User:Vtaylor/Financial Reality book

fbook1

$15 Per Hour

this picture is from the first restaurant in China featuring robotic waiters & chefs, which has opened in Suzhou, Jiangsu. Each robot costs about USD 6,500, and can speak 40 sentences.
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And They’re Gone!

Robotic fruit picking video ad
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Self-Driving Cars | Financial Reality

"Probably the most dramatic innovation in transportation since 1885 (the first car, Daimler-Benz Patent Motor Car, Model 1) is the self-driving car.But what does self-driving really mean? Thes...

Blockchain RIP? | Financial Reality

partial solution to the Byzantine generals problem. A full solution to the problem has been mathematically shown to be impossible. As a result, blockchain systems are vulnerable to attack by introd...

Twittering | Financial Reality

"what could be better than selling a company that makes huge losses and has no obvious business model for profitability at a multi-billion valuation? UFB.Meanwhile, 15 IPOs and 16 secondaries...

Free As In Money | Financial Reality

"CYNK Technology Corp, a “social media development” company that has, according to official filings, one employee, no website, no revenue, no product, and no assets now sports a market cap...

Where’s The Magic? | Financial Reality

"Where was Apple’s design culture? Oh, and Apple wants to replace the wallet. Please. Why not just walk around with a sign saying “hack me” on your back?Arthur C. Clarke’s well-known q...

Ad Blockers | Financial Reality

"ad blocker. But I’m not blocking ads. I’m blocking trackers – third party cookies, for example – which are an entirely different thing. I don’t object to advertising, especially on...

Something Is Going To Snap | Financial Reality

"Snapchat is trading this morning at a $40 billion valuation. In 2016 revenue was $404 million, and it lost $514.6 million. User growth slowed from 17 percent in Q2 2016 to 3.2 percent in Q4.&...

RuhRoh | Financial Reality

"P&G cut over $100 million out of its digital advertising spend in the fourth quarter, and nothing happened.As P&G CFO Jon Moeller said on the recent earnings call: “We didn’t see...

Internet Advertising | Financial Reality

"an increasing number of companies (e.g. Proctor and Gamble, Restoration Hardware, Uber… ) complaining publicly that they are receiving little or no value for their internet advertising spen...

Workers Shed Chains | Financial Reality

"Twitter’s lock-up period expired today, resulting in an epic wave of selling – down 16% when I last looked – presumably employees demonstrating their enduring faith in the company’s b...

It’s That Time Again | Financial Reality

"The manic phase is clearly upon us. Twitter is planning in an $11 billion valuation based on quarterly revenue of $168 million and a quarterly loss of $64 million. Amazon surged after hours o...

Marketing Hype

Today’s quantum computers bear little resemblance to the Von Neumann digital computers that we use. Quantum computers are like the early analog computers, where a set of circuit elements are conn...

Quantum Computers

Closer examination showed we are still a long way from useful computation. Quantum computers today are physically much like the analog computers that preceded today’s stored program digital compu...

FOMO!

FOMO is the Fear Of Missing Out. It is the only reason I can think of for this continued market advance in the face of a economic newsflow that shows rapid weakening, other than of course another m...

Loose Cannons

a loose cannon could do much more damage than any broadside from an enemy ship.In the market, the black boxes or “algos” are the equivalent of the loose cannons of yore. They are out of control...

Tesla and AI

What has been developed, and is an important and useful innovation, is machine learning. This is the ability to train recognition software that can, for example, identify elements of an image as ca...

Flippy

an the fully automated fast-food restaurant be far off? Ordering is handled by kiosks, cooking by Flippy. What’s next?
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Artificial Intelligence

The novel technology that has enabled so-called AI in recent years is neural network based pattern recognition. Often called “deep learning,” it allows, for example, vision systems to recognize...

. more than personal finance . 2022.12.28 wp financial reality 3538 posts . selected observations comments critiques fundamentals risks strategies women . Learn more...

proposal what why 1page

. why . positive change

2022.12.25 Mike has been keeping this commentary on all things financial since August 2004. There are plenty of great articles that could be collected and curated into a useful "book". There are a broad range topics that are covered in depth. Others are just interesting, funny, thought provoking and a few that are downright scary. The need for this book became clearer when chatting with friends recently. A number of years ago, a friend had liked Mike's description of "zero coupon bonds" and purchased a bunch with money set aside for the grandkids college funds. Turns out this was a very good choice - the bonds were appropriate for the financial objective and the return was great. He asked that Mike describe this to another friend whose Tesla stock was down about $100K at that point. It was soon clear that this was going to take more than a casual chat. Over the years Mike has written about this and many other financial realities. No time like the present to gather up the good stuff and put together an organized presentation of the information. .. The original premise of the blog and the writing was to keep an running record of major financial situations as they happen with the ultimate expectation that there was a lot of history being made here. The current financial reality is quite different from what is on offer from the media and most of the financial press and academic writing. How bad can it be? Think "tulip mania", "south seas bubble", the "great depression". Not a pretty sight and almost everyone is either blissfully unaware or being assured that things are different this time. So why are so many people having trouble making ends meet? . Mike sees himself as the Eyore type - little black cloud overhead and this shows up in his writing. Valerie is more the Pooh type - optimistic, sometime a bit short on detailed analysis.

