vania-janet/multiturn-rag-retrieval-data huggingface dataset:
"This is the best tl;dr I could make, [original](https://www.project-syndicate.org/commentary/german-g20-investment-framework-for-africa-by-wolfgang-schauble-2017-06) reduced by 86%. (I'm a bot) ***** &gt; The CWA offers interested African countries the opportunity to improve conditions for private investment, including in infrastructure.  &gt; The CWA&amp;#039;s structure is straightforward: African countries, together with their bilateral partners and international financial organizations with proven expertise on Africa, will jointly develop, coordinate, and implement tailor-made measures.  &gt; With the upcoming G20 Africa Partnership Conference in Berlin on June 12-13, we will provide a platform for these African countries to reach out to investors in order to enhance the continent&amp;#039;s engagement with the private sector.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6fxdgr/wolfgang_shauble_africa_has_an_enormous_economic/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~139006 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **country**^#1 **African**^#2 **CWA**^#3 **Africa**^#4 **G20**^#5"
They'll do what the U.S. did -- dump a lot of freshly made numbers into the banking system and watch the banker/speculators have fun while their economies continue to die, then wring hands, shrung shoulders and take more money from banker/speculators for their re-election campaigns.
To be fair, JPM was forced to take government money during there bailout even though they didn't need or want it. It was forced to take the money in order to hide which banks were really under water. I believe JPM was also one of the first banks to repay the bailout loan because they genuinely didn't want it
So the Japanese are better at the circle jerk.  An amusing note, if you pay attention to this stuff at all, you will notice that Japan can't actually just print the money.  The process you refer to is considered inflating the debt away.  When Japan prints money now, their currency gains value.  So they are actually pretty fucked.  http://www.zerohedge.com/news/2012-10-30/when-¥11-trillion-not-enough-japans-qe-9-disappoints-halflife-zero-time-qe10  edit:spelling/grammar sorry
Let me get this straight, if I'm smart and save money to last times between jobs using my own money, I shouldn't take the unemployment given to me?  If I'm reckless and save nothing on my own, I should be bailed out though.  No-, That's ridiculous.  Of course I'll take the unemployment, it's given whether I have 0 dollars or 1,000,000 dollars.
Agreed. It's the perfect intersection of criminal bankers who like bail out money, liberals who like to print money to even out income inequalities and phony conservatives who believe in crony capitalism. The triumvirate that brought you Detroit soon to come to a town near you.
Lots of pride in your statement... but he wrote a check that kept them afloat.  We (taxpayers) also wrote a check, but by the time that was signed by Congress, GS would already have died. Buffett's (intentional, amazing) liquidity reserves saved them first.  By analogy, Buffett threw the life preserver; the taxpayers scooped them out of the sea after the worst of the storm passed.
That is the rational behind not saving Lehman and the rational behind not saving anyone in the 20s resulting in the Great Depression. You are right in what you say, but there is a bigger picture. Letting banks go under is a great risk to financial stability. A better alternative would be to bail them out and overtake the ownership. But that too has implications.
Oh, thank god. They can just print their way out! That will solve all their economic problems!   Oh wait. That would just cause basic food and energy costs to skyrocket while destroying savings even more. Sure, maybe exporters would get a boon, but Japan kind of has to import a lot too. All printing money would do is make 5% of the people richer while making 95% of them poorer.
It would make their garbage look better as compared to other sovereigns, they will re-bundle the toxic assets it into some crap alphabets and try to make them look as good as Treasuries and sell them. Hence the synchronous downgrades of China, Hongkong, Britain
"The Ponzi/Madoff schemes were closed loops, so the only source of the so-called ""interest"" on the money was the contributions of future investors. The economy is more like a living thing, and the availability of capital allows people to develop new ways to do things in a more productive way. Agriculture is a great example -- for most of human history the overwhelming majority of human labor was dedicated to producing food. Now that proportion is dramatically smaller -- the descendants of farmers 100 years ago are doctors and computer programmers... professions that could not exist. Fractional reserve banking makes the economy more efficient by putting capital that would otherwise be hoarded in circulation. Money is a medium of exchange, so the more it turns over, the better it is. Genoa and Britain pioneered this concept centuries ago, and were able to defeat larger rivals in large part because of the economic advantages that the practice brought to bear.  That's not to say that banking doesn't come with its warts as well. I'd suggest reading ""A Free Nation Deep in Debt"", which does a good job of explaining how we got to where we are today."
