Wells Fargo Sells Gov't-Type Student Loans To Navient

One Year Update: 38M FIREd

Well, February 22nd makes it one whole year. I think that's deserving of a top level post, right?
Here are screenshots of the Mint Trends, which has every single expense from the past year categorized. I've added comments on each page.
Expenses Overview
Auto Expenses
Food Expenses
Home Expenses
Utility Expenses
Tax Expenses
Healthcare Expenses
Entertainment Expenses
Main takeaways, my total expenses for the year was $37,700, but I'm going to dismiss about $15,000 of that as "one time" expenses from paying off my car and my furniture loan. A more reasonable number for my annual spend is $22,700.
With my car payment gone, my highest expense category is Food, averaging $500 per month. This has room for improvement.
Healthcare will look artificially low last year because of taking Tax Credits up front. This year I am not and will be paying $325 per month for health insurance. At ~$4000 per year, this puts healthcare at nearly 20% of my total expenses.
Nothing else is particularly interesting. That $22,700 figure is a reasonable real-world number for me, but for future planning I'd still inflate that to $25,000 just to have more wiggle room. I may look into traveling this year, which would add some expense.
Investments:
Vanguard Investments: (All in VTSAX)
Other LTCG holdings: $145,000 -> $291,000 (other investment accounts and bitcoin)
HSA Investment Account: $6000 -> $7400, with another $1700 in the "cash" holdings of the HSA.
$9000 cash in Money Market & Checking Account.
Finances Going Forward
I had earned income last year so I didn't start my Roth Conversion Ladder last year. This year I decided I will be converting the $12,400 standard deduction + $9600 of the first tax bracket for a nice round $22,000 converted. Yes I'll owe a little bit of taxes, but it sets up my Roth with $22k in 5 years which should cover the majority of my expenses. And with $350k currently in tIRA and converting $22,000 per year, I won't be able to chew through it all before actual retirement age.
I have about $20k from an old stock purchase plan that unlocks come April, which I will be selling and likely moving over to my money market account to shore up my "cash" holdings.
My plan is to not really tap any of my "normal" investment accounts for as long as possible. I've been deferring to selling Bitcoin if I need to move some cash over. Last year I sold 3 bitcoin, one for $9300 in June, and then two at the end of December (for tax year Capital Gains reasons) for $7300 each. These were all LTCG at 0% taxed. AGI for last year is around $35,000.
The Living Part:
There's all the boring expenses and financial stuff. Now for the ever painful question that my beloved Grandmother loves to ask, "But gosh, what do you do with all of your time! I can't imagine being retired at your age!"
Step 1, restful sleep. During my working career I lived off 6 hours of sleep every day. It made for exhausting weekends trying to "make it up." And luckily I'm not a generally stressful person or else it'd have been worse. But now I go to bed when I'm tired, and whenever I naturally wake up, I get up. This can lead to VERY weird hours since I'm often an extreme night owl. But I generally get 9-10 perfect restful uninterrupted dream-filled hours of sleep.
I'm betrayed by my "Food Expense" breakdown, but I really am cooking more and eating better. I drink a lot of coffee and water at home and generally try to eat only one meal per day, but sometimes lunch and dinner. I don't normally eat breakfast, just have coffee when I wake up. And did I mention how much less painful it is to go grocery shopping when it's in the middle of the day and everyone's at work. It's so nice.
I spend a lot of time on reddit browsing my front page, and I check out the YouTubers I follow that post daily, then check out any of the irregular posters. Depending on how much good stuff there is, this could go on for a few hours.
I have a lot of hours playing video games. I tend toward puzzle games or building games (Factorio, Satisfactory) because they scratch that itch in my engineering brain. There are times at night where I'll spend hours on this website: https://www.puzzle-sudoku.com/ and play Sudoku or Nonograms or any of the other puzzle types on the bottom of the page.
I'm doing my best to watch every single last show on Netflix. It's a daunting task, though it's surprising how often I drift back toward watching the same smattering of Star Trek: The Next Generation episodes rather than try something new. But I try and take recommendations and work my way through shows.
And Podcasts! The joy of joys is when I come across a new-to-me podcast that has a huge backlog. I found a great ST:TNG rewatch podcast that had 108 episodes already done. I spent like 2 months watching the episode of TNG then immediately listening to their podcast about that episode, repeat repeat repeat. I'm currently working my way through The Adventure Zone, I'm on episode 46 of 155 with them. And they keep advertising the other podcasts The McElroys do so I'm sure I'll roll into one of those next. For many people podcasts are background noise, but I'll often just sit on the couch and concentrate on just listening the podcast.
Outside of home, I can't wait for the weather to get nicer so I can go on more walks. Being a night owl I like going for walks at night. I live near our city center so I'm within blocks of city hall, the main library branch, and the fountain / park.
I jump at any opportunity to hang out with friends. It's just about every weekend that we are getting together to hang out and play board games. Like I mentioned in one of the breakdowns, I've started to play D&D with my buddy and his wife. I'd never played before but he's been DMing for years (but hasn't had a group for 10+ years now). He's glad to be playing again, his wife loves it, and it's super convenient for them to stay home with the 5 month old daughter. (And baby gets to hang out with Uncle Oracle.)
I get together with former co-workers every few months to keep in touch with them. One in particular I have a standing every-2-month bar date with. I remind them every so often that if they want to go out to lunch ever to just call me.
Personal History
Just a quick personal history in closing. I was an automotive engineer working for OEMs and Tier 1 suppliers in the Metro Detroit area. In the 2008 downturn I lost my job and was unemployed for 2 years and ended up getting my house foreclosed in 2010. By the time i got a job in March of 2010 I was basically at $0. I had a tiny amount in an 401k, had about $20,000 in credit card debt from being unemployed.
But then I got a very well paying engineering job ($108k annual and eligible for time-and-half overtime). I kept living like I was unemployed, spent as little as possible and saved as much as possible. Through my parents I secured a mortgage on a nice 1 Bed / 1 Bath 900 sq ft condo. I paid off my CC debt in less than a year and kept banking cash and maxing my 401k every year.
I heard about bitcoin in early 2013 (from a guildmate in World of Warcraft, believe it or not) and jumped on board. All time bitcoin price chart (log scale) for those unfamiliar with the history. I got in before the first spike to $1000 in December of 2013, and kept buying throughout the downswing in 2014 / 2015. In 2017 I sold 5.6 BTC for a total of $6000 and paid off the last of my student loans and my car, then a few months later I sold 4.25 BTC for $6700 and paid off the last of my condo mortgage. So in May of 2017 I was officially debt free and had a net worth of about $200,000.
Then in the fall of 2017 was when bitcoin exploded. I knew I had to take profits here. Every time the price went up 10% I sold another bitcoin. $7500, $9000, $10700, $13000, $15500, $18600. I sold all the way up. I ended up selling about $100,000 in bitcoin that year and I pushed most of it into my Roth IRA and Brokerage accounts.
Then I really started thinking about FIRE in early 2018. Started doing the math, tried to see what my expenses would be, and thought I'd give it ago. I've told myself from day 1 that I'd give this trial a solid 2 years. If I don't feel good about it, or the money doesn't seem right, then I'll still only be 40 years old and could (IMO) easily jump right back into an engineering gig. So I targeted early 2019 so I could frontload my 401k for two months, grab the annual bonus, then peace out.
TL:DR: 38, FIREd, Money's looking right, Life is feeling right, everything is fine
submitted by Oracle_of_FIRE to financialindependence [link] [comments]

