Berkeley CSUA MOTD:Entry 51472
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2008/10/10-15 [Finance/Banking, Finance/Investment] UID:51472 Activity:nil
10/10   http://www.nytimes.com/2008/10/10/opinion/10mulligan.html
        The Economy is just fine, really.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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2013/7/31-9/16 [Reference/RealEstate, Finance/Investment] UID:54720 Activity:nil
7[31    Suppose you have a few hundred thousand dollars in the bank earning
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        \_ I have a very similar problem, in that I have a bunch of cash
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2013/5/13-7/3 [Finance/Banking] UID:54676 Activity:nil
5/13    Does FDIC ever matter? How likely is it that your deposit of
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        \_ Was Washington Mutual a major US bank?
        \_ Hahahahahahahahahahaha. Good one.
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2013/3/6-4/16 [Finance/Banking] UID:54620 Activity:nil
3/6     When I first joined my company, I got a sign-in bonus which was
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2013/3/9-4/16 [Finance/Banking] UID:54621 Activity:nil
3/9     In a 15/30 year loan, the amount of payment stays the same but
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2011/11/27-2012/1/10 [Finance/Banking] UID:54243 Activity:nil
11/27   Whoa, since when did FDIC coverage go up to $250,000? That's cool.
        So is this coverage per customer per bank, per account per bank,
        total per person, etc?
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           \_ Yes, and you can get even more with joint accounts, etc.:
              http://www.fdic.gov/deposit/deposits/dis/index.html
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2013/7/29-9/16 [Finance/Investment] UID:54717 Activity:nil
7/29    http://news.yahoo.com/study-finds-only-28-percent-173022359.html
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2013/5/9-7/3 [Finance/Investment] UID:54675 Activity:nil
5/9     I'm stock newbie. Let's say  I made $1000 in Jan 2012 and then
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2013/5/17-7/3 [Finance/Investment] UID:54679 Activity:nil
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2013/2/17-3/26 [Finance/Investment] UID:54607 Activity:nil
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2013/1/25-2/19 [Finance/Investment] UID:54588 Activity:nil
1/25    Is there a site that tells you the % of people shorting
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2013/1/16-2/17 [Industry/Startup, Finance/Investment] UID:54582 Activity:nil
1/16    Fred Wilson says you should focus on the cash value of your
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2012/12/21-2013/1/24 [Industry/Startup, Finance/Investment] UID:54568 Activity:nil
12/21   http://techcompanypay.com
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        \_ Googlers average $104k/yr? Uh huh.
           \_ what is it suppose to be?
              \_ link:preview.tinyurl.com/a36ejr4
                 Google Sr. Software Engineer in Sunnyvale averages $193k in total pay,
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www.nytimes.com/2008/10/10/opinion/10mulligan.html
Enlarge This Image Kelly Blair THE Treasury Department is now thinking about using some of the $700 billion it has been given to rescue Wall Street to buy ownership stakes in American banks. The idea is that banking is so central to the American economy that the government is justified in virtually nationalizing much of the industry in order to save us from a potential depression. I know that most everyone has been saying for a couple of weeks that something has to be done; a banking crisis could quickly become a wider crisis, pulling the rest of us down. For this reason, the Wall Street bailout is supposed to be better than no plan at all. The non-financial sectors of our economy will not suffer much from even a prolonged banking crisis, because the general economic importance of banks has been highly exaggerated. Although banks perform an essential economic function -- bringing together investors and savers -- they are not the only institutions that can do this. Pension funds, university endowments, venture capitalists and corporations all bring money to new investment projects without banks playing any essential role. The average corporation gets about a quarter of its investment funds from the profits it has after paying dividends -- and could double or even triple that amount by cutting its dividend, if necessary. What's more, it's not as if banking services are about to vanish. When a bank or a group of banks go under, the economywide demand for their services creates a strong profit motive for new banks to enter the marketplace and for existing banks to expand their operations. The stock market crashed in 1987 -- in 1929 proportions -- but there was no decade-long Depression that followed. Economic research has repeatedly demonstrated that financial-sector gyrations like these are hardly connected to non-financial sector performance. Studies have shown that economic growth cannot be forecast by the expected rates of return on government bonds, stocks or savings deposits. It turns out that John McCain, who was widely mocked for saying that "the fundamentals of our economy are strong," was actually right. Well, the economy outside the financial sector is healthier than it seems. One important indicator is the profitability of non-financial capital, what economists call the marginal product of capital. It's a measure of how much profit that each dollar of capital invested in the economy is producing during, say, a year. Some investments earn more than others, of course, but the marginal product of capital is a composite of all of them -- a macroeconomic version of the price-to-earnings ratio followed in the financial markets. When the profit per dollar of capital invested in the economy is higher than average, future rates of economic growth also tend to be above average. The same cannot be said about rates of return on the S& P 500, or any another measurement that commands attention on Wall Street. Since World War II, the marginal product of capital, after taxes, has averaged 7 percent to 8 percent per year. The marginal product was more than 10 percent per year, far above the historical average. The third-quarter earnings reports from some companies already suggest that America's non-financial companies are still making plenty of money.