aguyfromnb

14 ms·

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by aguyfromnb 7y ago
> A lot of people comparing this to 1929, * Greatest downturn since the depression doesn't imply the mechanics are the same. It's a comparison of scale. * Unlimited QE isn't free. TINSTAAFL. * The stock market is not th
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by aguyfromnb 7y ago
> Reducing the friction of finding a lawn care company to maintain your lawn for the customer and for the lawn care company What's the ongoing value? You find a lawn-mower or dog-walker you like, and cut out the middleman by payin
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by aguyfromnb 7y ago
> my first clue should have been that it’s in the department of “Social Sciences”, doh! Because judging a subject based on it's faculty classification is oh-so-scientific. Economics is a scientific study of social phenomenon; wher
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by aguyfromnb 7y ago
> Anyone who claims to know for certain what the impact will be, is a fool or a liar. Why do you need to know for certain? If you're trying to make money, or even just "get by", you look at probabilities of possible outco
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by aguyfromnb 7y ago
> That was a lesson to me: conventional wisdom about the economy, even "wisdom" from "experts" in a segment of the economy, can be wildly inaccurate. Conventional wisdom is wrong about all kinds of things, all the ti
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by aguyfromnb 7y ago
> but I have yet to meet an economist who doesn't have very strong ideas about the types of policies or interventions that are good for bad for the economy I have yet to met a person on the street who doesn't have strong opini
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by aguyfromnb 7y ago
> If the economy were knowable to the degree that some economists claim to know it, they'd all be billionaires. The number of professional economists who focus on investing, or even "the economy", is much smaller than mos
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by aguyfromnb 7y ago
> Their competitors have 10x the costs and don't get anything done on time either. SpaceX is a private company. Do you have a source for what their actual costs are for any of these projects? Musk has claimed all kinds of things r
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by aguyfromnb 7y ago
> What I love about SpaceX is that they truly take on the start-up approach of fast iteration, in complete opposite to most of their competitors. What has convinced you that this is optimal, or even "good", in either software
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by aguyfromnb 7y ago
> That's a big ask for an internet comment. So your solution is to "guess" that it didn't happen? > I didn't dismiss the article. I provided additional context that might be helpful in evaluating its claims.
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by aguyfromnb 7y ago
> more regulation will make it harder to innovate. I'm seeing prominent VCs espousing this all over social media the past few weeks. Apparently there are even some advising Jared Kushner. Don't let a good crisis go to waste.
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by aguyfromnb 7y ago
> The problem they point out is that well intentioned businesspeople who want to provide you a useful service and store your data correctly are priced out. I think pricing out the odd well-intentioned business person is a good tradeoff
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by aguyfromnb 7y ago
Why don't you do the calculation then, instead of dismissing an article/calculation based on something you're not even sure is true?
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by aguyfromnb 7y ago
The Canadian Federation of Independent Businesses estimated yesterday that 30% of small business might not survive the quarantine. I'm with you; people are underestimating the last impact of this pandemic.
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by aguyfromnb 7y ago
> They were too expensive for most people to justify attending without corporate sponsorship. I think that's mostly their point. It's a getaway "perk" for office drones. Conferences are fun to attend once a year, bu
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by aguyfromnb 7y ago
The fun part is: "Apple is updating its privacy policy for Apple Card to enable sharing more" One day it'll be even "more".
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by aguyfromnb 7y ago
> They're likely not going to go bust though; they have a fuckton of money, at worst the ships are going to be docked for a while until this blows over. Why do people get this impression a pandemic, combined with an unprecedented e
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by aguyfromnb 7y ago
> let me assure you - a simulated race car has almost nothing in common with the real experience Once again, random person on HackerNews, or the words of someone who has successfully made the leap: "Of course you feel the G-force
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by aguyfromnb 7y ago
> The big difference is that 2008 was a systemic recession. This one will likely be situational. "Systemic"; what does that even mean? That the crisis was related to the financial system? Yes, it was one type of financial cr
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by aguyfromnb 7y ago
> My expectation is that it would not happen at all. I had a 2011 Nissan, and if you went somewhere the nav system didn't recognize (like a new highway) the nav interface would freeze and reboot. Was annoying. Other than that, I&#
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by aguyfromnb 7y ago
> but also seeing people as numbers on a spreadsheet. Looking at numbers in spreadsheets is how you stay in business. > Some people are in a situation where they need work now or very soon. Then they should lower their rates until t
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by aguyfromnb 7y ago
> IT companies had been hiring like crazy based on the assumption that infinite Internet growth would require infinite resources. And then, it turned out it was all a bubble and most of the IT workforce was not needed. How are you confi
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by aguyfromnb 7y ago
> How is the post an attack? Perhaps by asserting the OP is trying to "exploit" the situation by not wanting to pay Google wage rates at their small business? I'm not sure I understand why the business owner "deserve
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by aguyfromnb 7y ago
Sincere question: Does anyone else think it's crazy that you need to know: React, node, Mongo, AWS, the Python machine learning stack, golang, a bunch of databases, microservice patterns, serverless infrastructure, Docker...to get a j
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by aguyfromnb 7y ago
> It's probably the most terrifying thing I've read since this whole thing started Now you can see why being able to print money is a feature of a modern economy, not a bug (a la Bitcoin).
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by aguyfromnb 7y ago
> The demand for USD being too great is not because the American economy is strong, but rather because there is $12 Trillion in dollar denominated debt owed by the rest of the world. Why does the rest of the world deal in dollars, and n
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by aguyfromnb 7y ago
> The inflation risk is very real. You will obviously be a very rich person by allocating your portfolio to take advantage of this massive inflation. Just like all of the people who called for massive inflation starting in 2009..
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by aguyfromnb 7y ago
> Thereby devaluing the rest of the money. What that means should be abundantly clear. Have you actually looked at where the dollar has been heading, even with all of this "money printed"? Up. Way up.
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by aguyfromnb 7y ago
The country has been in lockdown for, what, one week? And already you're talking about letting people die so you can keep your job, or committing suicide? Show a little fortitude, we will get through this.
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by aguyfromnb 7y ago
> We need a way to include "black swan readiness" Black Swans cannot be prepared for, that's what makes them Black Swans. One of the principles is: The non-computability of the probability of the consequential rare event

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