A List of Sidehustle Ideas from SidehustleSchool.Com

Source: https://www.sidehustleschool.com/
[More ideas in the comments below too.]
...
  1. "Cheap Plane Tickets" Site Becomes Million-Dollar Hustle ...
  2. $10,000 Side Hustle Helps Musician Land Full-Time Job ...
  3. 13-Year-Old Australian Creates Schoolyard Lollipop Fortune ...
  4. 23-Year-Old College Student Uses “Sweatcoin” App to Earn ...
  5. 3D Printing Brings Cosplay Into 21st Century
  6. A Life of Travel Leads to a House-Designing Hustle
  7. A Packed Closet Leads to Secondhand Subscription Boxes ...
  8. Academic Advisor Creates Profitable Karaoke League
  9. Accidental Side Hustle Becomes Decorative Family Business ...
  10. Accountant Earns $233751 Reselling Items He Buys at Walmart
  11. Acrobatic Mom Jumps Through Hoops to Become High-flying ...
  12. Active “Type 1” Lifestyle Inspires Sticky, Successful Side Hustle
  13. Actress Becomes Organizational Director of Organization ...
  14. Aerospace Apprentice Soars to Seven-Figure Sales Heights ...
  15. Alcohol Fueled Idea Sells Over 1500 Shirts in Less Than a Year
  16. An Everyday Bag That Gives Back to Women in India
  17. Art Teacher Draws Her Way Into Ceramic Shop
  18. Artistic Cartographer Maps Out Successful Side Hustle
  19. Artistic Duo Sells 8000 T-Shirts in One Year
  20. Aussie Engineer Moves to Farm, Earns Passive Income
  21. Aussie Stretches Out with Online Store for Tall Women
  22. Aussie Student Starts Million-Dollar Bikini Biz
  23. Australian Hacker Creates Passive Income Anatomy Course ...
  24. Auto Employee Earns $100,000 Selling Stickers on Instagram ...
  25. Avid Travelers Turn Finding Deals Into Vacation Planning ...
  26. Bargain Hunter Designs One-of-a-Kind Flea Market
  27. Bartender Brews Up Brewpub Tour Biz
  28. Bass Player Starts BassLayerz Clothing Hustle
  29. Bean-Lover Grinds Way To $4,000/Month Family Coffee ...
  30. Bearded Man Grows $500 A Month Grooming Business
  31. Bearded Man from Finland Cashes In on Holiday Cheer
  32. Beekeepers Build Buzzing Backyard Business
  33. Birds of a Feather Flock to Your Bank Account
  34. Bitcoin YouTuber Earns Thousands in Affiliate Commissions ...
  35. Blogger Earns $140,000 from Beta Phase of Online Course ...
  36. Blogger Turns Leftover Cherries Into $5,000/Month Income ...
  37. Boy Scout Merit Badge Leads to Leatherworking Lifestyle ...
  38. Bring Your Own Cannabis to this “420-Friendly” Painting Class
  39. British Pub Manager Bakes Pork Pies for Profit
  40. Brooklyn Photographer Gets Paid to Throw Confetti at People ...
  41. Business Students Make $125,000 Selling Headphone ...
  42. Busy Marketing Professional Fills Niche with Biking Wine Tours
  43. CLASSROOM: Four Ways to Identify Moneymaking Ideas ...
  44. CLASSROOM: Goals, Agenda, and Your First Assignment ...
  45. Call Center Employee Uses Patreon to Fund LGBTQ Podcasts ...
  46. Canadian Moms Invent Baby Monitors for Active Toddlers ...
  47. Canadian Sports Enthusiast Earns $1,000/Month Selling ...
  48. Car Enthusiast Races Towards Reselling Success
  49. Cat Lover Creates Cat-tivating Portrait Series
  50. Catholic Designer Creates Stylish Apparel Line
  51. Childhood Game Master Earns $1 Million from Nerdy ...
  52. Coffee for Firefighters Brings the Heat!
  53. College Ministry Leader Starts Digital Agency
  54. Colorado Nutritionist Reworks Role to Get Paid Twice
  55. Comic Book Curator Creates Custom Crate Subscription ...
  56. Continuing Education Directory Earns Six Figures
  57. Copywriter Carves 140 Characters into $50,000 in Cash
  58. Corporate Employee Makes $350,000 Selling Mosquito ...
  59. Coupon Code Site Earns Copious Profits
  60. Crafter's Shop for Dreadlock Wearers Unlocks $3,500/Month ...
  61. Creative Illustrator Creates Creative Podcast for Creatives ...
  62. Curated Gift Boxes for Breakups and Baby Bumps
  63. Data Geek Charts Course From Analyst to Author
  64. Data Scientist Turns Teaching Frustrations Into Recurring ...
  65. Designer Earns Extra $5000/Month Posting Logos on Instagram
  66. Designer Illustrates Success with Personalized Wedding ...
  67. Designer Performs Magic, Turns Dream Into Reality
  68. Designer Turns Bad Parking Into $25,000 Per Year
  69. Detroit Women Make Jewelry for Profit and Social Good
  70. Digital Camera Blogger Snaps Into Passive Income
  71. Distracted Coach Creates Accountability Software
  72. Dog Stocking Hustle Earns Husky Payoff
  73. Dutch Personal Shopping Service for Kids Measures Up
  74. EXTENDED CUT #13: When to Let Go of Good Ideas
  75. EXTENDED CUT #14: Start a Service Business in Less Than ...
  76. EXTENDED CUT #5: How to Choose Between Multiple Ideas ...
  77. Electrical Engineer Becomes Romance Novel Cover Model ...
  78. Electrical Engineer Sells $800 Swarovski Crystal Bikinis
  79. Elementary School Teacher Pans for Gold in New Zealand ...
  80. Engineer Codes His Way To $3,700 Per Month
  81. Engineer Earns 7-Figures from “Crowd-Purchasing” Project ...
  82. Engineer Makes $64000 Selling Nerdy Playing Cards on Reddit
  83. Engineer Reprograms Herself, Finds Confidence to Start Over ...
  84. Enjoy an Ice Cold Beverage in a Mug Made from Ice
  85. Equine Lover Makes $5,000; Stables Business to Change ...
  86. Exercise App Encourages Fitness While Helping Sick Kids ...
  87. Farmer Makes “Tater Tats” for All Your Produce Tattoo Needs ...
  88. Fashion Buyer Creates Quirky Comfort Craze
  89. Father and Son Duo Produce Traveling Play
  90. Faux Taxidermy Turns Heads on Home Decor
  91. Fidget Spinner Cookie Sensation Leads to Sweet Profits
  92. Finance Guy Makes Bank With Swimsuit Line | Side Hustle ...
  93. Firefighter Uses Chainsaw for Jumbo-Sized Woodworking ...
  94. Flipping 101: The College Textbook Edition
  95. Florist & Sculpture Professor Make Presidential Lip Balm ...
  96. Foreign Correspondent Launches Career App
  97. Former NFL Player Sells Ice Shakers for $20000/Month Income
  98. Freelancer Starts New Hustle to Help Frustrated Clients
  99. Friends Foster Korean Face Mask Frenzy
  100. Friends Team Up to Deliver Compassionate Tech Support ...
  101. Friends Turn Gift Boxes into Prosperous Project
  102. Frustrated Mom Grows Hair Brush Hustle to Seven Figures ...
  103. Full-Time Mom Ships $35,000/Month in Frozen Bread on ...
  104. Gamer Levels Up Life With eBay Side Hustle
  105. German Funeral Urns Are Not a Dying Business
  106. Guitar Builder Carves Out Woodworking Moneymaker
  107. Guitar Teacher Sells Lessons on Craigslist and Makes $80/Hour
  108. Hair Salon Owner Designs Mittens for Cold Runners
  109. Hand Grippers Make for a $60,000-Strong Hustle
  110. Hand Lettering Artist Upgrades Cheesy Photo Booth Props ...
  111. Handkerchief Side Hustle Becomes Million-Dollar Blowout ...
  112. Harvard Med School Program Manager Gets Paid to Travel to ...
  113. Health Scare Inspires Adventurous Career Change
  114. High School Bootlegger Grows Up
  115. High School Teacher Spins His Way to Profits
  116. High School Teacher Turns Woodworking Hobby Into a 5 ...
  117. Honeymoon in Nepal Becomes Fashion Accessories Business
  118. Husband and Wife Team Pampers Their Way To Profit
  119. Insomniac Dreams Up Herbal Hustle
  120. Insult This! Witty Event Organizer Prepares You to Respond to ...
  121. Introvert Builds Networking Experience to Help Women
  122. Jailhouse Medic Turns House Calls Into Healthy Profits | Side ...
  123. Japanese Designer Folds Profitable Paper Wallets
  124. Jiu-Jitsu Instructor Pins Down Mobile Workout Tool
  125. Job Recruiter Helps LinkedIn Connections with Resumes ...
  126. Junk Removal Service Owner Earns $22,000 A Year From ...
  127. Kids' Books Prove To Be More Than Child's Play
  128. Kiwi Coder Makes Extra $50000/Year from Virtual Paintbrushes
  129. LA Graphic Designer Influences Influencers
  130. Lawyer Moonlights as Needle-Felt Children's Book Author ...
  131. Left-Handed Artist Creates Right-Brained Side Hustle
  132. Librarian Invents Eco-Friendly Dental Floss
  133. Lifelong Girl Scout Earns Her Side Hustle Badge (And $3,500 ...
  134. London Chocolate Tours Lead to Sweet Success
  135. London Clerk Hires Ghosts to Visit Boss, Earns Passive Income
  136. London Photographer Rents Camera Gear 1,100 Times
  137. Lost & Found: How Lost Property Helps a UK Woman Find Her ...
  138. Maine Couple Bootstraps Boutique Fitness Studio
  139. Make $4,000/Month Renting Out Cars You Don't Own
  140. Man Buys 100 Animal Skulls from Bali; Turns $10,000 Into ...
  141. Man Earns $100,000 Serving Clients on $5 Website
  142. Man Earns $85000 Promoting Mexican Avocados on Snapchat
  143. Marathon Runner Earns Full-Time Income Trying On Shoes ...
  144. Marketing Consultant Creates Private Retreats
  145. Marketing Professional Produces Giant Puppet Performances ...
  146. Marriage Inspires Theatre Captioning App & Service
  147. Mental Health Counselor By Day, Headband Artist by Night ...
  148. Millennial Invests Side Income For Passive Profits
  149. Mindful Moms Make $70,000 on Family Affirmation Cards ...
  150. Mindreading Performer Goes from Dorm Room to Paid ...
  151. Miniature Dollhouse Website Pays Full-Size Profits
  152. Mom Finds Love As Dating App Ghostwriter
  153. Money Grows on Moringa Trees
