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America's economy- failing

newtboy says...

Unemployment low.
Gdp high.
Inflation falling.
Markets rising.
Sounds good to me.

The biggest problem is the looming default on our debt that will cause at a minimum a recession, likely worse, because republicans are using their tiny bit of power to blackmail the country, and the banking issues caused by Republicans deregulating certain banks in 2018, guaranteeing a repeat of 2008.

bobknight33 (Member Profile)

newtboy says...

Unemployment low.
Gdp high.
Inflation falling.
Markets rising.
Sounds good to me.

The biggest problem is the looming default on our debt that will cause at a minimum a recession, likely worse, because republicans are using their tiny bit of power to blackmail the country, and the banking issues caused by Republicans deregulating certain banks in 2018, guaranteeing a repeat of 2008.

I’m sure you disagree.

You said Trump’s indictment would make him more powerful and popular than ever last month. Where do you stand today?

You refused to address the Republicans in support of forcing child marriage on 12 year olds. Where do you stand today?

You refuse to talk about Ashley Babbitt who was either a terrorist insurrectionist rightly killed or was murdered by police for nothing which you say never happens. Where do you stand today?

Or are you still only capable of asking questions you don’t read the answers to but Incapable of answering most questions.

bobknight33 said:

@newtboy

You said before the other month Biden economy is doing well.

Where do you stand today?

bobknight33 (Member Profile)

newtboy says...

More Thomas criminality- Thomas sold his 1/2 interest in his mother’s house to Crow for an above market price of $133000 in 2014 (and likely hers for the same price) and did not report it on his financial disclosure form, a clear specific requirement of government code for any real estate transaction over $1000, including for supreme court justices and including sales to “friends”.

Crow also improved the home and allows Thomas’s mother to live there rent free, also not reported, but it’s less clear how criminal that is despite its clearly being unethical bribery.
Crow also bought and bulldozed the neighbors homes so she wouldn’t have noisy neighbors….I mean because he really just wanted to beautify that random neighborhood.

Of course, in your mind, nothing burger. Thomas clearly wouldn’t rule in favor of the man who funds his and his families extravagant opulent lifestyle and his wife’s high paying extreme right political lobbying group….never….and breaking ethics and tax laws don’t count if the perp is Republican.

Referred to the DOJ for prosecution. First time ever in history for justices. More MAGA greatness.

Tesla Cam captures INSANE crash

visionep says...

I hope everyone escaped without long term injuries.

I wonder how liability works in a case like this.

Possible scenarios:
1. Freak accident, no one is liable.
2. Truck owner is liable, but only because they modified their car from manufacturer spec?
3. Truck manufacturer is liable, faulty construction?
4. State or federal government is liable because of something in the road that make the truck's tire fall off.
5. After market kit provider or after market kit installer is liable because their modification lead to the failure that caused the tire to come off.

I wonder how it all worked out.

All the ways TESLA has fumbled

newtboy says...

They left out the Tesla Semi truck that has a minimal (300 mile) range, <2/3 the load capacity, and costs >3 times what a similarly equipped semi tractor costs. Then add in the inconvenience of having to find a proprietary Tesla fast charging station that fits a semi truck instead of a gas station/truck stop.

They also didn’t know the self driving feature was recently recalled and Elon fired the department that codes the software because they considered unionizing when they made this video….horrific timing Elon.

None of this is worse that Elon turning on his customer base at the same time better options are coming on the market that don’t put money in an extremist racist Trumpist nightmare’s pocket. That, more than anything, is a danger to Tesla’s viability. Never tell your customers you absolutely hate them. I don’t think that strategy has ever worked out.

How A Brick & Rock Battery Is Changing Energy Storage

spawnflagger says...

yeah, since efficiency is usually a measure of how much energy is lost to heat, should be 0% vs 100%... but, marketing.

I also doubt they are using aerogel or cryostats insulation to surround hot bricks. (or maybe that's why 1 container costs $9M?)

Matt (and team) from Undecided almost never approach their videos with a critical eye. Many startups' claims can be debunked with high school physics, but they just present everything as-is and with good production value. I consider their channel more entertainment than education, but still interesting to see some of the ideas out there.

newtboy said:

Ok. I like the concept….thermal mass as short term heat storage/release is a well established science.

