He wouldn’t have 90 million subscribers if he was talentless. I don’t care for “don’t rape me piggy!!!” screams, but I also think Harry Potter is about as exciting as watching paint dry. Does not mean much.
2009: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
2019: Here is a list of totally-not-banking institutions that you can send your money to to buy things. Why do we need them? Oh, it is because the technology behind crypto is so inefficient that once you apply even a modest load to it you suddenly need banking institutions or central authorities to keep the system running.
It is pretty great how you guys managed to go through the evolution of modern banking in just a decade of your existence.
The tunnel you are talking about is the Boring tunnel. It has nothing to do with the Hyperloop, which has its own pipe that they didn’t even pump the air out of. Both are literally two completely useless “prototypes” that don’t prototype anything, because the Boring doesn’t address any issues with mass transportation (it’s literally a above-average costing sewer tunnel with LEDs) and Hyperloop does not actually run in a vacuum of any sorts. At least get your story straight.
On an annual basis, he is absolutely correct. Tesla had TWO profitable quarters. That’s two periods of 90 days in which Tesla managed to just barely float above nil.
Nobody is fighting you. The company is getting subsidized up the proverbial exhaust hole and even the bloody Wall Street is valuating it like it’s already greater than the BMW.
You are not Mahatma Gandhi leading the anti-colonial movement against the government. You are a guy whose government paid for his car. Just stop it already.
That’s amazing. BoA seems to be convinced that the price cuts are a result of there being less demand. EVs will be fine; Tesla has a very good chance of going bust though:
Analysts questioned whether the $2,000 price cut on all models signaled lower demand in the United States, and ultimately whether the move would undermine nascent profitability at the Silicon Valley automaker, which has never posted an annual profit.
"In our view, this move could suggest that what many bulls assume to be a substantial backlog... for Tesla may be less robust," wrote Bank of America analyst John Murphy in a client note.
Hang on, Angelo, I am going to shift myself up a little by liquidating my 401(k) and buying a Lamborghini. *insert rofl emoji here* Congrats on completely missing the point of the last two posts, Einstein.
Don’t worry, it gets worse. You know how Amazon accounts are somewhat interoperable from country to country? An American login will work in the U.K. and some other European countries. Now try opening a Japanese account. It will reject your credentials, because your account doesn’t exist, but reject your email address during the sign-up because it is already used by a different account. You literally have to use a different address or add some dots to your current one if you are on Gmail. The international element of Amazon is by far the worst of the FAANGs. At least Apple lets me keep my purchased apps if I moved country, assuming the dev didn’t have the bright idea that their banking app should only be accessible (and thus updateable) from the U.S. store.
I don’t know, Gramps, maybe it is because it would be too expensive to set up the security architecture required for accepting cash just so you can buy your sandwich the old-fashioned way.
Doesn’t matter what it says; it’s not the position of the Treasury. You can pay off all dollar denominated debts in dollars, but a private party cannot be compelled to accept those dollars in any specific form, whether it be cash or Google Pay. They must only accept dollars, as opposed to Rubles or Euros or what have you. Refusing banknotes is perfectly within their rights as a business. Dollars are a medium of exchange, banknotes are a means of payment.
It doesn’t shift every person up the income ladder. It merely increases aggregate consumption thus reducing aggregate savings. This is not exactly a matter of dispute.
That is the issue though. It comes from savings. This is a basic investing issue.
Currently your wealth is either in real assets or in cash. As long as the latter is not used for consumption, both are used for capital investment into productivity either directly by carrying the risk yourself (stock market purchases) or indirectly by letting someone else care the risk for you (cash in a bank). Assets that are purchased on the secondary market (stock market) do not directly shift the funds into productivity improvements, but they fuel the larger financial economy that enables the primary market (issue of new stock) to function in the first place.
Now in comes the basic income and you take away the money from the richer people to give it to the poor. The only money you can take away is that which is already not being consumed, thus money currently going into productivity improvements. It doesn’t even matter if the money comes from a middle class server farm guy or Trump’s third nephew, because the effect on the macroeconomic allocation of capital is the same. You are not feeding the poor at the cost of some rich asshole buying a new yacht, that’s an absolutely minuscule part of an UHNWI’s cash flows, you are feeding the poor at the cost of a new factory or laboratory not being built. There’s no amount of goody two shoes hand waving that can eradicate this simple fact.
It must be awful to have a company that makes you richer through no improvements on your own part and has the audacity to ask for a cut. Awful! 2019 is the year of Linux maize.
Slashdot Mirror
He wouldn’t have 90 million subscribers if he was talentless. I don’t care for “don’t rape me piggy!!!” screams, but I also think Harry Potter is about as exciting as watching paint dry. Does not mean much.
2019 Nissan Executive - confiscated by the police indefinitely. Had to get a new one in the meantime.
You got to love the cryptocurrency guys.
2009: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
2019: Here is a list of totally-not-banking institutions that you can send your money to to buy things. Why do we need them? Oh, it is because the technology behind crypto is so inefficient that once you apply even a modest load to it you suddenly need banking institutions or central authorities to keep the system running.