  154. Moonlighting Makeup Artist Earns Extra $25,000/Year | Side ...
  155. Movie Editor Turns 19th Century Art Into Full-Time Job
  156. Multiple-Use Plastics Take Big Bite for the Environment
  157. Museum Educator Improvises From Day Job to Side Hustle ...
  158. Music Graduate Makes Spare Change Filling Spare Rooms ...
  159. Musician Turns Drum Lessons Into Six-Figure Podcast
  160. NYC Banker Launches All-Natural, Drinkable Pickle Brine ...
  161. Nature-Loving Neighbors Create Kids Subscription Box
  162. Networking Success Is Served with a Side of Eggs
  163. New Jersey Blog Earns Six-Figure Income
  164. New Mom Recruits 3,000 Chinese Caregivers
  165. New Mom Uses Pinterest to Launch Parenting Blog
  166. New Mother Gives Life To Self-Care Coaching Business
  167. New Yorker Covers Up With Comfy Underwear Line
  168. No Guts, No Gory: The Hollywood Mom & Pop Prop Shop ...
  169. Nomad Family Cooks Up $40,000 Profit With Houseware ...
  170. Nomadic Designer Profits from Writing About Life in a Bag ...
  171. Oh Snap! Photography Site Turns Into Passive Income Hustle ...
  172. Oklahoman Spreads Light, Sells Candles, and Shares Profits ...
  173. On-the-Go Mouthwash Gets Mini-Makeover
  174. One Man's Trashed Mash is Another Man's Cash
  175. Operations Manager Manages to Make Heavy Furniture Light ...
  176. Organic Loungewear Becomes Sleeper Sensation
  177. Orthodontist Bites Off Solution to Teeth-Pulling Problem
  178. Outdoorsman Sees the Forest for the Trees, Finds Financial ...
  179. Outsource Date Night With This Sexy Side Hustle
  180. PE Teacher Makes $11,000 with Membership Site
  181. PE Teacher Resells Concert Tickets, Earns $12,000/Month ...
  182. Paralegal Takes Flight with Remote Work
  183. Paternal Twins Produce Passive Publishing Profits
  184. Pathetic Triathlete Creates $30,000 Facebook Group
  185. Pay Off Student Loans With Your Spare Change
  186. Philadelphia Foodie Toasts Competition with Sweet Treat ...
  187. Philadelphia Lover Maps Out $35,000/Year Side Hustle
  188. Photographer Visits 30 Countries, Leading Tours & Getting Paid
  189. Physical Therapist Sells 57,000 “Neck Hammocks”
  190. Physician Assistant Earns $12,000 In 10 Months Coaching ...
  191. Police Officer Funnels Frustration Into Six-Figure Hustle
  192. Policy Researcher Offers Private Tours of Nation's Capital ...
  193. Popular Instagram Account Becomes Fashionable Clothing ...
  194. Pottery Barn Commissions Art from Independent Photographer
  195. Proud Mainer Brings Whoopie Pies to the World
  196. Public Health Employee Earns Extra $2,000/Month with ...
  197. Published Author Adds Income Source; Makes Additional ...
  198. Put a Cap in It: Architect Makes the Write Choice; Starts Luxury ...
  199. Q&A: How can I inspire a “Must-Have-This” service?
  200. Q&A: How can I turn furniture repair into passive income ...
  201. Q&A: Is it still possible to profit from a blog?
  202. Q&A: What are your best tips for Etsy?
  203. Q&A: When should I start posting on social media?
  204. Rehearsal App for Actors Earns $500,000
  205. Resistance Is Futile! Brooklyn Fitness Fanatics Sell “No Days ...
  206. Role-Playing Pastor Rolls The Dice On $2800/Month Hustle ...
  207. Romance Novel Expert Teaches Proofreading for $2000/Month
  208. Sales Rep Seasons the Day with “Bad Spanish Tacos”
  209. Savvy Bride Turns Budget Wedding Into Six Figure Success ...
  210. Savvy Sleeper Pillowcases Produce Dreamy Profits for Tech ...
  211. Savvy Stationery Site Offers Cards for Divorce & Diwali
  212. Seattle Developer Takes Flight With Popular Travel Site
  213. Second Grade Teacher Earns Second Income
  214. Serial Business Builder Creates Digital Checklist Tool
  215. Should I hire a lawyer and get a patent?
  216. Side Hustle Turned Full-Time Job Disrupts Car Rental Industry ...
  217. Sisters Find Puppy Love After Launching Dating App
  218. Social Worker Bakes Cupcakes for The Walking Dead
  219. Software Engineer Scavenges For Profits
  220. South African Writer Launches Accidental Acting Career
  221. South Carolina Man Learns to Make Candles by Watching ...
  222. Speech Pathologist Sells Turkish Tea Towels By the Seashore ...
  223. Sports Writer Wins Big Gambling On His Own Book
  224. Squeaky Clean Couple Raise the Bar with Online Soap Sales ...
  225. Store Manager Makes Micro Gainz For Macro Profits
  226. Stressed-Out Mom Gives Up TV to Launch Her Hustle
  227. Student Bytes Into Lucrative Web Host Biz
  228. Student Gets Paid to Help People Rent Adventures
  229. Stylish Clothes Reseller Becomes Fashion Consultant
  230. Super Fan Scores Big in the Football Community
  231. Tailor-Made Teas Brew Steamy Steeped-In Profits
  232. Teacher Hustles to Pay Off $100,000 in Student Loans
  233. Tech Broker Moonlights as Luxury Lifestyle Artist
  234. Teenage Fitness Fan Jumpstarts Athletic Apparel Brand
  235. Tennessean Meets Nepalese Sherpa on Lyft Ride, Sells ...
  236. Texas Couple Turns Test Scores Into Treasure
  237. That's the Spot! Dog Lover's Hustle Becomes Fur-ever Biz ...
  238. The 10-Year Quest for Must-Have Mustard
  239. The Battle of the New Zealand SpeedCubers
  240. The Hero's Journal Helps You Make Progress Toward Your ...
  241. The Paleo Bagel: No Wheat, No Worries
  242. The Rise and Fall of BirdSupplies.com
  243. The Sisterhood of the Traveling Digital Nomads
  244. The Snuggle Is Real: Architect Moonlights by Selling Designer ...
  245. Think Like a Lawyer: An Underground School For Lifelong ...
  246. This Standing Desk Costs Just $37
  247. Toronto Startup Employee Bakes Custom Cakes
  248. Tote-ally Functional Bags for Women on the Go
  249. Trip to Europe Inspires Adventurous Blanket Biz
  250. Turn It Up to 11! Musical Mash-Ups Provide Passive Income ...
  251. Tuscan Vacation Inspires Leatherworking Hustle
  252. Twelve Months of Experiments Leads Coach to Clarity
  253. Two Women Create Swimwear Brand for D-Cups and Up ...
  254. Un-Tours Of Myanmar Offer Adventure and Unpredictability ...
  255. University Director Turns Draining Problem Into Profitable ...
  256. Vegan Food Lovers Sprout Plant-Based Festivals
  257. Vintage Clothing Shop Sells Retro Jeans for Modern Money ...
  258. WEEKLY RECAP: 3 Priorities to Keep You Focused
  259. WEEKLY RECAP: All the Things You Want to Do
  260. WEEKLY RECAP: Barking Up the Right Tree
  261. WEEKLY RECAP: Before Beginning, Prepare Carefully
  262. WEEKLY RECAP: Do You Have to Be Passionate About What ...
  263. WEEKLY RECAP: Does Your Idea Pass the Grandmother Test ...
  264. WEEKLY RECAP: Going from Hobby to Hustle
  265. WEEKLY RECAP: Government Shuts Down, Your Life ...
  266. WEEKLY RECAP: Health Coaches May Need to Be Certified ...
  267. WEEKLY RECAP: How to Design a Profitable Online Course ...
  268. WEEKLY RECAP: If You Ever Feel Insecure, Don't Miss This ...
  269. WEEKLY RECAP: Keeping Up With What Matters
  270. WEEKLY RECAP: Pay Attention to the Ideas In Your Head ...
  271. WEEKLY RECAP: Scavenger Hunts, Bow Ties, & Horses ...
  272. WEEKLY RECAP: The $0 Startup, Sign Hustles, and Ways to ...
  273. WEEKLY RECAP: The Conversion Problem
  274. WEEKLY RECAP: Tiny Houses, T-Shirts, and Romance Novels
  275. WEEKLY RECAP: Understand Your Ideal Working Conditions ...
  276. WEEKLY RECAP: What Prevents You From Making Progress ...
  277. WEEKLY RECAP: Why Do a Product Launch Only Twice a ...
  278. WEEKLY RECAP: Why You Should “Return Every Handshake ...
  279. Wedding App Founder Exchanges Vows for Coding Book Biz ...
  280. Wedding Bells Ring Brighter if the Bride's Not Broke
  281. Weekend “Book Registry” Site Earns Passive Income from ...
  282. Weekly Recap: All You Need Is Luck and a Million Dollars ...
  283. Weekly Recap: Don't Compete with Amazon
  284. Weekly Recap: Find a Community to Support Your Goals ...
  285. Weekly Recap: Food Trucks, YouTube Makeup, and Marijuana
  286. Weekly Recap: How to Identify Side Hustle Ideas in Your ...
  287. Weekly Recap: How to Stop Procrastinating (Really!)
  288. Weekly Recap: Making Time for What Matters
  289. Weekly Recap: Should You Ever Buy Someone Else's ...
  290. Weekly Recap: Starting a Coffee Delivery Service
  291. Weekly Recap: Starting and Ending a Seasonal Side Hustle ...
  292. Weekly Recap: Weekly Recap: Finding a “Hook” as a Dietitian ...
  293. Weekly Recap: What Kind of Profit Margin Should You Have ...
  294. Weekly Recap: Will People Pay for History Lessons?
  295. Weekly Recap: Winning the Side Hustle Lottery
  296. Weekly Recap: “This Time, It's Different”
  297. What's In the Box? Low-Carb, Low-Sugar Snacks
  298. When Fashion Flops, This Designer Follows a Shiny Object ...
  299. Yoga Enthusiast Stretches B-School Education Into Fair-Trade ...
  300. Yoga Teacher Cleans Up with Home Organizing Business ...
  301. Zombie Apocalypse Prevention Podcast Earns $200,000/Year ...
  302. “Bendy Straw” Idea Raises $1.8M on Kickstarter
  303. “Fun Guy” Becomes Spore-Adic Mushroom Farmer
  304. “Random Acts of Kindness” Project Earns Non-Random Cash ...
  305. “SwitchPod” Camera Tool Raises $415,748 on Kickstarter ...
  306. “Teachers Against Humanities” Card Deck Unites Educators ...
submitted by 1913intel to sidehustle [link] [comments]

