Like the postmodern movement, the rise of Keynesian theory in academia in the past century has led to government institutions wielding more power than they merit. The general public doesn’t really understand this recent interpretation of economics, so they are encouraged to trust a group of economic “experts” to sort it out for them.… Read more
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On Thursday, Twitter reported a third-quarter loss of $21 million, or 3 cents per share. Excluding one-time items, the company earned 10 cents per share in the latest quarter.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The company posted re
BitCoin cheerleader Max Keiser recently “debated” gold bug Peter Schiff at the Nexus Conference. It wasn’t a debate. It was a comedy show.
Just to clarify right away, I am not making a case for gold over cryptocurrencies. My position is that both are overinflated by the debt bubble (see There’s no use arguing BitCoin vs. gold)… Read more
“Big data” is a relatively new domain in software. Programming languages such as Python and R have sharply risen in popularity as they specialize in statistical analysis of large data sets. Fluency in these languages is a requirement for aspiring employees of Alphabet (YouTube/Google) and Facebook.
“Big data” only exist… Read more
James Damore is a former Google (parent company Alphabet) software engineer that was fired for sharing his thoughts on discriminatory hiring practices within the company and his suggestions on how to better attract diverse talent.
To prepare for a series of upcoming blog posts on how big tech and social media firms are becoming increasingly detrimental t… Read more
BitCoin and cryptocurrency forums have been reacting emotionally to arguments illustrating the flawed technical fundamentals of cryptocurrencies.
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Just google bitcoin+ponzi, bitcoin+intrinsic value, bitcoin+myspace, etc. All arguments have been made. Honeybadger doesn’t care. It moves onwards & upwards.
Anyone who’s longer
I believe nearly all asset classes are in over-leveraged, debt-fueled bubbles. I believe BitCoin and cryptocurrencies are no exception.
When my folks talk about moving money to BitCoin without much understanding of the technology and its goals such as decentralization and scarcity, I think a market peak has been reached.
The whole “keeping up … Read more
On Thursday, July 27, 2017, Facebook’s stock jumped nearly 7% in pre-market hours on news of earnings beating estimates and higher numbers of active users.
Good news for stock speculators, bad news for society.
Facebook, in my opinion, is the most unethical of the big “FANG” tech stocks. It’s a company whose chief product i… Read more