Sadly calling bullshit when they claim converting electricity to heat is 100% efficient. Nothing is 100% efficient.
They also claim 98% efficiency “pulling the heat back out”…unbelievably high.
Noticeably missing were heat loss rates, both for capture and storage over time…both expected to be extremely high at temperatures of 1500C.

The second system boasting 80% efficiency (but why burning wood?) is more realistic, but the only 3% heat loss per day at 500C temperatures claim is not. No insulation I’ve ever heard of is that efficient.

Recycling industrial manufacturing heat seems smart, but I think they need to be honest up front about the real world expectations and uses. If it could cut the energy needed to bake limestone or melt steel in half, that’s great…please don’t imply it could cut it by anything approaching 97%. That makes me not trust it at all.

bobknight33 (Member Profile)

newtboy says...

ROTFLMFAHS!!!
You mean the Durham report report. (At this point, the investigations into investigations needs to go one more round. )
You mean the report on the corruption from Trump and his DOJ that used their influence to shield him from prosecution or the active international investigation into his alleged ties to Italian organized crime?

You love to say that right before I’m proven 100% correct by multiple reputable sources.

CNN hit lowest ratings after trying to cater to the right in the stupidest marketing move ever, or an intentional tanking of a political enemy by one major investor. Either way, so what? If free markets decide CNN dies…bye Felicia. You think I have some CNN love because your irrationality demands I do, because to you they’re some wholly untrustworthy propaganda machine.
Trump needed CNN. They gave him hundreds of millions in free advertising.

bobknight33 said:

Damn you are gullible.
No on know what the Durham report will say.
But you bought into the NY Times hit piece.

I know you like jerking off to these lies but seriously just wait till it comes out.

Also CNN hit 9 year low in ratings. No one is buying their lies, except you.

CNN needs Trump.

Psaki Shows How To Handle "People Are Saying" Questions

newtboy says...

Following in OAN’s footsteps, Newsmax was removed from ALL DirecTV and ATT platforms today.



They immediately whined “censorship” and theorized some fantasy liberal conspiracy between ATT and Biden who personally caused this….somehow….and don’t want to think it could be because their beloved free market demanded it because they have NEVER actually made money, were given a sweetheart corporate welfare deal to give them a chance, and now that the deal is up they actually tried to insist ATT PAY THEM to keep them on air like they do the most popular networks that bring in millions in advertising revenue….and also they might be a liability when the bankrupt network has a billion dollar plus judgement against them if ATT continues to fund them.

22 Problems Solved in 2022

eric3579 says...

1) 1:48 NASA nails asteroid

2) 3:03 US joins Kigali amendment

3) 4:05 purportedly extinct species make comeback

4) 5:11 malaria vaccine progresses through trials

5) 6:33 lyme disease vaccine nearing market return

6) 8:04 US soccer teams strike monumental deal

7) 8:58 free lunches programs expand

8 ) 10:04 Europe standardizing charging ports

9) 11:02 US ev tipping point hit this year

10) 12:13 plan created for plugging orphan wells

11) 13:28 Canada pilots prescriptions for outdoors time

12) 14:18 military suicides see decline

13) 15:26 HIV vaccines progressing through trials

14) 16:18 art museums solve funding issue

15) 17:08 battery swap technology spreading

16) 18:22 ethereum achieves major efficiency gain

17) 19:42 MLB figures out authentication

18) 20:54 Klamath river set for return

19) 22:03 Intel launches deepfake detector

20) 22:47 solution for removing pfa's found

21) 24:16 US States ban slavery

22) 25:42 nuclear fusion breakthrough

newtboy (Member Profile)

bobknight33 says...

""""Wait….are you suddenly saying severe covid restrictions by China were lifesaving and absolutely the right thing? …and now that they’re lifting expect major disruptions and death? Who is this?"""""""

Communist welding doors shut and shutting down cities -- I dont agree what they have done over and over. They dont have a good vaccine and now all is lifted. My current issue is that this too will leak out and their variant will hit the globe.


Tesla at 300 at 200 is a good price 1/2 off of anything is a good price. Now we see 60 to 70% off and getting better.

This down turn will end and go back up. If not in recession, which I think we are by a slim definition - we will be in Q1 or Q2.


I didn't blame Biden for all of this. This started way before Biden. All the QE and all the helicopter $ Trump and Biden gave out. This is causing supply chain issue and probably see some deflation on some products.

