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Comment Re:Printing Money Not Inflationary (Score 1) 231

Inflating assets is the end goal. The hope is to provoke a wealth effect from the inflated assets that encourages asset owners to spend and consume. The Fed is restricted to increasing bank reserves only and cannot actually print money or throw money from helicopters, despite their "we print it digitally" bluff.

If the fed increases bank reserves, but the banks don't lend except for the purchase of asset prices, then this is what you get.

Comment Re: It was always a dumb idea (Score 1) 108

This is not quite right if you read through their SEC filings. Their enterprise and cloud systems are the only major profitable endeavor (to a point in which they have completely taken over the low end of cloud storage and solutions), and all of their other business units are either very marginally profitable, breakeven, or bleeding money.

Amazon uses their enterprise and cloud to essentially subsidize all their other business units. If you spun those other business units off of Amazon, they would most likely wither and die, which is why an anti-trust suit is sorely needed.

Comment Slashdot has fallen (Score 4, Insightful) 580

There was a time when Slashdot would immediately scream "The Internet treats censorship as damage and routes around it", plaster stuff like 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0 everywhere in defiance of corporate censorship regardless of the content being censored, and proclaim fuck the corporate powers.

That Slashdot has died.

Comment Blame the Fed (Score 3, Interesting) 115

Thanks to zero interest rate policies from the Fed during the Obama and Bush era and floods of money printing from Powell during the Trump era, now we have all of these zombie "tech" companies funded by free money from the Fed that end up selling a dollar for 80 cents in the name of disruption. The zero interest rate money supposedly had nowhere else to go in the eyes of Wall Street, so Wall Street chased and backed up tech companies in the aftermath of the 2008 recession, leading to one of the biggest periods of inequality the U.S. has ever seen after a recovery from a recession (something like only 22 counties in the U.S. recovered and all in tech or government centered counties), and Bernake cutting rates to zero, Yellen maintaining them, and Powell brring the money printers are all squarely to blame. It is the most ridiculous example of socialism for the rich the U.S. has ever seen.

Now all these loss subsidized zombies have basically destroyed previously legitimate companies that hitherto had a good business plan. All the previously legitimate companies were forced to take on unsustainable amounts of debt to compete with loss subsidized zombie companies because they simply would not die when they were supposed to, and now every company is overlevered with shrinking cash flows entering into a recession that really wants to turn into Great Depression 2.0.

Currently, the entire U.S. economy is being held up by money printing from Powell, but now we have reached a point in which he has to make a horrible choice; either destroy the US Dollar and send everything into hyperinflation to save US stocks and the loss subsidized zombies, or allow the zombies and the stock market to finally burn. However, just like delaying healthy forest fires from occurring, because the Fed has not allowed the zombie companies to die during mild recessions over the past 12 years, the entire U.S. economy will now go up in flames and we will enter into Great Depression 2.0 as all businesses die.

Congrats to the Fed for doing what no other external force could do: destroy America.

Comment Re:local government, what a drag (Score 1) 359

Alameda county already worked with Tesla's manufacturing officials to open on May 18th even though the shelter in place order is until May 31st:

https://www.cnet.com/roadshow/...

That wasn't good enough for Elon, who wanted it open right now! Couldn't be bothered to wait a mere eight days.

Don't Care How I Want It NOW!

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