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Netflix jumps quarterly always on subscriber numbers, but never on profitability and sustainability

The pack leader in this debt-driven bubble, Netflix, made another 8% leap today with glowing media reports everywhere noting that subscriber growth beat analyst estimates in the latest earnings report.

If there’s any indicator big enough saying how much risky speculation is fueling this stock market, it is today’s wall-to-wall media co… Read more

Zuckerberg and Facebook’s Cambridge Analytica “scandal”: two wrongs don’t make a right

Despite the revelations of the obvious, that is, the implicit admission of censorship, privacy invasion and bias after Ted Cruz’s “grilling” of Zuckerberg, one has to be weary of the pitfall that this Senate hearing aims to achieve: merely passing the baton of corruption from a private corporation to the needlessly growing federal go… Read more

Facebook incriminates itself, but that doesn’t matter when the lawmakers are on your side

Consider it a shareholders meeting.

With Mark Zuckerberg testifying in front of the U.S. Senate in what is looking to be the frontrunning dog-and-pony show of 2018, it is laughable to see the feigned concern of government officials in the wake of Facebook’s antics that include but are not limited to censorship, biased algorithms and selling privacy … Read more

Name a period in history …

Name a period in history where exponentially growing national debt was eventually paid off in full, because a nation’s financial growth was so excessive as a result of the theoretical fruits of modern Keynesian economic policy.

We’re still waiting, but don’t expect it to happen anytime soon, or at all.

Meanwhile, the amount of times ma… Read more

Poorly designed convenience technology strikes again: risk $50,000 to save 5 seconds with keyless car starters

A good follow up to Thursday Thoughts: more reasons not to fully trust technology with your life and Another Tesla Autopilot fatality: man selflessly gives up his life to train AI, the popularity of trivial, high-priced conveniences continues to plague modern society.

People are extending their poor spending choices past the impractical thousand d… Read more

Thursday Thoughts: more reasons not to fully trust technology with your life

Add Panera Bread to the growing list of companies that can’t even secure your basic personal data

Joining Equifax, Uber, FedEx, DHS, Saks Fifth Avenue, and more, Panera was found to be negligent of its customers’ data, leaving full names, e-mails, home addresses, phone numbers and credit card information exposed in plain text off of its websi… Read more

Canadian Housing Bubble: Toronto sales down 40% YOY in March

Has a correction arrived and about to reverse course, or is the bubble just now feeling the pressure of the pin?

Let’s translate the numbers that came out from the Toronto Real Estate Board, a report that should be taken with a grain of salt considering the conflict of interest they have in reporting the truth:

TORONTO — Canada’s largest real estate

Read more

Would you take financial advice from a lottery winner?

Obviously not, right?

What advice could possibly benefit you if the person lost thousands, possibly tens of thousands of dollars before lucking out and striking it rich?

Finance articles are littered with survivor bias — something important to know when facing a barrage of unsolicited advice from nobodies suggesting what to do with your money because i… Read more

Another Tesla Autopilot fatality: man selflessly gives up his life to train AI

Another naive software engineer bites the dust in Silicon Valley for not heeding the warning signs this blog has pointed out: outside of games with rigid rules and a finite set of moves, current AI is mostly just plain stupid.

In the awe of AI like AlphaZero, believing that AI will take over the world because of its dominance in linearly defined subjects such as … Read more

Thursday Thoughts: the promise for more “free” things and the bursting of bubbles

Any politician should be endlessly ridiculed for using the word “free”

“Free” means without cost, and clearly every “free” thing promised by the government comes at a steep cost — the complete opposite of free.

The “free” daycare promised by the current Ontario government which would saddle Ontar… Read more