Now the FED trying to pull that $ back out of the market,

Biden gas policies and all the spending does not help and causing inflation on some fronts. I just think that his policies are the straw that broke the camel back.

newtboy said:

He’s already said he won’t step down, and has gop support. They can’t very well remove him for lying and stay themselves. there’s no way in hell the GOP thinks him lying about literally everything but his name (and has anyone checked on that?) is more important than his expected MAGA vote.

That’s good you cashed out, but absolutely disgusting that you continued to suggest others buy while you were cashing out. If you told the truth and were still buying at 400 for the long haul last year like you were shouting to anyone who would listen, you lost at least 1/3-1/2 your investment by selling around 200. If you had listened to many here instead of obstinately contradicting all advice, you would have doubled what you got out.

Just last week you were saying I was wrong when I said it was going to crash. You said it was a great time to buy. It’s crash has nothing to do with an imaginary recession and little to do with fed rate hikes, it’s pure mismanagement that tanked them. Tesla has crashed twice as hard as average car companies.

Wait….are you suddenly saying severe covid restrictions by China were lifesaving and absolutely the right thing? …and now that they’re lifting expect major disruptions and death? Who is this?

Amazon got hit, I don’t know why, I don’t have any (but might grab some) so haven’t watched it. Meta was never going to succeed, it was an idiotic idea to retry “second life” with billions invested and no demand.

Many growth stocks are growing. My portfolio is growing, not crashing.

Again, there’s no recession. You just want to pretend there’s one to blame Biden. GDP grew 3.2% in q3 and is expected to be 3.7% q4.

bobknight33 (Member Profile)

newtboy says...

Not everything….my portfolio is growing quite a bit, not shrinking by 63% this year. It grew almost 3% today alone….how about yours?
You mean that “covid dip” when it rose to 400 per share during covid and you were screaming “buy! Go all in now!”? ROTFLMFAHS! WTF are you talking about?
Tesla sells the vast majority of its cars to liberals. Tesla has massively turned off liberals (35% positive to under 10% positive) right as other options came on the market, and gotten slightly more popular (20% positive up to 25%) among conservatives who unfortunately for Tesla don’t buy electric cars. Tesla is unlikely to ever get most back. You should understand, Tesla’s days of near monopoly are over, Musk has to sell tens of billions of Tesla stock to pay his debts, which will drive it MUCH lower. You’ll be lucky if it ever gets this good again….and it’s guaranteed to go lower soon. It’s a good time to short, not buy.
FYI- Tesla cut prices by 9%+- in China, and $4k in the US because it seems so many preordered cars have had their orders cancelled and there’s a glut of unsold cars. Not exactly the booming business predicted. That 50% growth is sounding wildly optimistic right now….because today they’re shrinking. 🤦‍♂️

Jan 6 hearings were bi partisan. MAGgot Republicans didn’t want an independent investigation, and all but boycotted this one. No whining now, you asked to be left out.
To paraphrase Roger Stone…You lost. Democracy won. Fuck you. No. You lost. Fuck you!
The insurrection was a one sided seditious act, and a circle jerk by morons. It would be impossible to not find any crimes to refer. What they found is way more than enough to put him in prison for life.
Funny how you LOVE one sided investigations of liberals, like all 12 Clinton investigations, and the planned Hunter Biden investigation (that is a pure partisan one sided planned congressional investigation of a private citizen…a real nothing burger) and all the moronic “investigations “ that are the totality of the Republican platform, but denounce bipartisan investigations of Cons as “one sided”. Pick one. Are one sided investigations just theater? Then call out all the MAGA theater. Are they serious and legitimate? Then find a new baseless fantasy accusation against the Jan 6 committee.

Naaa, friendo. Me and the official ANTIFA organization go to battle fully naked covered in vaseline and glitter. Makes it impossible to keep hold of us, and forces uncomfortable explanations when our enemies get home to their wives sweaty, covered in Vaseline and glitter claiming they were at work!

bobknight33 said:

150 and falling just like everything else. Fud not helping but a great time to buy... I still expect it to go lower. Im sitting in cash.. If I were to buy today I would pick up an extra 1500 shares. FYI TESLA firing on all cylinders 50% growth YoY expected. These opportunities only come around every decade or so. The 2020 Covid dip was also a great time to take advantage of . Did you? I did.

The globe is in a recession not just Tesla -- Compare to Amazon and see.
Average recession lasts 18 months. Q1/Q2 2023 will be worse.

