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July 21, 2015 at 9:40 AM in reply to: Anyone know what they are building across the street from SDJA in Carmel Valley #788088
livinincali
ParticipantMobile hardware sales seems to have reached a saturation point. The only real hit device of the past year was the iPhone 6 and Apple pretty much pulled out that last remaining popular mobile feature out there with the bigger screen. Wearbales don’t seem to be gaining that much traction even after the initial iWatch hype.
QCOM is basically flat revenue wise for the past 4 or 5 quarters. It’s share price has been slowly declining for the last year of so. Doesn’t surprise me that they might be looking at options to grow earnings via cost cutting. It’s a mature company with it’s biggest source of revenue coming in the form of licensing. Rest on those patents and cash out those options baby.
Participant[quote=utcsox][quote=joec][
..After a wave of crime, tough times, cuts will have to be done since they simply don’t have the money to pay anyways. Like our nice state of CA...They can raise all the taxes, but if people leave the state or simply find ways to not pay, people will just leave or the state (or country) has no choice but to cut services…
At that point, I think the Greece people will maybe wake up and decide if they want to stick it out and actually pay for stuff finally or just descend into a mess of a country.[/quote]
Care to elaborate how is California is similar to Greece? Is it the 25% drop of GDP from its peak? Is it 25.6% unemployment rate? Or are you implying Californians are evading taxes like Greek people?[/quote]
Both have huge pension liabilities they can’t afford to pay in full. CA just hasn’t realized it yet, but one day it will.
Participant[quote=FlyerInHi]Sure, you can inflate away debt denominated in your own currency.
We did it and so did France after WWII.
http://www.nber.org/papers/w15562
[/quote]From 1946 to 1956 the economy grew 45% (1.96 trillion to 2.84 trillion). The net deficit for all 10 years was a negligible 4.8 billion. So for 10 years we added almost zero debt and grew at about 4% per year. CPI from 1946 to 1956 was 39% or about 3% per year. So while inflation helped reduce the GDP/debt ratio, it looks like real growth and the lack of incurring additional deficits were far more important to shrinking the debt/GDP ratio. Of course we bombed the rest of the world industrial capacity to nothing at the time and had no globalization to impact domestic wages then, so we had a massive competitive advantage for growth.
In the end though, we didn’t inflate the debt away we grew and stopped taking on additional debt. Inflation added a bit of a boost.
July 8, 2015 at 8:22 AM in reply to: OT: For all the crap people give walmart….seems like they treat their software engineers pretty well :) #787781Participant[quote=The-Shoveler][quote=flu]”I work at Walmart. I enjoy greeting people everyday in the storefront… and they are paying me a heck of a lot for it..”[/quote]
LOL well if you get a IT-job at Disney you get to walk around greeting people in one of those Goofy suits once or twice a year, and they pay very well also from what I understand.[/quote]
Actually Disney is going to try to outsource your job to India as long as they don’t get hammered in the press.
http://www.latimes.com/business/la-fi-disney-technology-h1b-20150617-story.html
Participant[quote=Hatfield]
I think the only path forward is for Greece to default, exit the Euro, and inflate their way out of this mess. Greece is a tiny portion of the Eurozone GDP. The problem is when Italy, Portugal, Spain, and possibly Ireland all decide to follow suit, and I don’t see how that can be prevented one Greece establishes a precedent.I really don’t see the Euro surviving, long-term.[/quote]
How do you inflate your way out of this mess? Why do people think oh we can just inflate this debt away, easy peazy? Do you have an example of a nation that inflated away it’s debt problems? I know of nations that have defaulted but none that just inflated the problem away.
The Greek government has to stop spending more than they take in revenue. Deficit spending via issuing new currency has the same effect on peoples purchasing power as just cutting the benefits. Maybe it’s easier from a legal perspective to pay pensions in Dracmas even though they don’t buy as much. The end result is the same.
Greece has already defaulted. Yeah maybe Germany and the rest of the EU members decide to kick the can again but any money they continue to give Greece isn’t going to be paid back. At this point any loans given to Greece should be treated as gifts.
