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Paul Krugman
@paulkrugman 5 years, 8 months ago 523 views

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I write about debt; couldn't resist the Strangelove reference 1/

Now, many people will surely start waving around frightening-looking projections, like those of the CBO 2/ https://t.co/J2XjDKa90L

But while I respect CBO's integrity, those long-run debt projections are much more questionable than people probably realize. Realistic projections, I (and many sensible economists) argue, are much less alarming 3/

CBO projects a big rise in spending as % of GDP, and if you don't look under the hood you might well assume that this is driven by fundamentals, especially the aging population 4/

Actually, though, the biggest component is a huge assumed rise in interest costs 5/

And it's not mainly bc of rising debt: CBO projects debt/GDP doubling, but interest/GDP rising by a factor of 5. Why? 6/

Well, it's all about interest rates, which CBO assumes will rise back to mid-2000s levels. Obviously this could be true — predictions are hard, especially about the future. But not clear why we should believe this 7/

Without the assumed rise in rates, projected deficits would be much lower, debt considerably lower, and real interest payments much lower than CBO projects. The long-run budget outlook wouldn't look especially scary 8/

As I see it, at this point alarming long-run projections involve an element of unintentional bait-and-switch. They look as if they're being driven by the unsustainability of entitlement programs, but they're actually reflecting dubious assumptions about interest rates 9/

Oh, and since someone will surely bring it up, none of this has anything to do with MMT; it's pure mainstream analysis, but reflecting the reality of low interest rates 10/

More from Life

Rick Rubin
@RickRubin

https://t.co/Uejb3Ng30u

$ArmaniTalks \U0001f399\U0001f525$

ArmaniTalks 🎙🔥...
@ArmaniTalks

Manipulation Sign:

If you are compromising too much, there is a chance that you are getting manipulated.

Why are you the one that's always compromising?

How come the other person always gets their way?

Be more curious.

If something seems off, stick up for yourself.

'Wait, you sure I am being manipulated?'

I have no clue, that is only something that you can decide for yourself.

'Dang is there anything I need to look out for?'

Plenty..

But let me give you a few things to look out for.

👇

I see manipulation as skillfully controlling someone's behavior for egotistical or unethical purposes.

'How come people don't leave when it's happening to them?'

Because most people have 0 clue that they are being manipulated.

1. Guilt Trip

You ever made a mistake around someone, only for them to hold it over your head?

The will always bring up the mistake when you 2 are not seeing eye to eye.

These people will use that mistake as leverage to get what they want from you in the future.

Look out.

2. The Rationalizer

This person will commit the worst acts & find a way to rationalize it.

Example: cheaters when they get caught.

They have every excuse in the book for why they did it.

Heck, they are so good at rationalizing, they will make it seem like your fault.

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Simon Wilson
@simonwilson2304

I'm married to an Australian. I returned to Australia from the UK in October.

This is my experience of what happened to me when I arrived in the country during COVID.

I think it will help people understand how criminally bad our government's response has been. (a thread).

On arrival, passengers were escorted from the plane by armed police.

We were allocated a government-mandated hotel, and told to wait in a holding area.

Once processed we were led to a coach. Members of the Australian army lined the route to make sure no one tried to escape.

Once at the hotel we were taken off the coach one by one

An Australian police officer escorted me to my room, telling me in no uncertain terms that if I left it in any unauthorised circumstances for the next two weeks, I would be spending up to two years in an Australian prison.

During the next two weeks I was fed three times a day in polystyrene and with plastic cutlery. Below are some examples of the food. It was fine, but there was no control or choice.

After about eight days I was tested for COVID.

This was mandatory, and the first time I’d seen another human since the quarantine started.

Even though I was negative, I was told I could leave only once my 14 days of isolation were over.

GREG ISENBERG
@gregisenberg

Life gets better when:

You understand that grades never mattered but how you grade yourself does

You learn from disagreements, you don't get upset

You keep your private life private

You often have your phone in DND mode

Colin Mills
@OxSoc

I want to tell you a story. It illustrates the low level, but unpleasant hassle faced by academics holding views deemed unacceptable by self-appointed defenders of public safety. I'm not going to name names. I'm not interested in facilitating a pile on. The abused is>>

robust and capable of looking after themself. I was sent a screenshot of the abuser's protected twitter narration of the incident. I've also seen it tweeted on here. I've no idea how it was leaked. I've not seen its authenticity challenged. >>

So to the tale. Dr X organizes a seminar with a symposium panel under the auspices of a Faculty in a large well known UK university. Dr Y who is a member of the university with a legitimate interest in the subject matter of the panel registers to >

attend. Y is known to hold what for sake of succinctness I'll call Gender Critical views. X notices shortly before the seminar is to begin that Y will be in attendance and goes into meltdown. Y is deemed an "anti-trans campaigner" which in the commonly accepted >>

rather than Pickwickian sense of these words is false. X contemplates a last minute cancellation of the event. Hurried discussions are held with senior faculty and eventually with the VC who insists the event must take place and Y must be allowed to attend. The event takes place>

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Alex Oluwatobi
@alexlobaloba

According to psychologists, there are four types of intelligence:

- Intelligence Quotient (IQ)
- Emotional Quotient (EQ)
- Social Quotient (SQ)
- Adversity Quotient (AQ)

1. IQ is the measure of one's ability to comprehend, solve maths; memorize things & recall subject matters.

2. EQ is the measure of your ability to maintain peace with others; keep to time; be responsible; be honest; respect boundaries; be humble, genuine, and considerate.

