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Comment Re: MAGA! (Score 3, Interesting) 321

I concur. The unemployment rate is about 4% and even the more padded U6 unemployment rate is below 5%
Those are normal.
Under condition when unemployment rates are normal the primary job of the federal reserve is to bring down inflation. It's not simply a good idea. It's their mandate

The fact that there are more jobseekers than jobs is also close to normal. There's always a mismatch between jobs and jobseekers.

It may well be that those jobs are demotions or involve moving etc..

So the Fed has done everthing correctly.

But now they are on toes because we have the immigrant labor leaving and hightarrufs.

While those might increase the number of jobs available it might not fund takers. And both will cause supply side inflation. Simultaneously extending the tax cuts and the debt ceiling means the high rate of pumping debt into the economy will continue.

So the Fed is in an uncharted territory . It could mean high inflation is coming. Most likely. But it could mean a recession. You love the rate in opposite directions there! Most likely is both: stagflation. Which is awful. We did the stagflation experiment in the early 70s and tried both spending into it and later raising interest rates sky high. Only the latter worked.

Fed is exactly doing the right Thing by being watchful

Comment Re:Congratulations (Score 1) 6

and the boys were already ten and eleven years old when I entered their life

I hope you got a good relationship with them! My son can't even talk yet. So, right now, he's just this cute thing that runs around and causes trou^H^H^H^Hgood things to happen.

 

Comment Re:I can't even imagine kids after 50 (Score 1) 6

Well, some of that is for classes for people who can't see that default 3-pixel wide scrollbar on Windows 11 in high contrast dark mode. :-)

Fair. Just making fun of Windows 11.

Yeah, you're blessed to have one of each. Until they start conspiring against you, which you KNOW is going to happen.
ha!

Hopefully we'll raise them better than that. And let them see us honoring our parents.

Comment Re:I can't even imagine kids after 50 (Score 1) 6

You charge to "upgrade" to Windows 11? How evil are you? :P

For all my pro-life ramblings, we were granted only one child.

Precious. I feel bad you couldn't have more though. G-d has been very generous to us.

Keeping up with two toddlers after age 50 can't be easy.

And yet i wouldn't trade it for anything! Thank G-d, we have a lot of help. Especially, when some neighboring girls come by to take our son for a walk. G-d bless them all.

User Journal

Journal Journal: Verbiage: Kids are heavy 6

So, my son is around 20 pounds now. At my age, that's heavy. My left shoulder became sore from holding all the time he wanted to be held. So sore, i slept on my right side the last few nights just so it wouldn't hurt. But not only that, my daughter just had her one-month checkup and is at 7lb 9oz. She's also getting heavy. Sometimes, i want to hold her all day, but after a few minutes, i have to give up. She lying on my right shoulder as i type this right now. :)

Comment Re: Kiss Monetary policy and the USA goodbye (Score 2) 52

I understand your knee jerk intuition about crypto currency. But very earnestly I suggest learning a bit about monetary policy. It's indispensable. And after that you may want to read about bretton woods and how banks in different countries actually can trade money to each other. The US treasury and its impact on monetary policy enables this. It's not just a methodology in the sense that bitcoin is a method for moving money. Monetary policy is how countries can perform the miracle of Keynesian economics to regenerate Growth in a downturn. That cannot ever be done ever without fiat currency and a central bank. Period. This was. Why for example Germany plunged in to pre-hitler ruin after world war 1. There was no way to climb out of turned down economy when you had no gold reserves (France took them). Germany only managed to recover when they pegged their mark to a kilo of wheat-- not a long term solution but a desperate move that mostly worked. But the economic malaise didn't end till Hitler started spending money into the economy. That was made possible by moving off the gold standard prior to Hitler.

Without monetary policy you are left with the austerity of Austrian economics which pretty much inverts the rational of monetary policy and loses all it's advantages.

Comment Re:BS (Score 5, Insightful) 149

Because I've tried using LLMs to generate code and I've seen the results. They are not usable. They *resemble* valid code, but they typically throw exceptions and raise errors, they can't pass unit tests, and they don't correctly handle edge cases. AI-generated code is a mess that *superficially looks right* but isn't fit to purpose.

There is a meme going around about the fact that you can tackle a normal coding task by spending 3 hours to write code and 1 hour to debug and test it, or you can use CoPilot to spend 15 minutes to write the code and 8 hours to debug and test it. That matches my experience.

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