liborpluscap.bsky.social
@liborpluscap.bsky.social
500 followers 690 following 1.3K posts
Posts Media Videos Starter Packs
🥺🥺One of the few societals "things used to be so much better" that I actually buy is objectively true rather than just nostalgia
One of the most telling signs of the era is that public acknowledgement that one is grifting has become something of a brag for those who do so
Was doing some DD on the conservative (ahem, free speech!) platform Rumble to see how real their product is because they just bought one of the most blatantly obvious fr$uds in Europe (and Lutnick owns a bunch so surprised with lack of pump), and honestly, kinda surprised it suggested me this
Perhaps the greatest trick European competitive advantage ever pulled was convince the Chinese it never existed
The article from the post focused on the honey trap because its much more salacious but the article from the times in which it is based highlights the actual real pressing issues
Its not as grandiose as the current SV crypto or AI founder grift, but theres probably a pretty sweet arbitrage here for a Western to just create vapourware companies, get the monies from the CCP and then ride off into the sunset
They are so much better than the West at this its actually laughable. And as an aside - crypto really does bring out the worst people in the world, the industry needs to die
Shock many now express at seeing these things is derivative of increasing # of online subcultures going IRL. Anyone nowadays can become a member of one, social media: perfect funnel. & not to praise kids edgelording as Nazis, but there are far worse online subcultures out there still in the closet
There are photos on Reddit of him getting arrested, presumably for hitting that person at the end of the video: www.reddit.com/r/Athens/com...
You know its happening and the commercial is just around the corner
This is not exactly rocket science guys.
Maybe the real AI productivity boost is people working their asses off to cash out before Skynet takes over
If you think that AI by, say, 2030 will achieve even 25% of what the current consensus view seems to be, shouldn't the majority of people quit to work in the field or launching starts ups to sell and get the bag before it gets rough?
Reposted
For the European economy, the unfortunate reality is that it is trapped between the hammer of China's export-led growth and the anvil of US tariffs.

Trade deals with new partners can help, but domestic demand and internal reforms matter far more.
Folks reach too quickly for the 'Europe should pivot to China' line in response to Trump’s tariffs. It’s a vibes argument that shatters on contact with reality.

China’s market isn’t growing for EU exporters – it’s shrinking. At home, competition is getting fiercer as China exports its way...

1/
Good Bloomberg piece.

And agree with JP Morgan: “Some of this is the fact that China has very cleverly found other export markets, including Europe, which has been a key hedge to slowing exports to the US.”

High time the IMF puts this at the top of the agenda.

www.bloomberg.com/news/feature...
Titane rating is probb too generous (soundtrack is dope tho). Possibly Unbreakable's too
And I **need** a modern Tremors remake

#Lastfourwatched
Why does it not solve it? If anything B would probb be worse as most wouldn't contribute to social security?
If the EU had any balls they would be exploiting the heck out of these fumbles. $100,000 fee for h1b would be a gift for any Euro government worth a damn about policy
*As tragic as the second story is (suicide), I actually think this is a far easier problem to solve from the makers of Chatbots, both from a technical perspective but also from a "if you dont solve it you will beat the record, several times over, on class action lawsuits" perspective*
Of course,most guys yelling for deregulation because China are the same that started yelling for Free Speech because they wanted in on Musk's fundraises, that before that yelled for Crypto because they needed to pump, etc etc. They dont have the best interests of society in mind, never did
The amount of stories of reasonable people, without maniac episodes precedents, that have gone absolutely lala is concerning. I actually think base user # of this is relatively low. For all OIA success, they havent cracked "addiction" like social media eventually did. I can only imagine once they do
Haven't enjoyed the Daily for a bit, but this was an interesting one, particularly the first story*. We have seen social media melting the brain of large % of population.
We are now toying with tech far more powerful, one that can convince reasonable people they invented a new type of math
Trapped in a ChatGPT Spiral
pca.st
The speed of it is what's stunning
Its September. Effin September! The first of 4 Septembers to come!
The irony is not lost that Ezra *just* published that piece yday, and he has the ears of all that matter within the "left" establishment
What America is going through is not unusual in historical terms. Plenty of examples like it today elsewhere in the world.
What makes it unusual is the rapid collapse from a set of widely espoused norms and values that centered on liberty. It is the sacking of the shining city on hill that shocks.
Reposted
a good arbiter of how close we are to bad hybrid regime shit is if the political comedy shows start getting pulled for whatever reason