The need for GPUs during an unprecedented spike in demand for chip fab capacity couldn't have helped. I think the basic model will eventually work out, though. The bandwidth is there. The compute has to be cheap enough…
Travel. Travel. Travel. Having everything USB-C just makes travel so much easier.
> How do you explain a non-negligible part of middle of America who voted for Obama voting for Trump? The labor movement always had a socially reactionary underbelly. My hypothesis: it wasn't bad economic times that…
> economic conditions dictate that within a few decade, there will be no restaurants in major cities. No. Restaurants will continue to exist. Sit down in particular. In cases where you are paying for an experience; the…
Someone working low-paid hourly wage work can probably make $20K. A few siblings + their parents = 5 people = $100K. Stagger availability schedules so there's always someone home with the kids, and share vehicles.…
You can fit 3 generations in a single family home in an American suburb of a mid-sized city, and half the world's population would either (a) consider that a QoL improvement or at least (b) put up with it for a while to…
Fast food is pricing itself out of the market. I think it's a great example of a sector that failed to innovate and is now incapable of providing a product worth buying at prices that are profitable. McDonalds et al.…
> I'd rather not base my picture of the entire economy around a single retailer Or retailers in general. Retail spending is down because services spending is up -- people are going to the beach and buying plane tickets…
>>>GDP has long been criticized for being a poor metric for the economy. But it's always been correlated enough with overall economic sentiment that it was Good Enough. >> yes by MMT supporters that want to ignore the…
Or, damn near every household bought a new TV during the pandemic lockdowns using their stimulus checks and now no one needs a new TV. I think Walmart's story in particular is one of stupidly bad demand forecasting.
> This isn't true, major retailers have been reporting falling demand. As OP said, >> and services. > Wal-Mart WalMart's issue is that they have a massive inventory/demand mismatch. They already have the headwind of a…
Descriptions of economic conditions are obviously politicized. This was probably always true to an extent, but it really took off during the early Obama years. That said... my wealth manager has been and still is…
On the other hand, we just went through a once per lifetime pandemic and a once per lifetime consumer stimulus package. Supply chains are wrecked and we're in a period during which international trading patterns could…
Hah! An Accounting prof told me that I should double in Accounting because CS would be outsourced. I said something like "well, maybe, but CS is going to automate a ton of Accounting jobs either way, and the accessible…
> I was concerned about rampant outsourcing for some reason. Because this concern was pervasive in pop culture / career advice columns during post dot-com. Fear-mongering about outsourcing is probably one of the primary…
I always enjoyed programming (like, from 3rd grade onwards). Basically, from my first line of BASIC, I was hooked. I realized I was built for computer science during my first industry internship. The job was in probably…
This Sounds like financial engineering. It is possible the people involved were incompetent, either individually or as a group. But this sounds like an incentive problem. Competence, misdirected. > Branded as a success…
That's a horrible prior. This isn't about the SEC at all. Arresting on a subset of eventual charges is something that nearly all prosecutors do, and for a large set of very good strategic reasons. I think you'd be…
This is why these large companies often form "innovation" units that are spun out as separate entities or at lest setup as separate orgs sheltered from internal politics by the C suite. It's possible. But it's really…
Sure, but someone loses, and in this case the loser is the local restaurant that doesn't appear to have much pricing power.
> a box of a hundred and eighty eggs, which had cost around eight dollars when he opened the restaurant, in 2001, was nearly fifty. I don't think I've seen wholesale eggs even close to that high at any point. I think…
Because they have no idea how to hire and manage teams that build software. It's a lot harder than it sounds if you have no personal experience delivering software (read: most legacy corp CTOs).
No. Suspects are often arrested on a subset of the criminal charges with which they will ultimately be indicted. Even in more serious crimes like mass shootings, prosecutors will press charges on only a few of the…
The solution to the issues you identify, which are real, is to improve the equitabiliy of the US justice system and strengthen laws against insider trading. > The least careful ones will just keep getting caught while…
The property assessors are either elected or appointed by elected officials. I have yet to see a single property where the tax assessment is remotely close to the asking price. Can you give some zillow/redfin links?