Weekly Roundup

News roundup for the previous week.
In International news
  1. Behind the Belt: Short Documentary featuring China’s cultural and economic relationship with Kenya through the eyes of the younger generation
  2. China’s Top Ideologue Calls for Tight Control of Internet
  3. Shinzo Abe: Japan ready to cooperate with China on Global trade plan, hopes to have trilateral meeting with Chinese premier and SK president before end of this year.
  4. Illini Shuttle launches a racist attack on Chinese international students. They protested. Scummy racist van company gets destroyed on review sites.
  5. Mistrust of Australia is growing in China
  6. Puerto Rico's Desperate. China Can Help.
  7. Silk diplomacy of the Celestial Empire against the Turkistan Islamic Party: The civil war in #Syria and growing TIP in the world's jihadist movement forced Beijing to make adjustments to foreign policy. Today, several dozen Chinese military advisers are training the Syrian military in Damascus
  8. China pushing billions into #Iran economy as Western firms stall: China financing billions of dollars of Chinese-led projects, making deep inroads into the economy while European competitors struggle to find banks willing to fund their ambitions, Iranian government and industry officials said
  9. Xi calls for promoting China #Myanmar economic corridor: "We have a long history of friendly friendship and close cooperation with mutual trust and mutual respect in recent years" said Suu Kyi. Xi proposed economic corridor with Myanmar to enhance trade investments and explore new cooperation areas
  10. Ad promises students 'You won't feel like you're in China when you're on our buses': "These types of racist and bigoted statements...deserve nothing but condemnation from all of us" - University of Illinois. Suburban sent a second email it titled "Apology" -- but the message didn't sound apologetic
  11. Asian American Doctor Put on Probation After Revealing He Gets Bullied at Work
  12. Air China To Launch Beijing-Panama Flights in 2018
  13. Budapest Summit: The Silk Road Comes to #Europe. China has comprehensively expanded its relations with the 16 states of the region, offering loans and construction support for a variety of infrastructure projects that are expected to facilitate the Silk Road's expansion into Europe
  14. China's animation wins first prize of Anilogue International #Animation Festival in Hungary: "Big Fish and Begonia" won the first prize of the full-length film category
  15. International forum analyzes evil nature of #FalunGong: Michael Kropveld, Founder and Executive Director of Info-Cult/Info-secte, said though China and western countries differ in culture, religion, history and law, the behavior of Li Hongzhi his followers are no doubt promoting a cult
  16. Panama builds "China team" to improve bilateral ties
  17. After ditching Taiwan, China says Panama will get the help it needs
  18. 'It's just a waste of money': Chinese students regret enrolling in US universities
  19. China, Maldives to increase Belt and Road cooperation: Yameen said the #Maldives viewed China as "amongst our closest friends, most trusted and most dependable partners." "The Belt and Road Initiative has greatly helped the development of many small and medium countries," he said
  20. Dragon of Afghanistan: Bruce Lee lookalike reviled by Extremists (Trailer) Premiere 12/6
  21. China’s ban on imported plastic leads to ‘impending crisis’ for UK waste recycling
  22. Russia-China bond market play could kick-start new dollarless financial system: The Moscow stock exchange will soon issue nearly $1 billion-worth of yuan-denominated bonds. It could become the start of a new financial system not based on the US dollar, analysts say
  23. China, Russia seek closer military cooperation: Military cooperation plays an important role in #Russia-China relations and the two countries should continue to strengthen their partnership in joint military drills, army games and personnel training, Putin said
  24. Trump fiddles with phone as US burns out in Asia, and China gives a lesson in leadership
  25. China offers to help get Israelis and Palestinians talking. Beijing calls for restraint as violence follows US decision to move embassy to Jerusalem.
  26. If U.S. Navy vessel docks in Kaohsiung, China will attack: PRC embassy minister
  27. 澳洲人民站起来了
  28. The China-Russia-Canada-America Train / Tunnel Link?
In Domestic news
  1. Chinese manned submersible with pinpoint accuracy officially commissioned: Shenhai Yongshi, or "deep sea warrior," control system enables the submersible to locate an item with a diameter of less than 50 cm some 3,500 meters underwater
  2. Gas shortage for winter heating sparks outrage
  3. What’s wrong with China’s kindergartens?
  4. At home and abroad, the swaggering Lu Wei, China’s now disgraced chief censor, won all his battles. Whether publicly cowing the country’s “Big V” bloggers or extracting homage from Western media and technology executives. Some speculate Mr. Lu’s didn’t go far enough to satisfy his boss, President Xi
  5. 中华人民共和国反间谍法实施细则
  6. English Teacher at Top School in China Fired Over Sexual Abuse Allegations
  7. Chinese per capita energy consumption expected to double by 2040
  8. Arrest warrant issued for 2nd HK Localist Rioter who skipped out on bail
  9. 中国驻美公使:美军舰抵达高雄日就是我军武统之时
In SciTech news
  1. China to power WuXi NextCODE, the Google of human #genome data: WXNC’s “genomically ordered relational database” was designed to store and analyse huge amounts of genetic code and index new genetic variations from genomes sequenced by the company, its partners and in every public data resource
  2. China is catching to the USA, while Japan is being left behind
  3. Fossil of a 'strange' sea creature discovered: with long spines along its wormlike body and a shell that covers its head like a helmet. The 2-centimeter-long creature, whose scientific name is Orthrozanclus elongata, lived during the Cambrian period
  4. Chinese scientists develop liquid metal 3D printing technique
  5. China's Dark Matter Space Probe Just Detected...Something Very Interesting: haven't found #darkmatter yet, but found what could be an indicator of it. Technically, it's called a spectral break, and while we've seen indirect measurements, this is the first time such a blip has been directly spotted
  6. Inside Baidu’s Bid to Lead the AI Revolution
  7. Better mastery of heat flow leads to next-generation thermal cloaks: #Thermalcloak is designed to hide heated objects from infrared. Materials for such cloaks would need to offer zero thermal conductivity. Fudan University a new mechanism for designing such materials
  8. U.S. and China Satellite Cooperation Means Better Service for Civilian GPS Users: The United States and China have negotiated compatible signal characteristics that will both protect and enhance service for users of the U.S. Global Positioning System (GPS) and the equivalent Chinese system
  9. Long March 2D lofts latest Yaogan Weixing satellite – named LKW-1: The Jianbing-6 electro-optical satellites carry high resolution optical sensors and reportedly have a resolution of between one to three meters and are placed in orbits that provide favorable illumination for the imaging missions
  10. China shows off drone brigade at Guangzhou Fortune Forum gala. 1180 drones weighing a ton and controlled by a console and one operator.
  11. China gets big boost in semiconductor equipment localization
  12. China is racing down the path of global digital domination, with Xi Jinping in the driver’s seat. China is already spending the equivalent of 2.1 per cent of its 2016 economic output on technology research and development, more than the European Union’s 2.08 per cent.
  13. Chinese Scientist discovers Perfectly Preserved Dinosaur Feathers trapped in amber in unprecedented find
  14. First small unmanned cargo ship in pipeline: loading capacity of 500 metric tons and be able to sail 500 nautical miles (930 km) with its battery fully charged. Such unmanned vehicles are expected to lower the number of human-error incidents at sea, reduce labor costs and cut emissions
  15. Shanghai subway to use Alibaba voice and facial recognition systems in #AI push: Passengers would be able to tell their destination to ticket machines, and the machines would then recommend the best route
In Economic news
  1. China’s Auto Industry Accelerates in Race Against Foreign Rivals: Lynk & Co. upscale vehicles capable of matching foreign rivals. “Local (Chinese) cars are now the ones that really offer the best value for money,”
  2. To counter NAFTA risks, Trudeau seeks to initiate FTA negotiations with China
  3. Economic Watch: Why the U.S. rejection of China's market economy status is wrong - Xinhua
  4. Chinese manufacturing may not be moving to Africa all that soon - The most common response to rising wages, however, was not relocating to countries with cheaper labor but turning to automation
  5. China Will Lead an Electric Car Future, Fords Chairman Says
  6. Iran & China seek to eliminate US dollar from bilateral trade
  7. China’s Agricultural Imports Will See Continuous Increase
  8. JD.com plans to build nearly 200 drone airports in rural China
  9. China’s phone market is now dominated by five companies, none of which is Samsung
  10. Business Opportunities from Consumption Upgrade in China
  11. The coming trade war over data
  12. Beijing’s bitcoin ban ‘helped China dodge a scary cryptocurrency bubble’: Despite China’s ban on #cryptocurrency exchanges, the government said it was looking into issuing its own sovereign digital currency
  13. China may top US as the world’s biggest consumer by 2022: Chinese imports from Asia, Africa, Oceania, South America and Eastern Europe have already topped those by the US
  14. Ford and Alibaba sign deal for 'car vending machine' sales in China Wants to 'reimagine vehicle ownership experience'
  15. Nvidia’s Shield TV offers Wii and GameCube games in HD in China: running in 1080p resolution, including New Super Mario Bros. Wii, The Legend of Zelda: Twilight Princess, and PUNCH-OUT
  16. Oil Prices Rise On Solid Chinese Demand
  17. China dominates top economies in patent applications. Last year accounted for more applications than US, Europe, Korea and Japan, combined.
  18. China's e-commerce retail over 40% of global market in 2016, doubles US
  19. Ford recruits #Alibaba to help break into China’s electric vehicle industry: The scope of alliance is fairly broad and vague at this point, but a large chunk of the”strategic collaboration” appears to be based around developing a direct sales channel to reach consumers in China
In Military news
  1. China confirms deployment of fighters to South China Sea island for first time: China had sent J-11B fighters to Woody Island in #Paracel. Thermostabilized hangar boosts the jet fighters’ durability and resistance to the island’s humidity and high temperatures,” for longer-term deployments
  2. China Has a Plan to Make America's Stealth Aircraft Obsolete
  3. US defense companies facing increased competition from China
  4. China building more Yuyi-class LCACs: Five Type 726As that appeared to be nearly completed could be seen at the yard on 24 November. The first of these 20,000-tonne amphibious assault ships was commissioned in 2007
  5. Is China chipping away at the Asean bloc? Diplomatic observers say that by pulling its neighbours closer, Beijing is stretching ties between other countries in the region, testing bonds within the Asean bloc on big issues like the South China Sea
  6. Combat ready: Chinese air force puts new Y-9 transport planes through paces in South China Sea drill. Flew thousands of km to simulate an airdrop over an island in the contested waters. The exercise was conducted in mock combat conditions and without weather data or guidance from a command centre
  7. US Air Force Gen. John E. Hyten has alleged that China and Russia have reportedly been developing capabilities, including jamming and laser weapons, that can target military assets of the United States, based in space
  8. China’s Type 001A Aircraft Carrier to House 40 J-15 Fighter Jets: The Type 001A carrier, which is close to completing its mooring test, fifth generation jets such as J-20 and J-31 are meant for flight operations from China's future aircraft carriers with the electromagnetic launcher system
  9. China and Iran carry out naval exercise near Strait of Hormuz as US holds drill with Qatar
Other Notables
  1. Asia's first fully-automated port sets new record
  2. Does anyone have English subtitles for the show "In the name of the people" (人民的名义)?
  3. West meets East: An American girl’s bond with China. Chinese social media have fallen in love with an American teenage girl, after listening to her reciting of an ancient Chinese poem. Happy Rogers, daughter of US investor Jim Rogers, recited a poem written by a Chinese poet of the Song Dynasty
  4. Traditional Han-style group wedding ceremony held in Hunan
  5. Forgotten Japanese POW camp recalled in Chinatown exhibition: The display of 200 enlarged images, along with wall text and illustrations smuggled out by the POWs themselves, comes from China’s Site Museum of Shenyang POW Camp of World War II Allied Forces, and this is its North American premiere
  6. Westerner totally gets it about China
  7. uo'aXy'an Lesson One: Introduction and Greetings (TIL Star Citizen scifi game has a made up alien inspired by Han dynasty and there's a made up language to go with it)
  8. How is the UCLA Basketball team theft being portrayed in China? What are the reactions?
  9. Apple CEO backs China’s vision of an ‘open’ Internet as censorship reaches new heights
  10. Russian election interference: Western leaders hypocritical in manufactured outrage against Russia and China
  11. Chinese Teen Cancer Patient Begs Parents to Stop Her Treatments Because They Can't Afford It
  12. 印度美女漂泊14年,一心只想嫁个中国老公
  13. Homeless Hong Kong man wearing junk metal trinkets [3572 × 4000]
  14. Live: Xi'an-Chengdu HSR puts into wide operation西成高铁实现全线开通运营
  15. LSE Research in Mandarin: Chinese political thoughts | London School of Economics @uToob
  16. China showcases jet fighters at South China Sea island
  17. The Subversive Power of Chinese Internet Slang
  18. 馬雲空降魔都:不愛喝咖啡,但愛星巴克!】全球最大星巴克落戶上海,「星粉」評價:環境很贊,出品很棒,價格不便宜
  19. The day my Chinese dad was declared a ‘bona fide’ #Indonesian and given a new name: I couldn’t imagine what it must have been like living with the continuous, forced assimilation policies in the era of former president Suharto, whose ‘New Order’ regime enacted laws to counter the “Chinese problem”
  20. China and the American Revolution
  21. The Story Behind Lavish Chinese Dance Extravaganza Shen Yun
  22. Traditional Chinese Wedding Hanfu in the style of the Ming Dynasty. Hanfu from 明华堂/Minghuatang.
  23. Chinese Film Sector Charts a Course for a #SciFi Blockbuster to Call Its Own: There are now no less than 10 high-profile such projects targeting release over the coming 12 to 18 months, and many of the country's most esteemed film figures have caught the bug
  24. Ningxia under imperial rule ‘centuries earlier’: excavation of 3,000-year-old tombs. The jade mantis provides evidence of the tomb owner’s relationship with imperial governments. Discovery suggests Ningxia part of the imperial empire from the late Shang, 1,000 years earlier than previously believed
  25. 年度“開光”神曲舞蹈大匯總!【最新 中國搞笑視頻合集+中國社交網絡熱門視頻集錦 10
  26. Wedding photo on cliff face in central China
  27. Ancient China: Colossal Waterway System Built by 5,000-Year-Old #Liangzhu Civilization Discovered by Scientists. Took an estimated 3,000 people nearly a decade to build, and pushes back the date of China's earliest known large-scale water engineering project to about 5,100 years ago
  28. The Rock Springs Massacre
  29. The Child Stars Putting China’s Adult Actors to Shame: “Dream of the Red Chamber” became an overnight sensation. “The acting is really good. To be honest, it’s better than that of some superstars,” read one of hundreds of enthusiastic bullet screen comments searing across the series’ first episode
  30. Netflix acquires three more popular web dramas from China
  31. Inside the China National Acrobatic Troupe with star performer Di Hui
  32. Globe editorial: Does Justin Trudeau get China?
  33. Commentary: It's time for Australia to decide what kind of relationship it wants with China - Xinhua
submitted by AutoModerator to Sino [link] [comments]

Subreddit Stats: Economics top posts from 2016-12-11 to 2017-12-10 14:09 PDT

Period: 363.96 days
Submissions Comments
Total 998 124701
Rate (per day) 2.74 341.28
Unique Redditors 447 16507
Combined Score 499738 904919

