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Comment Re:Drop the hammer on them. (Score 1) 1307 1307

Look, I sympathize, but I think this is inevitable now. It’s only a matter of time, and a question of just how much the banks are going to lose, and who is going to cover their losses (hint: tell their CEOs you won’t bail them out for their gambling which didn’t pay off). As an American, we already bailed out stupid foreign banks like UBS once, and I certainly don’t want to do it again.

Perhaps those who loaned Greece the money and insisted on the austerity plan in 2010 should have faced reality and accepted that it would never work, but they didn’t. And now, they’re going to take a huge haircut.

It would be great if we could contain this contagion so it only destroyed Europe, but if Europe’s economy collapses I assume it takes down everyone. China’s economy is already in trouble, and while America’s economy isn’t as fragile as it was, we can’t take another 2007-2008.

I’m hedging my investments accordingly.

Comment It’s chess, not checkers (Score 1) 184 184

The majority of startups will fail. You have to know that going in, that the odds are very much against you.

I just can’t BELIEVE the things that have gotten funding. Who “invests” $5M in a luxury watch site? I thought there were just a lot of bad ideas out there, but I think there are a lot of unsophisticated investors too.

Does anyone ever ask any serious questions? What happens if the government classifies Uber’s drivers as employeess, and not contractors? What happens if advertising on Twitter doesn’t generate enough revenue? What happens to revenue at Google and Facebook if advertising rates plummet?

I think the key to avoiding depression is to have a good idea from the start, not something that relies on advertising to make money. eBay. Netflix. Amazon. Of course, the last two come with other problems.

Comment Re: Tesla Is Good For All (Score 1) 356 356

And that has been Tesla's argument for the last ten years, yet they still lose about $9,000 on each car they make.

If they can't make a profit on a $100,000 car, there's just no way they'll be able to profit on a $40,000 car.

Tesla doesn't know how to make an electric car for the masses.

Half a dozen big car companies are already doing it. Leave the innovation to them, Musk. You're just a dorky P. T. Barnum.

Comment Re: We the taxayer get screwed. (Score -1, Troll) 356 356

What difference does that make? I'm willing to bet that Apple, Microsoft, Google, and Facebook employ several times the number of people that Musk does, but don't take anything close to the amount of government money that Musk does.

Without the government teat, Musk is a talentless hack. He builds stuff for the wealthy, and has the poor and middle class taxpayers subsidize it.

What a dick.

Comment Re: Funny, that spin... (Score 1) 421 421

I'm not claiming that it's going to happen today, or even tomorrow, but as we connect all parts of manufacturing to computers and the Internet, as we have robots performing our manufacturing, how long will it take before we have autonomous machines digging raw materials out of the ground and delivering it to factories?

How long until solar and nuclear allow machines to run for years without needing humans to obtain energy supplies for them?

Eventually, there won't be any plug to pull.

Comment Re: Funny, that spin... (Score 1) 421 421

Wait, has there ever been a time when a more advanced civilization encounters a less advanced one, and the less advanced civilization prospers?

My point: if we develop self-aware AI, it's over for humanity. I think the real question is are we ever going to be capable of creating AI which becomes self aware? Can human beings create software that complex?

Comment Re: Funny, that spin... (Score 1) 421 421

Totally. It takes real genius to lose nearly $9,000 for every car you make.

And more genius still to turn a profit in just a single quarter in a decade.

To nearly go out of business, saved only by a government loan. Or a government contract.

And let's not forget a home battery which might be economical in California or Hawaii, but nowhere else.

Pure genius.

Comment Re: No fault insurance, done (Score 1) 408 408

We can't have loser pays, because the more money you have, the greater the chance you'll win in court, regardless of the merits of the case.

Sorry, but class actions against large companies by injured consumers are just a cost of doing business, and being a huge corporation.

If companies don't like being sued, don't break the law.

And I hold this opinion as someone who was the victim of a frivolous lawsuit. We need patent reform, NOT tort reform.

Comment Re:Whatever (Score 1) 252 252

I’ve got tens of thousands in SDS. When the powers that be decide it’s time to crash the market (because they’ve shorted it), I’ll make out like a bandit.

SDS moves dollar for dollar as the S&P does, but in the opposite direction. In the last crash, SDS went up more than 20X. This time, the banks are much larger, and the federal government will not have the money to bail them out, so we’ll have a true depression, with SDS going up probably 40X or 50X.

And I’ll make hundreds of thousands on the way down. After that, I'll buy into the S&P on the cheap, and make tens of millions on the way up as the market rebounds in the years after the crash.

Hey, isn’t this how the Kennedys made much of their money, by betting against the market?

Comment Re: Wrong Koch (Score 5, Insightful) 222 222

Another right-wing canard to debunk. Oh well here goes...

For every Soros who is spending money to promote "collectivism" (code used by Ayn Rand-loving sociopathic troglodytes who haven't had a date this century) , there are ten or more Adelsons and Kochs promoting their fascism. It isn't even close dude.

I think it's great that the Koch brothers give to charity, but at those levels, it's like someone who earns $40K per year giving $100 in total to charity each year. Not exactly a sacrifice.

It's even worse because that worker earning $40K per year can't pay for all of their necessities for life on that salary, where the Kochs have already paid for everything they'll ever need.

Outside of a dog, a book is man's best friend. Inside of a dog, it is too dark to read.