I think the trigger of monday's market crash was the Bank of Japan raising rates by a miniscule 15 basis points, which took all kinds of wind out of trades that were relying on the fact japan is the only economy left with near 0 interest rates. There was an unimaginable amount of money sitting there. Everything else helped too of course.
Also a lot of big names went out to say that the AI trade isn't actually making any money.
There's still way too much money in the system as you can see by Nvidia being a bloody graphics chip manufacturer and being the largest company on earth for a bit there.
There's a lot going on, though. Everyone who is willing to call an economy bad is ringing alarm bells right now because every indicator that isn't directly under state control looks bad.
Also a lot of big names went out to say that the AI trade isn't actually making any money.
There's still way too much money in the system as you can see by Nvidia being a bloody graphics chip manufacturer and being the largest company on earth for a bit there.
There's a lot going on, though. Everyone who is willing to call an economy bad is ringing alarm bells right now because every indicator that isn't directly under state control looks bad.
https://www.youtube.com/watch?v=dqLIA6qAT6k
He's given up on the politics and it's just spitting bars to people who appreciate them. Which I appreciate.
He's given up on the politics and it's just spitting bars to people who appreciate them. Which I appreciate.
Socialism is just like neighborliness.
I took my gun to my neighbors house, put it to his head, and said "Give me all your money or else" then gave it to whoever I wanted to including a bunch of rich foreigners, and that's just being neighborly!
I took my gun to my neighbors house, put it to his head, and said "Give me all your money or else" then gave it to whoever I wanted to including a bunch of rich foreigners, and that's just being neighborly!
Unfortunately it's common from both parties. In the past 8 years there's been periods where the Dems had all 3 spots and periods when the Republicans had all 3 spots but that's when nothing gets done.
I guess the upside is it would be rough if the laws were changing every 2 years as power dynamics shifted with new elections.
I guess the upside is it would be rough if the laws were changing every 2 years as power dynamics shifted with new elections.
Important part of american politics: if Trump wins and there's a huge majority elected in both houses, they won't even talk about such a bill. They only vote on bills like this when they can't possibly win
I often like seeing the requests for advice on some websites "my wife is a nurse, I'm a doctor, combined income 1900k/yr, we have 17 cents in debt and a paid off 7 billion dollar house, we have a fleet of cars signed by Henry Ford himself, but we're never going to be able to retire!"
Seems like an eminently thinkable event. Like, of all the acts I'd expect a mailman might do with a dumpster, throwing something out and specifically mail seems right at the top of the list of things I'd think of.
Typically big crashes don't stick around to their initial extent. That's why the advice is always to just stick to your strategy rather than making any rash moves and make potential losses into real losses.
The thing you want to do if you can when stuff like this happens is keep some of your powder dry so you can hop into trades that become opportunities.
The thing you want to do if you can when stuff like this happens is keep some of your powder dry so you can hop into trades that become opportunities.
https://www.youtube.com/watch?v=wiO4b37RsIk
Pretty interesting video about failure modes of different forms of LED TVs.
Pretty interesting video about failure modes of different forms of LED TVs.
"I'm sorry, literally this time last year we still called everyone we didn't like anti-Semitic, we weren't calling for death to the Jews and Israel back then!"
Listen to npr. They had no idea it was coming, they can't explain why it happened, they don't believe it'll continue, but definitely they'll set you right.
It's a clever marketing alliteration, but this crash is at least 4 years in the making and has both parties fingerprints all over it. In fact, many parties globally participated in destroying the world economy and this is just a tiny part of those hens coming home to roost.
You can have "unlimited growth" easily by just lying about inflation. Then they just make it so everything costs more except your wages and so record profits for everyone (and record tax revenue since look at all these profits we can tax!)
To be fair though, "generative AI produces factually incorrect bullshit" isn't really news unless someone's looking for a reason to attack a specific one. It's an inherently unreliable technology for seeking truth. That's why Google ended up just stopping a bunch of queries altogether because for sensitive topics they know they'll get in trouble, but not every platform does the same (but has the same problems)
"we're sending in Kamala Harris."
"A nuclear bomb is like a really big bomb that makes a really big explosion and that's bad[...]"
"May whatever God they believe in have mercy upon their souls"
"A nuclear bomb is like a really big bomb that makes a really big explosion and that's bad[...]"
"May whatever God they believe in have mercy upon their souls"
The key to investing is to properly predict the future and to already be in the position you need to be in.
I rebalanced 2 months ago because I saw something bad coming. Glad I did, locked in my gains into stuff that's presently going up.
I rebalanced 2 months ago because I saw something bad coming. Glad I did, locked in my gains into stuff that's presently going up.