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Cake day: December 1st, 2023

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  • Bloomberg is stock market brained, but more generally China’s extremely high savings rate is regarded as a bad thing, because this is usually due to the combination of high income inequality, low social safety nets, and high housing costs.

    Basically, there are too many poor households in China that are saving excessively due to anxieties about lack of safety nets and high housing costs.

    Low education/financial literacy and poor regulation of financial markets also make Chinese households very risk averse to consuming, investing, or even taking out loans (credit cards are very unpopular). Everyone is just excessively dumping their savings in assets perceived to be safe.

    Once savings are in “safe” assets, they are inaccessible to other productive uses like startups or other loans. This is the exact opposite of a productive economy, and is what the article tried to convey.

    China’s high savings: Drivers, prospects, and policy implications - ScienceDirect - https://www.sciencedirect.com/science/article/abs/pii/S1566014125001049









  • Meron35@lemmy.worldtoADHD memes@lemmy.dbzer0.comFucking pointless
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    1 month ago

    Slow cookers are terrible. The long drawn out cooking process destroys the texture and taste of food and turns everything into a homogeneous slop. So much time and energy usage for such mediocre payoff. And fundamentally not different to just baking stuff in an oven for a long time.

    The real tip is to get a pressure cooker instead. Almost every slow cooker recipe can be easily adapted to a pressure cooker, for a significant savings in time, energy, and improvement in taste and texture. Even if you get anxious about pressure cookers, most pressure cookers have a slow cook function as well.



  • South Korea is infamous for very high cost of living, especially considering the very low salaries.

    You can check numbeo for more specific comparisons, but Seoul and Busan are only 20% and 30% cheaper in terms of cost of living compared to Atlanta GA, respectively. Not nearly enough to make up the salary difference.

    The fact there there are migrant workers already tells you the situation. People’s behaviour generally follow economic incentives. There’s a reason why South Korea is struggling with emigration.






  • Get diagnosed, and if applicable, treatment ASAP. In a very loose way, early intervention can “cure” ADHD.

    Children’s brains have much higher levels of neuroplasticity, and can therefore “learn” and rewire their brains’ reward systems to be similar to those of neurotypicals. There is evidence that with early intervention and treatment, this is sufficient enough that children with ADHD can grow up into adults that are well functioning enough to no longer require as much treatment/medication, if at all.