danhak

25 ms·

181.
by danhak 6y ago
> And the income tax is by far the highest, currently at 13.3% If you’re earning over $1,000,000 per year, yes. SF median income is below 100K.
182.
by danhak 6y ago
But...that’s who this article is discussing: homeowners who are listing their properties for sale in higher numbers.
183.
by danhak 6y ago
Property taxes in California are among the lowest in the nation.
184.
by danhak 6y ago
Do you see the irony of your posting a cynical, throwaway comment like this while complaining of toxicity on other platforms?
185.
by danhak 6y ago
What a bizarre and interesting turn. I'd give a lot to be able to sit in on the meetings between TikTok and Microsoft right now. I wonder if FB will come over the top with a bid.
186.
by danhak 6y ago
Correct. See, for example, this story about a man being arrested and jailed for a crime he didn’t commit because his photo was in a database: https://www.nytimes.com/2020/06/24/technology/facial-recogni.
187.
by danhak 6y ago
That it's foolish to have your genome in a database because there is no guarantee with regard to how that data may be used or misused in the future, or even who will own it.
188.
by danhak 6y ago
You can't. It's like the folks who say "just don't use Facebook." Well, that doesn't prevent other people from tagging me in photos.
189.
by danhak 6y ago
Storage, security / insurance and exchange of physical gold is not free either.
190.
by danhak 6y ago
Not everybody holds gold as a hedge against complete and utter collapse. It can be a sensible hedge against a weakening dollar, such as is currently happening.
191.
by danhak 6y ago
Which is nonsense. Hyperinflation can occur without the financial system crumbling. And in that scenario you’ll be glad you had a position in gold, even just digitally.
192.
Wrongfully Accused by an Algorithm(nytimes.com)
1 points by danhak 6y ago|0 comments
193.
by danhak 6y ago
Regarding Facebook ads: We are in the throes of a general election cycle, I'm curious how much of the slack that has been picking up. Anecdotally I am seeing tons of political ads across the internet. I am also curious if increased in
194.
by danhak 6y ago
That is the big question and I think the answer remains to be seen. Is Covid an acute crisis where we quickly bounce back to "normal," or is it the catalyst for a broader deleveraging that may have been due for several years and
195.
by danhak 6y ago
Yes, of course, I understand that. But in the middle of a recession that becomes Sophie's choice: do you raise rates to curb inflation while killing the chance of a recovery?
196.
by danhak 6y ago
The difference between this moment and 2018 or 2014 is that we are in the middle of a bona fide crisis, and we went into it with rates already near rock bottom. That leaves few options if dollar continues to weaken and inflation becomes con
197.
by danhak 6y ago
The dollar has been weakening precipitously, with the dollar index declining nearly 10% over the past few months. I’m curious to hear tomorrow how the Fed intends to address this.
198.
by danhak 6y ago
The parent seems to be implying that fed policy will continue to drive down the value of the dollar. In this scenario savers get crushed as inflation whittles away the value of cash while asset prices climb. And the “folks with little savi
199.
by danhak 6y ago
There’s just that pesky issue of having to pay a mortgage...
200.
by danhak 6y ago
Well, yeah. This is about protecting American interests not privacy. America would prefer to be the only country spying on Americans.
201.
by danhak 6y ago
Or it's not "or" but "and," with the the two feeding each other in a positive feedback loop.
202.
by danhak 6y ago
About half of the quarter under discussion.
203.
by danhak 6y ago
You realize their factory was shut down for much of this period, right? Comparing YOY quarterly figures here is very disingenuous.
204.
by danhak 6y ago
Don't know why you're getting downvoted here. The after hours moves in TWTR and TSLA (assuming they're mostly attributable to the hack) absolutely dwarf the amount collected by the hack itself. TWTR has shed about $643 milli
205.
by danhak 6y ago
Seems like a very paltry sum compared to other ways they could have capitalized on market-moving tweets.
206.
by danhak 6y ago
In a consumer-driven economy, current unemployment rates are inextricably linked to the expected future performance of large companies.
207.
by danhak 6y ago
Forgive me if I say this sounds awfully like the "new paradigm" / "this time it's different!" phase of a bubble.
208.
by danhak 6y ago
Then you concur that the market is being driven by FOMO and not low interest rates?
209.
by danhak 6y ago
This trope gets repeated over and over but it just makes no sense. Volatility is risk. What rational investor says "interest rates are too low, I MUST deploy my capital into a market that is seeing wild 30% gyrations from month to mo
210.
by danhak 6y ago
A very slight discount? As of writing, the Nasdaq is at all time high and the S&P only 5% below. All this with depression-level unemployment.

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