The author has a fundamental disregard for the actual underlying causes of the current economic crisis - the housing bubble. It cannot be that housing prices inflate over 300% (yes THREE HUNDRED PERCENT) in a mere ten years, while real inflation adjusted income remains the same. Sub-prime mortgages don't exist because there's a new generation of people out there who suddenly decided to default on their loans. They exist simply because no one can afford a house anymore.
Whoever you want to blame: "greedy" banks who made "irresponsible" loans (yeah, who ELSE were they going to loan the money to? There were no more buyers able to afford homes at those prices), the Fed for continuing to mismanage monetary policy (but the Federal Reserve has a history of doing this, dating back to its inception in the early 20th century), or creative accountants who tried as hard as they could to hide the shortcomings in these new "structured investment vehicles", the driving force behind today's (and tomorrow's!) economic woes is the pop of the biggest housing bubble in history.
The interesting thing is that the government has opted to print money to try to "save" the financial system and keep housing prices artificially inflated - as if anyone cares. The only person who cares about the price of their home is the person who wants to sell it. If you wanted to buy a house this year and sell it in 2 years for near 100% profit, well, welcome back to the real world again. This move on the part of the government will soon result in a collapse of the dollar.
But I was laughed at by some in July when the market was close to what many thought was a "market bottom" for saying the stock market was going to plunge lower. Guess what folks - we're still not at the bottom, despite being very near post-dot com bust lows. As a trader I watched the Dow drop 700 points in 5 minutes on Friday, only to bounce back positive, and then plunge again. This kind of volatility is NOT indicative of a bottom, it's indicative of a move to NEW lows. Housing prices should (if past bubbles are any guide) drop around 50%, which means they still have another 30% to go. Government interference in this correction will only serve to bankrupt an already insolvent US government, and destroy the US dollar's desirability on world markets.
The only people who are to blame are the greedy individuals who thought that the path to riches lay in buying real estate and "flipping" it a year or two later, with minor renovations - as well as a monetary system that is designed to spend today and pay tomorrow.
Apple's stock price went vertical, losing 9% before Apple stepped in and denied the rumor
Apple stock has been declining for several months now from around $180/share in May. There was nothing unusual in Friday's price movement when compared to the previous two trading days. On Oct 3rd AAPL traded between $98.20 and $106.40 per share, with a daily volume of 12.512M shares traded. On Oct 4th the range was between $95.30 and $102.33, with a volume of 12.739M shares, and Friday it traded between 95.43 and 101.23, and the volume was lighter - with only 11.4M shares traded. This is consistent with the downtrend for the previous 5 months. If you want to buy Apple stock at this point, feel free to become a long term investor.
Although it's understandable that Apple would strive to correct rumors about the health of their founder and CEO as soon as possible, these rumors were NOT the cause of the long term down-trend in Apple stock since May's highs, nor were they the cause of volatility that is completely in line with today's market conditions - especially when you compare the price movement in the stock with Friday's S&P 500 index, they line up almost perfectly with the general sell-off in the whole market that happened immediately after the vote on the financial relief package. People tend to buy the rumor and sell the news. This is nothing special.
I'm sure a handful of bloggers would love to think that they can move the entire stock market, or even a single highly traded stock, so easily, however we traders quickly learn that the market is smarter than all of us, and as the US government is about to find out, it also has more money than any of us, no matter how rich we are.
So Vista sucks because your father (who must be what? 60? 70?) can't install a printer driver?
Yeah, my father, who worked for IBM, who programmed mainframes to do accounting and payroll for companies with thousands of employees (think GM, etc), who has had every imaginable kind of PC since the 70's. He can't install a printer driver for his HP All-in-one. So your point was? Not every 60 year old is computer illiterate.
A video or two from RedTube should fix THAT. Then, once you have their UNDIVIDED attention, point out that what you do makes it possible to see this kind of stuff from any internet capable machine on the planet.
Vista is a piece of crap and official Microsoft policy is to deny it, of course. Can't speak badly about the company after all, can we?
I use XP. My daughter bought a new laptop and hates Vista. My dad bought a new laptop and after 2 weeks STILL can't install a printer driver - the Microsoft website is a maze of recursive links that never actually provide useful info. Not to mention all the nagging Vista does. So what incentive do *I* have to switch? I'm happy with my dual boot Ubuntu/XP computers, there the operating system does its job and doesn't try to get in my way.
Companies that deserve to tank deserve to be tank. There's no special god-given "right" to profitability. Oh it's a shame when people lose their jobs, and god knows I've lost enough money these past months on certain banks that have tanked, but this protectionism only encourages a sloppy attitude in a company insomuch as they feel they don't have to work anymore, they've "arrived", and now the "system" will protect them from anything.
Oh government, please bail us out because we've scammed our shareholders with creative accounting and billions of dollars worth of assets we've had on the books and borrowed money against aren't actually worth anything. Oh government, please hush up our "trade secrets" because our code is so simple even a 4 year old could reproduce it/any grandmother could debug it and point out how bad it is.