July 7, 2015 at 8:38 AM in reply to: OT: How to combat a repetitive scam phone call from “Windows Technical Support” #787754Participant[quote=spdrun]I’m not sure what their local constabulary would do with it, though.[/quote]
They can’t be bothered. They’re busily planning their next drug raid with the new surplus military hardware they just got.
Participant[quote=FlyerInHi]No cost is too great in the defense and advancement of universal human rights.[/quote]
How about the computer, phone or whatever device you just used to post this message and the slave labor in China that was used to produce it. If no cost is too great then you could chose to live without those products. I guess what you really mean is no cost is too great if you personally don’t have bear the brunt of it or be inconvenienced by it.
Participant[quote=spdrun]Honestly, this is the court doing its job — “states: you can’t use your power to restrict people’s rights unnecessarily.”
[/quote]I don’t view marriage as some sort of god given right. The fact that states and the federal government have conveyed certain benefits and consequences associated to marriage is where the problem lies. It’s primarily the denial of certain popular benefits like family health care, survivor benefits, and stuff related to children that I can see where there was a problem. States and the federal government could have gotten out of the business of marriage completely and given it back to the church, or conveyed all those benefits to any couple, but they did neither.
ParticipantFunny thing about most state marriage laws is they were originally put in place to promote things like racism. Can’t let that black man marry a white women, we better setup a marriage license office so we can make sure that doesn’t happen.
I personally don’t care about gay marriage, I don’t care who you want screw or who you want to live with it’s none of my business. There’s much more important things to worry about, but emotional issues like this tend to rile up the masses in this country, so it plays well in politics.
Only thing I don’t really like about the ruling was bastardization of the 10th amendment. Are we really living in a federalism government where states actually have autonomy on most things, or is that just in name only.
Participant[quote=spdrun]Or positive for the rest of the Euro — Greece has been a thorn in their behinds for the past, what, five years? If Greece leaves, then maybe the cycle of paranoia can be broken.
And Greece isn’t that big. A humorous take on the matter…
I doubt it. The rest of the PIIGS still have the same problem of too much debt and not enough economic growth. The EU is going to do everything it can to make the Greece situation as painful as possible if the referendum fails so that nobody else (Spain, Portugal, etc) gets any ideas that an exit could be a good thing in the long run.
Lehman was small in the grand scheme of things as well and that didn’t prevent a massive leverage unwind in asset prices. Actually Greece is orders of magnitude bigger than Lehman although they have had some time to shift the losses onto the German and the rest of the big EU country taxpayers at this point (aka ECB is the big loser).
The reality is really simple, that which cannot be paid back will not be paid back. It’s not about politics, morals or anything else it’s about math.
ParticipantI suppose you could try something like airbnb or apartments.com
Try
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Participant[quote=AN]
Even better, what if the Powerwall can return electricity back to the grid during the peak hours. you can store at $0.17/kwh and sell it back at $0.48/kwh!!! You’ll be able to make back the ROI for the Powerwall in no time![/quote]Why would you waste time and money with a powerwall install when you can do the same thing for way less money with a lead acid AGM battery solution. Powerwall is probably one of the dumbest things out there for a home installation but the hype is real is real I guess. Lithium Ion has pretty much one thing going for it and that is weight. Of course in your home weight doesn’t matter so why would you want that much lithium (if this thing catches on fire my house is gone) in your house.
Participant
This is based on mostly large complexes in the San Diego City area. It contain some central east counties like La Mesa, Santee, etc. Rents have been increasing but in the last 6-12 months vacancy rates have been increasing as well and 1 bd room and studio rental rates are starting to lag 2 and 3 bedroom rental rate increases. While rents will probably still go up, there’s a case to be made that they are close to topping out.
Participant[quote=utcsox]
If the rent is increasing at the rate twice as fast as the average wage growth and rent is a significant part of household’s budget, how in the world this has not already cut into disposable income of average household?How in the world the situation is not dire?[/quote]It will resolve itself one way or another. Either rents will stop rising at a faster rate or wages will catch up. Two exponential curves run away from each other pretty fast so it won’t stay this way for long.
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