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Comment Re:economist Paul Krugman wrote this week (Score 0) 167

Written on Election Night 2016 by Paul Krugman:

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.

Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.

During Donald Trump's first term, the S&P 500 rose approximately 83%, the Dow Jones Industrial Average climbed 73%, and the Nasdaq Composite surged 152%.

Comment It isn't just software (Score 3, Insightful) 187

It is likely true that software quality is dropping. But the important point I would like to make is that quality elsewhere is horrible too. Our relatively new house is on its third bathroom sink faucet in about 12 years total time. I cannot fathom how this could be so bad. Car quality, parts, engines, transmissions all of it is worse. Worse parts, worse designs, it all is bad and so much more expensive. A twenty year old car w/ only front wheel drive, a four speed transmission, a reasonable power v6 in comparison is SO solid. A little worse MPG but that is it, and sometimes that isn't so clear cut. I'm sure there are examples of things that have improved, and others that have gotten worse. But those were a couple I can think of off hand. A lot of this is driven by big government making decisions for us, even during republican administrations ironically. Fuel efficiency standards go back to Bush. Anyways, enjoy, the future is gonna suck. And be expensive.

Farmers will bitch about a def burn/regen, but still buy the new huge combine because even with sitting for 45 minutes, they get so much more done so fast it is unreal. So they buy/rent huge equipment they cannot work on because they run so many acres they really have no other options. Our government bankrolls all their risk so land/rent values keep going up and everyone is too happy to question anything. Red America complains about market access while voting in Trade War Trump. We're all so stupid. Nevermind GMO everything. If only we could make tofu w/ all this cheap soy. Nope, we gotta feed it to cows/pigs/chickens. No one cares about the river and aquifer water quality, or how expensive it is to treat for high nitrate levels. Sorry for the slightly unrelated farming rant. But I really wish our local river was cleaner. It is never a focus and so sad. But I'd refer to it as a "water quality collapse." Ironically you have to pay farmers for buffer strips and CRP, I'm not sure they'd do it on their own. Left to their own devices they're even ripping out the shelter belts around here.

Comment Will California stop importing electricity? (Score 2) 132

When I used to live in Glendale, California, I noted from reports from the Glendale DWP that most of the power used by the city--and by the state--was imported from places like Utah. Power would be generated in Utah, then shipped by power transmission lines to Glendale.

Will California also stop importing electricity from coal-fired plants outside of the state? Or is this simply virtue signaling by the state as they continue to export their pollution?

Comment Re:Enlighten me (Score -1) 10

I own, but do not operate, a few IT companies that manage corporations in the $600MM-$1B receivables range.

Based on our own help desk ticket software, our clients have opened 40% fewer tickets since ChatGPT was rolled out to every desk and phone. 40%. I expect another 40% drop (total 80%) by next year as end users just manage things themselves.

I won't downsize as the tickets aren't really generating revenue as much as headaches. One of my engineers had a broken PDF file that took her 6 hours to fix, and the end user spent 6 days trying to fix it themselves with Ai.

But -- the basic stuff? Reboot your computer stuff? Email rejected because you mistyped a domain name stuff?

You don't need a human, and we would probably have outsource that stuff to India anyway next year if not for ChatGPT etc.

Comment Re:Huge problem (Score 2) 153

Nvidia is therefore a bubble. This article is complaining that Europe is an obstacle to further bubble inflation.
No amount of Nvidia etching IP onto wafers is worthy of a 4.6 TRILLION market cap - bigger than the 4.2 Trillion market cap of the ENTIRE name-brand pharmaceutical industry.

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