Businesses existed and were successful before the lawyers started bouncing around the concept of "intellectual property". It was about being first, being fastest, producing more product or higher quality, and actually competing. Coke has their "secret formula" - but that never stopped Pepsi or any other "cola" variety from existing. But people buy more Coke because of the marketing, not the "secret" formula. All intellectual property does is make money for lawyers. I suppose I should be thankful that every IP lawyer is one less ambulance chaser...
The deep ocean trenches may be deep enough to simply liquefy the CO2 so it simply pools on the bottom.
If I remember my basic chemistry, liquid CO2 is pretty damned hard to come across. Exactly at what temperature and pressure are you planning to store this stuff again?
The article mentions that a strong whirlpool is created near the center of the structure. Would it be possible to harness this energy to generate electricity?
And hey presto, another perpetual motion device is born....
Seems to me there are an awful lot of bans, confiscations, laws, rules and regulations in "the land of the free".
I figure if you're dumb enough to get a loan at 25%+, you deserve to lose your money. Conversely if you're willing to lose your entire principal once in a while by making loans to people with poor/no credit, the 25%+ interest rate reflects this risk.
But will someone please think of the meth addicts?
No, but the cost of sifting through that information is almost negligible nowadays, with our computers and even voice analysis software. Far more efficient than filing cabinets and typewriters.
the DOJ(Department of Jerkoffs) will extract your DNA from your ear-grease you left all over the faceplate.
Gloves, plastic bags, tape, hands free system (which you dispose of seperately). No such thing as too careful. Of course a real serial killer can still live without a telephone for a few hours. It's part of the sacrifices of the job.
Slashdot Mirror
The author has a fundamental disregard for the actual underlying causes of the current economic crisis - the housing bubble. It cannot be that housing prices inflate over 300% (yes THREE HUNDRED PERCENT) in a mere ten years, while real inflation adjusted income remains the same. Sub-prime mortgages don't exist because there's a new generation of people out there who suddenly decided to default on their loans. They exist simply because no one can afford a house anymore.
Whoever you want to blame: "greedy" banks who made "irresponsible" loans (yeah, who ELSE were they going to loan the money to? There were no more buyers able to afford homes at those prices), the Fed for continuing to mismanage monetary policy (but the Federal Reserve has a history of doing this, dating back to its inception in the early 20th century), or creative accountants who tried as hard as they could to hide the shortcomings in these new "structured investment vehicles", the driving force behind today's (and tomorrow's!) economic woes is the pop of the biggest housing bubble in history.
The interesting thing is that the government has opted to print money to try to "save" the financial system and keep housing prices artificially inflated - as if anyone cares. The only person who cares about the price of their home is the person who wants to sell it. If you wanted to buy a house this year and sell it in 2 years for near 100% profit, well, welcome back to the real world again. This move on the part of the government will soon result in a collapse of the dollar.
But I was laughed at by some in July when the market was close to what many thought was a "market bottom" for saying the stock market was going to plunge lower. Guess what folks - we're still not at the bottom, despite being very near post-dot com bust lows. As a trader I watched the Dow drop 700 points in 5 minutes on Friday, only to bounce back positive, and then plunge again. This kind of volatility is NOT indicative of a bottom, it's indicative of a move to NEW lows. Housing prices should (if past bubbles are any guide) drop around 50%, which means they still have another 30% to go. Government interference in this correction will only serve to bankrupt an already insolvent US government, and destroy the US dollar's desirability on world markets.
The only people who are to blame are the greedy individuals who thought that the path to riches lay in buying real estate and "flipping" it a year or two later, with minor renovations - as well as a monetary system that is designed to spend today and pay tomorrow.
Apple's stock price went vertical, losing 9% before Apple stepped in and denied the rumor
Apple stock has been declining for several months now from around $180/share in May. There was nothing unusual in Friday's price movement when compared to the previous two trading days. On Oct 3rd AAPL traded between $98.20 and $106.40 per share, with a daily volume of 12.512M shares traded. On Oct 4th the range was between $95.30 and $102.33, with a volume of 12.739M shares, and Friday it traded between 95.43 and 101.23, and the volume was lighter - with only 11.4M shares traded. This is consistent with the downtrend for the previous 5 months. If you want to buy Apple stock at this point, feel free to become a long term investor.
Although it's understandable that Apple would strive to correct rumors about the health of their founder and CEO as soon as possible, these rumors were NOT the cause of the long term down-trend in Apple stock since May's highs, nor were they the cause of volatility that is completely in line with today's market conditions - especially when you compare the price movement in the stock with Friday's S&P 500 index, they line up almost perfectly with the general sell-off in the whole market that happened immediately after the vote on the financial relief package. People tend to buy the rumor and sell the news. This is nothing special.
