aguyfromnb

15 ms·

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by aguyfromnb 7y ago
> If he's not crucified by his base for letting the disease go rampant For his small part in this, it was mismanaged, certainly. But if you think that the reason Covid-19 is spreading is because "Trump let it happen", yo
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by aguyfromnb 7y ago
> He'll gladly bail out any company that supports his reelection, and play tough guy to any company that doesn't. A more generous reading of this strategy is that Trump will do what the people want. I fail to see how that&#x2
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by aguyfromnb 7y ago
> I really wonder what would happen if we didn't save the airlines. I don't think the argument is about whether we should bail the airlines out; it's about how we should bail them out. Handing them $60B and saying, &q
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by aguyfromnb 7y ago
> But what's the point? By claiming moral high ground the argument goes nowhere. The point is that, apparently, you think "meddling in a Civil War" and harvesting organs from prisoners are morally equivalent. I'm not
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by aguyfromnb 7y ago
> Silver and gold has fixed supplies, unlike fiat currencies. It can be counterfeited or debased. Will you carry around a scale and testing supplies?
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by aguyfromnb 7y ago
> Basically I'm preparing for a global depression There's certainly nothing wrong with being prepared. However, the idea that our institutions crumple but your hard currency coins are safe is naive at best. In such a scenario
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by aguyfromnb 7y ago
Exactly. The Fed and government have been trying for over a decade to generate some inflation and decrease the value of the dollar. It's proven nigh impossible, because the American economy is, relatively, too strong, and the deman
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by aguyfromnb 7y ago
> focuses more on the characters personal problems and whether or not they get married/divorced/sleep with each other. This is an unfair summary. There might be a divorce (does no one in the tech world get divorced?), and a
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by aguyfromnb 7y ago
> The reason that this comes up so often is that HN is a much larger and more diverse community than it seems. I agree with what you're saying, and appreciate the point, but there's a practical basis to the frustration as well
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by aguyfromnb 7y ago
> I take it that you consider moderation in the thread as an attempt at appeasement of the Chinese government? There's some god-awful xenophobic comments in this thread, for sure. [snip for guidelines] But it's no secret that
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by aguyfromnb 7y ago
His name is Dan Gackle, hence dan g: https://www.newyorker.com/news/letter-from-silicon-valley/th...
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by aguyfromnb 7y ago
> Unbelievable that people are still not only buying the numbers but downvoting too. Much of Silicon Valley (and the coastal elite, in general) is in the pocket of the CCP. Is normal. People will literally refer to Trump as a tyrant or
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by aguyfromnb 7y ago
> They're hoping more will buy in so they can dump at a higher price. We're seeing, right in this moment, why the ability to increase the supply of currency is a necessity for a functioning economy, especially in times of cris
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by aguyfromnb 7y ago
> Where are you getting this "hundreds of thousands more people infected than you have ventilators" idea? Where are you getting the idea that we should trust any data coming out of China? South Korea, Italy? Sure.
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by aguyfromnb 7y ago
> It's not just guessing You're right, there's a lot of research that goes into the forecasts. What I meant was the results are no better than guessing. > They would have likely been right I would have likely been ri
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by aguyfromnb 7y ago
> As soon as it's safe, people will very quickly start working and consuming again. Your premise is at fault ("this is about buying goods"). The virus is a catalyst, not a cause. Do you know if the Chinese economy will
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by aguyfromnb 7y ago
> you're taking it out of context You claimed the the GFC and dotcom bust "revealed fundamental problems in the marketplace" , but "In this case...the primary mechanism is "people can't work/aren&#x2
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by aguyfromnb 7y ago
> Goldman Sachs already said they expect a further drop of 20%. Of course, this is just the beginning. In November, Goldman Sachs was calling for 3.5% Global GDP growth. They are guessing, like the rest of us.
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by aguyfromnb 7y ago
> Full disclosure: I've been short term short the market for the last three weeks You hit the exact peak of the market before deciding to short? Wow. Can you share with us your prognostications on just how "short-term"
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by aguyfromnb 7y ago
> That's absolutely going to "go back to the way things were" China printed money in the past 10 years on a scale we've never before seen in history (300% Debt-to-GDP). They remain in a trade war with the US, are be
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by aguyfromnb 7y ago
> They better not do something stupid like close the airports I need to visit family beginning in April. "They better not do something for the greater good that affects me personally!"
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by aguyfromnb 7y ago
Has Tesla closed down Fremont yet? Nope, still pumping out propaganda that they're "ahead of schedule" and want employees to work on their days off to deliver cars: https://www.cnbc.com/2020/03/16&#x
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by aguyfromnb 7y ago
> Too little too late. I agree. Our government didn't take any apparent action up to this point, except express platitudes of "business as usual". Why not overreact early and buy some time to get sorted? How do people w
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by aguyfromnb 7y ago
> Stock prices are supposed to include estimates of all futures earnings of a company, discounted for distance in the future, right? In theory. But there are hedge fund managers who go on CNBC everyday with "models" based on
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by aguyfromnb 7y ago
> How would fiscal stimulus help a market that is seizing up due to reducing supply side (factories close) and reducing demand side (pubs to be closed, airlines crashing because of border closures, & more) and a disease that is likel
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by aguyfromnb 7y ago
> Did you watch the address Wednesday night? And how many critical points had to be corrected afterward? Yes. Sounds like the system is working as intended. Do you understand the pace at which things are happening right now (much of it
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by aguyfromnb 7y ago
Last time I was reprimanded for making this point on these forums, but I'll say it again: If you think a guy with a 40+ year career in the cut-throat New York real estate world, then in in media and entertainment world, culminating in
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by aguyfromnb 7y ago
> Whataboutism at its finest. Your comment was, literally, "what about noisy motorbikes".
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by aguyfromnb 7y ago
> Why does a rich guy's wish for a "cool sound" in his sports car justify being a nuisance to other people? I'm not a rich guy, and I don't find it to be a nuisance in most circumstances; I appreciate the sound
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by aguyfromnb 7y ago
> inject 1.5t" by that do they mean a 1.5t panic bailout for wall street? Banking clients are demanding more liquid assets (ie cash) than banks have access to, so they are swapping treasuries for cash from the Fed. It's not li

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