Ranter
Join devRant
Do all the things like
++ or -- rants, post your own rants, comment on others' rants and build your customized dev avatar
Sign Up
Pipeless API
From the creators of devRant, Pipeless lets you power real-time personalized recommendations and activity feeds using a simple API
Learn More
Comments
-
vane112845yBanks lent lots of money to oil companies and since 1st of April those oil prices wont be baked by agreement between countries. US and Arabs won’t be able to sell their overpriced oil unless they ban Russia but they probably can’t do it cause it will mean 3rd world war and I think no one want that. On the other hand everyone is busy with pandemia so it might be that tourism and airlines that were biggest oil users won’t use any oil this year.
Looks like stocks are still dependent heavily on oil.
But to answer your question yes there is high probability that some heavy long term simulations ordered to sell everything. -
donuts238485y@vane but that's just the latest reason...
Last week it was coronavirus cases slowing vs recession fears but well somehow on certain days Mr Market is very happy too... -
vane112845y@billgates countries are printing money for a long time to promote socialism.
Financial companies even created ETFs so those are another big bubble cause you even don’t pick companies but invest to just follow market.
Pumping cash to false dreams never ended up good.
People lost their instincts cause it was so easy to invest to sp500 instead of picking companies and think.
What’s innovative during those 20 years except same products but with different size or higher availability that just increases competition.
For me nothing.
- airbnb - hotels
- taxi - uber
- wework - renting
- cloud - on premise
- phone - pc
we just went smaller and faster but those are same products just packed differently.
We should all work from home by now using VR and robots instead of commuting back and forth but we lost 10-20 years giving money for free so what you expect ?
If we stop commuting oil companies will go bankruptcy because whole world is based on oil no one wants that but that’s what we are faced as more countries will ban transportation cause of corona.
( Sorry for long post ) -
donuts238485y@vane not sure about socialism ... I thought that required public health care all about common good but all the money is just going to the rich?
Somehow though the markets went way up again....
Honestly though it sort.of looks like what you said, news/investors don't know what's really happening... Like Mr Market is happy today... Now it's depressed... Oh today it's happy again...
Last crash was blamed on housing and had a logical narrative.... It only went down...
This time it's like yes all the news is like Trump... No substance... No investigation...
I'm pretty sure there are bad actors they are literally controlling the markets... There's no way logically random people can make the index values swing 5-10% everyday.... Someone is getting really rich.... -
vane112845y@billgates yeah people that charge commissions per transaction on this rollercoaster they don’t even have to care about prices
-
h4xx3r17165y@vane following those points there's also the general move of the market towards green tech, so many investors wanted to get rid of oil shares because sooner or later they aren't gonna be worth as much as in this years
-
donuts238485y@h4xx3r but this is the entire stock market, not just oil? And well the swinging is not logical...
Sorta just reminded me of early self driving cars.... Maybe... Stop go stop go stop go ... -
vane112845y@h4xx3r green tech won’t replace oil in this century except if there will be some batteries capacity breakthrough but based on how is economy constructed right now even this might not help due to patent laws, rare materials shortage, renewable devices efficiency and energy transmission loss.
Going from steam to oil took more then century so going renewable will take at least the same amount of time if not many times longer cause of amount of power we need.
There might be some genius born who will break all current laws os physics but still developing something working from it will take huge amount of time except it will be weapon that will destroy planet. -
@vane Logistics exist because resources are scattered around too.
Even if we start working remontly, they will still need to move items around. Blame comfortable lifes for that (and technology). -
h4xx3r17165y@vane imo you undervalue the speed growth of todays scene, you can't compare the speed growth of the
(steam => oil) age to the
(oil => electricity) age,
it's like saying the growth derived from technological advancement is linear, which is nonsense, imo. -
vane112845y@h4xx3r what scene, what speed ?
You mean companies and people that are sponsored by governments, or those who were just born rich ?