3. SQ is the measure of one's ability to build a network of friends & maintain it over a long period of time.

4. AQ is the measure of your ability to go through a rough patch in life and come out without losing your mind. It is a new paradigm and can be used to determine who will give up in face of troubles and may abandon their families.

Now to the very interesting & analytical part👇

People that have higher EQ & SQ tend to go further in life than those with high IQ but low EQ &SQ.

Most schools capitalize on improving IQ level while EQ & SQ are played down.

A man of high IQ can end up being employed by a man of high EQ & SQ even though he has an average IQ.

Your EQ represents your character; your SQ represents your charisma. Give in to habits that will improve these three Qs but more especially your EQ and SQ.

EQ and SQ make one manage better than the other.

Try not only to have a higher IQ but also to have higher EQ and SQ.

$\u2728Anshika Sharma$

✨Anshika Sharma
@Anshi_________

Low-risk, High-return stocks are what we look for relentlessly

But many of them we know but ignore
some of them don't grab financial headlines

Here are 10 low-risk, high return stocks (that we ignore):

What I mean by “high-return”?

These stocks have OUTPERFORMED the market:

💹Chart with upwards trend Since IPO
💹Chart with upwards trend Over the last 5 Years or since IPO

These are all long-term winners that will keep on winning

What do We Mean by “low-risk”?

A combination of:

❣️Great management
❣️Broad moat
❣️Financially strong
❣️High ROCE
❣️Low Disruption/Dilution/Volatility
❣️Consistent Organic Growth
❣️Assorted Customers/Suppliers
❣️Low debt

1-#CDSL

A depository is a big business and will grow continuously, Its a sustainable business
cause "Market hai toh CDSL bhi hai or rahega"

2- #Dixon

High Management Efficiency with a high ROE of 19.30%
Healthy long-term growth as Net Sales has grown by an annual rate of more than 30%
High Institutional Holdings

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$\u2745\u1710\u170b\u1713\u170e$

❅ᜐᜋᜓᜎ...
@uglyluhan

First thread of the year because I have time during MCO. As requested, a thread on the gods and spirits of Malay folk religion. Some are indigenous, some are of Indian origin, some have Islamic

i wonder if you can make a thread bout witchcraft in malaysia.. or list of our own local gods/deites..
— r a y a \U0001f319 (@lcvelylilith) February 20, 2020

Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits

Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their

Animist ceremonies of a religious or magical nature were normally held for the purpose of divination or making a request. This would either be done at a keramat or at a shrine similar to the Thai spirit houses or Chinese roadside shrines pic.twitter.com/I1hliyi0x3
— \u2745\u1710\u170b\u1713\u170e (@uglyluhan) June 16, 2019

Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time

Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods

Anshul Pandey
@Anshulspiritual

Rig Ved 1.36.7

To do a Namaskaar or bow before someone means that you are humble or without pride and ego. This means that we politely bow before you since you are better than me. Pranipaat(प्राणीपात) also means the same that we respect you without any vanity.

1/9

Surrendering False pride is Namaskaar. Even in devotion or bhakti we say the same thing. We want to convey to Ishwar that we have nothing to offer but we leave all our pride and offer you ourselves without any pride in our body. You destroy all our evil karma.

2/9

We bow before you so that you assimilate us and make us that capable. Destruction of our evils and surrender is Namaskaar. Therefore we pray same thing before and after any big rituals.

3/9

तं घे॑मि॒त्था न॑म॒स्विन॒ उप॑ स्व॒राज॑मासते ।
होत्रा॑भिर॒ग्निं मनु॑षः॒ समिं॑धते तिति॒र्वांसो॒ अति॒ स्रिधः॑॥

Translation :

नमस्विनः - To bow.

स्वराजम् - Self illuminating.

तम् - His.

घ ईम् - Yours.

इत्था - This way.

उप - Upaasana.

आसते - To do.

स्त्रिधः - For enemies.

4/9

अति तितिर्वांसः - To defeat fast.

मनुषः - Yajman.

होत्राभिः - In seven numbers.

अग्निम् - Agnidev.

समिन्धते - Illuminated on all sides.

Explanation : Yajmans bow(do Namaskaar) before self illuminating Agnidev by making the offerings of Havi.

5/9

Anu Satheesh
@AnuSatheesh5

Importance of Famous Payyannur Pavithra Mothiram or Ring

Payyanur Sri Subramanya Swami Temple 🚩
Kerala

Temple, constructed by Parasurama is known as the 'Pazhani' of Kerala.The place got its name from 'Payyante Ooru' where Payyan is another name by which Subramanya was called.

There are references about this temple in Brahmanda purana. Muni Garga mentions this temple and the place to the Pandavas when they were in Vanavasa. Temple was destroyed two times, once due to fire and then during the attack of Tipu Sultan.

Important tradition here is wearing of Pavithram by the temple priest. Pavithram is a sort of ring worn during performing Vedic rituals or during the "pithrubali". Usually worn while performing Tarpana or Shradham. The traditional Pavitram is usually made of Dharbha grass