Is The Economy Just Now Falling Apart

Declan

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Could be a rough day for stock bow that billion of magic dollars in foreign aid has stopped and heavy tariffs have been slapped on columbia as a bitch slap
 

Mad as Fish

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Declan

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Nvidia alone today is down 600 billion dollars or 16%

looks like the party is over
 

jpc

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Nvidia alone today is down 600 billion dollars or 16%

looks like the party is over
Well the caveat to that is the Chinese AI (DeepSeek)alternative to ChatGpt which doesn't need the Nvida chips or energy consumption.
The disruption of the disruptor.

 

Declan

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Down 18% with an hour to go. There will be “bargain” hunters here because that tactic has worked for decades, but maybe this is the exception. That is why volumn is exactly 3 times normal. I would not be surprised if it went to 4
 

it_is_what_it_is

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I do not understand this nonsense pushed. All this is, is a slight correction regards the reality of the the ridiculous increase over the last few years regards the stock price of nvidia, like so many other companies. Jan 2023, two years back it was 20 dollars a share, now it went from 147 to 118 a share and back up again to 128, and it's like some kind of anything other then a correction regards the piss take that is the western stock market and inflation of the dollar. This is a huge problem still for now, as there is too much monopoly money out there for the wrong reasons regards the notions of what is muh AI and these silicon valley clowns.

We are seeing the real potential change regards the web 3.0 nonsense and muh AI, pumping the stock market regards investors that do no understand the scam of muh AI, like web 2.0 was a response to the 2000's It collapse.

Thank fuck for the chinese and opensource algorithms, which is what it is, advanced algorithms, little to do with actual real AI, it is algorithms that are trained on all the shite that the internet has to offer regards training your algorithms with. Where if ye are doing it with efficiency, as a part if the execution of such regards outcomes, you don't have to spend stupid amounts of money and energy regards getting similar results. The inefficiency of the west is getting to levels of bad that is and will cripple us completely, it isn't just die and pushing the foreigner and the women over the white male, it is a fundamental lack of understanding of balance regards particular work done and outcomes regards such. In terms of software, it has been a response that software is costly for decades, so throw cheap hardware at it, and so you end up with with a situation that efficiency in software is off the cliff regards the chinese as example in this case, or in general regards software produced.

The issue is that such software is based on cheap energy and hardware for years now, which we do not have in the west anymore increasingly.
 

Declan

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This is a big deal for at least two reasons.

600 billion dollars has disappeared.

this important industry that the US thought they could dominate, could be over for them.

it that is the case, this company has made untold multimillionares and higher.
They will rush to cash in and the price could drop 50 dollars tomorrow, then we are talking maybe 1.5 trillion, or more. So many people that are worth millions will be shattered.

For rxample, I had a woman out on tour about 6 years ago, her father had 12 million dollars in the market, nearly all in 2 stocks, Nvidia being one. It would be worth maybe 60 million last Friday if half was Nvidia.

lads like that will race to the exit if this stock drops tomorrow, and the whong thing could collapse.
Or is could stabilize. But if the chinese technology is so much better, it is curtains
 

Mad as Fish

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Well the caveat to that is the Chinese AI (DeepSeek)alternative to ChatGpt which doesn't need the Nvida chips or energy consumption.
The disruption of the disruptor.

From that I gather the excitable fellow thinks that because AI hardware is falling in cost then the price of AI will fall as well. I am not so sure, for, as mentioned before, the far greater cost is in its implementation and it still can't reason, so the demand may not be as great as all the boys falling out of bed in anticipation may be expecting.
 

jpc

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I do not understand this nonsense pushed. All this is, is a slight correction regards the reality of the the ridiculous increase over the last few years regards the stock price of nvidia, like so many other companies. Jan 2023, two years back it was 20 dollars a share, now it went from 147 to 118 a share and back up again to 128, and it's like some kind of anything other then a correction regards the piss take that is the western stock market and inflation of the dollar. This is a huge problem still for now, as there is too much monopoly money out there for the wrong reasons regards the notions of what is muh AI and these silicon valley clowns.

