tag:blogger.com,1999:blog-32841798.post8130280049291581797..comments2024-03-28T22:45:51.014+00:00Comments on Capitalists@Work: Musk, market manipulation and the rhyme of the dotcom bubbleCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-32841798.post-15838085158159527912021-02-13T11:16:27.808+00:002021-02-13T11:16:27.808+00:00Nick. I would add to that list of Chinese attribut...Nick. I would add to that list of Chinese attributes: Talented.<br /><br />The Chinese are so immensely talented that when you get a 5-year-old Chinese playing a flawless piano concerto it's shrugged off by snobby Westerners almost as though "... ah - but it doesn't really count. He's Chinese."<br /><br />And the difference between our own Olympics opening ceremony and Beijing's ? It wasn't that ours was any good, it was that it was rock'n'roll shabby entertainment. China showed us such endless and exquisite performances it was like trying to take in the artefacts in London's museums in one day. That you see one Farberge egg, maybe two... maybe three - then after that it's "not another f****ng Faberge egg."<br /><br />If there is such a thing in the UK as unconscious racism then it's towards the Chinese. Despite having been here for centuries they remain our invisible people. Only valued for providing our takeaways though we know they give us so much more than that.<br /><br />And on that. Oriental music. That's real Left side/Right side thinking !E-Khttps://www.blogger.com/profile/16657071992016670517noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-41096085186693260922021-02-13T11:13:44.757+00:002021-02-13T11:13:44.757+00:00This comment has been removed by the author.E-Khttps://www.blogger.com/profile/16657071992016670517noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-22748263891823920922021-02-12T19:05:28.693+00:002021-02-12T19:05:28.693+00:00I live in the States, and everything seems to be t...I live in the States, and everything seems to be ticking on just fine in my medium-sized city. Everyone is friendly, everything is cleaner than in GB, I feel much safer (yes, really -- no loutishness here), I pay half the tax I would in Blighty and get much better healthcare (I know that's not the case for everyone). No Antifa here, no Trump fanatics, no nothing. I did see an anarchist logo spray painted onto a speed limit sign, once. Otherwise no graffiti. Some of our neighbours love Trump, some hate him; everyone gets on fine and puts each other's bins out when on holiday, complains about the weather, etc. Yes, there are weapons everywhere: tons of people have guns and quite a few carry them (legally). But nobody talks about it or brandishes them. If I were self-disciplined enough to ignore politics, I wouldn't have noticed any difference from Obama to Trump to Biden (apart from CV). <br /><br />It may be chaotic in other parts (NY/Cali, but again I only have the media to go on, and that could be nonsense), but here everything is peachy. Don't <br /><br />Of course, a Russian peasant in 1917 in some Siberian province might have written something similar, but by 1919 things would feel pretty different. I'm well aware of that. But I can only talk about what I see in front of my eyes. It ain't the same as what I read in the papers.<br /><br />-- ECAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-14941133097817490082021-02-12T09:44:39.717+00:002021-02-12T09:44:39.717+00:00To see the next trend in the US, consider this:
&q...To see the next trend in the US, consider this:<br />"Someone once observed the business of America is business. The government is the most widespread business in the country, so with a corrupt puppet as president, the future for consumers of government products or services will be evermore increasing prices for increasingly less quality. As the Sicilians say, a fish rots from the head down and by the time everybody has wet their beak in the taxpayer treasure chest, what’s left over just reflects that chain of corruption.<br /><br />If you need an example of how quickly the corruption has metastasised under the new regime, consider the XO that Trump signed that mandated pharmaceutical suppliers to supply certain drugs like insulin at only the lowest price it could be bought abroad. If you were a diabetic for instance, that was literally a lifesaver if your circumstances were modest. One of the puppet’s first XOs was to rescind Trumps XO, most probably in exchange for them delaying any announcement of any COVID vaccine until Biden was installed."