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The Pandemic Boom Goes Bust

therossreport.substack.com

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Re: The Pandemic Boom Goes Bust

#141

Post by ChuckNorris89 »

mupuff1234 wrote: post #139
ChuckNorris89 wrote: post #137

Earlier quoted context omitted.

Of course I asked for profitable business when I challenged your claim that Google is an AI/ML company. If that business line is not profitable but ad revenue is the main engine that keeps the lights on, then Google is first and foremost an ad company that also happens to fund AI/ML and other endeavors but at a loss. What generates revenue is what defines a company straight and simple not what they want to call thems…

So what makes Tesla not a car company? most of it's revenue is selling cars, no?

Where did I mention anything about Tesla?

Re: The Pandemic Boom Goes Bust

#142

Post by mupuff1234 »

ChuckNorris89 wrote: post #141
mupuff1234 wrote: post #139

Earlier quoted context omitted.

So what makes Tesla not a car company? most of it's revenue is selling cars, no?

Where did I mention anything about Tesla?

This whole thread started from GP arguing that Tesla is not a "car company" :)

Anyway, no point in continuing it.

Re: The Pandemic Boom Goes Bust

#143

Post by ChuckNorris89 »

mupuff1234 wrote: post #142
ChuckNorris89 wrote: post #141

Earlier quoted context omitted.

Where did I mention anything about Tesla?

This whole thread started from GP arguing that Tesla is not a "car company" :) Anyway, no point in continuing it.

Please check that I only rebutted the claims that Google and Facebook ares ad companies and not ML companies, that's it. I didn't reply to anything mentioning Tesla and I can't be held accountable for other discussions in this thread, that I didn't take part in.

Re: The Pandemic Boom Goes Bust

#144

Post by MisterSandman »

dr_turducken wrote: post #140
MisterSandman wrote: post #26

Earlier quoted context omitted.

I agree with everything else you said except your first sentence. Saying that Tesla is a car company isn't untrue and there's no reason for you to have such a visceral reaction to it. Tesla has made no indication that they'd ever license their self-driving or sensor tech to others. Pretty much every other project Tesla has suggested is vaporware. The one and only thing they'll successfully produce and launch, possibl…

Not sure if this was before he tweeted. But Elon literally tweeted within the last few days that he will license FSD to other companies.

Not sure about the timeline, but regardless I wasn't aware of the tweet.

But I still stand by my comment, his tweets are somewhat irrelevant given how many false promises he has made. He made a statement years ago that he'd let other companies use his supercharger network, but dragged his feet on it. Until very recently where they've started piloting the project in Norway.

Re: The Pandemic Boom Goes Bust

#145

Post by mgh2 »

mgh2 wrote: post #114

You can't generalize speculation or growth stocks with value stocks. Cut out meme stocks or recently IPO companies, for they skew the data for an overall economy analysis. On Apple, if you compare a 1 month (from new year's heights) market correction with major direct or indirect competitors (quick sampling) before their earnings: Microsoft, AMD, NVidia, Amazon, Netflix showed 15-30% decline, while Apple was only -10…

* Laissez-Faire analysis update:

1. Include Google and Tesla as current and future competitors

2. Disney and Google as "blood money" inside Etfs (advertising, sports betting, crypto [Tesla])

https://news.ycombinator.com/item?id=30148364

3. 2018 dip (repeat): https://www.cnbc.com/2021/12/08/why-this-month-echoes-decemb....

Re: The Pandemic Boom Goes Bust

#146

Post by callmeal »

eru wrote: post #81
callmeal wrote: post #56

Earlier quoted context omitted.

>People not working being paid for existing at a time when the real economy went into cardiac arrest by every measure of actual productivity. Are people still on this canard? As a reminder, if people were paid by their measure of actual productivity, minimum wage would be $24/hr (see: https://www.counterpunch.org/2020/01/24/what-the-minimum-wag... ) Another reminder, these are the relief payments made to Americans ov…

> As a reminder, if people were paid by their measure of actual productivity, minimum wage would be $24/hr Huh? What does one have to do with the other? Minimum wage just means that jobs that pay less than a certain amount are forbidden. It has nothing to do with productivity per se. In Singapore our minimum wage is 0. Yet people are still paid. And paid rather well actually. When productivity changes over time, we d…

>The only relationship minimum wage laws have with productivity is that if you raise minimum wage much faster than productivity, your economy is gonna have a really bad time. The reverse is not a problem.

