hogFeast

27 ms·

211.
by hogFeast 5y ago
Reducing his analysis to MMT, as some here are doing, suggests that you don't know about Tooze's area of study. His magnum opus, probably one of the greatest books in modern economic history, looked at precisely these questions of
212.
by hogFeast 5y ago
And, ironically, that period of financial capitalism was felled by massive growth of govt debt...
213.
by hogFeast 5y ago
It gets nowhere near as hot or as cold as most of the US. It is like most northern European coastal countries...maybe negative temperatures in winter, maybe 29 degrees on the hottest day in summer...the only months where the weather is real
214.
by hogFeast 5y ago
It is also a tax haven, its healthcare system is one of the closest to the US in Europe (to mention something that people in the US are constantly banging on about), and has succeeded by totally opening it's economy to world trade (Net
215.
by hogFeast 5y ago
Saying that Facebook has an impenetrable competitive position when they aren't even the dominant social network for young people anymore, and haven't been for years. They made a good deal with Instagram but that hasn't stoppe
216.
by hogFeast 5y ago
The people doing it do not trade themselves. And the SEC does not have a list of all current and former employees of the company (only certain officers have to actually report with the SEC). People who do this are not idiots...most of them
217.
by hogFeast 5y ago
So they were profitable...discounting all the times they lost money.
218.
by hogFeast 5y ago
The govt bailed them out last year.
219.
by hogFeast 5y ago
Yes, I wondered if anyone was going to point that out. The lowest rate of personal income tax is relatively high, extremely low income tax threshold, sales tax is 25%. Compare this to the US where close to a majority of the population doesn
220.
by hogFeast 5y ago
"12.5%"...there is relatively little evidence that tech companies are paying anything close to this rate (yes, after the loopholes were closed...still plenty of loopholes left).
221.
by hogFeast 5y ago
I interviewed at somewhere that iZettle acqui-hired...salary terrible, no benefits, next-level bad interview process (they had someone from HR doing technical interviews, I asked why, the HR person actually said they didn't know). Almo
222.
by hogFeast 5y ago
Dublin doesn't have more people working in software than London. It isn't even close. I have seen estimates which suggest the total tech industry employment in Ireland, not Dublin the whole country, is something like 100k. London
223.
by hogFeast 5y ago
No. You don't have a "job" if you work for most of these companies. You are self-employed.
224.
by hogFeast 5y ago
You don't appear to connect some people having no choice with their lack of choice being exploited. The issue with people discriminated against is discrimination. The solution is not devising some totally new form of employment that ha
225.
by hogFeast 5y ago
Correct. In 1957 or 58 (I can't remember which), the Fed increased interest rates to remove excess out of the economy. Economy went into a fairly mild recession. The Fed gets blamed for causing the recession (the Fed Chair at the time
226.
by hogFeast 5y ago
Right, that is exactly the wrong thing to take from it, that is exactly the kind of misinterpretation of history that people still have (generally speaking, you cannot view history in terms of the present, economists think you can do it bec
227.
by hogFeast 5y ago
You can get the Fed minutes (iirc) back to the 80s on the main website. To get earlier ones (they go back all the way iirc), you can get them from ALFRED (there is tons of interesting data on there).
228.
by hogFeast 5y ago
You don't understand...there are thousands of books on this period (for some reason, only one of the books you mention are about this period...Mackay was written several decades before the 20s, Chancellor is a general history, Lefevre
229.
by hogFeast 5y ago
What is the difference? The reason why it is alarming is because there is no political separation. It doesn't really matter which way it goes. This happened in the 70s. Nixon politicized the role with Burns (who came from the CEA), the
230.
by hogFeast 5y ago
There is already a book that does this (although I would definitely recommend doing what you are doing): Russell Napier's Anatomy of the Bear. Tangentially, it is kind of interesting that very few people in markets use this kind of his
231.
by hogFeast 5y ago
Tesla warranty for 100-150k (depending on model). There is so much misinformation about Tesla it is unreal (and not really worth arguing about, just crazy stuff like: Teslas will appreciate in value).
232.
by hogFeast 5y ago
Average for a new car. A lot of people can't drive at all. A lot of people buy used cars. It is funny because I find it hard to imagine a wealthy person in my own country not being aware of this...in the US, the wealthy seem to live on
233.
by hogFeast 5y ago
No, I am not. I didn't mention a flow. You seem to be assuming I said something I did not. The battery has a life of ~120k miles, constructing the battery (and often, but not always, the electricity used to charge it) is so polluting t
234.
by hogFeast 5y ago
Reasonable numbers...if you can afford it. Saying $40k is "reasonable" depends on how much you earn. That is 20-25% more than US median annual gross income...it is a lot of money. Also, most people who are unable to buy this kind
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by hogFeast 5y ago
Wait until the author finds out how the batteries are made. EDIT: just to be clear, I am not a "climate change denier"...although always interested to have lots of random people attempt to diagnose me. I worked in equity research,
236.
by hogFeast 5y ago
Right, but these are small companies that offer no other services. In both cases, they just offer VMs. Game streaming is a VM. I am not talking about Microsoft and Google. I know a guy who runs one of these companies: they offer VMs for gam
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by hogFeast 5y ago
I am not talking Microsoft or Google. There are lots of smaller companies that provide this service. Your point about game streaming being like a search engine is nonsensical.
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by hogFeast 5y ago
It isn't. Some of the companies that do the latter are also doing the former.
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by hogFeast 5y ago
This isn't the case. People read about salaries in the UK, and they are usually referring to one of the big tech cities. In reality, most tech jobs are the small web-shops or big-name consultancy sweatshops (one particular example is E
240.
by hogFeast 5y ago
Why would you short them? That sounds like a terrible trade. I am not sure why they would have to be "American" either. Hawkish??? The ECB? They own 50% of the govt bond market. They have been throwing literally trillions at banks

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