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Cake day: June 16th, 2023

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  • In the retirement account front, just checked and for the past year it hit 19%, over the last 10 years, it’s been 15% a year. Generally those are biased toward stock and move to more conservative close to retirement. I think that’s generally the balance being considered, at least if you have any retirement account, it’s probably later than any other account in short order.

    For “savings” account recently 4% has been available, but less so now as the central bank turns down interest rates to favor borrowers again. But I don’t think they are limiting to strict savings accounts here. I think money put into an index fund or bonds or CDs would absolutely count.


  • While I think, technically, strictly correct, the big question wild be how much they could realistically “save”, and in such a hypothetical, would it really be significantly more encouraging results.

    Our, realistically speaking we are generally already looking at that reality, with people putting aside a relative pittance but still feeling that they live paycheck to paycheck, largely ignoring anything that goes toward retirement.

    I get it, I’ve had relatives buy stupid expensive pickups or muscle cars with obscene payment plans while barely keeping their heads above water, but even the more careful ones barely scrape by.








  • I would imagine it’s nowadays at the point where employment verification is automatically fired off to some vetting agency automatically during the process where software does all the cross referencing and anomalies would be caught and reported.

    I don’t think they have to go all private investigator to get basic employment verification from the actual employers anymore.






  • But it’s about locking the door from the outside that is relevant here. If the external handles get in the way of rescuers, then the fact that they outside handles are almost certainly locked in that situation anyway is even more so. They will break the window and use the interior mechanism (which if electronic, could still suck, which Tesla runs afoul of). If you had traditional door handles, but electronic mechanism, the first responders would still be screwed).

    But the mechanism being electronic means no one can operate the latch. But if it were somehow mechanical, but still physically like the Model 3/Y door handles, would that be considered ‘adequate’? It’s confusing, and harder to open if there’s ice over it, but I don’t think that facet factors into a rescue scenario.

    (but you would be right that the auto-lock has nothing to do with child occupants, it’s about if someone can open your door at a stoplight)






  • Even if the electios are free in fair, I don’t think he’d be done in November.

    The only way he’s “done” is if GOP loses every single last senate seat up for grabs. Every single one in Nebraska, Wyoming, Montana, Idaho, Kansas, Oklahoma, South Dakota, West Virginia, Florida, Texas, etc.

    Hell, most analysts think that Democrats don’t have a realistic chance of even getting a simple senate majority, let alone a veto-proof one or even a filibuster proof one.

    If they don’t then they cannot remove anyone from office, they cannot override vetos. Yes, they can decline to pass bills, but given their stance of ‘executive branch has supreme power’, they’ll just do illegal executive orders and ignore the courts unless the supreme court agrees with them. Trump is already declared immune from any and all crimes except by the Senate and has the ability to pardon any and all federal cases, and that’s assuming his own enforcement agencies even bother trying to punish anyone…


  • But then there are the differences.

    Let’s say the COVID vaccinne triggered a whole lot of new pharmarcies that specialized only in vacinnes. Still good news for Moderna. Except those new pharmacies can’t quite afford the vaccines they set up their business to work in. Moderna’s stock is so high though, that they can leverage that stock to get money to invest in those new pharmacies to give them money so they can buy the vacinnes.

    Then the pandemic passes and those pharmacies have no business and fold and their market cap collapses to zero and Moderna spent a bunch of money they didn’t actually have on now worthless equity, and their revenue and perceived value drops back to pre-bubble levels. Except even lower because they incurred liabilities that they didn’t have pre-bubble.

    For the crypto bubble, nVidia went out of their way to keep their financials out of it. But for AI they’ve been giving their biggest customers the money they need to buy nVidia’s product. Basically a cyclone of big top line numbers self-funded but enough to drive the markets wild for nVidia stock. The big players have likely already ensured billions of more secure assets that won’t pop as hard and so “why not?” to play with the extra ‘free’ money to see how big the numbers can go.