Economy

[calvegas04]

Was checking out ND gear on Fanatics and it's insane how much the prices went up compared to last year.

 

[GATTACA!]

Was checking out ND gear on Fanatics and it's insane how much the prices went up compared to last year.

Well yeah that’s what happens when everything is being made in the US again……… wait what?

 

[Polish Leppy 22]

Was checking out ND gear on Fanatics and it's insane how much the prices went up compared to last year.

I check it out from time to time, but the majority of it is overpriced and Under Armour quality isn't what it was 5 years ago. Everything was 30% less in Sept when they were 0-2.

 

[calvegas04]

I check it out from time to time, but the majority of it is overpriced and Under Armour quality isn't what it was 5 years ago. Everything was 30% less in Sept when they were 0-2.

Yeah that 30% coupon would do it, but still more than last year

 

[Irish#1]

This could be a problem for AI growth. Many of the big tech companies are laying off as AI replaces employees, yet companies are getting major pushback when wanting to build new data centers.

Amazon to lay off 14,000 corporate employees

The company's top human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.

www.nbcnews.com

How Big Tech uses NDAs to hide AI data center details from Americans

Big Tech companies use secrecy agreements with local governments to keep communities from knowing who is building in their backyards.

www.nbcnews.com

 

[RDU Irish]

This could be a problem for AI growth. Many of the big tech companies are laying off as AI replaces employees, yet companies are getting major pushback when wanting to build new data centers.

Amazon to lay off 14,000 corporate employees

The company's top human resources executive said Tuesday that the tech giant needs to be "organized more leanly" due to the "transformative" nature of AI.

www.nbcnews.com

How Big Tech uses NDAs to hide AI data center details from Americans

Big Tech companies use secrecy agreements with local governments to keep communities from knowing who is building in their backyards.

www.nbcnews.com

I'm undecided if AI is replacing jobs or if it is providing cover for long overdue trimming of fat within bloated tech giants.

I think the biggest problem for AI growth is energy infrastructure. Cat is out of the bag on higher electric rates pinching Joe Schmoe thanks to AI insatiable demand.

 

[NDWarrior]

I'm undecided if AI is replacing jobs or if it is providing cover for long overdue trimming of fat within bloated tech giants.

I think the biggest problem for AI growth is energy infrastructure. Cat is out of the bag on higher electric rates pinching Joe Schmoe thanks to AI insatiable demand.

Sucking up a lot of energy from communities and it sounds like extra "supply" and "distribution" charges being added to consumer's utility bills to help pay for these DCs. And then there are the immediate gas turbine generators as the majority way to power these DCs until nuclear and other green energy sources can be built up. And this building of huge DCs is not sustainable as the efficiencies of scale may never materialize as despite the lowering of the cost curve, the demand keeps growing way faster and more insatiably. The model is more like a utility than a tech company.

 

[Irish#1]

Sucking up a lot of energy from communities and it sounds like extra "supply" and "distribution" charges being added to consumer's utility bills to help pay for these DCs. And then there are the immediate gas turbine generators as the majority way to power these DCs until nuclear and other green energy sources can be built up. And this building of huge DCs is not sustainable as the efficiencies of scale may never materialize as despite the lowering of the cost curve, the demand keeps growing way faster and more insatiably. The model is more like a utility than a tech company.

Remove the software technology from the equation. It's more like a utility because that's what a data center is. All of these companies are running different software, they just need a DC to do it.. Kind of a weird comparison, but think of cars and drivers. The car is still a car regardless of the driver.

I'm not sold that AI is going to replace a large portion of the workforce. There will be jobs lost, but AI will inadvertently create new ones. What's the loss and gain? I have no idea, but it's happened in computer technology over and over.

 

[NDWarrior]

Here are a couple good reads breaking down the AI data centers and the economics of the industry.

https://www.reuters.com/commentary/breakingviews/ai-boom-is-infrastructure-masquerading-software-2025-07-23/

https://www.techpolicy.press/how-your-utility-bills-are-subsidizing-power-hungry-ai/

 

[GATTACA!]

Wow!!

 

[drayer54]

 

[GATTACA!]

Bessent Torched Over Bonkers Explanation for Rising Beef Costs

Scott Bessent was ridiculed for suggesting skyrocketing beef prices have nothing to do with MAGA’s economic policies and everything to do with a supposed invasion of cows across the southern border. T...

www.yahoo.com

Scott Bessent was ridiculed for suggesting skyrocketing beef prices have nothing to do with MAGA’s economic policies and everything to do with a supposed invasion of cows across the southern border.

The Treasury Secretary expounded his wild theory during a Sunday sit-down with Maria Bartiromo over on Fox News. The host described the crisis to Bessent, asking for his take on “ten dollar… meat, a pound!”

Arguing the beef industry is in “a perfect storm” that the White House “inherited” from the Joe Biden administration, the secretary shot back that rising costs are a direct result of migrants entering the U.S. from Latin America.

Bessent was quick to blame migrants for a spike in beef prices across the U.S. / Al Drago/Getty Images
“Because of the mass immigration, a disease that we’d been rid of in North America made its way up through South America as these migrants brought some of their cattle with them,” he said. “We’re not gonna let that get into our supply chain

 

[drayer54]

Bessent Torched Over Bonkers Explanation for Rising Beef Costs

Scott Bessent was ridiculed for suggesting skyrocketing beef prices have nothing to do with MAGA’s economic policies and everything to do with a supposed invasion of cows across the southern border. T...

www.yahoo.com

Is it a Putin price hike?

