<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">Here’s another fun one: My apartment complex no longer accept packages. <div><br></div><div>Go to the post office to pick them up — take filthy public transit to a now-crowded post office (came down from corporate), wait in the filthy post office with the unwashed apartment dwellers, then lean all over a diseased counter, then take the HUGE 3x4 package back on the freaking bus.</div><div><br></div><div>Brilliant I tell you, absolutely brilliant! Really going to reduce COVID-19 exposure. <br><br><div dir="ltr">SR Ballard</div><div dir="ltr"><br>On Mar 9, 2020, at 1:53 PM, John Clark via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:<br><br></div><blockquote type="cite"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><br></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Mon, Mar 9, 2020 at 11:37 AM spike jones via extropy-chat <<a href="mailto:extropy-chat@lists.extropy.org">extropy-chat@lists.extropy.org</a>> wrote:<br></div><div dir="ltr" class="gmail_attr"><br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"> <span class="gmail_default" style="font-family:arial,helvetica,sans-serif">> </span><i>Low interest rates seduce the US government into borrowing more and more money. In addition, plenty of homeowners have borrowed money against their homes at low interest rates, hoping to invest in the stock market with their equity. This sets up a ticking time-bomb.</i></blockquote><div><br></div><div class="gmail_default" style=""><font face="arial, helvetica, sans-serif"></font><font size="4">Low interest rates like we have now means there is a <b>HUGE</b> pile of money wanting to be loaned out and a much </font>smaller<font size="4"> pile of investors wanting to borrow money. And a small inflation rate like we have now means there are more machines that are making things that people want to buy than there are machines that are making dollar bills. Incidentally just today the price of West Texas Intermediate Crude Oil dropped by 22%, the largest one day drop in history. So it looks like inflation isn't going to be a big problem anytime soon but don't celebrate too much, inflation wasn't a big problem in 1929 either. Speaking of 1929, the market hasn't closed yet but as of right now the Dow Jones Industrial Average is down over 2100 points.<br><br>John K Clark</font></div></div></div>
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