Jan 6 hearings was 1 sided -- a circle jerk committee . I would be surprised id the "didn't" find anything to refusal......... Just BS

No biker gear-- that's newt and his Antifa buddies.

bobknight33 (Member Profile)

newtboy says...

Bwaaaahahahaha!
Trump’s NFTs, his digital traitor cards, are gone. He sold $4.5 million worth of poorly photoshopped fantasy images to you morons for $100 a pop…stupidest purchase ever...and he’s going to lose every penny because he STOLE the images he poorly photoshopped his face on…from companies like Amazon that are his enemies. He even used a Men’s Warehouse photo because there weren’t any of him in a tux that didn’t look like an obese old pedophile. He’s so crooked he wouldn’t even pay $100 for stock photos to use. Think they won’t sue? They’re going to ask for 10x his profit in punitive damages. ROTFLMFAHS!!

He fudged his non fungible tokens….like everything he touches. How many did you buy? Did you get cowboy Trump?

And Elon has sold $3.5 billion of Tesla despite promising not to, and has gone full blown anti free speech on twitter, suspending any reporter or organizations that reported on him or Twitter. And before you lie, no, they had not posted his exact location in real time…most had not even shown where that legally and publicly available information about the city his plane is in could now be found after he banned it from Twitter (something he also promised not to do).
I guess he better ban Ticketmaster, it shows the exact location and date where Taylor Swift will be.
He better ban any account tracking AOC’s location….or any that mention that it’s possible to track AOC somewhere else.

…or he better just quit, sell to the banks for $15 billion, leave his now struggling unpopular companies and go away…Tesla down 10 more yesterday, almost 8%, and in freefall. He’s destroyed more market share of more companies in the last 6 months than any emperor of Rome or elsewhere. No person in history has lost more money for more people. Not even close. Ouch.

Steve Jobs on Death - The best 4 mins you will ever spend

cloudballoon says...

More unspoken gems from Jobs: Steal all the credits of the people working under you. Never recognize the people that helped you at your hours of need. And never, EVER, acknowledge your failures. Shaemlessly brand all your barely minium-wage earning, freshly out-of-high-schoolers of a staff Geniuses. Marketing the shit out of your middling products like they're bleeding edge tech. Throttle the F out of your products to force people upgrade and create necessary enrionmental hazzards. I can list 5~10x more problems but I'll stop.

For me, the only thing the life of Steve Jobs that's worth studying is his firm grasp of the people's susceptibility to Marketing.

Tesla driver loses control as car speeds down street

cloudballoon says...

Where's the outrage & conspiracy theories that say "ah Tesla, the machines that the US send to kill Chinese discreetly?" Just wait until the CCP find an excuse to kick (or crippling) Tesla out of the Chinese market.

Chevron Ad

WmGn says...

Professional economist here (hence, perceived as right wing) who began studying economics due to concern about climate change (hence, perceived as left wing).

[1] The classic statement of when markets 'work' is the 'first fundamental theorem of welfare economics'.

[2] 'work' in this sense means 'leads to a Pareto-optimal outcome', which means an outcome in which no one can be made better off without making someone worse off. This is a low standard: an outcome in which I have everything is Pareto-optimal.

[3] the conditions for the welfare theorems are generally not satisfied in practice. Here, as alluded to in the ad, carbon emissions are 'externalities': if an oil company sells you gas, which you then use, both of you are better off, because you're assumed to have taken into account the effects of your exchange, and decided to proceed; other parties have not, so may be worse off.

[4] in general, failure of the welfare theorem conditions isn't enough to make the case for government intervention: the outcome may still be 'constrained' efficient - meaning that, given the inherent constraints in the problem (e.g. asymmetric information), the market outcome is Pareto efficient.

[5] again, even if it is, you may not like the particular constrained efficient outcome the market yields (e.g. I get everything).

[6] in the case of externalities, the theory is pretty well established - if we want efficient outcomes, we need to align the private and social costs. There are two basic market-based tools for doing that: quantity tools (e.g. carbon permits) and price tools (e.g. carbon taxes). Which performs better depends on the sort of market imperfections.

[7] obviously, we will never have a perfect estimate of the efficient price or quantity of carbon to emit in a given year. Equally obviously, to me at least, this is a classic case of an externality with a well developed body of theory pointing in the direction of some level of controls.

[8] in my experience: people familiar with the economic theory tend not to be 'pro-market' or 'anti-market': they tend to want to understand how the market can be used to deliver societal objectives and, when it can't, how to correct its imperfections.



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