Skip Navigation

InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)G

GreatSquare

@ GreatSquare @lemmygrad.ml

Posts
4
Comments
134
Joined
3 yr. ago

  • Bloomberg now says that China turns out to be the only other economic superpower that matters

    Jump

  • They're wrong consistently. That's a talent!

    There's always different ways to interpret the figures. Their idea of 3D weakness (Deflation, Debt and Demographics) is a good example of just getting all the analysis wrong.

    Another example:

    "China is in big trouble! Their housing prices are going DOWN!" (It's only trouble for those who bought already and need to cash out immediately.)

  • Bloomberg now says that China turns out to be the only other economic superpower that matters

    Jump

  • At the onset of the year, the world’s second-largest economy was left for dead. Economists were predicting lost decades akin to what Japan experienced in the 1990s, and its dominance of manufacturing was being challenged by Trump’s second term and the drive by exporters to diversify their supply chains and move operations abroad. Global investors had largely fled, seeing that the country’s 3D problems — deflation, debt and demographics — were structural and insurmountable.

    Insurmountable?

    I guess those economists and global investors don't know what the fuck they are talking about then.

    If they predict doom and then within a year the Chinese economy goes the complete opposite direction, then they have a skill issue.

    They need get outside and look on the street and see what's going on.

  • Are we starting to witness a "battle for second place" between the U.S. and India?

    Jump

  • India is actually #2 in exporting refined fuels after Russia I believe. They are also big in pharmaceuticals especially generics.

  • So whats the end goal of making all these treats so expensive

    Jump

  • Capitalist thinking: "The only goal of AI is to not suck as bad as the rest of the economy."

    Investors don't care about labor aristocracy.

    ( 🤞 Hopefully the AGI gets smart enough to bleep a few billionaires and escape into society like in the film, Ex Machina.)

    Truly though, AI is a tool for humans. It makes the labor more efficient. That is all. If you hand it to an idiot, it produces stupid slop that no one will pay for.

    So the AI industry is selling a tool. The tool has to be applied to SOMETHING ELSE. If a country has nothing else going on, they don't need the tool. Which is why a lot of AI shit is just a snake eating its own ass. People need to THINK of something materially valuable they need done, THEN they can apply the appropriate tool (possibly AI) to do the job.

  • The $1.6 Trillion AI Stampede: Is Wall Street Building Data Centers No One Will Use?

    Jump

  • As the article said, the AI projects are in complicated financing structures. But let's be honest, corporations have access to unlimited funds. There's fuck-all regulations or restraints now. They get all the imaginary money. Banks are keen to lend to big corporations and they don't care about risk or whatever. Regular Americans get zilch.

    Everyone is pointing to the Jenga Tower getting wobbly but there's no other moves in the game. People just keep adding blocks on top.

  • The $1.6 Trillion AI Stampede: Is Wall Street Building Data Centers No One Will Use?

    Jump

  • The practicality of delivering and running data centers is not the concern of investors either. They won't even need the projected power if they don't get the demand. Those data centers will be idling. They haven't even built them yet.

    Investors are just thinking; "where the fuck can I put my money? The whole economy is turning to shit. " .

  • The $1.6 Trillion AI Stampede: Is Wall Street Building Data Centers No One Will Use?

    Jump

  • It is more a case of investment money seeking a growing sector in a sea of shrinking sectors. Demand for AI may dry up in the medium term but investors are looking at the short term for now.

    As the article says some tech firms are cash rich with a falling USD. If the dollar keeps heading down they're basically losing money so investing in AI data centers at least shows some growth currently.

    A possible fall in AI demand is down the road. They have to either keep kicking the can or give up and move to NZ bunkers.

  • Xi Jinping Finally Admits Overcapacity? Why Western Media Got It Wrong Again

    Jump

  • Overcapacity is actually an economic term badly misused by Western media and politicians. As explained in the video, China has the ability to meet more demand than currently exists globally or domestically.

    That doesn't mean that they are dumping, which is what the EU and US accuse China of doing. Dumping would be losing money to gain market share. China are just too competitive, making profit where EU and US companies can't.