More children is more opportunity for more safety net money and more of your genes out there in the future at the cost of everyone practicing responsible reproduction.  Everyone has a choice.  It's not a habit either, it's a deliberate choice to take the most advantage from aid money possible.
"If the government prints money recklessly and causes inflation, people will come to expect inflation, and the value of the currency will plummet, and you'll end up like Zimbabwe where a trillion dollars won't buy a loaf of bread.  If the government actually pays people for the money they borrow, they don't have this problem - and as it turns out, the US government can get pretty good rates on borrowing in general, in part because they're extraordinarily good about paying them back. (Also, inflation expectations are low, so people will accept 1-2% interest rates. If you expected inflation of 10%, you'd see people demanding something more like 12% interest rates.) (The downside of too much of this sort of borrowing is that it ""crowds out"" other borrowing, which may harm the economy. Who would lend money to / invest in a small business, if the government is paying good money and there's almost no risk at all?) Now, inflation can come into play afterward, if the Fed decides it needs to maintain ""easy money"" policies to stimulate the economy (because taxes are too high because we're paying off the debt, or because we've crowded out smaller borrowers, or something). -- In general, you can count on the the principle that if you, as the government, try to play too many games with people's money... well, people aren't stupid; they will eventually catch on, and adjust their behavior to compensate, and then you're right back where you started, but with less trust."
Any bank that lends Cristina Fernández de Kirchner or any Argentinian government any money would be further ahead to just use that money as kindling to roast marshmallows over. At least they'd get some heat and light and toasted marshmallows for their trouble. Argentina has defaulted or forced major haircuts on bondholders eight times since the 1830s.
Are you talking about TARP because that was paid back early and at 6.2% interest, the gov't made money on that bailout. The auto bailout however lost the gov't billions at the taxpayers expense and the bondholders got screwed over and the unions made out like bandits. Your title just shows how bias and  uneducated you are on the subject.
considering people like him just wrecked the economy pulling bullshit tactics like this and got bailed out with taxpayer money all over the world, yes he did get it from my grandmother.  besides if it doesn't affect you, does it make it right?  where will the line get drawn?
What he is saying is, you borrow lots of money and put it into my business and my business will go up in value and therefore between us we are richer.  What he doesn't say is, if his business profits are going to pay off the debt you have accrued. We all know the answer to this but his supporters are so blind in their loyalty that they will miss it. Also known as corporate welfare.
Ah . .silly poppets  You don't seem to understand that all that money you gave to the banks actually gave you a profit and now you are actually rich, and all the while you contribute in Taxes and banking fees and ATM surcharges and at the gas pump and the grocery store . . .its all making you richer  Its the thought that count . .  Yay!!! for stimulus and the economic recovery   Hooray for QE1 &amp; QE2 &amp; QE3 and wait for it  QE4 . . .you know its coming because they just raised the debt ceiling and they don't have a fucking clue  Wheee what fun!!!  But you know what would be really wild . .?  An info graphic of how much debt they have . . .yah? wooohoooooo!!!
Also to add to my other point you don't give more money to someone who can't use the money they already have wisely. For example a friend borrows your money to pay his rent and he blows it all on alcohol and cigarettes and when he asks you for more you don't give more to him you direct him to a place where he can solve his problems. The same needs to happen with the US, the money they recieve now is more then enough to run the country.
