Doc Robinson
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Re: The Meaning of Your Life is Other PeopleExcerpt from The Dark Mountain Blog, 28 December 2014,
by Andrea HejlskovTHE SIMPLE LIFE OF SOLIDARITY
After I quit social media my whole way of thinking has changed. As have my reading habits. What kind of author doesn’t read any books? Well, me for one. I read social media instead. I dove right into it, head first. I wanted to read *you*. But somehow it all got corrupted, somehow the deep human need for connection and communication got distorted. We were bought and sold. We were manipulated. Social media has become a weapon and they took away that which could have saved us.
…I might be weird and I might be angry about society (it’s an evil empire, run!) but you know why I write? Why I didn’t just turn my back on everything and engaged with ‘the simple life’, so pure, spiritual and whole?
Because I’m still into you.
I always was. Even Thoreau and Abbey were. We all were. Always.
CHALLENGE OF OUR TIME
I believe this to be the true challenge of our day and age. The age of individualism and egoism is over. We know this. We know we need to connect and communicate to solve the mess that we’re in. On the deepest human level. The collective soul. Aren’t we flock animals? After all? Don’t we realise that lately things have become seriously dangerous and we need to… rise?
What we need to do now is to shape these vague contours, articulate, tentatively, that which have dawned on us.
We. Need. Each. Other.
[quoted from
https://dark-mountain.net/blog/time-is-of-the-essence/%5DHuckleberry said: “…Now most single companies have rarely gotten into trouble until Debt to equity exceeds 4… This is actually Statistics Canada’s graph…Showing Canada’s debt to Assets of 0.2! That would imply a Debt to Equity of 0.25! …so incredibly low.”
That graph with Statistics Canada data is actually from a report titled “Debt and family type in Canada”, and refers to “personal and unincorporated business assets per household.” Apples and oranges?
The related section of this report:
“As well as the day-to-day ability to pay for debts from income, another indicator of financial insecurity is the debt-to-asset ratio. This ratio tracks the degree to which debts are backed by assets. Higher ratios indicate there may be more Canadians who carry debt that is not secured by assets. Although household debt increased between 1990 and 2009, the value of personal and unincorporated business assets per household almost doubled over the same period. As a result, the debt-to-asset ratio remained relatively stable between 1970 and 2007, hovering around 16.7% (Chart 3). However, in 2008 and 2009 the debt-to-asset ratio increased to 19.6%, the highest level in more than 35 years.”https://www.statcan.gc.ca/pub/11-008-x/2011001/article/11430-eng.htm
Huckleberry, what happens to these debt-to-asset ratios when real estate values collapse? How is the demand for a company’s products related to the debt levels of the would-be customers? What happens to “most single companies” when their market dries up (regardless of their debt-to-equity ratios)? What’s the effect on a company’s debt-to-equity ratio (and the effect on the economy) when corporate assets, like production facilities, are suddenly non-productive? In your opinion, what’s the range of debt-to-equity ratios in which companies will “get into trouble” (when real market values are considered), during prolonged periods of no growth?
Huckleberry said: “…Now most single companies have rarely gotten into trouble until Debt to equity exceeds 4… This is actually Statistics Canada’s graph…Showing Canada’s debt to Assets of 0.2! That would imply a Debt to Equity of 0.25! …so incredibly low.”
Huckleberry, what happens to most single companies when their market dries up (regardless of their debt-to-equity ratios)?
That graph with Statistics Canada data is actually from a report titled “Debt and family type in Canada”, and refers to “personal and unincorporated business assets per household.” Apples and oranges?
The related section of this report:
“As well as the day-to-day ability to pay for debts from income, another indicator of financial insecurity is the debt-to-asset ratio. This ratio tracks the degree to which debts are backed by assets. Higher ratios indicate there may be more Canadians who carry debt that is not secured by assets. Although household debt increased between 1990 and 2009, the value of personal and unincorporated business assets per household almost doubled over the same period. As a result, the debt-to-asset ratio remained relatively stable between 1970 and 2007, hovering around 16.7% (Chart 3). However, in 2008 and 2009 the debt-to-asset ratio increased to 19.6%, the highest level in more than 35 years.”
https://www.statcan.gc.ca/pub/11-008-x/2011001/article/11430-eng.htmHuckleberry, what happens to these debt-to-asset ratios when real estate values collapse? What’s the effect on the economy when corporate assets, like production facilities, are suddenly non-productive? In your opinion, what’s the range of debt-to-equity ratios in which companies will get into trouble (when real market values are considered), during prolonged periods of no growth?
