JasSmith

joined 1 year ago
[–] JasSmith 1 points 9 months ago (1 children)

Yeah this is the dumbest comic I’ve ever seen. An absurd characterisation of reality. I thought it was satire at first but the comments seem to be taking it seriously. There are surely assholes out there but to only this is a regular occurrence is some legbeard basement-dwelling incel nonsense.

[–] JasSmith 0 points 9 months ago

I think perhaps you do. None of my friends have ever been talked to this way. In what kind of backwards shit hole do you live?

[–] JasSmith 2 points 9 months ago

My condolences.

[–] JasSmith 2 points 9 months ago (2 children)

You will never make more interest on an investment than you will get charged interest for the same amount as a loan.

The historical S&P500 average is 11.88% annualised. Unless your interest rate is above this, you’re better off investing. In reality it’s more complex as there are tax considerations, liquidity, risk, opportunity cost etc to calculate. If your interest rate approaches this, paying down debt is indeed the best course of action.

[–] JasSmith 1 points 9 months ago

It’s absolute shit for young people and anyone who doesn’t own a home already. Pants on head insane house prices for cardboard walls and mould. Violent crime and especially gang crime is straight up scary now (though not as bad as the bad parts of America). I left NZ because my outlook was so bleak. I ended up in Denmark and couldn’t be happier. Australia is also a good bet and the women are GORGEOUS. Also Switzerland if you find a path to employment there. Norway is great. Many places in America are still great, despite the counter-jerk.

[–] JasSmith 5 points 10 months ago (1 children)

Not just Spotify. If I’m reading this judgement correctly, any developer who was materially impacted by these anti-steering provisions can sue Apple. This could be the beginning of an unprecedented wave of legal action against Apple in Europe. The tricky part is proving damages.

[–] JasSmith 21 points 10 months ago

Shorting a stock in effect means selling a stock you don’t own. The stock market derives price based on supply and demand. When more people are selling than people are buying, the stock price goes down. There are many more dynamics at play than this though. Often there are investment firms which will identify a price mismatch and attempt to price out the short sellers by buying and pushing the price up. This can trigger a short squeeze which makes the price suddenly pop.

IPOs are exciting times to be a trader, but individuals are largely in for the ride. They can’t move the market. If they identify one of these larger plays they can join the fun. Game Stop was one of the first examples of a consumer-driven play, and it scared the shit out of institutions because it upended their risk models.

[–] JasSmith 48 points 10 months ago (16 children)

The responses have classic “I run Arch” energy. It’s never the fault of the software. It’s always the fault of the user. Ignore them. This is terrible UX and should be criticised. She did absolutely nothing wrong.

[–] JasSmith 3 points 10 months ago

While true, I consider it a reasonable trade. I so rarely need the 100% charge.

[–] JasSmith 2 points 10 months ago (2 children)

This is one of the issues with democracy: people vote in their own interests. Perhaps I should be more specific: this is the problem with democracy in a culturally fragmented nation. Without shared values and a sense of camaraderie, people don’t vote altruistically, but self-interestedly. They don’t care about their neighbours because their neighbours don’t care about them. I live in Denmark now which is very culturally homogenous and people do vote altruistically. They vote for higher taxes because they know their neighbours share their values. They identify with each other like a loose family. This is one of the drawbacks of multiculturalism which is rarely discussed.

[–] JasSmith 7 points 11 months ago

Fair trading laws are broad and complex and vary widely by place to place. There are many restrictions on trading practises which mislead customers. Amazon employs a myriad of practises designed to do exactly that. Some of them detailed in the article. I’m sure they think they’re skirting the law to the legal side, but experts are going to determine that now.

[–] JasSmith 3 points 11 months ago

Almost all OECD nations are also struggling with the last couple percent on the path back to 2%. It looks like it’s the stickiest, and it might require higher reserve rates to tame. Governments spent unimaginably amounts of stimulus money during covid and the economy is still swimming in cash. Inflation won’t be tamed until those reserves are spent.

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