• 0 Posts
  • 51 Comments
Joined 1 month ago
Cake day: October 6th, 2024
  • _bcron_@lemmy.worldtoTechnology@lemmy.world•AI Expert Warns Crash Is Imminent As AI Improvements Hit Brick WallEnglish
    7·
    2 days ago

    It’ll implode but there are much larger elephants in the room - geopolitical dumbassery and the suddenly transient nature of the CHIPS Act are two biggies.

    Third, high flying growth, blue sky darlings, they’re flaky. In a downturn growth is worth 0 fucking dollars, throw that shit in a dumpster and rotate into staples. People can push off a phone upgrade or new TV and cut down on subscriptions, but they’ll always need Pampers.

    The thing propping up AI and semis is an arms race between those high flying tech companies, so this whole thing is even more prone to imploding than tech itself, since a ton of revenue comes from tech. Sensitive sector supported by an already sensitive sector. House of cards with NVDA sitting right at the tippy top. Apple, Facebook, those kinds of companies, when they start trimming back it’s over.

    But, it’s one of those things that is anyone’s guess. When you think it’s not even possible for everything to still have steam one of the big guys like TSMC posts some really delightful earnings and it gets another second wind, for the 29th time.

    Definitely a house of cards tho, and suddenly a lot more precarious because suddenly nobody knows how policy will affect the industry or the market as a whole

    They say shipping is the bellwhether of the economy and there’s a lot of truth to that. I think semis are now the bellwhether of growth. Sit back and watch the change in the wind

  • _bcron_@lemmy.worldtoNews@lemmy.world•Young Black and Latino men say they chose Trump because of the economy and jobs.English
    4·
    5 days ago

    I really wanna be wrong about this but when companies start stockpiling pre-tariff stuff and moving manufacturing in, it’s gonna show up as a lot of expense and might plunge us into a correction and really dry up the job market. Lots of companies are wringing out earnings beats with revenue misses thanks to layoffs and stuff like that so it’s kinda losing steam to begin with.

    I’ve been trying to think why a lot of bajillionaires are sitting on so much cash in this kind of environment, and aside from the market generally looking overpriced/slim pickings, that’s the only other thing I can envision

  • _bcron_@lemmy.worldtoFediverse@lemmy.world•Why do people on reddit seem to hate Lemmy/Mbin/other federated link aggregators?English
    101·
    6 days ago

    I actually blocked most of those groups but one was some climate community on another instance. There was a post where someone asked what they could do personally to help prevent climate change, and it was full of political theory as a response.

    Someone said they actively boycott Starbucks because the CEO flies a jet in order to commute to Seattle to California, and if the government won’t do anything they felt like the least they can do is just commit to never giving them and their lobbyists a single penny ever again.

    And they were downvoted to like -20 and had a dozen people attacking them over shifting the blame from the corporations to the working class by framing it in such a way that the working class should have any responsibility for the actions of the corporation. It was like watching a bunch of picketers calling someone a scab.

    And I’m just reading it like “what the fuck guys, you’re sitting around discussing political strategies that have so far done absolutely nothing, they’re doing something, they have a point, the lobbyists make the laws, so defunding the lobbyists does make a lot of sense. He’s flying in a jet to work because people give him money, helllLLLOOOooo.”

    Someone even went so far as to argue that a lot of people need to go to Starbucks because they might need a quiet space to study or hang out, so I jumped in pointing out that most municipalities have a library at the minimum, and people were fine before coffee shops were everywhere, and I got downvoted and jumped on by half a dozen people for not understanding the plight of others.

    Homeless people need somewhere to go, so I’m an asshole for suggesting that other people could go to Starbucks less? Beats the hell out of me

    In some climate forum, for no reason other than to win a stupid internet argument over the responsibility of emissions, everyone began defending the necessity of Starbucks of all things. Seriously. And at the same time, consumers shouldn’t have to endure hardships for the climate because they should instead focus on affecting policy, in order for places like Starbucks to change, because they’re fucking horrible. In my mind I was just like “well are corporations good or bad, or at the moment are they just convenient as both in order to use that person as a punching bag?” but noped right out.

    It was basically a rat’s nest of tangled up incongruent statements that all led back to ‘fuck that person for saying they make a very small effort to do something towards a corporation as opposed to attempting to reshape politics’

    So yeah, shit like that.

    Maybe a simple “while I disagree with A due to B, it does have some merit because of C. But in my opinion I think D is more effective, and if you’d like to learn more about D, here are some resources! :)”

  • _bcron_@lemmy.worldtoFediverse@lemmy.world•Why do people on reddit seem to hate Lemmy/Mbin/other federated link aggregators?English
    122·
    6 days ago

    A lot of communities on Lemmy have a ‘scene kid’ subculture and they will just harass people right off the platform for not being true enough to the cause, despite being for the cause.

    You got a bunch of raindrops. They want to become a hurricane. They simply need a warm breeze but shit blows sideways instead. The corners of Lemmy where movements could be happening are basically mosh pits

    I’m not trying to argue with you or correct you or anything, just pointing out why this is bad, how it shouldn’t be as it is, but it’s on deaf ears to the people I’m lamenting about. And you’re correct, a 2nd Reddit would suck, but Lemmy could be better if those people were being better.

    If there’s anything anyone mad about anything in the world should know, by know, don’t attack people on the same team, welcome them in