We are seeing the real potential change regards the web 3.0 nonsense and muh AI, pumping the stock market regards investors that do no understand the scam of muh AI, like web 2.0 was a response to the 2000's It collapse.

Thank fuck for the chinese and opensource algorithms, which is what it is, advanced algorithms, little to do with actual real AI, it is algorithms that are trained on all the shite that the internet has to offer regards training your algorithms with. Where if ye are doing it with efficiency, as a part if the execution of such regards outcomes, you don't have to spend stupid amounts of money and energy regards getting similar results. The inefficiency of the west is getting to levels of bad that is and will cripple us completely, it isn't just die and pushing the foreigner and the women over the white male, it is a fundamental lack of understanding of balance regards particular work done and outcomes regards such. In terms of software, it has been a response that software is costly for decades, so throw cheap hardware at it, and so you end up with with a situation that efficiency in software is off the cliff regards the chinese as example in this case, or in general regards software produced.

The issue is that such software is based on cheap energy and hardware for years now, which we do not have in the west anymore increasingly.
You're after nailing it wrt cheap energy and databases.
Not a single mention anywhere else on this impediment to happy la la land of ai.
 

Declan

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Microsoft, tesla and facebook after the market closes today. Apple tomorrow

if these are bad, it is kaput
 

Declan

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IMG_2020.png
 

Declan

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If you bought facebook just 2 years and 3 months ago, you would be up SEVEN TIMES.
How is that possible with a monster company??????
 

Mad as Fish

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This is going to cause ructions.
Especially for small mechanical parts for maintenance.
And who knows what else.

The whole supply chain is going to be shifting as companies find ways of sourcing components closer to home and less vulnerable to political interference or distribution disruption, but it won't be happening overnight.
 

AUL LAD

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With retirement age looming I was looking for something part time myself, just to slow down a bit. There is very little out there compared with a year ago.
learn to drive a bus --do a school run 3 hours per day --team up with 2 or 3 other people and do property maintenance/management for those who have property but no time and no skills --you can do 1 day or 2 days per week driving vans giving days off for two or 3 companies -- do vehicle delivery's -Ireland and uk .
some people want somebody to bring a vehicle for test and back again some want a vehicle brought to a main dealer and you figure out the public transport back .
share a tow truck between 3 of you and do nights days whatever suits .
tell me what you think-- there are a thousand things you can do if you are not a gobshite -- companies will look after people who will take their time and not cost them either money or time .
 

Mad as Fish

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learn to drive a bus --do a school run 3 hours per day --team up with 2 or 3 other people and do property maintenance/management for those who have property but no time and no skills --you can do 1 day or 2 days per week driving vans giving days off for two or 3 companies -- do vehicle delivery's -Ireland and uk .
some people want somebody to bring a vehicle for test and back again some want a vehicle brought to a main dealer and you figure out the public transport back .
share a tow truck between 3 of you and do nights days whatever suits .
tell me what you think-- there are a thousand things you can do if you are not a gobshite -- companies will look after people who will take their time and not cost them either money or time .
TBH Aul Lad I've had my fill of driving over the years, The PSV is the only category I haven't got on my licence and I have a genuine concern that I have become too impatient with traffic to be totally safe. Property maintenance is certainly an option, as is freelancing in my present job.
 

