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Vegas64

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Everything posted by Vegas64

  1. And rightly so to the bolded. I also agree that BTC is a good value buy at some point, if not exactly now.
  2. But did you hear all about his mom and dad being swingers and cheating on the cuckold and how it is effecting his 3 point shot ::eyerolls::
  3. That food looks awesome. What's the problem?
  4. I think the CEO was fairly transparent in his note (have you read it? I'll link it here from the blog: https://blog.coinbase.com/a-message-from-coinbase-ceo-and-cofounder-brian-armstrong-578d76eedb12). They are cutting staff because their major source of revenue is trading revenue and the crypto winter tanks volume and velocity to where their revenue is greatly diminished. We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period. In past crypto winters, trading revenue (our largest revenue source) has declined significantly.
  5. They 4x'd their team in 18 months and to get the talent in an historically tight labor market, they did it by paying anywhere from $200 upwards to $700k. The average Coinbase employee makes roughly $240k. There is fat to be cut as we enter a crypto winter or recession or extended bear market or whatever we are calling this.
  6. I was reading the drama around the Thoma Bravo<> Anaplan deal and how that PE got Anaplan to accept a lower offer, post-M&A deal, due to the loss in market value the past few weeks/months through reasons couched in legalese and contract reasons. I think Musk is trying to do the same, and to be fair, it's smart business.
  7. More like all the big techs with the exception of Microsoft (all) and maybe Amazon (in some areas).
  8. But it's not his fault. He can't control it. We've said this over and over until blue in the face. This is why economists are looking at inflationary numbers and CPI data and removing gasoline and food costs as those are largely out of the scope of executive political influence.
  9. As God as my witness he's broken in half!
  10. The Atlantic also nailed it here regarding the recall and the feeling of political failure from longtime SF residents: https://www.theatlantic.com/ideas/archive/2022/06/how-san-francisco-became-failed-city/661199/
  11. Democrats (who are in charge of the White House and Congress) are feeling the pressure to do something about soaring prices. Ahead of this fall’s midterm elections, Americans say that inflation is overwhelmingly the top problem facing the country, according to Pew Research. Economists suggest that the drivers of skyrocketing inflation are fairly clear at this point. Rock-bottom interest rates, government stimulus, surging demand for goods, and constrained supply due to Covid and the war in Ukraine have all conspired to send inflation to near 40-year highs. But in breaking with economists, a group of Democrats has focused on something else entirely: corporate greed. Citing record corporate profits, they say that some companies are jacking up prices to pad their bottom lines at the expense of consumers. Or, as Washington Post columnist Catherine Rampell called it (not in a nice way), “greedflation.” https://www.washingtonpost.com/opinions/2022/05/12/democratic-conspiracy-theory-on-inflation-makes-things-worse/ Last week, Sen. Elizabeth Warren and other Democratic senators unveiled the “Price Gouging Prevention Act of 2022,” which would empower regulators to investigate companies that sharply increase prices and require companies that hike prices exorbitantly to disclose why. https://www.washingtonpost.com/business/on-small-business/warren-bill-would-require-companies-to-explain-price-hikes/2022/05/12 President Biden also thinks price gouging is contributing to inflation. As part of his plan to fight inflation, he renewed his call for a minimum tax on corporations so that they finally “pay their fair share.” After Biden tweeted out those thoughts, Jeff Bezos felt inspired to go on the attack. The Amazon founder said that conflating higher corporate taxes with lower inflation “is just misdirection.” That earned a response from the White House, which yesterday noted that it was “unsurprising that this tweet comes after the President met with labor organizers, including Amazon employees.” Bezos replied that “unions aren’t causing inflation and neither are wealthy people.” One prominent economist is taking Biden’s side...kinda. Former Treasury Secretary Larry Summers, who warned early on that the government’s stimulus measures would lead to inflation, came to the government’s defense, tweeting that Jeff Bezos is “mostly wrong in his recent attack” on the Biden administration. While Summers called the corporate price gouging narrative “preposterous” (a view echoed by most experts), he also said it’s reasonable to raise taxes as a means of tamping down demand and inflation. https://www.bloomberg.com/news/articles/2022-05-16/summers-says-bezos-mostly-wrong-in-inflation-spat-with-biden and
  12. To be fair, “Greedflation” has been roundly debunked by economists and it’s largely a political thing. But just like Republicans play politics and blame Biden for things outside of his control like gas prices, I’m more than okay with pushing something like Greedflation even though it’s not exactly honest. Edit to add, “roundly” might be a big bridge too far, let’s just say it’s debatable at best. I’ll link some sources when I get to a computer if anyone cares.