Yeah I undervalued the transition from oil to electricity it will take centuries cause of bureaucracy and number of people you need to convince.
If you think that we got super intelligent cause we live in 21st century you just got manipulated by media or you’re just young between 10-30 years, we’re no different than roman empire and we even can’t figure out how ancient Egyptians build their pyramids.
Look around you and think about what you see. Now think which of those things you can build by yourself from scratch. How much knowledge it takes to make it. Who need to pass this knowledge to keep the system going and how many intelligent highly educated people you need to keep it rolling. Then look at facebook, instagram and shit like that and think again if it will all survive for century.
Robots are the only hope dude, but no one cares. -
vane112845y@Gregozor2121 yeah but there are propositions to 3d print stuff directly in logistics centers instead of move them around.
We might not survive to those times but 3d printing and robotics is the only future that is acceptable. -
@vane If you mention 3d one more fucking time im going to slap you.
3d printing is trash, they only thing it can do is print trinkets.
Logistics wont change even then because you still have to transport the same amount of materials to them as before, just instead of finished products you have raw plastic. Im not even mentioning how stupid is it to have factories without stockpiles that can be used to accomodate different levels of demand. -
vane112845y@Gregozor2121 Based on information I gathered I can’t agree. Metal printing is a thing.
-
@vane More of a toy than a replacement for 1000 cnc lathes capable of creating stronger parts quicker. And with cheaper material.
And power. -
vane112845y@Gregozor2121 yeah nasa, navy, military, f1 and sr-72 are using toys. Printing can create constructions that were unavailable to create, fix machines that are out of production and shorten time to market, better prototyping. It's smaller and more flexible. Most of solutions are still state of art because those who make them and want to invest more money in it are most innovative businesses or most expensive ones like rocket parts, f1 engines, or aircraft parts.
Edit:
I will just add 3d printing awards link from 2019 to show how it looks like right now:
https://3dprintingindustry.com/news... -
@vane I get its strenghts but i dont think everybody will just suddenly change. In those fields that you had mentioned they dont need that many parts so my point still stands. If a new tech is better but it has massive drawbacks, nobody will change entire factories because of it. ain the future it might change stuff but as of today lathes are the fastest precise machines on earth. (Biggest material removal rate). They are cool but not fast enough yet, this is the problem with ML, quantium and several new techs. The further we try predicting something the worse the prediction is.
-
vane112845y@Gregozor2121 yeah it won’t happen right away as older technology have years of improvements on their back but as time will go and more knowledge power will switch from old to new there is high chance old tech will be dropped and it doesn’t matter if it’s good or bad it’s just people who decide, like with mainframe and desktop computers overall desktop is winning so availability and flexibility matters
-
@vane PC are obsolete now, the newest tech isnt modular but it is highly integrated (look laptops, smartphones) I dont think industry will go into versability but into integration.
And since things will be simple and integrated it wont require adaptive techs like 3d printing. Industry at its core hasnt changed for a while, they only want money so there might be a future where they reject 3d printing completly. -
vane112845y@Gregozor2121 to be clear the newest tech is virtual, and in cloud so only thing you have is access terminal.
So they try to move the cost of hardware to the subscription like with movie, music, 5g (phone ) soon game streaming services despite their problems.
Future is moreover very scary cause virtualization destroys privacy and give more control to the corporations and governments that can shut you down...
Anyway...
Things won’t get simpler, they will more complicated but be still modular and modules will be smaller, that’s what you called integration is in fact miniaturization.
Related Rants
-
bittersweet27In my opinion, business as usual. 1. Work from home if possible. Cars fuck up the environment and no one like...
-
AlgoRythm8Oh, it's been awful. A mandated email about washing hands. A slurry of awful jokes every time someone sneezes....
-
Python2Due to the coronavirus we are currently required to develop all our web services with SOAP and sanitise all ou...
Anyone else think all this stock market volatility is just a whole bunch of algorithms going crazy?
question
wk199