bubbleRefuge

Yes. Makes me sick . US consumers have lower and lower standard of living as oligarchs reach trillion dollar net worths.

MMT job guarantee

Its an accounting identity

Federal gov deficit = private sector savings.

Agree with this. The > the organization the > the big brother dystopia. Big corps that say use outlook will ask for admin permissions on your cell which include delete access, reading media, etc if you want to use teams/outlook. So i never opt in. Probably good for work life bal. They can call me in emergencies.

so long and income exceeds or keeps up with inflation growth, it doesn't matter

Yup. SAP and their glorious idocs with german acronyms

In a modern money/fiat money regime, the federal government can afford anything in nominal terms. As such, the solution would be to subsidize the industries that make the most sense for standard of living and national security so they can participate in the market. Use government subsidies to offset the costs of environmental remediation .

Do they let anyone pick for free ?

Its a thing. Living in hurricane alley, I see it all the time. Lines at gas stations, grocery stores, hardware stores. My strategy is to wait till the 11th hour after supply trucks have restocked everything and shop in peace.stores are open, quiet , sparsely trafficed, usually stocked up at this point. Works every time

Absolutely false. Worse case is dollar going down. Interest rates are exogenous and controlled by the fed who can buy all the treasuries in the world at a moment's notice. The treasury securities held by China are their problem . Not the US's.

There is no proof that higher interest rates lead to greater unemployment. In fact, macro employment kind of boomed during the referenced period. I'd posit that higher rates actually boosted macro employment stats . Why ? Because higher rates = higher income to rich people via interest income channel = higher fed budget deficits ( gov is net payer of interest) = higher GDP = lower unemployment ceterus paribus.

a tech mentor once told me what makes a developer great is not how good or talented he is but how good he makes those around him be.

I have a gf in Goias brazil . She told me that she was mugged 7 times for her cell phone years ago . Then a new governor came along and began a policy of. allowing police to execute dangerous criminal gang members rather than arrest them. Now the area is considered one of the safest regions. He's rummored to have presidential ambitions. Guess there is a breaking point when crime and corruption gets to a point where people just have had enough and only want results Justice be dammed.

3 decades. me too. since 97. maybe uber driver was a bad example. what about having a work model similar to a lawyer? whereby one can specialize in creating certain types of business or personal apps at a high hourly rate ?

oh. yeah. finance is to big. they've captured the government.

like someone said above. demand is infinite. imagine a world where the local AI/Engineer tech is a ubiquitous as the uber driver. don't think it will necessarily create smaller paychecks. hard to say. But I see demand skyrocketing for customized software that can be provided at 1/10 of today's costs.

We are far away from that though. As an enterprise software/data engineer, AI has been great in answering questions and generating tactical code for me. Hours have turned into minutes. It even motivated me to work on side projects because they take less time. You will be fine. Embrace the change. Its good for you. Will lead to personal growth.

as long as we keep learning and our heads in the game we will be fine. I worry much more for the non-techno savy like scrum masters. yikes.

would be similar to solution engineers today. you build solutions using ai. think about all the moving parts to building a complex business app. user experience, data storage, business logic, reporting, etc. etc. the engineer can orchestrate the ai to build the solution and validate its correctness.

yeah 100% . picking up pennies in from of the train. thanks for the bits. so I should search on "Variance Swaps"? . I do a great deal of options trading and play around with some ATS software for options trading that i've developed using IB api. lot of factors and complexity as you mentioned. factors like liquidity . IV spikes, are dimensions to consider. thinking of trading high probability 0DTE spreads with portfolio hedging in place.

this is a better world. we can work a few hours a week and play tennis, golf, and argue politics with our friends and family over some good cheese and wine while the bots do the deployments.

no I think more engineers. especially those who can be a jack-of-all-trades. if a software project that takes normally 1 year of customer development can be done in 2 months, then that project is affordable to a wide array of business who would could never fund that kind of project before.

Think the marginal cost of developing complex software goes down thereby making it affordable to a greater market. There will still be a need for skilled software engineers to understand domains, limitations of AI, and how to harness and curate AI to develop custom apps. Maybe software engineering for the masses. Local small businesses can now maybe afford to take on custom software projects that were before unthinkable.

a bigger concern to me is if the current regime pulls the rug out from fiscal policy. This will certainly crash the market. They seem to be doing this as we speak.

yeah. good points. mandlebrot wrote about this as well. that portfolio theory is based "normal" curve returns but crashes occur with much higher probability than a normal distribution would assume. he made a case for fractals.

managing options is hard. when do you close the hedge after it gives you a profit? when do you put it back on.

In large scale business intergration platforms/apps, you have operational systems like SAP and and Oracle Service Cloud generate/stream raw or business events which are published to message brokers in topics ( orders, incidents, suppliers, logistics, etc). There the data is published , validated, transformed (filtered, routed, formatted, enriched, aggregated, etc) into other downstream topics which can be used to egress to other apps or enterprise data stores/data lakes. Data governance apps control who has access. Elastic search or Splunk for data lineage and debugging. you also have sbservability systems sandwiched in there as well.

This! Quotas. Max X% of engineering should be H1B's. + Allow H1-B holders to be free agents and move to the highest bidder. + No working at contractors. This is one of the biggest problems. The WiPro's, Tata's, Infosys's, et al, are providing cheap labor for large IT Dept's to operate IT systems like Oracle and SAP. Apple contracts into the 10's of 1000's of these types of resources. Americans could be trained into these type of positions.

All true but most people in the world are worried about putting food on the table and taking care of their kids. Fix social justice and you get on the road to fixing the costs of unfettered capitalism.

Think it has to do with trust. If a hiring manager, for example, has a contributor who is good and recommends a former colleague, that resume can get to the front of the line. There are plenty of engineers who are interview/leet code ninja's or have fluffy resumes. Getting someone to vouch for work ethic, skills, etc of a candidate carries allot of weight. Thats just the reality. Its less risk of a bad hire if you have first hand knowledge of a candidate.

as as data engieer/data architect , agreed. there are allot of 'tools' experts who are data engineers but can't code a lick.