That's what a lot of people thought in the 2000s, but going by SV salaries the automate or offshore story hasn't really played out! Then again, horses seem to have lost their job in the early 20th century after cars came along, and their population just declined thereafter.
You mean what happens when economy does well enough that it starts overheating which forces an exit from the liquidity trap and turns real interest rates positive? I guess we'll find out soon.
I'm not so sure about that. When the Fed was tapering and starting to raise rates back in 2018, the bond market flashed warning signs in December 2018 with long term rates falling sharply and the yield curve inverting.
Then there's also the market expectations of whether the Fed is willing to go with negative interest rates, which would influence the behavior of bond traders.
Pension funds are required to own some percentage of their assets in govt bonds. Also, many high net worth individuals have a strong preference for safe assets like govt bonds. And then there are speculators who think interest rates will fall and they'll make killing by actively trading on long term bonds. So, there will be buyers. Not all of it is being purchased by central banks.
Central bank buying govt debt or QE is basically just maturity transformation. The Fed / ECB / BoE buys 10 year debt and issues cash which is also a form of govt. debt. IMO, when interest rates are as low as they are, it is foolish to issue short term debt. A lot of people like Martin Wolf and John Cochrane have been calling on govts to take advantage of the low interest rates and issue perpetual (or 50 or 100 year) debt and insulate themselves from sharp increase in inflation or interest rates.
No. Feeling ill is mostly due to the innate immune response which declines with age (so seniors have fewer side effects). The adaptive immunity triggered does not seem to be correlated with the innate response or feeling ill.
1. Central planning might work today but not in a democracy. Keeping the economy at arms length distance from politics seems essential in a liberal democracy. Pretty sure Amazon wouldn’t be as successful if the leadership was elected by employees / customers / stakeholders.
2. The problem with autocracy + central planning is when things go wrong or the world changes in some important way (or people’s preferences change). No way to correct or replace the administration without revolution.
So, I’d still bet on liberal democracy and capitalism over the long term.
Both PS5 and Xbox use AMD Zen 2 CPU. I guess you meant that PS5 and Xbox don't use Intel CPUs.
I highly doubt Intel wants to be in the low margin business of supplying console CPUs. Intel's fortune is entirely dependent on whether it can get back advanced process node crown from TSMC.
I liked the article, but it's not entirely clear to me what the cause of the problem was. Linux delays sending out data only if the data size is less than the packet size AND the previous packet in not yet ACKed (Nagle's algorithm). My guess was that this app is doing a write, write, read and hitting the delayed ACK problem.
Lower power versions of what they put in Tegra / Switch? Or perhaps they can whip up something in 1-2 years. I'd be astonished if nVidia doesn't take any interest in smartphone GPUs after this acquisition.
nVidia clearly wants to compete with Intel in data centers. But how does buying ARM help with that? They already have an architectural license.
Right now, I can see nVidia replacing Mali smartphone GPUs in low to mid-end Exynos SoCs and the like. But it's not like nVidia to want to be in that low-margin area.
It is getting worse for Flash. There are consumer M.2 SSDs that have huge heatsinks and some even with fans!
Mark Cerny says this is a concern for PS5 which will have user expandable SSD storage. Unlike SATA drives, the M.2 standard doesn't define z-height, and the drives that meet the PS5 min spec are too thick right now.
Too much concentration of wealth and assets and way too much indebtedness. Consumer spending is maxed out in the US. A thought experiment: If you own the world, what would you want to do? Solar energy for those who have nothing to give you in return or space exploration or something else you fancy? This had happened before in the US around 1929. There are some old federal reserve documents that describe exactly this situation. War, inflation, devaluation, and redistribution was the way out.
This is definitely a bigger problem in EU. Greece and Italy are top of the list with this problem and could benefit from a devaluation.