aerdil posted:

tech/start-up industry is gonna crash and burn next

it's gonna be really fucking cool when pasty frail San Fran startup brats suddenly have to share an underpass with the people they were spitting on two weeks earlier

karphead posted:

shriekingviolet posted:

getfiscal posted:

the prime minister then went to the governor general and asked her to suspend parliament to explicitly avoid losing power, which she surprisingly agreed to.

I remember being so mad. That was when the fraudulence of bourgeois democracy really clicked for me, until then it had just been a distant and abstract truism.

tpaine posted:

swampman posted:

getfiscal posted:

how do student debt interest rates work in the USA. i have a quebec student loan with a bank but the interest rate is literally like 3% lol.

I took out a loan for $5000 and have been making the minimum monthly payments of like $60 for eight years. I just asked about the remaining balance and it's at $3300. So in answer to your question, very carefully

my loans were like 140 a month and more than half was interest

The system works

getfiscal posted:

The Federal Reserve is actually surprised at how """well""" the economy is doing because they actually anticipate some inflationary pressures and are expected to start (slowly) ratcheting up interest rates. But now the Republicans are expected to cut taxes a fair bit, which might imply higher interest rates down the road. Trump also hates cheap money and the Fed so he might not mind that and might actually push it forward. I think he is also expected to basically nuke some of the limited protections on consumer debt. Anyway an unexpected increase in the interest rate which is quickly passed on to consumer+mortgage debt, driving up monthly payments at the same time that health insurance and other bills are rapidly increasing should probably work out fine, perhaps with consumer financial literacy pamphlets.

*puts on bank hat*

ACTually, the interest rate hike has been expected for a long time and so rather than being unexpected, by the time it happens it will already have been priced in and there will be no sudden shocks to the economy. It will be a smooth braking effect on a stimulated economy, which will also be boosted by the job creation of the new Trump administration and the raising of some trade barriers which will also spur domestic growth. You could say that in fact there is no better time to be American -- we are entering a new era of greatness! Economics.

roseweird posted:

sure why not?

my main concern seems to be that everything in america seems relatively functional and then all of a sudden you find out there is some extra fee or gap or something and they are like oh you forgot that you have to pay your foreign student health levy which is $7,000 this year or something like that and then i end up taking on a lot of debt for learning about economics. on the other hand i could live in chicago or whatever and hang out with baby finland all day.

babyhueypnewton posted:

Do you really think debt is going to survive the next depression, world war, and glorious communist Chinese century? The only question is whether you think this will happen in 1-2 years or 8-10 years and adjust your schedule accordingly.

alright well if you think having bad credit or large amounts of consumer debt won't hurt your life over the next ten years then you probably don't have a lot of experience with such things.

drwhat posted:

ACTually, the interest rate hike has been expected for a long time and so rather than being unexpected, by the time it happens it will already have been priced in and there will be no sudden shocks to the economy. It will be a smooth braking effect on a stimulated economy, which will also be boosted by the job creation of the new Trump administration and the raising of some trade barriers which will also spur domestic growth. You could say that in fact there is no better time to be American -- we are entering a new era of greatness! Economics.

traders suspect a republican win across the board will increase the rate of decline for the bargaining power of the democratic-party-linked, college-educated labor aristocracy from fast to real fast as they usually do, because that's correct, and probably also a lot of them see trump as a mascot of their society of mutual admiration and figure he will work things to their benefit the same way they felt that about mitt romney whether or not that's correct. the institutional heft in their sector may have been behind clinton as a known quality/quantity of imperialist stability but you can't change the psychology of traders with d&d posts any more than you can do that to workers.

roseweird posted:

yeah there is an expensive insurance fee for international students, looks like $2k-ish at some schools i looked at. dunno if you can shop for a cheaper plan or what, $2k is a lot

Usually they waive it / include it in the funding package, or I'd try to get a scholarship they give to Canadians who study in the USA.... I mean more that Americans always have stories they tell me where they are like yeah I broke my hand slipping on the ice and now I owe $5,000.