fijiaarone

If I just give up lattes and new Ferraris for 20 years, and work real hard, I can go to space!

You can tell a fraud by the quality of their photos in the sycophant press.

Wow, if only you had something to keep all that in one place.

Nothing happened “after Lehman”. The Lehman collapse was a result of what came before it — the liquidity crisis, the bank runs, and the stock market crash.

Does anyone remember the sign boards outside every bank offering up to 10% interest on short term CDs in the fall of 2008?

When my mom called in February this year about opening a “savings account” for the grandkids at 5 1/2% interest, I knew something was up. Because the going rate the month before (and ever since 2009) was something like 1/10 of 1%

In 2008 it was also Chinese real estate and European banking recklessness and Japanese monetary policy that provided the sugar cubes.

This time, it’s US monetary policy being the fuel to the house of cards built on top of the burning wreck of 2008 that was papered over.

Stop shining that light in my eyes.

Glass-Stegall would have prevented JP Morgan Chase Washington Mutual etc from participating in collateralized debt swaps, or from taking depositors money to do so.

Funny, nobody is talking about Bitcoin or Decentralized Finance as a solution (or even a hedge) to this problem.

Most bankers are absolutely garbage at money management and the only people that understand economics worse than most investors are economists.

Most people can’t understand analogies. They are literally literal.

You’re making the weird assumption that the people at the Fed have greater than 99 IQ, or any desire at all to learn about the effects of their monetary decisions other than their own short term personal gains.

And there is no indication of either of these suppositions.

How is Bob getting a 400% return on every bet he makes? Especially when his strategy is to make the same bet that everyone else is making? Last I checked, Bob’s investments so closely tracked inflation, its indistinguishable. And it’s about 50-100 times less than you claim.

Oh and Bob did not save 1/3 of his gains. To be fair, he spent it, living high on the irrational market all these years.

Meanwhile, Alice scrimped and saved and warned and was mocked.

She turned out to be right all along, and now she’s the queen of Barter town. Which isn’t a great place to be.

But the little guy who controls the resources and his muscle don’t need Alice, and want her wealth.

The simple solution to this equation is that the assumption in number 3 isn’t correct.

Gold is not a store (or measure) of value. Nobody cares about gold. Sure, some people might like to have a gold ring or necklace, but that’s a tiny amount of material for a small number of people and it’s demand (like diamonds) is primarily marketing driven, and easily satisfied by a side effect of copper mining. Until the average Joe demands that his life savings be spent on a gold sarcophagus, it just won’t matter.

People tend to prefer fancy cars and houses and electronics and vacations and food and drink.

And you can see the cost of all those things has more than doubled in recent years, a clear indicator of inflation cause by (practically) zero percent interest rates.

“A cord of many strands is not easily broken” is literally Fascism.

No one is manager at Morning Star (because they use a different word for manager) and almost everyone is an “independent contractor” (because they are undocumented migrant workers).

Pretty sure AWS hasn’t given support to anywhere near 250k developers.

Where an object at 60,000 feet would only have about 95% of the atmosphere below it.

I think there was a typo in the title. Shouldn’t that read “Watch animated TV and click buttons in the comfort of your home”

I’ll give anyone interested half of nothing for full time wages doing whatever I want too.

I’ll lead the co-op. I just want 2 times everyone else’s salary and final decision on everything.

And even more importantly, dozens of hours per month.

For the past several years, “startup” meant at least 5 years in operation with over $1 billion valuation.

Yes, scaling is trivial on AWS if you rewrite from scratch 3 times and rearchitect 4 times, but at least you don’t have to enter your credit card number twice.

You used to be able to scale up to millions of users in less time than you could memorize all the AWS acronyms, and with lower hardware and bandwidth costs to boot.

It’s true that it would take a couple weeks to order all the hardware and a couple more to install and configure it, but that’s about the same amount of time you spend writing all the terraform and Kubernetes scripts and configuring cloudformation and VPCs and IAMs.

Until someone figures out that we are all just hallucinating completely wrong code.

Every technology devolves to TV. The fact that you have to not only read, but write to interact with ChatGPT means 99.99% of people will not use it.

I trust Alexa & Siri completely though.

I think ChatGPT can’t help it. It has to lie.

I can think of a good way to generate all that astroturf content.

That’s what my boss said about me on my last performance review.

If an AI is just a large language model without any ethical reasoning, what is a lawyer but the same thing with a smaller language model?