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The soft retail market and other possible indicators of an economic bubble, particularly in tech

Discussion in 'Streetwear and Denim' started by Joenobody0, May 24, 2016.

  1. LA Guy

    LA Guy Opposite Santa Staff Member Admin Moderator

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    Well, true, but:
    1) Some of the ideas are astronomically stupid.
    2) Some of the astronomically stupid ideas have copycats (wtf?)
    3) A lot of people in tech have a highly inflated idea of their vaue to the world, moreso than in other industries.

    I mean, there is a lot of cool stuff going on as well, but there are a lot of stupid things. I would wager decent money on it that because of the nature of tech startups, that there is a statistically significantly higher number of really dumb (funded) ideas in tech.
     
    1 person likes this.
  2. Mariokartfever

    Mariokartfever Senior member

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    Case and point:

    [​IMG]

    I worked with a girl two years back who was ecstatic about the early success of her sorority sister's boyfriend's startup: designing pocket squares that had actual pockets in them.

    When I asked "Why?" she had no answer.
     
    5 people like this.
  3. the shah

    the shah Senior member

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    @cyc wid it have you seen silicon valley on hbo ? Thomas Middleditch once said that he's been approached by tech guys in the bay area who told him they can't watch the show because it makes them nervous as it's too realistic. i wonder what you tech dudes here think

    also, LA Guy, we've had a billion posts on this and not been squirreled off into the abyss of a new thread that nobody will go to after 20 minutes. what gives !
     
  4. cyc wid it

    cyc wid it Senior member

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    I haven't seen it.

    Y'all got some weird ideas of what constitutes a "tech startup". Crowdfunding or selling things online does not a tech startup make.
     
    3 people like this.
  5. t3hg0suazn

    t3hg0suazn Senior member

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    I know people who say the same thing
     
  6. LA Guy

    LA Guy Opposite Santa Staff Member Admin Moderator

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    lol. You beat me to it. I was just about to do just that. You're so prescient. Gimme a sec to think of a lame new name for the thread.
     
  7. LA Guy

    LA Guy Opposite Santa Staff Member Admin Moderator

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    And here we are @ThinkDerm @Joenobody0 @cyc wid it @the shah @t3hg0suazn @Mariokartfever @BLAUGRANA @deepitm @scanner @Akeem @MGoCrimson
     
  8. Joenobody0

    Joenobody0 Senior member

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  9. deepitm

    deepitm Senior member

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    Just to be clear, housing is only a function of foreign money in certain markets. But by and large, housing has been a function of easy money for the last 7 years. Monetary policy in the United States (and abroad) is decimating people who save cash and rewarding people with risk based assets (stocks, cars, art, housing, etc.).

    Cheap money means people can buy far more house with a fairly low monthly mortgage. Go try and buy a house. See what kind of luck you have in this market.
     
  10. the shah

    the shah Senior member

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    do you say that because of my internet IQ score ?


    are these people in the tech industry or people who heard Middleditch's comments ?

    Also, does this mean I should not try to transfer laterally in the tech industry now if there's a massive bubble about to burst ?
     
  11. the shah

    the shah Senior member

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    I have a cousin who is in the mortgage business, also a pseudo-tech company because, well, they develop a lot of software too that goes along with their main product which is signing people up for decades of repayments. He's already seeing garbage mortgages being bundled with good ones and sold as commodities (not his company's, they only apparently pre-approve people and based on realistic assessments -- not 5 condos for a bus boy at Wendy's or whatever). This sounds awfully familiar ...
     
  12. t3hg0suazn

    t3hg0suazn Senior member

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    People in the tech industry or closely acquainted with it. Don't think any heard about Middleditch's comment but some actually have told me they don't watch the show because it's too real
     
  13. LA Guy

    LA Guy Opposite Santa Staff Member Admin Moderator

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    I am not actually in "tech", or at very most, my business interests are on the periphery of tech, but enough so that I deal with the tech industry on a nearly daily basis, and I refuse to watch the show. That said, people have often refused to watch movies and television that is too close to home. There is at least one FBI bureau chief who hates to talk about his work and who apparently limits his tv watching to art house stuff his wife likes, and romantic comedies.

    I am not sure that this is so much an indicator of anything other than that certain industries and professions are particularly stressful, and who really wants to play out that stress again, for entertainment? Tech is stressful because it moves fast. You can't coast. It's what makes it exciting, but it also makes it stressful. Certainly, this is not nearly as inherently stressful as being responsible for people's safety, or dealing with a disporportionately violent population all day (I know a lot of prison guards). I certainly haven't heard any of the other issues that seem to correlate with these high stress professions - domestic violence, high divorce rates, high rates of chemical dependency - being associated with tech. But there may be just enough stress to make people not want to relive their lives onscreen.
     
  14. vodkaislove

    vodkaislove Member

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    history repeats itself.
     
  15. LA Guy

    LA Guy Opposite Santa Staff Member Admin Moderator

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    It doesn't, is the problem. Things are always different enough that people can convince themselves of a different outcome other than "things go directly to shit".
     
  16. vodkaislove

    vodkaislove Member

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    That's correct, the situation will be different next time around, but the principle stays the same. Bank makes risky investment that backfires and fails pay their obligation as the result
     
    Last edited: May 24, 2016
  17. djblisk

    djblisk Senior member

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  18. LA Guy

    LA Guy Opposite Santa Staff Member Admin Moderator

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    I took that a few times, and raised my IQ from 135 (bright, but not a genius) to 155, which is where it should be at.

    There are different ways of transfering laterally. I would probably not go to an early stage startup though. At least at an enterprise company, if you get fired, you'll know that it's because they hate you more than they hate other people, not because they've simply run out of runway. I supposethat the founders could write you a nice long letter while they are in the unemployment benefits office as well.
     
  19. the shah

    the shah Senior member

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    Lol n00b
    my score was first try while i was also doing other work :cool:

    (I am pretty sure it has to involve a random number generator within some wide interval!? these questions can't be actual IQ test material, iT must come from standardized tests high school kids should be taking)
     
    Last edited: May 24, 2016
  20. the shah

    the shah Senior member

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    So I recently watched the big short, and this weekend saw money monster (basically a 2 hour anti-trump pro-Bernie ad), and have been reading flash boys. The book is the best of the three, thought the first movie is based on the same author's work. It's pretty interesting stuff, especially since I know a handful of engineers who, after getting their doctorates, jumped into the hellish recesses of dark pools at GS and JPMorgan :devil:

    We gotta get @skittles in this thread too
     

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