Except for the folks, who you know, are responsible for that productivity!

Re: The Pandemic Boom Goes Bust

#147

Post by mgh2 »

mgh2 wrote: post #145
mgh2 wrote: post #114

You can't generalize speculation or growth stocks with value stocks. Cut out meme stocks or recently IPO companies, for they skew the data for an overall economy analysis. On Apple, if you compare a 1 month (from new year's heights) market correction with major direct or indirect competitors (quick sampling) before their earnings: Microsoft, AMD, NVidia, Amazon, Netflix showed 15-30% decline, while Apple was only -10…

* Laissez-Faire analysis update: 1. Include Google and Tesla as current and future competitors 2. Disney and Google as "blood money" inside Etfs (advertising, sports betting, crypto [Tesla]) https://news.ycombinator.com/item?id=30148364 3. 2018 dip (repeat): https://www.cnbc.com/2021/12/08/why-this-month-echoes-decemb... .

AMD and Nvidia, blood money from crypto

1. AMD rise due to crypto demand - 2017 https://www.cnbc.com/2017/07/26/wall-street-stunned-over-amd...

2. Downplayed by CEO - 2021 https://www.theverge.com/2021/9/27/22697339/amd-crypto-minin...

3. Best mining GPU - 2022: https://www.windowscentral.com/best-gpus-crypto-mining

Re: The Pandemic Boom Goes Bust

#148

Post by eru »

callmeal wrote: post #146
eru wrote: post #81

Earlier quoted context omitted.

> As a reminder, if people were paid by their measure of actual productivity, minimum wage would be $24/hr Huh? What does one have to do with the other? Minimum wage just means that jobs that pay less than a certain amount are forbidden. It has nothing to do with productivity per se. In Singapore our minimum wage is 0. Yet people are still paid. And paid rather well actually. When productivity changes over time, we d…

>The only relationship minimum wage laws have with productivity is that if you raise minimum wage much faster than productivity, your economy is gonna have a really bad time. The reverse is not a problem. Except for the folks, who you know, are responsible for that productivity!

Competition is what's supposed to drive up wages until they equal marginal productivity.

If you don't have enough labour market competition for that, you should look into easing barriers to entry. So you can: invite foreign companies to set up shop, encourage existing companies to branch out (eg allow WalMart to offer bank services like they wanted to; allow banks to sell coffee, like they wanted to), encourage start-ups. Perhaps try to move taxation away from labour and capital, and towards land.

Re: The Pandemic Boom Goes Bust

#149

Post by eru »

throw0101a wrote: post #84
eru wrote: post #75

Earlier quoted context omitted.

Monetary stimulus went pretty well, and it's essentially free and reversible. Fiscal stimulus was a waste of real resources. Fiscal tightening doesn't do anything about inflation. See eg the fiscal cliff of 2013 for an example.

Seems the opposite to me, especially when if you add post-2010 to the data set: There was hardy any useful stimulus in the US post-2008 because Obama (D) was in the Whitehouse and the GOP-controlled Congress didn't want to help him out. So it was mostly just monetary policy (Fed) that did things, and it was a long slog of pain to get unemployment down and get the economy going. With COVID we had monetary policy (as b…

The 2008-ish recession saw the Fed pay banks to keep money off the market. No wonder that economic activity remained sluggish.

For the 2020 recession, you had the Fed drop reserve requirements for bank, and move to average inflation targeting, and in general move much more aggressively.

See also Japan: since the 1990s they had a long history of fiscal stimulus and monetary tightness. When Abe came to power a few years ago, he loosened monetary policy, and the Japanese nominal GDP started to grow again.

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