@Smitros: Ha! i like it. one last kick at the can before inflation kicks in, and what is now lower household debt service crossed with record high levels of household debt load suddenly turns into the second reckoning of bernake. #moneymatters
@Artur Van Asinine: You may misoverestimate me. If you can unpack/exemplify that a little I'd be grateful. In any event, we're free of non-mortgage debt and can diversify into goats and guns, or goats and crossbows, anyway. #moneymatters
@Smitros: yesh. i tend to do that to myself, myself. too?
anyway, all these low rates around the world have allowed folks to rack up additonal debt that they might not have otherwise been able to afford... be it mortgage debt in some markets, lines of credit, other loans etc. this has provided the desired support in the housing market, as well as provided cash for clunke...i mean cash for spending. great depression averted.
so, historically low interest rates have led to much higher debt loads, though the cost of carrying that higher debt load is cheap. so the cash flow situation in the household is quite all right.
but, when inflation kicks in at some point in the next 18 to 24 months, and rates begin to rise...all that super high debt load that was very affordable isn't affordable anymore (hey wait, i think we've heard this record before)... kaboom. large scale economic problems could once again abound.
policymakers are hoping the recovery in the economy 18 to 24 months from now will be strong enough to absorb this second shock to the system...
at that stage, your wise diversification into goats and projectile weaponry will be awfully handy! #moneymatters
So it's another bubble-popping/passed buck, with greater hell to pay later, analogous to what happened with adjustable-rate mortgages in the larger subprime Cluster F. #moneymatters
When I was about this kid's age, I attended a Mac User Group meeting in my local area. The local MUG leadership was a lot of guys who looked and acted like Dave Winer, Mike Arrington, Robert Scoble, etc. -- self-important shitbrains who weren't even legitimate nerds.
The only thing worse than knowing about their pathetic corner of the Universe back then is having it covered by mainstream outlets today. #danielbrusilovsky
One of his recent tweets: "Hope all this attention doesn't get me a lot of pussy; I wouldn't know what to do with it #secretwishes." #danielbrusilovsky
People like this always seem so fucking insufferable, don't they? Every day is a resume contest, every day an opportunity to network. I mean, he calls himself an "evangelist" and he's got the shit-eating grin of a shit-eater twice his age.
God, I think there are only people like this in the tech world, where you can literally float anywhere, with no real talent, on a cloud of snake oil. #danielbrusilovsky
@Pope John Peeps II: With all due respect to the kid, Twitter really wants to support this soulless zombie evangelizer? This is what gets your endorsement, twitter? huh?We creatives really need to bum-rush this fuck. You know things are really getting retarded when this is rewarded and the talented and the edgy are tossed aside lightly. Sorry, kid; I know it's not you, per se, it's the whole fucking evangelical, snakeoil era of hustle. #danielbrusilovsky
Dude, the kid is 16! For those who are 32 and still "evangelizing", yes rip on them. They should have picked up other skills by that age. This kid hasn't even finished high school.
@mew: What the fuck should his age have anything to do with it? If anything, that makes it worse! Who is teaching him this garbage? Who's listening to him? It's the ultimate condemnation of a cycle of idiocy when a 16 year old CHILD is its lynchpin. You should spend your teen years DOING things and learning things. He's basically learning how to do and be nothing at all, and produce an imaginary value, and everyone is just encouraging him. #danielbrusilovsky
@mew: There's always one of you with the "too young" or "too soon" or "too harsh" or "too late" or whatever fucking admonishment you have today for precluding a perfectly valid reproach.
You do realize your opinion about such things means fuck all, right? #danielbrusilovsky
@Pope John Peeps II: I love the way you put this. Here's hoping the "child Internet sensation" arc follows the "child television star" arc. #danielbrusilovsky
@DevilsAvocadoRedux: 1991: "hey, you know what would be great. I'm going to create a software tool to allow people to meet people! Let's get programming!"
18 years later.
2009: "hey, you know what would be great? I'm going to purchase this other person's software and create a website to link people of one tiny niche with each other, and then i'm going to "advise" other companies on how to get people to meet other people! It's a complex skill!"
@Pope John Peeps II: This is brilliant. It's like I can actually see this person drooling on his computer in 2027. Hearted like hell. #danielbrusilovsky
@Pope John Peeps II: While I'm at it, Peeps, I'm attempting to recruit my old gaggle of friends to my new identity (lost the old one in the upgrade). I you feel so inclined, I'd be delighted if you could re-heart me for old time's sake, and help lead me out of no-starred obscurity. DA. #danielbrusilovsky
i read that net t-bill, note and bond issues might go as high as $444 billion for the fourth quarter, which is nasty for anybody into long term treasuries and even more fraught when you consider how unlucky of a number 444 is in china. oops. game reset! #trendwatch
11/07/09
11/07/09
01:56 AM
11/05/09
11/05/09
11/05/09
11/05/09
anyway, all these low rates around the world have allowed folks to rack up additonal debt that they might not have otherwise been able to afford... be it mortgage debt in some markets, lines of credit, other loans etc. this has provided the desired support in the housing market, as well as provided cash for clunke...i mean cash for spending. great depression averted.
so, historically low interest rates have led to much higher debt loads, though the cost of carrying that higher debt load is cheap. so the cash flow situation in the household is quite all right.
but, when inflation kicks in at some point in the next 18 to 24 months, and rates begin to rise...all that super high debt load that was very affordable isn't affordable anymore (hey wait, i think we've heard this record before)... kaboom. large scale economic problems could once again abound.
policymakers are hoping the recovery in the economy 18 to 24 months from now will be strong enough to absorb this second shock to the system...
at that stage, your wise diversification into goats and projectile weaponry will be awfully handy! #moneymatters
11/06/09
So it's another bubble-popping/passed buck, with greater hell to pay later, analogous to what happened with adjustable-rate mortgages in the larger subprime Cluster F. #moneymatters
11/05/09
He's Mark, obviously.
Anyone out there I didn't lose? #danielbrusilovsky
11/04/09
11/04/09
11/04/09
The only thing worse than knowing about their pathetic corner of the Universe back then is having it covered by mainstream outlets today. #danielbrusilovsky
11/04/09
11/04/09
11/04/09
11/04/09
God, I think there are only people like this in the tech world, where you can literally float anywhere, with no real talent, on a cloud of snake oil. #danielbrusilovsky
11/04/09
11/04/09
11/04/09
Dude, the kid is 16! For those who are 32 and still "evangelizing", yes rip on them. They should have picked up other skills by that age. This kid hasn't even finished high school.
Hope you at least feel better about yourself. #danielbrusilovsky
11/04/09
11/04/09
11/04/09
He's the tech bubble personified. #danielbrusilovsky
11/04/09
You do realize your opinion about such things means fuck all, right? #danielbrusilovsky
11/04/09
11/04/09
18 years later.
2009: "hey, you know what would be great? I'm going to purchase this other person's software and create a website to link people of one tiny niche with each other, and then i'm going to "advise" other companies on how to get people to meet other people! It's a complex skill!"
18 years along projected course.
2027: "Me person. You person. We meet. Duuurrrrrr." #danielbrusilovsky
11/04/09
11/04/09
2059: [Old man sits alone in a small, dark room, his face lit by the iridescent glow of a computer screen]
"It's just you and me, my precioussssss." #danielbrusilovsky
11/04/09
11/04/09
11/04/09
11/04/09
11/04/09
Bill Gates is dead. #danielbrusilovsky
11/04/09
11/04/09
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11/04/09
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