Readit NewsThey want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get their reset in a belief they can make it less like the Smoot-Hawley great depression because so many other economic levers exist now, including floating currency, MMT, and massive fintech.
Personally I think it's a mistake but hot takes "they have no idea what's coming" are I believe naive. They know. They just don't care. Some amount of foreign trade will absorb the cost. Not all, not most. Not all prices in the US will rise and some substitution will happen although spinning up cheap labor factories again isn't going to happen in 2025. Maybe by 2027? Rust belt sewing shops and Walmart grade cheap goods production lines?
What amazes me is the timing: the midterms will hit while the bottom is still chugging along. I would think it unlikely they can secure an updraft from this to keep the house. What's the plan for that?
This is a solved problem, and it seems the technical folks over there lacked the skills to make it work. Having indexes is just the tip of the iceberg. Composite indexes, partitioning, sharding, caching, etc, can lower reads to a few seconds on disk.
If they’re so good at dissuading gate keepers, then why is LVMH everywhere and so dominant in luxury goods? Why is it that every single glasses shop in every mall is owned by Luxottica no matter the brand.
The truth is that EU is not good at promoting competition. They’re good at preventing innovation. They’re good at protectionist policies.
How many more cookie prompts do people have to click because of idiotic EU laws?
Some of the best engineers, those that I respected the most, went. People who make no sense.
After last year's layoffs they told us they were "done" and it was "all behind us". Last year then turned out to a better year financially than 2022 (we have access to the top line numbers)
You can't trust anything anyone above you in the management chain tells you. Not one thing. Not ever. Even if they're being truthful they were probably lied to themselves or told a half truth.
Never get invested emotionally. SWEs in particularly no longer live in a world where you can expect to have a rewarding career working for >=5 years at any given firm. Take their fucking money, build a big emergency fund, save, invest, and focus on the rest of your life outside of work.
You can be somewhere for 10 years. have glowing performance reviews, feel like you're making a difference, think it'll never happen to you, not even be aware the company is in shit, and then... tomorrow you're gone.
Your job is NOT safe.
Edit: I’m not sure if McDougall’s papers are specifically on heart disease, actually, and can’t look it up conveniently at the moment. But he’s covered the topic in great depth.
Dead Comment