<br />Credit to PointmanNessimmersionhttps://www.blogger.com/profile/04368279239973641917noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-7501163805304207942021-02-12T09:16:34.974+00:002021-02-12T09:16:34.974+00:00Maybe I do have one thing against Chinese people. ...Maybe I do have one thing against Chinese people. Dogs. It's not so much that they eat them (as needs must) but that they are cruel to them before they do. Anyone who knows dogs knows how emotionally in tune they are with us and this is not an accident. It's almost an act of betrayal against the most loyal offshoot of the family. E-Khttps://www.blogger.com/profile/16657071992016670517noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-83980847773720615692021-02-12T09:04:11.446+00:002021-02-12T09:04:11.446+00:00"We are watching the collapse of an empire in..."We are watching the collapse of an empire into an ungovernable mess, in real time."<br /><br />The consequence of the Leftist establishment filtering out Reaganism. The only figure that could cut through was a shock-jock Trump of independent means. <br /><br />I can see where it's all going. <br /><br />A) Loss of the USA in top slot (or ANY slot by the look of it !) They are/were our primary line of military defence. <br /><br />B) The primacy of CCP led Chinese empire throughout the globe - very easy to do with a compliant intelligentsia (which we have in the West and in our universities) and a breed of dispensable, mutant elite soldiers backed up by cheap and transportable swarms of drones. <br /><br />C) Anglo/European achievements in science and space exploration written out of history. It won't be us that sets foot on Mars. <br /><br />D) This clever dick virtual money thing (deliberately imaged to look like a reassuring gold coin) will only go further to destabilise the West and make the Yuan/Renminbi the global currency. <br /><br />I have nothing at all against the Chinese people and can but marvel at the CCP but I LOATHE the Western Left and what they have done to us. And far from being able to see what they've done they're doubling down on it all. E-Khttps://www.blogger.com/profile/16657071992016670517noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-89013102979525347022021-02-12T07:30:00.016+00:002021-02-12T07:30:00.016+00:00We are watching the collapse of an empire into an ...<i>We are watching the collapse of an empire into an ungovernable mess, in real time.</i><br /><br />They will look back on the Trump years as one of the greatest deals in history - one that makes Musk and his attempts as small change. Reportedly, Trump only ever committed $50m of his own (borrowed) money into his 2016 election campaign and got a whole country in return to do with as he wished.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-38392749426460068232021-02-11T21:24:13.313+00:002021-02-11T21:24:13.313+00:00Thud: "The smashing up of America via social ...Thud: "The smashing up of America via social media is both fascinating and scary"<br /><br />I couldn't agree more. America (as in 1776 America, with its attendant freedoms) is over, finished, not coming back. We are watching the collapse of an empire into an ungovernable mess, in real time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-38160822544387303082021-02-11T19:25:30.703+00:002021-02-11T19:25:30.703+00:00Musk pumped Dogecoin while buying BTC on the quiet...Musk pumped Dogecoin while buying BTC on the quiet. Then he announced his purchase and wateched BTC soar. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-54377334249216047922021-02-11T17:53:54.750+00:002021-02-11T17:53:54.750+00:00I think Musk is part Tesla and part Barnum.
Meanw...I think Musk is part Tesla and part Barnum.<br /><br />Meanwhile, Roll-Royce are optimistic about their Small Modular Reactors. <br /><br />https://www.world-nuclear-news.org/Articles/Rolls-Royce-on-track-for-2030-delivery-of-UK-SMR<br /><br /><br />Don CoxDon Coxhttps://www.blogger.com/profile/06339420519741253080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-48901880249966151342021-02-11T16:10:24.369+00:002021-02-11T16:10:24.369+00:00jim said...
