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Cake day: June 16th, 2023

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  • Everyone should meet someone that worked in the mortgage industry pre 2008. The number of things that were not only allowed, but perfectly legal were absurd.

    • appraisal was basically a bribe for any number you wanted.
    • no document loans were far more available for anyone.
    • mortgages had no real chain of custody after sale.
    • there wasn’t any real way to verify the risk of a mortgage security pre 2008.
    • variable rates didn’t have lifetime caps on rates, and reporting the details of how they functioned weren’t required.



  • Global power doesn’t tend to be a peaceful transition though. If China does make a play to become the dominant force by then, it’s bad news for everyone living right now.

    There are benefits China has that will go away as they transition, which could also cause them to stumble. No longer being considered a developing nation, any poverty will be 100% on them to fix, international agreements will expect them to contribute instead of receiving, emissions will be more heavily scrutinized. Other countries will not be a tolerant about the rampant IP theft and extreme protectionism of their domestic markets.











  • From a US perspective. Depending on the specialty a PA will do 99% of what a doctor does. In more surgical specialities they tend to do most of the pre and post op work. The US also has NPs (nurse practitioners) which are very similar in function to a PA. The big difference is that an NP is taught medicine from a nursing perspective, while a PA is more explicit in the partnership with a doctor. As a PA or NP you would be more of a peer with a doctor, so you would likely see different sides of doctors and nurses than you currently do.

    You can expect different drama, maybe not less. I can’t say what specifically would be the case in Germany. In the US it’s mostly about balancing patient care with paperwork, and battling insurance companies. The ratio of practicing medicine vs bureaucratic bullshit is currently very skewed towards bureaucracy in the US.