> net unproductive people.

lol, the "unproductive people" are the privileged white demographic. You are getting engineers, doctors, professors, phd students on scholarships and affluent families as your immigrants, while you squander away your stimulus checks on 0dte plays.

But keep licking up to the right-wing nuts, who do everything possible to make your life difficult, ensure terrible wages, fuel up military industrial complex stealing funds from the most basic social support system and write corporations blank checks.

The irony, if you knew how to use that word, is not realising how you are exactly the lazy, privileged, misinformed idiot that is a product of a failing system.

Construction of buildings, putting plumbing lines, electricity outlets is not driving a country's innovation and tech lead, as shocking as it may be to comprehend that. This is such an inane comprehension of real world, I don't know where to begin explaining how stupid it is. By your "logic" - not even worth calling that, schools failed you terribly - developing countries should be world leaders because they are in fact overcrowded with low-skilled workers.

The Central Banks basically inflating the economy with NIRP and mindless QE + loan programs, year after year, decade after decade, while we live in a low growth/low inflation environment. There were fears that would be our fate for a while now, and then suddenly this supply side constraints and sudden increase in demand shook things up. Newer generations are not only holding off on having kids, bringing down birth rate, they are also delaying participating in the conventional credit cycles, choosing a less productive lifestyle in non-STEM, non-business careers (trade schools etc), which is creating a talent gap (for now, USA can still fill it with immigration, and then the right-wing nuts lose their minds without seeing the bigger picture).

Everything is running on debt more than actual growth: the markets react positively to bad news because it means debt will be cheaper when Feds relent and decrease rates eventually. Corporations are spending money on share buybacks and monopolies pretty much hold the economy hostage. Tech used to lead the pack in growth because there was so much to reap from just Moore's Law scaling. Now we are at the end stage of that, plus a saturation of mobile computing and cloud computing. What we are left with are dubious future tech and protocols, which are desperately creating problems to solve than the other way.

Feds are way more powerful than BOJ, so they can still get away with most of it. And USA got their buddies in EU and western world to ensure it maintains dominance over rest of the world, while "outsourcing" its misery to the poorer countries in due time. But with rise of China, Asian and African countries finally have an alternative to the oppressive/meddling shenanigans of west. An open challenger stands in the way and the curmudgeons in American politics barely know how to respond besides the sanctions and bullying tactics - which China is using to its advantage to corner its part of the world.

EDIT: triggered the idiots already. You guys are a parody of yourself.

The Feds just as easily might do away with it too. If holding the interest rates at even 5% does enough damage to bring inflation down over the next 2 years, they will consider it a "success". And the moment they even decrease rates once by 25 bps, markets will lose their minds and rally to new highs. We are entering a new era now, where "Japanification" of American and in turn global economics is underway - hopefully, a very slow process unfolding over several decades before we sell next few generations for our immediate needs. The classic debt cycles will be abused worse than rule 34 hentais about Sammy the assistant.

stop wasting time on astrology and learn astronomy

you're way too smart for this sub, it's like a suited wallstreet banker walks in on the homeless bums huddling behind a Wendy's dumpster fire.

I just find the reaction from Pichai weird: calling Page/Brin in, but why not keep that super-confidential? It has been all over the news for days, and makes it seem like Google was completely caught off guard with ChatGPT's performance. Google, the company that introduced the idea of "intelligence" to data aggregator services. Maybe Pichai is just working overtime and panicked, but seemed weird how he reacted to Microsoft.

Man, using chatGPT all the way to dismantle Google's panic is perhaps the most stinging example of, "putting salt on the wound(s)", but like just a buttload of salt at this point.

Was really weird how Pich-AI went into panic mode. Why did they not control the news of Brin and Page being called in. Makes Google seem so weak and caught entirely off-guard.

god damnit, why do none of you make dds on these companies! We all could've been hundred thousandaires by now 😭

That's it, and that is why I don't get the mania or paranoia around it. Technically, it's a great achievement and a step in right direction to create a machine better capable at understanding context. It is really good at ascertaining the right context and use of language. The only "disruptive" event going to happen is now you can go to chatGPT for queries rather than Google search. Already, other software can identify when a student just copies chatGPT response for assignment, so it didn't really negatively affect academia. It would be something if Google could match that context-awareness in its search algo. It already is quite good, but sometimes it is a bit difficult, especially with technical searches.

now if that ain't a funny summary of the limitations of machine learning lol

should be called DadGPT, amirite?