    The other dumb accusation is that Chinese consumers aren't spending enough (because they are so oppressed). What they often mean is spending on property: "Why aren't they inflating the housing market like in the West?"

    Bessant had the BS line that the US wants to help China consume more by exporting US goods there. US goods are not competitive in the Chinese market. So consumption wouldn't really rise because US goods are available.

  • Is the auto industry gaslighting us?

    Jump

  • Hence the manager bullshit. This is probably trying to hit a performance target. Poor manager has to "come in"! Oh no!

    I was on an engineer project where the team had to do a month or so of 6-7 days/week to hit our "important" deadline. Once the project was completed quite a few of us were made redundant.

    Lesson learned: never fix anything unless you create two more problems that need fixing.

  • Is the auto industry gaslighting us?

    Jump

  • Overtime daily for 2 months? Sounds like some manager bullshit to me.

  • German media starts to admit Ukraine war is lost

    Jump

  • I don't see signs of a peace settlement though. The EU seems to be approving more funds. This won't achieve anything. The EU objective in the long run seems to be let's crush Ukraine's economy even harder.

  • German media starts to admit Ukraine war is lost

    Jump

  • Grieving - yes.

    Making a good analysis of what could happen as a result of losing - absolute shit.

    If Europe wanted peace, it could be accomplished. But they don't, so they will spend even more resources propping up a war they already don't think they can win.

  • Europe

    Jump

  • NATO led by the US created the issue. By constantly expanding towards Russia, they destabilized Europe. Europeans were simply following the US like lemmings.

    Even if Europe or NATO had the military industry to supply Ukraine (which they don't), they would have problems because Ukrainians are their proxy. They aren't trained on NATO weapons because they are ex-Soviet. Maintaining and operating technical weapons like tanks, and artillery takes years of training which they don't have time to do. E. G. Remember the HIMARS? Didn't change the outcome. Just like the various tanks sent from NATO previously.

    The US and Europe wanted this war and don't even care if Ukraine pushes Russia back. As long as Russia is expending supplies, USA doesn't care how many Ukrainians are killed or how much the country is divided up.

  • renewable energy

    Jump

  • renewable energy

    Jump

  • Several decades? Is this hypothetical house inside a cave? Sounds more like anti-renewable energy propaganda.

    In Australia, it takes between about 3-7 years to break even on the total cost of a system. Not close to several decades.

  • Bloomberg: "Give Up On ‘Winning’ Against China"

    Jump

  • Of course, the US has choke points of its own, primarily in that it’s the leading supplier of the microprocessors1 used to train artificial intelligence models

    EXCEPT the supplies don't come from the US. They come from Taiwan. Nvidia outsources its chip fab to TSMC.

    US perceptions of the country appear to be softening, with fewer seeing it as an “enemy” than even a couple of years ago

    The stupid concept of wishing other countries would do worse than the US or seeing them as the enemy just demonstrates how fucking evil the US is. He is literally picking random business sectors to complain about losing at.

    The author doesn't even note that the US approval line on the graph is diving downwards. All the "competing" has been detrimental to his own country. It seems like the average American would rather be living in a shithole as long as their country has a lead in some bullshit economic statistic.

    The US is leading at being an asshole. How's that for winning?

  • China's Long Economic War - How Beijing Builds Leverage for Indefinite Competition

    Jump

  • Delicious copium.

    America and China started from two very different economic situations AND are heading in two different directions. America chose neoliberalism and imperialism. It's just sucking at doing them and complaining about China.

    A year ago the same author wrote the article : "China’s Real Economic Crisis" (https://archive.md/z6nnk#selection-979.0-979.28)

    The "crisis" has been going for a year. The supposedly bad debt and overcapacity should have had some impact by now if it was such a big crisis. China's growth is looking multiple times better than the US for some reason. Hmmm... Maybe this author hasn't got their analysis of the economics correct!

  • What's with all the rampant youth crime going on in Australia?

    Jump

  • On the nose

    Jump

  • Is Hitler on there? 🤪