“Official” inflation now at 4.2%
Your wages increasing by 3.4%….
Real inflation closer to 7-10%
Your wages increasing by 3.4%….
Real inflation closer to 7-10%
Money & Economics
- Thread starter bigredfish
- Start date
This is actually pretty big
$157B OpenAI valuation couldn't convince a bank to back a $6B loan.
That gap isn't happenstance. It's a market telling you the number and reality aren't aligned.
$157B OpenAI valuation couldn't convince a bank to back a $6B loan.
That gap isn't happenstance. It's a market telling you the number and reality aren't aligned.
Your electric bill more than it was 18 months ago?
(Except of course rural Houston where's its actually gone down
)
(Except of course rural Houston where's its actually gone down
)
We're fucked. AI needs HUGE investment and has little revenue. It will be that way for quite a while.
Many AI companies will fail because they wont be able to generate enough revenue to offset the costs.
Just like 1999-2000
The Government has no business investing my tax $$$ in private businesses.
That's called Socialism.
So unless you're a fucking hypocrite who says "Socialism Bad but its OK for .Gov to own private companies", entire industries even, you should be against this.
Many AI companies will fail because they wont be able to generate enough revenue to offset the costs.
Just like 1999-2000
The Government has no business investing my tax $$$ in private businesses.
That's called Socialism.
So unless you're a fucking hypocrite who says "Socialism Bad but its OK for .Gov to own private companies", entire industries even, you should be against this.
mat200
IPCT Contributor
- Jan 17, 2017
- 19,007
- 31,809
somehow there is an article circulating that states China gonna spend a boat load of money on AI Data Center buildout ..
probably a part of this economic ware game between the USA and China .. attempts to out spend each other on AI Data Centers and tech.
issue is that China has cheaper labor, land, and one party CCP rule which should mean they can build out their data centers quickly as they are also the source of a lot of the power / HVAC generation manufacturing.
The Chinese AI could be good enough for the price to gain many more customers than the USA
probably a part of this economic ware game between the USA and China .. attempts to out spend each other on AI Data Centers and tech.
issue is that China has cheaper labor, land, and one party CCP rule which should mean they can build out their data centers quickly as they are also the source of a lot of the power / HVAC generation manufacturing.
The Chinese AI could be good enough for the price to gain many more customers than the USA
Bullshitter trump will probably tell us, if he has not already, that China is building that AI Data Center in the USA... you know, part of the 10's of trillions of dollars of foreign investment in the US that he has secured this term!
Just a reminder/PSA
US Treasury iBonds are paying 4.26% right now through Oct 31
You can easily buy as much or as little as you like up to $10,000 per person per fiscal year. I bought max for my wife and I.
Simply go to TreasuryDirect.gov it’s very easy. You connect your bank acct to TreasuryDirect.gov to buy and then sell and deposit your winnings right back when ready to cash out.*
*(This is actually patriotic as it saves the NSA from having to hack your account thereby doing your part in reducing government waste.)
Go find a 12-24 month CD paying 4.26% to the broad public…. I’ll wait
They change the percentage each May and Nov.
It’s comprised of a fixed % (.9 now) that stays good as long as you hold it, plus an inflation indexed percentage (3.27 now)
The inflation part can change 2X per year.
I’m betting inflation isn’t going down between now and Nov and may actually go up further, which would mean the overall yield could increase.
Back in 2022 it was between 7-9%!
You must hold for 12 months. You can hold for up to 30 years.
US Treasury iBonds are paying 4.26% right now through Oct 31
You can easily buy as much or as little as you like up to $10,000 per person per fiscal year. I bought max for my wife and I.
Simply go to TreasuryDirect.gov it’s very easy. You connect your bank acct to TreasuryDirect.gov to buy and then sell and deposit your winnings right back when ready to cash out.*
*(This is actually patriotic as it saves the NSA from having to hack your account thereby doing your part in reducing government waste.)
Go find a 12-24 month CD paying 4.26% to the broad public…. I’ll wait
They change the percentage each May and Nov.
It’s comprised of a fixed % (.9 now) that stays good as long as you hold it, plus an inflation indexed percentage (3.27 now)
The inflation part can change 2X per year.
I’m betting inflation isn’t going down between now and Nov and may actually go up further, which would mean the overall yield could increase.
Back in 2022 it was between 7-9%!
You must hold for 12 months. You can hold for up to 30 years.
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Yeah gold is the same, brutal
I actually bought some GLD yesterday @$397. Bonehead move on my part. I’ve been out of the markets for 2 months and got itchy thinking it had taken a beating so bought 50 shares thinking I’d dump today and make a little as it tends to move up and down in $10 chunks.
By close I was down $7 per share @$390, after dinner I thought ya know, that was dumb and it doesn’t feel good going into tomorrow. I dumped it.
Today it closed at $374 and down another $3 after hours.
My gut is pretty good at predicting downside, but it sucks at upside
I actually bought some GLD yesterday @$397. Bonehead move on my part. I’ve been out of the markets for 2 months and got itchy thinking it had taken a beating so bought 50 shares thinking I’d dump today and make a little as it tends to move up and down in $10 chunks.
By close I was down $7 per share @$390, after dinner I thought ya know, that was dumb and it doesn’t feel good going into tomorrow. I dumped it.
Today it closed at $374 and down another $3 after hours.
My gut is pretty good at predicting downside, but it sucks at upside