Why is there a need for your proposed publication? Have there been changes in your field to cause a need for it, or is there a gap in the existing literature that needs to be filled? ..

Please also tell us about the primary market. Who needs your book? Indicate the audience(s) for this material (e.g. academic/research, graduate students, professionals). Be as specific as possible. If the book is aimed at graduate students, please indicate whether it is a primary or supplemental text. .. professionals, individuals with substantial net worth working with professional advisors, beyond basic money management, interested broader scope of financial reality not readily available even through popular financial media eg. Yahoo! Finance, Fortune, Wall Street Journal, CNN, Motly Fool

Any information about the secondary market should be included; this should be a list of groups with an occasional need for this material. Who might need your book?

List in order of importance any professional societies or organizations that are likely to be part of the readership for your book.

If you know of any similar publications to the one you propose, this is really helpful information for us. Think about their weaknesses and strengths, and how your publication stands out. Sally ?, Susie Orman

How many words do you anticipate to fully cover your topic? How many pages of appendixes? ?? 40-50K words . Timetable:

if I knew then ...

continuing sagas . stories over time as observations - Google IPO, Crytocurrency . a lot has happened since the blog began in August 2004 . some pleasant surprises, some horror stories . an interesting look back through the collection presented in chronological order

It's different this time . do overs expecting different results . comparisons to 1929

important quotes . situational awareness . applicability

? rest mostly by topic rather than strictly in date sequence with information from earlier posts to set the stage or describe the situation as necessary for context

big picture basics terminology

diagrams

money . circulation currency US dollar exchange rate risk reward interest

measurements reporting . CPI consumer price index . inflation deflation . GDP Gross Domestic Product

banking . borrowing lending deposits credit reserves FDIC

government . guarantees banking mortgages Fanny Freddie Ginny Federal Reserve

indicators . leading trailing yield return

other . bankruptcy

bad things . crash collapse recession depression

it's the economy

. https://financialreality.wordpress.com/2011/03/14/measuring-the-economy/ . What constitutes a good economy (or a bad one)? What does an economy need to do to earn a merit badge? . The purpose of the economy is to improve everyone’s standard of living by increasing the quantity of goods and services delivered to people for their personal consumption. So if we want to know how the economy is doing, that is what we need to measure.

pundits advisors observers academics

. "economists" rants . not Nobel prize

taxes government spending deficit

. https://financialreality.wordpress.com/2011/01/11/the-military-industrial-complex/ . Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. -- Dwight Eisenhower . We are now in a state of continuous war and the expense of the defense establishment is killing the nation’s economy. The U.S. military now has over 1,000 bases around the world. The United States spends nearly as much on military power as every other country in the world combined

prices demand inflation

. https://financialreality.wordpress.com/2020/12/01/flation-in-disin-de-and-hyperin/ . Inflation is the name commonly given to the declining purchasing power of a currency, in our case the US dollar. It is the result of the combined efforts of the Federal Reserve and the Federal government. Inflation is primarily created by the excess demand for goods and services that results from government deficit spending.

. https://financialreality.wordpress.com/2022/05/21/you-cant-make-this-stuff-up-3/ . approved E15 fuel for use during the summer driving season in the hope of reducing gasoline prices. E15 of course contains 15% ethanol and is usually not allowed in summertime. Ethanol is made from corn – food – which is predicted to be in short supply due to the high price of fertilizer, as a worldwide famine develops this winter. So we’re going to get a few cents off a gallon – maybe – at the cost of tighter food supply, leading to higher prices and people going hungry.

income cost of living housing food education

fixed income

women

Stephanie Pomboy

Danielle DiMartino Booth

. https://financialreality.wordpress.com/2011/06/04/celebrity-chefs/ . When we talk about and measure “the economy,” we are talking about and measuring exchanges for monetary value. But there are many unmeasured exchanges which contribute great value to us, but are not measured as part of the economy because there is no money exchange. A prime example is the unmeasured contribution of people, mostly women, who stay at home and contribute to their families by raising children, cooking meals and generally providing domestic bliss.

. https://financialreality.wordpress.com/2012/02/28/modern-monetary-theory/ . The economy is about the exchange of goods and services which enables the division of labor, and to understand and manage the economy we must look to this “real” economy, that is, the actual goods and services that are exchanged. Unfortunately we manage the real economy by using money as a measuring stick. Monetarists want to distort the measuring stick so that the “numbers” look better, although the reality is not. Yes, we need some way to measure value so that we can trade guns for butter. But we are far better off with a stable measuring stick so that our measurements are stable enough to be useful. . The last time this was seen was in World War II, when national need justified a severe cutback to consumption and the mobilization of women to build the plant, equipment and infrastructure needed to win the war.

energy transportation

big impact separate

myth trivia amusing

You can’t make this stuff up. . Crypto nft fart in a jar

. broken window fallacy

Q: When is a recession not a recession? A: When it's a kumquat . https://financialreality.wordpress.com/2022/07/29/kumquat/ . Carter admin economist Alfred Kahn who, when forbidden to mention “recession,” used the word “banana” instead. Banana growers protested, so he switched to “kumquat.”