The need for GPUs during an unprecedented spike in demand for chip fab capacity couldn't have helped. I think the basic model will eventually work out, though. The bandwidth is there. The compute has to be cheap enough…
Travel. Travel. Travel. Having everything USB-C just makes travel so much easier.
> How do you explain a non-negligible part of middle of America who voted for Obama voting for Trump? The labor movement always had a socially reactionary underbelly. My hypothesis: it wasn't bad economic times that…
> economic conditions dictate that within a few decade, there will be no restaurants in major cities. No. Restaurants will continue to exist. Sit down in particular. In cases where you are paying for an experience; the…
Someone working low-paid hourly wage work can probably make $20K. A few siblings + their parents = 5 people = $100K. Stagger availability schedules so there's always someone home with the kids, and share vehicles.…
You can fit 3 generations in a single family home in an American suburb of a mid-sized city, and half the world's population would either (a) consider that a QoL improvement or at least (b) put up with it for a while to…
Fast food is pricing itself out of the market. I think it's a great example of a sector that failed to innovate and is now incapable of providing a product worth buying at prices that are profitable. McDonalds et al.…
> I'd rather not base my picture of the entire economy around a single retailer Or retailers in general. Retail spending is down because services spending is up -- people are going to the beach and buying plane tickets…
>>>GDP has long been criticized for being a poor metric for the economy. But it's always been correlated enough with overall economic sentiment that it was Good Enough. >> yes by MMT supporters that want to ignore the…
Or, damn near every household bought a new TV during the pandemic lockdowns using their stimulus checks and now no one needs a new TV. I think Walmart's story in particular is one of stupidly bad demand forecasting.
> This isn't true, major retailers have been reporting falling demand. As OP said, >> and services. > Wal-Mart WalMart's issue is that they have a massive inventory/demand mismatch. They already have the headwind of a…
Descriptions of economic conditions are obviously politicized. This was probably always true to an extent, but it really took off during the early Obama years. That said... my wealth manager has been and still is…
On the other hand, we just went through a once per lifetime pandemic and a once per lifetime consumer stimulus package. Supply chains are wrecked and we're in a period during which international trading patterns could…
Hah! An Accounting prof told me that I should double in Accounting because CS would be outsourced. I said something like "well, maybe, but CS is going to automate a ton of Accounting jobs either way, and the accessible…
> I was concerned about rampant outsourcing for some reason. Because this concern was pervasive in pop culture / career advice columns during post dot-com. Fear-mongering about outsourcing is probably one of the primary…
I always enjoyed programming (like, from 3rd grade onwards). Basically, from my first line of BASIC, I was hooked. I realized I was built for computer science during my first industry internship. The job was in probably…
This Sounds like financial engineering. It is possible the people involved were incompetent, either individually or as a group. But this sounds like an incentive problem. Competence, misdirected. > Branded as a success…
That's a horrible prior. This isn't about the SEC at all. Arresting on a subset of eventual charges is something that nearly all prosecutors do, and for a large set of very good strategic reasons. I think you'd be…
This is why these large companies often form "innovation" units that are spun out as separate entities or at lest setup as separate orgs sheltered from internal politics by the C suite. It's possible. But it's really…
Sure, but someone loses, and in this case the loser is the local restaurant that doesn't appear to have much pricing power.
> a box of a hundred and eighty eggs, which had cost around eight dollars when he opened the restaurant, in 2001, was nearly fifty. I don't think I've seen wholesale eggs even close to that high at any point. I think…
Because they have no idea how to hire and manage teams that build software. It's a lot harder than it sounds if you have no personal experience delivering software (read: most legacy corp CTOs).
No. Suspects are often arrested on a subset of the criminal charges with which they will ultimately be indicted. Even in more serious crimes like mass shootings, prosecutors will press charges on only a few of the…
The solution to the issues you identify, which are real, is to improve the equitabiliy of the US justice system and strengthen laws against insider trading. > The least careful ones will just keep getting caught while…
The property assessors are either elected or appointed by elected officials. I have yet to see a single property where the tax assessment is remotely close to the asking price. Can you give some zillow/redfin links?