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eigenrobot's profile
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@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
Joined July 2013

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    eigenrobot‏ @eigenrobot 28 Jul 2020

    eigenrobot Retweeted Dan listens to Grandpa Irvie's poetry

    #metoo Like Ok say we prohibit evictions Landlords default on mortgages (maybe this happens regardless) Leveraged banks get insolvent fast (maybe this happens regardless) Money printer goes brrr? Fed just buys mortgages? How does this play out? Unclear to mehttps://twitter.com/danlistensto/status/1288178022475091969 …

    eigenrobot added,

    Dan listens to Grandpa Irvie's poetry @danlistensto
    this is what keeps me up at night these days. if this isn't solved with compassion and urgency our whole society will go up in flames. https://twitter.com/CNBC/status/1287828927378001922 …
    Show this thread
    3:28 PM - 28 Jul 2020
    • 11 Retweets
    • 103 Likes
    • Karl Cuppazucchini Space Pirate stupid twitt account Dr Grumpy Grandpa Robot Bastard! World's Greatest Dad per Capita Corn Woman 🌽 Spotted Toad CommanderBuzzKill
    40 replies 11 retweets 103 likes
      1. New conversation
      2. blissfully married srav‏ @thesravaka 28 Jul 2020
        Replying to @eigenrobot

        mortgages are vastly less structurally important than they were in 2007-2008. they might let it collapse.

        1 reply 0 retweets 5 likes
      3. blissfully married srav‏ @thesravaka 28 Jul 2020
        Replying to @thesravaka @eigenrobot

        related, i'd estimate the federal government could create $10T of new debt and be better off for it. funny how that works.

        0 replies 0 retweets 3 likes
      4. End of conversation
      1. This Tweet is unavailable.
      2. eigenrobot‏ @eigenrobot 28 Jul 2020
        Replying to @a_nice_man_

        I'm not sure this does mean prices collapse Financial panics are pretty deflationary

        1 reply 0 retweets 1 like
      3. End of conversation
      1. antirobust‏ @antirobust 28 Jul 2020
        Replying to @eigenrobot

        this is why it's better to just give ppl money directly instead of trying some weird regulatory thing which ultimately flows through and has you giving money to ppl anyways except then it skews towards rich landowners & bankers and stuff

        0 replies 0 retweets 10 likes
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      1. New conversation
      2. B.o.B.‏ @Rathination 28 Jul 2020
        Replying to @eigenrobot

        Not sure your point matters here. The money printer already went brr - but instead of at the end as in your thesis, it went brr for individuals and consumers. That's going to stop, meaning that your "maybe"s becomes "definitely"s

        1 reply 0 retweets 1 like
      3. Suddenly, a Goat!‏ @Suddenly_a_Goat 28 Jul 2020
        Replying to @Rathination @eigenrobot

        Lot of money ended up going into corporate accounts. CARES gave roughly 6k to companies per person in the workforce, with the idea that it would be cheaper than the UI increase

        1 reply 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. Gabriel‏ @gbrl_dick 28 Jul 2020
        Replying to @eigenrobot

        yeah my feeling with a lot of these house of cards scenarios is that the key is like letting it fall over gently, rather than all at once

        1 reply 0 retweets 3 likes
      3. Gabriel‏ @gbrl_dick 28 Jul 2020
        Replying to @gbrl_dick @eigenrobot

        It’s very important btw to allow some falling over to occur

        2 replies 0 retweets 3 likes
      4. Show replies
      1. New conversation
      2. Definitely Not Eevee‏ @eevee_not 28 Jul 2020
        Replying to @eigenrobot

        I'd be curious what the historical rate of evictions was during the Great Depression. Seems like a relevant comparison. TLDR version is everything probably ends up fine overall, poor hardest hit as always.

        3 replies 0 retweets 6 likes
      3. eigenrobot‏ @eigenrobot 28 Jul 2020
        Replying to @eevee_not

        Housing during depression was far less financialized I think

        2 replies 0 retweets 9 likes
      4. Show replies

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