It is pretty great how you guys managed to go through the evolution of modern banking in just a decade of your existence.
It’s not “his” money, Einstein.
The shorts have also lost a lot of money in 2005 and 2006. It is a long minor downside followed by a major upside business.
Spending more than twice your budget on a car is pretty dumb though. It’s like Bitcoiners with their lambo dreams.
The tunnel you are talking about is the Boring tunnel. It has nothing to do with the Hyperloop, which has its own pipe that they didn’t even pump the air out of. Both are literally two completely useless “prototypes” that don’t prototype anything, because the Boring doesn’t address any issues with mass transportation (it’s literally a above-average costing sewer tunnel with LEDs) and Hyperloop does not actually run in a vacuum of any sorts. At least get your story straight.
A salary payment being delayed vs. dying in a collapsing skyscraper. Totally comparable.
I like Ubisoft a lot more now than I did an hour ago.
That’s such utter bullshit. What, they can’t get a short-term loan during an economic boom? Give me a break.
I see a man of culture. You like your catgirls like you like your wine, do you?
On an annual basis, he is absolutely correct. Tesla had TWO profitable quarters. That’s two periods of 90 days in which Tesla managed to just barely float above nil.
As did Enron and later Microsoft. This is a completely inefficient way of running a company. This is Business School 101.
Nobody is fighting you. The company is getting subsidized up the proverbial exhaust hole and even the bloody Wall Street is valuating it like it’s already greater than the BMW.
You are not Mahatma Gandhi leading the anti-colonial movement against the government. You are a guy whose government paid for his car. Just stop it already.
What next? Self-driving elevators?
Escalators are the new frontier.
That’s amazing. BoA seems to be convinced that the price cuts are a result of there being less demand. EVs will be fine; Tesla has a very good chance of going bust though:
... for Tesla may be less robust," wrote Bank of America analyst John Murphy in a client note.
Analysts questioned whether the $2,000 price cut on all models signaled lower demand in the United States, and ultimately whether the move would undermine nascent profitability at the Silicon Valley automaker, which has never posted an annual profit.
"In our view, this move could suggest that what many bulls assume to be a substantial backlog
Hang on, Angelo, I am going to shift myself up a little by liquidating my 401(k) and buying a Lamborghini. *insert rofl emoji here* Congrats on completely missing the point of the last two posts, Einstein.
Don’t worry, it gets worse. You know how Amazon accounts are somewhat interoperable from country to country? An American login will work in the U.K. and some other European countries. Now try opening a Japanese account. It will reject your credentials, because your account doesn’t exist, but reject your email address during the sign-up because it is already used by a different account. You literally have to use a different address or add some dots to your current one if you are on Gmail. The international element of Amazon is by far the worst of the FAANGs. At least Apple lets me keep my purchased apps if I moved country, assuming the dev didn’t have the bright idea that their banking app should only be accessible (and thus updateable) from the U.S. store.
I don’t know, Gramps, maybe it is because it would be too expensive to set up the security architecture required for accepting cash just so you can buy your sandwich the old-fashioned way.
Doesn’t matter what it says; it’s not the position of the Treasury. You can pay off all dollar denominated debts in dollars, but a private party cannot be compelled to accept those dollars in any specific form, whether it be cash or Google Pay. They must only accept dollars, as opposed to Rubles or Euros or what have you. Refusing banknotes is perfectly within their rights as a business. Dollars are a medium of exchange, banknotes are a means of payment.
https://www.jstor.org/stable/4...
https://www.treasury.gov/resou...
It doesn’t shift every person up the income ladder. It merely increases aggregate consumption thus reducing aggregate savings. This is not exactly a matter of dispute.
That is the issue though. It comes from savings. This is a basic investing issue.
Currently your wealth is either in real assets or in cash. As long as the latter is not used for consumption, both are used for capital investment into productivity either directly by carrying the risk yourself (stock market purchases) or indirectly by letting someone else care the risk for you (cash in a bank). Assets that are purchased on the secondary market (stock market) do not directly shift the funds into productivity improvements, but they fuel the larger financial economy that enables the primary market (issue of new stock) to function in the first place.
Now in comes the basic income and you take away the money from the richer people to give it to the poor. The only money you can take away is that which is already not being consumed, thus money currently going into productivity improvements. It doesn’t even matter if the money comes from a middle class server farm guy or Trump’s third nephew, because the effect on the macroeconomic allocation of capital is the same. You are not feeding the poor at the cost of some rich asshole buying a new yacht, that’s an absolutely minuscule part of an UHNWI’s cash flows, you are feeding the poor at the cost of a new factory or laboratory not being built. There’s no amount of goody two shoes hand waving that can eradicate this simple fact.
Absolutely. Credit cards vs. debit cards without additional fees is an equally good comparison.
Doesn’t matter if they have to buy new seeds every year. Your employer doesn’t need to reinstall Microsoft Office every year either.
It must be awful to have a company that makes you richer through no improvements on your own part and has the audacity to ask for a cut. Awful! 2019 is the year of Linux maize.