I own Nvidia calls and stock and this statement is a bit too broad. Nvidia is not directly affected by Bitcoin...Bitcoin is mined using ASICS ,not GPUs. Other coins use gpus and Nvidia had told us for several quarters the crypto $$$ prodits were at basically zero. What they didn't realize (they should have) was that a ton of crypto used cards then flooded the market and now they have alot of inventory piled up they have to work thru. It's really more an inventory issue. Again, not used for mining Bitcoin though.
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EVNow
Well-Known Member
I was in the same boat as you and spent a lot of time on TOD (TheOilDrum). Infact the plugins that started coming out 2010 onwards probably had a lot to do with the oil price shock - and the concept of Peak Oil. But there is some debate over what exactly caused last recession. It's probably a number of inter-related factors.
It's also not true that, that's the only way recessions can come about. If we only look for oil signal we'll miss the next recession.
Brought this up before, but now with so many 3s on the road, has anyone heard of a fire of any kind with battery pack? Because for me the answer is no. Which Is amazing.
sundaymorning
Active Member
Stay away from the dog, Mark. He didn’t do anything to you, don’t kick the dog.
EVNow
Well-Known Member
Causalien
Prime 8 ball Oracle
The beginning of 2007 was sector based. Today's recession is all sectors. The one thing that's changed since a decade ago is that all sectors rise and fall together from being linked by ETFs.
There were 2 sectors that were resilient in 2008. Pharma and video games. But even those eventually crashed after a year. Which made today's market even weirder as all assets are crashing 2 months in. Even gold etfs, bonds you name it. While cash you use to buy daily goods is still getting its value inflated away.
dhrivnak
Active Member
Wrong as many companies go to extraordinary measures to work around supply constraints. My old company lost a critical piece of production equipment that cut off the equivalent of about 150 rail cars a day of production or 40% of our plant output. The production was down for 3 months yet we managed not to miss a single committed order or short a customer contract. Thousands of people put in long hour of overtime to make it happen.
Carl Raymond
Active Member
Why does there have to be a next recession? It's not like it's dictated by the laws of thermodynamics.
Running an economy faster that the available energy supply permits is not possible. That *is* dictated by the laws of thermodynamics. Fortunately, the energy supply (for transport) will not be constrained by oil supply during a cleantech boom. We are not quite at this singularity yet, but it is soon. Each 1000 EVs creates a small glut of oil somewhere. As soon as the rate at which oil is displaced matches or exceeds the rate at which growth requires additional oil, we're there - no longer oil constrained.
Edit: I'm loving the disagree on this. It's really no more than a list of axioms. Dying to see which axiom is disagreed with.
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Carl Raymond
Active Member
Maybe it's not. Maybe it's possible to be on the take from fossils and weaken pollution laws, while simultaneously boosting the EV industry being mindful of where the next powerbase will be. Kind of like two faced corruption.
EVNow
Well-Known Member
That's a good question.
Obviously there is no physical law against it not happening - and no law that says it can't happen. So, we go by history - and say it seems to keep happening about once a decade regularly. So, we shouldn't be surprised if it does happen again in the near future - though there is a lot of uncertainty involved as to when in the future.
A lot of things can go wrong that affect the economy badly - and a certain number of them can happen together to make recession a reality. Exact sequence and importance of each factor varies with each recession - but is usually tied to asset valuation bubbles.
The housing bubble, the credit crunch, and the Great Recession: A reply to Paul Krugman
EVNow
Well-Known Member
Only if we had a functioning government with some kind of vision and sense of purpose.
Buckminster
Well-Known Member
Here is the Nasdaq doc covering short seller rules (couldn't find the link on the Nasdaq website though):
https://business.nasdaq.com/media/Nasdaq Blueprint to Revitalize Capital Markets_tcm5044-43175.pdf
Final page quote:
- Promoting Long-Termism
Immediate Action:
- + Continue to provide choice on share class structure
- + Equalize short interest transparency
- + Continue to provide choice on share class structure
Of the 29m shorted shares, what % are linked to big corporations via dark pools or intermediary banks that cannot afford the bad press of being seen to bet against an eco company like Tesla?
They might decide to get out this year to avoid future disclosure requirements.
Short squeeze inbound??
Carl Raymond
Active Member
Gone, all those share buying opportunities...
Artful Dodger
"Neko no me"
You are presenting Electrek articles as facts. They are not, Both carsonight (local knowledge) and JB Straubel (2018 Q3 CC )contradict Electrek about battery cell production.
Since this discussion is going nowhere and is off-topic for Market Action, I now leave this conversation. Cheers!
I don’t get the obsession with shorts (individuals, not mistaken with short interest),
because even if one disagrees, or laugh at them, it gives them the attention, they do not deserve - PLUS - steering klicks on their content, even from people never heard of them.
And - more importantly - it’s a waste of positive energy on the wrong stuff, that could have gone into teaching about the new star in the market: TSLA
So, since I can’t keep people from posting it here, because one day it might have value for someone’s stock decisions (it was never useful for me), I vote for a TMC-tool, where I can fill in some words to ignore posts by content (short, Chanos, Mirror, bankwuptcy, Lutz, Hull,..).
(Disclaimer: This is no response to anyone in particular, especially, as I don’t know, who will post at the same time, or minutes before writing this, this is no response to the last 10 posts)
because even if one disagrees, or laugh at them, it gives them the attention, they do not deserve - PLUS - steering klicks on their content, even from people never heard of them.
And - more importantly - it’s a waste of positive energy on the wrong stuff, that could have gone into teaching about the new star in the market: TSLA
So, since I can’t keep people from posting it here, because one day it might have value for someone’s stock decisions (it was never useful for me), I vote for a TMC-tool, where I can fill in some words to ignore posts by content (short, Chanos, Mirror, bankwuptcy, Lutz, Hull,..).
(Disclaimer: This is no response to anyone in particular, especially, as I don’t know, who will post at the same time, or minutes before writing this, this is no response to the last 10 posts)
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Macron in CRISIS: Popularity PLUMMETS as France hit by riots - 400 injured
I don't understand stupidity: people are against higher fuel taxes and they are not against pollution that kills them?
I don't understand stupidity: people are against higher fuel taxes and they are not against pollution that kills them?
Spiegel sounds totally nutty to me. Raving lunatic obsessive stuff. If I was his family I'd actually be concerned for him
I love how he uses, as his profile picture, a photo of him standing in the middle of his burning investments and grinning as if nothing is wrong, while someone in a Tesla behind him desperately tries to rescue him from the flames.
Artful Dodger
"Neko no me"
'Short sellers (whinge) that they identify potentially fraudulent companies such as NISSAN RENAULT Enron, which they say helps mom and pop investors.' <= FTFY
Question? Where were the Shorties while Ghosn was defrauding mom and pop?
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