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It’s terrible for the stock price which has a price to earnings ratio of almost 200.
If this were a normal company with a profit margin of ~6% and a normal stock price (in line with the market average), it would be fine.
Refugee fleeing the shittiness of reddit
It’s terrible for the stock price which has a price to earnings ratio of almost 200.
If this were a normal company with a profit margin of ~6% and a normal stock price (in line with the market average), it would be fine.
The issue is the price to earnings ratio of the Tesla stock which is almost 200:1.
The level of profit is not bad for a normally price company but Telsa needs to have profits grow exponentially to justify their stock price.
The root problem they are trying to fix is real (systemic trade imbalances) but the way they are trying to fix it is terrible and won’t work.
Only a universally applied tariff would work in theory but would require other countries not to retaliate (there will 100% be retaliation).
It doesn’t really solve the root cause, capital inflows into the USA rather than purchasing US goods and services.
Trump wants to maintain being the reserve currency which is a big part of the problem (the strength of currency may not align with domestic conditions, i.e. high when it needs to be low).
Perhaps the stocks were massively overvalued and any negative news was going to start this sell off regardless of its actual impact?
That is my theory anyway.
It is also because the USA is the reserve currency of the world with open capital markets.
Savers of the world (including countries like Germany and China who have excess savings due to constrained consumer demand) dump their savings into US assets such as stocks.
This leads to asset bubbles and an uncompetitively high US dollar.
Does it still need people spending huge amounts of time to train models?
After doing neural networks, fuzzy logic, etc. in university, I really question the whole usability of what is called “AI” outside niche use cases.
What a piece of shit.
In my view, Social media is a big factor in creating echo chambers and disinformation.
Consolidation in markets has led to high prices, poor service, poor competition and bloated oligopolies.
Governments should be intervening to break up these oligopolies but have been captured by these vested interests.
I remember using frames.
Neocities.org is a great old school site.
Who is this picture of? She looks familiar.
Is she a movie star?
I really miss the BBS forums.
I made a load of friends on those.
When I quit reddit, it occurred to me that after 10 years, I hadn’t made a single friend there.
Now many of these remaining BBS forums have a constant battle against bots.
Dead internet theory is becoming true.
Bots talking to bots will be 90% of the internet.
What are people using to monitor this?
It has basically been taken over by the IDF
The old internet was the peak.
Mostly static Web pages and thousands of BBS forums was the greatest.
Countries like China, Germany, Taiwan, etc. have competitive exports because they have direct and indirect subsidies to their manufacturing sectors at the expense of their household sector.
Some of these subsidies include a weak currency relative to their economy, weakened labour laws, preferential interest rates, capital controls, labour movement restrictions, etc.
China uses all of these. Germany primarily used the Hartz “reforms” which basically decoupled wage growth from productivity and GDP growth.
The reduces the household share of national income and they cannot afford to consume the production of their manufacturing sector and therefore the excess production must be exported.
You can do both.
I have Cloudflare pointing to my reverse proxy which the points to a website and other subdomains.
Had to hunt through a bunch of forums to work out how to get it to work.