Larger cut than I think was appropriate at this time. Employment is cooling, but still positive. I wonder if some of the unpublished leading indicators show a more bearish picture...
whyrat
joined 1 year ago
A photo op that would be so easy to arrange...
Check out Fez if you haven't already. Also Tunic does a great job of starting out basic & breaking precedent.
I'm enjoying what they released this year too. Beautiful People is now on my regular playlist.
Hackers and hobbiests will persist despite any economics. Much of what they do I don't see AI replacing, as AI creates based off of what it "knows", which is mostly things it has previously ingested.
We are not (yet?) at the point where LLM does anything other than put together code snippets it's seen or derived. If you ask it to find a new attack vector or code dissimilar to something it's seen before the results are poor.
But the counterpoint every developer needs to keep in mind: AI will only get better. It's not going to lose any of the current capabilities to generate code, and very likely will continue to expand on what it can accomplish. It'd be naive to assume it can never achieve these new capabilities... The question is just when & how much it costs (in terms of processing and storage).
The reality of Texas green energy is so detached from the political rhetoric from politicians... The state making the most wind energy has leaders in the capital demonizing it while the state finances (and citizens) clearly benefit. I wish the voters of Texas paid more attention and called out such obvious gaslighting :(
Gravity is caused by a bunch of invisible gnomes with long arms hugging everything. Planes can fly once they are going faster than the gnomes can run... Helicopters because the spinning blade scares them.
Your pizza probably had pineapple on it, they hate that.
Usually these costs are including education and childcare. In the US you can easily expect to pay around $1K / Month for full time child care between the ages of 6 months and 5 years (when they'll start public school). Here's a recent summary for major cities in Texas reflecting that amount: https://tootris.com/edu/blog/parents/child-care-in-texas-can-cost-up-to-10000/
That's over $40K just in childcare costs before entering school. Now, many people don't have to pay this because they have family (or a non-working spouse) who assist; but from a cost perspective it's fair to include.
Add on to that food, clothing and such... between ages it's easy to see how some estimates can reach over $200K through age 18.
The Ola one looks pretty dang nice; if it were available in the US I'd probably buy one just for random rides on nice weather days.
https://newatlas.com/motorcycles/ola-electric-roadster-motorcycles/
PPI at 0.1 brings us solidly back in line with pre-covid inflation numbers; with the 12-month at 2.2.
Core PPI still higher at 0.3 (3.3 for the 12 month period).
Certainly feels like the covid kinks have mostly worked out at this point and prices have stabilized... If there's no shocks it's looking much more likely the Fed lowers interest rates this quarter.
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Inflation risk is more likely from a US China trade war or conflict escalations in eastern Europe or the middle east. The interest rate was a pretty blunt instrument to combat COVID induced inflation; but it's the only one the Fed has.
I'm concerned the stock markets are already overvalued; (edit: S&P500 used for these numbers) up 17% YTD over 85% on a 5 year mark... that's borderline bubble; throwing more cheap money at it isn't what we need at the moment; a more cautious return to lower rates is called for in my opinion. Give the markets time to digest and use the meeting minutes to signal likely further declines.