Back to episode — Episode 2613 CWSA 09/30/24
Context —
happy with that CEO. Now, nothing to do with the politics of it. Why would you as a CEO do something so freaking stupid? I mean that's just stupid. So how do you explain it? Well I've got a suggestion. One way to explain it — I don't know if this is the way, but we're being conspiratorial today. You ready? Do you remember that in the earlier part of the last century the CIA was definitely talkin…
← Previous segment →n." No they're not. They're way up. Inflation is not as bad as it used to be. It's just not. But the base price is still way higher than it should be. So he's smart enough to know that you have to say it the right way, so he's saying it the right way.
And then he says households' financial obligations are light and set to get lighter. Really? Household financial obligations are light? I didn't know that, but he's probably right about that. With the Fed cutting rates. Okay, so that's going to help. Interest rates will go down. House prices have never been higher. Well okay, that's good if you own a house. And most homeowners have more equity in their homes than ever. Corporate profits are robust and the stock market is hitting a record high on a seemingly daily basis.
And he says, you know, of course there are some other things. All right, so what is the problem with his analysis? Do you see anything? Is there anything you left out? Did you see any variable that you think might matter that's left out? The national debt. The national debt is on an unambiguous path toward complete destruction of the United States. I feel like that should be mentioned.
There's not a single thing that he mentioned that's going well that would be going well if we hadn't borrowed and spent more than we have. All of those things he says are good are based on the fact that we have an existential doom cloud like we've never seen. $36 trillion worth of debt and we don't have any way of paying it back.
Do you know how I can make you all rich? I can make you all rich right now. I'll give you all a $10 million loan that you never have to pay back. Hey, I just fixed everything. I just made everybody rich. Look at me. Give me some kind of Nobel prize in economics for that. Yeah. If you ignore debt that is both crushing and unsolvable, things look great. Things look great.
Now how about the fact that young people can't afford homes and they'll all be replaced by robots pretty soon? Well we got problems.
All right, so it's a political season so you can tell who he backs politically without much effort. I don't know anything about his political opinion but based on his economic opinion, leaving out the debt, I'm gonna say he might be a Democrat. Might be.
Anyway, this next story is weird. All right, I'm going to get to all the big stories but I like to start with the weird ones. How many of you remember that the other day — it was only a few days ago — I speculated that playing the game Tetris, specifically Tetris, would be good for your mental health? Does anybody remember me saying that just a few days ago, that the game Tetris would be good for your mental health? I think you remember, right?
Well a few days later there's this story that's just — it's just so weird it — I feel like the simulation must be real, right? So here's a story I see today from Uppsala University, wherever that is. A single treatment session including the video game Tetris reduces PTSD symptoms. They actually tested it. They tested PTSD for people playing Tetris.
Now remember what my hypothesis was. The hypothesis was that our brains like things that will take our mind off of our troubles but also that we're accomplishing things. So every time you mentally twist one of those little Tetris blocks in your mind so it fits together with the other blocks, you're accomplishing a thing and it requires some focus in a part of your brain. Remember I talked about shelf space? Yeah, the m
Context —
ore minutes of your day you spend thinking about not bad things, the better your mental health. So if you make somebody focus on the visual part of their brain — you have to use the visual part of your brain to do the Tetris because you're moving things in your mind before you make them real — that's just a different part of your brain and that doesn't involve your memory, right? Your memory is…
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