spongebue

My favorite is "do you know the difference between a millionaire and a billionaire? About a billion dollars"

Like, being a millionaire is a pretty sweet spot to be in if you're lucky enough. Not quite like a millionaire of decades ago but still good. But if you're a billionaire, a million dollars is basically a rounding error.

Except My Cousin Vinnie

Do you happen to remember the name of that documentary? I saw the Vice specials from a really long time ago, but they seem to have gone through a much more controlled experience that wouldn't see what you describe. Heck, I think what I saw predates smartphones taking over the world.

Some of his advice (mainly the first "baby steps" of paying off debts and getting some money saved) is reasonable enough. Snowball method of paying off debt may not be the most mathematically advantageous, but it does give psychological quick wins to those who may need it most. Paying off high-interest loans first doesn't mean much if you get frustrated and give up. Setting a budget is also important.

Once you get past that his advice is pretty awful though. Yes, I use credit cards but I pay it off. Yes, I have a car loan but its interest rate is so low I pay a rounding error's worth of interest through the life of the loan. No, I'm not paying my mortgage off on a 15-year schedule because its interest rate is plenty low as well and I've got better things to do with my paycheck.

Is "breaks silence" the "slams" equivalent in headline writing when someone gives an opinion?

It's a solution in search of a problem. And boy are they searching.

Isn't he supposed to be banned from NY?

Honest question: huh?

Food will always be in demand, so a slight change in supply can have a huge impact on price. Imagine a ton of farmers going under and far less interested in taking over producing the crops/livestock that were ending up in our stores. Even if you don't work in agriculture or food processing or whatever, you'd still be severely affected.

No arguments there... But the 2008 bailouts are severely misunderstood.

In all fairness though, those industry bailouts were generally recovered

Early estimates for the bailout's risk cost were as much as $700 billion; however, TARP recovered $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit (an annualized rate of return of 0.6%), which may have been a loss when adjusted for inflation

https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008

Ok, that last part about still being a net loss after inflation is fair, but we're talking about a possible rounding error here, not a 12-figure loss for the Treasury.

Hmmm. Do pineapple and anchovies go together?

Oh, I misread your comment to say that he named himself that because he's not a god, like there was some back story or something!

Absolutely agree that what he said is more important than the stage name used when saying it