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Comment Re: China? (Score 1) 44

If the downturn continues, you will be able to. Provided the Fed does not increase money supply one more time, in the name of QE, to keep real estate prices sky high.

A continued downturn poses risks for a region where workers will put up with sky-high real-estate costs if they can land high-paying jobs.

That means people working very hard in life, earning PhDs, to land high-paying jobs are forking a huge chunk of that pay to the rent seeking real-estate owners. High real-estate prices are a barrier to growth. If a large chunk of the cost to setup a business, directly and indirectly, goes towards real estate, businesses and people will try to move to a cheaper place.

Comment What is bad about Disneyland imagineers using AI? (Score 1) 60

I don't know why "Disneyland imagineers used deep reinforcement learning to program a talking robot snowman" is considered "exquisitely, quintessentially bad". I thought it was cool of them building a platform using deep RL to bring animated characters to life in the form of robots that can walk and talk like their cartoon counterparts. That's quite challenging in many ways. Many kids coming to Disney Land would be happy to meet all their favorite characters that talk to them.

Comment Re: RRP Electronics vs RRP Semiconductor (Score 1) 23

Market is easily manipulated in India with hardly any consequences if caught. There are shops that create vast pools of gullible, uneducated day traders (akin to bot nets), who can be used to orchestrate stock moves by sending "trading signals" via SMS. There are many more nuances to these pools, based on gullibility index, trade size capability of the individual etc. These pools are sold to other fronts who orchestrate the front running, pump and dump operations. This used to happen with large cap stocks too earlier, the Harshad Mehta scam that the article refers to. Not that it cannot be done with large caps now, Its just become much more difficult with very large fund houses involved. Now the scamsters have moved on to small caps, where they can float their very own IPOs and manipulate their very own stocks. If there is any scrutiny from the regulators, they will have to part with some of their booty in the form of corruption.

Comment Re:Law of one price? (Score 1) 56

Inflation is a bogus number, used by the govt. to fool the public. If you take the inflation series over the last 20 years and multiply it all up, it simply does not reflect the ground reality of the prices I paid for most things 20 years ago vs today. Things are way more expensive than what inflation wants us to believe.

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