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Washpark

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Posts posted by Washpark

  1. Quote

     

    The president’s latest move was criticised by Orrin Hatch, the Republican senator who chairs the powerful finance committee. “Although I have supported the administration’s targeted efforts to combat China’s technology transfer regime, tonight’s announcement appears reckless and is not a targeted approach,” he said.


    In an unusually strident warning, Kevin Brady, the Texas Republican who chairs the House Ways and Means Committee, said that despite the rising economic risks there were no serious trade discussions going on between China and the US and no plans for talks soon. He urged Mr Trump to meet directly with Xi Jinping, Chinese president, to hammer out a solution.

    Mr Brady said: “With this announcement, it’s clear the escalating trade dispute with China will go one of two ways — a long, multiyear trade war between the two largest economies in the world that engulfs more and more of the globe, or a deliberate decision by President Trump and President Xi to meet and begin crafting an agreement that levels the playing field between China and the US for local farmers, workers and businesses.”

     

    https://www.ft.com/content/fd907b80-8493-11e8-96dd-fa565ec55929


     

  2. 10 minutes ago, Aqua Buddha said:

    At some point these tariffs have to be priced into the market.  That are massive downsides to tariffs from a consumer spending standpoint and the market seems to go up a few hundred points every day just because.

    This is my focus now. Do I move to all cash as trade war will cause a major correction?

  3. 7 hours ago, Superhero said:

    Bought a few hundred shares today in my 401K rollover account. After a few days of recovery, I feel less worried about catching a falling knife. But we shall see.

    My cousin just came back for vacation (he moved to Shanghai 7 years ago for work) and he echoed what you said. Starbucks is becoming a player in China, and apparently one of the stores there "beats any Starbucks you'll ever see in the US."

     

  4. 13 hours ago, Spankytoes said:

    In what way? Because an Asian American student claimed it? Couldn’t you make the argument that white students are getting the brunt of the discrimination? There are qualified students being denied the college of their choice due to racial quotas that need to be maintained to ensure minority students get a fair share of space at a University that has X amount of spots. (Yet, they still have to fund said public schools through taxes) Is that not the same thing as black people not getting employed due to their name even though they are qualified for the job? Besides the fact that no one is going to feel sorry for the privileged white people, explain the difference.

    You are also suggesting the those decisions are controlled strictly by white people, which is not true.

    You asked for an example of institutional racism. I provided an example. Sorry, it does not fit into your white/black/hispanic paradigm of racism

  5. 8 minutes ago, Cheeseweasel said:

    I think that's what The News wants you to believe. I'm not concerned that (assuming they did) they met and Kennedy gave his opinion on Kavanaugh as a justice. 

    I sweater god, we are allowing Twitter dudes to make us believe shit that is pure speculation. I weep for the future due to the lack of discernment people have.

    I don't think it is twitter dude but a legitimate reporter. Trump comms director was asked on TV if this was true and there no denial. 

  6. 4 minutes ago, Rimbo said:

    So, I was following the graphics industry very closely at the time that Nvidia rose, and I can say with some amount of authority that Nvidia did not "get lucky." 3dfx got lucky, and I'll point you to guys who worked there at the time who can confirm this personally -- they got lucky when their high-end graphics accelerator became a consumer-grade masterpiece after an unexpected drop in the price of VRAM.

    But Nvidia had a deliberate plan in place to make themselves a permanent fixture in the market, and executed it with backups to spare.

    As for Intel, I don't think it's early to say it, because generally we can call these things out several years before we see them occur. We can call out Apple now, I think, as well, in the mobile handset space, because their model is starting to hit some problems (also this one and this one) that are, to me, signs that the industry has made its direction and Google and Amazon are the new leaders.

    CEO was throwing so much shit at the wall and finally had a huge hit. We can argue if it was a deliberate road map but in my view it wasn't. I have no technical capability so basing my opinion on ex-Intel employees who are obviously bias. 

  7. Seems early to say Intel has been disrupted. They have significantly higher margins than the rest of the industry given their integrated model and market dominance.  There are lots of head winds facing Intel example being that they missed mobile. Processors are also moving into more niche use cases (e.g. AI, autonomous driving). I would not be surprised that in 5 yrs time that Intel loses a lot of market share but to predict that and blame it on their model is a fairly bold prediction. 

    It is less about their integrated model and rather their inability to deploy R&D to find the next wave of processors or get lucky like Nvidia. 

    • Like 1
  8. 7 hours ago, Enchubben said:

    The high dollar student loans complaint never really resonated with me. If you make a rational decision as to where to go to school and for what kind of degree in order to pursue a certain profession then the amount of student loans and job prospects is not a reflection of capitalism, but a result  of the career you choose.

    If people are mad that college is expensive then I agree. It should only be for those who a) can afford it before they attend or b) students that are pursuing a degree that will result in a job after getting a degree that can pay off those student loans. Graduates should not be mad that they chose a degree with no job prospects, rack up mammoth student loans, and then extra expect someone else to pick up the tab.

    Personally I would rather us focus on improving and making trade schools more prevalent for those that can’t or shouldn’t attend University.

    1234

    I attended a wedding a few weeks ago and was seated with fairly recent graduates (3-4 years post). I was surprised by their frustration at the job market and opportunities as most went to good to great schools (e.g. Berkeley, UC systems) and had quality degrees (e.g. economics, engineering). They all attended coding bootcamp and now are programmers in the bay area. They had to pay for coding bootcamp after graduating from a quality university with a respectable degree. While the job is way better and pay decent, it is ridiculous to blame the youth as the decent pay jobs are few and far between at the lower level.

    • Like 1
  9. 5 hours ago, Spankytoes said:

    Well, “Wow” is about all there is. Unless you can point me to a credible study/stats/research that indicates otherwise, albeit, that takes us down another rabbit hole of interpreting the data to fit both our arguments. Racism is individual, not institutionalized. There’s nothing in the white handbook stating otherwise that I’ve seen. 

    There have been a lot of studies proving institutional racism. 

    Guessing spanky is going full Tahoe and will be justifying pedophiles next 

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