Anybody Buying Yet? Where’s the Bottom?

[Forkyfinder]

Plenty of vacant Shopko buildings to fill, before gobbling up vacant land.

A solution so far fetched it could be a poltiical slogan.

 

[BigHornRam]

A solution so far fetched it could be a poltiical slogan.

It's a better idea than turning em into Boomer internment camps.

 

[SAJ-99]

I agree in principle - but what other technical innovation has caused that?

I.e. industrial revolution, internet, internal combustion engine, etc

Sure. Sewing machine, oil, electricity, the train, etc all helped. Only difference is those occurred over decades. Change is inevitable. It is the pace of the change that has me wondering (and the accounting fun happening with company earnings). Productivity is usually pretty consistent over the long term. It usually spikes after recessions. Right for we are close to 3.5% which is really good for a non-post recession reading. The issue is the unemployment rate for those 22-27 was almost 8%. So it looks like the increasing productivity is bleeding through to employment. New jobs data tomorrow so we get to see another data point on the trend. There is still a picture that can be sold depending on a persons view. If you have options in OpenAI this is the greatest invention since the wheel. If you are a doomer, this is the end of the world we know.

 

[Addicting]

Of course I too am going to argue for the midwest where the habitat and species concerns are far less delicate, water is abundant and importantly has a far less burdensome legal structure around it's availability. But, of course the Michigan farmer is going to have an opposite viewpoint that I cant say is less legitmate.

The issue we are seeing is that electric bills skyrocket when a data center comes in.

The grid is not set up to support that kind of power. So if it’s approved we have all the resources but power. The cost to update the grid falls on all the customers. They say the power won’t cost anymore. It doesn’t but they just add massive delivery and maintenance fees. We already pay around $96 a month in fees. The data centers have proven to 2-3x that number.

We just had to refit and refire a nuclear plant that had been decommissioned due to lifecycle. All of us paid for it. We still have the coal plants that were supposed to be decommissioned years ago. They are all still running trying to keep up with demand.

 

[Exhausted]

Sure. Sewing machine, oil, electricity, the train, etc all helped. Only difference is those occurred over decades. Change is inevitable. It is the pace of the change that has me wondering (and the accounting fun happening with company earnings). Productivity is usually pretty consistent over the long term. It usually spikes after recessions. Right for we are close to 3.5% which is really good for a non-post recession reading. The issue is the unemployment rate for those 22-27 was almost 8%. So it looks like the increasing productivity is bleeding through to employment. New jobs data tomorrow so we get to see another data point on the trend. There is still a picture that can be sold depending on a persons view. If you have options in OpenAI this is the greatest invention since the wheel. If you are a doomer, this is the end of the world we know.

I've heard Jimmy Carr quote Hemingway about going broke, "Gradually, then suddenly."

I feel that way about AI and associated impacts. This is the "suddenly" end of "gradually" that started with the internet decades ago.

 

[Bonasababy]

Sure. Sewing machine, oil, electricity, the train, etc all helped. Only difference is those occurred over decades. Change is inevitable. It is the pace of the change that has me wondering (and the accounting fun happening with company earnings). Productivity is usually pretty consistent over the long term. It usually spikes after recessions. Right for we are close to 3.5% which is really good for a non-post recession reading. The issue is the unemployment rate for those 22-27 was almost 8%. So it looks like the increasing productivity is bleeding through to employment. New jobs data tomorrow so we get to see another data point on the trend. There is still a picture that can be sold depending on a persons view. If you have options in OpenAI this is the greatest invention since the wheel. If you are a doomer, this is the end of the world we know.

An optimist thinks the backlash against AI is already building and will only get stronger. Which wont kill it but hopefully can lead to steering it in productive directions while mitigating harm.

 

[Rainer]

Didn't Kevin O'Leary just get the go ahead to start building his 40,000 acre data center in Utah?

 

[SAJ-99]

Which wont kill it but hopefully can lead to steering it in productive directions while mitigating harm.

Our track record at the mitigating harm part isn’t great.

 

[Handlebar]

I've heard Jimmy Carr quote Hemingway about going broke, "Gradually, then suddenly."

I feel that way about AI and associated impacts. This is the "suddenly" end of "gradually" that started with the internet decades ago.

I watched Jimmy Carr on a podcast not too long ago He talked an increase in the surveillance of the people by governments and now they would have truly unlimited ability to do so.

 

[SAJ-99]

The semiconductors these past 6 weeks have been just unbelievable. This leveraged ETF is up 4x in just over a month.

View attachment 407694

false breakdown yesterday, kicked sellers in the teeth today. just WOW!