As I understand it, housing speculation has filled a similar role to 401(k)s in the US, the relatively illiquid asset that “always goes up”.
People will feel a lot poorer when their apartment loses 70% of its value, and I don’t think that’s exactly the same as, say, a big leveraged builder going out of business.
You’re right of course the US won’t let one rich man go broke so it is worse there.
It’s like China has a few smart people left in their government!
They’ve fucked up plenty, their asset bubble is going to be crippling just like everybody else, but overall they are in a vastly better position than the US to advance their imperialistic goals.
Nobody in the US will face consequences for the Epstein stuff because it implicates everybody. The truly powerful haven’t had their names revealed yet.
UK supreme court hasn’t exactly covered themselves in glory so far.
I do know a guy who rides his bike everywhere and he is HOT. Saw him in a suit and he has the kind of body that suits were designed to flatter. Wow.
Therapy without having seen a psychiatrist is often a waste of time, they are often qualified to help you with, say, an BPD diagnosis, but aren’t qualified to make it.
So fucking around trying to get you to treat your depression and anxiety at the surface level without knowing that the behaviors driving you to seek therapy have a source and that you can treat it directly.
Granted, seeing a psychiatrist is almost impossible for most people, so I’m not trying to throw shade if you haven’t.
But if you’re in therapy for a couple of years and you feel like it’s beneficial, kinda, but not really getting at the root of things, and you have the insurance, a good psychiatrist can get things on track in a way a therapist simply does not have the training to do.
You could put your bike on the front of a transit bus if those existed.
Your description of the 80s and 90s lines up with Charleston SC, but not with backcountry SC, or anywhere I went in Alabama or Texas.
The default is a pickup, sedans are for posh people.
Yeah. I feel very lucky to have moved to a place where I have an electric train and an electric bus system powered by hydroelectric.
Oh wait, climate change means our glacial flow is 12% of the typical rate and the province is announcing a datacenter construction plan?
Well fuck me too I guess.
We had electric buses with overhead wires in São Paulo in the 80s.
The US had electric interurban railroads in the Rockies a hundred years ago.
It can happen very fast.
It’s already happened, the coup is done.
Come at me like that and I’ll know you are still a boy.
Sounds familiar.
“Bloody vomit and passing out with a 43° fever? Bitch your BMI is 33 what do you expect?”
Time to gtfo the UK and go cap in hand to the EU.
Call me Icarus baby
I had to remember that I’m trans and furry and channel that energy during drive partitioning.
Cute!
I used to own a house free and clear. If the value dropped by half, I would still feel a lot poorer.
When the price of assets held as a store of value drops, the holders of those assets are impoverished. That’s already bad.
Now, when a fall in the price of assets held as a store of value drops, and that triggers a series of defaults that ripples across the financial system, that’s even worse.
I can’t see from the outside the degree to which Chinese society has been financialized, but I’m betting it’s more than the CCP wants to let on.