American Economics Thread
- Thread starter Bernard
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Nvidia financial statements are out today and they are absolutely fabulous. Revenue up 262% and profits up 461%.
“The company saw adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, a jump of 461% and 262%, respectively, from a year ago.”
not only that, Nvidia’s guidance was for earnings in the next quarter to be $28 billion which is an increase in revenue of 7.7% Annualized, Nvidia expects to grow its revenue by 34.5% even though it’s already absolutely massive. Incredible. Amazing.
“The company saw adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, a jump of 461% and 262%, respectively, from a year ago.”
not only that, Nvidia’s guidance was for earnings in the next quarter to be $28 billion which is an increase in revenue of 7.7% Annualized, Nvidia expects to grow its revenue by 34.5% even though it’s already absolutely massive. Incredible. Amazing.
I think this thread is funny.
So many pixels spilled in an endless debate when two sides are not even looking at the same thing.
One one end, most of you are endlessly debating "the average American life"
On the other side, you have someone talking about the "average attainable American life".
How ready are you to financialize most of your decisions? If you are willing to take those financial/life risks, then the return can be great.
I had a (Canadian) plan where you could retire by 40 with assets in the millions and a pension too... However, it also involved potential brushes with Al-Qaeda (no, it was not getting the Bin Laden bounty, lol)
So many pixels spilled in an endless debate when two sides are not even looking at the same thing.
One one end, most of you are endlessly debating "the average American life"
On the other side, you have someone talking about the "average attainable American life".
How ready are you to financialize most of your decisions? If you are willing to take those financial/life risks, then the return can be great.
I had a (Canadian) plan where you could retire by 40 with assets in the millions and a pension too... However, it also involved potential brushes with Al-Qaeda (no, it was not getting the Bin Laden bounty, lol)
A lot of this, imo, seems to be arguing about different objects
1. The U.S. is a large country with highly diverse experiences so there isn’t a “typical” or “average” case. However, for white-collar professionals in middle-age - by far the economic cohort with the highest combined earnings and whom contribute most to productivity - they broadly live a riskless, abundant life with infinite security and free from all social afflictions outside of Fox News ragebait about the gender of Mr. potato head.
2. Expectations and desires expand faster than economic growth and real incomes, so what is “comfortable” is a frontier that is never reachable. For example, indoor plumbing was semi-rare a lifetime ago. Now, it’s expected even in the most distressed neighborhoods.
In some ways, this has changed a lot
A lot of higher-end luxury goods have become Wal-Mart level well within lifetimes
70+ inch TVs (even 50+) used to be thousands of dollars ($10,000+ level depending on timeline and accounting for inflation), now they are hundreds
Robot Vacuums, Laptop computers, smartphones all used to be thousands, again now hundreds. On top of that, the capabilities of cheaper smartphones now is far better than those Nokia 9000 Communicators
So something CEO-level has dropped down to something given to children in ~20 years
Yes, there will always be people with the psychology of always wanting more, but for many, luxuries have become reality from their teenage-years to adulthood.
Even assuming this bad faith right-wing rage bait is accurately describing the situation - it is quite literally just a single “university”
“The focus on racial diversity has coincided with a dramatic shift in the racial and ethnic composition of the medical school, where the number of Asian matriculants fell by almost a third between 2019 and 2022, according to publicly available data. No other elite medical school in California saw a similar decline.”
I believe there is a coordinated effort from the US gov and the big corporations to pump the stock to keep the index high before the election, the earnings don't seem organic or even sustainable. of course, I could be wrong, but a company MC going up 2.2T in 2 years does seem crazy.
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In terms of Great Power Competition , USA is going "all in" on AI because China forced their hand and AI is America's and honestly most realistic hope of maintaining hegemony...
Chatgpt tech existed for long time, but it wasnt until last 2022 that US gave it the green light to release so publicly.....
In fact AGI is already achieved but US is weighing risk reward curve of releasing it too early and causing social unrest or rwleasing it rtoo late and giving China the chance to do an existential rug pull