Literal armageddon. Phasing it out will be hard enough but if you flipped a switch everything would probably go to zero. Even sub $30 a barrel for a year would create a tidal wave of worthless debt that would result in god knows what.
Government default doesn't mean that all US money is immediately worthless.  First, the bondholders will get stiffed.  Following that, interest rates will shoot up (because the US is a bad credit risk at this point) and the government will monetize its ongoing expenses -- i.e., fire up the printing presses. If you're concerned about not having access to your money, start pulling out a little extra when you get cash at an ATM.  Build it up over time until you have enough currency to weather through whatever emergency you envision with your bank account.
&gt; there is no way they will let it collapse   Do you think they would have let it get to the point of imminent collapse, if they could do anything about it?  Why do you think they will have any more power over the next stage in this debacle?
"&gt;dollar will continue to be the world reserve currency   There are a number of triggering events tat could change this rapidly.  One is Japan.  They desperately need money, and one day they'll *have* to dump a large share of their tbills.  Bernanke only manages the money supply looking at the US.  Meanwhile, look at what the world is saying:  Chinese students laugh at Geithner in his face, Putin calls Bernanke a hooligan, trades start to bypass the usd, and so on and so forth.  Anyone can put on a happy face that this has not happened.  But the argument boils down to ""Since that I have not died, I will never die""-form."
I'm confused... Berkshire is entirely independent from AIG. Are you saying that Berkshire would have gone bankrupt had AIG gone under? That doesn't make any sense... AIG and Berkshire were performing the same function during the financial crisis - they were market makers for CDS/CDO's. AIG needed the money. Berkshire didn't.  Please explain.
So ... how are you going to have a bank run if you got rid of cash? I suspect big investors will attempt (have already attempted?) to pull their cash, but regular people? Not like running to the ATM will do much good and I don't think they have offshore accounts.  Excuse my naïveté, but that's the first thing that came to my mind...
The world economies will go to shit. South Korea is part of an electronics manufacturing ecosystem. They make advanced parts for many types of electronics. I would bet you 100 dollars that you have some sort of electronic device in your home that has a samsung manufactured microchip or lcd/oled screen on it.
I dunno, the problem with a great depression taking place today is that we're all interconnected...   Despite the massive debt burdens &amp; imf knocking on doors, things are not as tough as they could be. Most of us will not starve to death and have a roof over our heads.We'll be looked after when sick and can afford basics which were once considered luxuries i.e. TV, internet, microwave etc...  Yet that's the kind of picture you paint when you mention the great depression - walking around barefoot, worrying about where the next meal will come from... it's scaremongering at best and it allows the people with cash to demand higher interest / payback, so it's in their best interests to keep hyping the shit out of doom &amp; gloom news.  It's all getting a bit see-through imo and people are beginning to question whether 'the markets' and 'bondholders' are real people or whether they're some make-believe, unquestionable god.
"This post may be old anyhow here's my 2 cents. Real world...no. Compounding is overstated. I have 3 mutual funds, basically index funds, you can go look them up. vwinx, spmix, spfix in 11 years i've made a little over 12,000 on 50,000 invested.  That averages 5%. That's $1,200 a year about. Not exactly getting rich on the compounding ""myth?"". You do the math. I would guess because overly optimistic compounding  gains are based on a straight line gains. Real world...that aint gonna happen."
Yeah I get that. But there are literally people who make a very good living by simply shorting small/micro caps that pop for no particular reason. Imagine if you shorted DCTH after it went from .05 to .31 Now it sits at .16 and will likely fall to .10 and under. Those are where the money making opportunities are now. Hit a home run on the way up and double your gains on the way back down.
Yeah, there's no story of some kid from Canada uploading a video to YouTube for free and becoming an instant millionaire success. Oh, [wait](http://en.wikipedia.org/wiki/Justin_Bieber).  All that aside, you do have a somewhat valid point. Most new artists aren't going to make $1 million in a week releasing their standup. But the old model still needs to change and the greed in the entertainment industry needs to be quashed. They used to provide a good/ok service, but they've failed to innovate.
