The high bond yield was the RESULT of forced austerity, not the cause of it
That's a complete nonsense. Who is imposing austerity in Kenya or Pakistan? Their bond yields are higher than that of Greece. No one preventing them from printing more money.
Bond yields are usually determined by productivity of people in a country, and how much their government can extract wealth out of that productive population.
Bond yields are a function of the perceived risk of not getting repaid. PERIOD NOTHING ELSE.
Many things can cause a given bond to be perceived as risky. Kenya and Pakistan are unstable countries with roving bands of various militia and terrorist factions causing trouble. Austerity in greece is driving bond yields because investors see the continuing inability of the greek government to get their fiscal house in order as a risk to getting paid back. At some point they are going to have to choose between defaulting on debts and facing (more) riots from starving people. It doesn't take an ivy league economist to figure out which choice is more likely.
I'm mostly interested in whether you think I can actually make a profit on renting it long term. I have zero experience as a landlord. An extra $500+ a month is tempting, but not if it's going to cost me $1000+ to earn that.
Are you fucking kidding me? South America is FULL of terrorist groups. They just don't target the US. Same in Africa. Entire villages are slaughtered regularly for the purpose of frightening people into some specific action. Do you believe there aren't any terrorists from those places because you've never heard them mentioned by mainstream US news sources? Start here: https://en.wikipedia.org/wiki/List_of_designated_terrorist_organizations
I mean, shit. Talk about ignorance!
Terrorism has existed for as long as human civilization has existed. It is a tactic used by a (morally compromised) weak force against a strong force that they have no hope of defeating conventionally. Frighten the people and maybe the people will turn against the enemy that you're fighting. It's a shitty tactic, and sadly it actually works.
Since your only concern is clearly Islamic terrorist acts against the west, I would suggest you look no further than the recent history of western relations with the Arab world (yes, there are Islamic terrorists from non-arab states, but they pretty much all trace back to the same source). Instead of listening to right wing nutjobs make their claims about why islamic terrorists target americans, just listen to the nutjobs themselves, since they're pretty clear. They hate us (the west) because we support Israel. They hate us for the memory of colonialism. They hate us for our constant interference with their local politics.
If the west didn't have military bases and wasn't exerting political influence throughout the middle east, you wouldn't see terrorist attacks against us. You'd see the same kind of localized, tribal terrorism like you see in Africa and south america. It would still exist, but you wouldn't care because it wouldn't be mentioned in a cable news ticker.
Every terrorist, whether they be Osama bin Laden, Timothy McVeigh, or Anders Breivik, have the same basic motivations:
- They feel that they've been harmed by a much stronger power.
- They know that they can't defeat the power by conventional means.
- Their hatred for their perceived enemy overwhelms human emotions like guilt, and allows them to commit terrible acts.
Would you like to do a "scientific study" as to why such a large proportion of terrorists are white, politically conservative men? Why such a large proportion are mexican drug runners? Why such a large proportion are African warlords?
The basic claim that there are "such high numbers" of Muslim terrorists isn't even something you should take at face value. In terms of body count, exclusive of one single event (9/11, which skews things tremendously due to how successful it was), you'll find that the vast majority of terrorist kills of westerners were done by white conservative men. In terms of total number of attacks, the majority again come from white conservative men (even including 9/11). Do you have any idea how many terrorist attacks have been committed over the years by groups like the KKK, FARC, the IRA or the LRA? These are all groups with completely different motivations, and they all use the same tactics, and all for the same reasons.
(I say "conservative" here because, while the vast majority of these folks have been Christians of one flavor or another, it's hard to lump them together since religion wasn't their driving ideology: anti-government, anti-liberalism was).
Now, I'm being facetious here, of course. The whole reason for this thread is simple xenophobia, coded in the "can anyone explain?" format, which is what bigots generally use to defend their bigotry. Just say what you mean.
There have been literally hundreds of studies about the root causes of terrorism, from religion to poverty and everything in between. The answers keep coming up the same, and it's what I've mentioned here. The present scourge of Islamic terrorism is not unique in either its root cause or its continued existence. We are already seeing a sharp decline in terrorist activity originating from the muslim world. Much like the IRA a few decades ago, the muslims are coming to the conclusion that they can accomplish more politically than they can with car bombs.
Our great grandchildren will still live in a world where terrorism exists, but it won't be those weird hyper religious people in the desert that they associate it with.
"Is it politically incorrect to investigate this scientifically"
I don't think you understand how science works.
Modern-day terrorists (this distinction is important!) are disproportionately muslim for a few reasons:
- Poor transition in the post-colonial era.
- Overwhelming poverty
- Lack of opportunity for young men
- Real and imagined slights against predominantly islamic sovereign nations (various puppet dictatorships, coups, etc.) by western powers.
When these conditions exist, charismatic leaders with a cause convince desperate people to do terrible things. Today it's Muslims, half a century ago it was Europeans.
Islam has been around for thousands of years. Islamic terrorism has only been a major issue for a few decades.
This era will pass in a few more decades. At that point, southern Europe will likely be the poorest industrial region of the world, and most of the terrible violent acts will come from that area. Maybe people will blame Catholicism for it.
How ironic. In college all the art majors snubbed the geeks and wouldn't invite them to any parties. Now the geeks can party all they want in neighborhoods that the art majors can't afford. Too bad that pretty art major thought dating an engineer was beneath her in college. Now she'd love to be his husband living a life style he could afford her. Talk about Revenge of the Nerds.
It isn't 1980. Tech majors get laid as much as anybody.