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Comment: Re:Great Recession part II? (Score 1) 280

But that line could change.

Psychology played in the Great Recession which magnified it after the math failed. No one trusted each other and banks borrowed from each other with credit asset swapping. (Why weren't they labeled expenses??)

So viola they all told each other you are no good. BOOM! Collapse and Uncle Sam had to come in and payback and buy the junk assets to try to have them trust each other again.

If Greece goes Italy will be viewed next (bad side). If they go fear will spread and those like Portugal WILL get shafted as investors know no one else will pay for their bonds so if you buy your money will be out the window etc. The bonds are worth as much as toilet paper as no one will buy them due to fear.

Yes this sounds nonsensical but in the great recession, 1929, and other events in history it has happened. I doubt banks hold less greek bonds unless the IMF bought them all? Why? Let's say you own them? Who in their right mind would buy them?! No one. You are stuck holding them or selling them at a HUGE loss.

Comment: Re:Great Recession part II? (Score 1) 280

Let's say you and I and a friend need some money.

We borrow from each other and swap the debt around and as long as the chain is good and we *trust* each other and pay back things run smoothly. Let's say I owe less but say I can't pay you 2 back. Then comes fear with you and the other guy saying to each other you are no good.

This sounds silly and nonsensical but happened in the USA in 2008. Psychology as no one trusted each other and said they were no good the assets instantly turned into expenses that no one could afford.

Yes, Greece is tiny. But what is to say spooked investors who lost tons of cash now look at Ireland and Italy next. Everyone does it and now Italy is no good because the other investors said so. It can't borrow to pay its bills, etc. Spain, then eventually the US.

Swapping debt assets seem stupid like the children's hot potato game where as long as you are not holding the potato when the bill is due you gain.

Comment: Re:Still no 16:10 panel? (Score 1) 111

Is it a 20"? I need another one of those so that I'll have three matching monitors. I have a 25.5" IPS at 1920x1200 that I'm willing to let go of. It's very very old so it has ghosting f'reals, but otherwise it's awesome. My two 20" 1680x1050 displays are at different color temps, but I have an i1 Display LT so I can mitigate that problem.

Comment: Re:Funny, that spin... (Score 1) 284

by drinkypoo (#49766311) Attached to: What AI Experts Think About the Existential Risk of AI

To be fair, he funds the Machine Intelligence Research Institute, which is devoted to mitigating existential risk from AI, and is surely getting very detailed reports from them, making him a highly knowledgeable layperson at worst (a direct expert at best).

Just playing the devil's advocate here, funding the creationism museum doesn't make you an expert on god

Comment: Great Recession part II? (Score 2, Insightful) 280

I am nervous as this feels like early 2008 all over again.

People though ack a few banks will be late paying each other for it's silly home instruments. Big deal let's buy banking shares now while they are cheap etc ...

We all know what happened next? Last year we finally came close to full recovery. The house of cards collapsed and is still being pumped up by the federal Reserve as we never had a full collapse!

Japan, America, and the EU may be next should Greece not to pay with skyrocketing rates and a great depression awaiting as the Federal Reserve won't be able to pump borrowed money to the banks, again.

Am I the only one who sees this?

Comment: Show 'em, India!! (Score 4, Insightful) 87

lol? India can't even keep the power on. They can't clean up their garbage. They can't clean up their water supply...

You guys always look down on countries in Asia / Africa such as India or Kenya

You guys always think that countries such as India can never catch up

I have news for you...
 
While it is true India does have its hands full with the myriad problems that it is facing, India has bean growing leaps and bounds in terms of improving its own infrastructures and in its talent pool for the past few decades, and THIS TREND IS RAPIDLY ACCELERATING IN SCALE

I know, because I do have businesses in India, and I go to India several times every year

To India and to all Indians - as you guys have seen for yourself the snobbery the "Western People" are towards India, isn't it time India stands up and show the world - especially those Western snobs - what you can

Show 'em, India!!

Comment: Re:Everyone is going to the Moon... (Score 1) 87

It's Planetary Resources that wants the U.S. to break the treaty. Remember that name. No doubt it will become the Wal-Mart of outer space.

If that's the price of actually developing space industry to the point of having a Wal-Mart of outer space, so be it. Then I can buy me a space ship and fly... past the sky.

Comment: Specs seem a little weaker (Score 1) 111

Apart from the display, the specs seems bit weaker on the Dell - the Macbook Pro has more storage capacity, and a faster processor even in the base configuration.

Also the Macbook Pro 15" now has the ForceTouch track pad, which will be more useful over time (and Apple makes excellent trackpads anyway, Force Touch or not).

I have a Macbook Pro 15" Retina currently, that I use in non-scaled mode (so I get 1:1 use of the pixels). I'm not really sure how much better the higher resolution would look on that small a display.

Comment: Re:Truth be told... (Score 1) 131

by retchdog (#49763903) Attached to: Al-Qaeda's Job Application Form Revealed

That's all too true, and this is described in The Looming Tower by Lawrence Wright (who later wrote Going Clear about Scientology). The big Q paid a decent wage with health benefits and a hefty compensation package to your family, especially upon "martyrdom." The fanatics were in the top-middle of the organization; the rank-and-file were mostly just desperate young males with a lot of social/familial obligations and nothing to lose. Depressing, really.

E = MC ** 2 +- 3db

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