Top Submitters' Top Submissions

  1. 24425 points, 17 submissions: speckz
    1. At $75,560, housing a prisoner in California now costs more than a year at Harvard (5125 points, 597 comments)
    2. America’s Lost Einsteins - Millions of children from poor families who excel in math and science rarely live up to their potential—and that hurts everyone. (3231 points, 440 comments)
    3. One in five American households have ‘zero or negative’ wealth (2951 points, 619 comments)
    4. Escaping Poverty Requires Almost 20 Years With Nearly Nothing Going Wrong. The MIT economist Peter Temin argues that economic inequality results in two distinct classes. And only one of them has any power. (2717 points, 631 comments)
    5. After decades of pushing bachelor’s degrees, U.S. needs more tradespeople (2386 points, 587 comments)
    6. The world’s most valuable resource is no longer oil, but data (2200 points, 198 comments)
    7. Employees Who Stay In Companies Longer Than Two Years Get Paid 50% Less (1873 points, 260 comments)
    8. Student Loan Debt Is Now As Big as the U.S. Junk Market (1392 points, 380 comments)
    9. The tech sector is leaving the rest of the US economy in its dust (614 points, 235 comments)
    10. The Countries Most (and Least) Likely to be Affected by Automation. Japan is at the top with 55.7% while the US is at 45.8%. (532 points, 138 comments)
  2. 19191 points, 26 submissions: jimrosenz
    1. Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds (7205 points, 402 comments)
    2. The Gender Pay Gap Is Largely Because of Motherhood (3325 points, 661 comments)
    3. 'Negligible' link between executive pay and firm's performance, says study (1561 points, 165 comments)
    4. We need to challenge the myth that the rich are specially-talented wealth creators (1231 points, 552 comments)
    5. Will MySpace ever lose its monopoly? (2007) (1219 points, 193 comments)
    6. Should the Government Bring Back Trust-Busting? (1093 points, 201 comments)
    7. Economics isn't a bogus science — we just don't use it correctly (625 points, 176 comments)
    8. ‘Exclusionary zoning’ is opportunity hoarding by upper middle class (559 points, 240 comments)
    9. Index Funds Are Great for Investors, Risky for Corporate Governance (358 points, 75 comments)
    10. Milton Friedman's Cherished Theory Is Laid to Rest (324 points, 156 comments)
  3. 15893 points, 26 submissions: ghostofpennwast
    1. Student Debt Is a Major Reason Millennials Aren't Buying Homes (2228 points, 487 comments)
    2. Americans Are Paying $38 to Collect $1 of Student Debt (1598 points, 150 comments)
    3. Report: America’s marijuana industry headed for $24 billion by 2025 (1350 points, 74 comments)
    4. Solar Power Will Kill Coal Faster Than You Think (1336 points, 243 comments)
    5. Saudi Arabia signals end of tax-free living as oil revenues slump (1013 points, 264 comments)
    6. One-third of Americans say they’d have trouble coming up with an emergency $2,000 (979 points, 346 comments)
    7. Trump Seeks $3.6 Trillion in Spending Cuts to Reshape Government (977 points, 652 comments)
    8. Indian American community richest with median household income of $103,821 (846 points, 201 comments)
    9. Foreigners snap up record number of US homes (825 points, 363 comments)
    10. More Americans Are Falling Behind on Student Loans, and Nobody Quite Knows Why (679 points, 526 comments)
  4. 13354 points, 31 submissions: Splenda
    1. Study: The richest families in Florence in 1427 are still the richest families in Florence (5678 points, 501 comments)
    2. Handing Out Tax Breaks to Businesses Is Worse Than Useless: Study exposes the futility of the $45 billion that states spend on economic development incentives. (1410 points, 120 comments)
    3. The Never-Ending Foreclosure: How can the country survive the next economic crash if millions of families still haven't recovered from the last one? (1061 points, 331 comments)
    4. Memo To Steven Mnuchin: Trump's Tax Plan Would Add $7 Trillion To The Debt Over 10 Years (950 points, 317 comments)
    5. Rural America Is Aging and Shrinking (414 points, 364 comments)
    6. This Is What a Real Middle-Class Tax Cut Would Look Like (387 points, 252 comments)
    7. The coming battle between the Trump team and economists over the true cost of climate change (290 points, 102 comments)
    8. Here’s One Scary Way Trump’s Team Could Manipulate Government Data: It has plans to recalculate the social cost of carbon, which has been called “the most important number you’ve never heard of.” (256 points, 29 comments)
    9. Hot and Violent: Researchers have begun to understand the economic and social damage caused by climate change. (238 points, 90 comments)
    10. How Wall Street Once Killed the U.S. Solar Industry… and how it could happen again. (238 points, 53 comments)
  5. 12703 points, 31 submissions: DoremusJessup
    1. U.S. Wage Disparity Took Another Turn for the Worse Last Year: The rich-poor pay gap is getting wider (1307 points, 323 comments)
    2. European Union finance ministers agreed on Tuesday to close loopholes multinational corporations use to skip taxation on dividends, part of a drive to stop them from parking profits where they pay the least tax (1063 points, 131 comments)
    3. Trump Plan to Slash LLC Rate Is Boon for Top Earners: Cutting pass-through rate to 15% could cost $2 trillion; Top 1% would get tax cut of $76,000 - Tax Policy Center (1046 points, 216 comments)
    4. Robots Are Slashing U.S. Wages and Worsening Pay Inequality: Robots have a real impact on jobs and wages, new research shows (1014 points, 391 comments)
    5. US Adds 156K Jobs; Unemployment Rate Ticks up to 4.7 Pct. Hourly pay jumped 2.9 percent from a year earlier, the biggest increase in more than seven years (883 points, 350 comments)
    6. Norway's sovereign wealth fund, the world's largest, on Friday called for a cap on executive pay and fiscal transparency at the companies in which it invests, further buffing its reputation as an ethical investor (846 points, 78 comments)
    7. U.S. payrolls increase more than expected, wages rise (842 points, 142 comments)
    8. America’s Biggest Creditors Dump Treasuries in Warning to Trump (838 points, 309 comments)
    9. Unemployment in the U.S. Is Falling, So Why Isn’t Pay Rising? (571 points, 228 comments)
    10. Citigroup on Thursday became the first-ever bank to get hit with civil "spoofing charges," after U.S. derivatives regulators said one of its units entered U.S. Treasury futures market orders with the intent of canceling them (511 points, 46 comments)
  6. 12274 points, 1 submission: CADBP
    1. Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA (12274 points, 809 comments)
  7. 11930 points, 4 submissions: trot-trot
    1. Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say (11060 points, 1329 comments)
    2. Libor: Bank of England implicated in secret recording (517 points, 9 comments)
    3. 'These Boots are Made for Walking': Why Most Divorce Filers are Women (273 points, 268 comments)
    4. This Is Le Pen's Plan to Break Up the Euro (80 points, 11 comments)
  8. 11267 points, 16 submissions: unimployed
    1. Basically every problem in the US economy is because companies have too much power, new research argues (7086 points, 372 comments)
    2. The Fraternity Paradox: Lower GPA, Higher Incomes (1440 points, 319 comments)
    3. The Real Reason the U.S. Has Employer-Sponsored Health Insurance (566 points, 95 comments)
    4. US opioid crisis holds back jobs market recovery, says study (563 points, 74 comments)
    5. An important shift in the job market makes the mystery of weak wage growth less puzzling (345 points, 62 comments)
    6. The Economics and Politics Of Flooding and Insurance (266 points, 56 comments)
    7. Economic models are broken, and economists have wildly different ideas about how to fix them (198 points, 130 comments)
    8. Most Americans live paycheck to paycheck (128 points, 56 comments)
    9. Trump preparing withdrawal from South Korea trade deal (97 points, 46 comments)
    10. The Incredible Shrinking Corporate Tax Bill (93 points, 24 comments)
  9. 9635 points, 17 submissions: lingben
    1. I’m a Depression historian. The GOP tax bill is straight out of 1929 (2907 points, 577 comments)
    2. 35 of 37 economists said Trump was wrong. The other two misread the question. (2127 points, 198 comments)
    3. CEOs agree: Corporate tax cuts won't trickle down (738 points, 301 comments)
    4. Trump's Numbers Guy Isn't Great With Numbers (662 points, 111 comments)
    5. Trumponomics Gets The Thumbs Down From Nobel-Winning Economists (563 points, 268 comments)
    6. If Everyone Is So Confident, Why Aren’t They Borrowing? (466 points, 179 comments)
    7. Economists Have No Use for Republican Tax Cuts (447 points, 180 comments)
    8. Corruption Is Still a Problem Ten Months After India's Cash Ban (412 points, 39 comments)
    9. Should the rich be taxed more? (352 points, 554 comments)
    10. Trump Administration Considers Change in Calculating U.S. Trade Deficit (208 points, 19 comments)
  10. 9371 points, 1 submission: RegressToTheMean
    1. Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan (9371 points, 848 comments)
  11. 8887 points, 39 submissions: mberre
    1. Japan logs longest phase of growth in 16 years (846 points, 76 comments)
    2. British Employers Begin To See A Pre-Brexit Exit Of Foreign Workers (746 points, 268 comments)
    3. US unemployment falls to 10-year low (602 points, 228 comments)
    4. U.S. new home sales fall to seven-month low (546 points, 242 comments)
    5. US deficit rises to 2008 levels (538 points, 91 comments)
    6. Iceland to end capital controls from 2008 financial crisis - BBC News (463 points, 48 comments)
    7. Swiss say goodbye to banking secrecy (450 points, 122 comments)
    8. Pew Research: In a Recovering Market, Homeownership Rates Are Down Sharply for Blacks, Young Adults (439 points, 183 comments)
    9. UK wealth gap 'widening over past decade' says report - BBC News (429 points, 182 comments)
    10. Fed's Williams calls for global rethink of monetary policy (387 points, 158 comments)
  12. 7956 points, 6 submissions: johnmountain
    1. Martin Schulz to Trump: Dropping Paris agreement means no trade talks -- ‘Whoever wants to have access to our market needs to respect the European standards,’ Schulz says. (6708 points, 1020 comments)
    2. Paul Krugman in 1998: Internet’s Economic Impact No Greater Than Fax Machine (710 points, 261 comments)
    3. Without Power to Run A.T.M.s, Puerto Rico Is Cash Only (210 points, 15 comments)
    4. A basic income could boost the US economy by $2.5 trillion (150 points, 165 comments)
    5. America's housing inventory crisis is causing home prices to rise at double the rate of a 'normal' market (91 points, 15 comments)
    6. Why Do Cities Become Unaffordable? (87 points, 117 comments)
  13. 6952 points, 2 submissions: mjanes
    1. The U.S. Has Forgotten How to Do Infrastructure: The nation once built things fast and cheaply. Now experts are puzzled why costs are higher and projects take longer than in other countries. (5056 points, 575 comments)
    2. Reaganomics killed America’s middle class (1896 points, 468 comments)
  14. 6290 points, 2 submissions: Nolagamer
    1. 37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question. (5268 points, 473 comments)
    2. Opioid crisis: Nearly half of working-age American men who are out of the labor force are using painkillers daily (1022 points, 137 comments)
  15. 5852 points, 7 submissions: PinkSlimeIsPeople
    1. Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds (3816 points, 352 comments)
    2. You're not imagining it: the rich really are hoarding economic growth (841 points, 546 comments)
    3. Vast Majority of Americans Would Likely Lose From Senate GOP’s $1.5 Trillion in Tax Cuts, Once They’re Paid For (347 points, 128 comments)
    4. Commentary: Signs Suggest Trump Budget Will Feature Unprecedented Cuts Plus Large Tax Cuts Favoring Wealthy (323 points, 212 comments)
    5. Eight Market-Oriented Proposals That Reduce Income Inequality (304 points, 280 comments)
    6. Republicans’ tax plan gives the top 1 percent of households a $207,000 tax cut; Bottom 20 percent get $50 (163 points, 154 comments)
    7. Eliminating Two ACA Medicare Taxes Means Huge Tax Cuts for High Earners and the Wealthy (58 points, 67 comments)
  16. 5489 points, 10 submissions: pipsdontsqueak
    1. Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll (1219 points, 461 comments)
    2. After a Tax Crackdown, Apple Found a New Shelter for Its Profits (1216 points, 221 comments)
    3. Fed raises rates for third time since the recession (716 points, 170 comments)
    4. U.S. moves to impose tariffs of as much as 219 percent on Canadian jet maker, siding with Boeing (672 points, 120 comments)
    5. Bitcoin hits all-time high after CME Group says to launch futures (637 points, 365 comments)
    6. Trump Is Expected to Name Jerome Powell as Next Fed Chairman (451 points, 58 comments)
    7. Awaiting Trump's coal comeback, miners reject retraining (202 points, 118 comments)
    8. Republicans to propose keeping top tax rate for very wealthy, nodding to concerns (202 points, 63 comments)
    9. Experian fined $3M over 'inaccurate' credit scores (97 points, 3 comments)
    10. Paradise Papers: Apple's secret tax bolthole revealed (77 points, 8 comments)
  17. 5133 points, 2 submissions: MaxGhenis
    1. Something missing from Trump's Cabinet: Economists (4128 points, 575 comments)
    2. San Francisco Bans Salary History Questions (1005 points, 243 comments)
  18. 4744 points, 16 submissions: InvisibleTextArea
    1. New Zealand bans foreign home buyers (1744 points, 533 comments)
    2. EU Audit Admits Greek Bailouts Didn't Go as Planned (811 points, 291 comments)
    3. Renters in the UK spend average of 62 per cent of income on rent (627 points, 104 comments)
    4. Venezuela pulls most common banknote from circulation to 'beat mafia' (369 points, 80 comments)
    5. Yet again, today’s politicians are ignoring basic economics (166 points, 111 comments)
    6. The next crash risk is hiding in plain sight (159 points, 36 comments)
    7. After Universal Basic Income, The Flood (143 points, 118 comments)
    8. Slow economic growth is not the new normal, it's the old norm (124 points, 117 comments)
    9. Cryptoeconomics 101 (88 points, 9 comments)
    10. Of productivity in France and in Germany (85 points, 19 comments)
  19. 4258 points, 16 submissions: kludgeocracy
    1. How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) (787 points, 296 comments)
    2. How “Shareholder Value” is Killing Innovation (637 points, 217 comments)
    3. Capitalism Can Thrive Without Cooking the Planet (547 points, 296 comments)
    4. American builders’ productivity has plunged by half since the late 1960s (519 points, 112 comments)
    5. There's a $136,400 reason so many Americans feel they haven't made economic progress (470 points, 186 comments)
    6. What Happened When 18 States Raised Their Minimum Wage? (242 points, 189 comments)
    7. Democrats just united on a $15-an-hour minimum wage (208 points, 252 comments)
    8. Avoiding Payday Loans Makes the Poor Richer (201 points, 44 comments)
    9. Maybe We’ve Been Thinking About the Productivity Slump All Wrong (167 points, 92 comments)
    10. Researchers have answered a big question about the decline of the middle class (95 points, 50 comments)

