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Have any of these companies made progress that would bring them to cities that get snow? I assume that's what is locking out Chicago, New York, Boston, Philly, Denver, etc.

I understand the sentiment- really, but I am not sure that most human drivers have reliable reactions at high-speed either.

Is there any difference in a GPU that's good at bitcoin mining versus one that's good for AI work? Or to ask another way is all the compute being built-out now able to be repurposed for mining?

The problem with shorts is that bubbles can expand well beyond rationality. Cash or bonds is what I am doing.

That's not a problem at all, you just roll some of your bull market gains into close dated ATM puts periodically. If the market is sideways sell calls.

COVID flipped the script on who was anti-vax. It was primarily well-educated upper-class white liberal "granolas" - now it's poorly educated MAGA Wal-Mart folks.

> It was primarily well-educated upper-class white liberal "granolas"

I don't think those people stopped being antivax, if anything they feel vindicated.


By the numbers, the upper-class white people were a very small fraction of the anti-vaxxers in the US. The majority were (and still are) Mennonites, Amish, and ultra-conservative Jewish communities.

You should consider thinking of people as precious, rather than these odd fine tuned segregated negative groups seemingly based on skin color, political leanings or social status.

If immigration remains low, then won't the demographic shift in the US population eventually free up more housing stock. In other words, Boomers die off. Gen X is fairly small, more empty homes? Is something like this happening in Japan or SK?

Homes are lucrative investment vehicles. I’d expect many of these to get gobbled up people and companies looking to make a buck.

SPY only ever goes up so this is a great plan!

I wonder how many people picking individual stocks these days were investing in 2007 or better yet 2000/2001. Everyone was a genius stock picker in 1998/1999 also.

I'm not sure why this is a headline level piece of news. Plenty of jobs have fitness and/or weight requirements.

True, but NYC has made it illegal to fire someone because of their weight, deeming it discrimination.

https://people.com/new-york-city-outlaws-discrimination-base...


Luckily I don't see many oil drilling rigs in NYC

I guess you didn't read the article?

ABC News reported that the ordinance — which will take effect Nov. 22 — excludes cases in which a person’s height or weight makes them unable to perform required aspects of a job.


I guess you didn't read the article, or my point, which is that you can't be fired for being overweight. That's the point.

The article you posted has clear and direct exclusions for jobs where they can have physical requirements - as I quoted directly for you. Therefore even if there were offshore oil rigs in New York, the law would not apply.

It will go back up when Meta borrows from Amazon to buy capacity from Oracle who buys silicon from Broadcom to fund GPUs from nVidia to let OpenAI enhance their app to make Facebook posts.

They’re all carefree and confident the US government will bail them out on grounds of a national security threat in falling behind.

Too big to fAIl


I feel like they are just eating people on the bottom of the economy and then expect taxpayers to pay.

Edit: People are literally being forced out of the country by cost of living https://www.wsj.com/personal-finance/retirement/middle-class...


I can't think of an industry[1] more deserving of being left high and dry and less able to garner public sympathy than NYC banking and we let them get a bailout.

But everyone hates CA, hates big tech, etc, etc, so maybe the political stars align and this will be the ones who finally set the "no bailout" precedent.

[1] Well actually I can now that I think about it and it's the beltway bandits but that's beside the point.


And it will go (way) down when the music stops on that particular game of musical chairs.

One of the scariest quotes I read from Why Markets Fail - John Cassidy, is a quote from a big wig at a large financial institution.

While acknowledging being in a bubble the quote was "While the music is playing, you have to get up and dance".


Chuck Prince from Citigroup. "When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing"

His explanation of the quote:

'"My belief then and my belief now is that one firm in this business cannot unilaterally withdraw from the business and maintain its ability to conduct business in the future,” Mr. Prince said."'

...

'"And if you are not engaged in business, people leave the institution, so it is impossible to say in my view to your bankers we are just not going to participate in the business in the next year or so until things become a little more rational," he said. "You can’t do that and expect to have any people left to conduct business in the future."'

-- https://archive.nytimes.com/dealbook.nytimes.com/2010/04/08/...

To me it looks like history proved him right. The largest institutions were the ones that got bailed out.


Just fyi he never said that. It was the screenwriter who based it on a quote from a book without source.

somebody has to feed the airoboros

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