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GordonAShumway

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GordonAShumway
·в прошлом году·discuss
Erm. Without risky behavior there’s no innovation.
GordonAShumway
·в прошлом году·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
·в прошлом году·discuss
The US runs a $1T surplus in services.
GordonAShumway
·в прошлом году·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
·в прошлом году·discuss
I was just amused that a former comptroller of the currency discovered U-6!
GordonAShumway
·2 года назад·discuss
Erm, why on earth does anyone buy inkjet anymore? Seriously just go get one of those cheap and cheerful brother laser printers!
GordonAShumway
·2 года назад·discuss
Good god these guys hate the free market.
GordonAShumway
·2 года назад·discuss
Yep! Ask any PhD candidate in America how they love those poverty level wages!
GordonAShumway
·2 года назад·discuss
Hats. The fedoras they wear shades their faces from view, m’lady
GordonAShumway
·2 года назад·discuss
No, not really --it means financial engineering became more important than actual engineering for stock valuations.