I assert not so. Even if we assume a zero sum game (which is highly in doubt); the general stock market curves indicate the average player is so bad that you don't have to be very good to have better that 50/50 averages. One example: UP stock nosedived right after some political mess in Russia two years ago. Buy! Profit: half my money in a month. I knew that nosedive was senseless as UP doesn't have to care much about what goes on in Russia. Rising oil price was a reasonable prediction; however this is good for railroads, and most short-term market trends behave as if it is bad.
And even if you determine enough about cars to find one for $14k that you can reasonably sell for $15k, there's a whole world of mechanics out there who buy and sell cars for a living, and they have an edge both because they can repair the cars themselves to sell for more, and also because they have experience to spot low-offers faster than you. And if you pick a clunker (or a stock that doesn't perform even when everyone expected it would), then you could lose some serious money. As with buying and selling individual stocks, there is money to be made from car trading, but that money gets made by people who really know what they're doing. People who go in without full information are the ones who lose money in the long run."
I have watched the ticker when I have made a transaction. About ¼ of the time my buy (or sell) actually moves the going price. But that price movement is wiped out by other transactions within two (or so) munites.  Is your uncle correct? Yes. Will anyone notice? No.
I think you missed what I was actually trying to say. The days of the college dropout becoming a mega millionaire due to the sheer luck of being involved in the computer age in the 90's is gone.  I didn't say people still couldn't make good money.
Good to hear you didn't lose everything and learned something.  I made similar mistakes during the dot com boom, when I first started *playing* around with my 401K and decided to get on the high tech bandwagon that everyone except Warren Buffet was recommending.  I should have listened to him!  Now, I stay off the make money fast train, and stick to index funds.  I don't really like spending time buying stocks that somehow suddenly go broke right after I buy. :)
"This is but one opinion.  Seek others before your act. ""When someone puts a million dollars in your hand, close your hand."" A 50% gain in two weeks is huge."
yea pure speculation for now. ICO price of (icnonomi coin) ICN at .14 cents a share, 8 months later it hits $1.50 then $5.18 per share. smh it's wild.  $5,000 @ .14cents =&gt; 35,000 shares  $185,000 profit off of $5,000 in 8ish months, just insane.  worth the risk for a quick flip? maybe hence all the wild speculators and dumb money coming to the market after hearing about over night millionaires. Also attracts the sharks and smart traders, the mob gets scared really easy in these exchanges.
It becomes a different game when you allow penny and ultra cheap stocks.  People make much less plays, because the price of the stock doesn't change hardly ever, and when it does change you can end up with people making 10x money over night, and when that happens they sell everything and just camp on their cash till the deadline runs out.  Penny/cheap stocks are fun, but only when you start with very little money, like $5,000, and everyone plays for them.  They are a game breaker when you play the legit market.  The &gt;$2 rule is a default option when you setup a game, it isn't something random I made up.
There's a story about a guy who became a billionaire starting from nothing.  As a kid, he would use his allowance to buy vegetables at the farm and sell for a big markup in the city.  By 21, this little business of his was doing very well and he was saving more and more money every day.    Then... he finally married a billionaire widow.  And that's how he became a billionaire.    Rich Dad, Poor Dad is sort of like the joke above.  It gives you the inspiration and common sense advice (save, don't waste money, etc, etc.)  But it misses key points, and the book is full of false information he portrays as real life examples.    Nothing wrong with the book *as entertainment*.  But actually *doing something useful* to pursue your goals is 100x better use of time.  It's not even close.  There is no magic advice in any book that will teach you to be comfortably rich, and this book is no different.
sorry, kids - it's all true.  But then again, different people need different amounts of money to be happy. I know people who are happy on $30k/year, but that would barely pay my rent and bills.  Living within your means is the key. If you find yourself always broke or behind in your bills then you should probably look for ways to make more money.