Top Commenters

  1. tcoop6231 (6607 points, 678 comments)
  2. SmokingPuffin (5048 points, 544 comments)
  3. MasterBerter (4931 points, 369 comments)
  4. louieanderson (4560 points, 710 comments)
  5. autotldr (3551 points, 333 comments)
  6. TitaniumDragon (3202 points, 693 comments)
  7. Adam_df (3193 points, 611 comments)
  8. HTownian25 (3165 points, 392 comments)
  9. slash196 (3002 points, 284 comments)
  10. thewimsey (2932 points, 534 comments)
  11. MELBOT87 (2835 points, 187 comments)
  12. HeFlipYa (2819 points, 380 comments)
  13. Ponderay (2809 points, 198 comments)
  14. Mylon (2732 points, 510 comments)
  15. ucstruct (2729 points, 241 comments)
  16. bartink (2473 points, 645 comments)
  17. throwittomebro (2360 points, 490 comments)
  18. holy_rollers (2318 points, 211 comments)
  19. Lando_Calrissian (2314 points, 14 comments)
  20. bokabo (2250 points, 487 comments)
  21. skatastic57 (2212 points, 284 comments)
  22. bobmarles3 (2179 points, 189 comments)
  23. Splenda (2159 points, 366 comments)
  24. mwatwe01 (2133 points, 34 comments)
  25. UpsideVII (2120 points, 171 comments)
  26. sunflowerfly (2032 points, 178 comments)
  27. OliverSparrow (2002 points, 362 comments)
  28. Rookwood (1965 points, 297 comments)
  29. besttrousers (1948 points, 181 comments)
  30. sethstorm (1928 points, 880 comments)
  31. roboczar (1899 points, 133 comments)
  32. HumanKapital_ (1889 points, 404 comments)
  33. itsreaditpeople (1887 points, 13 comments)
  34. cd411 (1880 points, 62 comments)
  35. brberg (1841 points, 287 comments)
  36. Brad_Wesley (1811 points, 183 comments)
  37. DrSandbags (1772 points, 164 comments)
  38. DefendedCobra29 (1727 points, 27 comments)
  39. Uptons_BJs (1660 points, 70 comments)
  40. TracyMorganFreeman (1655 points, 628 comments)
  41. whyrat (1652 points, 110 comments)
  42. FweeSpeech (1648 points, 68 comments)
  43. darwin2500 (1635 points, 229 comments)
  44. Holophonist (1612 points, 247 comments)
  45. Nolagamer (1569 points, 272 comments)
  46. Dave1mo1 (1553 points, 171 comments)
  47. WordSalad11 (1546 points, 167 comments)
  48. HeTalksToComputers (1511 points, 141 comments)
  49. number676766 (1475 points, 7 comments)
  50. matty_a (1445 points, 1 comment)

Top Submissions

  1. Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA by CADBP (12274 points, 809 comments)
  2. Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say by trot-trot (11060 points, 1329 comments)
  3. Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan by RegressToTheMean (9371 points, 848 comments)
  4. Warren Buffett wins $1M bet made a decade ago that the S&P 500 stock index would outperform hedge funds by jimrosenz (7205 points, 402 comments)
  5. Basically every problem in the US economy is because companies have too much power, new research argues by unimployed (7086 points, 372 comments)
  6. Martin Schulz to Trump: Dropping Paris agreement means no trade talks -- ‘Whoever wants to have access to our market needs to respect the European standards,’ Schulz says. by johnmountain (6708 points, 1020 comments)
  7. Study: The richest families in Florence in 1427 are still the richest families in Florence by Splenda (5678 points, 501 comments)
  8. Warren Buffett declared victory Saturday in his decade-long, $1 million bet that low-cost index funds would out earn more expensive hedge funds by deleted (5318 points, 311 comments)
  9. 37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question. by Nolagamer (5268 points, 473 comments)
  10. At $75,560, housing a prisoner in California now costs more than a year at Harvard by speckz (5125 points, 597 comments)

Top Comments

  1. 1760 points: itsreaditpeople's comment in Freakonomics: You're twice as likely to go from low to high income in Canada than in the USA
  2. 1678 points: mwatwe01's comment in Trade school, not 4-year college, is a better bet to solve the US income gap, researchers say
  3. 1445 points: matty_a's comment in Trump Administration Rolls Back Protections for People in Default on Student Loans
  4. 1411 points: electrik_wizard's comment in The U.S. Has Forgotten How to Do Infrastructure: The nation once built things fast and cheaply. Now experts are puzzled why costs are higher and projects take longer than in other countries.
  5. 1326 points: number676766's comment in Something missing from Trump's Cabinet: Economists
  6. 1314 points: Lando_Calrissian's comment in Trump names Japan a currency manipulator
  7. 1201 points: DefendedCobra29's comment in Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan
  8. 1004 points: kristopolous's comment in Reaganomics killed America’s middle class
  9. 1000 points: TheWhitestOrca's comment in Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan
  10. 983 points: BmoreIntelligent's comment in The Fraternity Paradox: Lower GPA, Higher Incomes
Generated with BBoe's Subreddit Stats (Donate)
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[uncensored-r/Bitcoin] Taking the Coursera Financial Markets course the introduction is 100% pro bitcoin but not directl...

The following post by aelaos1 is being replicated because the post has been silently greylisted(for 6.1 hours).
(It was approved by the mods at: 2017-10-04T23:18:59.000Z)
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7472u0
The original post's content was as follows:
Just read the transcript and see what is says about unelected central bankers etc.
Just like we talk about the weather almost every day, those who follow financial markets constantly talk about interest rates. An interest rate signals the price of money. For borrowers, it is the cost of having money and influences what money can buy. For lenders, it is the reward for investing and influences how money can be saved. But as we will learn in this segment, interest rates can also do a lot more. 0:41 Central bankers who oversee a nation's commercial banking system, and other senior policy makers take the lead, because they have the power to change interest rates. This in turn, sets up the economic conditions, that can enable politicians, businesses, and civic leaders to do their part. 1:00 In this sense, interest rates can profoundly effect our economic well being. 1:06 Central bankers not only supervise the banking system and money supply, but are independent of elected politicians. They have almost stayed in the background until former chairmen of the US Federal Reserve system Alan Greenspan. He came along, and he was considered a savior following the dot come crash of 2000, which he famously labeled as a period of irrational exuberance. But Mr. Greenspan's policy decisions were also blamed for much more serious sub-prime mortgage crash of 2007. And we'll talk more about these crashes later. But the subprime crash and the resulting global financial crisis did reveal just how interconnected stock, real estate, bonds, and commodity markets are and how globalized they have become. 1:53 According to Mohamaed El-Erian, the ex-CEO of PIMCO, one the world's largest bond investment firms, central bankers are quote the only game in town unquote. Which is the title of his book, an excellent resource that you can find the link to in this course's curation corner. In this book, El-Elrian explains that the current problem for the developed world is slow or no economic growth. What central bankers are now expected to fix by setting interest rates. So when the major central banks of the world including the US Federal Reserve Bank, the European Central Bank, the Bank of Japan, and the People's Bank of China, change what's called the bank rate, the rate which affects the banking system. All other interest rates and several financial markets get affected. It's a domino effect. The recent actions of central bankers are just unprecedented. 2:53 The feds referring to the American central bank have made over 600 cuts to the interest rate since 2008. Central bankers are in the public eye even though most would rather not be, so they that they can ensure their independence from the government. And for the layperson, they are unelected bankers who are directly affecting the pocket books of their countries citizens, which some might find troubling. The point is often linked to the question of inequality, which asks why economic benefits are concentrated with the few. A recurring theme in finance for everyone, even though the question of wealth distribution should really be taken up by politicians responsible for fiscal policy. 3:36 Regardless, thinking about interest rates gives us a chance to look into all of these very important connections. Here, it's easy to see that over the past two decades, interest rates have been cut to almost zero. 3:51 This might explain why central bankers feel cornered. They're damned if they change interest rates, and they're damned if they don't. Increasing rates means money becomes more expensive. So everyone spends less, which is almost certain to trigger an economic recession in countries with a sluggish or fragile economy. 4:12 Also, governments who have borrowed too much really gets squeezed when rates rise. For example, the U.S government already pays more interest on it's national debt than for the combined total that it pays for it's food assistance program, higher eduction, unemployment benefits, and pollution control. 4:34 The Congressional Budget Office calculates that if interest rates move up by about two and a half percent in the next four years, the annual debt payments will double and explode to more than 840 billion US dollars. This will further squeeze a lot of existing programs or force even more borrowing. 4:54 But decreasing rates any further makes them negative, which central bankers have little experience with. Negative rates turn everything we've learned about time value of money upside-down. For example, negative rates imply that banks would return less than what is deposited, which can clearly hurt them, as they signal disincentives to save. 5:16 Insurance and pension companies would no longer have products to sell, even though these will always be required in a well-functioning marketplace. 5:25 Negative rates also encourage hoarding cash, which takes money out of the system and puts the brakes on economic growth. 5:33 So let's step back for a second to understand how all of this works. 5:38 Policy makers reduce interest rates, assuming that we will spend more and invest most in bonds and stocks. Governments follow suit by reducing rates on their bonds. Which attracts more buyers and subsequently drives bond prices up. 5:55 The result is a cycle of decreasing interest rates to encourage people to invest more in increasingly expensive bonds. 6:04 Today, about one third of government debt worldwide is trading at negative interest rates. Low rates also get investors to buy riskier products like stocks, so that they can make a better return on their investments. 6:18 Like with bonds, demand increases stock prices, but not because companies have become more productive. These conditions set up both the stock and bond markets to crash, because prices are a result of money flows rather than based on intrinsic value, something we discuss at length later to explore Corrections and crashes. For consumers, low interest rates makes money cheaper. So if you need a vehicle, a home, or an education. Your payments become more affordable which boost's the economy. But not all consumers experiences are equal. Interest rates differ for different people, and for many, it's easy to get stuck with too much debt too quickly. 7:03 Generally, debt has always been a temptation. And has been associated with greed, sin, and poor morals. If you have maxed out on your credit card, or are unable to pay your loans, you no longer end up in a debtors prison, which were abolished in the 19th century. But, it becomes very hard to erase a record of bankruptcy or raise money for that matter. 7:26 For millions of Europeans and Americans that thought they had affordable student consumer or home loans, changes in the interest rate caused unimaginable distress in 2007. 7:37 But on the flip side, for those who are setting up a fund to care for a family member, or an education fund to invest in, low interest rates affect you just as well. 7:49 According to Larry Fink, the CEO of Blackrock, the largest money management firm in the world, if you're 35-years old, you have to save more than three times as much to make the same retirement income if long term interest rated decrease from five to two percent. 8:06 The magic of compounding that we discussed in the decisions course comes to a crawl when interest rates are low. And in most developed economies, aging populations don't have enough for retirement. And low returns make the problem just extremely worse. Today's very low interest rates are having just that effect. When cheap money becomes the norm, investors increase savings rather than spend more to make up for the loss in future value. As we have mentioned, with negative interest rates you can also expect people to hoard more money. Including companies who will move money to look for more productive uses. This is reflected in the velocity of money, the rate money changes hands from one transaction to another. 8:53 Velocity is a very good measure of money's impact on the entire economy. For example, suppose you spend twenty dollars for a haircut, yhe barber then purchases $20 of hair products. The gross domestic product is now $40. This GDP would increase to $480 annually, if you went for a haircut every month. So the velocity of $20 had a multiple of 24, but only parties were involved. Now you can imagine what happens when there is a chain reaction of transactions triggered by the frequency of how much, and how many times we spend money. 9:36 From this chart, we can look back and see that during the past two decades of low interest rates, velocity has continued to steadily decrease and is now at its lowest point. 9:47 The lower velocity explains deflation or price decreases, which cause a contraction or slow down of economic activity. 9:58 Note that deflation, which is the opposite of inflation means that money can buy more in the future. In other words, since the risk free rate of interest has two component, the real and the inflation component, then replacing inflation with deflation by partly explained negative interest rates even though there is a positive real interest rate component built within 10:23 to summarize low interest rates are not a panacea. They have been overused by central bankers to cure low growth, which is now having massive unintended side effects. Especially, considering negative interest rates. 10:39 We will explore interest rates further in the next video to help us understand more about how they conne...
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Subreddit Stats: badeconomics top posts from 2014-12-28 to 2015-12-26 14:40 PDT

