icu

33 ms·

211.
by icu 8y ago
I'm sorry for the destruction of wealth on one side, but the traders on the other side made a killing. What happened here is fat tail risk that is always present in the market.
212.
by icu 8y ago
I know what you mean, but like the poster, I have an aversion for all the hustle BS advice that I think is toxic. I'm curious to find out what part of my advice can be considered 'exactly the kind of stuff the OP was complaining
213.
by icu 8y ago
Kind of... Simon Sinek distilled what I already knew to be true, and what I live as I work towards a company that "looks after people". The rest is from hard won wisdom AKA (temporary) failure.
214.
by icu 8y ago
Absolutely not a troll, this is my honest and sincere advice to someone who seems to be reaching for something just beyond their grasp.
215.
by icu 8y ago
My encouragement for you to start a business is this, 'become unstoppable'. How you become unstoppable is finding your 'why' for doing it. I think this is the hardest part... and more important than finding 'a bus
216.
by icu 8y ago
1. Don't have any debt whatsoever. 2. Diversify income streams. 3. Have 6 months' worth of expenses in liquid savings. 4. Build a solid neighbourhood/local community.
217.
by icu 8y ago
Having moved countries, and lock-out regions, three times... this is precisely why I still buy physical copies of media (mainly video games and movies). I'm increasingly worried about video game console hard drives, and the digital pur
218.
by icu 8y ago
Exactly... flat wage growth in real terms is useless if the rise in the price of the things you need/want outstrips your ability to buy it.
219.
by icu 8y ago
Yeah my point was that, at the margin, the increase in labor would have more of a downward impact on the price equilibrium of wages than it would (eventually) have in an upward way. The argument I am arguing against is something like: Immig
220.
by icu 8y ago
We can actually hold for immigration to some degree. For example, while not exactly doubling, the entry of women into the workforce after WWII had a similar effect of massively increasing the the supply of labour. You would think that two
221.
by icu 8y ago
Okay... request information on the ownership structure of each of the Fed banks (i.e. share register) and see how far you get. I know it sounds crazy but the Fed is simply not a Government organization if it is privately owned.
222.
by icu 8y ago
Well I think you can make opportunities through persistence and sacrifice and for a given level of intelligence and time, all skills can be learnt. However the will to do it requires a good enough why... and if you have more pressing whys t
223.
by icu 8y ago
Re: The Fed The Fed is a privately owned bank that is given the monopoly to issue debt backed by the taxation of the State. The U.S. could simply issue debt itself. Even though the President appoints the Fed Chairman and it has the word &q
224.
by icu 8y ago
I'm with you on decent alternatives of which I think a non-Fed based monetary system as well as the end of crony capitalism (not capitalism itself) would probably be a decent alternative. However, the biggest problem is the education o
225.
by icu 8y ago
I hear your criticism... I personally don't have a solution as news media isn't my area of domain. However, there must be a technical solution to the problem. I've seen one or two HN threads discussing a decentralised web.
226.
by icu 8y ago
It can't. That's why it's important to remember.
227.
by icu 8y ago
LA Times seems to be blocked for the UK, presumably due to GDPR.
228.
by icu 8y ago
Not sure I agree, it's the job of the 4th estate to speak truth to power, that is why it is afforded special privileges and protections. If you predicate your ability to speak truth to power on a business model that relies on the power
229.
by icu 8y ago
There is a real possibility of escalation as I doubt Trump will capitulate. Trump seems to like the pomp of a 'win'... real or imagined. I think it will come down to how quickly things escalate and if Trump runs or wins in 2020.
230.
by icu 8y ago
I became deeply concerned when the article seemed to suggest that Gizmodo was more worried about losing their Facebook page, or being sued, than sticking to a high standard of journalistic integrity. By the sound of things Gizmodo was save
231.
by icu 8y ago
Exactly the point I was trying to make but I did not articulate it as well as you have, thanks! I would say 'premium' entertainment cannot be displaced by time and space.
232.
by icu 8y ago
Thanks for the quote! However I think it's more about Coke being a consumable and arguably a commodity... and not entertainment. I'm pretty sure there will always be people priced out of premium entertainment experiences precise
233.
by icu 8y ago
Well they still might. Nothing I've read so far about the Unity/Google alliance makes me think that it's impossible, just unlikely. The Microsoft M&A team will obviously be busy with GitHub but I would be surprised if n
234.
by icu 8y ago
Seems like a missed opportunity for Microsoft's Azure... afaik a lot of Unity games are in C# which seems like a stronger fit than Google. Maybe Google sees this as a synergistic move with games on the Play Store?
235.
by icu 8y ago
Yeah I wish this was taught in public school. Also I think that part of the problem is that concepts like 'wealth', 'purchasing power' or 'the time value of money' aren't discussed at all until first ye
236.
by icu 8y ago
Yes absolutely thank you for pointing the wealth transfer effect printing money has even when monetary supply is such so that inflation is zero.
237.
by icu 8y ago
Diversify. Try to have a portfolio of investments that include asset classes that will counter act any market falls.
238.
by icu 8y ago
It only diminishes debt if your ability to service that debt outstrips the rate of inflation. If your ability to service debt does not grow in line with inflation, you are in no better state.
239.
by icu 8y ago
In basic terms, inflation is the loss of purchasing power due to an increase of the monetary supply faster than economic growth. In plain English, this is where more currency is chasing the same number of goods and services. This means you
240.
by icu 8y ago
The premise of this article is simply addressing the symptoms and not the cause. Any first year Economics Undergraduate learns that prices rise when quantity demanded outstrips quantity supplied. Wages are simply the price of labour. For

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