Apparently in Texas you can sign up for a “wholesale” electricity plan. Just like a loan with a floating interest rate, it could be a real benefit to the consumer when rates are low. The catch is, the interest rate for loans or the wholesale cost of electricity changes over time. Sometimes it changes both dramatically and quickly.
Signing up for the “wholesale” plan makes eminent sense when gas and oil is flowing and prices are low. All it takes, though, is a single unexpected event to make such a decision catastrophically wrong. It’s the inherent risk of pinning your plans on a floating rate that’s governed entirely on the vagaries of supply and demand in a potentially volatile marketplace.
While I feel badly for the people who woke up this week to a $16,000 bill for electricity, I presume the contract they signed included a pretty large warning that price moved both up and down and often does so with great rapidity. I felt sorry, too, for people who signed up for zero percent mortgages only to realize that when their mortgages rest to the “real” rate they couldn’t afford both the principle and the interest.
In both cases, these are people who willingly bypassed traditional service agreements or mortgages in favor of “exotic” options. The low up-front cost of exotic options, even if no other explicit warning is made, should be a clear indication to the average consumer that they are assuming a greater than normal degree of personal risk. Both are just one step better than walking in to the local casino and putting your month’s mortgage or rent payment on red and hoping for the best.
Though I feel sorry for both groups, I don’t feel any more sense of personal responsibility to bail out electricity consumers who made bad choices than I did for bailing out homeowners who took on unreasonable levels of debt. Expecting to enjoy all the benefits of low prices without encountering the corresponding negative possibilities smacks of immature thinking. Constantly protecting people from the natural consequences of their own actions clearly hasn’t done us any favors, as it seems no one has taken any of the lessons to heart.
Now because I’m not a complete bastard, I could be convinced that low-interests emergency loans for those needing relief is a reasonable idea, but simply wiping out legitimate debt because it’s politically expedient sends an appalling message. Mine won’t be the popular opinion, of course, since no one wants to be responsible for themselves and politicians don’t win votes in this modern world of ours by expecting anyone to live up to their personal obligations when a billion dollar bailout is available. So, really, those whole post is about nothing more than yelling into the void.
1. Assessments. I made the mistake of opening my property tax assessment on Sunday morning. I was having a perfectly nice day up until that point. Look, I mean it’s great that the county thinks I’ve picked up that much equity over the last three years, but that in no way means I’m happy about throwing more money to the Cecil County executive and council to piss away buying up even more land for regional parks that seem to be accessioned specifically to provide a place for people to go overdose.
2. The new normal. I’m looking forward to getting started on the Biden presidency and the conclusion of the Trump impeachment trial. I, for one, am sick and tired of finding myself siding with things members of the Democratic Party are saying and look forward to getting back to opposing 60-70 % of their policy agenda. I’m tired of living in a world turned upside down.
3. Stats. If this week has taught me anything, it’s that my blog readers either a) don’t want to read about insurrection, politics, and all that or b) the zone is so flooded with posts that things aren’t getting through. Views are more than 50% off where I’d expect them to be in a normal week. This, of course, has been anything but a normal week. I’m going to keep doing what I do, even if it’s just me shouting into the void.
I follow a lot of really dissimilar people on Twitter. Politicians, comedians, real life friends, actors, talking heads, meme accounts, porn stars, bakers, and candlestick makers are all on the list. I follow them because I find them either entertaining, informative, or fun to look at. For me, Twitter is the electronic equivalent of walking down the street and hearing snippets of the conversations taking place around you. It has the decided advantage of not requiring you to be out walking an actual street interacting with actual people.
What so many of these seemingly dissimilar individuals appear to have in common is the swift and violent reaction to any comment or re-tweet with which they happen to disagree. I saw at least three posts this morning before 6AM that had some variation of “come at me, I’m itching to hit the block button.”
Sure, you’re perfectly free to block or unfollow someone at any time for any reason under the sun or for no reason at all. I post what I want, like what I want, and almost always give everyone else as wide a berth as possible to do the same. More and more, though, it feels like net denizens are just roving their feed looking for either a fight or an excuse to display how offended they are. Hey, feel free to swing that ban hammer till your heart’s content. It just seems to me there are better and more entertaining and productive uses for social media.
But I’m just a guy sitting here, so do whatever I guess.
It’s come to my attention over the last several days that the bit of technology that connects my WordPress account to Facebook to provide a helpful little notification that there’s something new to read seems to be not working as it should do.
Having been in at the creation of the internet, spending my formative technological years in newsgroups and chat rooms before moving on to more modern offerings like Classmates, MySpace, Facebook, and Twitter. I only mention it to establish my credibility as one who is steeped well in the art of screaming into the online void. The fact that nothing happens to be screaming back at any particular moment isn’t particularly surprising. The void is a big place after all. However, that little notice that “Hey, Jeff published something new” is something I looked forward to five nights a week.
The beauty of the basic WordPress account is that it works just about flawlessly 999 days out of 1000. There’s not that much administrative work to keep up with unless you have a deep desire to figure out what all the switches and buttons do. Mostly it just sits there and runs itself based on whatever selections you made when first setting up the account. I’ve stayed firmly rooted to this platform because it has required so little in the way of upkeep over the years.
There are, of course, there’s the odd day when something behaves oddly and you have to climb down into the engine compartment and start poking things with pointy sticks until it starts working again. That’s what it’ll feel like anyway, because I’ve very clearly lost touch with how anything deeper than the surface layer of technology works.