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Post by code on Jul 10, 2024 0:15:17 GMT
I saw an article on Fortune this morning that said that AI was "useless". ? Oh really? |
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Post by walnut on Jul 10, 2024 1:26:33 GMT
I saw an article on Fortune this morning that said that AI was "useless". ? Oh really? Odds are that the article was actually written by AI, at least segments, and then edited together by a human, again with the help of AI. |
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Post by missouriboy on Jul 10, 2024 1:47:18 GMT
Soylent Green is people. I have become a fan of Radiohead.
Dirges and requiems. Spooky pop music. But yeah they're pretty good. We're in a requiem period of our history. Time to oil up the old 45s and get the turn tables in shape. |
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Post by missouriboy on Jul 25, 2024 12:24:47 GMT
Is this anywhere close to what is on the near-term horizon? If so, then things could get very unpleasant for a lot of people. I hope it's wrong but my gut and local data says otherwise?
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Post by missouriboy on Jul 25, 2024 20:11:44 GMT
Supporting material. Lots of worry out there. More than during than the 2008 crash.
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Post by glennkoks on Jul 25, 2024 21:48:22 GMT
I don't get it the market YTD has been on absolute fire and I keep reading these doom and gloom articles. They say the market is forward looking...
I don't know I bailed out of the market in September of 2021 when the DOW was about 34,000 now it's 40,000.... I still don't like the macro picture and I am still taking my 5% bird in the hand at a very big cost.
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Post by walnut on Jul 26, 2024 0:32:30 GMT
Well, according the the USA gov't, the economy was on fire last quarter. www.cnbc.com/2024/07/25/us-gdp-q2-2024.html You have to wonder though. They want the dems to hold on to power. Trucking companies were so slow, they were calling us every day and rates were fairly cheap. That doesn't sound like good times to me. FWIW however, we started getting pretty busy finally a couple of weeks ago, and I'm seeing lots of building stone trucks leaving our quarry region this week. Maybe the worst is over. |
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Post by missouriboy on Jul 26, 2024 13:46:14 GMT
I am NO economist. But I wonder if there are two distinct down sides to any downturn. First, there are those who are well off and well connected, who, with a modicum of sense and caution and diversity (and luck?) mostly survive the great economic levelers of history. And return to gather the selected scraps into a bigger pile. And then, there are many of the rest (the previously classified Middle Class) ... who have jobs and homes and other assets, which are usually (often) protected in moderate economic "shakers" ...but not from the Big Ones. Then, there are the poor. whom we are told, will "always be with us". What are the early indicators of "How Big" an economic event will be? And "how likely" an economic player will survive a Big Impact? My Grandfather and many neighbors survived the Great Depression. Free and clear land - eight kids - a home foundry - and a Celtic Spirit - gave them an edge on the greatest economic "Shaker" yet defined at that time. He had a Bible and a Gun and a Mule. He knew how and was not afraid to use any of them. What statistic(s) will tell you what and who will break (survive) ... and what effect that will have on the greater "neighborhood"?
So ... what do the stats tell us about the future with any surety? Will this one be BIG? Watch the more dependable elements of the economic order. Do they even have such an index?
What would the Glennkoks - Walnut Index look like?  |
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Post by walnut on Jul 26, 2024 15:37:20 GMT
I am NO economist. But I wonder if there are two distinct down sides to any downturn. First, there are those who are well off and well connected, who, with a modicum of sense and caution and diversity (and luck?) mostly survive the great economic levelers of history. And return to gather the selected scraps into a bigger pile. And then, there are many of the rest (the previously classified Middle Class) ... who have jobs and homes and other assets, which are usually (often) protected in moderate economic "shakers" ...but not from the Big Ones. Then, there are the poor. whom we are told, will "always be with us". What are the early indicators of "How Big" an economic event will be? And "how likely" an economic player will survive a Big Impact? My Grandfather and many neighbors survived the Great Depression. Free and clear land - eight kids - a home foundry - and a Celtic Spirit - gave them an edge on the greatest economic "Shaker" yet defined at that time. He had a Bible and a Gun and a Mule. He knew how and was not afraid to use any of them. What statistic(s) will tell you what and who will break (survive) ... and what effect that will have on the greater "neighborhood"?
So ... what do the stats tell us about the future with any surety? Will this one be BIG? Watch the more dependable elements of the economic order. Do they even have such an index?
What would the Glennkoks - Walnut Index look like? I can only understand it in terms of accumulating assets as a hedge against a dark winter. My approach isn't any more sophisticated than that. So, that's why inflation is a serious problem for us middle class. I own some land and have some assets but we really hope that things don't come to that. I heard stories about how my grandfather used to carry the family back and forth from the Arkansas Ozarks where our family land was and Tulsa. If it came to it, which it did, they'd just pick up and go back to farming. My great grandfather had left Arkansas as a young man and married into a good Virginia family, and somehow came back to Arkansas so wealthy that he paid for the construction of a high school and post office out of his own pocket. The family lore is that he was a counterfeiter in DC for a few years and was never caught (or accused). |
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Post by missouriboy on Jul 26, 2024 20:11:33 GMT
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Post by missouriboy on Jul 26, 2024 21:31:19 GMT
And now we know what Trumponomics is all about? |
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Post by missouriboy on Jul 27, 2024 12:14:40 GMT
From the self-styled student of the Great Bubbles. |
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Post by ratty on Jul 27, 2024 12:34:58 GMT
If the bad news keeps rolling in, a self-fulfilling prophecy may engulf us.  |
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Post by walnut on Jul 27, 2024 13:54:36 GMT
And now we know what Trumponomics is all about? Chinese money is going to be finding it's way in to the process to support Kamala. And there will not be any governmental will to stop that from happening. Trump team had better be watching. |
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Post by walnut on Jul 27, 2024 14:32:10 GMT
I drove over to a Northeast Tulsa Walmart fairly late last night. That Walmart is not in the best area of town. But I wanted to have some transmission fluid to use early this morning, and thought it was the best bet. The place was very, very busy, and the customers were nearly all Mexicans. I walked out of the store at 10:06 pm and the line to check receipts (done in sketchy Walmarts) was 100 feet long. The place was state fair busy. I saw cross words exchanged between a white lady and a Mexican lady who cut in line. Anyway, something is going on, I'd call it an invasion I suppose. Tulsa's official population is grossly undercounted, perhaps by hundreds of thousands.
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