AUL LAD

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TBH Aul Lad I've had my fill of driving over the years, The PSV is the only category I haven't got on my licence and I have a genuine concern that I have become too impatient with traffic to be totally safe. Property maintenance is certainly an option, as is freelancing in my present job.
What do you do.
i have a shed full of daft stuff i bought at auction and if you go to closed unsold s of some of the auctioneers they will take a bid on what has not sold .
i buy simple but purely industrial high end equipment sometimes for very little and it has a box with an on off switch and a motor be it drill or vacuum cleaner - if you stick to stuff a handyman could fix you wont go wrong .
for example -- by trolling all the auction houses -i bought 4 PET AIR compressors for making plastic bottles 400 bar each a typical compressor is 10 bar -- they were 72 euros each and one of them is new with a retail of 20,000 approx - they were sold by a lazy yank auction house who held their auction in America at 0900 EST and relied on a single picture of a plastic shroud for a fan belt and a motor --they were listed as 4 x25hp motors used , they were in a American co in clonmel who used this auction house for their worldwide equipment sales and the lazy yank was used to dealing in millions and took his eye off the ball i am sure i was the only bidder and i have learned if the item is badly photographed and described the person selling does not know is it worth a 50 euro or less and you start at the BOTTOM and see do you get a reaction .
the English auction houses have a high start bid and they know roughly what it is worth so your only hope is the closed unsold s
if you take an interest in for example Irish silver Georgian teapots and quickly become an expert --i meet them in fonsie mealys auctions and they have customers in America and Canada who are collectors and put their money into items which go up in value -- these lads are well off from trading small items to people with oodles of cash and are time poor -- education and a head for figuring out the market is all you need --most markets are the same .
you assess the rarity of the item -the current value here and the value elsewhere and the cost of sending it elsewhere and if there is a margin then you have a little business'
many women make clothes and jewellery for online .
if a person specialized in making clothes bespoke for disabled or badly injured people --you have a market almost to yourself .
i know one man who reconditions a very complex Volvo gearbox and makes a very good living in a small shed at the back of his house -volvos price is a whopping 26,000 so he has room for his margin from that.
if you come across a real demand for something and your knowledge tell you i could do that for a lot less without making a bodge of it then go for it .
i have mobile bluetooth speakers which are not dear and i play lectures while i work in the garage and while i drive and i sometimes have to hear the lecture 3 times to get a good grasp of what they are saying as i am so short of time i cannot stop and just listen .
when you retire you get very busy as with a list of things to do which you could not do while working you quickly run out of time .
i now take a midday break and sleep for 20 minutes and sometimes shower and you start a new day mentally and physically and the training you give your mind now is fuck them all i am going to lead a stress free life from here on out and you do that.
if you are tired simply sleep- the difference it has made to me to realize i will not and do not have to lead a stressful life is amazing .
life starts at 66-- no more bundles of letters from the tax man or some government NGO and we have thousands of them who suddenly TELL/DEMAND you hire accountants to complete their surveys or other -- i eventually turned on them and said you are affecting my health i am about to retire -- they run when you make public their bullshit as their golden rule is collect the money from the government and be invisible while doing it .
look forward to your retirement and there are thousands of businesses who have to employ mad drug taking thieving cunts and they would be very glad to meet a sane person even for 2 days a week.
 

willows68

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We could have invested in infrastructure and indigenous manufacturing, our own tech startups. Built houses for the workers, and incentivised our greatest resource, our youngest and brightest to stay.
Instead we enriched the already rich and voted in mediocrity.
Now we don't even have a metro to our main airport, and hundreds of thousands of gimmegrants, with that other golden goose, our tourism industry struggling on life support.
I guess we deserve what is coming, sad to say.
 

clarke-connolly

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We could have invested in infrastructure and indigenous manufacturing, our own tech startups. Built houses for the workers, and incentivised our greatest resource, our youngest and brightest to stay.
Instead we enriched the already rich and voted in mediocrity.
Now we don't even have a metro to our main airport, and hundreds of thousands of gimmegrants, with that other golden goose, our tourism industry struggling on life support.
I guess we deserve what is coming, sad to say.
In Ireland's past ~ ~ This sort of Treason would have ended up with an IRA ? !

Will there be an IRA again ? !
 

willows68

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I'm just back from Lisbon. Comparable population to Dublin.
At my count: 4, four, lovely metro lines. Excellent public transport. Hey, they even have a high speed train, and good trams and buses.
Also part of PIIGS, if ye remember.
Our politicians are in a class of their own, it has to be said.
The train ride from Heuston to Killarney has got to be one of the most painful experiences to be had anywhere. Tty taking a train from Cork to Galway and ye lose your sanity.
Public transport, what's that.
 

