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GordonAShumway

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GordonAShumway
·ano passado·discuss
Erm. Without risky behavior there’s no innovation.
GordonAShumway
·ano passado·discuss
> why the EU doesn’t consistently run trade deficits.

It’s because, comparatively, the EU doesn’t run as massive fiscal deficits, nor is the EUR the primary reserve currency.

Keep in mind that what the fed article is calling a “saving gap” is really more of a fiscal gap that been plugged by US Treasuries.
GordonAShumway
·ano passado·discuss
The US runs a $1T surplus in services.
GordonAShumway
·ano passado·discuss
Exactly!

It’s about the turns.

I didn’t end up as a carpenter early in my career, but I have been FoH staff in a restaurant. Turns, or how fast you can move your tables, was the main driver in income for you and the restaurant.

LLM code is kind of the same, it speeds up how quickly you can turn over the code to adapt to whatever new biz requirements have come down the pike.
GordonAShumway
·ano passado·discuss
I was just amused that a former comptroller of the currency discovered U-6!
GordonAShumway
·há 2 anos·discuss
Erm, why on earth does anyone buy inkjet anymore? Seriously just go get one of those cheap and cheerful brother laser printers!
GordonAShumway
·há 2 anos·discuss
Good god these guys hate the free market.
GordonAShumway
·há 2 anos·discuss
Yep! Ask any PhD candidate in America how they love those poverty level wages!