GM Wrote my morning pages 500-750 words. Just puking it all there and deleting, feels good. Give it a try!

GM

Modern debt slavery: Success consists of being able to secure evergrowing quantities of debt as you pass through the stages of life: a big college loan that allows you to get into the best paying job, whose salary will allow you a larger loan for a large house and another loan for a car. With more hard work at the company and dedication to its cause, you may succeed in getting and even larger negative balance of fiat for a bigger home and fancier car. Should you succeed even more and start your own business, you do not do it with your own accumulated capital, but rather with a bigger loan. The larger and the more successful the business, the more you are able to borrow. In sum, success in fiat means accumulating larger negative cash balances, and people live their entire lives stacking debt obligations upon themselves. The Fiat Standard - Saifedean Ammous

Finland - Housing company loans - Ticking bomb - Who gets hurt? -> The Finnish middle class is 99% in variable rates. - Continue to lose purchasing power. -> Currently middle class gets 270-300k mortgage (with 50k savings). - At the moment, ten houses are listed below 300k... (All in need of massive renovations) I still believe there won't be a major crash in prices in the short term. Why? Finns have shown themselves extremely conscientious and are unlikely to abuse the system. We love the system. Read more here:

Housing company loans - Ticking bomb - Who gets hurt?

Finnish version of subprime - All bubbles eventually burst.

Finding out-of-favor stocks BASF Analysis: An Undervalued Monster?

BASF Analysis - Undervalued monster?

We create chemistry for a sustainable future. Any long-term growth potential?

comes with one big risk...

GM