 

[Fbolt]

Damn illegal cows!!

 

[GATTACA!]

Remember when Trump said he was going to stop the weaponizing of the DoJ? Lol.

 

[Irish#1]

Not sure Trump has a leg to stand on with this.

 

[drayer54]

Not sure Trump has a leg to stand on with this.

If he does, he should make it known soon or kill the inquiry.

 

[RDU Irish]

Such a weird thing to go to the mat on - leads me to believe they have something egregious. At the same point - could be total smoke screen as the process being punishment to force the old douche to fade away rather than deal with this shit.

So much grift and fraud in government - so little prosecution and deportation over it.

 

[Irish#1]

Such a weird thing to go to the mat on - leads me to believe they have something egregious. At the same point - could be total smoke screen as the process being punishment to force the old douche to fade away rather than deal with this shit.

So much grift and fraud in government - so little prosecution and deportation over it.

You know Trump is pissed that he didn't lower rates when Trump said rates needed to be lowered. He doesn't want Trump telling him how to do his job and the pissing match begins. TBH I don't know if he lowered rates because it was time or if he did that because he heard rumors of Trump taking action. My guess this is Trumps way of getting him to step down.

 

[RDU Irish]

You know Trump is pissed that he didn't lower rates when Trump said rates needed to be lowered. He doesn't want Trump telling him how to do hos job and the pissing match begins. TBH I don't know if he lowered rates because it was time or if he did that because he heard rumors of Trump taking action. My guess this is Trumps way of getting him to step down.

Powell 100% ran cover for Biden and not so subtly did the opposite for Trump. Trump is also wrong in thinking the answer to everything is 0% interest rates. Trump is being straight pandering retard on the 10% credit card interest cap - although that probably gave LLF and Gattaca a boner they are afraid to admit. I may be giving Toronto too much credit not including him in that.

 

[GATTACA!]

Whatever retard appointed Powell is responsible for all of this.

 

[TorontoGold]

Jerome Powell, a lifelong Republican and investment banker, wanted to run cover for Biden? He was going to do that to ruin his reputation and the position of being the chair of the largest central bank in the world?

I swear to god you could have Adam Smith incarnate as the Fed Chair and IE MAGA would shit their pants because he wasn't carrying water for the least financially literate president of all time.

 

[RDU Irish]

Jerome Powell, a lifelong Republican and investment banker, wanted to run cover for Biden? He was going to do that to ruin his reputation and the position of being the chair of the largest central bank in the world?

I swear to god you could have Adam Smith incarnate as the Fed Chair and IE MAGA would shit their pants because he wasn't carrying water for the least financially literate president of all time.

You will love this source

I know how hard it is for you to process any message with preference for shooting messengers.

In Powell's defense - Fed always acts a day late (not literally ding dong).

 

[TorontoGold]

You will love this source

I know how hard it is for you to process any message with preference for shooting messengers.

In Powell's defense - Fed always acts a day late (not literally ding dong).

Yeah only the idiotic slaps on IE would find someone who was disbarred and plead guilty to fraud/theft/forgery to be some sort of economic thought leader.

That analysis is fucking moronic. The rates were raised under Biden, not Trump. The stimulus package released under Trump wasn't met with any rate changes while he was in office. The Fed raising rates too soon would have destroyed the economy.

So yeah, if you're retarded enough to believe anything from that clown and then to support that analysis you shouldn't operate heavy machinery.

 

[RDU Irish]

LOL - like clockwork

 

[GATTACA!]

U.S. Dealers In Full Panic Mode After Canada Green-Lights Chinese Cars

NADA CEO on Chinese cars coming to America: "It’s bad for our industry, it’s bad for our country, it’s bad for consumers."

www.thedrive.com

 

[TorontoGold]

U.S. Dealers In Full Panic Mode After Canada Green-Lights Chinese Cars

NADA CEO on Chinese cars coming to America: "It’s bad for our industry, it’s bad for our country, it’s bad for consumers."

www.thedrive.com

You need to wait for the results of this to come out. Great economic minds need to digest the full results before making a determination. Hopefully MAGADiane1960 can whip together some easy to read charts soon.

 

[drayer54]

U.S. Dealers In Full Panic Mode After Canada Green-Lights Chinese Cars

NADA CEO on Chinese cars coming to America: "It’s bad for our industry, it’s bad for our country, it’s bad for consumers."

www.thedrive.com

Is this losing? I read this as Canada is stupid, which we know, and people are afraid that we will similarly be stupid. But nobody seems to suggest a good reason for thinking it will happen here.

 

[GATTACA!]

Is this losing? I read this as Canada is stupid, which we know, and people are afraid that we will similarly be stupid. But nobody seems to suggest a good reason for thinking it will happen here.

US manufacturers losing a big market because Trump’s stupidity pissed off an ally is certainly not winning.

 

[Irish#1]

US manufacturers losing a big market because Trump’s stupidity pissed off an ally is certainly not winning.

I remember back in 60'-70's when Toyota, Datsun (Nissan), Subaru and Honda came to the U.S. American automakers went bonkers. Things got worked out. I suspect China won't be able to circumvent the structure.

For those of you too young to remember, when Japanese cars hit the US, it did force the US automakers to start building smarter (gas mileage) and cheaper. Japanese cars also learned a lesson. While the fuel economy was attractive, those Japanese cars became rust buckets after a few years. They had to learn how to build a car to withstand a greater range of elements.