I mean, I've made perhaps 2000% on them simply buying low (whenever I remembered bitcoin existed and saw that it was only a few hundred USD) and then selling when the news reminded me again that it existed and was hitting 1k. Which is where I dropped ship this last time too, unfortunately. Also, unfortunately I never bought more than a few coins and didn't go into Ethereum at the beginning of the year, thinking it was dead. Still enough to pay for some vacationing.  Basically everyone I know has had the same experience with them - so 295% seems really low.
I didn't know what I was doing. The cryptocurrency NEO was being hyped up on a message board so I just impuslively threw 1k into it. I got luck. Now I have 15k in OMG coin. Apparently we are going to see 10x gains. At the end of the day investing isn't relaible enough to replace a solid income so unless I make 7 figures, so I'm not going to be leaving my parent's basement anytime soon.  But I guess you're right about 24 year olds not buying houses these days. I just felt really insecure because this girl made 10 times as much as me. I'm a cockroach compared to her.
"Wealth gained hastily will dwindle  but whoever gathers little by little will increase it. Proverbs 13:11 (ESV) Put another way...  ""Easy come, easy go"" You cannot sustain 100% annual ROI. Sooner than you think you will hit a losing streak. Casinos depend on this truth. You may win a few rolls of the dice. But betting your winnings will eventually cause you to lose all."
True, but the number of investors who are successful with this strategy is negligible. You are basically just trading return for volatility. A well built portfolio will be better than trying to time the market, at least historically.
Look, the richest guy I know personally is the first college grad in his family, and he is the first generation of natural-born citizens in his family. He worked (and lucked) his way from almost nothing to rich as fuck, but the fact that I happen to know him personally doesn't nullify his status as a statistical outlier.
I think the average pay rate is about $10 an hour through them so yeah I haven't heard of that. Remember this is daily Kos though so it may be slanted in a certain direction.   I can definitely see them not trying to pay overtime though.
Don't throw good money after bad. If you bought on the peak of an event like news/earnings hoping for more and ignored its value than you might be doomed. Determine the stocks value and see it as a buying opportunity if it's still sweet. If not buy more carefully.  Those kinds of moves in that range you must have been involved in micro-small caps like biotechs. Thats where money goes to talk to itself and chew on its arm. You win big by finding an alien chip under your skin to reverse engineer or  far more likely just wind up eating yourself. If your not holding inside info or at the higher levels of a pyramid for a pump/dump you really shouldn't let your greed take you there. I can expect and stomach w/o worry being wrong at my buy time as much as 10-15% and live with it for a year or more because I see I'm buying a quarter for a dime and will continue to buy into it without staking everything though).  I bought in heavy when netflix (prior to split) was $50 or so hoping for a quick bounce and it sunk to like 20 something. No I didn't buy more, I felt like I just got my own .com bubble experience. I stopped looking at it,helpless to do anything other than eat a huge loss I adopted an out of sight out of mind thinking. I no longer wished to be in it, I felt like an ass for getting myself into it, it did NOT look good at the time and I risked a huge amount of capital for what I felt wrongly was a nice quick trade to make some thousands off. Checked it one day, must have wanted to hurt myself, and it was near $300 a share. My extreme loss had turned into something wonderful. A big tax bomb. Netflix eventually split and rose even more meteorically. I held on and only exited a while back and my worst mistake became my best success. Yet still, you trade like that, on unsound things, don't rely on getting the winning ticket because they are few and all others are losers. If your in for a penny you need to be in for the pound and help yourself immensely by sticking to sound stocks and currencies. You trade on news you may find yourself in Zimbabwe dollars with Enron stock. Bad footing, no matter the news or excitement is bad footing.
It's not quite that simple... they screwed over Morgan Stanley (?) on the IPO by cooking the books and falsifying their earnings estimates.  So they did lie, cheat, and mislead a lot of people.  But still, you're right.