  13. So you expect something but then in the next breath say you don't expect it. Serious question for you: do you see how you are irrational and why that might be frustrating to others who engage you in discussion around these sensitive topics?
  14. So...your best thinking and plan to help poor people (the people you aren't talking about) is to...expect the upper middle class and wealthy (surly 1% with the F350's in The Woodlands in our running example) who aren't feeling the pain and could not care less about paying more to gas up their v8's for daily yoga workouts, outside of it being a political talking point, to change their behaviors and sacrifice for their poor brethren? This is a worse answer than the non-answer of telling poor people to just go to the non-existent grocery store in their food desert and buy fresh food and make their lunch everyday while learning to code on break at the call center and just drive less and stay home on weekends.
  15. You are cruising for a bruising, Boomer.
  16. In what way? I'm happy to draw encouragement if there is some to be had.
  17. Saw the trailer and it hooked me to where I put in on my list to watch soon. Felt like a less manic Uncut Gems but cut out of the same broad cloth of gritty drama.
  18. All they had to do was pack a lunch, huh. I don't neg people but you were this close. You are tone deaf and should be ignored.
  19. The worst part of the tone deafness of the surly snob bootstrappy "Shut up and Drive Less" is ignoring the fact that is the first thing any non-privileged economic actor does. Again I'll repeat, do you think I'm jumping in a v8 gas guzzler and just driving with the windows down to relax or think deep thoughts or mull over my psychological or philosophical problems for fun? This isn't the 1950's where freedom is characterized by the open road; driving is a nightmare, roads and traffic and other drivesr are hellscapes and nobody wants to do it unless we absolutely, 100% HAVE to. So yes, just by virtue of gas prices being high, I drive less. My wife drives less. Everyone I know who isn't Surly 1% is driving less. Even then, the rich are driving less "a 10% jump in gas prices typically leads to a 2%–3% decline in gas consumption, UC Berkeley economist Lucas Davis told the WSJ" So we all agree everyone is driving less, now what? We should just shut up and not be vocal that inflation and rising prices outpacing wage growth and our ability to have a quality of life because it's grating on the finely evolved ear hammer and anvils of the rich.
  20. Anyone still following or bullish on NFT's or is this a FOMO thing? Saw SFDC has published an NFT product. Jump the shark? https://techcrunch.com/2022/06/08/salesforce-takes-crypto-plunge-with-new-nft-cloud/
  21. I'm talking about people who are driving a 2010 Nissan Sentra or a 2016 Kia Soul or something because it's all we can afford being told to just drive less because gas (everything really) being higher is painful and being told to just drive less. I'm not talking about your neighbor in the rich suburbs who recreationally bought a huge vehicle they didn't need and are complaining about gas. People aged 18-30 exist in mass quantities in America.
  22. Do you guys hear yourselves? "Just drive less". Add it to the greatest Baby Boomer compilation. Other hits include: Just get a better paying job. Just stop eating out as much. Just cut back on buying Starbucks. Just learn to code. Just put back some money for savings every month.
  23. This is not sarcasm. You are really saying, "hey just move to the central part of the city where the rents and price to own are the absolute highest and you won't need a car hardly except for when you are discretionarily driving it" while being 100% serious.
  24. This is tone deaf. There are a LOT of us who simply cannot afford to live in or around economic city centers, without efficient access to public transportation, whose reality is you have to own a car and drive. Saying Just don't drive as much is about as helpful as Just don't eat out as much or whatever richsplaining people do. Also, I have to pay nearly $18 a day to park or I can pay $175 a month. "Just get a better job" is not good advice either. Do rich people think that everyone just wants to get in the hot car in the middle of Texas summer and just drive around aimlessly or for fun and that the time spent in a car isn't purposeful and because you have to? Unless you were being sarcastic and my meter is broke, then sorry.
  25. Dude wut. He was fine. You try running and talking. Are you seriously nit-picking a middle aged guy's athleticism? Warnock is probably more athletic than the great venerable Herschel Walker at this point.
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