Investing General Discussion
- Thread starter Furious
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TJT
Mr. Poopybutthole
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Aldarion
Egg Nazi
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And remember, the experts assure us it'd be very bad for consumers if the prices went down! Always trust the experts.
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Gravel
Mr. Poopybutthole
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The money supply contracting doesn't mean we have deflation.
The money supply takes time to multiply within the economy. And when you increase it as much as we did, it's going to take a very, very long time for that to sort out.
On the flip side, there could be an argument that all that money supply increase just accumulated at the top and the "economy" didn't even see the bulk of it. I'm not sure I really buy that though as you would've seen assets increase significantly more than they did. A 20% increase in the stock market and 50% increase in house prices doesn't really account for increasing the money supply by 10x.
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PPE loans to anyone well-connected with their financial institutions. Childcare Tax Credits. Extended Unemployment. Not Going Out Much. All that happened in 2020 and 2021, and did get injected into the regular 'Mainstreet' economy. A ton of small businesses around here took the PPE money and then just closed, I'm sure it's the same elsewhere.
Add to that no student loan payments for 3+ years, and yes, that's a lot of extra pocket money in the regular economy.
That's all gone or severely curtailed, combined with increases in housing costs over the past 2 years. The deflationary pressures are already inside the house. And your 10x number about the money supply is completely pulled out of your ass.
Blazin
Creative Title
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Blazin
Creative Title
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IWM hit 200d resistance and pulled back some. Bulls want to see this this charge up for another run that gets on top. Problem I'm seeing with this set up is if the general market has rested enough for this move to happen.
SPY can make one more leg up and get into the other 70 RSI range on the daily. This feels like the play, each leg in the staircase the risk/reward starts getting skewed a little. Think I'm going to position for this but with maybe a little less gusto.
SPY can make one more leg up and get into the other 70 RSI range on the daily. This feels like the play, each leg in the staircase the risk/reward starts getting skewed a little. Think I'm going to position for this but with maybe a little less gusto.
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Blazin
Creative Title
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Tmac
Adventurer
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OpenAI says Sam Altman exiting as CEO because 'board no longer has confidence' in ability to lead
OpenAI's board of directors said Friday that Sam Altman will step down as CEO and will be replaced by chief technology officer Mira Murati.
Wow, big if true.
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Palum
what Suineg set it to
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OpenAI says Sam Altman exiting as CEO because 'board no longer has confidence' in ability to lead
OpenAI's board of directors said Friday that Sam Altman will step down as CEO and will be replaced by chief technology officer Mira Murati.www.cnbc.com
Wow, big if true.
Makes sense, only so many CEOs can get away with saying they are creating God. Eventually normal people just want to make money with the product.
Arden
Blackwing Lair Raider
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Don't know a ton about the guy, but his crypto project is pretty... out there.
worldcoin.org
It's got some features that would make me hesitate to invest, despite the name recognition and record he brings to the project. And if I am hesitant to invest in it... well, no one is going to call me risk-averse, put it like that.
For every human
Building the world's largest identity and financial public utility, giving ownership to everyone.
worldcoin.org
It's got some features that would make me hesitate to invest, despite the name recognition and record he brings to the project. And if I am hesitant to invest in it... well, no one is going to call me risk-averse, put it like that.
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It's gotta be one or more of the following:
1) Went nuts and really did think he was building/talking to god
2) Some sex shenanigans
3) Microsoft sprung some plan for control and convinced the board to oust him
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Next time someone claims the government/_____ party spends too much money on ________-other-thing-thats-not-war:
www.zerohedge.com
Pentagon Fails To Account For Over $3 Trillion For 6th Year In A Row | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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Gravel
Mr. Poopybutthole
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As someone who worked in government contracts for almost a decade, I'm still baffled by that. I remember when the first audit came up. All of our property was accounted for across the base. I honestly can't wrap my head around it.
Everything was serialized, and/or had a government representative who had to sign off on purchases.
And this was at an R&D base where nearly everything could be conceivably off the books because it's not subject to the entire procurement timeline.
Then again, my time at Duke, where the funding was NIH and NIAID mostly, was a shit show. Heard plenty about things like doctors who had doctor spouses on their contract just getting giant kickbacks, or bullshit conferences that were essentially just vacations.
Everything was serialized, and/or had a government representative who had to sign off on purchases.
And this was at an R&D base where nearly everything could be conceivably off the books because it's not subject to the entire procurement timeline.
Then again, my time at Duke, where the funding was NIH and NIAID mostly, was a shit show. Heard plenty about things like doctors who had doctor spouses on their contract just getting giant kickbacks, or bullshit conferences that were essentially just vacations.
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My wife runs a data science/ML/AI department and said the industry scuttlebutt is that Altman was pushing to slow down, open up some of the data and tech, and work on security/safety concerns. The board told him to fuck off and want to monetize and scale everything fast and hard.