You can try scalping on forex markets. Open an account with a respectable enough broker. IC Markets seems alright. 500:1 leverage, but located in Seychelles. If you can spare around $10-20, you can scalp on 100:1 leverage every day.

whoever is your plug, tell them to dilute the heroin more

> Or are you guys not the same guys that cared about sticking it to the guys screwing you like you did with GameStop

lol, that demographic was not what r/wsb was about. The chest-thumping, virtue signalling dipshits who were really in it for the money, are not trading. The purpose of trading is not to, "send a message". This isn't a fucking movie, you're not the renegade hero/anti-hero/whatever the fuck you kids worship in movies now.

DFV saw a good opportunity to buy a stock that was shorted beyond the available open float, a company that had not really gone full bust yet. The people who joined him initially did it knowing exactly their motivation: make money. The rest of the monkeys who join in were do busy congratulating themselves for, "sTiCkInG iT tO tHe SyStEm", not realising they are just bagholders looking for a get-rich-quick scheme. The cults followed, because fuck the fact the stock that you just like so much was struggling to operate already and despite all the popularity, does not really know how to stay relevant in the era of streaming HD services and online platforms like Steam.

You guys are just as miserable as that narcissist running twatter. Another side of the same degenerate coin.

that's loose change in these streets here. Better luck next time.

Trying to be as macro agnostic as possible these days. Just scalp my way to loose change.

It's a complex topic, which requires a careful analysis of the history and colonial "inheritance", the calculus of power and the doctrine of legitimacy in consensus at the time - ignoring the thorny issue of whether that consensus is reached through a quorum or by force.

But F obviously.

> How about you try googling it

> None of this means the market machinations are accurate or make any sense

lol, that's how I know when I am talking to a moron. EMH is known to be quantifiably false since at least 1960s. "GoOgLe It", dipshit.

> why they are all efficiently fucked up.

keep screeching "efficiency" a couple of more times, maybe you'll convince yourself you understand what it means. Now go shove your head back up your own ass.

Seems like a very good chart, if you have the financing to just make it for the next 6-12 months. The next rally is going to be phenomenal: it's not just the usual economic cycle, there's a tech cycle that's synchronising with it, which is always the precursor to new fields and industries (and monopolies) emerging = huge growth potential.

Kind of looking forward to mid- to late-2023.

Throwing the word "information" around does not mean you explained anything. Everything is information. It's one of those, "nothing" answers.

Question is specifically what process/model/metric/method/even theory (if one can aim that high) is used to state with a quantifiable probability, that this or that piece of news/"information" is "priced in"?

Anyone who ever uses the phrase, "pRiCeD iN", first needs to give a grounded, empirical, detailed description of what they mean by that magic phrase. What metric do you savants use to say that this or that piece of news is magically, "priced in"? What's the scale of this metric, what are the extremes of this scale and what theory/model describes the gradient across this scale?

> Short term trading is the hardest fucking thing ever to learn

lol, calm down with glorifying gambling. You're just guessing, and sometimes the game of chance is in your favour, sometimes not. Returns are mostly Gaussian noise, and any faint kurtosis/skewness/fatness of tails/correlations is barely captured by most of the degenerates. On top of that, option greeks are rarely discussed here. I had to go out of my way to learn that stuff. The math is all nice and pretty, but in real time, unless you got dedicated programs linked to data coming from your broker (forget about directly interfacing with exchange), most people are just running on hunches. Even all that effort seems like a mockery, considering someone will get lucky with a YOLO and that post will get pinned to celebrate the survivorship bias.

Whether a bull or bear or kangaroo market, there's no value investing of any kind. Occasionally, some finance student or trader drops in, shares a dd (who knows out of kindness of their heart or just trying to pump the instrument). Rest of the time, we just like the thrill of throwing real-world money after things we barely comprehend.

conspiracy by lizard overlords to make our lives boring

As long as people feel loans are, "cheap", from the small guy to the big investors, bottom is not in. For that matter, bottom is not in, as long as the Feds keep lighting a fire under economy's obese ass cheeks. When Feds stop, bottom is in.