Mr Musk looks an old time American i...jim said...<br /><br /><br />Mr Musk looks an old time American inventor in the Edison/Nikolai/Farnsworth mould.<br />===================================================<br /><br />Or even the Nikola Tesla mold, one might say? Elby the Beserkhttps://www.blogger.com/profile/15060519682739666145noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-9412531953792655412021-02-11T15:58:17.666+00:002021-02-11T15:58:17.666+00:00Now would be a good moment to sell any BTC that yo...Now would be a good moment to sell any BTC that you have. <br /><br />But what do I know ?<br /><br />Don CoxDon Coxhttps://www.blogger.com/profile/06339420519741253080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-39820694205516838932021-02-11T14:41:32.180+00:002021-02-11T14:41:32.180+00:00He still has to realise his BTC, surely ? Which s...He still has to realise his BTC, surely ? Which says it all about virtual coin if my suspicion is correct. It is not behaving anything like a reliable currency yet - it's not stable enough. <br /><br />It's a bit like saying the UK is good for its £3tn in debt "... because it has housing stock worth £3tn and 1 pence." Trying to realise any significant amount of it causes it to become worth a lot less than £3tn and 1 pence. <br /><br />It sounds like a credit con to me. E-Khttps://www.blogger.com/profile/16657071992016670517noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-80279244225450926312021-02-11T13:34:35.287+00:002021-02-11T13:34:35.287+00:00The SP of TSLA is nuts. I said that 3 years ago....The SP of TSLA is nuts. I said that 3 years ago. It is many times more nuts now. It may become many times more nuts in the future.<br /><br />At some point someone will ask where the FCF is at which point the SP will fall.<br /><br />In the meantime he is busy turning something that was just over MVP - the car was not too reliable and not that great (cheap) on the inside 3 years ago - into something pretty good.<br /><br />It will be v. interesting to see if he can learn to build nice cars that are electric better than VAG/Toyota can learn to build electric cars that are nice.<br /><br />On the BTC purchase, someone made a most insightful comment in alphaville.<br /><i>Dave1000<br />If I read this right, Tesla has just found a very convenient way to massage profit figures in the future. Bitcoin will at some point take a dive in value (because: Bitcoin) and Tesla will recognise a loss in that quarter. At this point expect lots of talk about how Bitcoin is undervalued, and it's likely that the Bitcoin value has recovered somewhat by the time they recognise the loss. So the Tesla shills and Bitcoin Bros all agree that the loss doesn't count.<br />Note that this loss is going to be very much overstated on the balance sheet date, since they are marking to the "lowest price quoted...during the period"<br /><br />Then, whenever the underlying business (including selling cars, alongside the core business of selling carbon credits) is loss making in future quarters, they just sell some Bitcoin and recognise a gain on the booked value. Magic!<br /></i>andrewhttps://www.blogger.com/profile/07311993288675111834noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-23385591108143900392021-02-11T12:12:05.907+00:002021-02-11T12:12:05.907+00:00The smashing up of America via social media is bot...The smashing up of America via social media is both fascinating and scary. Its also fun trying to watch the fed etc trying to play catch up with tech savvy individuals like Musk, I have no idea where this is going.Thudhttps://www.blogger.com/profile/18320037763190473684noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-38431949085919050812021-02-11T12:01:49.242+00:002021-02-11T12:01:49.242+00:00They didn't think much to the Ocean
The waves,...They didn't think much to the Ocean<br />The waves, they were fiddlin' and small<br />There was no wrecks and nobody drownded<br />In fact, nothing to laugh at, at all.<br /><br />apologies to Young Albert<br /><br />But a bit like the markets, nothing really going on, oil down, energy depressed, old retail bombed, no new inventions, investors scratching around for anything.<br /><br />Mr Musk looks an old time American inventor in the Edison/Nikolai/Farnsworth mould. But they were back in the days when anyone could pick up a copy of Sci Am and come up with a new gismo and make a mint. That closed down in the '80s, sure, we got the cellphone and the Iphone but what passes for 'tech' is no more than shuffling pixels around in amusing ways and that game is becoming duller and duller.<br /><br />So far as amusement goes Musk is one of the few games around. His followers and competitors must feel they ride a tiger - will the leccy car really take off or go niche. At least Musk's cars can tow a horsebox, something that must bother JLR and the Chelsea Tractor makers. Everyone in that trade must be a bit twitchy about hype and keeping their ejector seats primed. Makes for a nervous market.jimhttps://www.blogger.com/profile/00470816959796395467noreply@blogger.com