Mad as Fish

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willows68

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Fashion is one of the first sectors to be hit as people curb their spending.
Awful tat in those shops. Made in China fast fashion. I feel sorry for the staff, but the writing has been in the wall for the likes of New Look.
Bearing in mind ofc that all of the middle class's joys are to be erased: individual transport, travel and retail choices are to be only for the light lords.
Neofeudalist drudgery for all else that remain.
Anyone been behind the Iron curtain circa 1980? Like that, only greyer and with more surveillance and medical tyranny.
 

Declan

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We are in full scale crash warning now as the bubble is burst. Watch out below and gold and silver will get crushed as well.

i feel the biggest loser will be the untold 1000s of crypto couns
 

AUL LAD

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We are in full scale crash warning now as the bubble is burst. Watch out below and gold and silver will get crushed as well.

i feel the biggest loser will be the untold 1000s of crypto couns
MY bones say crypto will climb and be then flooded with sales to collapse it along with carefully placed hit pieces in order to get the really only true currency in the world apart from gold and silver .
gold and silver will be confiscated as before when the shit hits the fan .
crypto is not so easy.
 

Declan

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I am not really knowledgeable about the technical aspects to crypto but it is infested with a variant of roma and nigerian style thieves.
When the poor lad killed himself, people put out couns and sold them using his name.

Lately, I have come to understand that millions are just existing , playing and living through video gaming.
Nothing like this has even hapoened in history. Mass delusions like tulipmania, is nothing compared to these virtual universes
 

Mad as Fish

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Hot off the presses !
So what Yankee products will we have to learn to do without during the incoming trade war, Netflix, jibby jabs and Harly Davidson? No great hardship really
 

Declan

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An important earning report from Nvidia in about 10 minutes time
 

jpc

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So what Yankee products will we have to learn to do without during the incoming trade war, Netflix, jibby jabs and Harly Davidson? No great hardship really
Boeing, John Deere, Catterpillar Milwakee tools.
That's the good stuff.
Well Boeing!!!! Apparently Ryanair have their own engineering reps on site.
 

Mad as Fish

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Boeing, John Deere, Catterpillar Milwakee tools.
That's the good stuff.
Well Boeing!!!! Apparently Ryanair have their own engineering reps on site.
Interestingly I have seen Ryanair staff wearing ID badges dangling from Boeing neck ribbons of late.

John Deere makes its European tractors at Mannheim, the old Lanz factory, the sort of production facility that can't be moved abroad very easily, Caterpillar owns Perkins engines of Peterborough, which might not be subject to a trade war so I imagine both will stay put, it depends on how these tariffs are applied. Can tariffs be applied to goods produced by an American company within the EU?

In fact all the major tractor manufacturers are owned by an American company. New Holland is a part of CNH , owned by Exor which is listed on the NY stock exchange, but its still the Agnelli family (think Fiat) that controls it. AGCO owns Massey Ferguson (now built in France), Fendt (Germany), and Valtra (Finland). European brands which might benefit are Landini/McCormick (Italy) and Same Deutz Fahr, (SDF, Italy) but there is no way they could replace the US owned names and farmers won't buy Chinese.

It will all be one huge mess.
 
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Declan

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It will not be a mess at all, only goods coming into the US will have a tariff. Massey can build a tractor in england and sell it in italy etc without issue
 

Mad as Fish

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It will not be a mess at all, only goods coming into the US will have a tariff. Massey can build a tractor in england and sell it in italy etc without issue
That's what I was thinking, they don't apply to goods made by American companies that are not imported back to the States. John Deere, for instance, will be largely unaffected as its German built tractors are mainly destined for European markets while some of their US built models do make it across here, but not that many.

Oh, Should mention that Massey Ferguson hasn't built a tractor in England since 2002.
 

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