I'm sure a handful of bloggers would love to think that they can move the entire stock market, or even a single highly traded stock, so easily, however we traders quickly learn that the market is smarter than all of us, and as the US government is about to find out, it also has more money than any of us, no matter how rich we are.
So Vista sucks because your father (who must be what? 60? 70?) can't install a printer driver?
Yeah, my father, who worked for IBM, who programmed mainframes to do accounting and payroll for companies with thousands of employees (think GM, etc), who has had every imaginable kind of PC since the 70's. He can't install a printer driver for his HP All-in-one. So your point was? Not every 60 year old is computer illiterate.
their attention span is like 30 seconds.
A video or two from RedTube should fix THAT. Then, once you have their UNDIVIDED attention, point out that what you do makes it possible to see this kind of stuff from any internet capable machine on the planet.
Vista is a piece of crap and official Microsoft policy is to deny it, of course. Can't speak badly about the company after all, can we?
I use XP. My daughter bought a new laptop and hates Vista. My dad bought a new laptop and after 2 weeks STILL can't install a printer driver - the Microsoft website is a maze of recursive links that never actually provide useful info. Not to mention all the nagging Vista does. So what incentive do *I* have to switch? I'm happy with my dual boot Ubuntu/XP computers, there the operating system does its job and doesn't try to get in my way.
Companies that deserve to tank deserve to be tank. There's no special god-given "right" to profitability. Oh it's a shame when people lose their jobs, and god knows I've lost enough money these past months on certain banks that have tanked, but this protectionism only encourages a sloppy attitude in a company insomuch as they feel they don't have to work anymore, they've "arrived", and now the "system" will protect them from anything.
Oh government, please bail us out because we've scammed our shareholders with creative accounting and billions of dollars worth of assets we've had on the books and borrowed money against aren't actually worth anything. Oh government, please hush up our "trade secrets" because our code is so simple even a 4 year old could reproduce it/any grandmother could debug it and point out how bad it is.
Businesses existed and were successful before the lawyers started bouncing around the concept of "intellectual property". It was about being first, being fastest, producing more product or higher quality, and actually competing. Coke has their "secret formula" - but that never stopped Pepsi or any other "cola" variety from existing. But people buy more Coke because of the marketing, not the "secret" formula. All intellectual property does is make money for lawyers. I suppose I should be thankful that every IP lawyer is one less ambulance chaser...
Its because Sequoia will be claiming trade secrets based on their proprietary code.
Yeah, it's a voting machine - how hard can it be? Oh I forgot. It takes some really creative code to not even be able to tally votes properly.
eve is fun as hell single player/solo but no one at that company has a clue how to scale their tech.
Seconded, and it's why I don't play EVE anymore.
And ... How would you propose that we call that entire continent ?
India?
Hey, it worked before...
The deep ocean trenches may be deep enough to simply liquefy the CO2 so it simply pools on the bottom.
If I remember my basic chemistry, liquid CO2 is pretty damned hard to come across. Exactly at what temperature and pressure are you planning to store this stuff again?
I think you missed the 15,000 years part. As far as I know, the human race wasn't driving back then.
The article mentions that a strong whirlpool is created near the center of the structure. Would it be possible to harness this energy to generate electricity?
And hey presto, another perpetual motion device is born....
Dimwit.
Computer science enrollments crashed after the dot-com bust as students turned to hedge fund majors.
And we see how well THAT turned out. Hopefully they will stay unemployed now.
Is the world actually getting better?
It was, until my email address was seized by the state of Kentucky...
No one is forcing you to not pay the loan back, or take the loan in the first place. Caveat emptor.
I thought the greatest science fiction endeavor of all was actually getting a girlfriend!
have out-and-out banned the industry altogether
Seems to me there are an awful lot of bans, confiscations, laws, rules and regulations in "the land of the free".
I figure if you're dumb enough to get a loan at 25%+, you deserve to lose your money. Conversely if you're willing to lose your entire principal once in a while by making loans to people with poor/no credit, the 25%+ interest rate reflects this risk.
But will someone please think of the meth addicts?
If you're a believer in free-market economics, markets are NEVER a problem. The problem is people who think there's a problem with markets.
Nah, the commander in chief doesn't have the ability to think anyway.
well, I guess we can't really blame everything on them.
Nah, we have George Bush for THAT.
Has 2.0 deeper pockets?
No, but the cost of sifting through that information is almost negligible nowadays, with our computers and even voice analysis software. Far more efficient than filing cabinets and typewriters.
and/or goatse...
The predator obviously WAS thinking of the children....
oops?
In Soviet Russia, Jonathan Zdiarski's you!
the DOJ(Department of Jerkoffs) will extract your DNA from your ear-grease you left all over the faceplate.
Gloves, plastic bags, tape, hands free system (which you dispose of seperately). No such thing as too careful. Of course a real serial killer can still live without a telephone for a few hours. It's part of the sacrifices of the job.