CA also has the highest poverty rate in the country when adjusted for cost of living. And you can readily see it in the drifting hordes of...
It says “adjusted for the cost of living index” - not sure what that means. There’s no way in hell that the median personal income in CA is $124k...
This simply does not happen at any scale, because DEI programs by definition exist to promote underperforming minorities into positions they...
I could not agree more. The problem is that elites claim that "net-zero" can be achieved at no cost, or can even be a source of profits and...
That’s one way of putting it. Thing is, normal people with kids and tax bills know that some things should remain marginal. Like drug-addled...
Sounds like a pile of crap that I didn’t ask for, don’t want, and will end up disabling via group policies or the registry… or, if it can’t be...
Yeah, I mean you can see these headlines and the thing keeps going up another 50-100% over 6 months. OTOH, when it comes to BTC in the current...
A couple crypto-related headlines: ‘I’m Prepared To Lose Everything Over Bitcoin,’ Says Trader A prominent figure in the crypto world, known as...
This isn’t 1950. There’s no such thing as “profit taking” causing a lengthy bear market when every single month, tens of billions of dollars of...
My advice is to ignore all this - it’s just noise. Folks have been talking about a recession for 15 years, splitting hairs over this or that...
It’s not really about the tech in this case; it’s about whether the hyperscalers are going to be ordering billions and billions of dollars of...
Price action is created by the interaction of individuals in the marketplace. Bottoms are often characterized by capitulation, which by definition...
QE doesn't cause consumer inflation. It sure does (or can in principle) cause asset inflation: forcing up the cash percentage in everyone's...
I don’t think generative AI is revolutionary. I think it’s glorified autocomplete which has no economic purpose beyond a few niche applications...
I’ve felt that the equity market has been getting “dumber” for a long time now, driven by automation, passive strategies, hordes of retail traders...
Because that is the definition of relative strength. Or in this case, lack thereof.
I think it’s very possible that people will tire of holding a zero-yielding asset which has run out of bull catalysts, having failed to deliver...
You have to measure relative performance on a peak-to-peak or trough-to-trough basis. I’m not sure why this is so hard to grasp. By definition a...
People keep calling BTC an exponential growth asset with price targets of $100k-$1,000k, and I keep pointing out that it’s underperformed...
Hedonic adjustments. So your bills for groceries, insurance, utilities etc. go up by 25% in two years, but Microsoft forces "AI features" down...
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