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Preview: Comments on: Bits Bucket for February 28, 2012

Comments on: Bits Bucket for February 28, 2012



Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.



Published: Wed, 25 Apr 2018 23:13:31 +0000

 



By: Robin

Thu, 01 Mar 2012 00:30:03 +0000

Gosh I miss the John Birch Society. Or maybe not.



By: Carl Morris

Wed, 29 Feb 2012 16:00:01 +0000

The Mitsu was definitely low profile. I'm just stuck in a baller-mobile right now because it has the drivetrain I want to play with. Still...it doesn't stick out that much being white and 4dr.



By: Carl Morris

Wed, 29 Feb 2012 15:55:15 +0000

I don't know if you've checked the used value on those, but it's probably higher than you think if you ever decide to get rid of it. Reason is that the turbo Supra motor from the same era is a direct bolt in.



By: rms

Wed, 29 Feb 2012 08:41:05 +0000

A quick zillow check says ~$3200/month. And that's paid out of take-home.



By: ahansen

Wed, 29 Feb 2012 08:27:54 +0000

I loved sets, numbers bases, etc. in years third-sixth grade, then switched to a new district in 7th and got lost in their first year algebra program--which was taught in the classic "Old math" manner and totally blew apart my nascent pathways of internal computation. Never could reconcile the two methods and emphases, looking for Boolean aleph naught in advanced algebra, patterning in trig and math analysis. Gave up about the time I hit calculus, and didn't come back until I studied fortran as a hs junior. Maybe that's why my brain finally rebelled and came to rest in experimental music.... Someday maybe I'll meet someone who can help me integrate theoretical with pure linear math--but not holding my breath.



By: rms

Wed, 29 Feb 2012 08:18:54 +0000

Warren Buffett, who controls the biggest shareholding of the No. 1 U.S. mortgage lender, said banks were victimized by some homeowners who refinanced their loans before getting evicted. Boohoo gramps!



By: rms

Wed, 29 Feb 2012 07:53:28 +0000

But with a recovery in the housing market still years away... But with any recovery still years away... :)



By: Avocado

Wed, 29 Feb 2012 07:37:10 +0000

I blame Nixon, he should have done more than just warn us that we were running out of oil.



By: Professor Bear

Wed, 29 Feb 2012 07:32:27 +0000

"Comment by Northeastener 2012-02-28 11:37:54 There is a high correlation between math and music…" As a musical math geek who is part of a nuclear family all of whom have above-average mathematical and musical aptitudes, I agree, though I don't claim to really understand the connection. Perhaps it has something to do with an unusually accute perception of the abstract? I saved a copy of the paper for later scrutiny, but at a quick glance was surprised to see no reference to either the connection between fractions, meter and rhythm, nor the connection between Fourier series and musical timbre. Perhaps I should write a paper on music-math connections of interest to me?



By: rms

Wed, 29 Feb 2012 07:26:42 +0000

Not 100% proficient in the English language Not able to speak to high level executives/give presentations Don’t have the skills we require (virtualization and storage expertise) Don’t have a CS/EE degree Don’t have the certs that we need (this one we can overlook for the right candidate, it doesn’t take too long to get someone with the right skills certified). A security clearance is important too. The SCADA world often requires the homegrown TCP/IP(4/6) CISSP peeps; off-shoring isn't a threat...yet.



By: Professor Bear

Wed, 29 Feb 2012 07:21:07 +0000

"But don’t talk to me about set theory!" Some of us Space Race babies saw that in grade school, then not again until grad school (at least in my case). Looking back, I suspect lots of my fellow grade school kiddies were completely out of their depth in the set theory material (known at the time as the "new math," even though it wasn't)...



By: Professor Bear

Wed, 29 Feb 2012 07:13:11 +0000

Neither a borrower nor a lender be...unless rates get this low, in which case you should borrow as much as possible and let the good times roll while they last! A US Boon in Low-Cost Borrowing Published: Tuesday, 28 Feb 2012 | 4:57 AM ET By: Binyamin Appelbaum The New York Times These are the best of times for the world’s most ravenous borrower, the United States of America. A combination of unusual and unsustainable forces has pushed the cost of borrowing as low as it has ever been, so low that many investors effectively are paying to lend money to the government. Investors buying five-year federal debt are accepting such low interest rates that inflation [cnbc explains] is on pace to reduce the value of their investments by more than 1 percent each year. Yet demand for United States Treasuries remains much greater than the supply. The glut of cheap money has allowed the government to keep its annual deficits much smaller than it had expected, holding down the growth of the federal debt [cnbc explains] . The Treasury Department, seeking to milk the moment, may start issuing debt with negative interest rates, making investors pay for the privilege of lending money to the government. But a wide range of experts agrees that the bubble will eventually pop. The question, they say, is not if but when. There are signs that the era of low borrowing costs may be approaching its end, as the domestic economy shows signs of strength and Europe pulls back from economic immolation. “We are in an unusual period right now in which net interest expense is temporarily depressed,” William C. Dudley, president of the Federal Reserve Bank of New York, said in a speech last week. “This will not last.” People have been predicting that rates will rise ever since the 2008 financial crisis sent investors piling into the safe haven of federal debt, driving down rates. But what looked like a brief plunge has become a broad trough. The average rates that the government pays to investors in its debt have declined in each of the last five years, from 4.92 percent at the end of 2006 to 2.24 percent at the end of 2011. Rates have edged even lower so far this year. Adjusting for inflation, the government is borrowing at virtually zero cost. As a result, while the size of the public debt more than doubled over the last five years, from less than $5 trillion to more than $10 trillion, the government’s annual interest payments remained about the same. In 2006, the bill was $226.6 billion. Last year, the bill was $227.1 billion. The numbers exclude debt held within the government, by the Social Security trust fund, and the cost of interest on those debts. The danger, Mr. Dudley said last week, is that the current situation may lead some to underestimate the long-term cost of the debt when rates inevitably rise. The administration’s recent budget projects that rates will increase gradually over the next decade, including about 1 percentage point this year. If the increase is just 1 percentage point larger this year, the deficit will grow by $13 billion. If the same higher trajectory holds over 10 years, the additional interest payments would approach $1 trillion. The basic reason to expect higher rates is that investors usually demand compensation as a borrower’s debts increase. And the government projects that its debt will grow rapidly in coming years. ...