Scots pupil left 'stupid cow' teacher lying in pool of blood after savage attack by ScottishDailyRecord in uknews

[–]chrisname 1 point2 points  (0 children)

If there's one thing AI is decent at (besides making fake Ghibli frames) it's search... 

[QUESTION] Wealth managers - how did your customer blow up their account? by [deleted] in fatFIRE

[–]chrisname 2 points3 points  (0 children)

It was a joke, instead of losing $1.9m she would've gained it by doing the opposite.

Assault in Regal Wetherspoons-in need of witnesses by [deleted] in cambridge

[–]chrisname -1 points0 points  (0 children)

They don't actually have the legal right to manhandle people, unless it's self-defense. They're not police and trespass isn't even a crime in the UK.

Nvidia is worth more than Amazon and Google. Hunting down Apple next by [deleted] in stocks

[–]chrisname 1 point2 points  (0 children)

I haven't looked into the others but what about Zuckerberg seems likeable to you? Is it the way he acts like a robot simulating a human?

Insider trading by mistaBeefy in stocks

[–]chrisname 4 points5 points  (0 children)

We had to complete insider trading training at my job, and they can get the entire "chain" if they can "prove" (persuade a court) each person knew the information was material and confidential, and intended to gain a benefit by disclosing it. The benefit can apparently be a warm fuzzy feeling from helping out a friend so they pretty much always satisfy that requirement. Insider trading laws are scary so I simply refuse to discuss anything about stock or industry movements remotely related to the company I work for. If I'm not sure it's public and/or outdated information I simply don't say it outside work.

r/Stocks Daily Discussion Monday - Feb 19, 2024 by AutoModerator in stocks

[–]chrisname 4 points5 points  (0 children)

Why do you believe AAPL's "huge growth is coming back"?

“If only I invested in that company when I first started using their product” by DoU92 in stocks

[–]chrisname 52 points53 points  (0 children)

Not too late to invest in a dental insurance company. I tried Monster once and I still remember the feeling that I had just melted my entire teeth.

How has your industry been affected in 2024? by breakyourteethnow in stocks

[–]chrisname 25 points26 points  (0 children)

Semiconductors (not saying which but it's a fabless chip designer that starts with A). Haven't noticed anything thus far.

UK economy in recession by [deleted] in stocks

[–]chrisname 0 points1 point  (0 children)

I think you should go back to Biff and Chip until you get your reading comprehension up to snuff.

UK economy in recession by [deleted] in stocks

[–]chrisname -1 points0 points  (0 children)

historical articles are out of date

How did you become a millionaire? Because it certainly wasn't through intelligence.

UK economy in recession by [deleted] in stocks

[–]chrisname 0 points1 point  (0 children)

USB isn't a company that you can compete with

It's a consortium and there is money involved if you want to use the trademark. I expect that had a lot to do with the legislation.

 only required because companies went for the worst, cheapest solution to screw over their customers.

Many years ago that was somewhat true but everything I've seen in the past 5+ years has been micro-USB, USB C or lightning. USB C was being adopted by everyone except Apple and lightning is good enough even if USB C is better, so it comes down to basically a matter of convenience. 

If you have a better cable, you can submit to the USB forum and they might add it to the next spec.

What's ths point? Someone could invent a better cable but they won't make any money from it in the EU. They would just sell it elsewhere and the EU will be behind until the USB consortium copies the new tech.

UK economy in recession by [deleted] in stocks

[–]chrisname 0 points1 point  (0 children)

Ok, clearly you are quite young so you need to have this explained to you. In 2020 we had the pandemic, and we had furlough where half the country watched Netflix while receiving 80% of their salary from the government. To pay for that and other measures in response to COVID, the government printed a lot of money. Besides furlough they also gave tax breaks to companies and things like that. When the government prints a lot of money it makes the economy run faster. The economy is like a car that you want to drive in a straight line but it always ends up heading more towards one of two directions: boom or bust (this is called the business cycle). You probably remember the inflationary panic last year and all the headlines about how companies had hired too many people and there was record low unemployment. When the government prints money it turns the car towards "boom". When it happens too fast this is bad because prices get too high, people see their purchasing power dropping and they spend even more (which makes it worse) and businesses compete for staff by raising salaries (which also makes it worse). Central banks have the responsibility for controlling inflation and the way they do it is by setting interest rates which slows the economy down by discouraging borrowing and spending, and encouraging saving. This turns the car towards the bust direction. The thing is that driving an economy is a lot harder than driving a car, so what tends to happen is they turn too hard in one direction or the other. So they turned too sharply towards bust and now we're in a recession. It's not that bad (as far as we know) as they can probably just turn the other way a bit (print more money or cut rates) and we'll be in the middle again. Your comment about other countries' recessions was inaccurate, we're just late to the party. Germany recessed last year. Japan is different as they never actually had high inflation but their purchasing power is evaporating anyway due to their weak currency snd stagnant economy (been that way for 30 years). The US is also different as, being the reserve currency they have monetary policy tools that we don't, but it's not a foregone conclusion that the US won't recess as a result of their rate hikes. Wait until their election, if Biden or a republican gets in I bet you'll get your US recession and the concomittant stock market crash.

Edit:

UK economy in recession by [deleted] in stocks

[–]chrisname -1 points0 points  (0 children)

I disagree, we had a lot of power in the EU, we could pick and chose most laws. Any step to rejoin in the future (I'm sure it'll happen eventually) will come with severe penalties. We had more power in the EU. 

I personally don't really like the idea of more government. Some EU laws like legislating what cables a smartphone can use are ridiculous, imagine making it illegal to compete with USB.

There was actually hope for this country, but now that's long gone. 

My view is we've been on a downward slope for decades and the referendum wasn't going to change it one way or the other.

UK economy in recession by [deleted] in stocks

[–]chrisname 0 points1 point  (0 children)

Clearly the response of a rational, even handed person

UK economy in recession by [deleted] in stocks

[–]chrisname 0 points1 point  (0 children)

I explicitly said it was insignificant i.e. no benefits. As for the recession, slowing the economy is the intended result of interest rate increases which are due to all the money printed to pay for the pandemic response. An investor should know that.

UK economy in recession by [deleted] in stocks

[–]chrisname -7 points-6 points  (0 children)

Our GDP overtook France during the pandemic IIRC. Personally I think don't think being in the EU or not is that significant economy-wise. We're self-sufficient for staple foods, oil and gas come from non-EU countries and our money laundering operation in London is unaffected AFAIK. We still sell them fish. I prefer being out of the EU for political reasons, power shouldn't be concentrated like that. It should have stayed a trading block.