The cognitive dissonance is stunning... Here we are in a climate crisis (not arguing for or against), and what do we do? Oh yeah land a super big plane in the Antarctic from a company called, "Wolf's Gang luxury adventure camp." GREAT! Wonderful!
Oh I read the article. So please explain to me how this is totally acceptable? To argue that this is just the cost of doing business is nuts.
Ok yes I am cynical with my title, but hear me out. The UK has plenty of wind energy, and when it runs it does amazingly well. But oddly in the past few months there have been moments when there was not enough wind. In fact basically none. As a result the UK had to power up fossil fuels.
https://fortune.com/2021/09/16...
I used to be a big proponent of renewable energy, now not so much anymore. For if we can't produce enough renewable, what then? We can't seem to find enough ways to store enough energy over many days. Meaning we need a backup energy supply and if that is the case, why on earth are we even doing solar and wind?
While that sounds like a good idea, it is not feasible. From what I know, one is civil law, the other criminal law. And we know what happens to white collar crime... Much easier to do civil lawsuits. Yes this also applies to the USA.
IMO It is not as simple as Fly Swatter says.
Imagine you are at an blind bid auction for baseball cards. So you write down that bid that will be given to seller. Imagine for a moment the buyer offers 10, the seller offers 20. You are stuck at figuring how gives and how much. On an exchange that is a guessing game since the buyer and seller don't know each other. But now steps in a middle entity that says, "I will sell you order flow, but to do that I need to know the orders and your clients." Imagine for a moment that the sold order flow shows that the seller is always easy to trigger, and the buyer likes to chase. The order flow could then jack up the price to the buyer for 16 and the seller down to 14, meaning 2 dollars of free money. Is that fair? For that is exactly what happens now with Robinhood. They analyze your behaviour on buying and selling and see how you play the game. Then like Facebook they slice and dice you to make as much money as they can out of you. Of course your trades are "free"...
IMO this is a large part of the problem wrt to trading. Interactive Brokers has had discount rates for over a decade. The idea that 4-8 trades would cost you 80 dollars in commission is simply not true for the market in general. It is what the big banks charged...
The problem with Robinhood is that you don't know your trade quality until AFTER the trade. By having standards you ensure that minimum quality is adhered to. What I hate about Robinhood is that they gamified the entire stock market. And in a market like this where even a hamster can make money you get a false sense of security. For once the shit does hit the ceiling Robinhood clients will be blown out of the water. Orderflow and liquidity always works when market are not diving.
Interactive Brokers has been a discount broker for decades and they don't front run. So why does retail not know more about them? Because as the salesperson said to me in 2006, "do you know how to make money on the market? We don't want people who go broke." I have remained there since then and have consistently made money.
As somebody who does deal with the market the idea that this takes away power from the individual investor is ludicrous! Interactive Brokers offers discount rates where a trade can be carried out costing only 1 USD (American Exchanges) since over a decade. If you think a trade costing you 1 dollar is too much, then maybe you should not be in the market. The fact that others cost say 5 or 10 dollars per trade only shows how lazy the retail investor is because they don't actually research the various brokers.
Now getting to the point of payment for order flow. Imagine you are at an blind bid auction for baseball cards. So you write down that bid that will be given to seller. Imagine for a moment the buyer offers 10, the seller offers 20. You are stuck at figuring how gives and how much. On an exchange that is a guessing game since the buyer and seller don't know each other. But now steps in a middle entity that says, "I will sell you order flow, but to do that I need to know the orders and your clients." Imagine for a moment that the sold order flow shows that the seller is always easy to trigger, and the buyer likes to chase. The order flow could then jack up the price to the buyer for 16 and the seller down to 14, meaning 2 dollars of free money. Is that fair? For that is exactly what happens now with Robinhood. They analyze your behaviour on buying and selling and see how you play the game. Then like Facebook they slice and dice you to make as much money as they can out of you. Of course your trades are "free"...
When this behaviour was done wrt to Facebook people made the excuse, "but facebook does not charge me anything." Well Robinhood does not either, but they cost you profits! Real profits! But [snarkily said] the youngsters would rather gamble their money away...
What the heck happened to Slashdot? In previous times the comment would be considered as fair and insightful. Now some are turning into the same crap as in the other social networks. Trump is a twat plain and simple. However, the fact that he started a new social network to cheerlead his ego, well that is his choice. He can do whatever he wants because it is his network and we just have to abide by that. Just like we abide by the terms of Twitter, Facebook and Youtube.
Snarkily put, serves the people right! Had we reined in big tech instead of cheerleading them maybe we would not be in this shithole scenario that we are in.
You mean like this accurate article? They said a conservative estimate was 1-7 degrees, and the actual increase was 0.7. Yeah REALLY accurate.
Let me be the snarky cynic. Do you know why we talk about 3 and these low numbers? Because the folks in 1980 used the numbers that even on a conservative scale did not happen. Ergo they rejigged their numbers to make it fit the data.
In the old days, we bought something and then fixed it ourselves. Let people do that and trust me you will have devices that will stay out of the trash heap. That includes opening up the source code and giving it away to allow people to fix it themselves.
New to Apple are we?
"The fact is that all the arguments against sideloading and against third party payment processors are both logical fallacies and bootlicking bullshit. Apple has sold you a bunch of provably false information and you've bought it, and are now holding your hands over your ears and shouting LA LA LA"
Or you can get card insurance to protect against smurfberries? I actually have that...
Because it has worked out so well thus far... [roll eyes]
"The four building blocks of the universe are fire, water, gravel and vinyl." -- Dave Barry
