah if we had more carbon credits back in the early 2000s we wouldnt a climate catastrophe today

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

V. Illych L. posted:

we would, but the issue would likely be quite a bit less controversial. atm denialism is a big thing

does anyone in power deny it still?

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

TACD posted:

loving lol

i mean, i thought the bigger problem now is people saying yeah climate change is real, who cares, got mine.

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

2reachmu posted:

You didn't even mention the 96 Telecom bill.

or the rapes

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:


socks the cat is dead after being abandoned by the clintons the instant bill left the white house. lol.

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Cup Runneth Over posted:

he outlived buddy by 7 years

probably because the clintons kept buddy

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Bernie Panders posted:

the only thing that matters is congress not authorizing more money going monthly to citizens. if that's not happening, of course people are going to return to work, they need money to literally eat.

im still waiting for my $1200

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

The Alpha Centauri posted:

wet markets in america

what could go wrong

america already has wet markets, it just calls them farmers markets

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Rutibex posted:

i donno what farmers markets you've been to but i have never seen one where they butcher live animals while you wait

i havent been to a wet market that does that since 2010 either

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Nonsense posted:

i know some people going on a cruise for a family reunion in august. Royal Caribbean.

lol

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Horseshoe theory posted:

Borrowing with collateral only works if your stock doesn't end up making GBS threads the bed like Theranos, WeWork, etc., which could trigger call provisions in the loans. So, for example, if you're Jeff Bezos and use some Amazon stock as collateral, a loan is as fungible as selling the equity for cash since banks will treat it the same and you won't trigger the call provisions, but if you're Holmes or Neumann, you can get owned pretty hilariously if the value of the collateral craters (which is what happened - Neumann is currently litigating with Masa Son/Softbank about Son basically not backstopping his loans right now and IIRC part of Holmes' criminal fraud charges may have been bank fraud/wire fraud-related to certain loans).


You can't offload all your stock (or even a big chunk) at once, or else you'll crater the share price by flooding the market with shares, 'killing the Golden Goose' and weakening the funds you'll get substantially - guys like Bezos, Zuckerberg, etc. offload it piecemeal over months/years in order to get the maximum value possible.

id offload it all at once because either way you’re gonna be rich and never have to work again, who cares

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

No bid COVID posted:

Have any of you bitching about hiring ever actually tried to do it? I've sorted through 100 "maybe" resumes over the past two weeks, thrown out 50 because of obvious problems, another 30 on a closer look for skills, and talked to 10 of the remaining 20 thus far only to conclude that 8 of them have either inflated their resumes a lot, retained a surprisingly little amount of knowledge from their jobs, or simply interview so poorly it's unassessable.

Hiring blows from either side.

yes but ive never been on the hr side. after doing interviews for years im convinced that all the resumes and interview processes are measuring for something very loosely correlated with how good the person would be in the job, if correlated at all.

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

theres a whole lot of jobs in my company where it really would be better to hire a totally unqualified person with the right way of thinking & mindset but lol at ever convincing anyone else of this even if their resume magically made it to my desk

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

i work at a speaker company and im convinced you could take a reasonably smart but unqualified person and spend 6 months training them into 90% of the jobs in my office and they'd perform at a competent to high level. including most of the "engineering" roles

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

fart simpson posted:

i work at a speaker company and im convinced you could take a reasonably smart but unqualified person and spend 6 months training them into 90% of the jobs in my office and they'd perform at a competent to high level. including most of the "engineering" roles

also many people with years of real experience are total morons or assholes that will never be effective at their job no matter how much training you threw at them

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

those people end up in management

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

the literal stupidest person i ever worked with, he was entirely incapable of understanding basic concepts, had a phd in computer science and 20+ years of experience in programming and then management, and he interviewed decently well

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

bob dobbs is dead posted:

yeah at the current place im at we dont even let hr do resume screens for computer touchers

obviously, or they never would have hired you!

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Stereotype posted:

lol a dam broke in michigan and it is going to flood a Dow chemical plant that also has a nuclear reactor on site


https://twitter.com/urgentalertnews/status/1262894788610789377?s=21

the dam was managed by an HOA which basically abandoned it.

:fap:

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

aldi is from pittsburgh

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

there’s many more millions of jobs that weren’t lost

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

i have a middle class job

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

anonumos posted:

Me, too. Clearly the economy is doing fine for us.

yeah well my job isn’t in america

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

euphronius posted:

number goes up

it sure does

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Peanut Butler posted:

lol that we wasted "great recession" on 2008

great depression 2

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Mister Bates posted:

lmfao I can ride my city's entire bus network all day for $3.75

my bus commute to work comes out to $0.05 per mile, sometimes they have discounts down to $0.0004 per mile

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Pick posted:

no you literally said that companies could steal money in 401ks which represents a complete and utter misunderstanding of what they are, how they work, and even where the assets are held

also every 401k has a cash equivalent option so if you have any match at all, you can get come out ahead using the cash option. roll it into an ira once you change employers if you're paranoid about it.

Only registered members can see post attachments!

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

he was right

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

Pick posted:

no, he literally has no idea what he is talking about

among other things he even thought companies had access to the 401ks of their employees. they do not.

go vote for biden over it.

if there’s ever a clear path for normals to get ahead they’ll change the rules

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

triple sulk posted:

i think maybe we can all agree 401ks are probably not going to make it to 2040-2050 in the current economic system

see above

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

who is gonna steal it. how.

checkmate socialists

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

buddy, itt number only goes up

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fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

actionjackson posted:

Thanks for the explanation. What was it that happened in Zimbabwe (I think) with the hyperinflation?

zimbabwe simply read your posts

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