Couldn’t have picked a better time to sell

Is that enough to do away with Florida?

In think maybe I’m calculating IBR wrong because under the new formulation I would get way less.

Assumed:

76k a year salary with 52k loan

76k-32k (250% poverty line) = 44k ibr value

44k*.05/12=183$ a month.

So slightly less than the interest on the loan. And that’s assuming that you didn’t bake in all your housing and other expenses into the loan to get it up well over 100k since ibr has you capped at 180/month

Yeah I don’t agree with his numbers at all. If the graduate makes 150k a year that not really a problem like you just pointed out.

Where I see the bad actor problem the university not the student. By running the income based repayment down to 5% from 10% almost +250% poverty line exemption everyone is better off doing income based repayment. That’s good for the student but it completely removes any price sensitivity because even at a state school you basically cap out your income based . Now there really isn’t any difference between getting the 100k loan or the 400k loan. It’s income based repayment for the next 20 years for everyone

. Of course in practice the 400k loan will balloon to something like 1m and when it gets forgiven it will get taxes at 35% making it almost a balloon loan so the student still loses but scammy university isn’t going to tell people that they will have gotten paid long ago. They will just Jack up their prices advertise income based repayment and take in the profits shifting costs to taxpayers.

The republican concept of “moral hazard” is a real problem it just doesn’t really apply to individual people like republicans say it does. Corporate entities do suffer from moral hazard, as soon as a loophole opens up they rush to exploit it and this is one big loophole

Essentially student loans will all go to income based repayment. That completely removes the caps for tuition fees and allows all sorts of bad behavior to occur similar to whats happening right now in the medical field except worse because the tax payer will cover the short fall.

Long term this probably does not matter because executive orders only last as long as the president remains in office, but its going to create some perverse incentives for universities to trap students in even more extreme debt.

Idk how large the amount is probably not any worse than renewing 7k credits to Tesla buyers. There are a lot of folks with debt though and they only build some tiny number of Teslas. That money is all going to go right into circulation though instead of pumping equities or real estate though.

Yes but since the debt was to the government the result is an net increase of spendable dollars chasing fixed quantity of goods. Hence inflation equivalent to the amount of debt service being paid (not the lump sum).

It is extra money 6% (actual rate might be higher) of 10k is 600 annually or about the same as the stimulus check. There is a bit of an assumption that the amount was being paid which in some cases it wasn’t but it’s real money that will go buy groceries, gas or Nikes or PlayStations. It does contribute to inflation as before it was money that was being pulled out of the economy and now it’s available to spend.

Inflation is caused by for the most part having more money chasing a fixed number of goods. This will increase the amount of money just not by an immediate 10k but a percentage of it. There is no free lunch.

Yeah and that would be a good idea in another year or 2 when we’re in there middle of a depression/recession and we need a bunch extra money to jump start the economic activity. But right now with real inflation somewhere in the teens and official only 8% the extra money isn’t going to help with the inflation at all.

Optical measurement might be the way to go at that scale. Most of the items you are measuring are going to be flatish

Nobody truly owns electric cars. For 50-70k you get a License to access their ecosystem complete with garbage software and lots of bugs. The manufacturers can ota upgrade your car to be a brick at any time they feel like you should upgrade. It’s truly the worst of both worlds, ownership costs without ownership rights.

I hear car crashed and drained it’s 12v battery so and it needs to go to the service depot for a software reload is also a common ev problem. I’ve never had any of my gauges fail but my Tesla owning coworker has only had it happen around once a month. He loves it though and so do the mice that are eating his wiring

If you use spot rate metering for evs it will be fine for quite a while they can charge at night. If you screw it up and allow people to charge right as they get home you will have problems. Luckily states can force manufacturers to push all sorts of updates over the air for evs.

R12 runs at lower pressures so it’s easier to design Around. If you get a post 134a fridge though then you are in real trouble since the new stuff hasn’t been around long enough for designers to know the common issues and design considerations.

The economic outcomes are primarily tired to sanction that Germany could pull out of. The war isn’t going to end anytime soon but they could ease up sanctions and open up the second gas pipeline whenever they feel like it.

Just change the definition. That’s what we do these days

Occupied by Russia is the key why would they bomb it if they were already in control? Also is it really powering Ukrainian forces for free? Sounds unlikely power is likely being routed to Occupied territory or Russia itself. Why bomb it? They could just take it offline.

This story is all sorts of bogus. Russia shells their own nuclear plant … That primarily provides power to a Russian region… Yes Russia sucks but come on that’s not a good reason to publish every unverified piece of garbage put out by Ukrainian authorities.

Read some of the articles at https://www.energyvanguard.com/blog/ . A lot of the math details are missing but the concepts are well explained

We have a Lennox. It’s ok but not perfect. The pump has a tendency to freeze a lot of ice up on 40 degrees high humidity days and stops being effective around 20 degrees.

You need good wide large ducts on your pump or it won’t work well. That’s key the heat pump needs to circulate a lot of air as delta t is small so you need to push high volume to compensate.

House Harkonnen was better organized and at least won a conflict.

Hopefully you found it in your Heart to accept the free government money. I’d rather it go to you then most of the other crooked places it actually went to

I had to think about that But seems about right. Thinking about it don’t more have the democrats really given or clarified and questions on rights? Seems like most rights issues are solved at the courts. So Supreme Court could take away 100 years of progress if they wanted to. Go as far back as reinstate separate but equal and Jim Crow laws.

The democrats are the old republicans. Just saying

I agree wtf on the charting. Is this daily shot Again or some major news source playing games with charts.

Here is an explanation of what you are looking at. My first guess wasn’t really accurate but you aren’t looking at a trend that currently indicates a problem.

https://wolfstreet.com/2022/06/07/whats-really-going-on-with-revolving-consumer-credit/

The daily shot pulled out the seasonally adjusted chart and then distorted it for some reason by fucking with the axis.

Also as a general rule ignore government provided seasonally adjusted data. It almost always distorts and causes confusion. That’s just more distortion by daily shot that should have been labeled correctly. Honestly really disappointed in in daily shot for this one, but also shows you the danger of graphs without context.

Hold on. I’m just pointing out that the good equivalent value is flat, the ability to pay off is clearly not since wages have not gone up. So if folks are buying the same number of goods on credit they now owe significantly more. Increased cost without increased consumption. It’s like saying Walmart revenue is up 10%, when inflation is 12% that means something different than 2% inflation environment. On a graph that looks like huge growth though.

If you adjusts that for inflation though it’s basically flat. That entire up of the u is inflation