She also used to say (longer version):
August 2013
The Future Price Trajectory of Copper and Aluminum and the Implications for Oil
....Grandmother would quiz: "Your initial conditions are 'The sky is falling, the sky is falling', what is your course of action?"From The Hustle, October 1:
to which I'd reply "I'm this many: ||||, four" and she'd say, "No silly, your course of action is 'Short sky'"
The future of financing comes in the form of just three easy installments
The layaway plans of yesteryear are baaaaaack… sort of. Fintech firms like Affirm Inc., Afterpay Touch Group Ltd., and PayPal Holdings Inc. have started offering plans that allow people to pay for purchases in installments.Apparently the fintechs have targeted the four-year-old demographic.
While this financing model used to be reserved for big-ticket purchases like TVs and washers, it’s becoming more common for smaller goods like clothing and home decor.
Being middle class is more expensive than ever
The costs of middle-class markers like higher education, cars, and home ownership have shot up in recent decades. Wages, meanwhile, have remained relatively stagnant.
For many people, large chunks of their take-home pay are immediately spoken for… and more people are relying on borrowing for everyday purchases. Consumer debt — which doesn’t include mortgages — has topped $4T.
But having lived through a major recession, many young adults balk at carrying credit card balances. This makes installment plans a more appealing option.
How is this different from using a credit card?
The big difference is that consumers typically know upfront exactly how much they’ll be paying for each item — say, four monthly payments of $32....MORE.
Or the schools are doing a really, really lousy job.
Shorter Grandmother:
"If the initial condition given is 'The sky is falling', your course of action would be to short sky, try the eggplant"