Period: 363.19 days
Submissions Comments
Total 998 85609
Rate (per day) 2.75 234.43
Unique Redditors 240 2478
Combined Score 26803 402029

Top Submitters' Top Submissions

  1. 1933 pts, 76 submissions: u/urnbabyurn
    1. Guy praxes out why women should be virgins (66 pts, 184 comments)
    2. The Democratic POTUS primary debate thread (61 pts, 400 comments)
    3. In solidarity with reddit uprising, /badeconomics will not be the default sub in place of /economics. wumbotarian is Victoria and /praxacceptance has gone full Marxian. (59 pts, 101 comments)
    4. End of Memes! Central planning failure... (58 pts, 21 comments)
    5. Anyone else notice how quiet the economics subs get during Passover? (57 pts, 8 comments)
    6. "Once demand is high enough you don't need to lower your price" (49 pts, 73 comments)
    7. The BE reader - crowd sourcing chapters thread (49 pts, 141 comments)
    8. Feminism is responsible for stagnant wages (48 pts, 187 comments)
    9. Trade is worse than war! (44 pts, 72 comments)
    10. ELS series: we hate famous economists part 27 (44 pts, 85 comments)
  2. 1214 pts, 36 submissions: u/besttrousers
    1. Is a basic income badeconomics? No, not really. But there is a lot of badeconomics in the /basicincome FAQ (Part 1) (163 pts, 136 comments)
    2. "But companies still hire people because they have no choice but to. They need enough workers to meet the demands of the market and so they hire people. So if a layoff was to occur I'd occurred regardless of wage hike." (72 pts, 73 comments)
    3. "Piketty basically proved that r>g, which means capital tends to concentrate faster than the economy grows. This means our method of economics is destined to collapse." (58 pts, 25 comments)
    4. " The Chicago school seems to pretty much ignore money." (53 pts, 71 comments)
    5. [META] /badmathematics discusses Austrian economics (52 pts, 112 comments)
    6. Migrants respond to the market signal of high wages. They migrate, and some find jobs, and others do not. Those who do not find jobs end up on welfare rolls. Wages do not fall, and the market signal telling migrants to keep coming remains broadcasted to the world. (45 pts, 84 comments)
    7. I think I finally praxxed out why Austrians tend to be libertarians (43 pts, 36 comments)
    8. "The first paper [Diamond 1960] I have refuted, show me the damn data or go troll elsewhere.' (41 pts, 100 comments)
    9. "So again, I ask, what exactly would humans have a comparative advantage in?" (40 pts, 159 comments)
    10. The stock market has gone up ∴ we are in a bubble (38 pts, 118 comments)
  3. 1033 pts, 31 submissions: u/say_wot_again
    1. FUCK THE BABY BOOMERS!!! LOUD NOISES!!! (253 pts, 259 comments)
    2. Economics Is Too Important to Be Left to Economists (70 pts, 80 comments)
    3. Very Serious Economic Training vs. Free Trade (58 pts, 142 comments)
    4. TIL free movement of labor is a subsidy. (46 pts, 30 comments)
    5. The General Theory of Comments, Interest, and Stickies (42 pts, 25 comments)
    6. Apparently the simple act of being in New York now makes you too big to fail. (39 pts, 15 comments)
    7. Not Pictured: A credible model of macroeconomics (36 pts, 56 comments)
    8. Careful Sumner. Winter is coming. (35 pts, 71 comments)
    9. Low oil prices will lead to an oil shortage! People are batteries! And more gems. (32 pts, 51 comments)
    10. DAE live in a formalized fantasy world? (28 pts, 112 comments)
  4. 996 pts, 28 submissions: u/commentsrus
    1. User in /Politics unironically calls Integralds "Hitler" in a horrible thread about the Federal Reserve, Bitcoin, Anarcho-Marxism, and Basic Income. (202 pts, 17 comments)
    2. Kicked a girl out before sex after she started arguing that Keynesian/Hansen-Samuelson multipliers weren't real (104 pts, 68 comments)
    3. meconomist irl (85 pts, 79 comments)
    4. And the Lord Sanders sayeth unto /Politics: "There are only so many jobs we could extract from the jobs mines this year, and blessed is he who doesn't give them to immigrants." Amen. (53 pts, 91 comments)
    5. [Dank Meme] Wumbotarian's OPpR1ession (47 pts, 34 comments)
    6. How to replace the entire banking system with cryptocurrency in 3 years and what results it will bring (38 pts, 15 comments)
    7. "No European country benefits from Muslim immigration." Actually, Denmark's wages rose after an influx of Muslim refugees. "Ah yes, but no TRUE European country benefits." (38 pts, 86 comments)
    8. THIS JUST IN!! ECB Protester Josephine Witt has released a new statement regarding the excesses of the ECB (36 pts, 44 comments)
    9. Eastern Europeans are immigrating to the UK and are LITERALLY starting businesses! Call up the Jobs Patrol so we can start rationing NOW before the shelves go empty [go to 1:15] (36 pts, 31 comments)
    10. Today is Peter Schiff Day! Post all your dank Peter Schiff praxes to show solidarity. (35 pts, 54 comments)
  5. 894 pts, 29 submissions: u/wumbotarian
    1. PA Gov Tom Wolf thinks competition leads to higher prices. (84 pts, 78 comments)
    2. /socialism is praying that Venezuela "doesn't fuck up" centrally planning food distribution (76 pts, 132 comments)
    3. "Open borders? No, that's a Koch brothers proposal." (66 pts, 171 comments)
    4. Private Defense Agencies: AnCaps deny monopolies can exist (55 pts, 144 comments)
    5. "Inflation is the true opium of the masses." (47 pts, 37 comments)
    6. Angry neckbeards in /gaming don't understand how prices work in a a market economy. (44 pts, 160 comments)
    7. Bad monetary economics (42 pts, 106 comments)
    8. "You have to keep in mind that economics is a highly ideological field." (41 pts, 83 comments)
    9. WHO GETS THE BE NOMINATION? (34 pts, 227 comments)
    10. "Tax is price fixing which is known to break economies" so use Kickstarter to fund public goods instead! (33 pts, 110 comments)
  6. 857 pts, 33 submissions: u/HealthcareEconomist3
    1. [Meta] TrueReddit discusses /be (56 pts, 176 comments)
    2. [Low hanging fruit] /Futurology discusses basicincome (42 pts, 129 comments)
    3. "we have to accept the logic of 21st century capitalism is that it will constantly lower costs by adopting automation & a race to the bottom between the general working population & robots for less & less income is a road to nowhere." (42 pts, 122 comments)
    4. A superbly bad description of comparative advantage, complete failure to understand how currencies work, complete failure to understand a currency peg, absurd claim that China prints to buy up Treasuries and a complete misunderstand regarding how S/D works. (39 pts, 28 comments)
    5. High individual taxes encourage investment (39 pts, 59 comments)
    6. TPP quackery (37 pts, 50 comments)
    7. I bet about $3.50 this thread is going to be the worst econ thread of the year (36 pts, 149 comments)
    8. No title will do this thread appropriate justice (36 pts, 38 comments)
    9. 7 ways i made up a bunch of data about Switzerland (35 pts, 125 comments)
    10. Monetarism has special views on trade, economists oppose TPP, insanity about prices & competition etc (34 pts, 44 comments)
  7. 573 pts, 17 submissions: u/Jericho_Hill
    1. <-- # of Days Jericho_Hill replaces Wumbo as R1 Moderator (159 pts, 64 comments)
    2. Reward: Reddit Gold Task: Find the best badeconomics in the Bernie Sanders AMA live now (49 pts, 151 comments)
    3. In which HealthCare Economist is believed to be a covert agent of manipulation embedded by the intelligence community. (41 pts, 48 comments)
    4. All Economists believe in Trickle Down (39 pts, 120 comments)
    5. Physics isn't real science (38 pts, 17 comments)
    6. Technology = Return to Feudalism (30 pts, 29 comments)
    7. R1 Holiday contest comin' (29 pts, 79 comments)
    8. The BadEconomics Holiday Contest (29 pts, 1 comment)
    9. Unintended consequences (27 pts, 50 comments)
    10. In Which JH is called a retarded economist (22 pts, 44 comments)
  8. 487 pts, 24 submissions: u/lorentz65
    1. I like my labor lumpy and my employment serf-y. (38 pts, 27 comments)
    2. I'm audibly laughing and weeping while reading this thread. (33 pts, 75 comments)
    3. [Question] Why are the mods massive fascists? (31 pts, 32 comments)
    4. De immigranten! (29 pts, 68 comments)
    5. The poster child of badeverything. (26 pts, 39 comments)
    6. The internet exists therefore public goods don't real. QED. (26 pts, 58 comments)
    7. This sub-reddit should start doing more slam poetry (26 pts, 89 comments)
    8. We are not proselytizing enough praxbrothers! (25 pts, 60 comments)
    9. Causation goes from GDP=>everything bad. (25 pts, 40 comments)
    10. DAE Fed is a private bank! (21 pts, 22 comments)
  9. 441 pts, 7 submissions: u/Integralds
    1. Bernie Sanders' NYT Op-Ed on the Federal Reserve (234 pts, 445 comments)
    2. The Chart for /badeconomics (51 pts, 78 comments)
    3. Official Proposal for Two "Bad Economics Discussion Threads" per Week (proofs inside) (49 pts, 36 comments)
    4. List of Currencies by Realness [Public Service Announcement] (40 pts, 36 comments)
    5. I Just Spent Five Days Listening to Fox News (34 pts, 107 comments)
    6. Annual hours worked (17 pts, 19 comments)
    7. PSA: /dsge is now open for business (16 pts, 15 comments)
  10. 439 pts, 12 submissions: u/potato1
    1. Humanity is 10 cows. The economy is a butcher and/or a dairyman, and the dairyman only wants 7 of them. Jobs are when you avoid getting butchered and get milked instead. (58 pts, 36 comments)
    2. "[T]ariffs... are the only thing that allow workers here to continue making $10 an hour vs $.10 an hour because we tax imports from countries where they pay employees $.10 an hour" (52 pts, 41 comments)
    3. Law and Economics RI: "Every person on this subreddit should be aware of the Glass-Steagall act, because if it hadn't been repealed you'd be paying only 0.5% interest on your mortgage and student loans right now" (50 pts, 29 comments)
    4. Wealth is basically like character level in an MMORPG with player versus player combat, and like character level, wealth should have an absolute cap (46 pts, 210 comments)
    5. NAFTA was bad because it was bad for Detroit. Also, an increase in Americans' mean income is bad for the majority of Americans. (43 pts, 162 comments)
    6. "economist are like the Borg and don't care about regular people. They care about conglomerate entities like nations, corporations, etc. The smaller the conglomerate entity, the less of a shit economists give about it." (38 pts, 34 comments)
    7. "Why would greater productivity lead to higher wages and lower prices? There is little evidence to support that actually occurs in the real world." (36 pts, 62 comments)
    8. Printing more money causes deflation. Also, deflation is when prices of goods increase. Also, China caused the real estate bubble by "exporting deflation" though "flood[ing] the world with cheap products" (31 pts, 22 comments)
    9. This redditor has the solution for the Greek debt crisis, and indeed all economic problems across the globe: global jubilee (27 pts, 41 comments)
    10. Net Neutrality is communism. (25 pts, 88 comments)

