Steve Clark
@stevefromearth.bsky.social
Late-50s gym rat, wannabe hedge fund manager, longtime product manager. Making websites since Oct 1994. Interested in numbers, nutrition, health, sustainability, industrial design and living on earth. Promoters of crypto will be ignored or blocked.
Where have I heard the phrase "credit default swaps" before?
a man in a suit talking on a cell phone with the words yep there 's a bubble below him
ALT: a man in a suit talking on a cell phone with the words yep there 's a bubble below him
media.tenor.com
November 20, 2025 at 9:31 PM
Where have I heard the phrase "credit default swaps" before?
Who's going to pay for the output of this "world model" and how much will they pay for it?
November 20, 2025 at 6:19 PM
Who's going to pay for the output of this "world model" and how much will they pay for it?
Except, taxes don't fund spending.
November 15, 2025 at 2:39 AM
Except, taxes don't fund spending.
Global trade policy: We sell you more sh*t than you sell to us. We get more dollars.
These guys think the country is a business and its revenue comes from taxes, including tariffs.
Nobody in the conversation (Democrats included) understands that federal taxes remove US dollars from the economy.
These guys think the country is a business and its revenue comes from taxes, including tariffs.
Nobody in the conversation (Democrats included) understands that federal taxes remove US dollars from the economy.
October 21, 2025 at 3:54 AM
Global trade policy: We sell you more sh*t than you sell to us. We get more dollars.
These guys think the country is a business and its revenue comes from taxes, including tariffs.
Nobody in the conversation (Democrats included) understands that federal taxes remove US dollars from the economy.
These guys think the country is a business and its revenue comes from taxes, including tariffs.
Nobody in the conversation (Democrats included) understands that federal taxes remove US dollars from the economy.
14% is a good profit margin for a big-box retailer.
October 17, 2025 at 3:13 AM
14% is a good profit margin for a big-box retailer.
Plenty wrong with this story, but FFS please understand that taxes don't fund spending.
October 16, 2025 at 3:54 PM
Plenty wrong with this story, but FFS please understand that taxes don't fund spending.
They are keeping it shut down so they don't have to release the Epstein files.
The government can "save health care and lower costs for working families" regardless of who pays what in taxes.
Please cease framing the argument like this and please understand that taxes do not fund spending.
The government can "save health care and lower costs for working families" regardless of who pays what in taxes.
Please cease framing the argument like this and please understand that taxes do not fund spending.
October 16, 2025 at 3:14 PM
They are keeping it shut down so they don't have to release the Epstein files.
The government can "save health care and lower costs for working families" regardless of who pays what in taxes.
Please cease framing the argument like this and please understand that taxes do not fund spending.
The government can "save health care and lower costs for working families" regardless of who pays what in taxes.
Please cease framing the argument like this and please understand that taxes do not fund spending.
Love the brief conversation about aye eye attempting to dehumanize us by "solving" shit and recognizing patterns. This needs a much deeper dive.
October 9, 2025 at 4:19 AM
Love the brief conversation about aye eye attempting to dehumanize us by "solving" shit and recognizing patterns. This needs a much deeper dive.
@bloomberg.com daily email teases a piece about xAI rasing $20 billion (curious number) while also linking to its own piece about a "Trillion Dollar Bubble"
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
October 8, 2025 at 3:13 PM
@bloomberg.com daily email teases a piece about xAI rasing $20 billion (curious number) while also linking to its own piece about a "Trillion Dollar Bubble"
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Maybe there's a new Ohm's Law (V=IR) in the works around AI.
The variables would be:
* Power (gigawatts)
* GPUs
* Venture Capital
I'm unsure of the equation's structure.
Regardless, their model is missing the key variable: Demand for the output
The variables would be:
* Power (gigawatts)
* GPUs
* Venture Capital
I'm unsure of the equation's structure.
Regardless, their model is missing the key variable: Demand for the output
October 8, 2025 at 2:57 PM
Maybe there's a new Ohm's Law (V=IR) in the works around AI.
The variables would be:
* Power (gigawatts)
* GPUs
* Venture Capital
I'm unsure of the equation's structure.
Regardless, their model is missing the key variable: Demand for the output
The variables would be:
* Power (gigawatts)
* GPUs
* Venture Capital
I'm unsure of the equation's structure.
Regardless, their model is missing the key variable: Demand for the output
Commerce sites serving unique results based on known information about the user is at least 20 years old. They call it "AI Commerce" but it's essentially a search algorithm that's as old as search.
October 8, 2025 at 2:39 PM
Commerce sites serving unique results based on known information about the user is at least 20 years old. They call it "AI Commerce" but it's essentially a search algorithm that's as old as search.
"Dotcom" busted because the "Clinton Surpluses" removed dollars from the private sector.
AI will be worse because:
* It's much bigger (as % of GDP) than dotcom
* Tariffs remove dollars from the private sector economy
* Demand for output has peaked
Simply, there is not enough money to support this
AI will be worse because:
* It's much bigger (as % of GDP) than dotcom
* Tariffs remove dollars from the private sector economy
* Demand for output has peaked
Simply, there is not enough money to support this
October 8, 2025 at 2:34 PM
"Dotcom" busted because the "Clinton Surpluses" removed dollars from the private sector.
AI will be worse because:
* It's much bigger (as % of GDP) than dotcom
* Tariffs remove dollars from the private sector economy
* Demand for output has peaked
Simply, there is not enough money to support this
AI will be worse because:
* It's much bigger (as % of GDP) than dotcom
* Tariffs remove dollars from the private sector economy
* Demand for output has peaked
Simply, there is not enough money to support this
When govts print money it becomes private sector income. Then it is spent into the economy driving up demand. Then prices can rise. The private sector doesn't know how much is being "printed" so we don't increase our consumption based on new money. This is why "money printing" is not inflationary.
October 6, 2025 at 5:25 PM
When govts print money it becomes private sector income. Then it is spent into the economy driving up demand. Then prices can rise. The private sector doesn't know how much is being "printed" so we don't increase our consumption based on new money. This is why "money printing" is not inflationary.
$AMD is up 30% today on news it is giving away 10% of the company to an organization that will never be profitable and will never build anything.
October 6, 2025 at 1:56 PM
$AMD is up 30% today on news it is giving away 10% of the company to an organization that will never be profitable and will never build anything.