Top Commenters

  1. u/besttrousers (30182 pts, 4648 comments)
  2. u/wumbotarian (25844 pts, 5992 comments)
  3. u/say_wot_again (17728 pts, 2805 comments)
  4. u/Integralds (15045 pts, 2290 comments)
  5. u/urnbabyurn (12655 pts, 2220 comments)
  6. u/commentsrus (11917 pts, 1969 comments)
  7. u/bdubs91 (6030 pts, 1629 comments)
  8. u/irondeepbicycle (5733 pts, 794 comments)
  9. u/-Rory- (5577 pts, 1115 comments)
  10. u/Jericho_Hill (5243 pts, 1195 comments)

Top Submissions

  1. FUCK THE BABY BOOMERS!!! LOUD NOISES!!! by u/say_wot_again (253 pts, 259 comments)
  2. Bernie Sanders' NYT Op-Ed on the Federal Reserve by u/Integralds (234 pts, 445 comments)
  3. User in /Politics unironically calls Integralds "Hitler" in a horrible thread about the Federal Reserve, Bitcoin, Anarcho-Marxism, and Basic Income. by u/commentsrus (202 pts, 17 comments)
  4. Is a basic income badeconomics? No, not really. But there is a lot of badeconomics in the /basicincome FAQ (Part 1) by u/besttrousers (163 pts, 136 comments)
  5. 10 Ways that TPP would hurt Working Families. Bernie Sanders AND the TPP, what's not to love?! by u/irondeepbicycle (160 pts, 115 comments)
  6. <-- # of Days Jericho_Hill replaces Wumbo as R1 Moderator by u/Jericho_Hill (159 pts, 64 comments)
  7. "Now that the text of the Trans-Pacific Partnership has finally been released, it is even worse than I thought." Sanders declares, hours after the release of a 1,000 odd page legal document. by u/Tiako (144 pts, 266 comments)
  8. Banks serve no social purpose, if banks didn't exist everyone could build their own house, the only reason you can't create your own money is because banks have banned it, banks are "cheeky cunts" for demanding repayment of loans, you are only an employee because you have to pay taxes, and more! by u/usrname42 (121 pts, 85 comments)
  9. "Economics teacher" explains why free trade is bad. Seems to have no idea what comparative advantage is. by u/telaisarcher1 (109 pts, 313 comments)
  10. "In the U.S., the gap stands at 64%, meaning that women earn about two-thirds of what men make for similar work." by u/wqqk (108 pts, 23 comments)

Top Comments

  1. 675 pts: u/say_wot_again's comment in FUCK THE BABY BOOMERS!!! LOUD NOISES!!!
  2. 146 pts: u/Tiako's comment in Bernie Sanders' NYT Op-Ed on the Federal Reserve
  3. 138 pts: u/NORTHAMERICAN_SCUM's comment in FUCK THE BABY BOOMERS!!! LOUD NOISES!!!
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[Table] IAmA: I am Steve Goldstein, DC bureau chief at MarketWatch, AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-07-29
Link to submission (Has self-text)
Questions Answers
Is there any part of our economy that you can see as a ticking bomb? I know student loans are a concern for many individuals of my 20 something generation, but is there something else we need to be worried about? Were people aware of the housing market warning signs before the 2008 collapse? Ticking bomb is strong but officials both inside and outside the Fed are concerned that low interest rates we've had for so long is causing some bubbles to be built. Student debt has grown rapidly, and is impacting the spending decisions of students after college, but so long as the economy improves, it's a good bet both for the lender and the student taking on the debt. Before 2008, were there warnings about housing? Absolutely. But even among those who thought housing was overvalued, there were very few who then saw how leveraged the entire financial system was to housing.
Do you think the current Administration deserves credit for the recovery of the stock market in the past several years? If so, what policies in particular do you think helped the recovery? My colleague Russ Britt recently ran a terrific story examining those very issues -- well worth a click. Link to www.marketwatch.com My quick 2c is that the White House did act quickly to restore the financial system and provide stimulus (flawed as it may have been) during the recession, but has done comparatively little to help ordinary homeowners.
What do you think can be done to create incentives for people to learn manufacturing trades and (hopefully) bring a lot of manufacturing back to the United States? Two great questions. I think there's a big movement more generally to improve what's an education system badly needing repair, and improved literacy and numeracy more generally would help that. I'm a little less enamored with specific tweaks here and there to give breaks to manufacturers. We want a dynamic economy and don't want to load it up with too many complicated and often conflicting incentives.
What do you think about rating companies? So on the one thing they've been doing forever -- rating the prospects that debt-issuing companies will go bankrupt -- they are actually very good. On rating asset-backed securities, obviously, not. And on government debt, also they haven't done a good job. Classic example of difficulties in moving out of the niche you understand.
How is the unrest in the world (Ukraine/Israel) going to affect the economy short term or long term? In the short term, the risks are with commodities, and energy prices in particular. But remember, everyone has an interest in selling, and buying, oil. Read a fascinating article on how even the terror group ISIS is selling oil. The Israeli economy will definitely feel the pinch of lower tourism, but that's not likely to have an impact on the global economy.
Don't you think that the market is a parasite for the economy? There are people who earn millions and billions without producing anything. Edit : typo. Interesting Q. I think there's a benefit to trading and arbitrage -- it can help lower costs for businesses to invest, by making it easier for companies to raise money. But abuses can filter out of this world and, as 2007 showed, wreck the broader economy. What's important is making sure the large banks and other institutions aren't providing too much leverage to financial markets.
Do you think that the floating NAV for money market funds benefits the end investor? So, the issue with money-market funds really is one of risk perception. People treat MMFs like banks, but they're not, and don't have a backstop, yet when there was a run, the federal government stepped in. This is what the SEC tried to address recently after four years of intense debate. Not sure they came up with the perfect answer.
The consensus every year since 2009 has been later half 'strength" gdp has been remarkably weak during the recovery. If we have another miss of latter half strength, do you expect fundamentals to meaningfully lead to a correction, or has the sea of liquidity put in a floor under markets that cannot be broken? I saw a little essay on this yesterday, and honestly, I don't agree that the second half always disappoints. Q3 2013 was 4.1% growth, Q4 was 2.6% -- that's pretty good! But then, Q3 2012 was 2.8% and Q4 was 0.1% -- not so good! The Fed's taking away liquidity -- or will be soon -- so no, I don't think markets cannot be broken. You can argue of course that the Fed rushes in as soon as markets struggle, and I would have a hard time disagreeing!
Historically, this period in fed policy mirrors almost exactly what the federal reserve did in the 1930s with the gold stock. This time, they are calling it QE. When the fed backed off of gold stock accommodation leading up to 1937, the market corrected 60 percent. What kind of reaction do you expect to see at the end of QE3? I think one good thing the Fed has done is to be extremely open about the timing and schedule of bond purchases and when they're going to end. So there will be no surprises. I don't think QE3 has had much of an impact on the economy so the lack of it shouldn't, in theory, have much of an impact either. Markets have a mind of their own, however.
What's the most unexpected thing you have ever had to cover at work? I was in London during the Great Recession and to keep coming into market implosions was just jaw-dropping some days. I remember one day at a meeting with our colleagues, discussing the possibility of what would happen if banks collapsed and how supermarkets would function. We were actually having those discussions.
Hypothetically, if the GOP takes the Senate and keeps the house, what (if any) tax legislation could be passed and signed by Obama? I think it will be difficult for any tax legislation to go through. But right now there's a lot of focus on what are called inversions -- a way for U.S. companies to pay tax overseas instead of here -- so corporate tax reform has the highest chance. The idea would be to lower rates and eliminate deductions but this is easier said than done!
Do references to Bitcoin automatically make you roll your eyes or do you have an interest in it? I don't have a financial interest in bitcoin, but I am intrigued by it, for sure. There's clearly flaws, and the whole 'mining' process seems to be nearly as bad for the environment as physical mining. But I could see a continuing role in the financial system for bitcoin or for different electronic currencies.
Is now a good time to buy a home? There seems to be a echo-bubble going on at the moment. Mortgage rates are historically very low. If you can get credit, and you're comfortable with prices in your area -- and are comfortable with idea of living in that house for quite a while -- then absolutely. But not all areas are the same -- prices in some areas, like San Francisco, are looking expensive.
Hi Steve. Thanks for doing an AMA. I'm curious about the longer term effects of QE on the market once QE ends soon and rates are set to rise. Is this something the Fed might keep in its toolbox to use in the future even once rates are above zero? I do think the Fed will keep in the toolbox, so to speak. In fact, I'm pretty sure Janet Yellen explicitly said so. I think history will judge it was a terrific tool when markets were basically frozen-- so-called QE1. QE2 and QE3 have had far less impact on the economy and possibly have been more trouble than they were worth, though that's going to be debated for some time to come.
Thanks for the reply! Great way to interact directly with your readers. Definitely. It's important not just to write but to listen.
What's your favorite visually, personal, or information packed infographic/chart that you'd like to show us? Personally I'm a fan of the largest Phylogenetic Tree I know of found here in .pdf format made by the people over at the UoT. Come join us over at /infographics sometime! This is one I did recently that has received a lot of attention -- on the happiest and unhappiest cities. Why are people in Louisiana so happy? I have no idea. Link to blogs.marketwatch.com Not just on MarketWatch, you're seeing news sites devoting much more attention to infographics, and some are quite good. I'll be sure to check out the Reddit thread.
Why is it a good thing that the Federal Reserve is controlled by private bankers? How can we be sure that they serve the interest of the general public ? Whatever the set up, the Fed is mostly under most control by the people appointed by the president and confirmed by the senate. The regional Fed presidents (who are not picked by elected officials) have a say but Janet Yellen, the current chairwoman, has a far bigger influence than they do.
Do you think the SEC will regulate dark pools and HFT as more evidence of front-running trades comes to light? Have you read "Flash Boys" or followed the work of Nanex? The SEC is definitely looking into this area. And I've read Flash Boys, and do read Nanex, as well as those with opposing opinions. Not all HFT is front running, but it's apparent some is. The SEC for good reason is treading carefully into this area, but it's clear there will be action.
Do you want to abolish the FED? Nope! I think Congress should provide healthy oversight, and honestly I'm not as freaked out by this 'auditing the Fed' idea that some are. But we had a world before central banks, and the data I've seen suggest we weren't better off for it.
What's your opinion on basic/guaranteed income? It's an interesting concept, the one the Swiss were debating. It's not totally different from the safety net we have here, and writing checks is more efficient than means testing. That said, I don't think anyone seriously thinks it will happen.
Would what be your best piece of advice for a recent college grad looking to break into the finance world? I'm probably not your best source here! What I can tell you is that the traditional investment banks aren't the only place to look -- hedge funds, venture-capital funds and private-equity funds are often at the cutting edge.
Last updated: 2014-08-03 04:16 UTC
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Bitcoin cash, an offshoot of bitcoin itself, led the cryptocurrency market lower, recording losses for the day of over 5% and taking its weekly decline to almost 30%. Trade Bitcoin, BNB, and hundreds of other cryptocurrencies in minutes. I want to spend. I want to buy. Buy BTC. Binance Adds Ukrainian hryvnia (UAH) Fiat Gateway 07-20. More. Name. Last Price. 24h Change. Markets. BNB. BNB How a Bitcoin Transaction Works . The bitcoins that you send to someone were sent to you from someone else. When they sent them to you, the address that they sent it from was registered on the bitcoin blockchain (the encrypted and unaccessible register) as the transaction input, and your address—the address they sent it to—was registered on the bitcoin network as the transaction output. Best Student Loans; Best Checking Accounts Bitcoin is going to the moon, proponents say. If you can gauge the direction and speed of the markets by looking at the charts or other platforms Student loans now rank as the second largest category of American consumer debt – bigger than credit cards, bigger than auto loans, and behind only mortgages. Generation Z (composed of those now in their college years) faces the bleak prospect of crushing student loan debt combined with the crushing burden of more than $100 trillion in

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Bitcoin Failed Breakout! Market Update and Chart Review

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